Let us see: Book is 5$,no dividend, and a forward pe of 49 ! The two top guys gave up and left.
What do you think? Definitely would wait until all the dusk settles and we are in the low single digits.
Sentiment: Strong Sell
if you buy now, it is just a flip of the coin. But all known in facts (not just re-affirmation as that is guessing the future) is the CEO and Chief marketing officer have left when they just recently did two major buyouts of other companies that was supposed to merge into their systems. Then, in April look at all the insider sales. Those insiders clearly knew something for the rash of sales from $14-17. They look pretty smart now.
If they sold that much in April, what is that signalling?
Both officers did not sell their shares for the last year. They just disagreed with decision to sell company or selling price and keep working on the board for 12 months..They are waiting to get more money for there shares.
Even at this point, 40+ PE doesn't look good for long term. They are expected to earn 0.27 cents in 2014. At a generous PE of 25, it comes to 6.75.
That said, might be a good play with options for a short term bounce back if it goes lower, nearer to $10.