you are getting killed shorty, move on to another losing position, LOL
a little advice from someone who has been doing this 24 years. When the headline is "Record 2013 revenue" instead of "record Q4 revenue" it means Q4 was lousy and they are trying to hide the lousy Q4 by just talking about the whole year. Not only that the company didn't even mention Q4 revenue in the press release. This is always bad news. Now if the company had been honest and said "Q4 revenue was down slightly due to XYZ special circumstances, but revenue growth will resume in Q1 it would be better. Also note they failed to explain why earnings plunged from 0.12 in Q3 to 0.03 in Q4. This is not growth this is severe decline with zero explanation. You cannot trust a company like this, so I sold after hours.
huh? great guidance? there was no guidance other than a generic "continued growth", but what is continued grow when Q4 revenue was actually down and they were barely profitable with .03 EPS compared to 0.12 for Q2. That is not growth, that is decline and I baled after hours at 2.9.
Yes I am technically long with about 3000 shares "tied up" here. But I have faced the facts, it is over, that money no longer exist. Do you really think if the company actually exists, it would take more than 3 months to prove they existed? We were suckers for a pump and dump scam and got taken, that is why I diversify and it was only 2% of my portfolio.
Hi Makemy, first time on the board since we were halted months ago. Just checking back to see if it had been delisted yet. I can't believe you are still thinking this stock will ever trade again. I told you months ago, it would never happen, the next announcement would be the nasdaq saying they have been delisted. Face it we got taken and lost 100% of our investment. L&L doesn't exist and never did. I am a little smarter now, if not a little poorer.
Not a basher, just stating facts. The company provided zero guidance on the new drug, not a good sign. Many analysts have outlandish predictions for the drug (not backed by the company) and say they could earn 3.10 per share this year. Even so, the stock is selling at 25 times earnings compared to the market as a whole selling at 15 times 2014 earnings. Other analysts say the new drug will do well but for such a big company not drive earnings as much, and they say they earn only 2.15 per share this year. If so you are talking about a company selling at 40 times earnings that will only be up 10% this year. Who is going to be right? You must guess as the company provided zero guidance.
Yep ignore reality
2010 non-GAAP EPS 1.93
earnings are up 5% over the past 4 years from 1.93 to 2.04 and yet the stock price is up 466%. You really think this disconnect from reality is going to continue? Good luck with that one.
You are all idiots. from their Press Release "Non-GAAP net income for 2013, which excludes acquisition-related, restructuring and stock-based compensation expenses, was $3.45 billion, or $2.04 per diluted share, compared to $3.08 billion, or $1.95 per diluted share for 2012."
160 dollar stock divided by 2013 earnings of 2.04 = 80 times earnings, ok so it will only take 80 years to break-even and get my money back, I will only be 130 year old by then.
90 times earnings for a stock that has grown earnings 5% total the past 4 years. Yep makes perfect sense to me. I would buy a business that it would take me 90 years to get my money back.