It is already well proven that Shabtai does not care if he looks like a #$%$ as long as he is making money while he is looking like a #$%$. My guess is that the low volume currently is a by product of a large number of shares being tendered. Question is will they be sold when back in the hands of the owners? Hopefully the 2d Q report will stem the tide.
Well for the next couple of weeks we will probably be in a fairly narrow trading range. Then after the tender is completed I suspect we will have a run at $5 sometime before labor day.
The tender offer expires approx 10-14 days prior to the date when AUDC would typically report earnings. If 2nd Q earnings were looking below expectations Shabtai would be an idiot to make the tender offer at $4.35. Obviously he is in somewhat of a hurry to get the share count down asap. My take is that 2nd Q revenue and earnings will at least meet expectations and that he is preparing the company for a buyout in the next 12 months. Alternatively it could be that the outlook for the remainder of the year is now much better than forecast. It is hard to see the tender as bad news but who knows.
There were lots and lots of sellers yesterday but in the end they were overwhelmed with the first significant volume on a non news day in quite awhile. Quite a few blocks also. There was nothing in the news to account for this. The day stands out. It will be interesting to to see if the volume remains high and whether this might be a test for the old adage that volume precedes price.
conference call transcript is available. Good call. new R&D grant from Israeli government for over $21m through 2018. Deustch Telecom project is big one through 2019 with most revenue beginning next year.
Report happens to be just what management and the analysts predicted but with a slight revenue beat. wish it were better but it looks like a longer wait.
Sounds like a big deal but it sure isn't reflected in today's price. Lots of holders sure are scared about tomorrow s numbers.