This will bounce...complete non-sense buying oppty
TNGO shares have dropped by nearly 17% this afternoon, likely caused by the negative " Street Sweeper Blog " The " Street Sweeper disclosed that it sold a total of 122,773 shares short." Bloggers who have a significant short position may be highly motivated to have the stock decline below $10.
You seem to believe that the only reasonable action is for the funds/institutions to sell based on the presumption of declining share price. Please consider that short sellers typically use risk algorithms that cause them to cover their positions if the stock does not fall to their designated price. Their patience is as short as their positions.
A short frequently has much more to lose than a long. This is why a near term opportunity exists for longs to profit from a short squeeze in TNGO. Buyers, looking at the strong fundamentals of TNGO, may be less concerned and more likely to capitalize on the opportunity for near term enhanced returns, than short sellers who will blow out of their short positions if their objectives are not quickly achieved.
I am not aware of any new information that the " Short Seller Street Sweeper Blogger ", and those who have a similar financial interest in the stocks decline, have provided that is not already in the public domain. What is new is their analysis, which understandably is motivated by financial gain.
Total revenue of $36.3 million, up 39% year-over-year
GAAP operating income of $0.5 million; non-GAAP operating income of $4.4 million, up 52% year-over-year
GAAP net income of $0.3 million; non-GAAP net income of $4.2 million
Adjusted EBITDA of $4.7 million, up 52% year-over-year
Increases revenue and profitability guidance – including and excluding the expected impact from the Symphony Teleca’s TEM Business acquisition
Orange, Conn., August 8, 2012 — Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of communications lifecycle management (CLM) software and related services, today announced financial results for its second quarter ended June 30, 2012.
the information in their report is legit, this is an M&A rollup story trading like it has huge organic growth, the stock is grossly overvalued in the OSS/BSS space. Should be 1x-2x sales which is $8-$12 downside from here.
Rollups NEVER work. Check out what the Street did to KITD. This will happen here as well. Once these clowns have cashed out former owners all the talent and customers will leave. This is a single digit midget in the making.