Absolutely, buy more, especially here at .65 or so. Some people are so short-sighted that they will sell a dollar for 50 cents! Given all the sellers at .65, and the fact that this company should sell for a more appropriate $1, then $2 by next summer, I believe one should take advantage of any weakness in apgi and buy whatever they can afford asap, particularly with any further weakness. This company is selling to some very famous and extremely large blue chip firms in the 200 billion market cap area. Would such companies deal with a poorly run company?
While the management of APGI may be quite good at running the business, they aren't the best when it comes to IR, imo. Why, for instance, would you hire an IR firm and do a road show just before announcing a miss on quarterly revenues??
Yes, they need an IR firm, and, yes, they need to pay more attention to their stock--a strong stock is actually a very useful tool--for dealing with customers, for raising money, or even in the case of a buyout.
I'm sure this is a painful lesson for APGI's management--but the Street really, really dislikes being told one thing and then seeing something worse.
Unfortunately, this stock has a history of sliding back down for long periods of time, so I'd expect the same thing to happen once again. Wait for some basing before buying, is what I'd do. And, yes, I am long APGI, and hoping to buy more--the long term outlook is still terrific.
You never know what's really going on behind the scenes, but I've seen cases like this more than a few times. Nice chart, good financials, then boom it sells off. I'll tell you it generally ends up being a buying opportunity in hindsight, my guess is this time it's one as well.