Management better come up with some favorable news or the stock might revisit the $20 area. Recent quarters had poor growth in revenues and profits which do not support the current stock price. The stock has run up on speculations for accelerated growth. Management has been too quiet so profit taking is happening. The problem is that those traders that buy and sell just based on technical indicators exacerbate the stock price trends, both up and down.
Everyone can read this article. We do not need you for that. Everyone following Harmonics over the years also knows that it has had poor and inconsistent growth of EPS, and it has failed to deliver on its promises. The conclusion of the article makes little sense. "Action to Take -- Buy Harmonic with upside to $9 a share, a price-to-earnings (P/E) ratio of 25 on its estimated 2014 earnings per share." Why is HLIT such a good buy if it already has a FORWARD p/e of 25 while its projected revenues growth for 2014 is less than 10%?
If management cannot get the share price to $5 or more next year (which should be p/s of about 1), it may as well seek jobs elsewhere and the BOD should sell the entire company. If the share price by the end of 2014 is less than $5, it will be because the turnaround would have failed/stalled and/or a diluting secondary would have taken place.
In the last few years, TLAB has been a gamble, not an investment. It was obvious that the company was slowly dying what no turnaround prospects on its own. I bought TLAB because I gambled it would be sold for over $4. I was wrong and lost money on it. I overlooked the ineptness and selfishness of the inbred TLAB's management and its conniving BOD.
'Goldman downgraded Flextronics due to near peak customer inventory and weaker end market sales trends. Price target lowered to $7 from $8.'
This means that the bottom is near because, in most cases, Goldman public advice is a contrary indicator.
New highs will come if the company demonstrates growth in both bottom and top lines. Based on projected earnings for 2014, one can make the case that HLIT is at best fairly priced. This company is NOT being bought out by insiders in any significant way. For example, Harshman, the largest holder on the management side has fewer than 300K shares, only 20 times my holding.
Last 2 secondaries were priced at $12 and $8. It has been quite a few years since this proclaimed 'The Leader in Video' has seen its share price in the double digits. I still hope that my $9 bailout target is reached in 2014.
Are you referring to "Temple to Distribute Tellabs Optical LAN in Europe, Middle East & Africa"?
What do you expect? Tellabs is not dead. It is functioning but with no growth and barely at breakeven.
Marlin will cut the fat, R&D, and suck it dry before reselling the pieces. Obviously, the present management and BOD have been negligent, evasive, and with little regard for the common shareholders.
I hope Needham is right. It has been a very long wait for me. With my 30K shares, I have a lot to gain.
CAGR or is it CAAGR? Growth of what? Revenues? Earnings?
The market cares about the announcement that no growth is forecasted for 2014. Next year it will reassess whether growth will resume in 2015, 2016. If there is a big market correction, INTC will drop below $20.
You don't know what you are talking about. After paying the debt Oclaro less than $100M, ongoing negative cash flow and pending restructuring cost of $25M. Read the earnings report. According to management, Oclaro will not become cash flow positive for quarters to come.
It will be much better (and safer) for the Oclaro's investors if the company is sold out soon before there is a need for new debt and share dilution.
50% Headcount reduction and site closings, planned to be executed over about 3 quarters, will greatly strain the company and its management. Unless revenues AND gross margins pick up DRAMATICALLY in early 2014, Oclaro will be surely heading into liquidity problems by mid 2014. This will mean new debt and a possibility of large share dilution. Even according to the highly optimistic CEO, EBTIDA breakeven is not expected until early 2015.
For many years, Value Line has had highly favorable ratings of LSI as a long term investment. They have been awfully wrong. Since financial information and company-relevant news became widely available on the internet, Value Line has been behind the times.
I suppose that Laub does not really believe that the share price will appreciate significantly notwithstanding the hundreds of design wins he claims Atmel has won, Internet of things Atmel is getting into, XSense, etc....
He also sold large amount of shares in September. Last time Laub sold that many shares was near the peak, in Feb 2011. Laub is compensated well beyond any of the other executives. Considering the size of Atmel and its performance, Laub's stock options are outrageous.
Will this call by B. Riley be better than some of their previous famous calls?
01/27/11 Update OCLR (Buy; $20.00): Headed in the right direction; reiterate "Buy"
In 3 quarters, the cash will have dwindled to about $35M (because of restructuring costs and continuing losses). That cash level will be too little for capital requirements. There will be a need for new debt. By that time, the tangible book value will be down from $2/sh presently to about $1.3. If they sell the company then, they will get $1.3 to $2.6. If they sell the company now, parts or whole, they might get $4 but it will be difficult to find buyers. The parts they already sold were operating at breakeven or better. The odds of a successful turnaround are slim. There is a reason that the safe harbor statement of Oclaro is so lengthy. Notwithstanding the manifestation of hope and excitement by the CEO and CFO, the reality is grim. One should read carefully the risk factors.