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Planar Systems, Inc. Message Board

  • alexalekhine alexalekhine Nov 30, 2012 10:26 AM Flag

    Excellent News: PLNR Announces Sale of EL Business for $6.5 million

    The purchase price includes $3.9 million in cash at closing and a $2.6 million promissory note!

    There is also up to a $3.5 million "earn out" for 2013, 2014, and 2015.

    Revevnue guidance for 13FQ1 is revised to $41-$4 million range and 13FQ1 eps (non-GAAP) is now guided to a range of a 5 cent loss to a one cent profit.

    The stock is up 19% to $1.36.

    Slumber is apparently NOT the operative word in Beavertown.

    aa

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    • Hi guys... Researching stocks to see if they have potential Just wanted to give my two cents... All the reason "alexalekhine" gives for the stock performance is reasonable. The problem is there is nothing that directly ties a stock's performance 1:1 to reason. Stocks / markets are irrational by nature - we all know that, I guess.

      I am a neutral here (neither long or short PLNR) and with a good feel for the technical landscape. PLNR looks (right now) to trade under a buck in 2013. The chart IS STILL as bearish is as gets! Sorry!!

      Watch the price in the coming months and understand that it is too simple to read the tea leaves here (if you know what to look for) and yet many will look for any reason to buy lower and lower and lower... Drip, drip, drip...

      _______________________________________________________________________
      Here are SOME other stocks +99% of investors missed (yet the buy signs were obvious) when they started moving a few months back; REGN, RGR, INFI, CLSN, SRPT, ARNA, DYAX, SNTS, NTE, DDD, SHW, SIRI, PHM, V, CVI, CONN, PSX and TASR just to mention a few...

      If YOU ever get tired of watching your stocks lose YOU money then consider :m:u:a:t:h:e: . :c:o:m: (without the colons).

    • Yeah, the news is definitely giving them a spike today, but it really doesn't change the bigger dismal picture of floundering sales and being unprofitable.

      • 2 Replies to david_a_rankin
      • realinvestmentstrategies realinvestmentstrategies Nov 30, 2012 12:39 PM Flag

        Can you imagine the hassle they must have had trying to run a small operation in Finland? IMO this is great news, simplifies their business, and it probably gets rid of a business segment that was using their cash.

      • If you are so down, what is your interest here?
        What keeps you coming back?
        Beaverton resident?
        Former employee?
        Current employee?
        Short seller?
        Come on! Cough it up!

        But seriously, this is a very significant step forward for PLNR:

        It increases their cash resources,
        reduces their operating losses,
        increases ongoing cash flow from operations
        eliminates a management distraction (managing a far away operation)
        increases the percentage of the remaining business in growth markets, and
        should reduce the cost base.
        Stock is now $1.39 bid and $1.40 offered.

        My most recent purchase (which looked bad for a few months) now is in the black).

        aa

 
PLNR
6.580.00(0.00%)Nov 27 1:00 PMEST