It is a shelf filing so it may not be used. It is not unusual to have a shelf on file. If they do use it, it will be for an acquisition since the core business throws off cash and doesn't use it. Russ has a good track record with prudent acquisitions so we will have to wait and see.
MCHX says they won't issue stock other than at prices "substantially above the current price". We will see.
No. I think we are early in this trend. I will know better in the next few quarters. I am looking for new customer growth and more ad budget from existing clients. The bet here is on mobile advertising which I think is just getting started. I also think it will be even a bigger business in Asia and Europe which MCHX hasn't even begun to penetrate.
As I said, the next few quarters should establish the ramp. If it does, it is a very long ramp to ride both in the US and overseas.
I bought TSLA at 21 and sold it at 29. I thought it was a good trade! I am an investor here not a trader.
Northland Securities initiated on MCHX today with a BUY and a $12 target.
Earnings release after the market close. I don't think you would initiate right in front of the release unless you were pretty sure it was a good quarter...
I agree. It was a terrible quarter and they still were cash flow positive. Their competitors are going out of business. Looks like a classic cycle bottom. It will take a few quarters to really show in the numbers but I have been buying shares today.
No I do not think they have announced it. The window for the buyback only opened in May and they had not bought back much if any as of that quarter. This would be the first full quarter. My guess, knowing these guys, they haven't bought much.
I also forgot to mention above that book value is over $5/share so they are trading at less than half of book. Normally book value isn't that relevant but for a mining operation it is more so.
This is not a dying stock. It already died. Earnings will be horrible tomorrow. On the other hand, no debt, plenty of cash, buying back its stock and at the bottom of the pricing cycle. Usually a recipe for making money.
This stock has been left for dead. It trades at half its book value. It has no debt and has been buying its own stock. The primary unknown is when material prices will head back up. Given MCP's announcement two days ago, it is unclear. If the prices firm, the stock will double (and more) in no time. It is just that no one knows when that will happen. I have been slowly accumulating at these prices but the turn could still be 6 to 12 months off.
The world is moving towards MCHX. The next few quarters should be telling. I have been early in this stock. Something about a financial crisis has slowed everything down. I own a little over 1.8 million shares and am holding. This board shows that no one even knows this company exists. If they can execute, we haven;t even seen the beginning of the stock price run. We will see.