We'll see if they get a little bump from the Drexel Hamilton event that begins today. Its good to see that management is looking to gain more institutional interest. I still think we will see a price run going into the end of the year.
Yes agreed. Perhaps we will see some institutional interest pick up after the conference? I think that we see it one way or the other before the Q2 earnings call.
Pretty good at talking through the features but a bit weak on drawing the focus to customer benefits and competitive advantages. Basic marketing 101. Why Westell and noone else. Also a bit dull for the floor of a trade show. If you can't show excitement about your product, how is the customer going to get enthused?? Sorry to be the critic, but I have marketed for years.
Having to automatically sell 25,000 shares ($1.87) out of his trust yesterday at these levels has to be tough for Gilbert. You would think this would be enough of an incentive for him to step up to the plate and start giving some positive guidance to the Street.
Updated Short interest at 350 k but volume has dried up. We were at 4k shares traded for the first 90 minutes of trading before 10 k shares traded exactly at 11 (EST).
The MACD looked interesting as well, just waiting to cross the "0" line in a bullish uptrend. When we cross that line, it should be a confirmation of that overdue move to the upside.
Good video on the DAS product..... but.....where is the volume in this stock??? No buyers, no sellers with less than 14k shares traded by 1 (EST). Lacking any news, it looks like we are range bound prior to earnings, so we may have another month of this type of activity.
Yes indeed. Not a matter of if but rather of when. Also, have you noticed the accummulation the last few days in a very narrow range?
Outside of news, it looks like we have another month of this narrow range trading until earnings. Very similar to that late 2012 early 2013 time frame with low volumes/volatility
As long as the bias is to favor large caps, there isn't going to be much momentum for these sub $500 mil MKT cap stocks. The piece in the Journal today regarding small caps mirrors the sentiment that was recently shared with me by a couple of investment managers that I know. Outside of strong sales/earnings this small company will stay in a range@$2 +/- .
I see that short interest moved over 400K which represents 4 trading days given the anemic volumes.
They must be. Let's see... The stock opens @$1.84 on low volume through first 90 minutes. Then it moves up or down two whole pennies, again on low volume. Then right before close, it moves a penny or two in the last minute to finish flat to up or down by one penny. So why would anyone buy???
Large positions in Westell are surprising to me. With the ownership structure of the two classes of stock, I am puzzled why someone would build a 20+% ownership stake when shareholder activism will only get squelched. Jeffrey Bronchick can make all the noise that he wants, but if Penny or Foskett disagree, there isn't much that Cove Street can dodo. Quite frankly, I think that the ownership structure has hampered shareholder value and caused hesitancy in prospective investors
The entire market is selling off.. The weak hands always go down the most. All of the MM's want to see the great 2014 sell off, so perhaps we are finally getting it.
The last time we saw a sell off in Westell from $4 down to $3.00, it seemed crazy until the Q 4 earnings came out with the low ball Kentrox numbers. Makes you wonder if someone in Westell is yapping.
Consolidation only matters if :first you are willing to sell. Will Buzz Penny finally pull the rip cord?; second you and your products are in demand. Clearly they are with a question mark on ISM.
Since the market is generally efficient, it would not be a surprise to see the third full quarter of disappointing ISM sales given recentrecent price/share performance. Any M&A activity will only happen when the Kentrox component stabilizes. The risk for Westell given the sentiment of your article is that it continues to reject offers once ISM gets back on its feet. It simply will reach a point when it will not be able to compete and will be left out of those "training" sessions.
On a side note, as expected, I see Ben Stump isis the new CTO over at Opspec with Cremona.. Surprise
No bounce here yet. Still selling at cash plus 50% of trailing 12 month sales. A huge discount to all of its peers which are selling at 100% or more of trailing sales less cash and many cases much higher. But until we see volume return (perhaps earnings??), there really isn't much conviction here. The MM took this down $0.20 in two trading days on relatively tame volume. Hard to get excited with these games until positive volume controls the direction