Post by
materialsgirl on Aug 22, 2017 10:00am
Emotions drive share prices
Risk on Risk off chatter is about investor sentiment and emotions.
In spite of this, rational hard core logic tends to prevail over time; mining companies, drug companies, oil and gas, fashion retailers, everything.
Companies tend to spew out good news for a while and then this type of news fades and bad news takes over.
AXY is different. It never tried to fool us with good news. For 30 Quarters in a row, we got mostly horrible news each time with one or two mediocre Quarters. Consistency has been a hallmark of AXY. Yes, the consistency has been horrible BUT consistent nonetheless.
AXY has broadcast lots of good news but only in press releases and only about the future. All the good news, financially speaking, were simply made-up tales.
Yet, like a dying patient with terminal cancer, many AXY shareholders, are optimistic about a cure.
I do not expect a cure anytime soon. And over the past 5 years, AXY has delivered in line with my expectations. I could detect as far back as 5 years ago a disdain for the needs of shareholders.
A big problem is that the founder should be turfed out due to bad performance. Almost everyone would agree. He is a rich man and not an evil man but he has lots of money and AXY is more like a hobby for him. He is not hungry.
Yet, nobody will initiate a scheme to dethrone him. Pity. Or as Trump might end a twitter comment;
SAD!
Gentlemen. Good news is not on the horizon. It may come in 3 to 6 years. Maybe. But not anytime soon unless Mr. Beaty is turfed.
mat
Comment by
Copperstocks on Aug 23, 2017 7:30pm
This MAT clown should just sell if he is so displeased with the company. Move on and stop whining.
Comment by
Seldomseen on Sep 07, 2017 2:19pm
This post has been removed in accordance with Community Policy
Comment by
Seldomseen on Sep 07, 2017 2:28pm
This post has been removed in accordance with Community Policy