I could not take the excitement today.
I had a limit "buy" order execute in late October (I was not watching) while on a "long weekend" trip (I am not a Blackberry always connected person).
With 20% up in less than 60 days - I moved to the side - again this morning. I do not understand the past two days movement, but I will gladly capitalize on luck while ignorant of truth or reason.
Good luck with your "investment'. See ya again in 2011.
Yes. But if there's enough insider ownership plus a couple big investors, they may get a 51% vote to take the offer. And many traders who buy in at low prices will be froathing at the mouth for a quick buck. This could easily be run down to $2 on disappointing earnings. Traders and such who buy in low will happily take a $3.25 offer. They'll vote yes too.
The new owners don't care about the run down price because they make their money later by building the value back up and cash flow. And they can sell it later at a higher price. Welcome Gordan Gecko. See VCGH for a prime example. The CEO has tried twice this year for this very thing.
You may do it - but next January 2012.
The price is interesting, based only on the products and their quality, and that material costs, CGS, may come down from where they are now.
Near term, the financials and the balance sheet looks poor. The earnings report in November should be somewhere between poor to no big deal.
Trust me - I want to buy too - but the chart that I have watched and played for 38 months is scary if one extrapolates out the slope of the curve.
I really want SMBL to be an "investment", but that to date would have been disasterous!
I think the dairy milk is a mistake of theirs. They should concentrate on alternatives to milk, just as they have done in the butter-substitute space. Dairy is a flat/decreasing market, while the substitute market is growing very strongly.
Declining revenue (and it's supposed to be a growth stock).
Diminished cash and cash flow.
New product (milk) that is hasn't really taken off?
Bk value based on goodwill? Can it fall further?
This $3.60 seems to be holding, but another $.50 drop seems more possible than a $.50 pop right now.
Agreed. I keep watching and hoping I can put a profitable scenario in to re-enter a position - for my fourth time - but -
Just do not see the light of day, so the SMBL stock walet stays tight in the pocket.
Seriously, correct me if I'm wrong, but I thought that book value did not include goodwill? Neglecting the goodwill impairment charge, they still made a tiny profit. I expect stocks that are losing money every quarter to trade below book value -- or do investors expect that to be the case for SMBL soon?