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Frozen Food Express Industries, AŞ Message Board

  • nuclearpower101 nuclearpower101 Nov 4, 2004 10:59 AM Flag



    I am sorry if I misled anyone on this board about the earnings outlook. I thought even a blind squirrel finds a nut once in a while. What I failed to realize is that this management is not only blind but deaf, dumb and mentally challenged. I have an old dog so I know you can't teach them new tricks. These people's method of doing things is so ingrained they will never change. They run things as they always did; it will always be to maintain survival mode and the shareholders be damned. Any other competent board of directors would not tolerate consistently poor underperformance. Shareholders will never be their first priority. I exited today at the open and made about 33% profit so I guess it wasn't a total loss. It is stirctly lack of faith in management as the market is now exhibiting. I'll check back time to time to see how you guys are making out. I'm sure G.C. will be glad to see me go. Hey G.C., good luck with your 10 dollars at the end of the year.

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    • askindoc Nov 4, 2004 11:31 AM Flag

      Nuc, I too am dishearted by the poor management. The conference call was second rate and presented as a jr. hi student would present a paper in class. The only salvation for the company is to be acquired by knowledgeable,educated business folk. I think FFEX will make money despite their piss poor efforts; but others in the same industry will make piles of money. You made the right decision this am.....Good luck to you.

      • 1 Reply to askindoc
      • I also listened to the CC, and thought it was pretty good. They were explicit about some examples of how the new software system is helping them operate more efficiently, they gave a lot of information not in the PR, and they were quite positive about business prospects going forward. I expect a good Q4. I am not selling at these prices because I expect higher prices over the next 6 months.