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ModusLink Global Solutions, Inc. Message Board

  • fedele123 fedele123 Sep 16, 2010 10:43 AM Flag

    Holding up nicely and making another run soon!!

    We have about 10 days or so before earnings release. The ctock should continue its upward momentum until the earnings. I am hoping for a $7.50-$8.00 range just before earnings. Then, if earnings improved and forecast is consistent, we should rise over the next 2 months to $10.

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    • Looks like a low volume rally. I wouldn't buy into it. One thing to keep in mind is that Lawler and his crew always disappoint while they keep taking outsized compensation and stock options. It's not too long ago that this company had almost $500 million in cash and cash equivalents. It's now down to $160M and what have they gotten for the shareholders with all the money they dissipated? They should all be fired. Remember this stock is $.72 w/o the 10 for 1 reverse split.

      • 1 Reply to grubair
      • Their year end cash & equivalents last 8 years:
        2002 196M
        2003 197M
        2004 272M
        2005 192M
        2006 132M
        2007 169M
        2008 160M
        2009 169M

        Cash was used to buy some companies along the way.
        These acquisitions increased the yearly revenues of
        168M, 437M, 381M in 2002,3,4 respectively, to 1B in
        each of the last 5 years.

        During these 5 years shares outstanding have been
        reduced from 48M to 45M.

        To me, it doesn't look like they are burning cash, compensating themselves, and diluting the stock.

 
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