I live in a southern coastal town with beaches. Many Americans show up in these places for the next six months and do a lot of diving, fishing, surfing, and paddle boarding. I noticed my local Costco has a large aisle/promo display for the Hero camera. Costco? They may beat suppliers down on price for a thinner margin, but they sure can drive product volume. After that - buyers need auxiliary supplies they probably will but elsewhere, places that offer GoPro a better margin and the options and extras usually go for full price (think all the junk associated with smartphones.
Maybe the market caught this, and the potential for good 1 and then 2 quarter volume!
Shorts would call it a day and cover.
Wow. That is a high market value with current financial and business realities. I would vote for Barrington director candidates. If Barrington feels a turnaround of such magnitude is possible, it looks smart for me to hold my shares and turn what I thought would be a "trade" in to an "investment. Going from $% to over $14 a share in what would be 2 years for me would be a nice win.
Expect a "take down" on this one. Someone is pounding the shares short to get to where they get to grab the whole company and it's remaining cash. They may, and probably, are just be interested in owning the brand name and will tuck in with another female apparel firm. Many individuals could buy this company - let alone a private equity fund or partnership. Pay .41 cents a share for a company with about 50 cents a share in the bank - no debt. Worth more dead than alive today.
Are they partnering with someone? Usually, though, it would be announced that a big pharma or device firm is providing money for a trial - as they will get a % of the product, or the entire product, if things work out.