$INSY Looks like trading is still on hold for this
Post# of 212
(Total Views: 530)
Posted On: 10/30/2017 10:41:17 AM
$INSY Looks like trading is still on hold for this stock.
MY OPINION: The share price closed in the toilet and appears that the share price may not move upwards for a while. The charges against the (former) CEO are significant. The GOOD NEWS for him is that he has the financial resources to hire the best lawyers in the US to fight the charges. The BAD NEWS for INSY investors is that as long as his name is in the News, the company image, and its stock, may continue to take a beating.
If/when INSY trading returns this week, it remains to be seen if there is any confidence by investors that this stock will return to the $10.00+/share price over the next several weeks. One can hope that, when trading returns, investors do see long term profit in the company and the share price starts an incremental climb back up to the $10/level. Wishful thinking? Perhaps.
The current company Executive Management is taking control of the situation and is acknowledging the past mistakes and taking corrective action to prevent the mistakes from being repeated. This action alone should provide investors with a much higher degree of confidence and interest than had the company done nothing. There will continue to be Bad Press due to the (former) CEO's failure to control the sales processes. He will still represent the IMAGE of INSY until the current Executive Management convinces the Media that the company will be completely ethical in its business dealings and the Current Executive Management is 100% in control of the direction of the company.
MY OPINION: The share price closed in the toilet and appears that the share price may not move upwards for a while. The charges against the (former) CEO are significant. The GOOD NEWS for him is that he has the financial resources to hire the best lawyers in the US to fight the charges. The BAD NEWS for INSY investors is that as long as his name is in the News, the company image, and its stock, may continue to take a beating.
If/when INSY trading returns this week, it remains to be seen if there is any confidence by investors that this stock will return to the $10.00+/share price over the next several weeks. One can hope that, when trading returns, investors do see long term profit in the company and the share price starts an incremental climb back up to the $10/level. Wishful thinking? Perhaps.
The current company Executive Management is taking control of the situation and is acknowledging the past mistakes and taking corrective action to prevent the mistakes from being repeated. This action alone should provide investors with a much higher degree of confidence and interest than had the company done nothing. There will continue to be Bad Press due to the (former) CEO's failure to control the sales processes. He will still represent the IMAGE of INSY until the current Executive Management convinces the Media that the company will be completely ethical in its business dealings and the Current Executive Management is 100% in control of the direction of the company.
(0)
(0)