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Avid Technology, Inc. Message Board

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  • bearsrule_bullsdrool bearsrule_bullsdrool Feb 10, 2003 3:01 PM Flag

    YO BEARSRULE:

    Thanks, but no thanks.

    Take a look at the recent short interest though:

    http://www.nasdaq.com/asp/quotes_full.asp?mode=&kind=shortint&symbol=AVID&symbol
    =&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mktt
    ype=&pathname=&page=short&selected=AVID


    Max Pain for the month of March is now hovering between $17.50 and $20. MM's never like to lose money. I follow the money and the money is flowing out of AVID right now for some reason. I don't care why, I just don't want to be on the wrong side when it happens.

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    • I'm short and here's why.

      The reason money is flowing out of Avid and the reason the smart money is shorting is simple. Avid had one of the worst quarters in the company's history.

      Just pay attention to DTV's posts. He's a company paid shill and mentioned that it would be dumb for managment to exercise options before year end - as it triggers a taxable event. What a laugh! Management exercised as many options as humanly possible, just before year end, right under DTV's nose (is DTV lying?).

      Sugarr might be right, and dtv is just an idiot, but who knows?

      The cash increase for the quarter is 100% option exercises - the whole $11 million! Management states this clearly in the CC, albeit in a quick introductory sentence, designed for all to miss. I wonder why?

      Furthermore, top line sales growth year to year is negative by 4%.

      The 4th Q's eps is the result of applying a 6.7% income tax rate for the quarter, while the 2001 YTD avg rate is over 35%! This fudge factor alone, if corrected, would drop GAAP Eps to just 10 cents per share - look it up.

      Then, the CFO is asked what "operating cash flow" was for the quarter and gets a convenient case of amnesia. He claims he doesn't know as he didn't bring that schedule. Sure. The amnesia is the direct result of operating flow being ZERO or NEGATIVE. That is, the company's earnings are NON CASH mumbo-jumbo.

      Even the corner grocer knows his cash flow, so the CFO is either lying or incompetent.

      We all know the answer. As I write, management their shills (eg. Ingrassia from Roth Capital) are pumping out press releases as they sell as fast as they can.

      1st Q 2003 will have dilution that will kill even the dumbest long.

      How'd I do Sugarr?

      Hope you're fully short.

      This is not all, just the tip of the iceberg.

      This company is a smoke and mirrors, pump & dump scheme. Just check out the numbers.

      There's a reason it has a cumulative net loss since its inception in excess of $250 million! Imagine owning this entire company and be sitting on this kind of career performance.

      Imagine, management cashing in options and making millions selling them in the 20s. Why did everyone say this was a blow out quarter given the above, easy to substantiate, facts?

      Because the institutions and management are fleecing the public (thank you Sugarr).

    • "I follow the money and the money is flowing out of AVID right now for some reason"


      LOL...guess thats why the stock continues to fall and why volume continues to be very low..And you call me a rookie..

 
AVID
8.32+0.07(+0.85%)Aug 28 3:02 PMEDT

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