Hello folks! I've been following NXTM for awhile now and hold a small position. I've been thinking about averaging down and would like to know what you all think about the share price at these levels. Is around $2 pretty much the bottom for the stock in your opinion?
I was encouraged by the UK distribution deal and the margin improvements but I'm not sure I totally trust management anymore.
And did anyone hear the current patient count on the conference call? I was listening but had several distractions and missed the number if they told.
Any thoughtful comments would be appreciated. Thanks!
Hi I have talked with my brother who is a chief certified financial anylyst. I explained to him that nxtm has been losing less money every quarter but that does not to interest the public. Why not? His response is that the market wants profits and not what could be profits down the road. He stated if I like it then start accumalting positions at these levels and be prepared to hold on for nine months to a year before you would start to see some positive movement.
Great product, poor management. They do not have the infrastructure (resources and IT tools) to deal with the business they have. Going international will be a nightmare. The only hope a stock holder has is that they got bought by a bigger company that actually has the tools and people to support the business.