EDGAR Online: More than Just a 'Financial iPod' [View article]
Miles-
Excellent piece and I just wanted to chip in my 2 cents on why EDGR shares languish. As you may know, the company has undergone a management change somewhat recently. I confess that I had stopped paying attention, but under the prior team the stock had slowly trended downward. Some of that was obviously due to the fact that XBRL implementation continued to get pushed out but, generally speaking, most institutional investors involved with the company at the time had a very negative attitude regarding the prior CEO. That culminated in a push by one holder to have her pushed out, although I dont know if that is ultimately why she is no longer CEO. So, in a nutshell, I suspect that EDGR now has a fair amount of investor fatigue. Many institutional investors gave up on the name and may not realize that there's been a change in management and, now that XBRL implementation is a reality, the stock deserves a fresh look.
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Excellent piece and I just wanted to chip in my 2 cents on why EDGR shares languish. As you may know, the company has undergone a management change somewhat recently. I confess that I had stopped paying attention, but under the prior team the stock had slowly trended downward. Some of that was obviously due to the fact that XBRL implementation continued to get pushed out but, generally speaking, most institutional investors involved with the company at the time had a very negative attitude regarding the prior CEO. That culminated in a push by one holder to have her pushed out, although I dont know if that is ultimately why she is no longer CEO.
So, in a nutshell, I suspect that EDGR now has a fair amount of investor fatigue. Many institutional investors gave up on the name and may not realize that there's been a change in management and, now that XBRL implementation is a reality, the stock deserves a fresh look.
J