It's not hard supporting a company when they start to do well. If things don't go so well, it's time to let it ride and wait for green shoots.
That's what is happening with SPLITIT.
The new guy, CEO John Harper is different to Brad. He has his own way of operating and he is bringing his skills and vision to the company. Yes, things will move in another direction that hopefully satisfies the negative anti SPLITIT crew that just want to complain.
The SPLITIT cheer squad will continue to support the company especially as it moves into territory that promises profits and more cash flow.
With a retail background, I think it will dawn on us that John Harper is a real player in the broader retail on line industry and previously being part of a major retail player, he knows plenty. Glad he is our CEO.
Once he completes his initial discovery of the nuts and bolts of SPLITIT, the wheels will start spinning and he will not be shy in announcing his intentions. Look for the new relationships that are being formed and will customers carry a virtual ????. Lock in the 'cloud'.
Watch This Space.
SPT Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
