You do not want a company that has 700 mln dollar net debt and 200 debt to equity ratio (!!!) to have heavy losses and shrinking revenues. They tried to point out some positives regarding emerging markets, but those are mostly novelty small revenue sales. Almost anything American will generate some sales in emerging markets just from curiosity value, but this is not something you can build a billion dollar company on.
Fun thread to review for those trying to understand what happened here... it was all plain to see it coming.
Hey "net_stocker"... it has been fun, huh?
How is that $10 and ME being "out of touch" coming along tonight? LOL
Here's the thing, next time someone with superior knowledge and obviously detailed analysis takes time to explain what is happening, consider that sometimes an opposing view are worth considering.
Thanks to all those blind and otherwise clueless cheerleaders who chased this. We really did try to turn on the lights.
The share are in for some grief, but for the company's employees, thank goodness for all that debt -- something to work with in ch 13.
And not really that surprising. After hours is showing a price down $1.44 so without seeing the numbers yet we can assume they are #$%$. I bought this POC years ago and it has managed to be #$%$ almost ever since. They really don't seem capable of digging themselves out of the hole and apparently their management never will. While there are some things you can't control they don't seem able to control much of anything or plan correctly for anything. I wonder how long they can keep going like this? At some point you just kind of throw in the towel.
How you making out on that $10 call while dissing me as "out of touch"? LOL? We're back to short a bunch...
How are all the faithful longs here doing of late? Just as suggested, you now have yet another shitttey q to look at... and another one coming right up.
"Give it a week to cascade down hard."
It took 3 weeks to begin the toppling...
What happened to the guy telling me that "you are out of touch" when the stock was still above at $8 telling us how this is going to $10+ in a hurry? Are they still walking around Huntington Beach in their "Members Only" jackets? LOL