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Global Axcess Corp. Message Board

  • mjw59801 mjw59801 Mar 5, 2011 12:55 PM Flag

    Stock should go up on Monday


    They have already implemented several changes to increase revenues and profits. Q1 revenue projections of 7-7.5mm represent a sequential improvement of 15-23% compared to Q4, which is an impressive increase in organic growth, particularly considering that the ATM business is usually strongest in Q4.

    Based on the recent trading range of 0.45-0.50 it's pretty obvious that the investing community was expecting bad news. The Q4 news wasn't as bad as expected and the management changes and forward guidance are positives. I think we trade north of 0.55 on Monday, but I've been wrong many times before with short-term stock predictions.

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    • You see this much more optimistically than I do. It is generally not good when key officers depart. They are also reporting a substantial loss in the fourth quarter and their plans for solving their problems remain to be proven effective. Now we know why the shr price was under such pressure...

      So the question about DVDs hanging onto market share comes round and round as it appears many kiosks are not successfully generating sufficient revenue. IMHO this puts GAXC under a cloud. I will continue to follow it but not buy shares for now.

      Might want to listen closely to the tenor of Monday's CC.


0.00070.0000(0.00%)Nov 30 11:28 AMEST