NVTL will trade on momentum of a speculated buyout &/or M2M Industry growth projections between now and earnings. The fact that they announced their restructuring thus taking costs out of the business should only result in improved EPS guidance on the earnings release as those costs haven't yet been factored in. If they can get their costs in order, they have enough revenue and potential revenue in this space to be much higher. For these reason, I believe NVTL climbs back above $4 before earnings based on improved future guidance expectations on the call.
The writer of today's Seeking Alpha article just confirmed my point from last week (with much more detail) that the upcoming earnings release & guidance should be much more interesting than what Q3 earning by itself will produce. If they can guide to revenue growth and significantly improved EPS guidance based on restructuring and margin improvements, NVTL share price could quickly more closer to 1X revenue. $8 to $10 a share by the end of the year. Or, at least a buyout in that range if they are ready to sell the company.
Why cares only prior earnig?
If prior earning and Right after earning there is small pull back, great opportunity to add more, if earning ( which not expect to be exciting ) has no negative impact on SP, then confirmed very bullish, keep adding
Buy high sell higher!
After great run early this year and deep consolidation, with expected growing revenue and almost for sure profitable next year, I see another run starts right here. IMO