and the market has turned green and up ......and this thing goes down. One of the worst stocks I have ever traded...... You'd think the Market Makers would call a couple of hedge funds and work a deal to get this over 8. This is pure manure.....
company has razor thin margins and a history of very shaky earnings performances - there are no substantial assets either - so where should investors actually see value here ?
To become more than an occasional trading vehicle for the the momentum crowd the company needs:
1) to show a more reliable and clearly improving earnings performance
2) improve gross margins substantially
3) develop differentiators and unique selling propositions
4) increase the number of key accounts to reduce dependance on GMCR
Frankly I don't see this happening anytime soon - the company has bee around for a long time doing the business just the way it does today.
The estimeated EPS has increased 500-1000% since tumbling and lows back in Summer.
I think it's just simply controlled and manipulated by a few Shorts with money once the brief reaction buying periods settle down from intermittent positive news. They can do it with the low volume. I think the only thing that could minimize the Short control here is an acquisition possibility. Otherwise, after any good pop, the shorts will likely bring it back down.