The acquisition is what really killed them. Taking on all that debt while the downturn was just beginning. Very short-sighted of management.
Everyone leveraged in oil got clobbered. MLPs probably got murdered the most. You could probably trade your shares for some Solyndra and go green energy broke. ;-)
Yes, but they will no longer support the on-premise versions of Encompass. What the big banks have been doing is raiding Ellie Mae employees to become administrators so they can keep their versions for as long as possible. This will slow their earnings as customers take time to warm up to the Cloud. The net result is that junior got a big raise. ;-)
How do you short a sub $1.00 stock? He's just a troll who probably got burned on a $500.00 investment and now wants to spoil your lunch.
The valuation on this pig is huge. I just don't see any huge profits forthcoming owning this stock with no dividends in the face of all the upcoming competition. If this was a boomtime economy I would be more inclined to hold it
When pigs start flying everyone will wish they had bigger butterfly nets.
Because you didn't pay enough attention to their valuation. 50 billion is way too much to provide any upside for a long time. I finally came to my senses and got out. Too many players in this space. I got in initially because I heard that they were cutting a deal with Amazon. Stupid me!