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Crossroads Systems, Inc. Message Board

  • bridgejumper08 bridgejumper08 Dec 20, 2012 4:12 PM Flag

    Rough Qtr

    I guess the market slide indicated bad news and it arrived!

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    • No pot of gold at end of CRDS FY 12 rainbow--StrongBox revenue ramp is taking time and sales/marketing effort and expense. Iron Mountain Beta testing in '13 will not add to profitability (yet). Longer term, CRDS is building a recurring revenue stream and broad-based demand for a suite of company products. If SB remains best-of-breed, very good things should still be happening. Disclosure: Long (and underwater) 30K shares.

      Sentiment: Hold

      • 1 Reply to brass_cannon
      • brass_cannon

        There may not be a pot of any kind if current equity pricing continues dramatic downturn.
        since November 14... a short 5 weeks ago, Market Cap has lost $13.0M... a loss of 32%.
        imagine CRDS will be competing with QTM pricing soon enough; around $1.25 UNLESS
        market receives DRAMATIC and POSITIVE NEWS, SOON! Major new clients? Management
        Change? New BOARD? Added operational moneys?

        Company breathing with help from Iron Mountain. Recall that IM paid over $5 per share and have already LOST 60% of their investment in a VERY SHORT period of time.

        Fiscal Cliff concern? CRDS seems to be jumping from the SIMS "rocket" without a chute.

3.42-0.23(-6.30%)Oct 21 3:59 PMEDT