new lows - easy money once again - Andy should better work on getting some new customers on board instead of recycling old news for the seventh time
shorted even more at $4.70 - stock looking incredibly weak here - lowering covering price to $4.40 - should give back the entire gains until Friday
despite the market acting strong. Looking for $4.51 cover later this session.
yes - Andy already touted that deal several times before finally releasing the name of this long standing customer. A new customer would have been somewhat more exiting I guess
actually they hinted at the deal already at least three times before before finally announcing it two weeks ago. In fact it took them much longer to close it than previously anticipated. Shame on management for their continued grandstand.
finally releasing the name of the customer which everybody already knew - WMT has been an existing customer for many years now so this is hardly any kind of surprise
short into any strength
sure - would expect the shares to give back today's gains almost entirely over the next few days as there is simply no incentive for investors to be long the stock with the company going into two more bad quarters. Would revisit the shares following Q2 results.
very mixed conference call with negatives far outweighing the positives IMHO
while management clearly deserves some kudos for paying back debt, announcing a share buyback and getting started to bring down inventories these improvements come at a high price as margins and EBITDA will suffer brutally compared to an already weak 2013. Moreover IFrogz looks nearly worthless at this point
management does not rule out taking a material charge for slow moving inventory, sees gross margins staying weak for the foreseeable future due to product mix changes and ongoing inventory issues.
even worse the company is giving up on the mobile gaming market for now (probably the biggest disappointment)
some progress but revenues will continue to decrease for at least two more quarters. Guidance for the second half of 2014 should be taken with a grain of salt as it is almost entirely tied to the success of products yet to be launched
no need to jump in at elevated after hour prices - would stay at the sidelines until clear signs of renewed revenue growth emerge and the ongoing inventory issue will be resolved.
would short the stock here on disappointing first half revenue as well as full year EBITDA and margin guidance and last but not least the failure to enter the mobile gaming market successfully
damn - I'm really good I have to admit
actually you have to look at the estimated nominal contracted payments and retained value to value the company correctly. Today's revenues are completely irrelevant.
tripled position on the dip to below $77 now -
looking for $85 on idiot short squeeze
hopefully someone followed suit and picked up those $74 shares
and the conference call was nothing to write home about either
would expect the shares to break out to new all time highs following the conference call