1. "year over year declining revenue base"
Fact: 2009=$116mm revs. 2010=$210mm. 2011= $240mm revs. 2012= $321mm . 2013= $257mm. 2014=$263mm. I down year in the last 5 doesn't mean a thing.
2." Reliance on a technology that has become a commodity"
Fact: MoCa is patented. Seems a commodity would not be granted a patent.
3."A competitor that can produce a superior product"
Fact: BRCM's integrated box was first to market......not superior. Now that ENTR has one as well we will find out who's is better.
4."Stock price has suffered while the market has roared"
Fact. past performance does not guarantee future performance. See any fund sales literature.
5. "Every earnings release the company guides lower and disappoints"
Fact: August 1, 2012 ENTR gave the following guidance for Q3:
Earnings- $.08 (consensus $.07)
Revenues- $88-89mm (consensus $85mm)
Other than that everything else is true.
Why would you expect airborne_tevent short thesis to hold water?
None of his predecessor id's could make a case without using the same material misrepresentations.
Remember texxmexx and kenberthiamune? "they" (lol!) spent nearly a year buried in a 4.00 short after their predictions of imminent declines blew up in "their' faces, lol!!
Sentiment: Strong Buy