…or does SWIR usually move opposite the direction of the overall market on any given day. It's sort of nice, because it helps give some stability to my overall portfolio, but it's just kind of weird.
er… The volume (or lack thereof) would suggest that the little mini-rally is over. I wonder what happened. Day traders? The "#1 in category" status on Amazon?
but what a _stupid_ way to run an Analyst day. I'm long, but I still kind of think it's appropriate to send the share price down a little just to send a message to management that they're simply terrible at PR.
I just bought some shares. Yesterday's correction was pure over-reaction in my estimation. Does anyone really care what Goldman Sachs says anymore?
I guess I'm long, since I'm not short. I bought some pretty significant quantities in the not so distant past for an average of $7. That was a much surer way to make money than shorting at $18. But you gotta do what you gotta do, I guess.
Well... it was up about $1.50 yesterday and it's down about $.70 today. Maybe you have a different definition of "all" than I do.
Sorry to those who bought high, then panicked and sold.
Well... Since they have about $11.70/share of assets and cash, a price of $13 would basically mean that the underlying company is worth about $1.30/share or $40M total. Based on their (probably conservative) estimate of 3.3M earnings next quarter (and assuming no growth whatsoever) this would mean that the P/E of the company itself is about 3. Sorry, but that seems a little low to me.
And last year, the majority of their revenue came from a product line that had pretty much zero growth potential (and lots of potential for eroding margins).
No. He's saying that the run from 13-20 was never based on the next quarter's earnings anyway. It's based on the story that M2M/IoT is an emerging market that's going to explode sometime in the next couple of years.
You know... like Twitter... how did their most recent earnings report look? Good enough to justify a price that translates to 50x revenue?
AARRRGGGH... never mind. Just wait for them to come on the yahoo board. Current numbers look OK. Guidance doesn't look so good, but like I said, they've been low-balling these by quite a bit for quite some time now.
Sierra Wireless Reports Third Quarter 2013 Results
4:32p ET November 7, 2013 (Business Wire)
Sierra Wireless (NASDAQ: SWIR) (TSX: SW):
Q3 highlights from continuing operations
-- Record revenue of $112.3 million, up 12.1% year-over-year
-- Adjusted EBITDA of $5.9 million, up 81.3% year-over-year
-- Non-GAAP earnings from operations of $2.4 million, compared to $0.3 million in Q3 2012
-- Non-GAAP diluted net earnings per share of $0.11, compared to diluted net earnings per share of $0.04 in Q3 2012
Sierra Wireless, Inc. today reported results for its third quarter ending September 30, 2013. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.
"We delivered another quarter of record M2M revenue, driven by steady growth in OEM Solutions and a strong quarter in Enterprise Solutions," said Jason Cohenour, President and Chief Executive Officer. "In addition, our third quarter results are highlighted by continued strong increases in our key profitability metrics, demonstrating the leverage in our operating model as we execute on our profitable growth plans."
Revenue for the third quarter of 2013 was $112.3 million, an increase of 12.1% compared to $100.2 million in the third quarter of 2012, and an increase of 2.4% compared to $109.6 million in the second quarter of 2013. Revenue from OEM Solutions was $95.9 million in the third quarter of 2013, up 8.6% compared to $88.3 million in the third quarter of 2012. Revenue from Enterprise Solutions was $16.4 million in the third quarter of 2013, up 37.8% from $11.9 million in the third quarter of 2012.
-- Gross margin was $37.3 million, or 33.3% of revenue, in the third quarter of 2013, compared to $31.1 million, or 31.0% of revenue, in the third quarter of 2012.
-- Operating expenses were $40.6 million and loss from operations was $3.3 million in the third quarter of 2013, compared to operat