Since Spidey's trying to do his/her Pom-Pom dance to bump up the share price, the same question remains: where are these darn contracts?? Plain and simple, the market does not lie. It was trying to hold a base in the upper 40s but as soon as the crickets became more apparent this week from Buck's End of Q2 deadline for contract announcements, the market answered with its interpretation of it. Can't believe Spidey's still spewing out the manipulation sh*t, not to mention the shorts argument...LOOL! Doesn't take a genius to check the last short report (6/21) to see there was only 213K in short shares, but delirious Spidey can believe what he/she wants. Curious to see what the next report will have but can't imagine it'll be north of 500K (or at worst not by a significant amount). Wait for 40 cents if you want to add (200 day moving average). I know I'll waive the white flag if it fails to hold.
They need to start communicating to the market their updates, obviously their old approach with communcation did not work (aside from a 2 month run), they just need to listen to what the market wants plain and simple. And let me tell ya, these corny "Meet the Team" videos clearly isn't cutting it.
I've seen quoted deadlines from management, a typical contract timeline for US Governments and everything in between, but the one thing I and the rest of the market has yet to see is new contracts to SUSTAIN THE NUMBERS! It's that simple, as I will say for the 40th and last time, MARKETS ARE FORWARD LOOKING!!
So don't take it from a helium head, take it from practicality and listening to the market. They want to hear how MRS can prove they can put up those numbers in a post-pandemic world, have consistent contract flow across all their entities, potentially new branding and just overall better communication. What they don't want to hear is delirious $5-$10 price targets in a 6 month timespan... that being said, IF contract newsflow is there, then we can assuredly say these prices are absolute fire sales, but until they can prove the numbers they put up last year are not a one-off Q3 and onwards, this is not going anywhere.
So screw the cheerleading sh*t, it's not helping any of us make money. Let's collectively give IR a shout and give them a piece of our minds because I'm not at all a fan of being left in the dark.