You have a much better chance of making money with the lottery.
RMKR is one of the worst performing stocks on the NASDAQ this year, and there is absolutely no reason for optimism... - No new clients of significance. - Existing clients are fading away. - Revenues barely increasing and spending is going through the roof. - There is an ever-increasing amount of eCRM software out there allowing RMKR's potential clients to go it alone. - A miserable business plan. A key initiative in the last business Q was "the implementation of our new sales team". Pitiful. - The CEO is grossly overpaid and is not delivering, but has zero chance of being removed. - The company stinks of cronyism and nepotism. The CEO's salary is determined by his daddy.
- Even on his half a million salary, and the dirt cheap stock price, the CEO isn't buying. Why? Because Michael "pay-for-non-performance" Silton knows that RMKR will continue to go down.
If I could short RMKR at this price I would. A terrible company in so many different ways.
To those of you who are long RMKR and ready to throw abuse at my post, be ready to give PLAUSIBLE, TANGIBLE SOLID reasons to buy RMKR. I have never ever seen anyone on this board do that, and I have offered plenty of reasons why you should not.
Not that I disagree with you re.several of your points,but I'm always curious why Neg.bashers stick around...is it a Savior complex,or to control buy price til RMKR posts favorable news? For instance,do you know factually there are no new clients, or do you discredit RMKR's statement that some new clients do not wish to be identified this early..And do you discredit their stating that Gateways isn't out of the gate due to their failure to prove necessary data.And do you disagree with their change of model from slow growth future profit to shorter term for profit.And how many days-months does it take to turn this around. And what facts do you have regarding declining revenue:we knew that SCOC was being phased down. we know that Novell-and many other TECHS had weaker sales and predict slower sales and deliveries in Q 3.And the "miserable previous business model did produce average revenue growth of 30-30% per quarter,and profits up til last quarter of '99. And one of few e.CRM to show growth % and profits in this B2B realm. And do you find exorbitant nepotism/cronyism in this company;other than Michael's father,who founded the original company,who is related or still on job due to friendship???Since you do not state FACTS,I'm not replying with data,but with factually supported IMO,as much as yours...I've posted previously that the unexpected general business slowdown producing Bear market in last quarter of'99 and Q 1 2000 predictably lowered most .Com and retail business.Are you following the DJ/NASDAQ this quarter,and just in last several days..Down 3-5% in three days.Do you expect RMKR,dependent on retail growth market to counter market trends? OR are you like the earlier investors who "demanded an inflated $50.p.sh. company predicatd on inflated PE/r's(100-200) who probably caused the instant rise from 8-29 and the predictable decline=albeit precipitous and possibly warranted?? Are you objective or just BITTER? I'M DISAPPOINTED and can only hope that this company can turn IT around between now and Q 1 '01.And as I look at my Mutual portfolio,and other "risk" investments,most are still significantly down from '99...Nuff said...too much, but I believe your comments-some- are unwarranted,unfactual,pessimistic. Salud!
robbmr_2000...Thanks for responding in a thoughtful way without abuse. You raised a lot of issues. I'll respond as best as I can without meaning to omit anything.
> why Neg.bashers stick around... I am a stockholder. If I don't like the way the company is run - and I don't - I use this board to say so. >to control buy price til RMKR posts favorable news? You are joking of course. I cannot imagine ever buying more stock in RMKR. Besides, my posts will have a negligible effect on the stock. And even if they did, that's fine. Nothing I post is false. >do you know factually there are no new clients... You are asking me the impossible - to prove a negative. But the onus is not on me to show there are NO clients; it is on RMKR to show that there ARE NEW clients. >some new clients do not wish to be identified this early... That may or may not be true. It is easy to claim even if it is false. I consider it irrelevant. Give us hard news RMKR. >Gateways isn't out of the gate due to their failure to prove necessary data.... My previous comment applies. >do you disagree with their change of model from slow growth future profit to shorter term for profit... No. The old way was not working. But it's very easy to blame everything on the transition - increased spending, no new clients, workforce layoffs, etc. All of the above could simply be due to a poorly run company that is losing existing clients, and not getting new clients. That especially explains the 10% layoff. >What facts do you have regarding declining revenue... I did not say revenue was declining. I said "Revenues barely increasing" which is true. ...and profits up til last quarter of '99 > Precisely. But that was then, and this is now. It's what RMKR is doing badly now that concerns me, not what they did well a year ago, before they went public. >And do you find exorbitant nepotism/cronyism in this company. Yes. It disgusts me and I have posted the reasons in great detail on this board in the past. I believe the Siltons are showing contempt for shareholders. Those shenanigans are fine in a private company, but are unacceptable in a publicly traded company, if only because professional investors will steer clear of companies with such self-serving cozy arrangements. >Since you do not state FACTS What have I stated that is untrue? My opinions are my own but they are based on facts. In your post you have not pointed out any factual errors on my part. >Do you expect RMKR,dependent on retail growth market to counter market trends? Yes! And they had better if they do not want to be a sub $1 stock. Why pick on me instead of RMKR? They were the ones running off at the mouth last November about how they had a huge niche market with nobody in exactly the same line of business. Well guess what...that may be true but nobody cares. They need to provide a valuable service that cannot be obtained for less elsewhere, and the sad truth is they just can't do it. Reasons?...more professional opposition, inability to get sales, no special software or strategy that to beat the opposition, largely restricting themselves to the technology arena without success, the rise of ASPs, the rise of DIY eCRM software, etc. >I believe your comments-some- are unwarranted,unfactual,pessimistic. - Pessimistic? Absolutely because this company has shown NOTHING in 6 months! - Unwarranted? Only if what is say is untrue or unfair. It is not. - Unfactual(sic)? Again, tell me any fact I have wrong and I'll listen.