The gift that just keeps on giving. Pretty soon so many people will be following them around doing the exact opposite of whatever they say that their hit jobs will have no impact.
Shorts will also post false reviews on Amazon as part of effort to discredit company.
Look at AVG, a previous target and you will find lots of negative reviews and yet the review by CNET itself absolutely raves about the product.
I'm not saying PP is behind all of the negative reviews but yes I believe short sellers likely are. Even if they aren't it isn't like the US is much of a market for their products anyway.
That is not what they said. The financial statements are "stale" so they were obligated under their guidelines to withdraw the rating. This would have happened even if the deal were closed because the stale date Feb. 15 as that is just the date. Later in the month when they issue results the financial statements will no longer be stale.
Now having said that, they obviously have not closed the deal but as it was only announced on Jan. 28th. Deals like this take some time and in the meantime they were accused of fraud. It makes sense to not expect the deal to have closed by now and actually it might take another audit to close but to say the debt is not happening is wrong.
Do you think they believe the stuff they write??? I just can't bring myself to believe anyone is that stupid.
Amira still plans on completing the bond deal. I wouldn't expect them to file the SC13 G if the means to make the purchase wasn't still on-track.
At least that is what I think. Maybe they would do it but I think not.
Do you still beat your wife?
It is impossible to respond to such an accusation.
It is not inconceivable that they will be able to close the deal. Inventories are easy to verify and it is a commodity that is unlikely to plunge in value so assuming the legal system works there is not much doubt in being able to recover the security. This would be true in US, whether it is true in In India I dunno.
Debt cost would likely be higher.
The decline in oil prices might ultimately be a bigger deal than the court ruling.
No official statements to support my position but it has to be true.
Long on allegations and short on factual statements. I don't care if you want to pump something but don't make factual statements and not expect to be challenged. I don't mind someone pointing out any errors I make.
Just in case anyone is buying this, Ibiquiti is not a big seller of microwave backhaul products and their performance has no reflection on potential Dragonwave performance except to the extent they have the potential to disrupt the microwave backhaul market. To date they have not done so.
I've never understood why Wynn is holding her to the stockholders agreement. He says he isn't concerned about control in the Okada litigation but then he refuses to allow her to sell. He says the company couldn't afford to pay Okada for his shares but he pays out billions in dividends.
I like the guy but I don't trust him either.
Don't think anyone really thought they would hit the expected figure. They had good expense control. Could have been much worse.
Just to point out a few points worth considering.
Note how the estimated value uses EV to sales figure for companies in the communications equipment sector rather than the microwave backhaul sector to determine a target price. Communications equipment makers who earn 35-40% margins versus the 15-16% or so earned by DRWI. Note that maybe it pops up to 20% on occasion but 15-16% is relentless.
It is particularly misleading because he was referencing those microwave equipment makers earlier in the write-up. Why not benchmark against the other microwave companies?
He also uses "out-year" estimates to calculate value. That isn't so unreasonable but why not use out-year values to the non-comparable companies you are relying upon? At least discount the value. It more or less shows that he decided the target value he wanted to use and backed into the assumptions he had to make.
Last, isn't it kind of weird to make a comment about how Dragonwave is capable of generating cash? A company that is only covering 65% of their fixed costs and has been on a journey to cash flow break even for what seems like forever.
They paid out almost all 3rd Q earnings as dividends but I don't think I'd go so far as to say they borrowed cash to pay dividends. Fourth quarter they certainly will have to run down cash balances if they keep paying but they have enough cash and borrowing capacity to pay more than earnings for a good while if they want to.
Not cash constrained at all, unlike what they are arguing in the Okada litigation.