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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 May 16, 2008 10:07 AM Flag

    Healthy and educational..Read over last couple of weeks

    Have you not learned your lesson? Wasn't it just a few weeks ago that this stock was $16? This is just shorts covering on the buyback news. Once the dust settles, and without any significant revenue announcements, it will drift back down. Buying back 7% of the company stock should theoretically cause the price to go up 7%. It has gone up way past 7%, so, it is actually overpriced based on market sentiment prior to the buyback announcement. The only thing that will keep the price up is contracts that significantly increase revenue. The market knows what to expect from Echelon for the rest of 2008 based on guidance given at the cc. Based on that guidance, the market believes $11-$12 is the value. If they meet those numbers, what makes anyone think the price is going to soar?

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    • >>The market knows what to expect from Echelon for the rest of 2008 based on guidance given at the cc. Based on that guidance, the market believes $11-$12 is the value. If they meet those numbers, what makes anyone think the price is going to soar?<<

      I don't know about "soar", but I don't think the market is at all confident Echelon will make (revised) guidance. For example, I am modeling $99M NES revenues vs $110M guidance, because the backlog simply isn't there, and KO is telegraphing uncertainty, loud and clear.

      If they do make guidance, the market would presumably revise expectations and valuations upward.

      micro

    • Take off A

    • Greenhouse and outhouse gases

    • Greenhouse and outhouse gases

    • Jmrrrr..Buyback is only of little significance, its only an announcement to consider buying back 3m shares over next 3 years...Reaching a technical chart bottom and bouncing off is more important. Now fund money will come back to markets, already is, ...and HALF of stock prices are reflected by general market moves, NOT stock fundamentals. There will be some pullback of markets and ELON but now overall move is UP. Got to reiterate, $11 is very nice spot to have gotten shares,(I certainly have, and increased my position nicely and making good money because of it). Soon fundamentals will improve as large contracts are scheduled to be awarded next 12 months in EU and USA..If you think ELON stock is any good at all, why would you quibble about buying at 12 month lows of $11? Confounding thought process on your part.

 
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