they completely sold out of the first round of TE sticks. I think we are at a point of major overreaction to something everyone has been asking for since 2010-11. Good riddance to Darren.
If it was trading at the same valuation VRX currently has, it would be a $60 pus stock.
I think they are setting Karen up for success, so she can take the credit on tomorrow's conference call. New beginning for the company, under new and better leadership. There is no way they don't clear $75 million in sales, should be more like 85 million.
If it was a bad quarter, why wouldn't Darren have left already? They just announced the earnings date. I'm sure this has been in the works for a while, and now they are going to let Karen enjoy one of the best quarters in the companies history.
good luck. I think NGL is way riskier. I think we are nearing the bottom for CXRX. Canadian stocks have been getting crushed, along with Valeant. Once earnings come out in a few weeks, should show some strength given the valuation is closing in on a P/E of 4. They have a slightly smaller amount of debt to earnings than Valeant, yet they are trading at a fraction of the PE. I'm in it long term, until something comes out that will actually affect the companies fundamentals. I'm guess we'll see some insider buying very soon, or shortly after earnings.
I would not underestimate Darren & Karen's stupidity to sell now rather than a point higher after earnings.
Are you sure it's not $20 off with purchase of $100 or more?
I totally agree with your 12 month target, 18 months could be much much higher. I don't agree with the buyback if the plan is to continue getting growth back on track.
May actually continue to drive sales into 2017. Saitek just continues to sell a lot of these products on Amazon, and they keep selling out. Only 1 rhino in stock again. All their products are back in stock and some already have limited quantities again. Does anyone know if these games are included in the Esports competitions?
ESPN just announced an Esports page. While I think this is ridiculous, if investors start poking around Esports investments, could be great for Madcatz given the recent articles by Forbes and other news outlets.
This could go to $1 or $100, the market is so irrational that anything is possible. I wonder how the exchange rate on the Canadian $$$ is affecting the price of this stock.
They don't seem to be able to make these fast enough. The proflight yoke and rhino are flying off the shelves, same for the X-52 and X-52 Pro. They had a couple Rhino's in stock earlier today, now only other sellers have it available. I think games like Elite Dangerous (control matches Saitek stick identically) and Star Citizen (will have the same feature), are going to be huge sales drivers. Darren needs to start investing in Saitek inventory, based on Big Boy's comment, Saitek was the best selling product last year before RB4.
Based on the sales numbers, unless VGChartz is way, way off, they sold no more than 127K units, and made somewhere around 20-25M in revenue. That is assuming $157 to $196 per unit. Anyone guess on this is possible? Have they really sold that much more than what VGChartz is reporting? That is the only explanation that makes any sense. 2nd qtr Rev with the products they had out, and knowing Saitek and triton's contributions, can only be around $14-$18M.
Any thoughts other than current estimates being extremely low? Karen could go to jail if she lied about how the RB4 revenue was recognized in September vs. October.
Hard to hold when it's down 7% on nothing. I'd like to have money in case it plunges irrationally again. Wish I dumped everything at 42-43 and bought back here. What a difference a week with no news impacting CXRX can make.
And that is based on the fact that this has sold off more than VRX and the Canadian listed CXR.TO. I really don't like being in highly manipulated stocks, but not much I can do now. Not selling here for a company with current earnings of over $6.20.
Looks like the latest selling is completely based off of zero news, other than a reiterated outperform rating, which is good, from RBC. People are ridiculously stupid sometimes.
Not going to argue with that, but I'm trying to temper my expectations. Tritton and Saitek have been selling very well. I think $2 is very likely come February 6th, 7th, or 8th.