The panel that was on CNBC at around 4:55, right before Fast Money, was discussing legalized marijuana and had the CEO from Medbox on.
During the course of the discussion Pete Najarian mentioned that he had been in the stock, but had gotten out too early.I am not sure why he mentioned this, but he stated that as an alternative he was in USAT.
I have not heard anything at all about this company being involved in the industry , but if some sort of gold rush of people wanting a stake in that industry send this stock up I am not above taking the money and running if the stock gets ahead of itself.
How cute the board tool is talking to himself again.
I notice that you were busy guarding the board pretty regularly during business hours last week.
One would think that someone as successful as you would not be busy working in a cube or call center over the holiday week and posting, but would be spending the holiday week with friends and family enjoying themselves.
Feel free to tell the board how someone as rich as yourself would spend a holiday week using multiple ID's and posting constantly. Don't worry I'm sure the few people left reading the board will believe your bs line. ROFLMAO
Almost 1 month later and Apple up almost 3% total, While app is up 15%.
To match the return of this stock apple will only have to run up to 600, or to address Irish's imaginary portfolio, he is behind 55 to 60,000.
Don't worry he will be able to spin an explanation about how well he is doing under performing. After all last year he was cleaning up shorting the stock as it went from.90 to over 2 in the first half of last year. LOL
At least 31.6 million new shares added during the quarter.
Without any move in the stock price the company is now valued over 24.6 million more than it was last quarter.
The company might have received capital to survive,but the new buyers got a discount to the current price.
In addition it is not usually a good sign when the number of shares outstanding is growing faster than revenue.
The village idjut just can't help himself, wants to see himself post no matter how dumb!
S&P up .18%,Dow up .03% Nasdaq up .15%, APP up ,89% beating the three major markets for the day.
Not even smart enough to wait for a day when the market beats the stock, too in love with seeing his own posts to show any intelligence!!! ROFLMAO
Everyone's portfolio, that was smart enough to stay in equities though the whole down turn should be at an all time high.
Go back and do the math on your imaginary blue chip portfolio from a few months ago and the return you got during the current run in stocks was not that great.
I know the math might be difficult for you and with figuring divies and taxes it might take a few years for you to figure out how your imaginary billion dollar portfolio performed against market averages over the past few years.
One has to wonder why a rude pennystock shorter would feel the need to try and convince anonymous strangers that he is wealthy.
It is so needy, bordering on an apparent pathological desire to convince complete strangers of something 100% unverifiable or important, that if you were not such a dbag I would be more likely to feel sorry for you than laugh at you like the buffoon you truly are.
You really are not the sharpest knife in the drawer are you.
It was only a few months ago you were bragging about a 600 dollar rip on a short of a penny stock and you think anyone is foolish enough to believe that you invested over half a million in aaple,
You are just too funny.
Cashed out at 1.21 this morning. the numbers were so bad I am surprised that i was able to get out with a few pennies on the trade.
Without sales growth this company is in big trouble.
Some might have tried to say that the debt was the problem with the company, but even though that was a weight on the stock value it was not their biggest problem.
Back out the debt and change in option values and this company lost 10 to 15 million in operations this year. They will need at least 6% growth this year just to get close to bein operationally profitable and that does not take into account the 8 to 10 million in interest quarterly.
Moving into the slowest quarter, with momentum moving in the wrong direction I am more than happy to get out of the trade whole and look for something better to invest in.
How big a d-bag does a poster have to be to get a thumbs down from some one while trying to wish the board a merry Christmas? LOL
The spaz is losing it.
Posting like crazy under his hundred ID's while claiming over and over , no he really really is wealthy all the while making erotic passes at the rest of the men on the board.
Sad Sad Sad.
The total number of options warrants and convertible preferred/ accrued dividends only came to about 47,528,243 shares at he end of last quarter, for potential dilution of a little over 40%.
Was that 12 or 13 threads over an 8 hour day at the cube farm and the only other post appeared to be from a small cap spammer, what a fool!
Enjoy your board little troll. the problem you have is that there has been no interest in this stock since it was confirmed that sales growth had stopped. That means that you are pretty much talking to yourself, but it seems that you are very accomplished at that with your full compliment of imaginary supporters.
You weren't even smart enough to claim that you shorted the stock after last quarters numbers made it obvious that the company was probably going to bleed to death,
The 6.5% drop means that the stores that have been open over a year had sales drop 6.5%. The only reason that top line sales rose was the number of new stores opened in the last year.
Since a growing percentage of their sales are being made through direct sales the stock should not rise until the trend in same store sales starts to improve.
SSS dropped 6.5% and e-commerce sales dropped 6.5% , and you are calling that a good result?
The only reason sales rose is that they opened so many new stores. The stock and profits will not turn around until net and sss start growing.
The stock has reached this point in the last year on the expansion of gross margins.
This quarter the trend reversed significantly.
Since there are supposed to be 1 1/2 more years of significant drugs falling off of patent it is possible that this could be a one time hiccup,but I wouldn't hold my breath.
The next drivers will have to be reduction of debt, opening new stores and same store sales increases.
In addition the share count increased over 8% year over year and 5% on a quarter to quarter basis.That is hopefully a one time deal as that type of growth in share count is not a good sign for a slow growth company like this.
On the bright side next quarter numbers from last year contain the expenses of refinancing the companies debt and should make the numbers easy for the company to beat.
After that they are going to have to methodically pay down debt and start opening new stores again to keep the stock moving.
One might ask why you would go back 6 years in your statement?
After all a five year time frame would be more traditional.But if you used a five year window the stock is up over 400% and sales are growing at an over 20% clip.
I doubt that there are many, if any people left in the stock that bought back in 2007 or earlier.
The real question that needs to be posed to anyone wanting board seats is are they trying to help the company improve operational efficiencies that could help the stock in the long run, or do they want to dress the company up in a bow for a quick 30% pop on a sell out?
After all it seems that they are advocating higher pay for board members, which while adding to expenses would not seem out of line depending on what is expected from them.