why do I always hear people saying the same thing? This "market" is not overvalued in the least. In fact, at 13x earnings it's below historical averages. Sure, there are some stocks that are overvalued.
anyone know what he bought in at? Not sure I really see the value he does. This company is dependent on military contracts, and everyone knows that spending is going down. Unfortunate to say, the only thing that saves this company is probably another war.
well, the first question on the call was in regards to the financing/equity raise and when the caller said something like "hopefully you can raise money without dilution or at higher prices" and the CEO started stammering and was like "well, hopefully" ...that doesn't give me a lot of confidence. Sounds like they have some financing options lined up, but my interpretation was that the offers are not that great. I don't want to take a position here only to find at a few months later they have to sell 10 million shares at $0.50 in order to fund the Motorola deal. If they get financing on reasonable terms, I'll pay up.
never mind, I found it. Only $268k raised and co-founders put in $240k of that amount. What was the point of even doing it for that pittance? And neither the CEO or the other guy put in the maximum amount they could. Didn't sound like the CEO sounded too confident they would be able to raise without dilution. Think this is a wait and see at this point. Too much of a gamble to buy before we know what the financing will look like.
Has now been over a month since they concluded the stock offering and we have not heard anything. I take it they didn't get enough people to sign up? Would be nice for them to announce one way or the other.
guidance was definitely positive. still looking for a good entry point here. This is like the only tiny payment processor that actually turns a profit and will probably get bought out.
added this today. if Paypal paid the same multiple on revenue they paid for xoom, plpm would be valued over 100% higher. And xoom was not even profitable.
The problem with gold, unlike oil or copper or, to some extant silver, is that it has a miniscule amount of actual consumption. So probably 90% of gold that is "produced" goes into jewelry or coins, and thus the "supply" is actually constantly growing. And when you have a supply that is never really used up, it takes a very long time to work thru it. Which is why the supply/demand argument doesn't really work for gold. It's worth what someone's willing to pay. Simple as that.
In regards to JNUG, if your cost basis is over $20, you will never get your money back here. Simply due to the decay of the leveraged fund, it's mathematically impossible for this ever to get back to $300, or even $30. Unless gold decides to go to about $10,000 an ounce.
this thing is hard to buy. had a bid in all day and barely got anything. maybe liquidity will improve when they go to the nasdaq.
this actually looks kind of interesting....minus the penny status. But double digit revenue and net income growth, and only trading for a single digit p/e. Probably will get taken out by a bigger company before it ever reaches paypal status though. But you might be on to something here. Might throw $25k in this thing and see where it goes.