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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Jun 10, 2014 3:50 PM Flag

    good news, bad news

    The good news is MLNK just hit a new intraday high @ $3.84. The bad news is that that price is 13 cents lower than yesterday's close. It looks as if the quarterly loss coupled with the possible loss of some business is affecting the share price. Since it is a very low margin business that they may be losing, it might not be that bad if they can bring in new business at a higher margin. That said, we're also waiting to see what kind of acquisition they might come up with to offset the NOLs. The writeup in the 10Q about the convert offering seemed to indicate that it was done at what they felt was an opportunistic time which MIGHT indicate that they're in no big rush to make a deal.

    Someone asked about the 13D/A filing, and I looked at it. It appears to me that they're shuffling MLNK stock around among various subsidiaries. The one they moved the 5+M shares to then used it as collateral to borrow something like $15M. When I saw that, I wondered if it did indicate they were readying for a deal of some sort. One thing's for sure, this stock will keep you guessing. Very little info coming out of the company...

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1.39+0.02(+1.46%)May 24 4:00 PMEDT