I would critize the company's pr dept. or lack thereof. This stock has gone from 8 to 5 on no news without one friggin word from management. Thats pathetic. They still have a ton of cash, why no buybacks? If you think their silence has nothing to do with the stock's price you're mistaken. Bum rush IR with complaints. Good luck all
As this stock does not pay dividends the only reason to own the stock is if you feel that it will appreciate because the management has been able to make the company more valuable. Buying back stock would simply lower current assets through a reduction in cash. This would make the financial statements look worse and hurt the ratios that investors look at to decide if they should invest or loan money. This would only serve to lower the value of the company and have a negative effect on the stock price in the medium term. In these hard economic times the cash on the books is better. More importantly, it�s about time that companies focus on building value and stop making all decisions based on the short-term stock price. If they build the company in to a profit-generating machine the stock price should follow.
As for the lack of PR, as owners of the company, any you should be kept apprised of the business operations and future plans quarterly reports and conference calls and though 8k disclosures for unexpected material economic events. The lack of press releases coming over Reuters and others can only be interpreted as a lack of big sales or new products as this is the vehicle for announcing such events. Its really not a place to comment on the confidence management has in the on-going concern of the company. It would be counter productive anyway. Would you invest in a company that puts out a press release stating �don�t worry everything is fine.� That would be like an airline pilot getting on the PA system and telling everyone �don�t worry there are no mechanical problems or bombs on the plane�. Talk about inciting fear.
why don't the execs buy their own stock at this price? they already own too much through options and espp. why would you want to bog down your personal portfolio with this dog? didn't anyone learn anything in the last year?
why doesn't rsys buy back their own stock, they have lots of cash? seems to me either they are worried about the future and want to maintain liquidity, OR someone is courting and they have agreed to postpone any serious moves until the due diligence is done. just a thought.
Birdy dog (cute name), you are overlooking the facts. Holding options is free .. this is no financial commitment. None of the executive people except the ex-Doc hold any meaningful amount of stock. See the DEF14 on Edgar for the facts. Also see the insider trading list...only one executive person executed a stock option in 2002, and he or she sold it immediately at 19 dollars!!! I stick to my point that the executive people there have no stake in the company. OK, but now they don't think 5 dollars is a steal? MR