Is 2016 still the JV consolidation? That's when and only when you will see rev's climb IMHO-
Excerpt from call & analysis of JV: It is important to understand the implications. There is a reason why Solazyme owns 50.1% of the joint venture, compared to Bunge's 49.9% holding. Based on the concepts of full consolidation and non-controlling interests, Solazyme should be able to consolidate the financial results of Solazyme Bunge Renewable Oils into its own financials. Therefore, the joint venture's full revenue should be reflected on Solazyme's financials even if almost half of the income will ultimately be attributed to Bunge.
I agree about the traction but I think it stems from the loss of confidence in SZYM especially before the CC that investors were fleeing and now with 2 of the biggest names in business in consecutive days has brought a renewed sense of confidence back albeit not on the numbers side yet. We would get more on the numbers game Thursday evening.
Hard to get excited up 1 day and nearly 12 straight down days prior but I do like the name and agree that BASF wouldn't put their name behind SZYM if they couldn't deliver a predetermined allotment.
pkm, what do you make of the recent crash in share price? They are pricing in a lot of bad news that we aren't even aware of almost like they are throwing in the towel??? Would love to hear Wolfson's speech today @ noon today for his award and if he has any positives about the company.
The Biotechnology Industry Organization (BIO) named Solazyme CEO Jonathan S. Wolfson as the recipient of its 2015 George Washington Carver Award for innovation in industrial biotechnology.
What bothers me more is that Nasdaq is on fire this week and we're going for 5 straight days down. I was hoping by weeks end we can at least hold three but the low volume and the shorts have had a great week
I'll let the CC tell us. Speculating here doesn't get you far. Volume just tells me folks are also waiting for the CC. Nobody is expecting a good qtr because they already telegraphed that but the next 2 qtrs investors want I mean need to see TANGIBLE progress not hopes and dreams as you suggest. Pumpers and dumpers I usually ignore where I try to stay focused on the prize just like our political rat race in this Country where the extremes get the story line and the majority of the Country is in the middle where the real story and work need to be focused.
I've had zero success with IR @ Solazyme & Brainerd Communications in the last month or so. SZYM must be a hot potato with the class action period and nobody returns any phone calls or email. Brainerd was already notorious for lousy communication. It's a public company so "the guy" from SZYM is Bryce Dille.
The good news is that that is less than 6 months away and they have plenty of cash to make it till then. Although the stock price and volume lately has been terrible.
Maybe some day we can follow the Nasdaq which shot up yesterday and up quite nicely today too and we can tag along like all of the other Nasdaq stocks in my portfolio and we can then start licking out fingers too :) not good pin action past 2 days looks like dead $$ till CC which I have no idea what Wolfson will say. Not too much to brag about yet until all Moema issues are solved and optimization is far enough along with dependable redundancies so we can FINALLY ramp up.
Didn't see the whole video but did they get a positive response by the "Tasters"?
Jul 8, 2015
Solazyme, Inc. (NASDAQ:SZYM) is a hold, according to the latest average broker rating of 2.75. The number of analysts in this rating is 4. Research Analysts at Zacks has the shares a rating of 3, which implies that the firms recommendation is Neutral on the company.
Solazyme, Inc. (NASDAQ:SZYM) shares are expected to touch $5.5 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 3.04. The target price could hit $8 on the higher end and $2 on the lower end.
Currently the company Insiders own 1.3% of Solazyme, Inc. Company shares. In the past six months, there is a change of 3.38% in the total insider ownership. Institutional Investors own 58.4% of Company shares. During last 3 month period, 0.06% of total institutional ownership has changed in the company shares.
Shares of Solazyme, Inc. (NASDAQ:SZYM) ended Monday session in red amid volatile trading. The shares closed down 0.15 points or 4.97% at $2.87 with 525,978 shares getting traded. Post opening the session at $2.98, the shares hit an intraday low of $2.83 and an intraday high of $3.01 and the price vacillated in this range throughout the day. The company has a market cap of $230 million and the number of outstanding shares has been calculated to be 80,068,000 shares. The 52-week high of Solazyme, Inc. (NASDAQ:SZYM) is $11.83 and the 52-week low is $2.
The company shares have dropped -72.74% from its 1 Year high price. On Jul 7, 2014, the shares registered one year high at $11.70 and the one year low was seen on Jan 29, 2015. The 50-Day Moving Average price is $3.27 and the 200 Day Moving Average price is recorded at $2.96.
anotheranonone, you got me there! Good find and thanks for the enlightening. I remember when DDD was flying high and I guess they got into a mess too.
gras, I'm with you and also side with crush that management has made obvious mistakes and it would be nice for them to respond and I too have never seen this many firms after 1 company in my 40 years of investing. As to the drop in szym vs Nasdaq, I can only wish szym is down the same percentage as the Nasdaq in the past 2 months! Not even close! Naz is within a few percentage points of breakeven but szym has been crushed by over 40%!
What happened to this? Raymond James Analyst Sees Solazyme's Algenist Line Equating to Current EV of All of Co., Believes Rest of Co.'s Business Very Undervalued
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5591517/update-raymond-james-analyst-sees-solazymes-algenist-lin#ixzz3fDGbupC3
Could it also be the couple dozen of lawsuits? SZYM is in its 2nd crash. We all know about the big 1 but today we closed 40% down from our recent high reached in April. Six straight down days to boot. Would love to see another consolidation here but it hasn't materialized yet.