For someone that says they have no position in this stock you seem to spent a lot of time posting to this board. If you have no position you should look in the mirror nag get a life and if you are short then you will be getting what you deserve.
Hard to borrow and getting on people's radar. Enjoy the ride and give it a chance to run.
BT- Since DB and Russo are gone then this should not be an issue. The current management has a very good reputation and had been successful before.
Please answer me this one question- why are you spending so much time beating this company up if you have no position or no person agenda?
The interesting thing about message boards is you have some very bright people but they have agenda's so when you actually read what they say you can really laugh. BT has an agenda and they are either short or work for a short house or has a personal agenda against the company.
What the wrote below is so flawed I had to laugh and respond. Lets just poke a hole in his 911 fee's. The first thing is this fee is a government fee and what Magicjack is doing now is charging that fee to the appropriate people that should be charged the fee and giving it to the government agencies that are supposed to get it. This does nothing to the revenues because it is a tax like pass through fee. Ask Amazon how much of their revenues went down when they started to collect local sales tax fees? The answer is they didn't go down because it is a basic fee that everyone needs to pay.
In regards to your stock valuation I would love to see your numbers on what it costs to set up a similar company with IP and patents and sales and distribution channels and what you are valuing future cash flow at? They have nearly $3 per share in cash today, next year they are expecting $2 per share with growth.
If you want to talk about true valuation and modeling please do a real write up and lets dissect it and see what we come up with. My modeling is come up with a $26 fair value today and that includes limited growth and continued uncertainty. If the management of this company can clarify things then this number will go higher
The perception of this company right now is terrible.Management needs to step in and say and do something to change that, they do have a fiduciary responsibility and they can be held liable.Enough is enough already, there are easy fixes and the lack of communication and execution are unacceptable.
My concern at this point is there is no insider buying and they have not been in the marketplace buying back stock. If they were doing these two things this would do wonders. You have to agree that to date the management has been a giant zero and it is put up time. There is a fiduciary responsibility of management and the board.
This is significant growth and the potential for this generating revenue might be the biggest factor going forward. I didn't see anyone talking about this and thing you are missing the boat.
The company is in a transition like Apple is in and just being a cash generator so this is when you buy back stock and when the roll out of the international and apps and wifi and everything else it makes it that much better for the long term holders. Get on the ball and into the game of creating shareholder value.
We can reach out to these people and voice our concerns. Maybe reach out to Carl Icahn and introduce him to this hidden gem. There are other ways if this continues that are not avenues that anyone wants to go down unless forced too.
It is time for investor activism. Time to reach out to Adams and Blackrock and Borislow. The BOD has a fiduciary responsibility to create shareholder value and at this point they have failed miserably.
Money is in the bank. If you can borrow at 5% and buy a 8pe stock then the BOD should absolutely be doing this. IBM just announced another 15billion in buybacks. It is your charter to create shareholder value and so far you have done nothing, I am shocked that they have not had a takeover offer?
It is time to show shareholders you are going to be aggressive in creating shareholder value. Go out and borrow $30,000,000 and buy back 2,000,000 shares. This would allow you to keep cash on hand for growth, show shareholders that you want to create shareholder value. Interest rates are low and selling at a PE of 7 with the cash flow we have is crazy. Apple borrowed money to do this and so have many other companies. You need to return value to shareholders.
A little investor activism is needed.
Not saying anything and watching the stock go down without any accountability is not correct.
We really need to question everything going on here.
I went back and read the press release in December announcing Vento and what he will do for shareholders and has not delivered on anything.
Time to press the BOD.
If you want to talk then talk but you are whining that the stock is down. If you are a big shareholder then call and talk to management and get action.
You are an idiot (wink) If you had a clue and any money then you wouldn't be whining on this board. You really must have a sad life and I will pray for you.