BSFT stock-based compensation expense 20%+ of SALES?!
Can anyone name another company with such an obscene figure?
For 2011, BSFT's SB compensation expense was 5% of sales; for 2012,
it was 10% of sales.
For Q1 of 2013 it was 20%!
Funds owned by Franklin (9%), Fidelity (11%) and Wells Fargo (11%)
own a big chunk of this company. They're all okay with that? Are people
who own funds with those companies okay with that?
Sales and earnings growths ground to a halt, built-in
losses from expenses in stock, a 110 multiple, minimal cash growth
and generation for two years and a third quarter bar set at $47m?
The shorts are right.
When you rape a company, you deserve to go down with its ship.
The strongest of sales.
Short at $30.40 and ride it down to $15.
If this has earnings and revenue at least in line I think the chart is ready to make a move to 33ish, bouncing off the 34 sma here. Also if it takes the chart is set up for a golden cross (50sma moving over the 200sma). Plus last august it gaped 10 points on it earnings beat. I doubt we see such a large stock based comp as a typical runway. Plus there have have been a slew of insider buys this quarter, and alliance burnstien picked up 50k shares.