It is my opinion that something isn't right. Supposed to announce earning and the stock is stuck at $11. No volume, no interest, no news. I was hoping for some movement before Monday and am somewhat concerned right now.
Recent Corporate Updates:
•To report record 2010 financial results in March 2011
•Barclays Capital: Non-deal road show anticipated April 2011
•Wells Fargo Securities: Non-deal road show completed during the week of Sept. 20, 2010
•Reported record Q3/2010 financial results:
Revenue grew 108% to $55.26 million, net income grew 125% to $9.27 million
•Raised 2010 financial guidance: $172 million in revenue and $29 million in net income
•Announced $20 million share buyback (May 2010)
•Insider share lockup through 2013: insiders own approximately 51% of Deer
Deer Consumer Products, Inc. Financial Reporting Schedule (Deer's fiscal yearend is December 31):
Deer files annual report with the SEC within 75 days after the end of each fiscal year. An example: Deer's 2010 annual report is due March 15, 2011. The annual report includes financials that are audited under US GAAP.
Deer files quarterly report with the SEC within 40 days after the end of each quarter. Deer's quarters end on March 31, June 30 and September 30.
Each year, Deer files one annual report and three quarterly reports with the SEC.
Like any company, its annual report (10-K) is due within 90 days after the end of a fiscal year. Which means DEER's annual report deadline is March 31. Quarterly reporting (10-Q) is due 45 days after the end of each quarter. This is a very strong company with tremendous growth potentials. Don't let the short sellers manipulate your brain! Do your own homework: http://www.deerinc.com/
Based on what fact is DEER "a very strong company with tremendous growth potentials"?
Growth rates forecasted for DEER are below the sectors. This quarter growth is expected at 25% vs 89% for the industry.
This is not a very strong company as their gross margins will get squeezed very quickly. The only cash they have has been from Sale of stock or else they would be losing money.
Don't listen to the Pumpers and Bagholders - Look at the financials and see this is a train wreck waiting to happen
Last year they announced on March 2nd. In 2009 they announced on March 31st.
What's the big deal. They'll put out a press release announcing the day of earnings and the dial-in number like most companies.
Also, why would Deer post the recent BMO report so prominently on its website if it wasn't de facto, endorsing the estimates therein?
Most companies never do that because they don;t want to be perceived as endorsing, not that there's anything legal wrong with that.
Just so everyone knows, institutional fund flows have been moving OUT of developing countries such as China in the last few weeks and back into the US and Europe.
The fact that there has been pressure could very likely be emerging market fund redemption selling.
Is that "good" or "bad?" Who knows? eventually the numbers and outlook will speak for themselves.
Their Web Site had originally listed Feb 28th as the date they would announce earning. Etrade still is showing tomorrow. Every other time, they always announced by the 10th. Why so long this time? This still has me concerned enough to sell off most of my position in DEER. May be wrong, but just too many "red flags" to ignore IMHO.