Actually, I like VRX more and more in a challenging market environment. It has already gotten the sh$t kicked out of it. It's trading at less than a 3/PE. How much lower can it go. The debt isn't really an issue. I can't see a better play in the market from a risk/reward standpoint. In 18-24 months this will be the investment of a lifetime. I have 5k shares at a basis of just over $26/share. It's 18% of my overall portfolio, but in 18-24 months it may be 70%. I will obviously have to diversify at some point, but I hope you get my point. If it goes belly up, fine, I took a chance, if it does what I think, I will be in a very good situation. I may still add a little more down at these levels to bring my cost basis down even further.
This stock has taken a 90% haircut. The bad news is all out of this stock as of the Q1 filing. This thing is going up from here. I probably bought my first stock a little too early, but I'm now dollar cost averaged in now at just over $26/share. I have time to wait for this to go back to 60, 70, 120 and 160 over the next 5 years and make a fortune.
This is crazy. No reason for this to be down for any reason. Raised revenue, raised full year guidance and continue to invest in the business. This should be up $2-3/share.
Revenue looks great. Next quarter revenue looks good. Not sure why the earnings guidance is such a huge miss. Maybe Wall Street miscalculated. No way this should be down after this report.
Imagine how bad the numbers would have been had they not had 160+ open positions. That would have been another $5+ million of operating expenses in the quarter.
Did you listen to the conference call? These guys didn't really have an idea of when the business would turn around. They were overly cautious and it cost the shareholders. They seemed to indicate a slow down in the industry overall and that wasn't well received.