As I stated previously the very weak longs with their irrational selling at severely under valued prices often create a vicious circle where they draw in other weak longs sitting on the fence into the irrational selling.They almost always do far more damage to a stock's valuation than the shorts could ever hope to do.
All you can say to these weak pathetic losers is thanks for your cheap shares and good riddance.
Like returning to a reasonable valuation of ~$10 are entirely possible again.
No mention of the weak and tepid Q4 guidance that came up a bit short of estimates?Perhaps the weak and tepid guidance doesn't matter anyway.After all whats so important about the future?Its all about the past isn't it?
Of course not.The published numbers are now facts and they cannot be disputed.
weak,tepid forward guidance that doesn't even squeak by expectations.
Of course not. The published weak and tepid guidance they gave out cannot be disputed.
If not for the ongoing aggressive share buybacks they would be missing the bottom line number horribly.
Barely inline tepid guidance that just squeaks by what is expected should never be "good enough" and never rewarded with a higher stock price.
Not here,not now not with this overpriced stock.
There is always a fixed number of the weak long losers that are eager to exit a stock with their losses when its trading at a single digit multiple.When they drive down a stock's valuation for no valid reason other than other weak long losers are selling it almost always turns out to be a tremendous buying opportunity.
A pathetic weak long just begats another pathetic weak long into selling at a ridiculously low valuation.But in the end all they do is create a tremendous buying opportunity for those willing to step up and buy their under valued shares.
Then its back up to a reasonable valuation again ~ $10.
The damage these weak long losers can do to a stock's valuation especially when they timidly head for the exits in their vast numbers far out weighs anything that the shorts can do.
Pleasant occurrence since I own both.
Just before a massive new debt/equity offering as well.
They have the full capability to nip in the bud this ridiculous valuation and sell off created by these pathetically weak longs.
The dividend would give the stock almost a 5% yield and likely add at least $2 to the current ridiculous valuation.
All they need to do is act.
I'm a value investor and with a single digit multiple this stock is dirt cheap.I am looking at the yahoo finance page and it shows 92 cents non gaap is expected for the current year. Like all other stocks the non gaap number is what the estimates and multiple is based on.
It looks to me like they beat estimates for at least the last 4 qtrs in a row so yes with 45 cents already in the bank I do expect them to meet the current estimate of 92 cents for this year.