BUD 0.00% 0.6¢ buddy technologies ltd

Ann: LIFX Pre-Sales. LIFX Clean to Sell at Amazon, Best Buy, HSN, page-47

  1. 990 Posts.
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    Thank you for the detailed response. I try and strip away all emotion and not get excited about announcements like new products and increased sales. I try to take a fundamental approach and look at the problems within the company, unfortunately there are numerous. There has been a history of over-promising and under delivering which has made it difficult for me to get e. xcited about big announcements. I think the best step that buddy has taken recently was hiring Don Hicks and believe he can add tremendous value to the company. I do think though that the company needs to work on more immediate issues such as cash flow, debt reduction and improving the manufacturing and supply chain Logistics. I believe the company can continue to grow but the high number of shares on issue will certainly make it harder. I like Dave and think he is a nice man and hard-working but not the right man for this job. I sincerely hope that buddy is a turn-around success story and we all do well off it but looking at things from a fundamental perspective I think there is a long way to go still.
 
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