From the Nasdaq site: Short interest (in shares)
So short interest is DOWN 4 Million shares in the last 4 months. There is always going to be a baseline short position in any marketable stock. Finally, we are back at that level for ICON.
I wonder what these shorts know (to end that - $28,000,000 investment) - that the bashers on this board are missing?
Kenman, your $300,000 in profits, how does that compare to your losses? Was any of that was made by shorting the stock? Does that include any fees paid to you by shorts for bashing the stock? As you know, I am a firm believer in everything that you say without the slightest reservation. So I'm happy for you that you own 10,000 shares and that the price is going down just as you expected. It obviously was the result that you desired and it is good to see you being so successful.
This happens with stocks that have accounting issues but this looks to be in the rear view mirror. You'll see opportunists try to rehash old news and create uncertainty putting further pressure on a beaten down equity. Welcome to Wall Street and I've seen this before. I sold my position but anybody who's in at these levels, will see where the stock is in 12 months. I need to make some trades so I can wager and get back in. Good luck longs
Hi idiot,,,Something is very wrong with ICON...I am well versed with ICON as I have followed it for many years making well over $300,000 in profits but aftyer Cole blew out there must be a very negative reason we haven't understood as of yet...I only have 10 k shares @$7.90 so it's no big deal for me...
Kenman - I absolutely without question and with complete certainly believe your defamatory suggestions of fraud by the company (which appear to be coming from someone who is paid by the shorts to bash the stock on this message board - for why else would you still be here every day?). Of course I'm not going to believe the highly respected and successful turnaround expert - Peter Cuneo - who has just been cleaning up after an SEC investigation, because there can be no doubt that he wants to bring on another SEC investigation to keep him warm in his retirement years. Yes - during this low interest quarter, you and your shorty friends are holding this stock underwater - but it has a lot of buoyancy and it will bounce back.
The proof will be in the pudding. Insiders are buying but outsiders are betting short term anyway we don't see those earnings.
could be a very negative message...How does a co. that is talking of earnings of like $1.30 for the year be at $7+?...The trend is your friend and ICON's trend is negative...There is something shareholders do not understand...Take a look at TTNT Titan Pharaceudicals, it could be a monster profit soon...The FDA could approve there 6 month drug dispenser very soon...It was an $80.00 stock...Now at $7+...
Thank you for saving me the time!!! His contract was negotiated with Cole.His job?....find and bring attention to future possibilities for acquisition...for a fat contracted fee in stock and options.He has more semi-losers on record than winners.He was paid for both.Cole obviously felt that securing acquisitions was more important than any other company function. Like taking good care of your retail business.I think Cole spent more time with his teenage pregnancy initiative than anything else..Blumberg and Haugh won't mix. You can expect this "special projects"VP to be gone as soon as his "contract" runs out. Over paid and non producing won't last long
I keep watching this one and I'm wondering what's going on. Bought shares in 7.70 range ran past 9 and has been doing lower highs. I dump my shares in the lows 8 for Pocket change. I didn't like the action after earnings as I thought it would go up. I'm looking to get back in just watching. Good job numbers should help.
Boy, you would have to be a complete dolt to hold a short position here. It is obvious that there has been market manipulation (down) to get the stock price this low ($7.50). It has been going on for a couple of weeks. They've obviously had the cooperation of a few of the market makers. They've issued law firm press releases to highlight pointless and redundant claims of litigation (as if ICON hasn't had 10 pending lawsuits or more at any given time since it's inception). I thank them for allow me to load up at bargain basement prices (
Leave the management alone. Trust them, if you are long. They are smart enough to know who is the best person for any given job. Cuneo is straight-forward, and would not keep a guy around who is not useful to the company.
Good news indeed. By the way i am writing a letter to the CEO to request the firing of the traitor Blumberg. As long as we have this kind of individual running this company we cannot expect much. He should either resign or be ousted.
Iconix Brands: This $7 Turnaround Stock Has Insider Buying And Strong Upside Potential
May 24, 2016 4:24 PM ET| About: Iconix Brand Group, Inc. (ICON), Includes: DHXM, DIS
Hawkinvest Hawkinvest⊕Follow(4,902 followers)
Value, growth at reasonable price, contrarian, growth
Many retail sector stocks have been hit hard in the past couple of weeks and this has created buying opportunities.
Iconix Brand stock was hammered last year after it announced a restatement, but it is now moving past these problems.
Many shorts jumped into this stock hoping for a worst-case scenario, but that has not happened, and now a major short squeeze is possible.
This company has a strong management team which includes Peter Cuneo, and he has a great record with turnaround situations.
With a PE ratio of just around 6 times earnings, and recent insider buying, it makes sense for investors to take a fresh look at this stock.
Iconix Brand Group, Inc. (NASDAQ:ICON) owns and manages a wide range of famous brands which it licenses to other companies. Iconix grew rapidly over the past several years by acquiring additional brands, but hit a major roadblock last year when it disclosed it would restate financials. This also prompted an SEC investigation and that caused panic selling from many shareholders as well as very significant short selling. However, it is time for investors to give this company and the stock a fresh look, because many issues have been resolved, the current management team appears to be executing, the Chairman is buying stock now and he has a stellar track record in turnarounds. Plus, the stock is dirt cheap with significant upside potential.
Over the years, this company acquired many brands which includes names like: Candie's, Pony, The Sharper Image, London Fog, Peanuts, Royal Velvet, Cannon, Lee Cooper, Mossimo, Rocawear, Bongo, Waverly, Joe Boxer, Ed Hardy, Fieldcrest, Danskin, Umbro, Strawberry Shortcake, and more. Annual revenues were around $30
i would expect that deal to be done soon. it sounded very promising in the conference call