Understand finance....you are a clown. cash flow positive in a big way based on what, you wanting it? The company has missed on 5 straight quarters and in each the numbers were dumbed down multiple times and they still missed. They are paying more in dividends than they are earning. Corn prices are soft, new compitition entering their space and the burden of factory over head killing hem to the tune of .50 per year in earnings. But because you said it massive profitability has to be right around he corner.
Report absolute garbage and stock mysteriously rises when there is no rational reason to buy and then all of a sudden has the rug pulled out. Bizarre is an under statement.
You are incorrect , this stock is traded on the NYSE and only about 50% of the trades are electronic. There is a market maker in a fundamentally corrupt system that gives him an edge in a thinly traded stock, I have talked with AVD management repeatedly why this was not in the best interests of the shareholders. They smugly dismissed me and between myself and my circle of investors we decided to pull the plug on our holdings and it was close to 2 million shares. I don't think management is deceitful or unethical but arrogant and out of touch come to mind. They are getting their comeuppance now and it is well deserved, the question is will they learn from it?
The volume has been really low because this stock now has no strong sponsorship, the price will fluctuate but make no mistake no one is stepping up in any volume until they prove they can manage this business.
Like I have stated before if you are here pointing a specific quarter or even a lumpy year you don't understand this company. If you are short yo have more balls than brains. You best possible scenario unfolded with another miss and guess what, the stock went sideways. What happens when they knock one out of the park? With the massive short position it won't be pretty trying to cover this equity. Let's reconvene here in March and check tte scoreboard.
Sentiment: Strong Buy
If you are holding for a pop on any stock you are gambling, investors make money. I believe this company s not one you buy for Q to Q earnings or revs, they have a unique technology that makes then a prime candidate for acquisition for a deep pocketed organization. I believe they are taken out in mid 2015 in the $50 range. Time will tell. I can tell you that i am buying the hell out of it here.
Sentiment: Strong Buy
For 5 quarters in a row no less.....LOL After the last Q earnings it rose and then hit 9.50 It should do that again, I am not touching this stock until they show an ability to forecast and deliver.
Can't wait for the next decision about dividends.....how ridiculous does last months decision to pay a quarterly 5 cent dividend look now? Supposedly to signal that things were back on track. I used tothink these guys were at least honest and up front.
And then rises before getting crushed the last few quarters. (assuming the getting crushed is coming) Why on earth would anyone find value in this until they show the ability to actually forecast and deliver? I can't find anything intriguing about this stock right now.
Steve,, #1 The price of corn is down consequently less is being planted. So the total # of acres is diminished. #2 with the price of corn being less the average farmer will be less inclined to pend on AVD and other related products. #3 competition and discounting is now rampant and will squeeze their margins.
What was saw in 2011 and 2012 was a perfect storm that no longer exists, and after the last 2 years of no being able to forecast this company will never see aggressive multiples again.
Their IP is solid and they are making inroads in some nice long term market niches. Whether it is this Q or next I believe the numbers are about to improve and the stock will turn sharply north. I would hate to be caught short here whenthat happens........
Sentiment: Strong Buy
7 might be a bit low but why would anyone buy this at the present time? Another miss on revs and earnings (4 straight by my count) and they can't even beat dumbed down numbers. Also they are finally admitting what an absolute boat anchor these factories are and that isn't changing. ZERO confidence in management until they deliver anything close to credible numbers. And paying out MORE in dividends than they earn? Complete clowns.......
Steve, It may be near the bottom but why jump in? It won't start appreciating until these guys show some ability to forecast and deliver. I am waiting for a sign that they are really in tune with the havoc they have brought upon themselves.
Nice move getting some of your loss back on the short side. Like you I believe this is headed to $9 or lower by a dollar. I won't go long until I am convinced these guys can forecast and deliver. I think the only way we get significant return is by being acquired.
Steve, Exactly, it has done that repeatedly which leads you to believe someone knows something you don't. Also paying he dividend with the pathetic results is so transparent that it is laughable. And you are right it can be turned around in a couple of years so why would anyone be buying now?
By what measure? I have been a huge supporter of this stock for 14 years and I am completely out of it and as I pointed out in my posts 60 days ago I won't touch it until it hits 9 or below. They have not hit a forecast in over a year, continually guide down, have huge factory utilization burdens, and new competition in corn soil insecticides. Plus the idea of paying a .5 dividend wit the last 4 quarters of revenues smacks of painting the toenails of a terminal cancer patient. I made very good money of 14 yeas and had it wiped out in the last 2 years.
If you buy this expecting a short or mid term upturn you are delusional. You can get ti cheaper and not have your money tied up. These guys now have a huge credibility gap and a lot of corn acreage is now going to soy beans and other crops where AVD doesn't participate. Everyone has a right to do their own evaluation but that is mine.