Alas, SDIX investors are left holding their d*cks again. What once was a food safety company is now barely a company at all.
Remember the good old days? Remember the quarterly calls when Birkmeyer would trumpet the next big thing, only to never speak of it again? And what about Matthew Knight? I think he tried, but this company has never seemed to have direction, as if searching for a mission.
Remember how terrorism was going to be big for the food testing business, how the Katrina disaster was going to boost the water testing business, how ethanol production was going to be huge in testing for mycotoxins? Remember when the company incorrectly accounted for work in progress, and how they missed important filing deadlines, had to restate previous years’ results and were ultimately delisted for several months? Those were the days!
I personally miss the heated discussions between eternal optimist (read: head in clouds/head in sand) StevieThePatriot and realist Gabby as they argued whether SDIX would see $5 or $1 first (you win, Gabby). Poor Stevie was going to own a double-digit stock and would ride off into the sunset with Gabby on his arm one day. Haven’t heard from him in a couple of years.
And now that it’s all gone, it appears this plan of liquidation has been in place for a long time as the company shopped it parts on the street. The water testing business was sold to Germany’s Modern Water for $5.5MM, and Romer recently bought the food safety testing business for $13.5MM. One must ask what was intended for the GAT segment if the chief scientist brought in the shepherd the project was shown the door. And what are the prospects for this division when Becton Dickinson tears out your heart and eats it in front of you? Not good.
Surely this company cannot remain public. Was all this part of the long range plan by Becker, et al, to get out from under – to go private or simply sell the GAT business and walk away? We should know soon.
So there you go, bag holders, it’s over – time to find another #$%$ little penny stock to put your ill-founded faith in so you can dream big once again. Perhaps some will have learned, however, that while quality costs more, there’s a whole lot less risk and more return over time.
Good luck to all.
Re: 15 posts on 8/24, it appears that the SDIX message board has been highjacked by one or more posters that:
have no profiles, are using phoney 'real' names, all joined in July 2009, have never posted here before and whose previous posts in other message boards are to tout stocks, newsletters, web sites, to feed/start rumors, and to otherwise pump and dump cheap stocks.
Just sayin'. BEWARE!
ShortOfABrain wrote: "Put a 20x multiple on 2010 earnings and this is a $16 stock."
What's a 20x multiple got to do with anything? The market has been comfortable with a 30+ P/E for a couple of years now (your opinion notwithstanding).
So keep shorting, jerkwad. Perhaps your fantasy will come true.
In the meantime, strong support and subsequent rallies are built upon the short covering of fools like you, while the rest of us laugh knowing your ignorance/hubris is costing you money.
Shorting Neogen is a real 'no brainer'--well suited to your kind.
Today is ‘quad witching’ day and portfolios everywhere are being rebalanced. Neogen is in several S&P indices, so it's easily buffeted by big volume and has nothing to do with the market's perception of the company.
What a pity when those with so little knowledge of the market pontificate as if they do, i.e., "An empty wagon rattles the loudest."
P.S. ". . . a company with poor cash flow . . ."? You reveal your ignorance of the company once again. Henceforth, you shall be known as Short Of A BRAIN!
Your posts to this message board paint you as a whiney little piss ant who desperately needs a hobby. The rants of a two-year old in a stock forum do not impress.
First, insiders have many legitimate personal reasons for selling stock that do not have anything to do with the company's future prospects. If you believe there is a correlation between insider selling and Neogen's future stock price, prove it. (Are you paranoid, or just mad at the world in general?)
Regarding the stock's beta, the beta of .5 on CNBC.com which you chose to cite is no more accurate than the 2.26 beta reported on Yahoo! Finance. The real number is more like the .86 on Google Finance or MSN Money's .88 or Hoover's .9 (all fine numbers). This was either poor research on your part or a willful disregard for accuracy in order to make a point (WMDs anyone?). Either way, you render your constant complaints even less valid, and that makes you even MORE ANNOYING.
Further, a beta number is calculated on a trailing 60-month performance compared with the S&P 500 and is not relevant in day-to-day comparisons as you ridiculously assert.
Also, at $20, you predicted an imminent crash, and now, four months later, the stock is up another 10-15% and you're STILL BITCHING!?
If you are as unhappy as you say, why do you continue to hold stock in a company whose management you obviously hate?, (and, more importantly, why do you burden US with your crappy attitude?). As Tony Robbins says, �If you don�t like your situation, CHANGE IT!�
The bottom line is this: 1) You apparently have got a hard-on for management to the point of blind obsession, and 2) You love to hear yourself talk--even if it's through your own hat.
Dude, get a hobby or get laid or get some meds or, better yet, get some professional help before your head explodes.