Wow meifud, that is just a complete lie. Price was fairly steady in Dec and January. Traded between .85 and one dollar in December of 2010, and .75 and $1.17 in January of 2011, closing January at $1.10.
Then the big event came that set MCZ soaring...on February 9, 2011, MCZ announced strong earnings due to RB3. which sent it up to $2.09 in a day. Fell back to $1.50, but then earnings driven momentum sent it over $2.00....it then traded over $2.00 dollars per share for parts of February, March, April, and May of 2011, So it was actually a long run over two bucks ALL DUE DIRECTLY TO THEIR FEB 9, 2011 EARNINGS REPORT WHICH WAS SUPER STRONG COMPLETELY DUE TO ROCK BAND 3.
Wow, you should get that memory of yours checked, or at least verify your material before posting.
....my guess is the ongoing concern statement and middling earnings led to the selling. Obviously the new credit facility solves that problem...all the way through June of 2018. So that takes care of MCZ for a full three years. Wish they included the full terms, rates are probably a bit high...of course refi is always an option.
No. Don't think there will be any need for stock dilution. Sounded on the conf call that they had it under control, and they seem to have a great relationship with their current lender...so if and when additional funding is required, seems like they will be able to get an increase in their credit line/loan agreement.
..what was the point of the caller's wedbush nonsense.....they were taking calls from individual investors anyway.
expectations of future profitability and thus use of those tax assets when profitable....so by accounting rules, need to move 'off balance sheet assets' back onto the balance sheet since it is now more probable than not that MCZ will need to utilize some or all of those tax assets. AND YOU ONLY NEED THOSE TAX ASSETS WHEN YOU EXPECT PROFITS....and sound like lots of profit to utilize all those tax befefits.
...funny Emory, in your last forgotten life as an MCZ pumper, you would have touted the earnings as a great MCZ accomplishment...and stated how its all about RB4!!! Now, the opposite.
'course, back then you owned shares, now you just pretend to.
...MCZ would have lost about two cents/share for the quarter. So revenues and earnings came in about as I predicted, using MCZ' guidance.
Looking forward to the conference call and commentary about the progress of RB4 and the Holiday Season.
eh, the stock is very normal. It moves up with good news and down with bad news. There's been a preponderance of bad news the last few years...therefore the stock trends lower. Now there's good news coming, so the stock starts to trend higher.
If you are stuck in the forest looking at every tree..in your case every tree, rock, piece of grass, pollen....you see trends that are not real. Step back, look at the forest....things are turning nice and green.
Stop agonizing at the monitor for every move or every 100 share trade. All stocks look wacky when you become a member of its cult.
And if MCZ dips b/c of bad earnings....whoever expected and unimportant that would be...maybe buy back a few shares that you panic sold. There will be lots of good news and flashy pr headlines in the coming months.
Actually, EH, many on this message board took advantage of the offerings reaction and were buying at .36 and .37. Those retail and Yahoo message board buyers weren't lucky, just knew what looked like a bargain. And, I guess .47 minus .36 = .11, which equals a 30.5% return for those smart enuf to take advantage of the offering. Congrats to them for not over reacting and selling into panic, but rather realizing an opportunity. I wouldn't be surprised is some sold a few at the .47 level prior to earnings.
....and for those who sold during the panic, well, there's really nothing wrong in admitting that. I've made the wrong decision many times in the short run and plodded forward looking for new opportunities.....rather than some who become so frustrated that they pitch a tent in a message board and talk the stock down over and over and over and over and over...with the same old rant, while actually pretending they own it. I know....it sounds wacky.
Emory......I think MCZ is diddlysquat horsepoop and is way overpriced.....but I do I own 550,000 shares and didnt sell any when I was yelling SELL SELL SELL!!!!!!!!!!!!!!!!
he just wants to be able to play both sides for the glory.......he thought it was junk (when he sold it after the offering), so he's hoping it collapses....but just in case it doesnt, he hold a gasheeshload of shares of a company he hates, whose management he thinks are idiots, and a stock price he claimed way way overvalued.
So...go down...he gets to say I Told You So..
Go up...I'm making money hand over fist..
Don't believe the Emory hype.
how you pretend to own lots of shares when everyone knows you dumped a short while back after the offering is wacky. Livin' the lie, juz livin the lie.
ttullio, good point. But recently, the only stock that has been sold is when execs exercised and sold off new options. Recently, ttulio, they have not sold any shares they have in their core holdings.
Anyway, we both seem to agree that expectations are for a strong second half, so at least we agree on that.
Hey ttullio, APT said they expected growth due to pent up demand for their housing product in the coming quarters, so I agree with your 'very strong outlook'.
ttulio, I am expecting even more than your 100% WAG for sequential earnings growth, I think it could be much much more. Maybe we can start beating the year over year comparisons. Last year we made .05/share in the June and September quarters. Wonder if we can beat that? Maybe that would get us to .08/share in each of those two seasonally strong quarters.
Remember ttullio, the president of APT in the March earnings PR specifically stated that conditions have created "...pent up demand for building products that we expect will lead to sales growth in the coming quarters....". So the APT CEO seems to be forecasting a strong turnaround. I guess we both expect APT to put up strong numbers in the near term.
with MERS virus dies from complications.
Now, I dont know how much this effect APT, obviously many will predict huge increase in mask sales and a big increase to APT's bottom line going forward. But whether that happens or not may not matter much, since APT has gone completely BEZERKO to this kind of news before....just check out the charts.
And what happens when the first MERS death is announced in the USA......watch out for APT to really spike at that point.
Nothing wrong with selling here, but they did give a very strong outlook in their last earnings report....and thats without any extra potential sales from any virus. They said their housing supply business, which is the vast majority of APT, should be entering a strong period.
the good news is that insiders aren't selling any of their real holdings. They are just exercising options and selling some of what they exercised that day.
...seems like it has a lot of potential. Maybe slightly profitable over the next few quarters, and then a big .025+ quarter in December. I think they can make .03+/share for fy '15, and for .05+/share for fy '16. Medical sector normally carries a decent p/e, so I think this one has lots of potential. May need to hold for a while....or who knows, may not....could catch some volume and be driven up early by the momo crew.
And as Hweb stated in previous post, always nice to have some insider buying at current levels.