GREY:ARGEF - Post by User
Comment by
Astrosmithon Apr 25, 2017 3:34pm
292 Views
Post# 26164444
RE:We've heard...
RE:We've heard...Speaking as though this is the same company as the 2014/2015 Argex with the new management is a big ol' red herring.
Al-Naimi did not tank this from 1:45 to 0.03. He saved it from bankruptcy and has basically revived it 2-3x already since his interest/involvement became rumored early last year.
We are seeing execution unfold right in front of us.
Do you rememeber how much cash Roy burned, and raked in for his salary? Yet we have turned this whole boat around on a fraction of the pre-Al-Naimi Argex budget purely due to new management who hasn't asked for a dime in cash and seems to know how to control costs extremely well.
The work done in the last 6 months and next 6 is what matters. Exectution is underway. Lamenting the old company's failures is really out of context here.
I wouldn't be in this stock if I thought for a second it was the same compnay with the same exectution problems that burned us in 2015.