Post by
withoutabias on Mar 25, 2015 6:53pm
$ 5 IN 5 YEARS?
In 2010, after "Levesque Revolution" (total board shake up) I thought that $4 to $ 5 by 2015 was a reasonable target. And where are we today? $0.30! We are all "losers" The progress was stalled in 2012 by All Group putsch. My prediction, made here, did materialize. I was able to buy back my stock at $0.40, making a little money in the process. And I joined the rest of you, "losers".
Obviuosly, we are going to have some changes at the board lebel again. Hopefully Luciani and O'Reilly at least will be gone. Serious look has to be taken at the CEO role in this company. King James treats Nordex as his personal fifdom, and that without owning a significant stake in the company. Has he converted significant growth in Nordex sales into new positions for his friends ? Have his friends already working at Nordex been given substantial raises? We should have super profit numbers for the last quarter. If we don't a lot of clean up is still needed.
Ironically, I still believe that Nordex can go to $4-5 in 5 years. However, that only will happen if Zuckers et al make siginificant changes in operation of this company.
And if Bruziewicz vision for Nordex can be resurected we may even go much higher, into the $10 -20 range.
That's my humble opinion.