You are misrepresenting the trading 52 week trading range.
While shares are up from the 52 week low of $1.90, they are also down tremendously from the 52 week high of $6.89 per share. Today's trading at $2.51 illustrates share prices are up 32% from the low but are down 74% from April.
It is very obvious that MIFI is on a downward trend and without a significant catalyst that trend should continue.
I follow the ResearchTeam analyst firm through Ameritrade and they report that MIFI has gone down 54.08% since they downgraded them from Hold to Reduce. That is staggering. You have to wonder about their ability to remain a viable business. With a current -.67 EPS, that may happen sooner rather than later. A merger or buyout is the only hope here and I can't see any other wireless outfit wanting to buy into that debt.
I am always looking for opportunities but Novatel isn't one.
ed, SDRL must be a highly speculative position for you. they've eliminated dividends and their business is collapsing. same with RIG.
the hydraulic frack process has cause an oil glut along with lower demand. the capital expenditures for offshore oil platforms are cost prohibitive for oil majors who are seeing their earnings plummet. if anything, oil majors are tightening their belts. in the meantime the Saudis are not about to cut back production and lose market share. they can afford to wait it out and have vast reserves.
i hope you rethink the SDRL position prior to their ER. it isn't going to be good. actually, i wonder if there is any place for offshore drillers in the next 10 years. will SDRL and RIG be around in 5 more years?
there is a "new normal" in the oil and energy sectors and it does not favor off shore drilling.
as for FLY, i check in occasionally just to monitor. i've kept the FLY position closed and the AYR open. IMO, FLY is a sham and cannot be trusted.
Is that because Novatel is forcing employees to take shares of common stock in lieu of 30% of their salaries? Regardless, the purchase was less than $25k. That's chicken feed. Normally an insider trade amounts to 6 figures. Seems like smoke.
On another note, it is also interesting to see a message board that continuously promotes the company during a share price plunge of over 60% in less than 4 months. Typically shareholders are writing posts demanding that heads roll - especially if there are no dividends or distributions to keep them at bay.
Very odd indeed.
maybe he is wrong but, whether you like it or not, CPLP is tainted by even the remotest tie to Greece.
why are you calling everyone idiots? perhaps you simply don't understand them.
am thinking of buying back into MTW. i last held and then closed out at a 29.33$ sell and so dodged a nearly 41% capital loss. however, am impressed with all the soda dispensers i see throughout the fast food industry with everyone from Wendy's to Noodles. they are all over and must be presenting MTW with a sorely needed shot in the arm. the split off between crane business and the food service businesses can only help. i also believe Icahn still has an 8% holding on outstanding MTW shares - always a good sign.
what is the latest scoop on the split off? any word on the date?
snuau you are too emotional to be any type investor as you attack posters when the market is down and make nice when it is up. You need to find another hobby that doesn't stress you out and leave the boards to investors.
Are you nuts or something? You don't lose anything until you sell? That's like having your savings account hacked and money withdrawn but you don't lose anything until you try to withdraw funds. I think you may mean you simply don't have REALIZED losses until you sell. If your cost basis is higher than current share price, believe me - you lost money.
I see you are new to this quorum. I hope you learn quickly.