Are my SEO experts a pack of idiots?

They are using title/meta tags for search optimisation (?)

[edzillion]

Hi
Recently we hired a company handle our online marketing and SEO.
Its been two months since they are supposed to have started working on the SEO, and our site still has 0/10 pagerank.
A week ago they rewrote the meta, title and keyword tags on the pages sitewide, stuffing them with search keywords, e.g.:

<title>Widget - Widget Price - Widget Prices - Buy Widget - Sell Widget - Invest in Widget - Widget Assets</title>
<meta name="keywords" content="widget, widget price, widget prices, widget bullion

... etcetera

Now, from what small reading I have done on the subject, this is an outdated and useless method and does nothing to help the pagerank, or SEO of the site.

Can you confirm or refute my thoughts on this? Because it looks to me like they dont have a clue what they are doing, and this method makes the page titles look cluttered and amateurish. Does it really take more than two months to get any pagerank at all (this is a reasonably well travelled site, getting 100 - 300 unique visitors daily)?

TIA
Ed

[edzillion]

Ya start a good topic, next thing ya know, you have all sorts of free expert advice floating about, wouldn't you agree? :)

I'll drink to that! ;)

thanks for all the advice ppl

[The SEOPundit]

Who is to blame?
Didn't you ask them what they will be doing with your title tag before hiring them?