On or before October 12th, we will have 2nd sale to II-VI for $80+ million. This should pop over $2.50 by then
No sale until they get their new compensation approved. Once that occurs, guidance will be much higher. Stock options with sub $11 exercise prices have already been approved. You will see a bunch of hyper-scale projects coming online with new customers in 2014. That by itself takes us to $21.00. I believe if we get there, it will be difficult for another acquirer unless they are willing to pay... FIO is the clear leader in this space and will likely fill product gap with small acquisitions if they do not get acquired. What we spend on R&D is as much as some of the revenues of our closest competitors. We spend over $100m and Violin Memory has less than in 12 month revenues..
Onward and upward I say.
Sentiment: Strong Buy
FIO has already rejected offers in the past under previous management. Their products are ahead of EMC and others. NTAP is the logical buyer here as they are way behind in PCI, SSD etc.. Timing would be right and they could do a decent deal considering where it trades now. I think something in the $16-$19 range would be a done deal unless their are others competitive bidders.... Insider buying confirms that we have a floor at $10.00. Nobody and I mean no management buys $1.6m in stock if they think they are behind competitively from a product standpoint. Big hyper scale orders coming in 2014...
I guess they are going to save GNK by buying some of their ships in this most recent offering. Nothing else seems to make sense given they just raised funds a few weeks ago. GNK will likely pop on this news
I guess they are going to save GNK by buying some of their ships in this most recent offering. Nothing else seems to make sense given they just raised funds a few weeks ago. GNK will likely pop on this news as they will likely submit a $200m payment to banks and buy time for rebound. I expect stock will pop back to $6.00 once this is completed.
I expect they will miss or guide down the following quarter. Definitely overpriced. Summit bailing also looks like. Good Luck
Sentiment: Strong Sell
I though we were getting an 829 announcement before the end of the year. #$%$
These guys dilute the heck out of shareholders every time. When there was 20m shares at $8.00' these did a massive round of 10m shares at $5.50. No regard for shareholders, they use the company as an ATM for HPT and management with their inside deal getting a piece of all fuel sales in addition to free stock every year. This round will be priced sub $8.75. No serious institutional investor trusts these guys because despite they are not doing anything illegal, shareholders are last to benefit. Say goodnight you will never see $10.00 format least a year...
I too was a frustrated shareholder and eventually sold out and started shorting because I knew they would do an offering although I thought they would announce one when stock was over $12.00. Good luck to you all.
Georgopoulos will not alllow his baby to BK. He will lose substantially all of his net worth with the exception of his stake in ANW. BALT will Buy some ships from Genco. Centerbridge will be on board of both. It's a done deal. $2.00 March call options are a good bet... Why would centerbridge by into BALT if it was not to expedite a transaction...
Enough said, the market will reward FIO once they let the cat out of the bag that we have Alibaba and Baidu..... In terms of Nimble, its clear this is a hyped up Sequioa Capital pumped up entity. Their revenues are 1/3 FIO and they command a 3B multiple.
CEO Shane Robison was kind enough to talk by phone for a few minutes following the call. Robison tells me the company has not lost share in the segment of the storage market that pertains to “PCIe server-attached storage acceleration.” When I asked if the company is seeing its opportunities curtailed by startups selling flash-memory based storage arrays, such as Nimble Storage, which filed for a public offering last week, Robison said, “Every time we go up against Nimble, we beat them.”