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Imation Corp. Message Board

  • longtimefollower longtimefollower Feb 13, 2013 8:57 AM Flag

    Devastating earnings report. $3...or less...is on the way.

    I might consider buying at $2.00 now....but only for a dead cat bounce.

    These idiots saw their main business collapsing, and decided to "throw cash" at a new one. When they should have focused on selling or liquidating the entire company.

    Eventually, it will take a few more years, but this thing is going straight to zero.

    And all the remaining goodwill and intangibles, for the stupid acquisition they made, will be written off by the end of this calendar year, I'm guessing.

    Half-baked strategies lead to devastating results. This is the beginning of the end, in a seemingly never-ending saga of management incompetence, and hubris.

    Sentiment: Strong Sell

 
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