Author Topic: SYTE - Enterprise Diversified  (Read 251565 times)

alertmeipp

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Re: SYTE - Sitestar
« Reply #30 on: May 17, 2015, 06:18:28 AM »
Interesting read. So this company is up 3 times since his involvement even with all those actions.

What is the remaining upside.


InelegantInvestor

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Re: SYTE - Sitestar
« Reply #31 on: November 25, 2015, 01:08:49 PM »
10Q is out. Quarter only contained a month or so of involvement of new directors, and shows no change. Reporting is not materially improved, and results certainly are not. I'm hopeful to see change in Q2, first full quarter with new directors. If it's just going to be more of the same with three more guys in the room, not much to stay around for.
2 more quarters, and no change, except accelerated decline in internet business. I wonder if Board has even met.

matts

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Re: SYTE - Sitestar
« Reply #32 on: November 26, 2015, 08:08:01 AM »
Agreed. I expected investor communication to improve with the new directors. I have been disappointed by the lack of progress (or at least its invisibility).

InelegantInvestor

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ScottHall

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Re: SYTE - Sitestar
« Reply #34 on: December 02, 2015, 05:08:54 PM »
If Frank Erhartic hates his shareholders so much maybe he should just take the thing private.

InelegantInvestor

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Re: SYTE - Sitestar
« Reply #35 on: December 02, 2015, 05:55:09 PM »
Depending on the price, that would be one acceptable outcome

If Frank Erhartic hates his shareholders so much maybe he should just take the thing private.

DTEJD1997

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Re: SYTE - Sitestar
« Reply #36 on: December 03, 2015, 06:11:12 AM »
Hey all:

I used to own this stock a while ago...

Fortunately, I sold out at a profit.

The problem is that management seems to be totally disconnected from running it in any meaningful way.  Additionally, they seem somewhat hostile to shareholders.

How much of a discount do you need to overcome incompetent/hostile management?  In my opinion, there was not enough of a discount...

InelegantInvestor

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Re: SYTE - Sitestar
« Reply #37 on: December 03, 2015, 06:59:24 AM »
The stock is so illiquid that if I were to try to sell my stake, I'd end up giving someone else enough of a discount...

How much of a discount do you need to overcome incompetent/hostile management?  In my opinion, there was not enough of a discount...


InelegantInvestor

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Re: SYTE - Sitestar
« Reply #38 on: December 03, 2015, 10:41:07 AM »

ratiman

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Re: SYTE - Sitestar
« Reply #39 on: December 03, 2015, 12:31:03 PM »
The level of unreality in this thread has reached a point that I am compelled to post. This is not a company. It has no valuable, cash generating assets. It has no strategy. It has negligible capital. It is run by a guy who is mostly qualified to run Windows servers circa 1998. It will generate no significant returns, not this year, not in ten years. The bid ask spread is larger than the value of the company. If you can get out at 1c you are very lucky.