Can a struggling company turn itself around? Of
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Posted On: 05/27/2016 8:13:19 AM
Can a struggling company turn itself around?
Of course it can! This is the power behind enterprise. Owning a pile of scrap metal with the mindset, "What a bunch of useless junk" is one way to look at it. Another person may turn that junk into a sculpture and sell it for thousands of dollars.
In the same manner, a company can be transformed from something broken and useless to something of substance. I'm currently involved in another stock which was a struggling company years ago on the edge of bankruptcy. And yet now, with new management, new ideas, and a better focus, this company is on the verge of major international sales. Obviously, there were people who doubted this company's ability to revive itself; and yet they did.
On the other hand, even successful companies can make poor decisions. Have you read about Microsoft's current problem of having to fire almost 2,000 employees because their smartphone was a FLOP? It's costing Microsoft one BILLION dollars due to the market not wanting their smartphone concept.
And so, this shows that ALL businesses, whether giants like Microsoft or OTC companies like BSSP, can have their ups and downs. But this doesn't mean a 'down' has to keep them down. Being down is when management has the opportunity to reevaluate what didn't work and figure a way to make it work.
BSSP has been down a very long road of both struggle and success. Personally, this upcoming name change (among other things) shows me management realized a change was needed. And indeed, a change is currently underway.
For myself, as an investor, its not my job to remain invested with BSSP for all eternity. Its my job to determine both my entry point, and more importantly, my exit point. In all, the current changes taking place in this stock, along with investor sentiment on the rise, and including my own personal DD, keeps me invested for the short term in BSSP.
And because I did not invest more than I can afford to lose, this investment makes sense.
Let's see what happens. Not investment advice.
Of course it can! This is the power behind enterprise. Owning a pile of scrap metal with the mindset, "What a bunch of useless junk" is one way to look at it. Another person may turn that junk into a sculpture and sell it for thousands of dollars.
In the same manner, a company can be transformed from something broken and useless to something of substance. I'm currently involved in another stock which was a struggling company years ago on the edge of bankruptcy. And yet now, with new management, new ideas, and a better focus, this company is on the verge of major international sales. Obviously, there were people who doubted this company's ability to revive itself; and yet they did.
On the other hand, even successful companies can make poor decisions. Have you read about Microsoft's current problem of having to fire almost 2,000 employees because their smartphone was a FLOP? It's costing Microsoft one BILLION dollars due to the market not wanting their smartphone concept.
And so, this shows that ALL businesses, whether giants like Microsoft or OTC companies like BSSP, can have their ups and downs. But this doesn't mean a 'down' has to keep them down. Being down is when management has the opportunity to reevaluate what didn't work and figure a way to make it work.
BSSP has been down a very long road of both struggle and success. Personally, this upcoming name change (among other things) shows me management realized a change was needed. And indeed, a change is currently underway.
For myself, as an investor, its not my job to remain invested with BSSP for all eternity. Its my job to determine both my entry point, and more importantly, my exit point. In all, the current changes taking place in this stock, along with investor sentiment on the rise, and including my own personal DD, keeps me invested for the short term in BSSP.
And because I did not invest more than I can afford to lose, this investment makes sense.
Let's see what happens. Not investment advice.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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