I have to agree; am on sidelines but may short. terrible relative strength over many months now. Want to be long but too dangerous. shorts in control here.
How can it be a value if they are missing estimates and losing money, with an outlook for more of same? Value of such businesses in long run is zero.
An average of 9 analysts has them at a loss of $0.23 for next year; what are they seeing that you are not. I do not see how this company is going to be profitable anytime soon and is hitting new lows. Looks like it could/should trade significantly lower until they can actually post profits.
Oh it'll be going somewhere this year I believe. Already on its way. lolz. I think they will be filing for slight symbol change: ASCMA to ASCAM. Get it? More true to reality.
Can any investor explain how this company can continue to survive in coming years? 1.64b in debt, losing $2+/share per year, ~$500 mil in revs, with much of that coming off contract over coming quarters, new biz too expensive to buy and seemingly not profitable even if they could negotiate w/ their lenders for more $. They don't even have data on their customers, per the last cc, as distributors sell and don't even give the co the info.
What am I missing?
do you have any other ideas that are down 90% and that I should also short? This sounds like a solid strategy...lol
I agree; this seems only good for a trade when news hits. can't even bounce w/ sector today. awful relative strength.
watch for gap up into the 60's as we head into end of yr; the insty's algys have been mopping up all the tax loss orders for quite awhile now; I will not be at all surprised to see this back to high 60's within a couple of weeks. Good consolidation yr; 2015 is going to rock for this name.
Last q's cc was great and co trades just over the amount of revenue they already have booked; no more dilution (solar bonds) removes one of biggest headwinds. GL
today's vol was only about 60% of typical day; would need to be higher than normal to give credence to move. Strong support in 15.50 - 16.25 range; this one has some wide swings.
Today, this held far above lows of recent days, despite a far weaker broader market than in recent days. Good relative strength; stock is in strong hands. S&P fib level at about 2014; market should bounce from that level. high 20's+ coming imo. gl
You may or may not be right long term. However, my view is that investor psychology is such, and the short position is such, that one, yes one, decent order will send this stock to high 20's. Plus, market will begin to anticipate the inclusion of the large order from last quarter that was pushed into current quarter...it will make for a good number even if they have little, or even nothing, else. I think they'll be booking some additional wins and beefing up sales force based on cc.
you're right; they do check them.
I feel the same about this name as I did w/ GMCR @ $40-50 last yr; that was/is an institutional darling name as well. This is going to be taken for a spin to the $30's; fundamental momentum is just too strong, and gov't buy-in seals deal.
This stock is now an institutional darling. The insty's will take it to the 30's. It's not a retail name; no need to even check these boards, really.