I made the same mistake by holding a stock that was bought by Michael Steinhart. The company kept going down, down, down, until bankruptcy. They never go out and say "we're going to go bankrupt." It just happens. But there are warning signs. Guys like Yarfinger and Steinhart have so much much money that a few million dollars is like a cab fare to them. The trend is down, unfortunately. I would have put some stock in the gambling effort, but they are already projecting a loss for the entire year.
Here are a few reasons why a Zacks employee might want to look for sources of supplemental income. These quotes come from Zacks employees themselves on Glassdoor. Bottom line: Zacks blows.
Terrible benefits: no 401k match, expensive insurance, little time off or flexibility; constant technology issues; abrasive and demeaning culture.
Terrible company culture, pay subpar. Bad management and even worse owners.
Woefully underpaid and terrible benefits. no 401k matching of any kind, if you have a family, the medical plan is out of control expensive. People are easily and frequently fired and leave for a better paying job. Top management really doesn't care about it's people.
Many under qualified people leading teams, especially the IT department, where they have no game plan and work is more about fixing fires than growing the company.
Cons- There seems to be a lot of dead weight employees (as there is in every company) that can bring down morale in the office.
Salary increment is a major problem. The hike if ever comes, comes very late. Promotions also do not happen fast.
Low pay. No room for advancement. Dysfunctional work environment.
Sentiment: Strong Buy
I think Zacks short friends are nervous about the booming outlook for optical and are trying to keep it down for that reason. Zacks has lied about "adding" AFOP to its "strong sell" list twice now. You can't add a name to a list that it's already on. There is something extremely fishy about Zacks. There is so little regulation that I'm not surprised somebody there is on the take.
Optical Equipment Set to Pop
MKM Partners: The key takeaway from the Optical Fiber Conference is demand for optical equipment in markets such as global datacom and U.S. and Chinese telecom is solid and based on real and sustainable multiyear-growth drivers. JDS Uniphase (ticker: JDSU) ...
Is this transparent or what? They keep harping on AFOP over and over again. Time for an investigative reporter to look into Zacks.
I'm pretty sure they are crooked. This is the third time in a few weeks that AFOP has been "added" to the Strong Sell list. Someone at Zacks is in cahoots with a short hedge fund or funds is my suspicion. Check out reviews of the company by anonymous employees on Glassdoor. Many complain of low pay. This is an easy way to supplement their income.
I've done it, too (on this POS stock, as a matter of fact, and several others). Believe me. Thanks for acknowledging it. I won't hassle you again.
When is Yar Goldfinger going to bail?
Nice call! You are a genius! Congratulations! You and The German are the Albert Einstein and Stephen Hawking of the investment world!
"As a final point, you will note from our previous filings that we have been informed by NASDAQ that our shares’ common stock are subject to delisting has not met the minimum bid price requirement of $1 for a specified period. We have scheduled the hearing to present a plan of compliance in NASDAQ, which includes a reverse stock split, which was proposed to our shareholders in our proxy statement filed on February 28. I will refer you to these publicly filed documents for further information." SIGNED, MIKE "TRAIN WRECK" VESEY
"Gross margin was 15% for the first quarter compared to 30% for the comparable period last year. The decrease reflects development and licensing costs of our new Zumba releases, higher development and licensing costs compared on our newest Zumba releases when compared to the prior year. We incur a fixed development and licensing fees to develop a game and amortize these costs based on expected sales of the game. When sales volumes decreased, amortize development and licensing costs increase as a percent of revenue because they are spread over a smaller revenue base." SIGNED, JESSE THE JOKEMAN
Last year was a transitional year. This year is a transitional year. Anyone want to make bets about next year being a transitional year?
So predictable. Big fat miss. Nice work Genius Jesse! Time to write yourself twice as many stock options because the stock will be worth half as much!
Looks like you forgot to switch from your boulder_adv_rider alias. Try to remember next time.