RE:RE:Seeking Alpha write up/analysis Ciao wrote: Great find, thanks for posting.
I can agree with most of what is said in the article, esp. this;
"The market has not yet priced in sustained profitable growth, despite impressive recent results."
but there are a lot of other statements,
both on the positive and negative that I question.
So a couple of things here to mull over. A very unbiased write up on the company, that quite honestly has not left me feeling warm and fuzzy. It is however another opinion that does make a person wonder about the down size risk versus the up side.
Timing is perfect, as we continue watch the stock price pullback, once again lack of news to follow the last run up is happening again. Daily trading volume is in the pooper, lack of sustained momentum has once again disappeared.
Doug has been and no doubt will continue to be steadfast and patient with his strategies to grow his company. However it does not mean that the institutional or retail investors share that patience and his vision. They will pass on the opportunity and some retail investors will grow tired and sell. Doug could careless, it is the reality of investing in microcap companies.
Is it frustrating? As a long time shareholder, your darn rights it is. It takes more time than we think to build a solid company. I didn't think Doug over promised, according to this article he has. First to market is critical with product, as they can and do get copied, walking the patent process is a fine line and does get side stepped.
Why is the market not paying proper valuation of this company? Some reason's were stated in the article, whether or not we agree matters, however today the stock is worth a dissapointing $.60 centish price. The frustrating pattern continues, 3 steps forward and 2 back. In my view based on business today, we should be trading at at least a buck.
The reality is that we are not and it would seem today that more time and patience are required, a statement echoed a lot in the past with GateKeeper. Each of us will make our own choice, possibly forced on us by the market.