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Mitcham Industries Inc. Message Board

  • jimgggg jimgggg Jan 29, 2014 3:01 PM Flag

    Estimates

    Based on the analysts' future estimates this looked like an undervalued stock - until I looked at their past estimates. They have been very optimistic for 5 quarters in a row. So don't trust them. I will avoid this opportunity.

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    • Can you believe this self aggrandizement? This is from the 10K
      "Our failure to attract and retain key personnel could adversely affect our operations.
      Our success is dependent on, among other things, the services of certain key personnel, including specifically Billy F. Mitcham, Jr., our President and Chief Executive Officer. The loss of the services of Mr. Mitcham or other personnel could have a material adverse effect on our operations"
      Yea right if we lost Billy the world would stop drilling for oil and the company would still save $1.3 million in salary and stock.
      Lets tempt fate and just get rid of him. Same old excuses same no earnings.

    • Billy, you are awesome. You finally deliver the Gunlink system that was scheduled for delivery in Q3 and delay the Q4 delivery with exactly the same vessel availability excuse that you gave in Q3. Then you pretend that you are making progress with this,
      "As expected, Seamap's fourth quarter results showed strong sequential improvement, with the delivery of
      one BuoyLink system, one GunLink 4000 system and the first PGS SourceLink. We expected to ship
      another GunLink 4000 system in the fourth quarter, but that delivery was postponed by the customer until
      the first quarter of fiscal 2015 due to lack of vessel availability.
      For this duplicity you are getting $1,000,000.00 a year. Do us all a favor, take your name off the company, quit, and let someone who can make a profit run the place. The investors will all be better off. Attention Ariel let's see how many shares the directors sell now.

 
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