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clock Created with Sketch. 20/11/16
12:19
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Originally posted by willsurry2015
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I think the problem has been the communication from management. This stock is undoubtedly cheap, even if you expected it to exhibit zero growth over the next two years. The problem has been every quarter management came out with overly bullish commentary and hyped expectations, e.g. first it was "once we integrate Track look what out combined EBITDA will be, we are trading at 1/5 our peers" (factoring in no attrition even though the intended to shut down product lines), next quarter, "track is stabilising", even though it was continuing to decline, this quarter "next quarter will be materially better"...... on it goes.
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CM8 story look good clarity with shareholders ,directions , and communication is the problem , imo Mkt Cap should be much higher , also director bought at 16c and 25 c ,just my opinion
