You should just sell your shares since you don't seem to enjoy owning them. In this day and age of being able to click click and buy/sell for commissions of about nothin why sit with something you don't like?
There are so many spectacular buys out there right now......RFP if you want a slow smooth ride to a triple over the next couple years....PNNT if you want to lock in a 17% div for the rest of your life.....EMMS if you want a 10 bagger over the next decade.....KTCC if you want to feel micro's pain....NAII for a sure thing double over the next year.....GME if you enjoy a div and can trade a bit.....BAC about every day.....CNAT if you like reading hopefuls posts and have an iffy liver.....HPT great div forever and ever amen....VTSI if you want a 50%+ move up in 7 weeks......DSWL if you like LTF and can pull the trigger faster than him.....HTCH if you are a gambler.......STLY if you want more of micro's pain.....
My only point is that this investing stuff should be fun and there are many options to make it fun.
It doesn't much matter what the stock does today or tomorrow. As long as CEO and team continue to do what they say they will do then all will be well. Anyone buying at this level will do extremely well over the next 8 - 12 months.
is probably actually bigger than 490,550. Anyone hitting this is a fool. Company is worth 3X current price and CEO has told us twice now very recently that something big is coming in late July via proxy for mid-Sept annual meeting via his 2X mention of shareholder value and liquidity.
1. I doubt if micro was ever 100% out of the stock and I would also bet he owns a few more shares today than he did a week ago. No one posts as incessantly as he does if no position. When MCZ crosses above 30 or 40 cents I'm sure he will mention how he loaded up sub-20.
2. Ron, you need to relisten to the cc. They were crystal clear that they will get the $8.3mil. Zero chance they get less. It was talked about 3 separate times and they were consistent and confident. For you to hint at $6mil makes you sound like micro the soft basher.
The FY17 guidance for non-RB4 double digit growth is obviously verses the FY16 numbers. But your point is well taken since this doesn't help too much with respect to an upper bound since double digits could mean 10% or anything above. My guess is +12 or 13% verses FY16. But again, not one prediction on this message board has ever panned out correctly. Although this is the first time ever they have provided concrete guidance. Let's hope it is conservative. Let's all check back in 8 months.
For goodness sake emory, would you please just tell us what you think happened?
MCZ is at the bottom but it isn't going to go up fast. It should double over the next 6 months and if everything goes well it could see $1 in 2 or 3 years.
I agree, it is very speculative. I simply think the company already made the decision (probably in December or January) that they would not go that route. I also think they have enough arrows in their quiver to give themselves multiple options (most of which are good for shareholders) going forward. But yes, very speculative.
While the balance sheet isn't good, I really don't think it is horrible BECAUSE of the nature, size, and timing of the Mad Catz business. There is enough money flowing back and forth and enough dollars and enough time in accounts receivable/payable and ability of customers to float/be flexible that I am pretty sure Mad Catz can navigate through this successfully without selling a brand or using the ATM. They also have the ability to make lots of creative deals with assemblers, retailers, lenders, and others....even employees.
No matter what, I will stay below 5%.
I like that the trading volume today is likely to be far less than 2% of outstanding shares and maybe even less than 1%.
This company and stock have been fun to own and follow. I now have several others worth much more to me but this one is eventually going to pay off.
a stock at the absolute bottom when it is obvious the stock will be higher in several months. In this case, I could understand someone selling in early Feb when the shakeup was announced, I could even understand some selling a day or two ago over fear of the upcoming PR and cc. But selling today when it seems rather crystal clear the leak has been plugged, the engine upgraded, and the ship at least facing the right direction?
No one in their right mind could have been buying over the last few weeks thinking there was going to be a big pop today on spectacular Q4 results.
No wonder 5% of the people make 99% of the money in this world.
It's Best Buy. They had stuff on the shelves at GameStop in 2015 and 2016. She said twice during the cc that this was a retailer where they haven't had anything on the shelves since 2014.
Good to see your post jay....really! I had sort of wondered if you still had some chips in the game.
The $8.3 was as of March 31.
My guess on revenue for FY17 is about $80million. (1.12 x .47 x 134) = 70.5mil, then add the 8.3mil of RB4 and you get close to $80mil. GM on the 70.5 will be between 27 - 30%. GM on the 8.3mil is much lower. They seem really confident about the "double digit" and the "27 - 30%". It sounded to me like there are a few more retailer deals coming and they expect a few more SKUs to be cherry picked along the way.
All I do know for certain is that even worse case break-even revenue of $75 or $80mil is worth a significant pile of money to the right buyer. But after hearing the cc, I really hope this team gets a couple years to try to turn this into something good.
You are worried NOW? The company is on infinitely better footing now than they were several months ago. Did you even read the press release and/or listen to the conference call? The CEO talked about the challenges of working through the tight cash situation several times. First, the company is in compliance with ALL loan covenants. Second, the company has less debt at end of Q4 than at the start of Q4. Third, due to their focus on core products (headsets, mice) for the upcoming Holiday season their need for cash is minimized. Fourth, and this is a big one, they will have tremendous visibility going into this Holiday season due to their return to the retail shelves. This makes terms with the manufacurers/assemblers much easier to negotiate. Fifth, they will need $9 or $10mil less cash this FY due to their now very lean organization.
I guess I am happy you have concerns. I would have them too if the stock were currently at $2 but at 15 or 20 cents these concerns are more than priced in. The reason I am happy with your worries is that it means others might also be worried and be willing to sell me more shares over the next weeks and months.
You cannot possibly believe Darren left on his own terms and timing.
Look at this as an opportunity that would otherwise never have happened. You can likely buy a whole bunch of shares sub-20cents tomorrow and I will bet you that over the next 9 months that MCZ outperforms KTCC by a wide margin.