I dont think so the product is excellent and as the economy improves so will sales in the US, foreign sales have already increased and Us sales are starting to improve. This is a great product at a highly competitive price. The problem, IMO, is stated well in posts previously by some other posters who predicted that it would go down to this price when it was at 2.25 and that is the BOD and CEO who have given guidance that turn out to be wrong by a large amount only a week later and who gave the CEO a large bonus shortly after he talked the other executives into and said he and they would take a 25% pay cut for 2009 until they reached 50 million in sales. The bonus made up for his pay cut. And there are those that believe the salary cuts will be paid back along with more bonuses in Q4, see if you can find the salaries in the next financial statement because I doubt it will be announced or asked at the quarterly meeting since I wont be there. TOo far to travel and health reasons. I sure hope someone asks. I think there will be big raises next year also unless the people who threatended a proxy fight are serious and close to successful. Where have they gone?? no posts lately.
What is your projection for revenue and earnings growth in the 4th qtr? How will that compare to prior qtrs and year ago? What is the outlook for growth going into 2010 and how will that compare to year ago numbers?
To me, the answers to these questions will determine the stock price. I believe the company will report record revenue and record earnings in the 4th qtr and in 2010.