There you go again Michael.....
This is the usat board, you are not permitted to look at the past. We only concentrate on the future here. Either learn the rules or move on.
It's going to be a fantastic week here at usat. I've read that people are making money on this stock, hand over fist. I've read how isis is now taking off and of course the ability to pay using your phone instead of your credit card was the only thing holding this back.
One thing that would really make this take off would be the ability of insiders to buy stock using only their phone at a vending machine. THAT'S IT! THAT'S WHAT THIS NEEDS!
VENDING MACHINES THAT SELL usat STOCK AND THE ABILITY TO PAY FOR IT USING YOUR PHONE!!!!!
Just a question here bodee...........
After all these years of not buying stock, do you think management will now start buying because they claim profits are eminent?
Once again, this company was created to make money for the insiders. They aren't going to turn a legitimate, sustained profit because the business model does not work. All of the numbers that they PR and PR and PR are skewed. Doesn't that bother supporters of this company.
Taxi Cabs, suds, energy mizers, buying groups and more buying groups. NONE of these things ever pan out they way usat PRs them...... NONE!!!
Well in Bazarro World they were!
This was going to be a great week for usat!
It opened Monday at $2.19 and the close Friday.................................................Wait For It........................
..................$2.10................... I can even hear the Price Is Right....du duu da duuuuuuuu.
I'd like to follow the pumpettes on this board. But the problem is two fold....
Foxy doesn't buy any stock since his wonderful decision to purchase the preferreds which has him so far underwater he just looks forward to the tax deduction.
Secondly, none of the pumpettes tell us when they buy and sell, they just tell us they make money. It would be nice for one of them to claim they bought when the price is still at the price they claim
Thankfully...... I was really hoping someone would come on the usat board and make claims that they trade usat profitably. It has been at least weeks since some "expert" in trading has taught us a lesson.
Maybe, just maybe, this one will tell us when he buys and when he sells. Not make after the fact BS claims. Somehow, though, I doubt it.
Any comments or even hints that Apple needs usat is proof enough that foxy will write any lies to try to get new lemmings to support his bad usat habit. Any hint that anything Apple does being a positive for usat is a flat out lie. Less than 200,000 vending machines and shrinking means nothing to Apple. They deal with the entire world at one time, not a few snickers bars.
Anyone with even an ounce of common sense knows Apple will not go to any little pion and ask for their help. They'll run them the f over. Does anyone think a usat patent on a bracket that connects the eport to a vending machine scares Apple????? that's funny.
I've got to hand it to you foxy.....you are a funny guy. "The most advanced system in vending!" That is fantastic.
It must really suck to have been lured into this mess by someone you thought was a friend, only to find out they were only trying to move the money in your bank account to their bank account. Do you still keep in touch with texy?
It will fill $2.09.....no doubt about that. But it will fill before it moves lower.
Think about one thing.....this run was created by one idiot who really was probably trying to pump a stock he or his friends own. This idiot was trying to tie usat to the legal marijuana business in colorado. Except you cannot have marijuana kiosks or vending machines because of age verification.
Then the run was boosted by a group which is the largest owner of this stock making a claim that there should be a sale of the company and that the stock is undervalued based on a report that says the stock is undervalued only because other stocks in the same market place are valued higher.
So there you have it. Another in a long line of runs by usat based on nothing more than BS PRs. Oh yeah! The usat way. Press release with no actual sales numbers gets everyone pumped, then the move up, followed by the slow bleed of the money that used to belong to the newest set of lemmings. Rinse and Repeat.
There is no way that the current members of this board of directors would sell this company. Why you ask? Because this company was built to make the insiders money, and much of it. The sales price will not give the the actual dollars that the compensation over the future years will give them. The insiders don't own enough stock to offset the 20+ year bleed they have been performing on the stockholders.
And anyone who buys this company will surely replace all of the management so that would be the end of the cash cow. Plus in order for someone to come in and buy the company they have to have something to sell. What exactly does usat have to sell? The connections can't be sold because there is no contract holding them to usat, a potential buyer could just as easily go after the customers without paying for them. There is no technology to buy, it is outdated and under-performs in comparison to the newest. Assets? Nope.
One other reason it will not be sold. Before a company comes in and makes a purchase bid, they would need to do a forensic audit on the cooked books of usat. usat management wants no part of that, and if they did allow it, the potential buyer would see through the smokescreen that the lemmings choose to ignore.
usat is a wonderful stock. Some blowhard on tv makes a huge miscalculation believing marijuana sales from kiosks will boost usat. Facts are, they aren't going to effect usat in the least. I've said it and you said it......age verification, there will be no marijuana kiosks and no marijuana vending machines.
The other BIASED claims of stock value are made by the biggest holder of stock:
"Despite its growth in connections, the Company remains substantially undervalued. According to a January 2, 2014 report from Barrington Research, a brokerage firm that covers the Company, USAT trades at a multiple of EBITDA that is one of the lowest among the 28 electronic transaction processing companies researched by Barrington. According to that report, the average transaction processing stock trades at 13.1x EBITDA. Analysts currently estimate USAT will generate $9.4 million of EBITDA in CY 2014; using that multiple, the Company's core business would be valued at over $3.00 per share. We can debate the reasons for this valuation gap, but the fact is USAT has traded and continues to trade at a material discount to its peers."
So the logic here is.....because other better run perhaps even profitable companies stocks are worth more than usat's, then usat's stock must be undervalued. That's the kind of thinking that will lose you a lot of money. I love this part "We can debate the reasons for this valuation gap". There is no debate usat's value isn't there because the company is a money loser.
Enjoy the run lemmings, because, as always, there will be a return to lower prices.
They will be great! Almost as great as the liquor kiosks.......
Oh wait.....that doesn't work because you have to be 21 and show id to buy liquor. Good thing you don't have to be 21 to buy pot.... What's that? You do have to be 21. So there has to be someone there physically in order to ask people for id. And just because someone will be there and be able to scan a credit card doesn't mean that the kiosk owners won't pay the extra money to have a usat "cashless solution" onsite.
More BS from more BSers, legalizing pot will have no effect on the failure of usat.