Company lost a penny a share;
Loses close to 66% of share price following earnings;
Volume not that high;
Still in the black for the year;
The company itself hasn't changed. . . .
Been in existence over 20+ years. . . .
Has had a number of ups and downs. . . .
Steadily improving yoy. . . . .
I don't get it. . . .
What am I missing here????
Cuts both ways. Since IFON's contract manufacturers are in China, the COGS goes down, perhaps enough to maintain margins even if a discount is given to retailers.
For the first half of 2015, IFON has generated $4,137 of cash from operations. That equates to $0.29 cents per share. The cash from operations were used to repay any borrowings on the line of credit.
The stock price has dropped over 60% since the earning announcement. However, by my estimation, about 10% of the outstanding shares have been sold. Therefore, it seems like most people are holding. I am as well. However, as the share price gets closer to the book value, it seem a good time to buy more shares.
BTW - Joseph Ram has lost over $8 million in market value since the earnings announcement.
Devalue of there curorency will also make the dollar higher against Mexico. Perfect Storm, now phones
are more expensive to Mexico Wall Mart, and others. If a discount given to get the deal signed, then
lower profit for IFON, if any profit exists.
Look for price to continue to plummet. Daily lows on open, gain through the day and bombs at close.
From all the years of following IFON, a return of 1% would be an improvement vs. stock return.
when carriers reduced inventory sales declined 18% yoy. This year we still reported 5% growth during the reductions. Should get very wild now as we carriers start to restock for the season in q3 and q4.
It is called managing. Ram is setting this up for a monster move in the growth quarters. Under promise and over deliver.
I am puzzled as to why the announcement did not include the info that LoForti gave you. The info you got obviously is not confidential, or LoForti would not have divulged it to someone calling him on the phone. It sort of seems as if IFON is playing peekaboo with the info.