I have a different take then all of you.
I applaude SGR, Well done!
It's about time they finally get it right.
This is the first time they ever put out targets I feel they can hit.
No more of this false reailty, we have been asking them for ever to give us realistic expectations or hit the targets. Would of been nice to hit the targets but instead we got realistic expectations.
Sure we got hammared but this was going to happen anyway. I'd rather take the loss right now and start the uphill climb then wait 6-12 months to get down here and still be stuck with false expectations.
Now we have REAL targets.
Think of the 2 scenarios:
1. the one we are in today, we start around 0.35 and month over month, quarter over quarter we hit and exceed targets and build positvie from here. our shareprice is sure to go up. I can see us up to 0.60-1.00 in 12 months from now.
2. THey keep old targets that we never hit, we would be 0.60 today but in 12 months from now we would surely be at 0.35 or lower.
I really think this week sucks but in the long run, this is the right move.
Anyone have any thoughts on this matter?
