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Innodata Inc. Message Board

  • phildglass phildglass Aug 26, 2013 12:34 PM Flag

    $2.54 - Ouch!

    That breakout must be just around the corner. Any day now it will be on Zach's list of top buys again (but only because the stock is so much cheaper than it used to be...the same reason many other companies headed in the wrong direction get tipped)...

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    • The news isn't getting any better and the stock keeps making new lows. There has been so much turnover in the senior ranks that one has to wonder whether Jack doesn't know how to hire, or perhaps he is the problem, looking for fallguys whenever the need arises. IMHO, Jack is stagnant and doesn't know how to build the business. I just don't understand why the Board keeps him on. What reason do they have to continue to believe in his vision? Anyone care to comment?

      • 1 Reply to indiaisforlovers
      • Could be a combination of things. He's probably been smart enough to have made it very expensive for the company to ditch him; and the board probably doesn't know what else to do. If they ditch him, who else do they bring in? What might that mean for the traditional side of the business? What do they do instead if they call time on IADS? What's the alternative strategy? It's always easier to stick with the way things are and just keep hoping.

2.455-0.045(-1.80%)12:53 PMEDT