Market Comments From TheStockMasters

By Douglas A. McIntyre Published Apr 12, 2:30PM EDT

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Ah the drama of Phoenix Footwear (PXG) – today shares are up 7% and just 80 cents away from the 52-week low.

Yesterday they announced a new Vice President of Sales of the Company’s Trotters and SoftWalk divisions, Mr. Michael Crosno.
Crosno has almost 30 years of sales management experience in the footwear industry which is only second to that of Al Bundy. I think if PXG was to hire Al they might have a better chance of lifting the stock price which has been punished in recent months. Al had some great ideas in his day including inventing shoe lights and even hosted a shoe advice line called Dr. Shoe: 555-SHOE. What would Al say after being hired by executives Riedman and Wolf?
"People who work putting shoes on fat women who wear dresses should not have 20/20 vision." ~ Al Bundy.
PXE Officer Reddy S. picked up 3,000 shares on April 5th, other than that – he’s the only PXG Exec to throw down on the discounted stock price. So if it’s trading at a discount, why don’t the other guys start buying?

Check out the Vonage (VG) today, up 9%. Jeffrey A. Citron, the 30-something-year-old founder is back in the CEO chair, temporarily at least, following the sudden resignation of Michael Snyder. "Sudden resignation" – The dude was fired or perhaps one of the Soprano’s paid him a visit late last night.
Citron owns about 30% of the company and he’s been losing money fast these past few weeks. Got money to burn? Vonage is your play.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.