closing at day lows - I am short into tomorrow's devastating SA Pro article
yeah I was badly wrong but still can't see why anyone else than Apple should be the benefitionary of this new sapphire relationship. Ask Cirrus Logic investors about their feelings of holding shares in a company almost solely dependent on Apple.
I still don't like the company and given the UBS research piece this morning there seem to be plenty of reasons to bet against the company short term. I am up nicely so far for today and looking to make some more money tomorrow but won't get too greedy as always.
much lower I guess - why did they raise capital at discounted prices with the second quarter results already known to management ? Good results would have helped to raise more money at better prices. Will stay short going into the next release.
nobody is shorting for the long term...but given today's trading pattern it looks quite clear that the shares will come back substantially
just start reading some reviews on glassdoor and you know everything you need to know about RGSE
huge volume already - this WILL get ugly for investors today - stock was rejected at the 52-week-high. Will stay short for some more days - looking for the shares to ultimately break the $20 level going into the earnings release
actually they didn't raise full year guidance so I would suspect the quarterly outperformance to be a more or less a timing issues with some orders coming in earlier than expected. The market clearly has the same idea as the stock is just barely up here. I went short in pre-market as I think investors got this announcement wrong.
"The negative profitability and lack of any meaningful vector to profitability makes it hard for us to value RGS Energy beyond its hard asset value. Even if were to throw in a $0.50 optionality for potential M&A, we have a hard time seeing how this stock can be valued north of $1."
actually it is pretty negative
shorted this morning - hoping for $15 as everyone seemingly was looking for the sapphire display (which doesn't make sense at all anyway)
how should they be able to support a global product launch using their just recently started sapphire production capacity ??? Clearly analysts are right here but that should be no surprise at all to any semi-educated investor
according to today's downgrades by Canaccord and UBS. Stock might tank 20% and more today given that everybody already took for granted that the new IPhone would indeed have a sapphire display. Even worse - how will Apple differentiate their new phone from the competition without premium design and innovation
while Q2 revenues will come in slightly above the high end of previously issued guidance of $15-17 mln the sales guidance for the full year falls far short of management's stated goals of "2014 pro forma revenue in the $110 million range with pro forma organic revenue growing by approximately 40%, compared to pro forma revenue of $80 million in 2013, and Adjusted EBITDA in the 12-15% range."
With first half revenues to be just $22.4 mln and second half revenues to be $55-60 mln the company will fall short of their own stated goals by almost $30 mln. Organic revenue growth is going to be zero instead of the projected 40%. There's also no reiteration of the previously issued EBITDA guidance.
auditors have no chance to discover fraud if management conceals it. All paperwork comes from the company. So what should they be able to find ? And don't forget they suspected that the company was indeed concealing fraud but just could not prove it.