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WSI Industries, Inc. (WSCI) Message Board

  • italscosese italscosese Jun 9, 2004 9:35 AM Flag

    TODAY'S BOUNCE

    Anybody know why we bounced today? Is this the start of a run up before the results that should be out in the next 10 days?
    Anybody any clues?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • bounce? look at the volume before you ask a silly question. it is not even 10 AM and the bid is 2.45. That means no one is interested in buying this at 2.50 today. Everytime a sale goes off someone (some computer or MM) places an ask lower then the last sale. Pure manip. Friends are at work manipulating this stock and will probably be able to for a very long time. You have one person to blame... the CEO. Please don't ask me to spell out why.

      I often wonder which is worse a) to hype your stock for obvious personal/professional interest or to have total disregard shareholder value and for the shareholders themselves, to the point of demeaning them for obvious personal/professional reasons AND ego.

      • 1 Reply to analyzingnetsforvalue
      • add accountability.

        the CEO is simply not interested in being accountable for shareholder value. maybe he is interested in being accountable for other things but that does not excuse complete neglect of WSCI's public valuation. Why doesn't he just try to take the company private?

        There was a great piece in Business Week recently about companies going private and the overall effect to share price. The article discussed how share price of possible candidates are frequently heavily discounted out of concerns of liquidiy. Insiders will often 'let' the price drop, through various means of non-support. Add that there has been no confirmation to rev growth, new contracts or the future of the dividend... and we see little interest and few buyers of the equity. At this point little more needs to be said till earnings. Let's hope that clears the uncertainty. It is hard to picture a run-up pre earnings. However, if this company provides clarity on the dividend, margin growth, contracts and forecasts for the rest of 04 (mostly positive) then the share price should find a reasonably significant higher level.

 
WSCI
7.128+0.223(+3.23%)Apr 23 3:59 PMEDT

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