RE:Running out of timetweedx wrote:
We all know, including the shorts, that the time to buy is now. The more they try to knock Taat down the more convinced I am that Taat is a winner.
tweedx, you have a lot to learn. There is no evidence that now is the time to buy and hold TAAT for the longterm. Posters were not trying to knock TAAT down. They were simply pointing out the facts and the truth which you missed. I believe the time to buy is coming soon but I won't be holding longterm because TAAT has not YET overcome it's many problems but the irrational exuberance crowd will be buying and pushing the SP higher but the rally will be temporary this time. I'm ready. Watch and learn
TAAT has had a terrible year financially that started August 27. 2021 when TAAT hit the $5.00 high then rolled over into a long downtrend that is not over yet. The recent Financials reveal just how poorly Management ran the company the company in the last 6 Qtrs. It doesn't get much uglier and that is why the SP is at $0.94 now. You can argue that TAAT was signing up...are might soon sign up.... new distribution customers but they did that with unacceptable financial costs and questionable Trade payment terms..
History tells us that very few companies recover after a year like TAAT just had. Don't forget that Saxon was advising Management on strategy since November 2020 so TAAT's financial downfall happened on his watch. TAAT management made several strategic errors and Saxon was involved so I am not so sure Saxon is the right person to lead a TAAT turnaround. I agree that the people who are "Running out of time" is Saxon and his Management team.
Time will tell.
Regardless, I'll be making the "appropriate" trade whatever happens to the SP next week.