Are you kidding? I was hopeful for $4 when this dog was trading in the 2's. No chance in h!@# this pig will ever see 4 again even in a buyout. At this point in time, they would be lucky to find a suitor willing to pay $2/shr...maybe. Personally, I think that if they aren't actively perusing an acquirer, this company will be run to the ground. Time and cash on hand are running dry quickly. If they go for another secondary at these levels, they will also need to counter it with a reverse split, which might then put this at 4.
I would suspect there is a huge sign in front of headquarters which says: Gone Fishing!
I would not expect any buying from mgmnt at any price since they get a boatload of shrs for free. Also, if they are trying to work out some sort takeover deal (big IF here), they would not be buying any shares. All of the actions taken so far (removal of poison pill, downsizing, restructuring) to me indicate the company is preparing itself for the auction block. But at such a low existing sp, a potential suitor would get this company for song, especially if they have already been accumulating shares at these levels. Will be interesting to see if there are any 10+% holders when Q2 SEC docs are released. I would not expect any news of contract wins either as there maybe aren't any, And even if there were, I doubt they would announce anything until the next CC. This pig is basically dead money until next CC. And it's anyone's guess where we head from there. For now, we stuck in the 80's it seems.
patiently covering and making a killing! Lots of time for shorts to cover as this pig is dead!
(over 10 mil short now) and volume drying up. Shorts don't appear to be in a rush to cover as they likely think they have lots of time, and they are probably right about that.
I don't think so either, but maybe article did help spark a bit of short covering. Not sure what else could have caused the recent upswing. Hope there is more behind it than just an article.
This kind of rinse and repeat better that what occurred last month where we would have a quick bump at the open and then tank the rest of the day. I will be happy to just consolidate in the 1.25+ range for a little while, priming for the next leg up (hopefully). Volume appears to have dried up a bit today.
Me too, but a little back-fill from profit-taking and more shorting normal after a significant one-day rise in sp. Good support at 1.25.
you can add another 3mil to that figure! From april 30 to may 15 short interest increased from 3.9m to 6.9m. WOW!
Would also be nice to see a short covering rally! But looking at L2 today, someone still unloading or trying hard to to hold it back.
Means nothing. Zack's has a price target of a buck which means nothing too. One of these analyst projections will be right or both could be wrong. All I know is that after yesterday's news, I would have thought we would be trading in the 1.20's today, but as someone mentioned yesterday, it appears that the company has lost all credibility. The only news that will get this stock up are increased revs and earnings or a dollar amount attached to their "design wins" PR's. Or of course, news of a buy-out.
Good question c.ddule. My answer is that I still think this pig will be taken out, but at these prices, it will likely not happen at a price I was speculating on ($250-300mil). If this pig does get taken out soon, lucky if they can fetch $175mil , and the longer they wait to find a suitor, the lower the take-out price will be. And if they wait too long, they will likely be auctioning everything off in BK.
Sure does. Looks like another institution liquidating and we may test under a buck again. This POS company/stock has been the worst investment I have ever made. I am most disappointed in myself for placing such confidence and trust in this CEO. I honestly thought he was capable of turning this company around. I also thought he was trustworthy and would look out for the best interest of shareholders. I was wrong on both counts as it looks like they are going to collect a paycheck and milk this thing till the end.
There is a bit of ambiguity in the wording of the PR. Are they referring to their own PA or a competitor's PA?
Good point and appreciate you sharing your knowledge and perspective, So based on the excellent point you just made, and assuming that anad has a shot in being taken over, It would appear that Huawei would be a more likely candidate than Samsung? Agree or disagree? Thanks.
While the latest PR only mentioned the wifi FEIC in the P7, the previous PR stated that "the Company's ProEficient™ and ProVantage™ power amplifiers (PAs) have been selected by multiple Chinese OEMs...with design wins at several key OEMs, including Huawei, ZTE, Coolpad and Innos". But of course a deign win does not necessarily mean that Anad PA's are going to be used in all Huawei phones, so its hard to speculate if anad PA's will be in the P7.
If Huawei's HiSilicon division currently has no RF chip design and manufacturing, but would like to enter this space, I would think this makes them a formidable suitor for ANAD, no?