I think you need to read it again. He makes a prediction based on data he has as of March 31, but HE DOES NOT SAY or COMMITs when the estimated MSAs will produce the revenues......i.e. We estimate by Q3 or Q4 2014 or whatever...we will achieve multiple of 50M.......
People will respond to CEO's comments in a positive way for so long...After that people want to see results, i.e. new contracts, more revenue, more transparency, more investor friendly company....GV has good potential, but needs to deliver the goods...it may happen...although it appears the next 3-4 months will be very bumpy.
CHCI filed a $25 mil shelf last Friday after markets closed....So it appears this SP is heading much lower. I was a bull myself and could not understand why so many shorts stayed short, especially with the good house maket news recently reported. Now I see the reason. I don't think ml4999 is bipolar. Just a big time manipulator who was trying his hardest to suck others into buing the stock, waiting for the coming massive dilution , which is coming. The more people he sucked in, the more people will be hitting the exits, the more profits for him. Yes he is shorting stock big time...he did not have a divine revelation on Friday, he knew all along
A year or so ago they removed GV from "Bargains" but left it in "Radar". Last week they removed GV from "Radar".
In their blog give a couple of reasons for doing that, pertaining to poor last quarter AND refusal of management to provide answers to their questions. They said, "This is not an investor friendly management" No wonder no analyst is following this company.
If they get a big contract, and this is a big if, SP will go up, but if they don't , expect another poor to mediocre quarter in June, and SP will tank. GEO has been quite accurate with some of their stock choices and predictions.
As of 4/30, 21.7 million shares in float, 195K short....Shorts are such a small portion of float, they play in role in SP at all.
With 35% of float short as of April 31, if this stock starts a run, expect a spectacular short squeeze, that may double SP in a couple of days. All is needed is some good news, which have started coming on general housing market. Not sure why shorts are not covering at this point. SP action shows stock has bottomed.
Very realistic assesment of DRWI. If they deliver on 50% more revenue next CC and provide some positive guidance SP could go higher. Meanwhile it will hover around $1.20. Shorts have been around 1.3-1.4 mil for the last 4-5 months...so no major activity there, showing a neutral disposition...Next CC could influence things one way or another.
Like you said, opinions are like noses...every one has one...and come in all shapes...This stock is cheap but it may get much cheaper between now and August/September...
How about they get fined for project(s) delays...or not fully utilizing people they are currently hiring...that can easily cost them 500 - 1000 K and that will make EPS 0c -2c or even worse. You always assume a conservative figure but you never figure the surprise element which is so common with this company.
Not sure about that. Next quarter is critical. Another dissapointing result and SP can go further down.
I am a bit skeptical with how well C&C will fit in GV from a management point of view. We have the union of a non-union company with a union company, no pan intended. GV management may have some issues dealing with a union shop. The cultures and management styles are so different. Hope things work out.
Didn't you say an hour ago it will go down to $1.14 ? What is it $1.14 or $1.34 - $1.56 ?
Any reason for the announced meeting with investors ? I thought they had enough cash from previous secondary, unless they have some new plans.
You may be right, but what are the catalysts between now and July 30th for SP to reverse so much ? AP said that inventory issue may not be corrected in next Q, and he believes new product revenue will increase in 2nd half of the year. Anyhow, I don't believe anyone expected this drastic reversal...although I will take it...
Shorts do not flip so quickly, unless they know something. It appears shorts knew about lower guidance, and now they know something else which must be positive. They could have taken the SP down to $2.50 easily 2-3 days ago, when all were saying this is dead money for the next 2-3 months....
GV does business in SE, West, and mid_Atlantic. Remember this si a FL company and do a lot of work in FL and TX. Weather was very severe in NE. So, I don't think weather was such a big factor in the poor Q1 results. They just did not perform well, and they mismanaged running the company.
You would expect a well managed company to have a better handle on business growth and hiring. It seems that the results of opeartions of 1c EPS shows of big disconnect between hiring and purchasing equipment and actual revenues...They went from 15c in 2013 to 1c in Q1 2014... If this is a sign of the rest of 2014 quarters the SP will dive to 10x 4 = 40c . I wonder why is not down to $1.40 - $1.45 yet.
A number of negative factors may drive the SP even lower between now and next CC.
1) Shorts as of 4/30, before CC and lower guidance, 9.3 Mil, I bet another 5-6 mil shorts in early May, for about 14-16 mil shorts, or about 30% shorts of total number of shares. They may continue shorting further if no major new contract is announced.
2) No revenue from "context" till 2nd half of 2014.
3) SP below 200 day average
4) AP indicated that he does not know if inventory rebalnce will be fixed next quarter, potentially giving another low guidance July 30
5) Micrcaps are selling, many profitable companies with good revenues/guidance are in correction territory.
6) Whole market may correct further.
Depending what the market does, there are no catalysts at this point for buyers to jump in yet...
Next CC, July 30, will be very critical. Till then, this stock could easily go below $3 or stay around $3, but do not expect any major uptick. Stock has lost its momentum big time.
I did not see this coming myself. Although I have not lost money yet, had bought around $3, saw my 80% profits over the last 8 months, dissapear in 5 days... now I am up 5%...Should have sold some in the 5's , but was certain guidance would be great....Live and learn. Stunned !!!