I have nothing to do with the other accounts. I don't really know much about Unitek. I'm just a 45 year old cable splicer. In the early 90's I worked in a company with Scott Hice. I remember we were going to lose our contract with Comcast and it looked dire. Scott went into a meeting to get a reaming and probable firing. He came out of the meeting with triple the work. I wasn't at the meeting personally but twenty years later I still remember my supervisors amazement. I met Scott a couple of times and never liked him, he was the gung ho sales type and I just can't relate. That day though I realized how important the sales guys are. I'm just wondering why Unitek doesn't have a non-compete with Scott. Getting rid of a guy like him without one is suicide.
I do very little investing, is there any way to take financial advantage of any downside in this company. I am assuming that it can't be shorted. Thanks.
If you are "cetain" of UNTK's demise I would find a stable company within the industry that woud benefit the most and go long. There are a lot of things going on with this company that are not visible at the moment that make it hard to predict the short term price. It has run up in down a 100% twice in the last 5 months or so and it would be painful to guess wrong. Read the 10K, they actually did a good job outlining the risks, which mood's pretty much copied. Good luck
It's Scott Hisey. Shorting can be difficult - stocks can do strange things, and going long is always going to be easier & more profitable - but I do believe it can be shorted. It's a myth that shares can't be shorted below $5.