yeah - cash down to $16 mln - three more quarters and the company will be out of money. And look at this from the prepared remarks "we are currently in the process of starting up the
relocated equipment at the expanded area of our Chu-Nan Facility. The relocation has caused a
temporary production interruption and could impact our fourth quarter manufacturing capability
so next quarter will be weak with cash burn most likely even higher
bankruptcy in 2015 is clearly in the cards here
as expected - momo players get killed as institutional shareholders continue to unload today. Should end unchanged and be under pressure going forward as momo traders are getting trapped in the stock
still short from $2.50 entry after earnings - might flip into a long position once the offering will be completed but only for trading purposes. The conference call made it quite clear that current business trends might not be sustainable.
it is all about taking profits at the right time - highly volatile and overvalued momentum tech stocks aren't the place for a buy and hold strategy. You learned nothing from HIMX obviously.
$80 mln from the Apple money was treated as deferred revenue according to the latest 10Q - there were no products shipped against this
nobody cares about mid or long term as nobody wants to sit on dead money until then. If the analysts are right (which they clearly are, I have never seen several analysts commenting on a single topic and being wrong) the stock is going back to single digits (well deserved).
he is still up 700% for almost no reason. so why bother
another huge estimate cut - clearly GTAT has some major issues with its sapphire production which seemingly can't be fixed near term. Stock price remains excessively high.
this is the third analyst claiming the same issue - and this guy is pretty sure about what he is claiming as evidenced by the giant estimate cut. Sell.
I still don't think the stock will be able to hold on to any gains on Monday as the major selling shareholders will use the volume increase to unload big time
even worse the hedge fund might go short the stock once CREG is asking to draw on the equity line so they get more shares at the discounted price.
why is the stock up ? this will mean further to dilution for shareholders
that said the after hours pop looks pretty exaggerated given that the business isn't growing, profitability is still pretty low and revenues came in slightly below estimates.
bottom line came in much better than expected due to better gross margin performance. Joe's business still underperforming as wholesale is down yoy. Given the environment the results are respectable.