Re: To the "One Trick Pony" Critics - Advice for the BOD
in response to
by
posted on
Feb 01, 2010 11:28AM
We know that PTSC was premature to issue dividends and make aquisitions. I think both were good ideas but should have been done much later. PTSC needs to build up a war chest of money from the MMP. I like cutting PTSC to the bone for minimal expenses and collect money from the MMP and put it in the bank. Share buy backs are OK as long as the SP is low. When PTSC has $300,000,000 in the bank then is the time to look for a CEO that can take the company beyond the MMP or forget about growing the company beyond the MMP and start distributing the MMP revenue to shareholders.
Aquisitions have proven too risky and a drain on the bank. Lets be a one trick pony for awhile with one great trick. If PDSG has some value its a bonus but we shouldn't count on it.
At least it sounds like the BoD understands what they have done wrong. Hopefully going forward we will see the right moves for a change. We don't have much choice.
All the best,
Steve