Watch it start a slow descent to $5. The market is tired and we're going back down.
The Yellen party is about to end and the worldwide slowdown will be back on front pages. $5 guys, $5.
By Jon C. Ogg March 28, 2016 7:50 am EDT
Market value: $3.0 billion
1-year stock performance: −56%
This is a great cybersecurity company that still has great growth ahead of it. The problem here is that FireEye Inc. (NASDAQ: FEYE) keeps operating with losses ($1.2 billion accumulated deficit, and growing). Sales were $161 million in 2013 and grew to $623 million in 2015, while its losses grew from $120 million to $539 million. With sales anticipated to hit $1 billion in 2017, the company is still expected to lose money in 2016, 2017 and 2018, even on an adjusted earnings basis. This is a farcical business model wherein a public company is selling its investors on the notion that they are increasing share by losing money. Its $3 billion market cap would make FireEye a unicorn if it was in the venture capital world, but this is a public company.
Halt, then PR, then ignition.
OCN bonds action shows that big money is not stressed at all. This is all hedgies playing with fire... I believe that all the bad news were priced in the loss of February 29th. March 1st was algos pushing it down but value investors will now step in. OCN should get back to $4.00 very quickly. And then slowly recover.
OCN is alive, will stay alive and will do just fine. It deserves a market cap 4 X bigger right now... Imagine when things start going much better...
Buy now and double your $$$$$ in 2 months.