How can a stock with listener growth at a standstill, and new competitors taking market share, be trading for 15 times revenues? There is a low barrier to entry to this business. Shouldn't be trading for more than 3 times sales.
If you followed the comments on this board you would think the stock is down 25% or more. In fact it's only down 8%. This is simply the case of a new CEO cleaning out the closet. Bookings a actually up.
Claude stock has been slow to react to the recent rise in the price of gold, but it's catching up now. Other catalysts are better production expectations and new management.
You guys need to stop pumping the cash situation. It is the result of lower sales and quicker collections not better operating results. Its basically irrelevant. Hopefully this quarter was bottom and next quarter we see a pick up in revenues. Revenues are everything right now.
The turnaround in revenues keeps getting pushed out, now to the first quarter of 2015.
The drop today was because Albemarle and Bond announced yesterday it's stock is probably worthless. That will be a $7 million hit next quarter. Also what was that $6 million gain on sale of assets? And why are they calling it recurring income?
They lost money 14 of the past 15 years. Brought in new management and profits are accelerating. Got to get in on these before investors realize the picture has changed.
Nothing new in the presentation, same stuff they have been saying for some time. Hopefully we are done with the drag from the two large customers.
OT: Take a look at SLGD. the stock is at $0.60 and just reported quarterly earnings of $0.05 with no non-recurring items. Could double relatively quickly.
I thought the quarter was relatively strong after you factor out the impairment, restructuring and onetime higher warranty costs. Revenues are still heading south.