the CFO and some HR dude comprised the "office of the CEO", co-CEO's essentially, or acting CEO's, until the permanent CEO was named. Now that they have the new perm CEO, the "office of the CEO" is discontinued and those two people can go back to their old jobs
I agree. Even exercising in the money options is a huge risk. Will the price hold if they exercise and then try and sell? I would not exercise any option over $4.
bought back the short term shares I sold just under $21
yield is near 7%
Next dividend to be declared in 3 weeks and will go ex-div one month from today
low interest rates and surging metals prices are good for the company
technically Hertz and Avis are both insolvent. The amount of their debt far exceeds their market cap. A rising interest rate environment will push these guys into BK...again
Transport Topics: I.D Systems in Asset-Tracking Deal For Chassis, Domestic Intermodal
Talks about recent TMS wins, names names, and some new stuff coming down the pike. Whoever scanned it and made a pdf could have done a better job of centering it. Details, details
I also thought that UBSS handles the insiders shares. If an ex-insider is selling, I have no desire to buy their shares. Do you? Nothing I would like more is to see these guys get squeezed. Their un-exercised options expire in September (excluding Jagid)
when was the last time we had any substantive news? Avis 3 years ago? All these $250K or 1000 truck deals are so small that no one cares. Lots of irons in the fire but no large deal has been announced in years. The largest deal announced since Avis was the $4M USPS deal.
Then when they announce new products, it is YEARS before they are available. They announced Analytics 2 years ago and it is still not GA. And when it is, it will be only a few million/year. The new VMS unit is still not GA either.
This company would be best served selling out. Take $8/sh and move on.
beter than the $4 axe from just a few short weeks ago. Jagid may have some shares to still sell. The ex-VP of sales has shares. The ex-BOD members have shares
Honestly, if the price moved above $6, would you not sell some too? I would.
I saw it. But these contracts are not all the money upfront. I tried explaining it to you and you refuse to listen. For every one of these contracts they win, they lose 2X as many to competitors/customers who aren't renewing their satellite contracts because ORBC is now competing with them.
these are NOT large contracts. They typically are over a 5 year period and have almost all deferred revenue. IDSY charges $8/month and $450 upfront for the hardware. Since Orbcomm has the satellite already, they can even charge less per month.
strange, strange company