Herbert has made a lot of money over the years by betting against his own management abilities.
"What? I'm the President of this company? SELL!"
And his selling was a good move every time! The stock has gone down by 99% during his tenure as President!
Boondoggle time! Presenting at an investor conference in....Laguna Beach! Woot woot!
So what if the company is still cash flow negative and keeps going deeper into debt...Laguna Beach is calling!
The real question is what the management and board insiders think of the one year $4.50 price target. We can tell what they think about it from their insider buying or lack thereof. If they really thought the stock would more than double in the next year, they'd be buying big. They aren't.
Oh well, the bashers may be skeptical, but at least Herbert is "excited." It's great to see his confidence reflected in his insider buying. Oh, wait...
I'm surprised Herbert hasn't been able to get the stock any higher over the past year. After all, he's got a good track record of value creation. Oh, wait...
Up 2.9% today. Fantastic! Too bad the stock is down 7.5% over the past year in spite of 50% more customers! What could they possibly be doing wrong?
It's already caught up to the shareholders. The stock is down 98+% during Herbert's tenure as President. He himself has taken home a tidy bundle during his 14-year Presidency, but the endless negative cash flow has certainly crushed the stock.
Yeah, jipa. Keep trying. Bodee is proving you wrong. The stock is up today. It has gone from 98.8% down since Herbert was named President to 98.77% down since Herbert was named President. So, yeah, bodee really showed you.
Does Stephen Herbert the Board Member have any obligation to hold Stephen Herbert the Executive accountable for his 18-year track record at the company?
It's easy to tell if the transition to chip cards is a problem or not.
Just look for insider buying. If Herbert buys 500,000 shares of usat stock, then clearly he believes that the transition to chip cards is not a big concern.
Doug Lurio is also a big follower of technology trends in cashless vending. Watch whether or not he buys a lot of usat.
Keep your eyes on management! They know more than anyone about this company's prospects, and they invest (or not) accordingly!
When Herbert buys 500,000 shares, then you KNOW this company is going to take off!
Don't listen to the bashers. Just follow management and you'll know which way the stock is headed.
For most of his 18 years at USAT, Stephen Herbert has been a seller of the stock. He has sold millions of dollars worth, and, sure enough, he was right. The stock price is down 99% from its highs. When Herbert starts BUYING millions of dollars of USAT stock, THEN you'll know that he actually believes the future is bright!
Ignore the bashers! Just focus on the insider buying. That will tell you when the time is right for big gains!
Uh oh. Sounds like USAT will need to spend a fortune (again) "jumpstarting" replacement terminals.
What to do? What to do?
How about more dilutive equity offerings and increased debt? Anything to keep the money flowing into Herbert's retirement account. The shareholders exist to finance his lifestyle.
Slvfx, fat, drunk, and stupid is no way to go through life!
I can't understand this incomprehensible sentence: "show me one but wait a minute excuse a whole industry"
Are you saying that your examples of worse track records are "the wannabes" that usat supposedly beat out? No no no. BUYING connections with shareholder funds and then crowing about having more connections isn't what I'm asking about.
I'm asking: can you or any other basher identify a single company President in ANY company who still has his job after 14 consecutive years of losses? can you or any other basher identify a single company still in existence after 22 consecutive years of losses?
It's hard to hold on to the fiction that Herbert has done a great job if you can't identify a single company President who has done a worse job!
slvfx, USAT is yet to have a single year when it brings in more cash than it spends. Until that happens, it's the pumpers who are grasping at straws.
You cite lots of news about growth etc. to try to convince people that this company MAY someday have a year when cash inflows exceed cash outflows. But you are the one grasping at straws. You are asking people to trust that the future will be different than the present. The bashers are just making factual statements about the CURRENT REALITY.
The current reality is, USAT doesn't bring in as much cash as it SPENDS. It never has.
If you really want people to think that USAT and Herbert are winners, then I challenge you to find a SINGLE AMERICAN EXECUTIVE or a SINGLE AMERICAN COMPANY outside biotech with a longer track record of losses.
If you can't identify an executive or company WORSE than USAT, then by definition USAT is not a great company.
People who think that "their tech" is spelled "there tech" obviously lack the brain power to have sensible stock opinions. Case in point: slvfx. Bullish on USAT from $400 all the way down to $2.
"Far ahead of anyone else in the industry."
Hmmm. And yet they can't seem to make any money, in spite of 22 years of trying.
And management seems to have no interest in buying stock in this wonderful company!
Slvfx, what is the matter with you? Are you blind and dumb? USAT is special, but not in a good way. USAT is a company whose executives lost money for shareholders every year for more than 20 years straight! Did this cost the long-time President and COO his job? It would have at any normal company. But not at USAT.
Do you seriously think that "fifth vend free" is going to turn things around for the gang that couldn't shoot straight?
You keep saying that your friends have done a good job. But compared to every other company in America, that is simply not true. There are hardly any other companies in existence who have lost money so consistently for so many years.
"Verizon doesn't team up with just anybody." Are you serious?? Are you claiming that Verizon sees something special in Herbert and the crew? That Verizon is drawn to the professionalism of the most consistent money-losers in American business?
slvfx, how can you keep clinging to your insane belief that your cronies have done a good job?
You proudly tell us that no-one has competed with usat in a major way. How nice! And how did your friends do when they had the market to themselves with no competition? They lost $200 million of other people's money and the stock price plunged 99%.
If they lost that much money with NO competition, imagine how painful it will be now that they actually have to compete--against homegrown solutions and against competitors who are clearly undeterred by your precious patents.