neil is getting grilled.Kevin and russ are all over it.Hidden assets ,land building.Utilize them and realize shareholder value.Russ said you said sales increase 07 from 06 THEN DO IT.Kevin says 6 buck offer.To get to it you need 15 times p/e 10 cents per earnings per q.14-15 mil per q and gp 35 to 37 per cent.Neil said the offer was because of customer loyalty and capabilitiy.imo 6 bucks is a low offer with the 5 buck bv not counting fm value of building and acres owned near airport.Neil refused to answer q if any buyback took place in last 45 days.
Neil has been handed many reprieves from his shareholders in the last few years. He has been quite fortunate and it is amazing how the stock does not quiver much from these poor performances. There is not much to move this stock up anymore. There are no shorts squeezes, no announcements of new customers or products to look forward to. The only thing holding this stock price are some dedicated shareholders and institutional investors, which quite frankly, have been bamboozled by Neil into thinking that this company is going to make astronomical gains some day.
From listening to Russ and Kevin, Neil's days of coming to these CC's with mediocre and below average performance results and then just seeing a small drop in stock price will come to an end. Sooner or later, these dedicated holders have to come to the realization that they have been duped.
I am definetly losing faith. The conference call did not sound too promising and they do not seem to be following market trends. The software double entry struck me really funny. I could not believe they were performing double entry into their old and new MRP systems for so long. I bet we will hear all about the operational efficiencies from the single entry over double entry next quarter. It appears that someone was jumping in when the price was near the low of the day (buy back or Taxi?).