Post by
EdmondScott on Jul 03, 2012 4:01pm
The Piggies of Webtech
I realize that Uranium is pulling our collective legs re: Webtech's geniuses - but I took the time to look through their financials for the last several years - it appears that Webtech has NEVER made a profit and management seems to hide behind EBITDA - not a very good way to analyze a company. What's even more amazing - if Nextbus's considerable profits/cashflow weren't counted, Webtech would be deep deep in the hole. It feels like WebTech is a criminal enterprise - that it only exists to pay the exorbitant salaries of its execs and the exorbitantly high directors fees. If capitalism ever falls it will be because of pigs like those at webtech feeding at the trough of greed.
Comment by
scanner5 on Jul 04, 2012 7:11am
This outfit has been an investors night mere. This is what you get, if a bean counter is trying to run a company. You do need hands on management to get things done. Amen SCAN
Comment by
morningstar4 on Jul 04, 2012 7:49am
SCAN, absolutely agree nice salaries and perks for no shareholder value created. This thing was recommended years back again and again as top pick on BNN (formerly ROB TV). What did we end up with? A lame CEO. MS
Comment by
Outremer on Jul 06, 2012 1:40pm
Your joking of course and I like your ironic approach as it makes one laugh. I remember when the stock was at $6+ ah those were the days when we were trail blazers in the industry and were led by men ! LOL