no big move up for leapfrog. the business is in deep trouble. the only thing that will ignite the stock is if barbour is fired, but even then, they will be left with an incompetent group of execs. with all the free or nearly free apps, no reason to buy these products. the company needs to cut overhead by 50% and re-start with a small team. they need to find a way to leverage teachers to create products that are started in classroom and finished at home. this would have been a wonderful short sale at 10
but then i listed to the conference call with the ceo and realized he is incompetent. this company needs to whack 50% of the employees and start all over. with smartphones and apps that are cheap or free and plenty of online resources from teachers, i just dont have any need to buy my kid any leapfrog products. there has to be a major re-think on the type of products they make. as stated, they need to cut 50% of the cost structure and get a small group of innovators to decide how to compete with free or almost free online games. this is a tough business to turn around. the only thing going for leapfrog is a good brand, but without products that people want to buy, a brand name becomes worthless. sorry to all the longs out there, you deserved better.
you are clueless, 2 years ago aapl fell to 300+ and they had over 50 security lawsuits, where are are those now? these lawyers have nothing to do. There is no fraud here, just bad management. So every company that misses earnings consistently should be sued? its bad management, and once there is buyout or change of CEO , it will start heading back up ( not forgetting the massive short squeeze that will occur)
Leapfrog is still a respected name and has a lot of value. just execution and management is bad. They were thinking like blackberry by overpricing their apps and leaptv. If they stuck with retail of $99 they would have sold millions of them. Keep Apps at $15 max and they will compete very well.
there is still hope, but there has to be drastic change and i believe next week we might hear some good stuff
note MAT is also in trouble and is desperate to do something radical. All say buying leapfrog would be the current best option and wont even affect their books
Exactly I have been thru it and you usually get stock back in a form of cash this 100 #$%$ you have no idea what your talking about these firms do not work for nothing or take cases for the hell of it
Half of them are baseless and even of one wins, you won't see more than $100.
I guess you have never been thur these lawsuits. In my experience you can get far more than $100 it depends on how much stock you had during the dates in question and sometimes it's more than one time period. It does take a long time. By the time I got the check I had forgot about it on a couple of the suits. I think most people don't take to time to lookup the trades and file the paperwork back to the law firm so there is more money to divide with fewer people and you get a bigger check. The people that think these lawsuits are a joke are in for a surprise. If it was just a few law firms I could see it not reaching the court but with more than 12 firms they smell blood. They don't work for free.
Disagree. Sometimes you do get a lot back. I know from experience. But, it takes years and years, for these to get thru the courts.
Do you really think you will get any money from the lawsuits
Half of them are baseless and even of one wins, you won't see more than $100
for the Walmart account that use to work for them all the class action action i think they are done i have lost a ton. I sold back in November. My only hope is money from lawsuit which will take awhile.
The Q4 loss may be slightly larger than the 25 cents or so operating loss but it will not approach the Q3 loss of $1.70 because the goodwill and deferred tax benefit are all gone.
Yea, maybe cheap at todays numbers, but they have already said Q4 sales will be lower.
And, thus their loss will be bigger in Q4. So, within a couple more bad Qs, your metrics will not look near as good.
I suppose that it could be people bailing. But Leapfrog is not in immediate danger of going under. The huge loss that they announced was mostly writing off goodwill and the deferred tax benefit. The actual loss from operations that affects cash was about 25 cents per share. I'm not making light of that, because a loss during your historical best quarter of the year is not good. But hopefully they can fix the problems and move forward. The stock currently trades for less than net current assets and somewhere around 0.35 times revenue both extremely cheap numbers.