Take rate is down substantially and GMV growth guidance drops below 50% yoy. Company is talking about substantial investments into digital publishing. Might even raise capital.
You shouldn't care about that. Most of the dayrates increase is going directly to Ship Finance which means there will be another quarter far below expectations. There are half a dozen tanker stocks outside with great dividends so I don't get why anyone is still long Frontline here as there's simply no catalyst on the horizon.
Earnings estimates have been revised downward substantially for FRO based on cooling day rates and the inevitable cash sweep due to Ship Finance.
I don't think it matters in any way. Much more important are the obligations to Ship Finance which might eat up most of the current cash flows.
I don't get it - management just missed its own projections by a mile and you are still going to believe in FY15 guidance ? Man, perhaps you would like to buy the Brooklyn Bridge from me, it's really cheap...
Just give those fraudsters six more months to also lower FY15 expectations and guide for another 40% growth in 2016.
VERY NICE gain already here from pre-market short. Still expect shares to give back everything
Cash is down again and growth is mainly due to acquisitions while the much touted Cyberseal business was even impaired. Very weak earnings quality, would expect the shares to give back most of today's gains
These orders aren't delayed - they simply did not get them. Guidance for the full year has been slashed by $80 mln so clearly their business as a whole is struggling here and that's also the reason for the announced cost cutting initiatives (means: downsizing and layoffs). I would expect the shares to move much lower from here over time. They shut put up the company for sale but actually I am not sure if there will be a buyer for a company that is losing market share rapidly.
Most of last year's revenue increases were due to the company's move into the precious metal trading business where they were essentially bribing agents to move over their clients to JRJC. But after they are finally cut ting back on those incentives these agents are moving on and obviously taking their clients with them just like I hinted to many months ago.
Clearly this is NOT a viable business model and the company already changed its strategic direction once again but despite all the news releases there's still zero monetization of the new platform seemingly and management gave zero insight into timetables and current business drivers on yesterday's call.
Even worse the delinquent real estate loan is still outstanding despite management's promises to get the money back by year end.
The only positive is the $7 mln increase in cash on the balance sheet qoq
The company in fact recorded an operating loss of $1.8 mln - the eps number is due to some "Cost method investment income" of $4.4 mln. I am eager to learn what this might be.
Actually I was initially looking for a long position after reading the report but the conference call made me hesitate as there is obviously at least another poor quarter ahead. With the stock losing momentum almost immediately after the start of Friday's session it was clear that many traders would become trapped in the shares. With the next catalyst for the shares most likely at least six months away I would fully expect the shares to move back to $1.50 within the next few weeks as traders take their losses.
nonsense - a tiny $20 mln credit line doesn't make for any substantial project - and it really does not matter if they win projects or not given their gross margins.
sure - that would be twice the market cap of market leader First Solar...today's move is good for $300 million additional market cap. Even a blowout earnings report (which clearly won't happen) wouldn't deserve such a spike. This is just some low float squeeze attempt to go after some shortsellers. The shares might be very well back down below $1.40 this evening.