Maybe traders hearing CI would be on CNBC Halftime took a shot that he possibly could mention Nuance? Then again a knowledgable trader know CI couldn't discuss Nuance due to Board representation.
Dinned @ Capital Grill last night for Fathers Day right opposite Nuance's 128 headquarters. The Freemarc Abbey Cab went down smoothly as I figure we still could be trading around 13.
Mark Myers really didn't want to sell as he believes Nuance guided by RR is drastically undervalued and thinks the stock is ready to launch to greater heights. Rumor has it, he meant to sell his Facebook shares but had a hangover and inadvertently told his investment firm to sell Nuan instead. He was a little shy on a downpayment on his new yacht. Ohh, the madness never stops! You know what would be a miracle? Some insider buying at least 1 fricken share on the open market!
" Sales of insider shares are routine..."yes that is true use but in this case it effects the bottom line way more than most publicly traded co.'s. Simply put there is too much stock compensation for this co.! Let me ask, has there ever been an open market stock purchase by any Nuan insider ever? I think not! RR should be ashamed of himself but he's not!
We go through this every time these FORM 4 EXPERTS submit a form 4. Nuance for management is nothing more than a piggy bank. Maybe someday these piggies will get eaten by the big bad wolf.
As a 1st timer you seem to know as this is in line with what I heard from someone high up the Nuance chain in the gym when the stock was near it's all time high. RR inked a deal for 1 flat fee, details of which are not known.
We celebrated our 30th last Sat at the Capital Grill. It's opposite Nuance's East Coast headquarters. Luckily, " The Boss " was texting when we went by. Actually she's somewhat relieved it's up 3+ from the bottom. Me too!
Top execs at all publicly traded companies have access to trades from all the market makers if they want them. Buy backs are strategically implemented with investment firms and often coincide with some outfit dumping a good chunk of stock. It's a poker hand with the top execs being the House and us little peons being the degenerate gamblers!
Excellent choice as it is mine and a triple for sure as in the recent price swing. A typical RR conference call would of had this stock down 1-2 points from the 4:00 close. Instead it reverses a solid 1 1/2 pts. to the upside. This my friend was kind of a 3 point swing or a triple in my view! Now here is Mr RR..." Thank you Tom. I am pleased to present to you this earnings report and despite a short fall..." Oh RR how we love ya!
The Nuance Hidden Gems " guru " who writes a detailed quarterly review better than most has turned somewhat positive after being on the fence for the past few years. Pluses are: buyback, focus on debt reduction i.e. the most recent retirement of convertible debentures, goal to reduce 125 mil in annual expenses over the next 6 quarters, focus on growth areas with the possibility of writing off good will on some losers, and less management stock compensation. The new revenue model is showing solid promise.
Where is that ex employee who claimed to leave on his own terms who quietly imo bashed the stock right up to earnings?