Personally, I think they have (sunk in that it) - however the market is not yet sold on Compumedics' turnaround.
There are three things going against the company in my opinion -
(1) High exchange rate (which hurt them in 2004)
(2) Slow product time to market - for example, when was Neuvo (previously Nemo) EEG system first announced? In 2005 Annual Report if my memory serves me correctly.
(3) Spamming market with announcements
However - than being said, they have a substantial and ever increasing IP portfolio which will support growth in the long term.
I think they really need to re-vamp their marketing to get ahead. Stop issuing identical Annual Reports, review their cookie-cutter product brochures and get some real marketing sparkle to match the quality of the technology in development. Also, release a single-box EEG solution ASAP, the end customer would appreciate it!
All this being said, in another life I loved the E-Series system which are good quality, despite being rather dated now. Hence I hold a substantial quantity of stock.
CMP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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