Just sent an email to CCUR IR. See what I sent here: https://groups.google.com/forum/#!forum/concomcorp
I'll report back there the response I get!
Total Revenue 71,171 63,444 60,297
nice rev growth last 3 years, ($60 to $70M), for now they seem stuck at $70-$71M this FY, newer products need to kick in. good little techie with a weirdly nice dividend for this space.
At the end of the day, it really doesn't matter. The article, if it's having an effect, will only be for a couple days. If you know the stock and the trading, you know that the shares get manipulated and pushed around. Once a seller is done, a measly 100 shares can jump the price 20 cents.
The tax sellers are going to continue unloading, shorts who think they're smart will play their game for a couple days, but will also cover, or pay the dividend soon.
Best to ignore the price unless you are looking to sell or buy more. If you're in for at least the next couple months, relax...you're getting the dividend, and the stock is a January bouncer.
Everyone should make comments on this article, http://seekingalpha.com/article/2728835-concurrent-computer-corporation-appears-to-be-a-value-trap
I really like SeekingAlpha, but it's articles like this that I just can't stand it! You have to find authors who you can trust. Always look at how many followers a writer has. That has a lot to do with it! This author has been writing articles for over a year, and has less than 300 followers. Says a lot!
I believe Pro gets it 24 hours in advance of the rest of the world, so it likely had something to do with what we saw today. if author was shorting or told any friends in advance, then maybe a day or two earlier as well.
The article may have been responsible. It is a pro article so it must have been available to seeking alpha subscribers for a couple of days now.
I did not like the article at all. It does not mention the cash on the books, which at 41% of market cap makes a huge difference. It suggest that the dividend is unsustainable, which is just plain false in view of the cash the company has. It assumes that one quarter of small revenue growth means there will be no revenue growth ever again. It's basically a hit piece.
When a seeking alpha hit piece appears it means someone is either short or they are trying to buy large number of shares. CCUR has almost no short interest, so it looks like someone might be trying to move in.
I hope he responds to the comments!
I'm thinking of writing an article in a few weeks. I'll make it as objective as possible! I want to write a real report of the stock.
I just see too many positives to ignore with this stock: Elder replaced Mondor, Karen Singer is a major shareholder, no debt, plenty of cash, super high profit margins, etc.
Hopefully, this is an investment that will pay off!
the author is naïve.
if that article was part of what was responsible for the weakness in the shares yesterday/today - I owe him some thanks allowing me to pick up more shares at the 52-week low.
when you write an article like that regarding a low float/volatile stock, it is certainly going to cause some havoc. if even just a few people sold or shorted because of it, it could certainly have caused the weakness we saw early in the day.
I read the article, I liked it, made my comment. It brings up valid points, but it really didn't go into much detail. Nothing stated about Mondor's leaving and Elder coming in, it said nothing about their 0 debt and low number of shares either. It really only gave the negatives. I'm in at $7.14, don't plan on selling for a while because I'm excited to see what Elder can bring to the table! We'll see!