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Innotrac Corporation Message Board

  • good4a5dollarpop good4a5dollarpop Jan 4, 2003 11:02 AM Flag

    You're right and you're wrong...

    Though most of the recent posts have touched on the truth about what's happening inside the company, the rampant speculation about what's behind management's moves makes it clear that you are clueless and therefore your posts lack any credibility, with me anyway. If you want to be believed, post both sides of the story and let us decide which way to lean based on the FACTS.

    Christmas season business was excellent and fully justified the IT ramp up in 2002. Little additional capex is required at this point and it is logical that many IT contract workers will be let go as their jobs have been completed. Ditto for many customer service reps brought in to handle the Xmas rush, which emerged as expected for ONLINE retailers.

    Moreover, the company now has the capacity in place to take on additional customers at various levels of profit margin while still making their revenue numbers. In that regard, the new business pipeline is full and prospects for new contract wins are good as the economy picks up steam. The likelihood of additional business is enhanced because many fulfillment houses have gone out of business recently. INOC will get a chunk of that business, especially in telecom (admittedly a lower margin cash cow) where the company is highly regarded in many circles.

    Do your math. Without the capex bite, EPS going forward could show steady improvement. The per share losses in 2002 were advertised in Q1 conference call last year. Everybody on this board knew this year would suck so what's happened has not surprised anyone. The company is likely to make money in 2003, not lose it. Investors getting in at these levels are looking forward, not backward.

    You can take issue with management's decisions all you want, but basically it's a case of out with the old and in with the new. The company is being retooled for a different future, one you are unable to visualize. You choose to focus on the painful destruction part of the process rather than the rebuilding of the foundation. Perhaps you'll feel differently when the transformation is complete and the stock has returned to the 5-6 dollar level, hopefully at some point this year. Get in then. Leave a double on the table. Perhaps those who are more farsighted in their investment vision will sell you their shares at that time.

    Bear in mind too that this is a consolidating industry. The smaller players who stick it out will eventually get gobbled up by the larger ones, many of whom are PRIVATELY held, doing quite well, not subject to any public disclosure and not on anyone's radar screen. I never hear you mention any of these firms, which makes it clear that if you are indeed on the inside you are totally ignorant about the outside and the more important macro trends in the industry. You are a facade, a fact-less sham whose knowledge is a mile wide and an inch deep. You may be well versed in the politics of personal destruction and trashing management, but you have zero credibility due to the baseless speculation you post here. You do investors a disservice with such rambling rearview mirror BS about the past when the future is what they focus on, and how the company is taking steps to get there... profitably.

    I am objective enough to revisit my view of both you and the company if the nature of your posts is less biased and presents both sides of the story.

    I await your fact filled reply. Got any?

    I didn't think so.

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      Part of the New Management are you?..Sounding like one that will do whatever it takes to get ahead. Tell me about the Management changes that have taken place. Aren't all the Senior Members (the real decisions makers) still the same group... I dont know what you mean by out with the old and in with the new....The only change to management are those that came with the acquired companies. So things are changing?... Tell me where...Have some executives moved on to "other opportunities" and the info hasnt yet hit this board?.

      You sound like a 30 yr old manager who recently joined the company and have accepted the typical "brainwashing" that senior executive in all companies drive through their staff. How much for that Brooklyn Bridge?....

      This one is still more like gambling than investing....Hope for a bounce and get out.

8.190.00(0.00%)Jan 6 3:15 PMEST

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