How many companies have experienced a total melt down of legacy business only to be replaced by a new and exciting growth business? The bears on this stock have no imagination. They look at past results (legacy business) but can't see the growth potential of LED retrofit business. I bought more and will continue to buy more. This stock is a steal under $3.00. As far as the bears are concerned, sell your stock now. I'm a buyer and when it hits $6, I'll have a double and you'll have regrets.
You didn't read the press release about guidance for fiscal 2016? The release stated that significant LED retrofit sales are predicted, that gross margins are going to improve and that EBITDA profits are coming in fiscal 2016. This was a public press release and it caused the price and volume spurt, not insider information.
Don't believe everything you read. Doesn't mean it won't happen, but their record is not good historically. These are the words from the CEO. What would you expect any company to say about their future? That they are going to continue to severely underperform? The investors would call for their heads! Executive management is under the microscope with a short future if things don't turnaround. Not saying they don't believe the company can turn around and won't give it 1000% effort, but at a minimum projecting a positive outlook keeps them in their seats, at least for a while.
Every NFL team thinks they are going to win the Super Bowl before the season starts too!
Last February they raised $19 millions at $3.50 per share!!!Cash flow positive just a few months away!!!
Someone is buying large volumes.
Obviously they possess privileged information.
Is a buyout imminent, is Orion's business plan coming together or is there something else at play?
and if you believe this load of #$%$ I have an oceanfront property in Arizona to sell ya! Seriously, who writes this stuff? delusional!
Sentiment: Strong Sell
drinking boots of Weissbeer and getting laid at the Lighthouse Inn. If this stock goes down in the morning it won't be management's fault. It has to be Janet Yellen.
The problem is a soft transitional market to LED in general. Go look at their percentage increase in LED sales. If you don't like it, sell the stock and go buy cree. They have an existing install base to actually grow as the prices come down they can get business from years past already and as the technology evens out from a supply chain they will be able to manage the margin on the LDR later this year.
It will not get better until this time next year so enjoy your comments and hate on the leadership, but they are the same guys who just raised more capital at much higher levels than here. The leadership they have now got them the fortune 500 customers, started a solar division that cash-flowed painful decisions from the past leadership, and has pushed them ahead to new markets with new technology. Of course the transition was going to be painful and they are not going to spend every dollar to your liking, but at least there is a transition we are talking about and not a bankrupcy like was in the cards under the old regime.
Someone is going to take the LED retrofit market and at these levels the downside risk is pretty low with real upside if they can continue the pace of LED growth.
Me too. Same old, same old. Smooth talking salesmanship from the CEO shining up a turd every quarter hoping nobody notices the smell. Unfortunately most investors can't know what has or is going on with this company's culture inside the four walls and how their invested dollars have been wasted, i.e. millions of dollars of obsolete materials and products, Road America/racing sponsorship, remodeling for open concept workspace requiring tearing out offices and buying/installing entirely new office furniture at hundreds of thousands of dollars, multiple high dollar consultant fees with questionable resulting benefits, unnecessary ego-driven travel and hotel expenses by multiple employees to ring the closing bell at the NYSE when the company is bleeding money, disproportionate personnel turnover that is ignored or allowed to be explained away to the BOD when it is an obvious red flag, exorbitant executive compensation for miserable results and performance, etc., etc.
As beautiful and impressive as the HQ is underneath that exterior is not a pretty sight.
Sincerely hope things turn around, but just can't see it with under this leadership.
Was having dinner at the golf course when two men approached our table and asked if they could buy us a drink at the bar when we were finished, they had something they wanted to discuss.
They wanted to know if we could confirm rumors that Orion was on the verge of being acquired. Also wanted to discuss perceived misconduct by management and the board, basically misconduct that placed shareholders in harm's way.
Does anyone have any information to share that may help to clarify either of these matters?