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The earnings release and Blackmore's accompanying comments were nothing short of pathetic! Revenue is sinking fast, and their cash position continues to dwindle. It is getting more and more difficult to believe that Blackmore can actually achieve a break even let alone a profit. They still have 241 million in cash, very good technology, some exisiting contracts (that can be leveraged by a REAL player in this market) and a footprint in Asia. Even if on the CC Blackmore commits to hard numbers with respect to future revenue growth and a date certain to achieve profitability, how believable is he. For those of you who don't believe this is the time to sell, then when is it, when there is nothing left. Yes, I would like to see this company be successful and for all of us longs to get a price in double digits, but we just keep going and going and going in the wrong direction. If you can't sell what you've got to end users, then sell what you've got to a buyer for the company that CAN sell to end users. It really isn't any more complicated than that. There is value here to sell, but for how much longer.
Rating :
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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Earnings
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factsguru | (2 Ratings) | 5-Nov-09 04:50 pm | ||
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The sale of the building will buy them another yea...
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ryashlee | (1 Rating) | 5-Nov-09 05:34 pm | ||
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That is true and possibly even more than a ye...
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factsguru | (2 Ratings) | 5-Nov-09 05:58 pm | ||
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If revs and expenses head in the right d...
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shaftesbury... | (1 Rating) | 5-Nov-09 06:22 pm | ||
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Blackmore is accomplishing a restru...
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factsguru | (1 Rating) | 5-Nov-09 08:29 pm | ||
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buy them another year of pay to bs investors
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nappynigro | (1 Rating) | 5-Nov-09 10:50 pm | ||
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This management is here to stay - until ...
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please_buy_... | Rate it | 6-Nov-09 11:10 pm |
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