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Pacific Sunwear of California Inc. Message Board

blue_devil_ninetynine 7 posts  |  Last Activity: Jan 23, 2015 9:51 AM Member since: Oct 24, 2003
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  • blue_devil_ninetynine by blue_devil_ninetynine Jan 23, 2015 9:51 AM Flag

    I am a very large shareholder of SQNS, but I have to say that the recent stock price movement is not encouraging. The pre-conf-call movement has been a depressingly good predictor of CC outcomes over the last year, and I think this one will be no exception. I think the stock price has declined to reflect expected dilution, so that's what we'll probably see. They had previously said that Q1 would be slightly weaker than Q4 because of seasonality, so the need for capital isn't all that surprising.

    That said, the reason I'm holding my SQNS position is because I haven't seen any signs that their belief in the underlying business dynamics is false. The IoT (and 4G LTE with it) are a big trend this year, and activity does seem to be picking up. There have been no management departures that I'm aware of, which would signal a sinking ship. We haven't seen any disgruntled employees (or former employees) on this bulletin board, which might have indicated layoffs as a last-ditch effort to stay alive. The four employee reviews I see on glassdoor are pretty recent and are actually quite positive when compared to most other organizations. All in all, the signs remain positive. So while I consider this a HIGHLY speculative investment at this point (more so than when I bought over a year ago), I intend to hold and see what happens in 2015.


  • blue_devil_ninetynine by blue_devil_ninetynine Jan 5, 2015 6:12 PM Flag

    I really hope Sequans also has good news to share.

  • Reply to

    Claudia replied

    by alanicu72 Dec 17, 2014 11:13 PM
    blue_devil_ninetynine blue_devil_ninetynine Dec 18, 2014 2:50 PM Flag

    Can you post it here?

  • Reply to

    Bought more

    by blue_devil_ninetynine Dec 11, 2014 1:37 PM
    blue_devil_ninetynine blue_devil_ninetynine Dec 11, 2014 11:06 PM Flag

    I am embarrassed to admit that I own over 400K shares. Embarrassed because that's an awfully large position on such a speculative play.

  • blue_devil_ninetynine by blue_devil_ninetynine Dec 11, 2014 1:37 PM Flag

    Couldn't resist. The slump in the stock price is scary, and this stock is ridiculously speculative, but the risk/reward tradeoff seems attractive to me. I'm betting this is tax-loss selling and we'll go up in 2015. Fingers firmly crossed.

    Disclaimer: I have a very large position at ~$1.80, and the last time I added was in the $1.50's, so I clearly haven't been right on this so far. Hopefully I'm not catching the proverbial falling knife. We shall see.

  • Reply to

    why aren't we trading?

    by goingbackwards101 Dec 4, 2014 10:27 AM
    blue_devil_ninetynine blue_devil_ninetynine Dec 5, 2014 4:57 PM Flag

    Yep, it's using Sequans. The Sequans story is still pretty prominent on the Pinyon website. The question of course is whether they'll sell any of these.

  • blue_devil_ninetynine by blue_devil_ninetynine Nov 10, 2014 1:01 PM Flag

    Hiring seems to be going up. There were four positions posted on the Sequans website in the first eight months of the year, and there have now been six posted within the last two months. No idea if this is driven by employee turnover/departures (which would be a bad thing) or if they're actually increasing staffing driven by an uptick in the business. Anyone else know the answer?

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