And, how many shares has Heartland dumped? What does Mercury see that hasn't already been seen? It has been said, every stock has it's day in the sun. For LTRX how, when, and why?
At some point the guy at the top needs to take responsibility. I am still long but I confess I totally missed the short term set back. It is disappointing that other companies of similar size and business are charging ahead even in difficult economic environment while KEM struggles to hold the line. Yet, patience will eventually pay off big time. One of the best buying opportunities around.
A few years ago it was a bad economy. Now weakness in Europe. Companies all over the map and in all industries have doubled and tripled while these people tread water. And what's up with opening an office in China. Good heavens, is the US not big enough to turn a profit. I also think California is an extra weight for any company.
I know a number of people in the Precious Metal industry, Auto sales, insurance...they produce, they have to. No production, no pay, no job. People have come and gone at Lantronix, most of them were paid well. Shareholders have taken a royal beating. Company is king of excuses.
Five years of dead money makes this the worse investing decision in 20 years of investing. I hope they do slightly better this report for a bump in pps so I can dump shares. If not I am going to sell the heck out of this and drive it back to 1.70.
If these people had to sell autos or insurance on commission basis they would starve. As it is, the board and employees have their hands in the pot but shareholders lose. Been going on now 5 plus years. And we all keep thinking or saying, another product, another six months ect.
Disappointing that it lost two thirds of its value and can't get past 6. The only ones who made significant money are those who sold when it was 10 plus or bought when it was sub 4.
I am sick of the excuse for a publically traded stock. People say if you don't like it sell. Try selling 40,000 shares of this non liquid dog. Fugi says he would like 3+. No one would invest and be around this long for 3+. This is not micro cap investing. All longs are losers for anything less than 10. The risk reward profile here has been the worse I have ever seen for a seven year period. The state of California alone puts the risk of this thing through the roof.