I have owned this stock since september and all it has been is bad news..bad news and more bad news. Does anyone have an idea of when this company might make a move and get over its structuring problems and earn money. This is the second quarter in a row they have lost and it is killing the stock. I hope I don't have to sell but if it goes much lower I might be inclined. Can someone give me some hope of why this stock is where to be. Thank you
I have been riding this for about 10 years. I am very sorry I did not sell all of it 2 years ago when it touched $25 and then rebuy over the past few months.
I continue to be amazed they are not more successful and I do not have a good understanding as to why? I have the impression they seem to be regularly having to get their act put back together. By that I am thinking about the change they made in how they market their products a few years ago and the comments that appeared in their press releases recently.
They have a great product. The industry niche is intensely competitive. It seems that a lot of smart people are convinced that they can take the idea 3D pioneered and find a more clever way to do it. In my view the risk is that it could become somewhat like computer retail, that there are so many people turned on by the technology that the competition drives the margins down.
They had been at a competitive disadvantage in that their equipment was relatively high price (and high quality!) and their plastic medium apparently lacked some working characteristics that at least some of the users wanted. Both of those issues have been addressed by recent product introductions.
I sold about a third of my holding over the past 6 months, reluctantly because I had to raise some money. If I had the cash I would be a buyer now as it is selling close to Book Value and I believe it is and will continue to be the class act in this market. If I need to raise cash any time soon I will NOT be selling 3D at these levels! One note of caution, if you buy this looking for a quick turn you are likely to be disappointed. It does turn quickly but not predictably so!
Since I said I would not sell I think it only fair to post that I changed my mind when it snapped back a little. It is not that I love 3D less but that I think other opportunities are going to move a lot better before 3D starts improving. I do not see any significant movement in 3D share price until they post some earnings and show good reason to believe earnings will grow from there.
In the meantime I used the proceeds to buy Seven Seas Petroleum (SEV on AMEX), Parkcrest Exploration (PKC on Alberta) and US Technologies (USXX). SEV and PKC are both plays on oil exploration in Colombia. I have owned Harken (HEC) for quite some time and added to it over the years. One other "active" play at present is Racom (RCOM) a smart card IPO.