actually they will post another loss for Q3 as the pre-announced operating income is still not enough to cover the interest cost.
not only by potential acquirors but also by the company's own board and management. Shorting more here - would expect multiple downgrades tomorrow and the stock to test $30.
shorted big time at $34 - looking for the stock to test $30 after conference call
combined with fears of an upcoming reverse split the stock takes a huge beating day after day - this might be a good chance going into the Q3 earnings report.
most shareholders remained in the stock because of the dividend - with this incentive mostly gone investors are moving on. I can't blame them. The stock is dead money at the very best but I wouldn't be surprised at all if this will undergo chapter 11 proceedings with two or three years from here.
if they will announce bad news (which they will) they will face dozens of lawsuits for their failure to disclose this i a timely manner. Look at the put action today.
another great call
nobody knows but most investors are missing that for them nothing has changed - the company won't be handed over to any kind of bond investors or other lenders. They just prevent PIP from enforcing the latest judgement.
the shares actually should be down by close to the same percentage as the dividend was cut as the dividend yield was the single reason for investors to hold on here.
eps has come down for three quarters in a row now so I would expect it to move down further until reimbursement rates move back up (which they won't)
given the results and commentary the stock should end the day solidly in the red as the underlying eps trend is concerning to say the very least. The pre-market strength is most likely due to uneducated investors looking solely at the reported $1.58 full year eps number without knowing about the huge tax benefit.
yes - they are right - PIP is prevented from any kind of enforcement action under chapter 11 - same thing was done by the asbestos companies 20 years ago.
you better do that - a look at W.R. Grace might help here - it is quite a difference if a company uses CH11 to escape lawsuits or to restructure in face of huge debt loads and liquidity issues.
They wouldn't need to do an update call if anything would go according to their just recently announced guidance. So it is quite obvious that they will take down near term expectations by a huge amount just to sugarcoat the disaster with even more optimistic expectations going into 2015.
People are even more nervous about the state of the Apple relationship as the company might not get their last prepayment due to ongoing yield and product issues. With the relationship structured for GTAT to bear ALL risks and Apple to enjoy most of the potential benefits this could become a rocky ride for investors.
given the current state of the business I doubt that competitors will show much interest in ENTR.
As explained in detail in the press release they will use up their remaining liquidity to prepare for the upcoming game releases. If these games will perform like most other releases during the last few quarters the company will have to file for chapter 11 in January.
it doesn't change anything for shareholders - the filing was made to prevent PIP from enforcement actions not because of debt or liquidity issues. The shares should recover substantially.