You may be correct but I sure would like to have WF recommend audc as it is twice the size of my sons position. I think it is tax selling combined with lack of credibility because of the flop after the offering. The only way that audc is going to advance materially at this point is accelerating revenue and profit growth. On the other hand it does appear to be extremely low risk as the valuation is so low and the cash is so big.
The real issue is not volume but rather why sons share price is on a roll and audc is in jail. Tax loss selling could be the reason but it appears to be more than that as audc looks to be a much greater value.
OAO Uralkali, the world’s largest potash producer, said it expects to produce as much as 12 million tons of potash this year, raising the forecast by 4 percent even after one of its mines was halted because of flooding.
Flooding at Uralkali May Make Potash Corp. Biggest Producer 11/20/2014 11:46:00 AM
“With increased capacity utilization at other mines, we intend to produce 12 million tones of potash this year to meet strong demand from our customers,” Chief Executive Officer Dmitry Osipov said in a statement. The previous target, announced in August, was 11.5 million tons.
Uralkali is monitoring the Solikamsk-2 mine in Russia’s Perm region after water began flowing in last month. A sinkhole that has widened to 50 meters (164 feet) by 80 meters opened near the mine, swallowing up local summer homes. Uralkali sees a high risk that the mine will be completely flooded, forcing it to abandon a site that makes up almost about 18 percent of its capacity.
“We expect the accident to have an insignificant impact on our 2014 full-year output target,” Osipov said.
Uralkali shares rose 11 percent to 137.05 rubles by 4:12 p.m. in Moscow after the statement.
The company also reported that third-quarter revenue increased 5 percent from a year earlier to $896 million. The increase came from higher output, with the average export price for potash falling 14 percent from a year earlier.
I agree but it is somewhat surprising that the stock hasn't reacted a little more to the upside.
I am very long audc but there is no need for any takeover talk. The only thing that is going to move it above $6 in the next 4-6 months is revenue reported above the current projections. The promise was for hockey stick type growth and we don't have it yet. Unless we get it we won't see anything above $7-8 for all of 2015. IF the increased growth kicks in, AND expenses are kept under control, then we might have a big deal. Nonetheless at the current price this is deeply undervalued.
Sentiment: Strong Buy
Price action of the last few days has been very positive. More volume and and significant bids appearing from time to time. Could be we are in for a trip to the $1.35 level.
I emailed Kim Jenkins a few days after the conf call and asked if there was a change in status for ClearPoint and also got a no reply. I think this indicates that something is up with it, bit what?
Yes. I have made lots of money from audc and i guess you haven't. According to your logic that makes me a dummy! But they currently have a rock solid balance sheet (thanks to their short sale) to go with rising revenues and profits. Sounds like a company someone who wants to make money might want to invest in!
They do what is best for the company and the long time SH's. If the stock is overpriced damned right I want them to sell shares. If it is under priced, I want them to buy them.
How long will it be before FEYE decides it needs to raise cash and how big will the offering be? Looks to me like they will need to be doing a large equity raise sometime in the next 6-9 months.
I have been in this for a long time. Things looks bad financially but there must be a silver lining or why did Grillo take the job?
Results are good they beat by a penny. they appear on track to earn the $1.80/sh for next year currently estimated.
It will only benefit them if they can ramp up sales. I have been very disappointed in the inability to get this great technology adopted by surgeons. hopefully the new ceo will have an effect.
What would they say? Some short wrote an article in SA bashing AFSI but noted that MHLD was properly reserved but AFSI was not?