chevelle, thanks for that information on the 13D. Now we know why we had those volume spikes and price movement. Maybe something in the works if Potomac Cap partners are accumulating.
Stock moved up to a higher range as was discussed would happen. Now consolidating again with announcements of news, this will begin another move up soon. It is holding steady above the 50 dma and looks like some resistance around 3.73. Once thru that then the 200 dma at about 4.20 is next target.
Technically right at 50 day moving avg..(3.37 ) ..let us see whether it moves to 200 day moving avg of 4.2 or continue its down trend
If they are planning to enter Retail as mentioned in last cc..it is better to sell themselves to Netgear...which will be win win situation for both..netgear can get into education market , plus incremental 100 million revenue at 65% GM and meru can sell themselves for 2*sales..which is around 200 million ..7-8 dollar range..
Bami ..see the reality..don't milk the shareholders...
Could be an Institution or Mutual Fund adding with December approaching and the annual re- balancing of portfolios. It is a good sign maybe that they see something ahead whether increased share prices or a possible transaction of some sort. About not affecting price on that volume, this has to be machine trading with MM involvement at least this is my take on it.
There was one on November 7th for around 500k. Some sort of prearranged trade? How can that many shares be traded without a significant spike or drop in SP? Any ideas? Institutions/mutual funds?
Agree..hopefully volume is good indicator for something is about to come...they can easily sell themselves for 200 million ( 2x sales ..9-10 dollars ) in current market conditions if they believe they have technology to pull thru ...i believe it will be hard to take stock price to that level as a public company...it will be nice addition to someone who buys them ( 100 million sales and marque education clients )
Based on the earnings CC it sounds as if Management are focused on developing the markets in the Middle East and Asia where maybe they do not have as much competition. Getting the balance sheet cleaned up, reducing debt indicates to me they may be looking for a partner or an outright sale. I believe just based on current business and the direction they are headed this will be at a higher price soon and with any other news who knows.
You make some good points about MERU taking it to the next level. If 802.11ac puts them at a technological advantage then there should be higher growth. Maybe it is time to partner in order to get that growth or as you mentioned a sale. Trying to go it alone in this competitive environment is not easy. Noticed volume was up considerably this week indicating more attention on this stock by someone.
Spot on Commentary!!!!!
MERU is heading nowhere. Competition is eating them alive. Management and BOD have their heads in the sand refusing to admit the obvious.
U have been with MERU for more than an year and market valuation for the company with 20% growth rate industry is 70 million ( GM : 65% , Net cash : 22 million and annual revenue of approx 100 million )
Street doesn;t believe in you. U don;t have any strategy or partnership ( OEM ) which can take you to next leg of growth. If u beleive ur next gen 802.11ac technolgy is ahead of the competitor..sell the company now ..provided their is any taker..Don;t milk the shareholders and the company..be honest with urself...i beleive u never learnt ur lesson from Trident , Anadigics .
BOD ..see the writing on the wall clearly..don;t be dumb..
It has been a few trading days since earnings. If you look at the daily chart for the last 5 days you can see Meru trading in a tight range. There is still some accumulation and believe the longer it stays in this narrow range the move to the 10 and 20 dma at about 3.20 and 3.30 respectively will happen quickly. The RSI seems to be basing and I hope I can add more before it makes its move.