Would have expected a better move than this. They have kept shareholders in the dark for years and now have this significant headline, not much of a move. Perhaps will occur in the next few days. Seems we have hit bottom here and could only go up.
I do not understand how a company does nothing to try to be profitable. If you lose large accounts, you cut staff to align with revenues. Cut...cut..cut until profitable.
Three months later we are at $2.40 and much better positioned with the sale of the building, new CEO, and lots of games being released in the last 9 months of 2016. It will run back to $2.70 before earnings in a few weeks.
I honestly never thought this stock would fall under $2. I hope they have something for next earnings release in a few weeks. This is ridiculous. I thought that $3 was low and now it is under $2
Cash is king and they have. They can ride out this bad spot here. The previous quarter was not bad at all. Markets like to sell everything off. The stock will be back at $2.30 within weeks and over $2.50 by end of March. Start buying, very low risk and high reward.
Thanks for including me in your message post. I have also held for a long time, have 3000 shares, I wish I had sold when the stock was near $4 in the summer. I truly believe you should hold on for another year. The company has never been this low ever, it can only get better and I still think they will make a big acquisition by the springtime, especially now that the stock prices have gone down, there may be some better prices for MLNK to buy. I say hold on, if the stock spikes , then sell. I am looking for a spike to the $3.50-$4.00 range.
We all knew earnings were not going to be good. Any other company changing CEO would bring the stock up (example Twitter), but not GRPN. This stock is hated. The $3.00 price is ridiculous. It should bounce back in the next few days. Next quarter will be better for the new CEO. Tons of cash on the balance sheet, no debt, brand name, etc.....$3.50 by end of week if not more.