Interesting. Same trading pattern today as last Friday. All through the No Dealing Desk (NDD) One 10,000 share trade but most around the 2500-3000 share trades. Fund dumping? Price holding up fairly well.
Well it sure looks like last week some individual or fund exited their position. Like you, I also have more than a few shares and I am also going to stick around and see what comes with the new management team results. As I have stated before It would be nice to see some PRs from them more than once a quarter at the cc. It always is a #$%$ shoot with small caps but right now I am feeling lucky, then again it could just be my second scotch taking effect.
It is very possible that J. Randall Waterfield and David Sandberg are accumulating shares to take the company private. Getting the share price down so the offer price will be to their favor is part of the strategy. Anybody here really trust Davy Sandberg and J.R.?? Even old Sushil would be in on the deal.
Always appreciate your input Native. Outside of the CC we haven't had a single PR from Sushil since he took the reins over a year ago. I think even a small inconsequential one to "show the flag" and keep the SMTC in the news would be welcomed. Still, a lot insider buys, maybe they are accumulating to take it private or perhaps they know a buyer is waiting in the wings. I remain hopeful but not real confident that we will see some big contracts and positive earnings that were alluded to in the last CC.
Reading Selina Lo's answers to questions in the CC , I wouldn't be surprised to see some big news coming from Ruckus this year. This could be the Google Cloud endeavor or possibly related to it. I will stay around to see what it is.
She states "So, in terms of our incremental investment as I said before for competitive reasons I don't want to right now disclose in what area the investment is in. But as I mentioned earlier it is targeted to – in new market and it’s targeted for game changing type of deployment. So I would say please stay close and we will disclose as we progress throughout the year."
"Looking back on 2014, we made great progress in growing sales, expanding both gross margin and operating margin, as well as increasing the cadence of new product introductions and innovations. For the year, we reported 24% revenue growth and almost doubled our non-GAAP operating income. We introduced a number of new and innovative products, expanding our solutions portfolio to include software and cloud service offerings," said Selina Lo, president and chief executive officer, Ruckus Wireless. "Our new products and solutions have enabled us to expand our addressable market and grow market share, which should be key revenue drivers for us in 2015 and beyond."
I don't know how accurate the "Whisper Number" is but they are forecasting $0.13 for the eps. That is almost double from last earnings and I would be very happy with that. The near term upside will depend on what kind of guidance they give for the rest of the year. (or next quarter). It will be interesting to see if they give any progress on the Google project mentioned previously. Positive news on that would be huge.
stannguru, do you have any inkling as to what a fool you are making of yourself with your repetitive posts? Ten pages of yahoo board posts every one extolling the merits of a penny stock that sells for $0.70 and has never posted a profit. Maybe it will be big some day, who knows, but I can assure you it will not be because of you asinine pimping posts. Go away A.H.
I have a pretty big stake in this stock and it is my intention to hold for the immediate future. I think it may take at least a year for the auto contracts and others to become reality. At this price I don't think one can go wrong.
This from Sushil Dhiman's 3rd Q report: "I look forward to our fourth quarter results where we expect to see our new customer wins ramp up leading to greater revenue levels in 2015.” Ta-Da!!
I will take you at your word, Sushil, we all could certainly use a boost.
Well, if you like it that much remortgage the house, sell your car, the family jewels and the dog and buy more. BTW did you notice this is a RUBI board and not a Local Corp board?
Seems to me that anyone posting telling everybody to short a stock on a MB four times in 15 minutes is either running scared or a fool.
korasree...so I am to understand you bought this at around $18 and you have seen it fall to its current price? Now you are saying maybe $8 or $5 by year end and you are still holding the stock? If you feel that strongly, you should follow your instincts and sell now and avoid a possible further loss.
I own a fairly good sized amount of shares and I am going to hold for the for seeable future. IMO the share price will begin to move up around earnings and continue to improve toward summer.
Not to worry Beanie, I didn't sell a single share. I wanted to stick around and see what Dhiman's leadership will bring in 2015. I like what he has done so far and I really believe this stock is going to rally strongly in the coming year. Hang in there longs, I wish you all success in your 2015 endeavors.
PS: Hey Surveyjag, how is that DRL investment working out for you?