Loss Of Love
Readers know that we published our financials for the first quarter of 2007 late Wednesday and had our conference call to discuss our numbers yesterday. Our stock tumbled on Thursday and rose a bit today.
I have speculated before that it might be a good idea to withdraw from providing guidance and to also end our quarterly conference calls. However for the time being we will continue the strange rituals of guidance and calls.
We have about 8 analysts who cover our stock. I used to get calls from most of them several times a month. In the last few months only two of the group has kept tabs on what is going on at the company. Many of these analysts cover an immense number of companies - probably too many to do a comprehensive job of coverage of the various companies they analyze. Also why would an over burdened analyst want to spend time with a company that has not had particularly stellar financials?
Regardless, these analysts have to publish a report every quarter. They read our financial information and perhaps listen to our conference call and then write a report. And this is the rub. Some of the comments that were produced yesterday and today were off the wall. Lack of communication with management is apparent.
I still love all of my analyst friends. I have spent countless hours with them on the phone over the years. I still welcome their calls. And I am sure that the calls will return once again. In the meantime I will just have to keep busy gaining back the good graces of my analyst friends.
Jupitermedia CEO Alan Meckler
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