sure - catalysts are gone now - it was no surprise anymore that the convert will be repaid and management made it quite clear on the call that there will be a few good quarters but this won't hold forever. The shares should be avoided.
Management had zero answers how to they want to "rebuild" the company given the poor balance sheet and low cash resources. Even worse management wasn't too optimistic going forward as just another newbuilding glut obviously starts to happen.
2015 will see more drydock time effectively weighing pretty heavily on earnings . I have been positive on the company for some time but today's call simply underscores that the shares aren't worth investing in. Sell.
yeah - that's why the stock is down 25 Cents within a few hours after I called out the early move as unsustainable
There might be some momentum re-emerging but if this is not the case I would expect the shares to give back most of these early gains. Will take a position then.
Given management's latest buyback action this outcome was almost a given so I am wondering about the huge jump in the share price this morning. The tanker market will stay strong for some quarters so the shares might show further appreciation with the debt issue now finally resolved. But the ATM is still in place and might be used opportunistically by the company.
earnings won't be good but this is meaningless as all eyes will be on the bond issue. Q1 and Q2 earnings will be much better but for the stock to go up no further dilution is required
Cheap stock though
you are dumb - YNDX currently finds itself in a triple whammy of market share losses, cost inflation and forex headwinds and the company's forecast is for things to become even worse. All business metrics are showing signicant deceleration except for opex. Clearly things are going pretty wrong at YNDX.
why not but this is not the time to be long YNDX - their outlook on virtually all metrics was pretty much disconcerting to say the very least. It is no just forex or the russian economy. Opex is increasing brutally while growth is slowing down. Not good.
margin will be DOWN 9% in 2015 with 60% coming from forex
would expect the shares to turn negative here - nothing on the call to support the share price. Analysts will downgrade
conference call pretty ugly - margins will be down not only because of FX but also because of much higer employee and marketing costs. I don't get why anyone would want to own the shares here.
shorted in pre-market - people are buying the eps upside which is completely meaningless
So - what exactly did you like about the earnings and guidance - it is not just the fx headwinds - the whole business is under severe pressure as most business metrics are showing signifcant deceleration
so - what's exactly positive ? The retirment of the CEO or the warning of lower gross margins ?
In fact they will have to share the revenues from those east cost installations as Centrosolar won't perform their work for free I guess. And while RGSE will get at least SOME cash out of these contracts when finished they will lose even more money on each contract by using a third party installer.
Actually they are hiring Centrosolar to do the work they can't perform because they have no money and no supplies. Effectively they are passing their east coast backlog to Centrosolar in order to bill customers sooner to take in cash.
Given that their contracts are already net margin negative on a standalone base the money they will have to pay to Centrosolar will further weaken the earnings "power" of the company.