Peter going to Jail would bring more bad publicity to Novatel Wireless and be bad for the stock. The #$%$ bag got away with the cake but no longer owns the bakery. From here Peter ousted is about the best we can ask for.
He knows too much about Novatel's business and has a lot to teach the new executive team. He will leave in due time once the transition is complete. I hope he does not get another head job when that happens. He must have written some pretty good stipulations into his contract to not be in jail. He must be a great lawyer.
When we get those 30 cents NVTL will hit new radars. That is step one in the move to the teens but there will be gut wrenching times making you question your investment and if its time to take a profit on the way up. That is because there is no certainty that NVTL will hit the teens but I have a feeling.
Not all criminals go to jail. Some of the best ones are running our public companies.
But was your former CEO a fellow investor or investor abuser. His ticket out the door was a huge settlement for (his insider trading) paid for with shareholder funds and probably a pretty nice see you later package. When investor run groups enter #$%$y run companies you do find that things change as long as the product is not #$%$ as well.
Novatel has higher real margins and could very well trade even higher once the fat is cut and the expenses go down. It may take a year to see it though but NVTL is a stock that should be trading in the double digits a year from now.
It looks like the next leg up is happening. 2015 Should be a year of increasing solar capacity all around the world and ASYS has a large presence. In the next year we could see a new all time high and have a split since the shares outstanding are minuscule.
I read into that as well. NVTL is positioning itself to be sold and his involvement on selling WebSence was specifically stated in the release. The only question is at what price will NVTL be bought out. SWIR is flying high and could take advantage of the premium their share now hold.
Perfectly true and they are probably aware of that fact and selling it to highly appreciated competitors. Executive compensation packages can come with 5 to 10 million in severance packages. It saves a few bucks when buying a company in transition if the end effect is to get rid of the CEO and incorporate their products and IP into yours. The trick is agreeing on an acquisition price that longer term majority shareholders accept.
I was investing in solar when SPWR was 3 and change and FSLR was trading at 11 and it looked like all hope was gone in the solar industry. The short ratios were about 30% for all those companies just like they are here now. Look up the prices now when the industry turned around. Its not as much fun to ride the short bus when sentiment changes to positive after years of suck.
July was one of the first months that a friend of a friend that looks over the Aeropostale region received a bonus. That being said, July was probably a good month which is a good lead into the new quarter. Aeropostale also decreased the loss outlook. ARO stock trades so low because there was nothing but bad news for a long long time. You are going to be toast if you short here. This is not the usual dead cat bounce but an intra-day opposite (live cat drop). Shorts are trying to hold it down but the sentiment has changed and the sentiment leads the direction of the trade.
It's going to take Sycamore at least a week to crunch the numbers. That is unless a deal was in the works before knowledge of the company turning the corner. Ill tell you one thing. July was one of the first months that a friend of a friend that looks over the Aeropostale region received a bonus. That being said, July was probably a good month but the others were probably poor.
If July results continue into the back to school season we will short covering and a return to 10 as quick as ARO stock went down.
The numbers are looking better and if they wait too long they will have to pay more than the conversion price on the debt. By far the numbers are getting better than analyst expectations.
A new CEO alone could be considered a danger sign but that was clarified as being incorrect with the revision of Q2 better by 25%
"Comparable second quarter EPS estimates were boosted from a $0.61 to $0.55 loss to a $0.42 to $0.45 loss. The midpoint of the new estimate is 25 percent higher than the Wall Street consensus of negative $0.58."
This is the kind of news we have really been waiting to hear.
You all should do the same. Get friendly with the boss or a sales associate and ask if same store sales are up or down. They all know from sales meetings... I used to work at structure back in 1995.
You know you will be out of any short before the report and are trying to get out since you were right so far and want to protect a gain. It's too dangerous to hear that the new campaign is actually working no matter what the last quarter looked like. The stock would be up 50-100% overnight and some big money would come buying. Now is probably a better time to get out of a short since it looks like retail is picking up and the 52 week stock is probably not getting any lower from here.
It would be very bullish and we could possibly see 4 and beyond soon if PLNR rises again and ends the day near or past that number. Many investors follow 52 week highs and some alerts would be set off.
It wont go to 20 cents because it never does It has a history of trading at a market cap half of cash. As cash trickles away it trades down to around 55 cents or so where they do a 6 to 1 reverse split and take the shares to 3 dollars where it trickles back down to about $2.50 where Shai does a cash raise under market at $2 bucks with a dilution a multiple of shares outstanding on top of issuing warrants killing the stock even more. It has happened multiple times and putting a cap on any gain as the warrants would be exercised.
The tricky thing is that the fundamentals look great mostly trading less than cash and the potential for a breakthrough product that has always become broken. Neurometrix is a complete trap.unless you really know the history and have been trading or observing it for close to a decade. My father, a rhematologist, owned the stock and purchased the NC Stat in his office close to its peak, comparable to being thousands of dollars a share today, but sold and told me they were crooks. Insurance never covered the cost of the consumables and it was a loosing venture even the company promised otherwise. This is a true story and how it ended up on my portfolio and then only mostly on my watch list once I became smart enough to realize their game.
The only thing that surprises me is how the stock has stayed for so long trading above a market cap half of cash and sticking above $2.00. For about four years it stock to a market cap half of cash and the past year and a half it actually traded closer to cash. Historically it has been overvalued for a year and a half but it looks like such a value. I would never short it because you never know if someone will manipulate it up to make some money rather than down.
Just stay away... look at all the money people are making around you in real companies in this market. Buy SPY and you will have made any money you lost and then some in a decade barring some major event.