Why exactly should this stock be trading higher???
The company has told the market wait until the back half of the year so you expect it to go higher??? The market doing exactly what the company says, waiting for the third and fourth quarters. Duh what a surprise that is. Company says wait and the dumb market goes and waits.
Back in 2009 Click earned about 41 cents a share and traded in the seven range. Thats when it had 28 million shares or so. Today the estimate I see is down to 44 cents and surprise surprise its trading now in the seven range. Now we have 32 million shares or so. How anybody can be surprised at this turn of events is really surprising to me.
So where were you wise guy when the stock hit $9+/shr just 2 weeks ago?
Assuming your numbers are correct:
1) 2009 the company was making $0.4 * 28 million shares = Appx. $110 Million
2) 2013 the company is making $0.44 * 32 million shares = Appx. $140 million
2013 the company is making 27% more than what it did in 2009.
Hence should the stock not be at least 27& higher now (in 2013) than what it was in 2009? i.e it should now be trading in the $8.9/shr (at the minimum) as oppose to $7.70/shr)? Not taking into account any future growth prospects either.
Hence either the market is shooting itself in the foot by going to the extreme (in this case to the lower side), OR there is something else that we do not know (and maybe wise guys like you wold tell us AFTER the become known). LOL
I am not trying to be a wise guy. I am expanding a little on the previous posts about stock dilution. Yes total earnings are up but so are the total number of shares. Stocks can always trade outside a normal range (think bell curve). Also the company is saying hey wait for it (earnings) so the market is waiting. That doesnt mean if some buyer steps into a thinly traded stock that we cant have gyrations. I just dont see how anyone can be surprised the price has been fairly flat when we are being told to wait.