I just bought in as i am seeing a large slide the past 2 days however i am finding trouble in explaining the slide. what is killing this stock - aside for the recent downgrade?
To to the Velti web site. Bring up the analyst day web cast. Go to 4hr, 56minute into the web cast and start listening.
go to streetinsider then search velti report Well explained there
so basically the analysts slash 50% of their original targets so its dropped 35% even though nothing much has changed
panic selling because ebitda for 2013 will be lower then 2012
but cash flow (witch is real cash and this is what important) will be much better
It looks like the comfort zone of the stock was about $5 the past few months.
Does the lower EBITDA for 2013 warrant a 25% + discount?
What price target are you looking for?