Oh..and Meet's market cap is .1% of Facebook's, so with chart guy's logic, this stock should be trading at 12 cents....well, either that or Facebook should be trading at $5,000.
you could establish a small position and average down if the stock retraces...I wouldn't go all-in at this point. I sold some calls today to try and further monetize my position...but I don't think this stock will just keep going up.
What are you talking about? You use outstanding shares as a basis to compare MEET vs FB? And since FB has 5x the outstanding shares you believe meetme should be trading 5x higher? That logic is misguided for sure. And why are you even bringing facebook into the conversation? What does facebook want/need with meetme? Added traffic? Doubt it....most people on meetme probably already have a facebook account.
I get the ra-ra for a stock breaking thru fresh highs not seen in 5 years...but c'mon....you're dreaming.
Yes, that's why the premiums are rich overall, but the fact that options on both sides of the the line lost significantly today (when the stock was only moved 1%) indicates it was related to some macro event.
Mustafa and gasbag -
If I am guessing, I would say the option activity is more tied to Brexit...as the option premiums had swelled over the last couple weeks, but let some air out today. Today we saw news that indicated the vote might be swinging to 'stay'...and both puts and calls well out-of-the money traded more like they were in-the-money...dropping significantly. So just putting two and two together, it seems awfully correlated to that.
Looks like the options market is giving up on any news for June. Premiums have come down significantly for June but are still pretty rich for July.
I don't think that's it.
1. The CFO basically stopped this train in its tracks during Q4 conference call....announcing that revenue would be somewhat muted over the next year
2. Stocks don't usually have a single day 'pop', because all the market forces align (at the same time) and realize the company has potential
Could be a fund/institutional investor acquiring a position
Could be good news that has not been made public yet
Agree the report is good. Good to see that Sampson stroked the locks of his hair and turned out a strong performance. Good balance of focus on driving revenue and cutting costs. Like the "transparency to shareholders" line about finding value for the company....still say "buy out"
Just need to right the balance sheet. Still stuck with large stockholder's deficit...lower cash position...paying high interest rates for money. I think with all of the mentioned drivers, this will ease over time.
Would have liked to have seen numbers for today's press release, but they might be asked that on tomorrow's call.
Overall, nicely done.
Blowout? Hardly. Remember this is Wall Street. Stock action is driven by expectations and comparisons. They missed on revenue and eps. Stock will fall on these results.
Ok...so he's a financial advisor (FA) rather than an analyst? Many brokerages have rules against FAs using the firm name on an earnings call. But still good to see people interested and asking questions.
Gora - Thanks for the correct spelling of the name of the Blackrock analyst.
Just a note to let everyone know that I am back in on this stock. Been nibbling the last couple of days...though not looking to amass the position I used to have
I don't have high expectations. I don't need to. This is for a future buy-out. If the stock gets relisted, I may trade options
I am comfortable from what I've heard from Sampson. I like that they're reducing cost. I love that they canned Mattison. I think we'll see some creep on the stock price when they announce the imminent contract...when they file their 10Q...and relisting.
So, no more 'countdowns to 100' or visions of making a killing on this thing....but I think this is a good entry price for a play.
Is that a negative 1?
That was my guess.
Actually, put me down for a ONE as well.
I thought Heath Sampson did a decent job with the call today. Other than the occasion issue pronouncing a word or two ("particuarily")...he did alright. I left the call even more confident that this company will be sold in the next 12 months or so.
I looked at the list of "analysts" represented.
The gentlemen from Lake Street Capital and Needham checked out. I couldn't find a Kevin McKenna at Stifel, other than a financial advisor from Wisconsin. And to my knowledge there's no Chantelle Agral at Blackrock. Not sure why it's been such a project trying to find any information about Blackrock's involvement with ADES. I remember not being able to find much of anything about the fund that is supposedly holding their large stake. Can anyone share where I might be missing?
I'd agree that in an otherwise healthy company, a reduction in workforce would be good. But you have to wonder what's going to be left after all of these 'cost cutting measures' and shuttered businesses.
But still makes sense if the end result is to sell the company (which I think is a real possibility if they don't go bankrupt)
I would be interested to see how much stock gets sold as a result of these layoffs. Their 401k plan is WAY over-concentrated with stock that might now get liquidated.
Well, it seems that Mr. Wells has substantial experience working with distressed companies, but more companies IN bankruptcy. He has expertise in financial negotiations between the bankrupt companies and their creditors. Would hope that's not why they brought him in.
Let's look at the companies mentioned under his profile:
Lehman Bros - bankrupt
Enron - bankrupt
Capmark - bankrupt
Advanced Emissions Solutions - bankru...er...uh, jumped the gun there.
On another note, interesting choice of words from Marcum in the PR... He says, "I believe that Spencer and Heath will work very well together as they complete the remaining steps in the Company's 'TRANSFORMATION'." - While one could describe the largely new C-suite as a 'transformation' of personnel, I think he meant it to describe something larger going on.