covered 50% for a 10% gain - stock should end up solidly red
they had $75 mln in cash as of last quarter and no debt - with no acquisition looming why the hell did they do this ? I don't get it especially when looking at the disappointing terms of the offering
interest rate is quite high for a convertible offering and the potential dilution substantial - had never thought they would need to raise money - stock gets a well deserved punishment
"Sales orders for the year 2014 already exceed $60 million" (this is the multi-year Walmart deal)
" I firmly believe that this continuing momentum will carry on throughout 2014, and that orders for this year will total more than $150 million"
so Andy BELIEVES they will take in orders of more than $150 but given has prediction track record the actual number might be much lower. And this has nothing to do with 2014 revenues at all
as an investor you should know the difference between orders and revenues
and the difference between "projected orders" and "booked orders"
so when Andy is telling you there will be $150 million in orders this year I would cut that in half to arrive at a reasonable number - at least this was true for the last few years
Conditions are abysmal - 10.25% interest and an additional product royalty payment make another equity offering look like a great idea.
1. Andy is lying as usual
2. Orders do not translate to revenues immediately but rather over a multi-year timeframe
3. Andy already projected FY14 revenues of $70 mln (which I don't believe)
should turn negative
so today's pr actually is a guide down
non-gaap is absolutely ok as GAAP doesn't reflect the underlying business performance at all - but in this case investors are looking at the wrong metrics
actually the higher guidance is just a function of the lower sharecount given the increased buyback activity - the Q4 same store sales increase was in fact the weakest for more than 2 years, cash generation was lower than last year and overall revenue and earnings were a huge miss compared to consensus estimates.
the earnings release wasn't good - it was in fact a far cry from the beat-and-raise quarters the company used to report in 2013. Moreover the projections for 2014 were below most estimates and the growth rate is dramatically slowing. Not quite the ingredients to give the stock a lift. Lots of sceptical questions on the call. Wondering the shares aren't down double digits
earnings were a far cry from previous reports and the outlook actually came in below most expectations - wondering the stock is holding up that well - shorted big time this morning - looking for double digit losses
the shares are down 30% in Germany on very heavy volume und that's exactly where pre-market trading will begin once opened
that's wrong - recent offerings are not included - market cap is most likely closer to $30 mln or even higher
sure - they will dictate they way it goes - at least at the beginning - several million shares already traded after very negative commentary in the german wall street journal
would still think this is a great chance to play a rebound