Spoke to some friends on the street about this one...CEO rotates buddies in and out of senior management team at high cost. His and senior team salaries out of balance with performance of company. Key mid-level team responsible for early success has departed. Lawyer quit...why? Lawsuit versus only cash customer the US Government could be the answer. I held for this long due to me purchasing at $11. I'm bailing.
After I read your reply, I thought maybe my friends had it wrong so I looked at their press releases on the ASE website and there seems to be some disconnects. For example, why is the US Government leasing rather than purchasing X-ray vehicles. They own some now, are there maintenance issues?
Why is there no further overseas orders despite the stated success of the systems in the Middle East in the press release? After all my gas tank screams that the Arabs have cash. At least my cash...
Asia? Other X-ray firms are making strides in the truck inspection area.
I dont know anyone inside now, what is the sales prediction for the next year? Last year was supposedly over 100 Million, they barely broke half of that according to the annual report. What are the facts of your recommendation, or are you somehow connected to ASE.
All this said, this stock stalls when they execute sales anyway.