If they would fill some of that backlog in addition 4 to 5 month lead time on materials is totally unacceptable. There is a little thing called "Just in time". Sounds like CPST is in the stone age as to its manufacturing process if it's suppliers need4 to 5 months lol.
stern, I agree that DJ did a great job when he took over. However, this really hasn't shown up in the pps long term from his start. Also he had the skill set at the start, however he is now at a point he is over his head or skill level, to move the company to the next level, profitability. That happens to CEO's. He is just sticking around too long, but understandingly so, I would too getting paid his salary and stock options. IMHO he is just waiting to see what kind of severance he can get, then he will move on. Or he'll get forced out by a private equity activist. If I were him I would want to leave on my terms, not on those. The facts are the facts and it is all in the financials...., thus he knows he needs to step down for the good of the company and its shareholders. He knows this.
You can repeat all you want but the fact the company issues more shares to dilute the share holder further and can not make any money when this backlog is booked tells the real story. It is a race to the bottom.
Pumper Puppets, can you post that a few more times? Are they sold at a Profit? Hmmm, what is wrong here? Who are these Pumper Puppets,,,. DJ?
haha, how can anyone argue with you on this post renee, but you get more thumbs down for saying the obvious that any, any long would stand behind you on. That's is any real Long term holder that understands their responsibility as an owner of CPST, which for those of you out there that own shares..., that means you.
Thanks, for the support but you do realize that for every seller there is a buyer and the only reason why a stock goes up or down is when they both can not match on price. That is where the MM comes in to find a match and push the price either way on the bid and ask. But in the end of the day the owners of the shares remain the same as to the shares traded. Thus the word "TRADE". By the way I can not match the Pumper Puppets posts, DJ has a good crew for this task. However, if you are truly a long, are you happy with this managements team non performance? Remembering that they have yet do deliver a profit for you and also remembering that one can build a backorder list, build and deliver products, but are they actually selling them at a profit? It seems to me that right now DJ and team are making money, but only for them..., wouldn't you like to make money on your investment? If all these new order prs are so good then why hasn't the share price moves? It is all about creditability and DJ lacks that too as far as wallstreet is concerned, or you would see a higher pps.
Don't be a Pumper Puppet longs, speak up and let DJ know how much you are disappointed in him. His time is running out IMHO.
Anytime PSEC trades below its NAV/BV, it is a great opportunity to make money. However PSEC is the best in class of BDC's and deserves a premium to NAV. Watch and learn everyone as PSEC will again as it has in the past trade at this premium. The premium should be at 1.07 to 1.10 of NAV ..., now that is money in the bank IMHO. So sellers..., please continue to sell giving the smart money more shares to buy. Thanks!
He can say what he wants. Talk is cheap. Now lets see results..., don't hold your breath. Just think how wild the Pumper Puppets will get if, IF DJ were to ever show even a penny profit. IMHO this company should be showing dollars per share in profits with all the clean energy promotions going on from our governments push. But no DJ can't get the job done. Sad, very sad.
Signed: frustrated long term shareholder.
It is all shareholders responsibility to do what you say. True the larger holders have the clout, but if well organized, smaller shareholders can force change too. And we sure need management changes for our investment benefit in CPST.
Not a short my friend, has nothing to do with shorting. Unfortunately you just don't understand investing and managements responsibility to its shareholders. I am a long time holder and care very much about my investment and want the company to be run right. I don't like when people believe "well if you don't like it sell". I am about responsibility and holding management accountable.
I expect to see some Law Suits soon from large shareholders because of the lack of commitment of management working in the best interest of shareholders. Or a "White Night" Activist Private Equity firm to come in and shake up the company. This would help I think, all of us IMHO.