Of course, Baird could have just assigned another analyst (Komp) until coverage is ended but I'm betting that both companies will be following for now; I'm basing that on RCKY showing up on Baird's list today with Komp as analyst.
B Riley with Kummetz as analyst and Robert Baird with Jonathan Komp as analyst. Yahoo now reflects the 2 analysts and the differing estimates. Perhaps Kummetz influenced B Riley to pick up coverage, but there are 2 analysts now....not one.
I was just in the process of posting about analysts raising targets. The consensus has moved from the 9s to 10.75 (incrementally). IMO, they will keep raising them as targets will be chasing the stock price before too long. We've got some good wind at our back in the form active hedge funds, management buyback authorization, and PTT following.
The crazy analyst that downgraded the day before the last "glowing" earnings report seems to have vacated the premises. The remaining analysts have been moving targets higher. The consensus (mean) yesterday was 10.25; today it's 10.75. It had been in the 9s. As the Goodtimes song went, "we're movin' on up!"
While indeed your posts are often helpful and attempt to contribute something, your kind of attitude does not wear well on anyone, including you. Take a little friendly advice for a change. You always talk about talking straight like you are the only one who does that. Well, I'm talking straight here and trying to say something helpful to you.
If you keep this air of superiority going, you are sure choosing to tote a heavy burden in life. It's more than an adage too that "pride goes before a fall." Arrogance is not the attitude of one who truly acts wisely. The opposite attitude....starts with a "H"....goes a long way in life. And choosing it doesn't mean you have to speak without integrity. Integrity doesn't mean one is certain about everything in life.....the person just does the best he can with what he understands and realizes he doesn't have a corner on knowledge....if he has an attitude like he has a corner on it, he probably (actually knows) very, very littel.
What has this post got to do with anything.....traced it back to some penny stock called BLUU?? It was written there with regard to BLUU? Is this Yahoo problems, an oversight, or an issue of not being able to keep conversations about stocks on the right message boards? Crazy stuff on these boards, for sure.....
You are a great guy, Steve. You wish well not only for yourself but others. And you know I surely wish well for you. Thanks, friend!
I've played RCKY better than many over the years....been more strategic, if you will. While retaining my core from the 13s and 14s attained last year, I've avoided getting greedy and had several successful trades of trading shares (attained and sold on RCKY's big occasional price swings since the uptrend started a couple of quarters ago).
The analyst action today is completely rational; we retail investors in the small cap world often get to play analyst since they are often missing on stocks we like.
It's funny, with regard to whoever this idiot is who goes around playing with his thumbs (don't get me wrong, there are some legitimate thumbs down on posts I do; but it's also clear that some posters, self included, are the object of some thumbs abuse), I've noted something that proves it's one person, most likely, who engages in this child's play. Yesterday, for example, I posted something on MCZ. Until late morning today, the post had 8 thumbs up and zero down. I got those notification things you get; and all in one minute's time, it changed to 8 up and 4 down. The probability of that large of a change in a contra direction and in one minute's time is zilch and it happens all the time. It also proves the person lacks any imagination with regard to how to achieve a desired end more discreetly.
But I find it pleasantly ironic that this activity correlates with jumps in my portfolio. I'm not superstitious in any sense of the word; but I find it humorous that my results are improving with the dislocated thumb. That's why I said I love the thumbs down....not just any thumbs...but the thumbs of this particular character. He's helping my game:-)
I love these thumbs down; it seems that while they are intended for one thing, they sure have been working out to "point" to another.
So, I'll say it...."something must be right for RCKY."
I forgot where the conversion price in the 9s stands....I can look back but thought you might recollect it of the top of your head. Actually, I must confess to not being on top of the recent changes relative to how they impact the convertible situation. We had Oasis covering a short position in JAKK's stock, going long and also engaged in acquiring convertibles (if I'm remembering correctly) and then we've got the company authorizing a multifaceted buyback. So, how this impacts a crossover point stock-price-wise relative to a key conversion price point, I'm not sure. Can you add some color? TIA.
If anyone had asked the staunchest long to the most avid basher a year ago (when NOTHING was happening) what it would take to drive MCZ's share price way back up again........if the question went further to say specifically what kind of event would it take......I'll bet the most articulated response would be that MCZ needs another Rock Band!
IMO, there's simply no way to spin the RB4 news as bad. Yes, MCZ must execute but that's always true for success to occur. The fact remains, MCZ has gotten a lifeline and the chance of a lifetime to atone somewhat for many prior failures, making it just what the doctor ordered for existing and potential shareholders.
It's time to spit out the bitter taste of what's behind and apply the water under the bridge attitude because MCZ at least has the possibility of rising again in a significant manner.
As to the credit line increase, it's a good question to pose in the right form (to get some kind of answer) for the CC. But, personally, I suspect, if an increase occurs, to see that toward the end of August or early September. I'm basing my guess on when it occurred relative to RB 3's release date back in 2010.
If the strength of demand is there (will be evident in a couple of months), the more rational question to be asked on this board, IMO, is "why wouldn't WF give MCZ an increase? They did before and the RB4 opportunity could easily eclipse RB3 based on what we've been told to date.
I hope this CC will be informative about RB4 developments and expectations for revenue potential in the 2nd and 3rd fiscal quarters to come, especially.
Yea, VTSI, ABHI and BFDI are not doing much right now. VTSI and BFDI are growing real well, it seems. BFDI put up some stout revenue numbers lately from the upfitting business, but it's low margin. But it has also helped strengthened the balance sheet which was weakened from a home run win in Baltimore that went sour....using up its financial resources. All they need is for this Mexico connection to come through now. Of course, VTSI is getting lots of attention on its simulators but not on its stock. ABHI is the one of concern; it's got a great opportunity with Veloxum and appears to be on the cusp but has used up its financial ammo in the process. It will take venture capitalist type money to see it through to fruition, IMO.
I didn't read if you still have your IFON. I think IFON is in a sweet spot. On RCKY, we need another good report that shows revenues spilling to the bottom line as with last quarter....and a little better top line performance this time.
Hope all your family is well, friend!
No, it wasn't you I was thinking about. Next we talk, I'll tell you what was on my mind that triggered the post.
I can't remember if you are still in JAKK? I think it's going to be a great one now that the worm has turned. I do know know we hold several in common and think they will get their day in the sun. IFON has already been a humdinger but the business seems to be on the cusp of scaling, as the CEO just stated in a recent interview that was available at nasdaq's page for IFON. If Rockband 4 is a hit, so will it go with MCZ. It's one that could absolutely defy any potential market correction, IMO. All these have value but the value is more dependent on significant growth expectations playing out. RCKY, by comparison, has much more equity support relative to its price with nothing but slow growth factored into the price here.
Stocks like AMZN that are racing to the moon everyday like dot coms did in 2000, but which have no equity or earnings.....just the hope of hyper earnings growth at "some" point.....won't be the place to be, IMO, when some sanity returns. It will not surprise me to see a fall in some like we witnessed in 2000. When the high flyers lose that mystique, stocks with real substance won't look so bad alongside the big momo players. Also, from all I've read Fish, there are a lot of big companies too that are not participating in the big market moves up. It is actually being driven by a subgroup of stocks. You can do a search about this market segmentation.
Whether it is judged a great CC or not, Norwalk, is obviously yet to be determined. That said, it won't be a great call because of a discussion toward operating numbers for the 4th quarter. That we all know. It WILL be a great call looking forward, if not from our opinion, surely from Darren's....but I'm betting we'll think so too. I'll bet he is sittin' on go, ready to do this call. Why wouldn't he be? His microscopic company frontrunning what could be one of the hottest games this year.....and he's selling some lofty peripherals with the game.
I have a question for the board. I want to be sure I'm assuming something correctly. I'm assuming the game alone would be a purchase considered only by a consumer with older peripherals (from RB3) that turn out to be playable with RB4. I'm also assuming that MCZ will NOT be selling RB4 peripherals separately....that is, that the peripherals are only sold bundled with the game.
If this is correct, isn't it logical then that anyone buying the RB4 game, with exception of someone with RB3 peripherals that prove adaptable to the RB4 game, will also be buying MCZ peripherals....either a guitar or the guitar, microphone and drums together. Again, am I correct that RB4 peripherals are only to be sold (bundled) with the RB4 game?
So, with exception of RB3 peripherals still applicable, for every RB4 game sold, MCZ experiences peripheral sales?? RIght? I mean, what good is the game without peripherals and MCZ would not be making any RB4 peripherals available without an included game sold too.
It amazes me how many will conclude after a price drop of a low-float thinly traded stock that "something has to be wrong...someone must know something." Yet, when a company is on its ascent, one rarely says "something must be right." For "longs", a price rise generates confidence and a price fall generates uncertainty and fear. These are natural emotions. But emotions don't have much to do with value....just where a thinly traded stock gets priced at any given moment.
I've held JAKK for quite some time and think most got shook out of it in the 6s where it had an extended stay even though it was clearly undervalued by the numbers. Value there got disregarded for so long that some active funds moved in on it to change things and now it's changing fast in the direction of value recognition given the stock price.
I'm not trying to liken RCKY to JAKK as companies because they are very different companies with different financial situations even. However, RCKY has deep value too like JAKK that is a breeze to prove by the numbers. The current stock price is not factoring in that value. Many won't stay the course here, but I will and bet I'll see the day before this year is out when the situation will exist where people could be saying "something must be right" with RCKY....but, of course they won't be saying it. Fear is a very different emotion. A rising price is typically just taken for granted.
As to RCKY, I think technical traders were successful seeing RCKY sink below its 50 day. The 200 day is not all that far below us now. I figure the price will remain between the 50 and 200 until earnings. A good report and outlook is all that's needed to establish an uptrend. The current price does not impact my view whatsoever with regard to the value here and it keeps getting more valuable with every penny drop.
While I wish you well, why would you do this?? You would swap out JAKK for a 25% return in 3 months; JAKK will do 50 to 100% from here in that time, IMO.
My opinion on MCZ had moved to the dumpster just prior to RB4. I saw no light at the end of the tunnel.
It's all changed for me. I think RB4 will be huge for little ole' MCZ. As you know, what DR does is totally unpredictable. But we are starting from such a beleaguered price level with RB4 that even DR won't stop this price train, IMO.
I believe MCZ will recognize the sales. This is a good question to be couched in the right way for the upcoming CC.
I'm not sure how revenue recognition works from Amazon. However, with brick and mortar, those early sales are meaningful in that it means that MCZ should likely be booking sales in the September ending quarter. Revenue under GAAP is recognized when earned and realizable.....meaning when invoiced to the buyer (typically FOB shipping point). MCZ will surely be shipping to brick and mortar at some rate during September given the Oct. 6 launch date.
Also, I'm betting MCZ has a brick and mortar presence of significance in Europe.
During RB3 days, it's worth taking a look back. With a similar launch date (believe RB3 may actually have been a tad later), MCZ booked total record (for a second quarter) sales of over 37M in the Sept. ending quarter and made .02 of eps (fiscal second quarter for fiscal year 2011).
If launch is not delayed this year and no other negative surprises arise, we should see operating numbers impacted by the November earnings report for the second fiscal quarter, IMO.