Apparently, the author of this blog thinks anyone buying stock in the world leader of Glyconutritional products is stupid. He mentions how the CEO removed himself of his position to focus his efforts on field leaders. At the end of this blog there is a place to leave a comment. I usually leave a comment, but I don't ever get it published for some reason. Hmmm, I wonder why that is? Anyway, this time I saved my post, as I assumed it would not be published- which it wasn't- surprise! My comment is listed following the pasted blog below this. I want to share some of what doesn't ever get to make its way onto the internet. For those of you new to Glyconutritionals. This is but a mere tip of the iceberg.
As posted from BloggingStocks.com (Click to go to actual page.)
Mannatech (MTEX): Still making money because people are still stupid
When the XFL failed after just one season, I breathed a sigh of relief: Apparently it really was possible to lose money by assuming that the American public is stupid.
Well Texas-based multi-level marketer Mannatech (NASDAQ: MTEX) has proven that the assumption of stupidity is alive and well as a means of making money -- or at least keeping your stock price from collapsing even more than it already has.
On Tuesday afternoon, founder Sam Caster resigned as CEO to "allow him to step back from operating responsibilities to focus his efforts on working with field sales leaders to transition to Mannatech's new global wellness sales program."
The press release didn't even mention the Texas Attorney General's investigation that has pummeled the stock of late -- a pretty brazen case of corporate spin. Even if Caster really is resigning to work with field sales leaders, isn't that indicative that the company is facing pretty serious problems? And remember, Mannatech's army of associates is its bread and butter. If that's in disarray (it is), the whole company is a train-wreck (it is).
So how did the stock respond? It was up more than 3% on Wednesday, and continued to rise on Thursday.
-----------------------------------------------------------My personal response to this, which was not posted.
I don’t know if calling your readers stupid is such a good idea. Maybe its stupid to not buy the stock when it is at this low.
I understand the CEO of the company has resigned to focus his efforts in assisting field sales leaders. Remember, he is the founder of the company. So he is going to do whatever it takes to make things run as smooth as possible. It’s like that saying- if you want something done right, you have to do it yourself. How much of a difference do you think his undivided attention to this will help the company? I’m sure it will help in an amazing way, as experts have taken this into consideration. So of course the stock was up and continued to rise. We’ll see what happens from here. Is stupidity alive and well as you state?
And by the way. The “army of Associates” is not in disarray. All of this has actually strengthened it like you would not believe. Contrary to what you may believe, the whole company IS NOT a train wreck.
It’s so interesting to see the outside perspective compared to what is really going on. It basically brings into light the sheer ignorance of those (followers) that believe everything on the internet and the distinct few who actually investigate behind the scenes. Of course there are a select few that know what is really going on. It is just a matter of time before one brave journalist comes into light with the truth to expose the big tyrants out to shut down MTEX.
