LIWA might be worth lots, but they don't seem interested at all in passing their profits to American investors. What's the point of great earnings if we never see one cent of them?
Short term price movements has nothing to do with fundamentals. It went up a lot, now people are taking profits and going short. Stocks don't go up in a straight line.
Something is not right here. The business is great. But they seem determined to not pass along any profits to the American stockholders. No dividends, no buybacks, nothing. No matter how much money they have, or profits they make, nothing is getting to us. I'm selling.
Clearly, some short website has targeted MY. Probably because the chart looked ripe for a looting. This has nothiing to do with news or fundamentals. Those two have never been better. I'm waiting to pull the trigger and buy more.
Selling at 2.21 with half an hour to go. Shorts are not going to want to stay short with earnings tomorrow. I'm guessing lot's of action on the buy side as we get near the close.
There were only 3 questions and a fourth answer to the first question.
1st question: When will MY become profitable. It was asked in a kind of aggressive manner, as if the investor who asked had lost quite a bit of money.
Answer: we really can't answer that question. But you can see that we are getting lots of new contracts, so someday, we will make money, but I can't tell you when that day will arrive.
2nd question: When are we going to see some returns form the India deal?
Answer: there are lots of expenses right now on the Indian operation, which is hurting our current earnings, but someday, we hope to sell something. Maybe in the middle of 2014.
3rd question: Why are the transportation expenses so high?
Answer: the roads are really bad and the distances long!
Finally the chairman wanted to answer again the first question. The answer, as translated by the woman trying to speak english, was completely incomprehensible.
Why did I ever buy this stock?
That is my question to me.
Answer: I guess I liked the field they were in, and I had never heard one of MY earnings calls before.
I don't see this moving until the next earnings come out. Those should be good, but who knows, because I thought the June earnings were going to be good. They do have a huge backlog. Now they have to execute.