Fraud??? There's no fraud here. They're just a victim of other China frauds. Just ask bitchslapfreddy. LOL
Speaking of turkeys, Happy Thanksgiving!
I suppose if you don't consider estimates cratering and the growth story all but gone for '14 fundamental, then yeah, nothing's changed.
Agree 100%, Robo. No near term catalyst combined with the likelihood all the momentum built up over the past year has been totally destroyed by another infamous Q blowup is why I sold. Us longer term holders can easily recall the years of this trading below book due to the inconsistency of earnings and fear of the inevitable blowup. I was almost convinced that was behind us now, until yesterday. I mentioned a couple times that many microcaps I've followed for over a decade were receiving valuations like never before in this Fed induced market, including PRCP. Maybe this market plus the promising outlook for Helix, which didn't seem to receive the same enthusiasm in yesteday's CC as in prior ones, IMO, backstops that from happening again but investor confidence means everything in my eyes and that unfortunately was violently shaken again yesterday. Fool me once..........And as to your longer term outlook, heck, I'm seeing the type of returns you mention in months, if not weeks, in a number of microcaps I hold and am looking at, and this current market environment won't last forever.
I was referring to them not "realizing" some invoicing had not come in in Q4 and showed up in Q1. How exactly do you not realize that? And esp. how do you not yet "realize" and relay it by your CC what, Aug. 29 when your Q4 and FY ended Jun 30?
Thanks, aao. Guess that further explains Lowry's sudden exit. Slip ups like that don't exactly give investors a warm, fuzzy feeling. Makes me even more confident in my decision to sell this a.m. I hope for all involved the new guard can get a handle on the issues that have frustrated shareholders here for so long.
Robo or anyone, I don't recall mgmt. mentioning the Q4 into Q1 costs issue on the Q4 CC. Does anyone have any recollection of it? Surely they knew. Thx.
Short answer Robo, no. I'm no lawyer but even if there's a little something there, I think we both know who really makes out in shareholder lawsuits, don't we? Mgmt. has a history of consistent selling so I think that would be hard prove to although I must admit those revelations do make the recent retirements a bit more suspect.
and I mean meaningfully, not a few pennies or a nickel.. $32.8M in cash and ST investments is an all-time high. Income investors are starving for yield. LT growth investors have had enough. Just my 2 cents.
of my shares. I recently said my fuse would be much shorter in re Helix and given the questionable 2014 growth prospects just presented in the CC, together with the number of other opps in this market, it's time for me to lighten up here substantially. I'll still have a toe in the water to check in from time to time and I wish you all, esp. the few excellent posters I've come across here, the best of luck!
One more thing, be aware many traders don't hold ANY stock thru earnings and esp. microcaps with their inherent volatility.