Re: To all: I've noticed that some posters are asking - Wolf - SGE-Head
in response to
by
posted on
Nov 01, 2007 11:51AM
Thank you for your response.
Buy-backs. What they've told us is that they intend to spend AT LEAST 10% of income on buy-backs, and they have demonstrated that they are capable of jumping to buy at opportune times. I'm saying that THIS IS a very opportune time. And it's obvious they aren't doing it to any great degree today (for instance), or the volume and PPS would be much higher.
"You say they are looking at companies...really? How do you know?"
Because they've told us so repeatedly and publicly.
"Turley stated he didn't know how to raise the share price...would announcing the buyback of more shares help?"
First, I honestly believe that what Turley meant by his "I don't know how" statement was more like "I don't know how to INSTANTLY increase the PPS". A very candid answer. Does he have a clue about how to increase the PPS Long term? Yes - grow the company - through acquisitions. He's told us that! And is there another, more vialble course? Not that I can see.
Second, actually, declaring (again) a buy-back can instantly increase the PPS. So he does know how! But he and the BoD are apparently being very prudent with remaining resources. Not to my liking, but I can wrap my head around it.
I may be a bit of a "rah rah" but that's my nature when I put my money on the line. If I didn't firmly believe what I say, I wouldn't be invested here. Yes, I acknowledge that I have to take some bad along with all the good I see in this investment. I did not vote for two of the BoD (I see Johnson as an asset). Gloria and Helmut can take a hike.
But I have to ask, when have you EVER seen a company that had an absolute A-team BoD where that BoD spent every waking hour dedicating all their time and valuable abilities to that company? I betcha not once. But this is the big complaint. A little overblown? Get real.
And I have moved the goal posts a bit, but I do believe the marketing of PTSC will come in earnest when it will get the most bang for the buck. However, I do agree that we're wasting money with Hawk and the rest. When the big news comes, it will get out there without paid assistance (if not, pay for it THEN). I suspect Turley inherited Hoffman and Hawk and is contractually bound.
No experience in M&A. I believe Turley and Nick have a far better tool kit than most towards these endeavors. It comes down to the tech, and the accounting/books. The books part is relatively easy when you get down to the short strokes - hire Deloite and Touche to do their thing and advise.
When you talk about an unfavorable litigation result, that's where the discussion breaks down. I hit this before, but I for one will be outa here. "Worrying" that outcome is pointless IMO.
JMHOs,
SGE