Did listen to it - still think HK should stay off the floor. I think he has done a great job in setting the company up for the future, which is why I am still long, but the market needs to hear from a pro who has talking-points in order, and can use them to the company's advantage. I feel that HK is great in operations, but needs to farm out the PR job... or go to school on it if he insists on talking.
The problem is not the past quarter, it's the fact that their projections seem off-the-cuff. Projected numbers should have some basis in fact; the information is out there, and they should be able to show how they will be affected by the general markets.
There are some businesses that are just not particularly well suited for a quarerly analysis. I would rather no or limited guidance than bad guidance. The company seems on the right track to me. This sell-off is purely technicals based IMO.
stocks in general look cheap, so why buy this one? If you factor in that earnings may not grow significantly, if at all, and insiders continue to sell, where is the upside? This is the plain truth. Technically, we're going to $9.50 with possible downside of $7/share.
this thing broke all kinds of support starting with the 200 day 100 day and 50 day moving averages. it looks cheap on valuation but many day traders were slaughtered with the bad quarter. looks like support is in the mid 9s
I believe IDSA could fall to mid $9's too. Insider sales may pick up by year end and blocks will be larger driving stock lower. Float makes it hard for insiders to sell witrhout cratering stock, as I believe MM steps in to maintain liquidity, but gives larger block sellers a haircut. Momentum continues down for a while IMO even though profits were good.