so RBCN is continually saddled with idle plant costs while GTAT is building new facilities.
seem like savvy mangement would have been able to strike a deal with GTAT to make both companies happy.
glad i sold this dog at 10 (for a loss)
I am not going to argue valuation with the CFO.
I didnt think it was possible to buy under 35 ever again but I am going to wait a few days to see if I can get back in cheap. I got called out of my stock at 37.
yup, just got rid of the last of mine too. I was holding a little just in case but I am just watching now.
I may reenter if it gets North of 5 but not till then. good luck all
out at 24.90
I am looking to get back in at 23. many speculators leaving the building who were gambling on a pop from the end of the quiet period.
instead, all the runup happened BEFORE the quiet period ended.
his job is to produce results, not inflate the stock.
be an investor, not a gambler. it is a good buy here.
if you mean fat chance, then you were correct.
good chance BAC @17 in a about a week is a better prediction.
I am not making a bullish case. I think the price is quite accurate if you understand the whole financial picture.
you cant simplify it to a PE ratio.
The question was "why is the PE so high"
the answer is
because the company has $10/share in cash
which makes the PE look high.
it isn't high because of high growth expectations.
EV/E is the better metric and CREE is fairly valued.
The market has it right.
that is true if you are looking at the numbers without understanding the accounting.
lets take 2 companies.
they both make earnings of $2/share
One, we will call ABC, has $10 in net debt.
the other, we will call CREE, has $10 in cash
are those 2 companies worth the same?
is it proper to assign a PE of 20 to both companies?
or is one worth $50 and the other $30 ??
I use the term Real PE because people don't understand the better metric which would be EV/E (it doesn't sounds as cool either)
Enterprise Value is the proper valuation because it takes into account the amount of debt or cash that a company has.
what chart are you looking at? this thing hasnt made it above 25.5
unless some poor sap got a buy stop triggered after hours.
I think I am going to puke.
this has bounced hard since I cut my stake. I got played.
but I am sitting on the sidelines for a while
this stock is taunting me, mocking me, laughing at me.
it drops down to my sell stop point. A discipline which usually saves me alot of heartache when I follow it.
I unloaded 60% of my position and now it starts back up, looking rather strong.
I may use a buy stop to buy back in but I am waiting for it to clear 5 this time.
psmi was on my watch list but I never bought it.
recently, things were looking bad for them.
today, boom, they got bought for 60% premium.
I think that is a real possibility for CYNI but it is a #$%$ shoot.
I did all the longs here a favor, I sold most of my cyni ,
so, now that I am out, it will probably bounce up to 4 next week.
I am going to go back to my rules.
buy nothing under $10, sell anything that drops from 10s to 9s,
or 5s to 4s (shouldnt still have it in the 5s anyway)
If I followed those rules religiously, I would be much wealthier.
as it is, my systematic gains with SPWR, SYF, GE, etc get marginalized by my emotional losses
sometimes great books never get published, and great products dont survive.
I want to hang in there but cant sit around while this thing drops 2% per day.
management needs to show how they can avoid needing more capital.
I had high hopes for CYNI but I think I have to cut bait here.
next qtr will be All or Nothing
Either they have some big announcements and this thing jumps to 5 or 6
or they announce a stream of "awards" and the stock drifts lower until someone buys them on the cheap.
their products are too strong for them to just disappear. someone is very likely to gobble them up for 100M or 150M.
I just dont have the stomach for it anymore.
good luck all
I expect that the div will be discussed when the quiet period is over. However , I would be surprised if it is actually declared until 2015, Q1
I hope I am wrong