I'm not really talking about the results. They're in and they were good.
My concern is the stock price. This isn't my first rodeo. In the past week only 5% of the shares O/S have traded. That mean 95% haven't sold. Small investors are taking the stock down. Again, that's that market and it happens...sometimes the other way.
What I'm saying to management is you have a great opportunity to help improve the companies finances AND support shareholders.
As management doesn't own a large % of the company, I'm now getting really concerned by their lack of effort to help shareholders when there are simple and low risk things they can do.
They need to bring in new investors and get the markets attention. Say that management and the board don't accept the current valuation and feel the current price undervalues the company.
Are there currently any CDA shareholder who think the current stock price is acceptable based on the latest results? I think management needs to address this.
After all, we only own the company.
CDA Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)