No pot of gold at end of CRDS FY 12 rainbow--StrongBox revenue ramp is taking time and sales/marketing effort and expense. Iron Mountain Beta testing in '13 will not add to profitability (yet). Longer term, CRDS is building a recurring revenue stream and broad-based demand for a suite of company products. If SB remains best-of-breed, very good things should still be happening. Disclosure: Long (and underwater) 30K shares.
There may not be a pot of any kind if current equity pricing continues dramatic downturn.
since November 14... a short 5 weeks ago, Market Cap has lost $13.0M... a loss of 32%.
imagine CRDS will be competing with QTM pricing soon enough; around $1.25 UNLESS
market receives DRAMATIC and POSITIVE NEWS, SOON! Major new clients? Management
Change? New BOARD? Added operational moneys?
Company breathing with help from Iron Mountain. Recall that IM paid over $5 per share and have already LOST 60% of their investment in a VERY SHORT period of time.
Fiscal Cliff concern? CRDS seems to be jumping from the SIMS "rocket" without a chute.