which I am taking as a chance to short the stock third time. Upgrades when the stock is already stuck in a sell-off do only have very limited temporary effect. Full position, looking for the shares to break $25 again
covered $25.01 for the second load. Fantastic. No further action here. Expect the shares to remain under heavy pressure for a few more days.
For long term investors: Would still wait for a better entry point just above $20 here. The stock needs a breather to consolidate its latest gains. Valuation is also an issue with the company's pe above BABA and even VIPS.
would expect shares to take a huge hit this morning as catalysts are gone for now and the conference call clearly fails to inspire. Would revisit the shares in the low 20s perhaps.
are you joking - the only difference between GAAP and Non-GAAP in the case of JMEI is the share based compensation which is reconciled at the bottom of the press release.
So the GAAP number would be roughly one cent lower
I have no problems with the report. It is better than expected and the outlook is fine, too. But this was already WELL KNOWN to everyone given the giant run-up going into the report. There will be some heavy profut taking tomorrow morning. The stock remains a good choice longer term.
Gross margins remain challenged as the company is sacrificing profit for growth. Nothing wrong with that short term but given the 100% move in the shares as of late this clearly won't be enough to move the stock even higher. Shorted just below $30 in after hours. Looking for $25 tomorrow.
well - a major shareholder is selling at ANY price here. Despite the small offering size the shares couldn't get sold without a more than 20% discount. I would expect the company to file for chapter 11 sooner or later.
same old same old news recycling
this is old news and worth nothing - the revenues will be realized in Q2 and have always been included in all of Andy's projections in the past. It is just the typical PLUG story as they are recycling the same news over and over again. I am happily shorting here.
They already announced the customer and the contract in the last cc.
just 177 units plus GenFuel hydrogen fuel supply and storage infrastructure, and a GenCare maintenance contract
so they will realize $5 mln in revenues from this contract in Q2 and perhaps another million over time. Given the GenCare maintenance contract being included it is almost certain that the company again will lose substantial amounts of money on this deployment.
This is all reflected in current analyst estimates so no need for anyone to get excited on old news here
"Let’s talk about the first three I mentioned today, one was Wal-Mart, one was Kroger, one was Home Depot, I think that the Wal-Mart had 100 distribution centers, Kroger has 30 distribution centers, and the Big Box retailer has a 100 distribution centers."
"we recently completed deployment for new customer a Big Box retailer at their new distribution center in Ohio. This retailer has more than 100 distribution centers in North America and we are already in discussion for future deployments."
"For new customer who is a Big Box retailer, I would say that we probably could be in the range where we have 6% or 7% of their sites cut over."
Hey guys just quick follow-up for me. I though heard you mentioned Home Depot as a customer Andy just wanted to clarify did you say six to seven sites potentially cut over the next two to three years, just could you kind of talk about the cadence of potential deliveries there, that would be great. Thank you.
Andrew J. Marsh - President and Chief Executive Officer
Yes. There may been a little slip of the tongue, Matt. So what I said I probably maybe should been a little less straight forward with, but that is correct Matt. I would see six to seven over the next two to three years."
This is a small contract for a pretty small distribution centre and they are hopeful to get 5 or 6 more out of the hundred sites. The equipment has already been delivered and revenues will be recognized next quarter. So this is all past news.