moreover the sales upside was due to increased feature phone shipments which clearly won't repeat very often going forward given that this product category is disappearing pretty fast.
orders were down significantly, there's no other way to look at this - shorted the stock in after hours. Should be under heavy pressure today.
while this statement is of course utter nonsense clearly the company will have to overcome some issues - closing stores while still being in expansion mode certainly does not speak for great management.
on the other hand SSS and guidance came in better than probably feared causing the stock to pop initially
stock is coming in nicely - would advice to stay short going forward as today's earnings were nothing to get excited about. Rather the opposite as gross margins have suffered further due to a very unfavorable product mix. It will take much better numbers for the shares to regain some of its recent momentum. Stock should be under considerable pressure tomorrow as trapped traders will be heading for the exits.
actually it is more about the future and margins - everybody knows that the feature phones will be gone almost entirely within a pretty short time frame. Therefore the reported revenue increase doesn't look sustainable going forward. Gross margins decreased even further in Q4 which is very disappointing. Don't think the stock should be up at all here.
you guys must be joking
with reports out about Macao casino revenues up 40% yoy you didn't need "leaked numbers" to buy some shares in anticipation of today's release. Sold out the shares from last week and shorted big time. Stock up 25% from last week with RCT number still below market growth. Should end solidly in the red
stop pushing this #$%$ - the company has never lived up to its promises and shouldn't be considered as an investment in any way.
there have been so many executional missteps over the last few years it would take days to explain this to new investors
and even the much improved RCT number for February is BELOW the average 40% number indicated for Macao for the month
The $4.50 insider buy actually was a debt-for-equity-swap with insiders pulling a zero interest credit line to get new shares. In fact they sold most of the shares in this ill-fated offering for $3 to their pitiable shareholders.
And with regards to the HK listing: I guess there is nobody except for you who still believes this will ever take place.
To new investors: Buyers beware.
I guess you should better ask a user forum instead of getting advice from shareholders here - with most of them not even knowing anything about the company's products
just read the conference call transcript and you will most likely agree to my point of view. But of course given current market conditions it might still be possible that the stock moves up.
available for shorting as usual. With the start of the regular session the shares should experience much more selling pressure as institutional investors will throw in the towel on the company. Would expect this to be down 50% or more pretty easily.
there's no money left for the shareholders already - debt is at $615 million and counting
P/E should stay depressed or compress even more as the guidance doesn't look credible here given the abysmal Q4 quarter of the former Conduit business. Moreover management admitted on the call that the current business model isn't sustainable going forward and the company will have to invest heavily to develop new lines of business. Given the ongoing challenges I would expect the stock to move much lower from here over time. Will short the stock going into Q1 earnings next quarter.
during Q4 the company in fact BURNED around $200 million while expectations for Q4 were for a meaningful cash generation. I don't think there's a sustainable way for the company to go forward based on recent results.
to put it all in a nutshell they just said "our current business model isn't sustainable going forward so we will have to invest heavily to figure out a new one whatever that might be"
not exactly the type of stock I would like to own - would expect multiple downward revision to guidance during the year.
analysts not getting any useful answer so far except for managements' admittance that they discontinued their most promising new Perion product due to the merger
hope everyone took his gains selling into the idiot rallye in pre-market