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STEC, Inc. Message Board

  • jimmypiersal jimmypiersal Mar 15, 2013 1:04 PM Flag

    STEC is a disaster - revenue, earnings and guidance - stock will soon see $3's

    Messages are very mixed - calling for COO resignation, saying they're switching channels and the guidance looks like a guess at best. They will burn thru cash trying to survive - doubtful.

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    • I first visited this board when it got halved from $32, looking for bargains. What I saw was nothing but a fraud - there is just no added value/leverage in doing SSD controllers. Doing flash chips and the fab $5B cost bring leverage. Incorporating into system and sell to end user, like ntap/emc of the world, brings leverage. In between is zero leverage. I said that the stock will go to nothing.

      I came when the stock got halved again after that, at $9, a whole new batch of longs here again, and said the same thing.

      So here it is, stock halved from $9. A new batch of longs here again, including young punks who have zero industry/real world experience, haven't finished school so neither can understand the technology nor run a spreadsheet to project the business (yes, you know whom you are), and I am saying it again: zero leverage in flash controllers, dime a dozen, this stock will go to nothing eventually.

      Oh don't worry, the real owners of this company, will find enough ways to spend the cash on hand to enrich themselves from now till then.

 
STEC
6.840.0000(0.00%)Sep 12 4:00 PMEDT