I've sat quietly listening to a few people question rational input and ideas and I'm not going to sit quietly any longer.
For those of you who believe this stock will EVER get to more than 11.00, more power to you!
I can tell you, until the board is willing to shake up management and clean house of the apathetic and decayed employees taking space at this establishment, the stock and company's performance will continue to underperform.
Everyone knows, I shorted this stock and made some decent cash because I knew there were signs this company was going to tank.
1). Hasty departure of CEO (Two week notice)? PUHLEASE 2). Continuous and rapid decline of margins 3). Increased DSO 4). Sudden departure of CFO (He knew what was happening) 5). Inept management tried to convince shareholders "All is well" 6). Two companies that attributed to a significant amt of business 7). Not mentioned - shady deals that were de-booked (millions)
I am sure a couple of you will call this BS but I can tell you, statistics don't lie (but SGI executives do).