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Liquidity Services, Inc. Message Board

  • wallstreet_ny911 wallstreet_ny911 May 8, 2014 4:41 PM Flag

    Remaining long...

    This stock hit $27.14 on Apr 1, 2014. Just 5 weeks later it closes at $12.17. That's a $15/share pounding for reduced short-term guidance. Growth will return next year, and they still have 100mil in cash & no debt, and are the leader in their industry. I've been long for awhile and have not enjoyed this short term hit, but I'm not worried about the long term.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Reduced short-term guidance isn't what cause the drop.
      Their current business model is broken and they now have to reinvent themselves: Multi-year transformation.
      If they are successful ... this stock could really be worth something.
      But it's going to be a game of wait and see. Don't forget too that margin calls could take it lower in the short-term and panicked investors as well. And even if everybody was as calm as you... this dirty business of Naked Shorting still goes on.
      I'm cautious on this stock because of those factors in the short-term.

    • Agreed, the share price is back to May 2010 levels when they earned $.44 a share. Oversold hard.

    • Buying now would be less stressful, but holding from $27.14 has to be a peace killer.

      • 1 Reply to octopus1_2000
      • It's got nothing to do with reduced guidance. As one poster stated; their business model is shot. They need to transition into something else and investors aren't going to wait around. Just because a stock is lower, doesn't mean it's cheap. I could see this taking another pounding once the oversoldness is worn off. This is dead money for the next year and in an unforgiving market like this, it makes no sense to dump money into it.

        If you lost big....lick your wounds, take the hit and move on. There's so many better places to put your money

        Good luck

        And I was a raging bull on this stock at $17-$18 after the initial drop...I lost and that's that.

 
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