RE:RE:Some things don't seem to change Amen Timescape. We need to believe PYR's CEO that all business lines are progressing nicely. His latest NR, responding to the silly sp drop this week, was that everything material to this point had been disclosed. He also added the following:
The board believes the company is in the strongest position it has ever been with (i) a backlog at historical levels, (ii) a pipeline that is growing exponentially, and (iii) a clean balance sheet which, as of today, posts cash-on-hand in excess of $27.5M. TimeScape wrote: All the complaining about the price falling back is because people have such a short term focus. Best approach to make significant money in stocks is to buy companies that have good growth prospects, and hold on to them for years, unless something fundamental changes. The week to week or month to month price fluctuations are irrelevant. If you owned a business and had a bad day or bad week are you going to sell your company? Of course not. Now, if a major competitor moves in next door and undercuts your prices, and they have deep pockets, then maybe you would, because something fundamental has changed. PYR has several high upside businesses that they are in the process of developing. It will take years for this all to play out. Years. If things go well, the stock could be $100 or more 5-7 years from now. Who cares what it does today or tomorrow? The ultimate success of the company is not based on the current share price, it's based on the progress the company makes in developing it's business lines. As long as those are going well, that's what matters.