Why has the company not filed a 10-k yet? The company said nothing of the details of the acquisition in the press release and the 10-K is not out yet. Right now you know that S&L will make a contribution to revenue. So an unknown amount of money bought something that has revenue.
This company does not have conference calls right? Why not?
Is there any method to the madness of the company's options granting. Does Bailey just get 100k+ no matter what, because he got like 10k less shares this year than last, and this year was better.
Unfortunately until this company's management becomes more shareholder friendly. Unfortunately Bailey and management has enough shares that they don't have to do anything they don't want to.
Hey at least management is not selling shares at ridiculously low prices anymore.
Last year the company filed their annual report on the 27th so that is not an issue here. Their ties to the automotive industry for a large chunk of revenue is probably what concerns some. Automotive has been weak for some time and UFPT just keeps pumping out strong bottom line growth. Think there is accumulation going on here and patience on these type of situations will pay off. Just when you get frustrated and sell, the stock will go up a point the next day and start its run towards 10. The key is not to try to bottom fish aggresively and just let the players get what they want and then play the move up.
I just want to clarify that I am not saying I think there will be a delayed filing. I just don't think it is very shareholder friendly to report earnings with a press release, say very little about what is going on with the company, and then wait more than two weeks to put up the 10-k.
I bought this stock about a year ago and sold in late 2007 for right around current levels.
I see in UFPT much of the characteristics that have made my longest holding, LABL, grow from smaller than UFPT to a market cap of over 200 million. The only difference is UFPT has thus far not been able to convert performance into return. I fully believe that long term the market cannot ignore performance. UFPT is in a very competitive industry with very little product differentiation. How certain can you be that performance will not falter somewhat in a struggling economy.