Check out the latest David Trainer CRM article on Seeking Alpha. For those of us that aren't accountants, it simply tells the truth as the Wall Street money grab continues.
Apparently, what these type of companies are doing is legal but the free cash flow that they claim is no such thing. the good thing for CRM is they have a few people from the current administration on the books apparently according to the comments I've read in a few articles. yup, that makes perfect sense.
No one knows when the time bomb will go off, could be within a few months or years from now but apparently the SEC doesn't care. They didn't care about Madoff either.
I don't know but this was one of the first MOMO sectors down and it sill hasn't recovered.
It's not like they're dirt cheap now I hate to tell you. Sentiment is still bad and as you state they are all at or near lows.
From a contrarian perspective that could be good but for your sake you want to see strong fundamentals going forward.
I still don't fully buy that everything is great in the market with the 2 day snap back. The US is doing OK, not great and the rest of the world, not so hot.
All that and the markets are at or near all time highs on low cap ex spending and heavy buy backs and other financial engineering measures.
Where's the real beef?
i also forgot to mention that market valuations are well above the norm on almost any measure.
So besides the negatives in this sector they will need to buck a long in the tooth market.
The only way I see them doing that is through execution on their forecast and strong guidance.
The estimated time shows as 3/17-3/23 on the corporate events link here. Eventually they will announce the exact date.
I would tend to think you will get some press releases from them before then since that is 3 months away.
The entire sector is still in the tank but one must think there's been lots of tax loss selling and someone else mentioned. That by itself MAY cause some buying coming into the new year IF people don't think this is a risk off market.
But other than all the ifs and buts it's as simple as delivering the goods on revenues this Q and guiding well for 2015.
That would turn this ship around in a hurry IMHO. I know, I know, I keep saying it but I believe it's true.
wilkes71 any idea how rebalancing affects this today?
With Gene Munster coming out in support yesterday, it tells me the game is far from over, unless big players were moving out.
There's certainly truth in that since we know this does not trade on fundies. You get the days where it runs counter the market both ways, i.e. market up this down and vice versa.
I'm sure it depends on what the options trading playbook is for the day.
Forget it and game over if this ever trades on fundamentals.
Some will say the latest round of $6B in debt is for "investing", others believe it's for survival. Ultimately I'm in the 2nd camp but something big might stick before this really sinks.
There went that. Now down to where?
I'm sure they must be having a great quarter aren't they, spinning off tons of free cash flow which really is no such thing.
Oh well, the day is young, let's see what kind of options games are in store for this ponzi.
You probably could have waited unless they turn over the whole market later today or before year end.
This sector is seems to be getting some money from the other MOMO scams today.
As long as you have room to operate you should be fine though.
They haven't flipped the switch yet, give them time.
Obfuscating the truth is becoming the American way unfortunately, joining the global obfuscation.
This stock is the poster child.
Looks like big volume buying from an oversold condition. At least that's what it looks like for today or do you think people were really that excited about the PR?
I hope bag is not the appropriate word.
It definitely isn't if they meet and provide in line guidance.
I do believe in that case this thing will shoot up but that's the big if.
Yes, I'm talking macro economy which is made up of companies and consumers.
Fear is always a factor even at companies as are any credit issues which may or may not be foreseen.
Cap-ex generally contracts in a poor global economy and that's what XONE sells so there would have to be a better economy than bad globally and their products would need to be a quick payoff to justify the Cap-Ex.
Now for all that was already shipped and about to this Q, one would hope that stuff is moving out the door as we are near quarter end.
Next would be 2015 outlook. If good with strong results than this will see new money.