.40 down in the aftermarket is still hard to swallow. Seems to indicate that the drop since the $6+ level last summer was no accident. A lot of folks knew something--even if HTCH hits its targets in the long run.
fred, they've reported poor numbers for a bunch of quarters now. I dont think anyone knew much. Longs are betting a turnaround begins each quarter....against the odds, but it has been a decent bet based on risk reward. Is it still a decent bet? Probably, based on the CEO's comments it does look like sales will start to rise sometime in the back half. Flip side is each qtr HTCH's asset base shrinks some.
Yep, this is taking longer than I expected but your are correct that the volume, revenue, and profits are indeed on their way. Looks to me like FY15 starting Oct1st will be it. A full year later than what I was expecting.
We do know it IS coming from this week's STX and WDC reports.
Will be interesting to see the level of insider buying next week. They have bought before in May.
This time the stock movement over the last couple months was all-knowing. Oh well, I can wait another few months.
I would be curious to hear them address market share in the cc, based on the WDC TAM for drives, it sure seems to me that, at best, they only maintained share.
The clear message at the end of the CC was that it is coming and the programs are ramping. He said expressly that it was not if, but when. He also said he saw no reason to back away from his projections of capturing a 33% market share. Pretty tough questions, answered, it seems, as forthrightly as he could given the lack of a crystal ball.. They delay does, however, start to make debt maturity an issue.