Someone said this at $44 when they missed last quarter. Park must be paying you
The only problem is high valuation. For a camera maker with no dividend should be performed of 10. You can do the math. This assumes sales will not slow down in future
It's obviously not ready. And they are 7-8 months behind the market
This means Park is disrespecting the holders of the other millions of shares implying $31 from yesterday was over valued and that he doesn't think a higher price would do good for new buyers. Park is saying company shares are not going to the moon anytime soon and current stock holders paid too much.
Don't panic? It's a disaster because the attack was at 39 when they announced it. Either insiders knew of the 29 price because the stick has dropped a lot in a week. Most holders wishing it would be 38 39
The stock has never traded under $29.50 its entire life the 4.5 months since IPO. Is he telling something to current holders of the stock??