elleburra,Could you explain to me how I am "totally wrong"? when...

elleburra,


Could you explain to me how I am "totally wrong"? when CST have at least twice to my knowledge made incorrect sales forecasts,the first was as the company was floated and the other was two or three ago "Cellestis is aiming for its speedier QuantiFERON-TB Gold test to capture at least 15 per cent of the US market (about 10 million tests a year) by 2008.", Anthony Radford is on record maybe four years ago as predicting that the company would be cash flow positive very soon (if several years equates to "very soon" then I accept I am wrong), lastly CST management did miscalculate the lenght of time that approvals would take regardless of whose fault it was so on all three points I think it is fair to say that I am "totally correct" My point was that I have no real issues with CSTs management they are generally very competent but not flawless yet shareholders seem ever eager to jump to their defense and rally round the flag chanting the jaded CST mantra

CST is a good company with a good product and good even very good prospects however it is simply not as good as it's shareholders seem to think it is, in fact no company is.When I post that CST could increase net profit by up to 200% (which in most instances would set the market alight) up pops a (presumed) shareholder telling me that I have it all wrong and profit will increase by 500% as if up to 200% is an insult! My arguement is that CST shareholders seem to have become almost cult like and flatly refuse to accept realistic projections. It is of course understandable that the longer their investment fails to perform the quicker the share price needs to rise to make up lost ground but as any grown up will tell you "wishing for something doesn't make it happen"

I propose that the new CST shareholder (as opposed to the company) mantra should be "lets be realistic"