Unless you people are insiders, you must be
shocked by the behavior of this company's management. The
key to this company will be if they can demonstrate
performance. When will that be? Can anyone point to where they
talked to us as shareholders? So far this year, they
disappointed the market by announcing that they weren't going
to make earnings at least three times. As you
probably all noticed, the officers just recently gave
themselves raises. That must be because Mr. Steven Bova
wouldn't come on board for less than $325,000/yr. So now,
Clete, Terry Belldora(the hidden one), and Gordon
Allison, all got raises; substantial raises while the
company is suffering. Clete just went from $150,000 to
$350,000 per year - well deserved, probably due to
shareholder wealth enhancement!! Right!! Did you notice the
termination provisions - should he be fired or the company be
taken over?? Does anyone doubt their arrogance now?
This is a "Mom and Pop" billion and a-half dollar
company. I hope to see you all at the shareholders meeting
nest year. Comments??
After watching the blind following of this
board's posters for so long, I must speak to the complete
accuracy of madboy9911's post. Arrogance and inexperience
are the only qualities needed to be in the current
management group of this HOWLING DOG. The sooner you all
stop believing SEM and his self minded followers, the
sooner you can put your money in a well managed company
and start recouping your losses. These guy's don't
have a clue. They're like a few hillbillies with a new
4x4. Intellimark is going down faster than the
Titanic, with every quality management person (including
all of the ex-owners who knew how to build a
business) either gone or ACTIVELY looking for a real
company to be involved with. Raises? They should all be
unemployed! Anything they do is for their benefit ALONE.
Hey Profit, pop a chill-pill man. Take some
responsibility for yourself and stop your whining. Obviously you
belong to either the disgruntled ex-employee brigade, or
an investor with little insight....
simple, if you don't have the stomach to play the game,
sell your 200 shares and buy a 5 yr term deposit for
I always recommend doing your own DD. Spend a few
minutes and read through a few STAF SEC files, do some
comparative corporate analysis, offer some constructive
criticism, and/or God-forbid productive dialog.
in my back-pocket till end of Q2 2000 as my only
Profiting1, I suspect you've lost
a lot of money in the market. I'm going to offer
you an olive branch and show my goodwill to your
sorry ass. ASD Systems (ASDS). Do your DD, thank me in
60 days. I will say no more.
I don't want you to believe me. Doubt everything
I say. Do your own homework. Research the hell out
of the company. Draw your own
Beware of ALL posts. Many of the naysayers on the board
are the folks who had their companies bought with
higher priced shares of stock, then watched the stock go
down, got pissed off and stopped working & got the axe.
Now they busy themselves grinding
Footnote: I excited to see the acknowledgement that
anything management does, they do for their own benefit
ALONE. Considering Walters and Brewer each own over a
million shares a piece, that's the most optimistic
statement I've heard! A one dollar increase in share price
benefits them five times as much as the raise.
No don't think so, I live up in Vancouver Canada
next to my beloved mountains and ocean....away from it
all. Don't think I'd make a very good insider, I have
little patience, interest in corporate politics or day
to day management decisions. Have to admit, I
wouldn't mind being a fly on the wall from time to time,
might be entertaining.... Am I shocked by behaviour of
STAFF's management? Not at all. Should I be? As GSN
stated in a previous post, STAF has completed a
remarkable growth and acquisition program in recent years.
Patience. Play the cycles....
I mentioned in
previous posts, I'm a value investor using technical
analysis to search for out-of-favor securities with
excellent upside potential. I concentrate primarily on
momentum, investor sentiment and money flow. Tracking
investor emotion and money flow is much more intesting to
me than waiting for management to say something
(that's probably already factored into the
STAF will have cycles that's a given. I always
recommend; do the research on the securities you buy/sell,
especially STAF. There must be a very good reason GSN
retains his confidence?? I know why I retain mine. I seek
value and play cycles.
Establish your own game
plan. Buy if you feel comfortable, sell when your not.
Establish a trading zone, learn the patterns, cycles,
listen to no-one....do your own DD. And above all else,
have some fun,,,
Greenspan rate increase with no bias. Great news. Look for
excellent trading patterns over the next three months.
Healthy STAF by end of Q2 2000.
Please accept my sincere apology for venting my
frustration on you. In looking back at the posts, I realized
you were not the one preaching advice to management.
My fault, and I'm sorry for jumping on your case.
I too want this company to do well. I am a
substantial investor. Management's actions just get
frustrating when you see "dual" messages (i.e. their actions
(pay raises) versus their results(stock/bottom line
performance)). The raises and perquisites ("perks") are not
material in nature, it is the principal of the thing - and
the timing is horrible. Apology accepted, you are
very gracious. Here is to more days like today!!!
I'm not an insider. I'm not "shocked" by the
behavior of management either. You've been doing a lot of
bellyaching on this board, and with the stock down so far
it's understandable. However, get your facts right.
Your payroll numbers on were wrong. Most of the
employment contracts had provisions for the raises anyway.
There are no surprises here.
It seems you have a
great deal of advice to give management on how to run a
company. (previous posts also preachy). Why don't you just
sell your stock and go away. I've never understood why
someone would own something that makes them so unhappy.
SEM / going stealth or whatever. I have
appreciated many of your posts of past, however I believe
that you have ovestepped yourself this time and owe
Madboy an retraction.
Clete DOES need help in his
management of STAF and it is clear that we should be doing a
lot better than we are.
Some of us that own
this stock may not be happy with it but can not get
out at this price for one reason or the other. I have
no doubt that a great number of us would rather be
invested with a better management team, but just can not
at this time.
A conference call was held about a month ago, and
the telephone number was posted here on this board.
Secondly, earnings revisions were announced twice this year
(where did you get "at least three times"?). And
finally, what is the source of your information regarding
these purported pay raises? If it is true, they would
be unconscionable, given the performance of this
stock for the past year and a half. However, before we
start complaining to management, we need to have a
verifiable source of this information, as well as an
explanation of its contents.