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lawstuff22 4008 posts  |  Last Activity: 7 hours ago Member since: Jul 28, 2006
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  • Reply to

    NQ-Mine Filled at $10.52

    by lawstuff22 20 hours ago
    lawstuff22 lawstuff22 7 hours ago Flag

    NQ Mobile Calls Selloff ’Ridiculous’ as It Buys Back Shares
    By Ye Xie - Apr 15, 2014

    NQ Mobile Inc. (NQ), the mobile-phone operator accused by short seller Carson Block of overstating revenue, said a two-day drop of 31 percent in its shares is “entirely unacceptable and ridiculous.”

    The company said on its website yesterday that it bought back shares after the stock tumbled following a weaker-than-forecast earnings report April 10. The shares are down 45 percent since Block said in October the Beijing-based company was “a massive fraud.” NQ has denied the allegations.

    NQ’s fourth-quarter earnings missed analysts’ estimates, renewing concerns that the company may have manipulated accounting. The decline was driven by one-time expenses, including the cost to refute the accusations raised by short sellers, NQ said yesterday.

    “We are also continuing to consider other things as we deem this most recent selloff entirely unacceptable and ridiculous,” NQ Mobile said in the statement on its blog. “This extreme volatility will prove short lived.”

    American depository receipts of NQ rose 14 percent to $12.60 yesterday, the first increase in four days. The losses in the previous two trading sessions wiped out $305 million in market valuation, according to data compiled by Bloomberg.

    NQ reported adjusted earnings of 22 cents for the final three months of 2013, falling short of the median forecast of 32 cents in a Bloomberg survey of four analysts. It posted negative cash flow from operations of $2.26 million for 2013, compared with a positive cash flow of $9.96 million in 2012.
    ‘Suspicious’ Acquisition

    It also acquired 58 percent of Tianjin HuaYong Wireless Technology Ltd. in a series of deals between 2013 and the first quarter of 2014, according to the earnings release.

    Block, founder of Muddy Waters LLC, said April 11 that NQ’s negative cash flow and the “highly suspicious” acquisition are further evidence of fraud. Block shot to fame in 2011 after his accusation that Sino-Forest Corp., a Chinese plantation company listed in Canada, was a fraud led to the company’s bankruptcy.

    NQ said yesterday that it remains “confident” in its business and finances. Earnings fell short of estimates largely because of $8 million in one-time expenses, including fees related to forming a special committee investigating allegations. While it expects as much as $8 million in additional costs in the first quarter, it won’t affect NQ’s operational business, according to the statement.

    The negative cash flow stemmed from the “extreme measures” the company took, including prepaying for game titles and other partners for services and paid down our accounts payables to vendors, it said.

  • Reply to

    Any news out?

    by kwik_scan 12 hours ago
    lawstuff22 lawstuff22 12 hours ago Flag

    it was Alibaba's 66% surge in revenue that dazzled investors. Macquarie's Ben Schachter says Alibaba's "phenomenal" growth is surprising since the company -- of which Yahoo owns a 24% stake -- had shown signs of a slowdown.

  • Reply to

    Any news out?

    by kwik_scan 12 hours ago
    lawstuff22 lawstuff22 12 hours ago Flag

    Alibaba, Blowout numbers with Yahoo

  • Reply to

    NQ-Mine Filled at $10.52

    by lawstuff22 20 hours ago
    lawstuff22 lawstuff22 13 hours ago Flag

    WOW 14% return today , can it get much better?

  • Reply to

    NQ-Mine Filled at $10.52

    by lawstuff22 20 hours ago
    lawstuff22 lawstuff22 13 hours ago Flag

    This is a GREAT STOCK for MEeeeeeee. Thanks for the cheap shares

  • Reply to

    NQ-Mine Filled at $10.52

    by lawstuff22 20 hours ago
    lawstuff22 lawstuff22 20 hours ago Flag

    so far so Good, feeling great

  • This is a screaming BUY

  • Reply to

    Bought ATEN @ $13.83 today.

    by lawstuff22 Apr 9, 2014 4:04 PM
    lawstuff22 lawstuff22 Apr 14, 2014 11:25 AM Flag

    Coverage coming soon!!
    Lead Underwriters: BofA Merrill Lynch, JP Morgan Securities LLC, Morgan Stanley & Co LLC
    Underwriters: Oppenheimer and Co Inc, Pacific Crest Securities LLC, RBC Capital Markets LLC

  • Reply to

    Bought ATEN @ $13.83 today.

    by lawstuff22 Apr 9, 2014 4:04 PM
    lawstuff22 lawstuff22 Apr 14, 2014 11:22 AM Flag

    TEN's recent rapid revenue growth has come with fairly stable income/loss figures, discounting the litigation costs that generated large losses the past two years.

    Though the firm does have significant competitors, ATEN's impressive customer base and solid leadership team, along with its diversified product offerings, leads me to believe that the firm should be able to continue its impressive growth and push towards a return to profitability.

  • Reply to

    HLF-You have to love this...

    by lawstuff22 Apr 13, 2014 9:58 PM
    lawstuff22 lawstuff22 Apr 14, 2014 10:12 AM Flag

    its working back up, Ackman should be in jail

  • Source: Courtesy Herbalife Ltd.
    Shares of Herbalife Ltd. (NYSE: HLF) plunged about 14% on Friday following a Financial Times report that the U.S. Department of Justice and the FBI have each launched criminal% investigations into the company’s multi-level marketing practices. The Wall Street Journal reported late Friday that a source had told the paper that the “probe has been going on for months, and it isn’t clear if any laws have been broken.”

    Herbalife said on Friday that it had “no knowledge of any ongoing investigation by the DoJ or the FBI.” So either the DoJ and the FBI are investigating the company without telling Herbalife — or somebody’s lying.

    An attorney for Herbalife told The Journal, “We believe this is market manipulation through leaks, and we will turn over every stone to establish that.” The attorney also said that the company is cooperating with the Federal Trade Commission (FTC) which is conducting a civil inquiry into Herbalife’s business practices.

    Hedge fund manager Bill Ackman who first charged that Herbalife was an illegal pyramid scheme in December of 2012 and took a massive short position in the stock has the most to gain from the federal investigations, which so far remain unconfirmed by either federal agency or Herbalife. Ackman has said he will go “to the end of the earth” to defend his charges against Herbalife.

    So Herbalife is turning over every rock, and Ackman is going to the end of the earth. In the battle of clichés its still a draw. But in the public perception struggle, Ackman has gained a slight edge. He persuaded Massachusetts Senator Edward Markey to call for an investigation by the U.S. Securities and Exchange Commission.

    Like the FTC investigation, an SEC probe would be a civil matter. But if the criminal investigations were acknowledged by the DoJ or the FBI, that would certainly put additional pressure on Herbalife stock.

    Ackman’s also managed to chop Herbalife’s share price by more than 35% so far in 2014. The stock closed at $51.48 on Friday, down 14% for the day. Its low was $51.19. The shares have traded in a 52-week range of $34.72 to $83.51. That high was set in early January.

    Based on a consensus price target of $85.50, the potential upside on Herbalife stock is a whopping 66%. The forward P/E ratio is just 7.32. Overall, investors appear to be taking a cautious approach to Herbalife shares — with some exceptions like Carl Icahn who has a 17% stake in Herbalife and 5 of 13 seats on the company’s board of directors.

  • Reply to

    NQ price lowered today...tgt..$27--Buy Rating

    by lawstuff22 Apr 11, 2014 8:06 AM
    lawstuff22 lawstuff22 Apr 11, 2014 11:54 AM Flag

    making money on this stock, feels real good

  • Reply to

    NQ price lowered today...tgt..$27--Buy Rating

    by lawstuff22 Apr 11, 2014 8:06 AM
    lawstuff22 lawstuff22 Apr 11, 2014 8:43 AM Flag

    fly on the wall

  • Reply to

    NQ price lowered today...tgt..$27--Buy Rating

    by lawstuff22 Apr 11, 2014 8:06 AM
    lawstuff22 lawstuff22 Apr 11, 2014 8:29 AM Flag

    thanks for your cheap shares, you guys are the greatest

  • Reply to

    NQ price lowered today...tgt..$27--Buy Rating

    by lawstuff22 Apr 11, 2014 8:06 AM
    lawstuff22 lawstuff22 Apr 11, 2014 8:19 AM Flag

    these guys know more than we do, it is a screaming buy now

  • Canaccord Genuity lowered price target to $27 from $29..Buy rating

  • Reply to

    Bought ATEN @ $13.83 today.

    by lawstuff22 Apr 9, 2014 4:04 PM
    lawstuff22 lawstuff22 Apr 10, 2014 9:48 AM Flag

    I think the hiring of Gareau was the biggest news for this company. and a major plus going forward

  • A10 Networks Hires Former Prolexic Principal Research Scientist Terrence Gareau to Lead DDoS Security Research Team
    Inventor and Founder of Well-Respected PLXsert to Build Out A10 Networks' Security Research and Advisory Capabilities, Further Strengthening DDoS Offering for A10 ADC, CGN and DDoS Customers
    Marketwired
    A10 Networks 6 hours ago

    SAN JOSE, CA--(Marketwired - Apr 9, 2014) - A10 Networks (NYSE: ATEN), a technology leader in application networking, today announced that it has hired Terrence Gareau as Principal Research Scientist. In this new role, Gareau will build a security engineering and response team, providing A10 ADC (application delivery controller), CGN (carrier grade networking) and standalone DDoS (distributed denial of service) customers with in-depth DDoS research and advisories. Additional intelligence gathering and threat advisories will further assist customers in protecting their networks from the rising incidence, volume and sophistication of crippling DDoS attacks. Prior to joining A10 Networks, Gareau founded and led PLXsert, a well-respected DDoS service from Prolexic (recently acquired by Akamai).

  • Reply to

    looks like a buy

    by mgiuseff Apr 9, 2014 12:59 PM
    lawstuff22 lawstuff22 Apr 9, 2014 2:59 PM Flag

    How and why is it a buy?

  • Reply to

    looks like a buy

    by mgiuseff Apr 9, 2014 12:59 PM
    lawstuff22 lawstuff22 Apr 9, 2014 2:59 PM Flag

    On Mar 4, 2014, Zacks Investment Research downgraded BioScrip Inc. (BIOS) to a Zacks Rank #5 (Strong Sell).

    Why the Downgrade?

    BioScrip witnessed downward estimate revisions since it reported disappointing fourth-quarter 2013 earnings results on Feb 26.

    In the fourth quarter, BioScrip’s net loss from continuing operations of 7 cents per share witnessed a massive decline from the year-ago adjusted earnings per share (EPS) of 2 cents. The results also considerably lagged the Zacks Consensus Estimate of earnings of 2 cents. Notably, the company delivered negative earnings surprises in 3 of the last 4 quarters with an average miss of 116.67%.

    BioScrip is still battling margin headwinds as the high-margin PBM business continues to decline. Although the company is working toward margin improvement, any near-term improvement is unlikely.

    Reimbursement pressure remains an overhang for the company’s home health franchise. Although Infusion Services business continues to grow at a healthy pace, the poor performance at the PBM Services segment is weighing on the margin. The dearth of any major near-term catalyst might make it difficult for BioScrip to overcome these challenges in the near future, which is also reflected in the company’s unimpressive guidance for fiscal 2014.

    According to the company, in 2014, its Infusion Services segment is expected to grow at a rate of 20% with double-digit organic growth. However, similar to this recently completed fiscal, even in 2014, growth in Infusion Services revenues will be offset by a decline in the PBM Services segment and the sale of the Home Health Services business. Total gross margin is anticipated to suffer due to the sale of Home Health, growth in the low-margin Infusion business and decline in the high-margin PBM Services segment’s gross margin.

FB
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