The recent one day surge in this stock, has quickly petered away. Also concerning is that this stock was at all-time lows and the move up was unable to be sustain to any extent. the recent announcemnets (in Fox's case it was a deluge) has had no effect on the sentiment of this stock - which is justifiably poor - and with Fox renowned for procrastination, what will cause a change in sentiment?
Questions need to be asked about the cash position of this stock; specifically how long is Chairman Steeter willing to pour in millions each quarter? is it a perpetual arrangement? It's about time that management came out with strong statements, and realise that shareholder confidence will only be regained when uncertainty is removed.
FXR Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held