absolutely as this will be back below $0.50 next year as they of course won't deliver to their promises - they NEVER do.
But wait for a huge secondary first to bring the stock price down to $0.80 tomorrow
lol - this is a huge Brasilian wireless operator having deep financial troubles - there's just no way for this stock to pick up momentum
great trading vehicle but very questionable management
and while the author is short the stock and therefore clearly biased he makes some very valid points about the Greenjet technology soon to be obsolete.
asking about the huge disconnect between Omnivision's guidance for North American revenues to be down signifcantly and multiple reports of increasing order numbers from Apple to its suppliers
they are talking of BOOKINGS - they already guided Q4 revenues to be a measly $7.5 mln four weeks ago. These bookings (which mostly even haven't happened yet) will only turn into revenue over time.
must be the 15th consecutive year that company's management is projecting profits and higher revenues.
and I doubt things will improve going forward as once again order intake has been absolutely dismal for the last month (only $3.8 mln in new orders since the last earnings call) - so they have just two to three weeks to get from $17.8 mln to at least $30 and up to $40 mln as projected by Andy.
would sell into any strength as the stock has climbed 40% within the last few days.
you should care cause the analyst comments will determine the price action - forward estimates will be decreased and so the forward pe goes UP big time and guess what ? The stock doesn't look cheap anymore.
That said it isn't cheap anyway given the fact that revenues might actually decline in 2014
actually revenues came in pretty much in line with (at that time below consensus) guidance so I don't get your complaint here
what do you think they should have guided for this time ?
actually the number of overall and free float shares the yahoo calculation bases on seems to be wrong so the numbers do not seem to be accurate (figures above 100% clearly don't make sense)
high institutional ownership applies to almost every company having reached a sizeable market cap as the stock gets included in indices and fonds mirroring the industry the company does business in. GTAT has been a domestic solar industry darling for a couple of years - remember that there are only SPWR, SUNE and FSLR left in the US - so the stock needed to be included in every solar fund ever started.
most short positions are also taken by institutional investors, in most cases hedge funds - but a high institutional long ownership doesn't automatically imply huge institutional short positions on the other hand
actually shares and convertibles are offered at a certain range so institutional investors already KNOW what the maximal pricing might be and act accordingly by shorting the shares in advance. So at the close of trading you have in most cases a pretty good indication about the pricing. So in case of GTAT I would expect the offering to price at $9.25 tomorrow morning.
eps is worth nothing if the company experiences negative growth and market share losses - businesses with declining revenue metrics are mostly valued with a pe significantly below 10
I am in this for 15 years and I have never seen a deal which saved the shareholders.
Sure there's AMR but actually their own business improved so much during CH11 that the common shares regained value - there was no bidding war.
And yes - there was the Nortel patent auction which indeed caused a bidding war and yielded huge results - but Nortel shareholders didn't get a single cent out of this anyway.
And if you take a second look at the article you might realize that $23.5 mln of the purchase price will be deducted as dip financing (that's the amount of money OCZ will burn through until the deal closes) so the REAL purchase price for OCZ' assets is a measly $11.5 mln - pretty much what I was expecting
on the one hand analysts are seemingly quite happy regarding the gross margin improvements (these are actually forecasted to move even higher despite sales are going to come down 20% qoq)
on the other hand the severe weakness in North America hitting the top line next quarter clearly points to HUGE market share losses in the domestic market - which might quickly be interpreted as a further deterioriation in the company's Apple relationship. While the weakness in the US is clearly disappointing and does not bode well going forward the emerging market business looks much stronger with the company gaining significant market share in bothe China and India. Given the fact that the North American market looks mostly saturated I would put more emphasize on the emerging market side of things here.
nice internal improvements but most likely huge domestic market share losses - investors should remain on the sidelines and wait how this plays out.
they don't do anything - they are just a platform for people writing about stocks. As long as some minimal standards are met your article will be published. Seekingalpha itself takes no stance on any stock. The authors do.