RE:RE:The possible reverse split I've warmed up to it. Often a r/s is a sign of trouble, as in trying to maintain a listing for a company going downhill. Bomber is going uphill, they just have too many shares leftover from their days as a failed conglomerate. Sounds like they have their pulse on what the tutes want, so, give it to them now instead of organically much later, then hit 'em hard with the successful turn around story to get a lot more of em to buy in. It's time.
Acuras1 wrote:
Many were surprised by the RS anouncement. My first thought was: why now?
Looking at recent institutional ownership sitting in the low teens (12.2%) it is easy to conclude some still see a lot of risks ahead. However, if the next few quarters continue at the pace we've seen along with continued orders, I believe investor interest will continue to rise along with price.
In the near to medium term, I suggest that raising institutional ownership is a required element to raise share price. Right now the pros are just playing ping pong with the shares while shaving nickels and dimes off their little trades. Watching this I'm slowly starting to warm up to the idea of a RS to make the share price more palatable / attractive to the institutional side.
Management is required to deliver some solid numbers and show they can grow the business even further over the next 2 - 3 years. Growing profits is the recipe to keep the shorts away!
GLTA