Somebody told today that RS may replace SR at Fio. They say the BOD was very impressed at the way RS took on the challenge at OCZ. He didn't waste any time showing the real value of OCZ and protecting the shareholders interest while he burned through all the cash and inventory in less then a year. Now the BK court would even entertain a bonus while he is still getting paid as CEO is the utmost chuztbah. What is he getting paid for while he is there except for the fact that he destroyed the value for shareholders and drove the company into the ground with his incompetence. This sets up another lawsuit if this happens. It will be interesting to see what develops.
HOV cc was good. Things are on the upswing. Good numbers all the way around. These Analysts get hung up on the 1st quarter but bottom line is that this company has got there s---t together to move forward and overall to be profitable for 2014. Time to buy more. I can see at least 9 by year end 2014.
That is the question. I have owned this stock for well over a year and to be frank , it has been the worst experience I ever had with a stock. New Management has been at best lackluster and now seeing this stock into single digits makes me feel that all the hype from management past and present was only a temporary driver when this stock would fluctuate in a day almost 2 points from the bottom to the top. Even with the high margins they cannot make a profit. I am perplexed as to what it would take for this company to make money. Now with a downturn in revenue from projections that were given a year ago it looks to me that competition is cutting and will cut into future revenues and profits. And now with Robinson indicating that growth will come with reduced margins how in the world is FIO going to grow and make a profit. I really do not think that management has not been up front to the shareholders and if they had major wins have not conveyed that
to the market. You listen to these guys on the CC"S and after all the big words where you would think they really know what they are doing as you go through the numbers you ask yourself why haven't they takem steps by lowering some R & D and expenses to at least show the financial world that they really want to show a profit. All they do is come up with excuse after excuse as to the y"s but no answers. If they do 110 million for the quarter at 55% plus you would think that they can show a profit but they don't. I think guys like Robinson is like the a Ralph Schmid of OCZ and have no ideas as to how to show a profit. Look what has happened to OCZ. They ate up all there cash and good inventory , left their niche market w/o having an alternative that worked in place , all within 9 months and now BK. None of these guys are businessmen .
and wouldn't know how to show a profit no matter what numbers the company comes in with. In short clueless. I think FIO is broken now and the BOD needs to bring in a no bs guy