Looks like dead money for another quarter, but the stock buy back could keep NHLD's share price stabilized. The buy back is not the answer to lift the stock price over time, and the strength of the company is the balance sheet, which will weaken over time. The company needs to grow revenues and show rising profits, neither. achieved this past quarter.
Avi is clearly on the hot seat, as they are pointing out all of DDD's issues that continue to plague the company. Avi must go.
I bet next week DDD goes lower when earnings are released, or do you believe there will be an upward surprise with bullish guidance? Yeah, ok.
UBS analyst Steven Milunovich reiterated a Sell rating on 3D Systems (NYSE: DDD) an cut his price target of $10.00 (from $18.00) ahead of results next week.
Milunovich commented, "3D Systems is scheduled to report 2Q results next Thursday though the read-through from Stratasys indicates the continued deceleration of growth is more than a temporary pause in end-market demand. 3D Systems did not preannounce its 2Q earnings and had withdrew its 2015 outlook last quarter, but we remain concerned the company will not be able to provide assurances that demand is improving. We continue to believe 3D printing has a large opportunity to be disruptive at scale, though for now it appears use case expansion will be required to fuel the next leg of growth."
The firm's 2015 revenue declines from $752mm to $720mm. EPS declines more than 50% to $0.32 with expectations of a mid-single digit EBIT margin
Bring it on, George.
Avi should but won't. Next week DDD could have a single digit handle. SSYS just threw in the towel for this year....next week AVI will pump out some more hype. LOL
Avi must go.