$Fathom (FTHM.US)$ I keep reaching out to the CEO and I'm op...
$Fathom (FTHM.US)$ I keep reaching out to the CEO and I'm optimistic that in the not too distant future I'm going to have a meeting with him. My goal is to share some ideas of things that can be done to increase shareholder value. I will update and let you know how the meeting went.
10baggerbamm
you got to reach out to the CEO many times just like fishing you got to cast the lure a lot in order to catch that bass.. well in order to get that CEO it requires a lot of emails
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk
opinion not financial advice
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淡定的惠特莫爾 : Wow, that's impressive!
HashanBoy : we support you!
10baggerbamm OP 淡定的惠特莫爾 : if you're a shareholder it is well within your rights to send emails to voice your opinion and believe me when I tell you I am very vocal, investor relations departments especially the ones that are contracted are useless you never want to reach out to them because they're paid to field bullshit and any good ideas they take credit for so if you have an investor relations department that's not doing shit and believe me when I tell you most of these fuckers are lazy they promise you the Sun the moon and the stars and they deliver shit. closest comparison I could give is a real estate agent when you have a house for sale they promise you oh we get all these views at our website and I do the showings myself blah blah blah I sell it 98% asking price they feed you all this shit all he wants a listing and they don't give a fuck if they sell or not because they know they're still going to get a commission of somebody else sells it so their goal is to get as many listings as possible that's exactly what these investor relations departments are. for small companies they get about $10,000 a month and generally all they do are the quarterly communications so when it comes time for releasing to the world the SEC filings they copy paste cuz you know that's really difficult to do, and when it comes time for your conference call and you call into a third party they're the ones that arrange it because you know it's really fucking difficult to arrange a conference call I mean my God that ranks right up there with typing your expenses in QuickBooks.
so you have to understand I have very little respect for these investor relations departments because they suck that's why you never want to reach out to them and obviously if you're dealing with large companies you don't have a choice I mean you could call up a Fortune 100 a Fortune 500 and leave a message and come on you're never going to get through it ain't happening but with these smaller companies if you hound them enough politely you're going to get their attention.
what you do is you look up who the CEO is or if there's a board member for example who was a former officer of the company and they have a lot of stock they have a vested interest they're kind of like an absentee owner and it's easy to get in touch with these people because their names are public and then you do a search it's very easy to find phone numbers online as well as emails. so clearly they would have a selfish motivation for getting the stock price higher and if there's things that a company can do that require no cash outlay why the hell wouldn't you want to listen to somebody that knows how to do these things.
okay so that's my long rant you have the right as a shareholder and you have the responsibility of a shareholder if you have ideas I am telling you you need to reach out to companies and share them and reach out to the CEO don't go through investor relations. there is a general email and it's a smaller company you put the CEO's name please forward to CEO and I assure you that the person that is receiving a message is going to send it to the CEO whether they respond to you or not really depends on their time and how and what you convey in your email.
so there's a lot of people with different backgrounds and many people invest in companies that they can relate to or they are in what I call their wheelhouse you're in the industry you have expertise and I am telling you as a matter of fact that when you run a company and I run two simultaneously with hundreds of employees my day would start I'm in the office at 4:30 and I didn't leave till 9-10 at night many times, most of the time and six seven days is what you run you go Non-Stop. all the people that say I want to start a business cuz I get all the vacation time you're going to fail you have to be 100% all in and you have to always push yourself to be better because mediocrity and complacency is the first sign you're going to fail.
the point being is the CEOs are so focused on their business they miss a lot of things and if you have the experience that maybe they know about but they're just not even focused on and you kick them in the ass the right way they're going to do it they're going to listen and the end result is stock price is going to go up
get off your fucking asses if you have ideas and you can add value and you email the CEO and you outline everything but don't give away all your secrets and you tell them you want to speak with them and give your name and your phone number and you don't do it once, you got to do it a lot of times...it's like fishing first cast probably isn't going to land you the big bass
the big leek 10baggerbamm OP : Will they respond?
10baggerbamm OP the big leek : so as I said it depends on your intent of the email if you're going to tell them they're a lousy fucking CEO and believe me I do this on a regular basis I provide plenty of first-hand opinion the CEOs that fuck up.. probably not going to get a response and I don't care under those circumstances.
if you have experience in the industry if you achieved a very high level of success in that field and you have walked in the shoes of the CEO and it can be in a smaller company it doesn't have to be with the same revenue or can be an area that they are focusing on like you have a design engineering team and they're working on a particular project and you go shit man I headed up a team in the same space and I see what they're missing....then it's very easy for you to say look this is my background very briefly and there's certain things that I can share (discuss with you... you want to speak with them you just don't want to put it in writing in an email because you won't ever get the correspondence back so you want to entice the person that there's things that they can do that they're not doing that will result in a much higher stock price which increases shareholder value) with you that will add value resulting in an increase in shareholder value.
so it's important number one to say you are a shareholder that's the first thing the second is your brief background and why they should listen to you and number three the goal is to increase shareholder value so if you can align your message that way and it will require repetition meaning you're going to have to do it multiple times different ways in order to get a response... sometimes you won't.. but I've been very successful probably let's call it 75% of the time speaking with CEOs of publicly traded companies, smaller ones...
so it doesn't hurt to try because one thing is for sure if you don't try you've already failed
a a a a a a : The most important thing is the earnings report on March 11th
10baggerbamm OP a a a a a a : earnings are not the most important thing you see that's what you failed to understand this industry has gone from a bear market for four and a half years to one that the tides are changing the winds which were in their face are now gradually becoming tailwinds as interest rates come down which they've gone from 7% to 6.1 they touch 5.99 for one day for a 30-year fixed rate mortgage but president Trump has plans so it's a matter of the revenue that the company is going to generate because if you understand this company they have a massive real estate business Nationwide with realtors that are all going to be selling and this company is going to be generating commissions as a result of their listings number two they have a finance division they already direct lender so they will provide the financing to people that want to buy houses and also as rates come down refinance and number three they have a title company so they're vertically integrated to capture all three streams of revenue and as the industry changes and that piece of shit Chairman Mao of the Federal reserve who utilizes 300 economists who have been completely fucking wrong to a new head of the Federal reserve who's going to gut that means fire these liberal Keynesian no nothing economists and bring in supply side economists everything changes so the earnings don't really mean shit now it's going forward that matters.
淡定的惠特莫爾 10baggerbamm OP : Wish Professor Zhu a pleasant stay at the casino resort.
a a a a a a 10baggerbamm OP : I agree with your idea, but if low-priced stocks can't maintain a price above one dollar, we will face reverse stock splits and potential dilution.
10baggerbamm OP a a a a a a : suggest you look at the rules that govern when a company will be subjected to a split
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