RE:RE:Patience says stock worth 41..his evaluation Trevor876 wrote: I agree. $0.41 is not the fair value any of us expected after being with this company for nearly 2 years. BUT, it's where were are now and it represents a 100% return from the trading price today. Bruce said this past Janaury this is a $0.50 to $0.70 stock then when it was trading in the $0.40 range.
Fast forward one year later, one acqusition that was supposed to at $7 plus million to our income statement later, one sale of a money losing division that was supposed to sure up our bottom line later and we're a $0.20 stock........
Anybody have any idea why we're twice as good a company as we were a year ago but half the stock price?
IMHO it comes down to one thing: all talk, no action.
Proctor coming out two meetings out saying the stock is underpriced is great, but nothing has been done to show efforts in correcting this. It's been a lot of superlatives and no substance. Bloated board, very underwelming sales team, and Mr. Proctor himself is the cause of where we are today. I have tried to take a very optimistic view of the company, but my confidence is waning significantly now, and not even the Linton/Matthews reputation has much clout in changing my view point until the core leadership is changed over. You can't use the same people with lack of vision, passion and foresight and expect different results. Mr. Leboyer on the board is a good thing, but a number of them have to go. But you and I know no one is going to step down and not be replaced to save expenses...Martello has kind of become like a government entity. Clock in. Clock out. Collected fat paycheques. Rinse and repeat.