Definitely won't happen overnight. And it could be dead money for a few months. But remember this company earned .06/share in Q2 of last year and .09/share in Q3 of last year. If they post earnings anywhere close to that good in Q3 of this year, stock will be up around $1.50. Maybe a lot higher. The right PR could also send it up 20% very quickly. I'm buying some in the .90's. I have the patience to wait.
The positive outlook about the second half of 2015 will put a floor under the stock imo. Probably a good buy around $1 if you can hold through the Q3 report in November. My guess is you can make 30-50% or more.
"Early indications for the first quarter suggest continuing sluggishness in net sales; however, we have made steady progress in CATV MSO penetration, secured approvals for our encoder products by the two largest satellite service providers, and have secured a new client for contract manufactured products, all of which successes should benefit the Company in the second half of 2015."
Yeah in that video that someone posted, the CEO gave a few comments. Sounded like the last few months of 2014 were tough, so Q4 won't be good. But he said things picked up in February, so the outlook for Q1 & beyond might be positive.
Very nice quarter, too bad the CEO had to quickly spoil the party by giving a bearish outlook on the rest of the year--
While management is pleased with the operating results in the first half of the year, and especially in the quarter just ended, we anticipate risks during the second half of our fiscal year associated with changing sales patterns initiated by our customers, currency translation challenges, conflicted consumer perceptions brought on by recent regulatory actions involving several mass market retailers and their suppliers, and ongoing efforts to further manage our CarnoSyn® licensing and sublicensing activities.