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Initech - Buy or Sell?

Posted on 10/10/12 at 12:02 am
Posted by uscpuke
Member since Jan 2004
4996 posts
Posted on 10/10/12 at 12:02 am
I am torn on this one. I do see strong value on their balance sheets and more specifically the TPS reports. I also like their commitment to running lean as evidenced by the hiring of two efficiency experts.

The reason for my hesitation is that I have seen evidence of software vulnerabilies. I think there is potential for a virus to rip them off big time.

Thoughts?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/10/12 at 12:19 am to
Major HR and staffing issues. I'd stay away as this company is a fire waiting to happen...
Posted by LaBornNRaised
Loomis blows
Member since Feb 2011
11004 posts
Posted on 10/10/12 at 4:40 am to
quote:

Thoughts


Have you seen my stapler?
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 10/10/12 at 9:38 am to
quote:

I also like their commitment to running lean as evidenced by the hiring of two efficiency experts.


Yea, and they really do have some upper management potential talent in the labor pool as well.

If they can get rid of Lumburgh then I think they could really make up some ground on Initrode.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/10/12 at 10:18 am to
fricking TPS reports.
Posted by rsande2
Member since Jan 2006
3423 posts
Posted on 10/10/12 at 10:26 am to
Neither, You should invest in that guy with the "jump to conclusions" mat......
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 10/10/12 at 10:28 am to
Yep, the are modeling their business in the traditional "pet rock" methodology. The guy made a million dollars!
Posted by uscpuke
Member since Jan 2004
4996 posts
Posted on 10/10/12 at 12:22 pm to
quote:

Major HR and staffing issues. I'd stay away as this company is a fire waiting to happen...


Good observation. This could shift market share to Initrode.
Posted by uscpuke
Member since Jan 2004
4996 posts
Posted on 10/10/12 at 12:26 pm to
quote:

If they can get rid of Lumburgh then I think they could really make up some ground on Initrode.


I am not sure Lumburgh is the issue. He is not afraid to ask his employees to work weekends if the market dictates. He also leads by example, going in on weekends himself and calling them incessantly if they no show.
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 10/10/12 at 1:09 pm to
SELL!!!


Y2K is a Hoax rendering Initech effectively obsolete.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 10/11/12 at 4:36 am to
I've tried calling their investor relations department several times, but for some reason I keep getting transferred to corporate accounts payable.
Posted by rsande2
Member since Jan 2006
3423 posts
Posted on 10/11/12 at 9:46 am to
quote:

I've tried calling their investor relations department several times, but for some reason I keep getting transferred to corporate accounts payable


Did you tell them you liked michael bolton?
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 10/11/12 at 12:39 pm to
They must not have fixed the glitch.... They tend to try to let these things work out naturally.
Posted by uscpuke
Member since Jan 2004
4996 posts
Posted on 10/15/12 at 7:32 am to
After spending all weekend watching Kung-Fu...I woke up today with a case of the Mondays.

I have decided to unload all shares of initech.

I am gonna go listen to my radio at a reasonable volume. Thanks everyone for the feedback.
Posted by BestBanker
Member since Nov 2011
17474 posts
Posted on 10/15/12 at 7:42 am to
Infrastructure costs are going way up. They have to spend big bucks on upgrading their safety and security systems, to include a full emergency fire protocol. Oh,... oh oh,.. oh sell.
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