Net Income Applicable To Common Shares (3,400) 10,700
Try watching a different chart for a different company..
You will never buy this or lite higher as it will never go higher..
It never has so why will it now..
Company is in worse shape and going down harder than it ever has in last ten years..
There will be no bounce, no good news, no buy out no take over and all hedge funds will dump.this and lite will be down 30% from here by next earnings and after earnings it will drop hat very next day another 20%.
So my prediction is a 50% drop from these level by November..
Buy low and sell high..
But in this case buy low and never sell just arch stock get delisted and go to zero..
That's a very nice that you're disappointed..
I'm sure after investor relations has a good laugh at your message that they'll reply with a very lengthy and comprehensive answer explaining all issues and details chronologically and precise. They will elaborate on all goings on and explain everything clearly to you in regard to whe all the money goes and how it is being used.
Sorry River but they will just dismiss you and think to themselves "why on earth would anyone buy this #$%$.. We don't own any shares, insiders don't own any shares what on earth would make a retail investor think this was a good investment..
They will laugh at you for owning this scam and wonder why you're first emailing them now when they have been losing kidney and deteriorating they're balance sheet for the last 20 years. They will then politely explain that nothing has changed and nothing will change u til its all ove and the company is delisted..
There you have it I just saved you from readin their reply.
Oh and btw... Just wait until the next income statement when everything you feel,is wrong with the last two GETS WORSE EVEN MORE ..
Is there any doubt? Do you really think things will change.. That a turn around will happen?
Sure... Just average down, buy more at every low and implement HOPE..
THATS A GOOD STRATEGY.. maybe again email investor relations every few months so they can remember you and how funny you are for thinking that reviewing statements and emailing them will make a ANY difference with your investment..
Timing bottoms or tops is a losers game hence what happened today after thinking you hit the bottom just under $17 instead or trying to time the bottom why not get in 10% off the bottom.. This way your not catching a fallen knife.. I have a cover in higher than where we are since I can't call bottom or else I might cover to early. I don't mind giving up some profit. You shouldn't mind buying a little higher after knife landed..
Either way whatever youre doing it shouldn't be here.. This stock is NOT A TRADING VEHICLE..
lite is perhaps the worst stock on any exchange if you look back 8 weeks.
I don't think any other stock has performed as poorly.
By end of day today it will be $15.50 and next week $12.
There will be no dead cat bounce. There will be no good news, there will be no take over and there will be no buyers on the long side. $10 by next earnings report and after the report $7
lite is perhaps the worst stock on any exchange if you look back 8 weeks.I don't think any other stock has performed as poorly.By end of day today it will be $15.50 and next week $12.
I surely hope you sold all not half at $15.50. I explained early this morning that you would end up selling the second half under $14 if you don't act today. There will be no dead cat bounce. there will be no good news, there will be no take over and there will be no buyers on the long side. $10 by next earnings report and after the report $7
Once again you're basing your expectations on the way the market indexes or perhaps a real company stock trades. I share prices hit bottom and trade back up. But not with scam stocks with declining balance sheet and no business. Those stocks never rebound and just keep getting worse news worse earnings elreverse splits new officers etc and they keep making lower lows and lower highs. Viav will NEVER REBOUND AND LITE WONT EITHER. So remember you heard it hear when both are 30% lower Come next earnings report .
Looking like you will be selling half your recent purchase tomorrow two iron..
The other half doesn't look to promising either..
I see lite opening at $16.00 tomorrow ..shield think hard about holding the second half..
You're only going to sell it lower as lite is going NOWHERE BUT LOWER..
NO ONE IS BUYING LITE..
NO ONE WANTS TO OWN IT OR BUY IT..
NO ONE CARES ABOUT VIAV AND THEIR TWO NEW SCAM MEMBERS..
SANDELL WILL SOON BAIL..
LITE WILL BE $14.90 tomorrow.
Just watch and you'll see..
Then by next earnings lite is an easy $10
NO ONE CARES ABOUT LITE AND VIAV..
NO ONE IS BUYING THEM.
New consultants will only cost viav money..
No one works for free..
It's all to late..
Can't bail out this sinking ship..
All smoke and mirrors..
Sandell made a big mistake with this one..
Their down big and will eventually sell for a loss trade against a gain..
They have a very smart trader as one of their head team members,.
He will get them out and leave bag holders..
Viav is going NO WHERE BUT DOWN
NO ONE CARES ABOUT THIS SCAM..
Volume was low and trading very weak..
Stock can't break mid $5's
Longer it takes the sooner it revists high $4
By next earnings disappointment Viav will be $3
Then delisted soon after.
Is there any doubt?
What's up with your technical indicators?
Looks like lite is strong at 16.6 and not seeing your $16.50
You mentioned if it held above $16.5 you would buy?
Let us know now since its bs if at 17.6 you start bragging that you bought lower..
Or if youre to scared and think it's going to $15 then tell us you didn't buy..
Either way you busted my chops for my position now let's hear yours...
FYI in fairness I'm still holding my short..
As I said I'll cover if lite goes to $18 and if viav goes to $7.. I have plenty of room to loose a point or two in hopes of seeing more downside...
Until then I'm riding these two dogs down to zero..
Pas I've heard this song and it's starts with
"Soon, eventually, another quarter or two and we should..
This time their saying "expect in early next year"
But when early next year comes the song will change to...
Well it was delayed but no control of that.. It's the spending slow up... But customers will ramp up end of year instead.. Just a few more quarters and we will begin to see.....
Just keep hoping and believing. That's the jdsu investor way...
Have you ever heard of a stock called Csco
Jnpr which is close to all time high.
You do realize that you have options don't you?
There is a something called the sell button..
Have you ever heard of this feature?
It allows you to either lock in a profit or perhaps in this stocks case it can prevent you from losing more money than you have already..
In answer to your question about a reverse split... No that won't happen.. Either will the company be bought or sold. What will happen is it will dwindle down slowly to under a dollar and then be delisted and go into stock heaven along with all your original investment cost.
Nasdaq will be down 2%
Anyone who likes catching fallen knives can take a shot and buy today...
But remember every time jdsu sees a new low it sees yet another one soon thereafter..
Good luck longs.... Try and average down perhaps.. Lol that has'nt worked so far, has it?
Sell this piece of junk before you loose all your money because Viav is going to $2 and lite will soon see $5 by or soon after the new year..
You heard it here first...
It’s becoming a full-time job cataloging the contortions some companies go through to avoid addressing their shareholders’ concerns.
Today’s example comes from JDS Uniphase, a maker of communications and optical equipment and one of the quintessential highfliers during the turn-of-the-millennium Internet bubble. But its stock is up only about 3 percent so far this year, versus about 15 percent for the Nasdaq composite index.
JDS Uniphase, like most companies, counts many institutional shareholders among its owners. Among them is Sandell Asset Management, a money manager based in New York with $1.5 billion in assets; it owns just under 2 percent of JDS Uniphase’s shares. Sandell has voiced concerns about JDS Uniphase’s stock price, which has also underperformed the Standard & Poor’s 500-stock index this year.
JDS Uniphase hasn’t done enough to maximize the value of its various businesses, in Sandell’s view, and last summer, its officials had discussions with the company about how to unlock value, perhaps by selling one of its units, a maker of optical components and commercial lasers. It thought a sale of the unit would create more value for shareholders than a spinoff. But JDS Uniphase decided to spin off the business.
Frustrated, Sandell submitted a shareholder proposal on Sept. 12, 2014, to be voted upon at this year’s annual meeting. The proposal asked that the company’s board evaluate “further strategic alternatives” beyond the spinoff to increase shareholder value.
When Sandell submitted its proposal, the date of the JDS Uniphase meeting was unclear. Historically, the company’s shareholders have met in November or December.
But on May 21, not long before Sandell began raising its concerns to the company, the JDS Uniphase board altered its bylaws affecting shareholders who want to put forward proposals for a vote at annual meetings. The company changed its rules to require that shareholders submit their proposals at least 60 days in advance of the meeting. Previously, shareholders could put forward proposals or director nominees as late as 30 days before a meeting.
That change, the company said, was made on the advice of the board’s governance committee, headed by Martin A. Kaplan. Mr. Kaplan, 77, was an executive vice president of Pacific Telesis, the former telecommunications company, and has been a director at JDS Uniphase since 1997.
JDS Uniphase’s bylaw change didn’t receive much attention when it was made in May. But in early October, its impact became plenty apparent.
At 4:05 p.m. on Oct. 6, the company announced that its annual meeting would be held on Dec. 5. This meant that any shareholder wishing to put either a shareholder proposal or an alternative director slate on the ballot had less than one hour to do so. After that, the new 60-day window would slam shut.
Sandell had considered putting forward an alternative slate of directors. But it had no time to do so. JDS Uniphase also declined to include in its proxy materials the shareholder proposal that Sandell made in September. Jed Repko, a JDS spokesman, said the company excluded that proposal from its proxy because the money management firm did not submit its proposal 120 days before the meeting, as required by Securities and Exchange Commission rules, nor did it own shares for at least one year.
Sandell, for its part, said that other companies let such technicalities slide if they are interested in hearing from shareholders, and JDS Uniphase could have included the proposal in any case but chose not to.
Running out of options, Sandell decided to mount a campaign with other JDS Uniphase shareholders to withhold votes at the annual election for Mr. Kaplan and Thomas Waechter, JDS Uniphase’s chief executive since 2009.
“The vast majority of the time, we don’t go public in these types of situations,” said Tom Sandell, chief executive of Sandell Asset Management. “Generally managements are willing to listen and take into consideration what makes sense for shareholders. But this is classic entrenchment by management and nothing else.”
In recent disclosures about Sandell’s dispute with it, JDS Uniphase said its board was “committed to acting in the best interests of all shareholders and maintaining its commitment to best in class corporate governance practices.” It encouraged shareholders “to protect the value of their investment” by voting for the current directors, whom it characterized as “highly engaged, skilled and experienced.”
When asked why it changed the time period allotted for shareholders to submit proposals and outside nominees, Mr. Repko of JDS said the change “allowed additional time to consider and evaluate stockholder proposals.”
While Sandell could have solicited fellow shareholders to support the proposal it submitted in September to JDS Uniphase, doing so would have created problems under S.E.C. rules. Such a solicitation would have required Sandell to file its own proxy before the annual meeting; any shareholders choosing to support its proposal would then have been prevented from voting on the JDS Uniphase proxy. Shareholders can vote their shares on only one proxy at an annual meeting.
It will be interesting to see if Sandell gets any traction with other JDS Uniphase shareholders in its withhold-the-vote drive. The company’s largest shareholders include T. Rowe Price, the mutual fund giant, with over 11 percent of the shares, and the Capital Group, manager of the American Funds, with around 10 percent.
JDS Uniphase’s overseers, by contrast, do not own much stock. Together, its management and directors own 1.7 million shares, less than 1 percent of its stock outstanding.
As activist investors go, Sandell is not high-profile. But it scored a victory in August, when four people it had nominated to the board of Bob Evans Farms, the restaurant chain and sausage maker, were elected.
Richard Mansouri, a managing director at Sandell, said that for now, the firm was focusing on its campaign to withhold votes for the two JDS Uniphase directors.
“We’re encouraging other shareholders to vote against them,” Mr. Mansouri said. “Once we see the outcome of that, we can decide what our next steps are.”
While Sandell’s effort involves just one company, the implications of its actions are broader, he said. “These governance impediments translate to a diminution of value,” he said. “You can see that in company stock prices.”
hey jar head...
good to see you haven't committed suicide after losing 50% in six months with this company..
I can't say I wish I was like you and had time to spell check instead of being like me and misspelling a word here or there but being up over 100% on my investment in this gem of company. sorry typo I meant "scam" instead of "company"
Nice to see you think I'm a fake.
Kindly let me know what I faked?
seems I make out right calls while all you do is insult other posters like me and pas..
how about making a call Jar?
Whe're all interested
You longs didn't think viav could be up while lite is up?
That would be asking to much of the jdsu scam.
Lite is up the only one day in present memory but tomorrow it will be back down under $17 again..
tomorrow both will be down 5%
It's time for the hope creators that gave you a few pennies the last few days to once again take all your money when new 52 week lows will prevail once more.