It never really is. The reality is that they are probably cutting longer-term investment projects and just pushing people to do more. It can work for a period of time but it can cause problems in the longer term too with turnover and mistakes but some people enjoy that kind of an environment.
Not sure about the customers. I can see it serving as an impetus to shorten terms unless it is easy to substitute other vendors. Your concern is certainly legitimate.
Perhaps not weekly but clear summaries of assumptions, projections and actual results on a quarterly basis would be easy to do.
It always felt kind of light in terms of volume when it was in the $2 or $3 range. At least now we know we can sell our positions without crashing the share price...at least for now (gulp!).
Sure thought some value funds would step in here but none seem to be doing so.
Yea that is the finance deadline. I thought they had a listing deadline of the 26th. Maybe they filed a plan to regain compliance and didn't share it with shareholders? Must have done something; that is assuming shares actually trade tomorrow.
Wild. They lost in appeals but are going to Supreme Court.
Bumps up the probability of losing it all but who knows. Besides, it isn't like it kills the business.
Stupid low valuations don't happen very often these days. If Zispapel or other insiders don't purchase shares it might indicate that things aren't so stupid after all.
Only time will tell.
Would also encourage you to post over at Seeking Alpha the data that you say was ignored. You can do it in the comments to the article. Don't even have to write an article.
I would look forward to reading an article discussing the premiere nature of Dragonwave products and an explanation as to why sales and margin targets provided by management have been missed so regularly.
If a company went public in 2014 it would seem unlikely that a company would rate the shares of the private company.
The easiest way I have of checking prior upgrades/downgrades for particular firms is a Bloomberg terminal at a local university. Have not found another source as good but I imagine they are out there.
Well written. Only point I would disagree on is that all pure play microwave backhaul stocks are cheap. Dragonwave trades at a clear and significant premium to others. Aviat and Ceragon are in the ball park with each other.
When I say receivables need to be discounted, I mean this because of their extended nature. In other words for interest. This would not be GAAP.
Needham doesn't understand things any better than you or me. Also their $8 target was ridiculous.
There are some things not being spelled out completely just because no one ever talks about them. It resulted in a loss of confidence in management and nothing but time (or a large fund beginning to purchase the shares) can do anything about it.
There is only two good reasons for it to trade at 50% of book value and those are:
1) South America currency losses repeat and losses soar. Not going to happen but most folks don't know that.
2) Receivables aren't collectible. I don't buy that but I do think they need to be discounted somewhat.
Still, I can't get to a reason for it to trade so cheaply. Seems like some small cap value funds would be buying but if they are, they are buying small amounts.
They are more of an investment vehicle. They would buy anything if they thought it a reasonable deal.
Honestly I could see it when AVNW was down around $1-$1.2 as it seems like the sector needs to be consolidated and someone (whether it was them or someone else) needs to work toward that rather than just maintain the steady march to bankruptcy that they are all on. If the share prices get bid up it gets much harder to do. AVNW and CRNT are priced such that a merger might be doable but it is still a long-shot.
The only earnings report promise they have made was to the banks. They will file the 10-K by December 5th which will likely mean they can then file the 1st Q.
Whether it will go up to the bank deadline or not I don't know. Obviously they have missed every other deadline.
They are all over the place in terms of what percentage they buy based on a review of their web site. I think they would buy 100% of Aviat provided the price was right although I have no idea what that price would be. The truth is that someone needs to consolidate the sector in an effort to improve profitability but so far Aviat is the only one who has indicated a willingness to sell.