I don't get it - they price 6.5 mil shares at $4 around 8 AM this morning, and yet at 10:45 the published volume for the day is only 724k. Where'd all the shares go? Priced at $4, trading at 4.20 or so and yet only 724k shares traded? The underwriters can't possibly still be long 5.8 mil shares, especially given their sweetheart pricing... So where's the shares?
I like the stock because of Clipstream's potential. Without its adoption by a wide base, I don't see how DSNY grows sufficiently to make it anything more than it is. That's why I'm concerned. To me, Clipstream is an amazing product, but amazing doesn't necessarily convert to successful, especially when its adoption would hurt major companies with the economic resources to quash it. I can think of a few examples where companies with disruptive (to use today's IN word) products disappeared without ever being successful for exactly this reason. That's why I bring up the question. I'm long, and I'm not going away any time soon, but that doesn't mean it's strategically inapropriate to question the assumptions and ask if there any who might have more in depth knowledge how long it might take for Clipstream 2 to begin making an impact on earnings
So when should we begin to get concerned about Clipstream 2's impact or lack thereof? I've said this before - are there too many big money participants with too much to lose for Clipstream from our pipsqueek to have a fair shot at succeeding?
I consider BBEP to be a dividend stock in the sense that it's bot more for the dividend yield than appreciation expectations. That being said, the market seems to be taking the comments made at the CC about divvy coverage rates to mean you have to be willing to take a leap of faith with BBEP over the next year in order to believe the dividend is safe since ratio is well below 1.0 now and will only make it above 1.0 if their projections for quarters 3 and 4 are accurate. This DESPITE the fact that management had enough confidence to actually raise the dividend ever so slightly this past quarter... Coupled with the markets now being willing to question the future values of commods rather than assume they will be higher plus the couple of analyst downgrades and you have a scenario where sellers show up.... Makes it kind of interesting.... I've been in BBEP for a couple of years now and we've seen this play out before..... I think there's more reason to weigh the confidence shown by the dividend increase more heavily than to question the need for faith in their projections, especially when they seem to be hinting confidentally about expectations of more accretive acquisitions in the pipeline this year. So for what it's worth (next to nothing), I'm holding and actually hoping for it to go down a bit more. If it hits low 17's, I'll add.
If Yahoo ever needs an example of what a dismal failure their new and improved message board is, all they have to do is review this Board today. There are so many 100% spam postings unchecked by Yahoo that it has made this Board completely irrelevant and unnavigable for anyone looking to share or consider solid opinions about the importance and implications of today;'s BGCP events, including the spectacular volume! Shame on you, Yahoo. Your Boards are on their way to dinosaur status.
I think he must be too busy spamming the MILL mailing list with other news from other companies they must represent. I don't know about you, but today not only did I receive an MZ email about the new VP MILL hired but I also received some #$%$ email from them about Westbridge Energy, a company I've never heard of. So apparently MZ is mining the MILL mailing list for spamming about their other clients. I find that offensive.
I've been watching this stock in amazement for the past 6 months or so, never buying.... You'd think the market has occasional bouts of irrationality that are eventually corrected, yet this one remains so far above every rationale pricing imaginable you have to wonder, WHAT AM I MISSING? Maybe there has to be more to this thing than meets the eye because it continues trading in the same range month after month. Don't blame this on retail chasing stated yield - not for this long without someone being willing to slam it. Could it be that the amount of the dividend makes short sellers reluctant to short or is it just the overall small size of this thing? Or is there something I'm missing? This thing is defininitely operating in a second guesser's paradise.
One thing's for certain - the lack of discussion on the SFI report here on this Board goes to demonstrate just how far Yahoo has fallen as a relevant source for SFI holders thanks to their Board "improvements." This used to be one of the best boards around thanks to knowledgeable pros willing to post here and share their expertise and opinions with others with equally knowledgeable backgrounds. Now it seems as though there's no longer enough relevancy here for their contributions. To the old pros, we thank you for your past contributions. To Yahoo, thanks a lot... yeah, right.
One thing's for sure - it's been a viciously quick downturn at a time when they seem to have released a whole lot of good news for the future. I suppose part of the downturn rationale might have to do with no immediate activity on Audiocodes after the Acme Packet deal... That's the nature of short term money I suppose, irrational as it may be.... Personally, I'm in AUDC with play money only so I'm not terribly concerned and am willing to see what happens. Having said that, I'm still thinking I'm pretty dumb to have let it slide this percentage amount without having taken my profit when I had it.... We'll see... we'll see..