Originally Posted by Rain Man:
My wife thought I was a fool for being GIS a couple of years ago, and she was right. I think I'm down 25 percent or some such proportion. She thinks that their products are all old-school and that new generations of customers aren't interested in them. She may be correct, but I have to think that they've got enough market research to understand consumer directions and shift their product line if that's the case. I'm holding on, hoping for a comeback.
It went up 5% in a few days after I wrote this on here.
Yeah, everything he says makes sense, and is part of the same stuff others talk about -- pressure on short term results instead of long term, etc. -- but given the nature of this company they are more vulnerable.
Not sure how he could give current shareholders the right to stay in as owners of a private company. Last I knew if you had X number of shareholders (400 or 500?) you would automatically become a public company and subject to reporting requirements. But maybe those rules have changed, I no longer do '33 and '34 Act stuff. [Reply]
