Well it has now been about six months since the miracle man took over at EXH.
Since then we have had to hear about the Brad bromance and a bunch of hype.
What has changed? Nothing Where are the big re-org changes? Non-existent Where has the miracle man made great changes? Don't see them Where has the Toad gone? Was he just a paid stock hyper? Hey did you notice the big change on the website? Big deal
The stock continues to lose value each month. The honeymoon is over and reality has set in. This is a company that failed at a merger and has no direction. Can you believe the softball questions tossed to the lack of leadership team on the earnings calls. Was the price of the stock suppose to double with Mark Sotir said in a earnings call "I want to say EXH has a lot of potential." What a joke.
I was the closest to being right. I said it would go back below $10 and I am only 1.5 months and 90 cents off. It will get there.
EXH success or failure is driven by the price of gas. Low gas prices = low stock price.
Don't expect the miracle man to turn a sows ear into a silk purse. As I said Brad is nothing more than just the 3rd CEO after a failed merger.
Nakatoad does fail to mention that in Dec 2011, Brad rode the stock down under $8.50 for only the second time in the company's short history. I guess we all forget that Brad was part of the Management Team that drove the stock from $80 to its current $12, a drop of over 85% of the value of the company. Those are minor details that Dorkatoad does not want to talk about.
What about the Corporate Bond Rating - Downgraded to Junk Bond Status a few weeks ago.