What is happening to the company will have a sever
Post# of 30028
Posted On: 10/13/2015 9:12:53 PM
What is happening to the company will have a severe financial and professional consequences. With everything else except ESS on hold, it would not surprise me if several key people depart.
I agree with Warp that management took calculated risk that failed spectacularly. What is surprising and disappointing is how they responded to the crisis.
On paper, the stock looks very cheap and I would love to buy more. However, what we don't know is how much significantly damaged the company is. Until the crisis is stabilized, the company will have to be viewed as unpredictable. There might be a change in leadership that could change the business model, We simply do not know. The classic Rumsfeld quote comes to mind "there are known knowns..There are known unknowns... and there are unknown unknowns." That always cracks me up.
I agree with Warp that management took calculated risk that failed spectacularly. What is surprising and disappointing is how they responded to the crisis.
On paper, the stock looks very cheap and I would love to buy more. However, what we don't know is how much significantly damaged the company is. Until the crisis is stabilized, the company will have to be viewed as unpredictable. There might be a change in leadership that could change the business model, We simply do not know. The classic Rumsfeld quote comes to mind "there are known knowns..There are known unknowns... and there are unknown unknowns." That always cracks me up.
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