Any other long term holders out there questioning price activity? There appears to be some volume to the move. Curious after hours quote sub $5 last night as well caught my attention. Earnings next week any concerns? Last call was looking pretty positive going forward. Maybe the push down before the take out?
They said Q1 bookings should be similar to Q4 bookings, which weren't great. But what I don't get is they raised quarterly dividend to .08 and made a comment in last CC Q&A that suggested they wouldn't be dropping it back down. So they must see bookings, revenues & earnings picking up later this year. Stock sure a great buy here if that's the case. Dividend yield alone at a hefty 5.7% makes the stock attractive.
Yeah troubling action for sure. From over $7 a few weeks ago. To a low of $5.38 this morning. And this is while the broader markets are soaring! Even the junk is going up. Yet EVOL keeps sliding. Think there's a leak that earnings next week will stink. They kinda hinted on last CC that Q1 would just be a so-so quarter. But maybe things have gotten a lot worse??
The CEO actually said that the next 2 quarters will be slow. No news about new contracts. The only good news is the increased dividends. The most I expect for this quarter is 0.08 (vs. an estimate of 0.11).