Geruson will play a major part in turning this stock around A new set of eyeballs on the board will offer a fresh perspective to the current state of the union management has been challenged with. Geruson, now being exposed to the projects underway, the potentials generated from the trade shows, and the vision of the team, should begin picking apart the details and offering suggestions and changes.
His background with Lexmark proves he can add valueable insights which can take DoubleTake to market in a more timely fashion than the current NXO team. At Lexmark he streamlined the supply chain, including components/parts for their optical systems, and headed up the biggest product launch in its history. As a result, the sales growth of their hardware was the best in over a decade.
He knows how a tight ship should be run. He reduced inventory, fixed their debt, and doubled their earnings.
He also knows how to make deals. During his tenure at Lexmark he landed new major OEM channel partners.
And that is just what he did with Lexmark. There is also Phoenix Technologies, which produces firmware for PCs, tablets, and embedded IoT devices. As the CEO, he grew that business 20% for six straight years, then sold it to HP for a killing!
VoiceSignal - same thing! As CEO he built this company, which pioneered Voice Recognition Software for mobile phones, increased its market cap by 1000%, and sold the company for 12x revenues!
Mr. Geruson will play a major part in turning this stock around. If you have capulated and sold your shares on this news, better hide in the bushes and watch. If you've used this buying opportunity to pick up shares, good on you. It will pay off big time later this year!