She's getting beaten like Obama in Ukraine. What's going on? They have programmers based in Kiev or something?
Mgt really pasted the buyers of the secondary. But, that's normal for an Israeli company. They use their shareholders as door mats.
Get rid of the idiot CFO. Hire someone with street experience, who knows how to conduct an earnings conference call, someone who speaks in great detail and actually answers questions.
Nice start on the CEO though. Just keep going until you've cleaned house of all the weaklings on the last earnings call, which was just about everyone.
Here's an idea for you to consider on the next conference call .... SPEAK ENGLISH.
Honest to god Bo, read the conference call transcripts. You make absolutely no sense what so ever. Disjointed jargon. I had to laugh and shake my head at the stupidity.
ENGLISH Bo. ENGLISH.
Airbus news is lifting the entire industry today. Give it a little more time, and one or two more earnings announcements, then this POS will finally get flushed into the sewer.
Imagine how much better off LMIA shareholders would be now if Ron had not worked over the last decade. The mkt cap would likely have sprinted well beyond $1 B by now.
1. Ron should have been fired more than a decade ago. His capital allocation skills rival that of a circus clown. His terrible acquisitions have destroyed so much potential here that its an unbelievable travesty. Ron should do his shareholders a huge favor by resigning from the BOD and cutting all ties with the company.
2. Dickinson should have been appointed CEO. If not for him, this would be a $2 stock right now.
3. If not Dickinson as CEO, then LMIA should have been sold. The fact that it wasn't makes me wonder if they tried but could not find a single party, including private equity, that was interested in buying this dog.
4. The timing of a new CEO is a signal that upcoming earnings will absolutely STINK UP THE JOINT. You'd be insane to hold this stock through earnings.
5. There is significantly more turmoil on the horizon. It will be a long, long time before LMIA can be owned again.
Direct competitors to LMIA ... TGI and DCO. TGI announced terrible earnings recently and that stock has been punished badly. Yesterday, DCO announced a huge hit to P&L and it's getting clobbered today.
How? How in the world is LMIA hanging in there at $14? You know another round or two of miserable financial results are coming for this dog of a company. And you know that the stock will be brutally punished. So, why are you holding this thing? That's what you need to be asking yourself if you're long LMIA.
The coming quarterly announcement will be miserable, with a capital M.
New to this company. Just finished reading the latest conference call transcript. One important observation here ... the CFO is weak, pathetic. His responses to questions on the call often made little to no sense. He talks in highly general terms. This man DOES NOT have a grasp on the details of the operations of this business. For god's sake, hire a decent CFO.
I am new to looking at this company. I just finished reading the earnings call transcript from the last call. My god, when did public companies start hiring space cadets as a CFO? This company's CFO is absolutely pathetic. I'm taking a pass on investment, until they hire decent leadership.
Wost product I have ever encountered. Wanted to throw my computer in the trash after 10 maddening hours of trying to make it perform the most basic of functions.
While on the topic of just how idiotic the people are at Microsoft ... why in the world can they NEVER include the things that are most basic of needs? Why? For example ... how about an image resizer? Why can't those idiots bundle a simple image resizer with Windows?
I hate Bill Gates. I hate MSFT. I wish this junk company would go down in flames.
Was fully expecting yet another WSCI cow pie in my XMas stocking. Pleasant surprise.
Must marvel however at how inept these guys are. They indicated they would release earnings at 1 pm Central. Last time I checked, that's 2 pm EST. Couple screws up there:
1. Only inexperienced idiots release earnings while the market is open. Pre or post, not during trading hours. Idiots.
2. Only morons release earnings at the same time as a critical FED decision is announced to the mkt.
3. And only idiotic morons release earnings 40 minutes before they indicated they would.
Which means ... both the CEO and CFO are likely going to be rewarded with massive salary increases and big bonuses. Welcome to corporate America.
Its deadly to trade in an era dominated by computer Algos. They take your money, steal your wife, sell your children into slavery. Computer Algos are especially busy post earnings, when a stock attracts attention. Best to wait for volume to dry up for multiple days before attempting to take a position. Otherwise, you get whipped around. LMIA is now just a play toy of computers gunning against each other. Thats my best guess as to what's going on here right now.
Time Warner. And all other browsing with my desktop top is working without flaw.
On ATT site, can browse just fine in checking current acct status, usage, et al. But, try to upgrade handsets, change service, add lines, et al .... total disaster. Again, blank screens, dead-ends, conflicting information. It's a mess. Simply gave up.
Tried using the ATT website today to upgrade service and phones. Talking about a total disaster. Blank screens, dead ends, conflicting and confusing information, unbelievably slow browsing. Honest to gosh, has the ATT information technology organization been taken over by the US Government Health Care people?
D3 has to be the biggest #$%$ of all time. What a total waste of shareholder wealth. 175 Engineers farmed out to BA at beginning of year. 60 in August, where Ron thought would level out. Down to 27 now. Down to zero by YE. Wow, speaks volumes about the LMIA relationship with BA.
It's worse. To hang on to some of these people, LMIA is trying to absorb them into internal operations. Can you imagine all the travel and relocation costs being absorbed now? Who in their right mind would have thought it wise to buy a consulting/services company that services a highly concentrated industry, where the vast majority of the potential customers are your competitors? My god, the stupidity of this acquisition is absolutely stunning.
Why is Ron still employed? Why are any directors who approved this acquisition not shamed off the BOD?
I'm going to pass around my hat the last week of December. Everyone throw in pocket change and I'll use it to buy out LMIA. It'll be a penny stock by then, so it should be an easy deal.
First order of business after closing the acquisition? ... #$%$ can Ron. He's got to be the most idiotic CEO I've ever witnessed.
Next quarter's report will be more miserable. And soon, we get into concerns as to whether these clowns will be able to pay back the debt they took on to make the latest junk acquisition.
Honestly, why does Ron still have a job? If the BOD had any credibility, they'd have given him the boot before putting out these results.
Actually, I'm shocked that the stock price is holding double digits right now.
Yes. Anticipate heavy tax loss selling may provide a bounce trade opportunity. Especially strong possibility if we can heavy selling next week after earnings results. Still think single digits possible before year-end.
I first discovered this piece of garbage company back in the early 2000s, at $7 a share. Round trip time. That's what happens when you have a CEO who acquires garbage, with ZERO synergies, and massively overpays.
Who in their right mind thinks an design firm serving a highly cyclical industry is a good fit for a manufacturing operation? Especially when the design firm has revenue streams from the manufacturer's competitors.
What about this piece of junk manufacturing consulting operation Ron bought years ago? Yet another terrible acquisition. You simply don't buy businesses that do business with your competitors.
Ron is an idiot when it comes to acquisitions. And LMIA shareholders are paying the price.
This stock is going back to $7, soon.