This is the worst performer in the group in terms of stock price. It's a tiny company that is competing with giants in industrial 3d printing. This is a speculative stock and nothing more. It is $.50 from a new 52-week low. They have missed earnings big time quarter after quarter. Management has no handle on forecasting. Besides, the market is now shunning small caps. I've lost a ton on this but I'm glad I took my losses since it has continued to fall.
Got that right. The people who bought in at $2.15 are now starting to understand what's been happening with this stock since it fell off the cliff in May.
They aren't prohibited. Some funds have internal rules about buying low-priced stocks, others do not. Google it.
You realize that 11-12% of customers are delinquent. And the revenue revision is huge. And they have a lot of debt and not much cash. This will drift lower.
I traded this over the past several years and at this point see no reason to continue to do so. The Jumptap buyout was a waste of 22.4 million shares of MM valued at the time at $209 million. This was supposed to give MM a competitive advantage. Didn't happen. Now, management cannot provide a concrete strategy aimed at showing how the company plans to compete against GOOG and FB. Not one. Meanwhile, MM's market continues decline along with its share price. After the 1st quarter disaster, they follow with a 2nd quarter miss. Would anyone recommend this stock to a friend?
The revenue increase was not lost in the panic selling. You want to see panic selling, look at what happened last quarter. That 18% is Jumptap's contribution to MM, which cost 24 million shares of MM, about 22% of total shares. This is a good company for people who think a low price is the equivalent of a bargain.
“With the acquisition of Jumptap, we are excited to extend our industry-leading mobile ad platform to better serve the needs of our brand and performance advertisers and intensify our innovation on their behalf,” said Paul Palmieri, Chairman and CEO, Millennial Media. “Jumptap’s assets are incredibly complementary to what we have built at Millennial Media, and our combined team will have the technology, products, and expertise to help define what the future of digital advertising can be – which undeniably has its foundation in mobile.”
Source: TalkMarkets 8/11/14
1. Tile Shop Holdings, Inc. (TTS): $11.09
Shares of this retailer and manufacturer of stone tiles were acquired by 5 insiders:
Director Peter H. Kamin acquired 290,187 shares, paying $10.00 per share for a total amount of $2.9 million. Mr. Kamin increased his stake by 326.52% to 379,059 shares with this purchase. 200,000 of these shares were purchased indirectly by various entities.
Director Adam L. Suttin acquired 50,000 shares, paying $10.02 per share for a total amount of $501,124. Mr. Suttin increased his stake by 12.39% to 453,489 shares with this purchase.
Director William E. Watts acquired 40,000 shares, paying $9.96 per share for a total amount of $398,400. Mr. Watts increased his stake by 14.30% to 319,814 shares with this purchase.
Director Peter J. Jacullo III acquired 35,000 shares, paying $9.92 per share for a total amount of $347,050. Mr. Jacullo increased his stake by 64.08% to 89,619 shares with this purchase.
Director Todd Krasnow acquired 22,500 shares, paying $10.05 per share for a total amount of $226,212. Mr. Krasnow increased his stake by 15.09% to 171,586 shares with this purchase. 10,000 of these shares were purchased indirectly through a trust and 2,500 shares were purchased indirectly by Mr. Krasnow’s spouse.
I have seen much worse, where shareholders got wiped out. It closed up 16+%. Lots of greedy people got burned this a.m. but I wouldn't call it "manipulation."
As they say, it's not a loss until you sell. I bot today at $292 thinking that would hold. However, yesterday I sold at $345 in AH after buying at $235 last week. When this stock moves, it takes giant steps. Were I you, I'd double up when the volume returns to normal and it drifts lower. Catalysts include its liver disease treatment and the potential for a buyout. Final stage testing is next year but based on the report from yesterday safety and efficacy are no longer in question. I expect the share price to slowly rise over the next two quarters after the day traders have exited.