Were there any analyst questions, or did all those lame bozos drop coverage?
Mary, in five weeks SPDC will announce q1 earnings. No charges, no writedowns, no surprises.
Sales of $30-40M, ebitda of $3-4M, and a small loss due to interest expense. The stock will go up that day, and from a higher base than today.
Give up. Clearly you have now lost any credibility you might have had. Your incessant bashing MUST mean that the trade is moving against you.
Your reaction to today's earnings would be correct if only the stock was still at $3. But it's not.
Fears of a quarter and news MUCH worse than this caused the stock to plummet 90%.
Guidance was re-affirmed and clients are signing and re-signing.
My prediction stands. Buyout at a 30% premium to the .56 cent shelf looms on the horizon.
No, Uptab, I can handle THAT prediction. It at least borders on reality. Good to see you have finally put the crack pipe away.
Hope, there are two very valid reasons.
First, that DR has ZERO credibility due to his many past failures and consistent lack of execution.
Second, anyone with any math skills can figure out that even $80M in RB revenues with 20% margins will require $64M to manufacture the product. At present, Madcatz has nowhere near that kind of cash on hand OR credit line to pull that off. So until they directly address that issue, the stock goes nowhere. That is the ONLY question that needs asked at the upcoming conference call, yet I have no faith that any of the lame analysts will ask it.
Mary, or Squeezie, or whoever you are, these guys are all clueless. Anybody buying individual stocks ought to know about quiet periods, insider windows, etc.
What blows me away is that 4 insiders bought the day the last lockup period ended after earnings. If memory serves, those shares were at about a buck ninety. Which means they would be dying to buy now. But can't.
Easy fix. Announce earnings early, even if unaudited. They have always used that extra 30 days at year end, but many companies do not. And with these paltry sales, there is no need. It's not as if this is a multi-national company with complicated earnings and multiple currency translation issues.
It is also possible that due to the phantom "negotiations" or "offers" they are investigating, they are still not able to buy shares. But any company wanting to assure the market and its customers that it was going to survive would throw out SOME news. An early earnings announcement would be a good way to start. But since they have not done anything in 3 years to show they care about shareholders, why start now?
might be an attempt to divert attention from the fact that natural gas prices have risen 20% over the last few weeks. Followed by summer with record industrial nat gas usage expected, followed by fall and winter...
Mary, I can predict with great certainty that any SPDC shares purchased above $2 are underwater forever. $1-2 not looking good. But any shares bought from about .60 on down have a decent chance of being sold at a profit, even WITHOUT a buyout. If, VERY BIG IF, they can meet their revenue guidance and grow the business as they have projected, they have a shot.
Mary, far be it from me to disagree as I have spoken out here for years about their use of "adjusted ebitda" to deflect their lack of any profits, BUT...
In the very unlikely event that they DID hit their revenue guidance for the next fiscal year which just begun, they COULD earn a profit. Basically adjusted ebitda just adds stock-based compensation and transaction and transition costs to the interest, taxes, depreciation and amortization. Of those six categories, only one is REAL significant, interest at about $11M a year. I suppose there could also be upcoming impairment charges that they would add, but an actual profit is not impossible if they bring the revenues.
All a moot point if a buyout occurs as expected. Today's shelf filing by PFSW is very relevant, I would presume. My earlier prediction was that a buyout would occur at a 30% premium to the .56 recent offering. I will stay with that.
Tabby, your thumbs-down grow by the month. Guess the masses have finally figured out what a cheerleading pumper you are. Anyone taking your advice on these boards the past few years has lost their a**. Yet you are never wrong. Just "early". A year, three, five...
A year ago you were pumping Speed Commerce with a $20 target; that they were out-operating Amazon. Today? .29 cents. Now you claim you sold, but apparently you just slithered away quietly, never telling all those that you pumped to for years that you had dumped. Nice.
Chicken, you are 100% correct. The stock languishes because everyone EXPECTS Madcatz to fail to execute. They announced RB two months before GH, yet GH is already taking pre-orders at Best Buy while RB is warning of parts shortages already. Madcatz better figure this out quick or they will lose the gig. The agreement with Harmonix lays out very specific minimum tagets for each product which have to be ready for sale by specific dates. If they fail to deliver, HM can pull the deal and find another partner on both publishing AND hardware. First priority is to get Wells fargo to increase their credit line. Without that they are doomed. But with pre-orders in hand, WF might be a listener, but on very favorable terms for THEM.
Guitar Hero already takes a lead with artwork and pre-orders being accepted in best buy circular today.
Adler???? Heck, EVERYONE who held the stock on February 5 had shares worth over $2.40. How do you make all of them happy? No way anybody pays even CLOSE to that amount in a buyout.
INVE. Last week. Only missed that one by 30%. HTCH has been a dog with fleas for years, and OIS is still a just a vision from a company that has a worse track record of execution than Madcatz. You are the king of the dogs.
Cat, Willis has very deep ties to Becker/Drapkin, the m/a guys. He has sat on a few of the same boards, including some like Tuesday Morning where there was B/D money invested. He was very clearly brought in by them to run Navarre when B/D took a big investment and orchestrated the plan to merge with Speed. The shots have been called from Dallas now for many years.
Sure looks evident that some deal is imminent here; will be interesting to see who it is and what they pay. My guess is still about 30% above the .56 shelf price.
$3 by Christmas, Tabby? Jist like HTCH would be $12 by now instead of below $3? Just like last week's prediction that INVN would be $15 by last Friday while today it trades in the 10's? Like those? You have made more incorrect price predictions than ANY poster in the history of these boards. Please just stop.