With InfoComm taking place in a weeks time, I'm getting the feeling the stock is getting manipulated down in order for some to buy before the convention. Either that, or because Jim is on vacation. lol
I've wondered why they don't change their name to reflect the business. I think you are on to something about the gold stock.
Check out the Investor Village message board for CLRO and you'll see Jim babbling away to himself. Quite entertaining....
Only if there are forecast for more of the same. It's all about the future, and currently the near term prospects for GV are not rosy.
I'm looking for a reversal today after a weak open. Some are being scared because earnings didn't grow with revenues. This is due to GV having to pay a normal tax rate, instead of offsetting earnings with tax loss carry forward.
Don't be surprised to see the stock close above $3.
As I mentioned in another post, the Treasury Stock that was previously on the Balance Sheet is no longer showing. In addition, the Basic Avg. Outstanding shares this quarter increased by over 43K. Did the company re-sell those shares back into the market that they had bought last year for about $4?
Over $250 million in LT Debt. And with the stock down over 30% in the last nine months, they can't even issue more shares to lower. Look at the income statement and see how their Interest Expense has skyrocketed.
In my earlier post this morning, I said revenues of $12 million, I should have said $11 million (I didn't think it was reasonable to have 20% growth). Numbers are pretty decent, with continued q/q growth. One thing, and this may have been mentioned in the cc, was that it appears they sold the Treasury Stock into the open market, as this no longer appears on the B.S. and the Avg. Outstanding Shares increased. This surprises me, since they had announced the increase in the share buyback. Does this mean, they think the shares are fully priced at this time?
Will listen to cc.
The investment of AVM is not new. Although they have increased their holding over the last year (bought 500K during last years secondary). I don't think they are into buyouts.
The company itself has said it's revenues and earnings will be lower in '13. But one year does not make a trend. One aspect of the Spirit contract that would have been nice to see is the addition of the "trailing edges", which were part of the original contract in '08.
Anytime you can get a six year contract, worth several million dollars, whether it's an extension or not is good news.
What do you consider "CASH heavy"? At best, they'd probably only raise a half million dollars, and that would require them to double the amount outstanding.