Anyone hear the report on NPR last night about 3D printing in Africa? I caught only the last minute or so, but the sentiment expressed was that 3D would be trans-formative to African economies in that it would leap frog the traditional development of manufacturing and distribution. While I have a hard time imagining it would replace auto factories, it could enable the remote production of parts to repair cars.
Just as personal computer development and public acceptance was not a straight line up, I suspect that 3D printing acceptance and commercial use will grow, but with periods of consolidation. We're in such a period of consolidation now.
There are few buyers. Basically everyone is waiting for someone else to make the first move. Without meaningful news about sales, margins, profits, the slide will continue.
Why is the price loitering around 47.50? Of course, weekly options expire tomorrow and 47.50 is the nearest strike. Puts and calls are selling for about $2, and so no one knows what to expect from the earnings report.
If you have long term confidence, I agree. Shorts help create a more attractive entry point. Shorts can help or harm, depending on whether you want to buy or sell a long position.
If they know about the channel, why announce shortly before qtrly earnings? Their 14 price target seems suspicious as well. Stock has run down from their previous target of 22 to 14+ and now they lower the target?
Murph - I was just pointing out the relative size of the two companies. While TEVA has grown in the past 7 years, ROSG (the supposed higher growth company of the two) has steadily lost value. No, I don't expect TEVA to make an offer, but 7 years ago I certainly thought that ROSG would be worth considerably more than 2 days of TEVA sales.
Another options Friday and once again it looks like price will be drawn to 15 so that the 15 puts and calls will expire worthless. I'd like to be wrong, but it certainly seems that the tail is wagging the dog in this case.
It used to be that a strike price was the magnet for share price on Friday. Then it expanded to Thursday. Now it seems like Tuesday is the day. Here we are, hovering at 15.
If you put in an ask price higher than the current bid, you are sure to see the share price continue to decline. The only way you can sell is at the bid, i.e. market. I know, because that always happens to me.
Not sure you should compare mass market services company to DDD. While the margins on incremental sales are huge for FB and GOOG, DDD incremental sales margins are going to be less impressive, simply because they have to produce and support additional hardware. HPQ and SSYS would be better points of comparison.
Remember that fwd P/E and PEG are made-up numbers. Some analyst had to generate them and unfortunately, we don't know how old they are and if they are still valid. All it takes is a couple of extreme outliers to move the numbers notably down or up.