RE:RE:RE:RE:RE:RE:RE:RE:RE:Excellent Q3 by PhotonManagement used to do some share buy-backs, but for some reason last year decided to discontinue that practice. They said that it was more beneficial to use the money to grow the company, though so far it is hard to understand the logic there given that the money isn't being used. I have a vague recollection of being told in a conference call a number of years back that the money creates credibility and proof of durability for a small company selling products to semi-conductor companies who embed Photon's products into expensive manufacturing facilities. However, given that most of the customers are repeat clients one would assume this ceases to be all that relevant.
Not sure exactly what the management can do, but I would throw out one suggestion that I haven't yet heard. Maybe they should try returning some of that money to the shareholders in the form of a special dividend. That could get the market's attention.
remyken1509 wrote: Stocker46: great points and I couldn't agree more.
The issue here is that we are in 2020, with record numbers (never seen before) and yet we still are facing the sames liquidity issues as in 2019, 2018 the former being -pardon my language- a real shitty year.
At some point, pundits have to ask themselves the following question:
Is management doing a good job returning value to shareholders? Based on the SP performance today vs outstanding results, I am not so sure.
If the point is to just to grow the company but not to mind markets, than delist the stock and go private or someone will and make an agressive buy out.
Mr Market will simply not wake up one day and say Jeez Photon is the gem in the rough. I've been sleeping the last 3 years. Management needs to knock at its door and send a birthday invitation card so to speak.
Anyways, that's my two cents. I hope you are right and that I'm wrong.