Why did Kevin Douglas continue buying AMSC from $40 on down to $3 while I continued shorting from $43 to $1 (my former price target...now I value the equity at $0)? Some people with a lot of money do brilliant things while others are simply fools making me even wealthier. Btw, he did the same thing buying my shares short with WPRT from $40 on down. The posts are all there and on AMSC as well. Bear-bashing jumpers like you love talking trash as much as you love losing money. Take from a guy that's been plundering fools like you on Yahoo's board for well over a decade. Just like I've told Kevin Douglas, the board jumpers on AFOP, FNSR, etc.--countless others, you'll lose. Bank on it. I'm here a decade+ for a reason. :)
I said I will cover at $8 and consider long thereafter. I think you'll find CLFD as low #$%$ 70,000 square ft facility? That's not even a storage shed for a real-sized company. The lipstick on this pig is coming off just like AFOP which got slaughtered for -4% today. We shorts own the prices of all these over-hyped, over-pumped fiber stocks. It reminds me of all the cable TV (MOSs) stocks pumped before the infamous triple play hype. We watched them all collapse into that hype just like Dotcom days. lol These fiber stocks aren't going anywhere anytime soon. And don't forget, I was the one saying buy CLFD at $17 and sell at $22. Now's not time to be long. Yep, I said it. Short and prosperous...
you say "you wouldn't be long anything" but 15 minutes before you posted this you said you would buy in the 7s. Clearly anything you say is worthless.
so why do Roth and Hayssen buy 10k+ shares every quarter? Why does Cheri vest her options but never sells? How many more millions does Roth have compared to you. Why is Clearfield materially increasing their production space? Where is the smart money?
Do you even believe the stuff you write?
Giant Tech/ Telecom ( Google - AT&T - Verizon) are busy building out "Fiberhoods" as fast as they can. In the mean time, many Fiber related stocks have had significant pullbacks this year..some have gotten crushed down to attractive levels...time is on our side.......ROE 16.5% $0 debt....Insider ownership 14%
This is just a small sample. Insiders know uglier times ahead despite good "game faces."
Sep 10, 2014 HAYWARD DONALD R.Director 4,900 Direct Option Exercise at $5.34 - $5.91 per share. 28,0002
Aug 27, 2014 HAYWARD DONALD R.Director 5,056 Direct Sale at $13.93 per share.
Aug 26, 2014 HAYWARD DONALD R.Director 4,444 Direct Sale at $13.85 per share.
Looking at broader markets, chart, etc., I don't think CLFD down to $5 is out of the question. While I have a target at $8, I'd recommend covering there and hold on acquiring shares until we find out just how bad the Fed bubble-to-nowhere busts. Markets could effectively crash to levels rivaling the 1929 Crash in terms of percentages. None of the US structural problems are fixed--simply they were glossed over and wrapped in trillions of more debt to nowhere. The US is dead broke and in worse shape and it's yet to pay the fiddler a penny. I wouldn't be long anything, period. Cheap will only get CHEAPER.
So you deny the charts look like pre-dotcom crash or the other FACT insiders have been DUMPING massive amounts of their shares? FNSR, AFOP, CLFD, CIEN, etc....they've ALL been dumping massive shares for last 2 years. Oh, yeah, the charts must be just coincidental, too. Bwhahahahahahahaha!!!
Gee, seeing AFOP still has 27% rev growth and even more growth in (non-GAAP, due to special tax item) earnings, I'd bet CLFD is heading to $8. AFOP's results are going to have to sour more to drop from here, but CLFD is WAY over-valued with its terrible results as of late.
Yeah, just waste your money holding this junk. $8 coming. Bank on it. I am. In fact, I'll probably be covering and buying in $7s. I'm always early you know.
Will somebody disconnect this thing from the HFT machines and let it fly vertical....2 months of this, ....enough already!!!
Google confirmed to the Wall Street Journal that they hired Dennis Kish, the ex senior V.P. at Qualcomm and Ericsson V.P. , to head Google Fiber. Google wouldn't be bringing on a guy like Kish unless they were serious about pushing out their fiber offering far and wide (with an eventual wireless component as well?).
thanks for the analysis, very re-assuring... great to hear from someone with a history and track record following this company.....
In the 4 years I have been involved with CLFD the stock has run up 50% to 100%and subsequently retraced 50% on 4 or 5 occasions. The only difference this time is it ran to much higher levels so the pullback looks more dramatic but in reality its just repeating what it has done many times. The stock price got ahead of itself and it pulled back. IMO the direct reason for the pullback this time is the fact that the company is transitioning from a revenue base of many small customers to a revenue base of many small customers plus a few very large customers. When there is a blip in the ordering pattern of a customer that is 2% of your revenue per quarter it's not really noticed. When you experience the same blip from a customer that has been contributing 20%-30% of your revenue per quarter, it gets noticed fast. Particularly by the short sellers.
Right now CLFD is in an ordering trough from Google while they await the start their Austin deployment and while they await Telcordia certification for their new products which will be aimed at Centurylink and other Tier 2's. IMO they have done very well still growing revenues nicely Y/Y despite the lumpy ordering pattern from such a large customer. Management, who has proven themselves to be extremely conservative, have opened the purse strings and are spending $2.1mm to outfit their new facility. Everything in their past behavior says there is no way they increase their manufacturing and warehouse space if they weren't confident about future business. They don't spend money unless there is a good reason. Also, CLFD's product line is much smaller then their major competitors so my belief is they probably will add a fair number of new SKU's going forward which the new manufacturing and warehouse space will help support.
My guess is a higher level of shareholder communication is coming. This isn't a mom and pop operation anymore. Too much going on to fit into two paragraphs in an earnings PR.
Agree with you re: communications.
I whined about it for years. Bigredanalyst told me: Ain't never going to happen. IMO we have the shorts on the attack, but they often do this with fundamentally good stocks. Once they move on, i think we will see some gains.
BTW, what is clfd going to do with its' stash of cash. how about a little divy.
True, but it appears that the market is worried about demand. The stock has been hammered in half. I wish the CEO would provide more information to investors. Hopefully they can put all that square footage to use.