My goldfish is feeling better about the rest of the market now, but he's still very uneasy about smitty. He thinks Bill Smith's a jerk. That's his opinion, not mine. Goldfish these days have such foul mouths.
no no no - that's where you've got it wrong mate. One cannot be "cool" and "responsible" - they are diametrically opposed conditions. I chose "cool" many years ago, and found that with the absence of "responsible" comes the absence of wealth! LOL
once a punk, always a punk - my credo FWIW!
The part of my portfolio where SMSI resides is like a snuff film. I will certainly not let Aung San the Third (my goldfish) look at that part. If he ever does, my fishtank would soon become the residence of Aung San the Fourth.
If it helps to know you have company in both your current position and your strategy, then you'll be happy to know I'm with you.
I bought in at levels I thought were sane some time ago (average is in the high 12's). Oh my.
For a company with a near monopoly position in an emerging hot space - connectivity; products addressing many needs in the overall wireless space; a solid software suite; multiple tier one customers (validation); no debt; track record of successful deals & integration of those deals; growing sales; diversifying customer base (yes, Verizon is still too big); and cash still on the books, Smith is NOT a $7 stock. The ONLY thing that makes it a $7 stock is the number of shorts still around.
Once the revenue & bottom line picture improves over the next couple of quarters they will leave and the stock will be priced correctly.
For those with investible cash, this is a terrific entry point with little to no down side risk here, and certainly a double in the cards over the next few quarters.
As far as contacting IR. Let's remeber that Smith is a small company with many 1,000's of share holders. They would spend tons of money were they to answer each and every retail investors complaint / inquiry. If they did answer these questions (many are inane) would the questioner "feel" better? Probably not, and those complaining here would instead be complaining about the answer they got.
As a test, write to a large company and see what you get - try Cisco for instance. Ask why their stock has dropped from the recent highs as well. I'll bet you'll get no answer from them either - except maybe a form letter.
Good luck to all (we'll need it).
like any responsible parent, you should closely monitor your goldfish's internet access to make certain he/she isn;t visiting disturbing websites, such as your online account, for example :-)
but therein lies the conundrum syn. why are we being so disproportionately abused? It isn't natural, and teh price does not reflect anything close to the business realities - even if there is hidden bad news, it is difficult to justify this as a $6 stock.
I believe we are being systematically taken dow - but why? I think the 'why' hints at the very reason to hang on.