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OCZ Technology Group, Inc. Message Board

mustangsny 36 posts  |  Last Activity: Mar 28, 2014 12:46 PM Member since: Oct 26, 1999
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  • Reply to

    Hov more than fairly priced?

    by homeseek Mar 28, 2014 11:02 AM
    mustangsny mustangsny Mar 28, 2014 12:46 PM Flag

    Housing is going to be the major bounce to this market over the next couple of years and HOV is going to go up with it. Right now this is a buy. If the housing surge fails then where is this economy going to go. But it won't.

  • Reply to

    raystock downgraded C from buy to sell today

    by johnboy2680 Mar 27, 2014 1:23 PM
    mustangsny mustangsny Mar 28, 2014 7:48 AM Flag

    C will shine in earnings going forward. Just another bump in the road. Wait for earnings over the next few quarters. C is poised to be one of the best stocks for 2014/15 to make huge gains in it's value and is positioned as a global bank to capitalize over the world economy that will grow over the next decade. This is an absolute BUY. All this nonsense regarding the qualitative protections will make C more attentive to their global business and make them stronger. Six months from now no one will remember this.

    Sentiment: Strong Buy

  • Reply to

    The way it is

    by bobbibedahlia Mar 28, 2014 7:05 AM
    mustangsny mustangsny Mar 28, 2014 7:30 AM Flag

    Agree, This company because of the reasons it was rejected, meaning emerging market business which other banks do not have, will gain momentum as the world economies gain in 2014 forward. The Fed has been much tougher on Citi because of the emerging markets. I think Citi will resubmit and get somewhat of what they asked for. Look toward their earnings which I think will be blow-out numbers and show that they are on the right path. I own both Bac and C along with San and I think C has the biggest potential right now in terms of stocks that will grow in value. I think C can more then double over the next two years. GLTA

  • Hov's senior ratings go higher from Moodys but stock is down almost 5%. Crazy

  • Reply to

    jp morgan downgrades hov to sell

    by bzhdelists Jan 7, 2014 11:27 AM
    mustangsny mustangsny Jan 7, 2014 12:32 PM Flag

    where is the press release on this.

  • Reply to

    hov DOWNGRADED to sell

    by regainingallgaranteed Jan 7, 2014 11:27 AM
    mustangsny mustangsny Jan 7, 2014 12:31 PM Flag

    where did you get your info to verify

  • Somebody told today that RS may replace SR at Fio. They say the BOD was very impressed at the way RS took on the challenge at OCZ. He didn't waste any time showing the real value of OCZ and protecting the shareholders interest while he burned through all the cash and inventory in less then a year. Now the BK court would even entertain a bonus while he is still getting paid as CEO is the utmost chuztbah. What is he getting paid for while he is there except for the fact that he destroyed the value for shareholders and drove the company into the ground with his incompetence. This sets up another lawsuit if this happens. It will be interesting to see what develops.

  • HOV cc was good. Things are on the upswing. Good numbers all the way around. These Analysts get hung up on the 1st quarter but bottom line is that this company has got there s---t together to move forward and overall to be profitable for 2014. Time to buy more. I can see at least 9 by year end 2014.

    Sentiment: Strong Buy

  • That is the question. I have owned this stock for well over a year and to be frank , it has been the worst experience I ever had with a stock. New Management has been at best lackluster and now seeing this stock into single digits makes me feel that all the hype from management past and present was only a temporary driver when this stock would fluctuate in a day almost 2 points from the bottom to the top. Even with the high margins they cannot make a profit. I am perplexed as to what it would take for this company to make money. Now with a downturn in revenue from projections that were given a year ago it looks to me that competition is cutting and will cut into future revenues and profits. And now with Robinson indicating that growth will come with reduced margins how in the world is FIO going to grow and make a profit. I really do not think that management has not been up front to the shareholders and if they had major wins have not conveyed that
    to the market. You listen to these guys on the CC"S and after all the big words where you would think they really know what they are doing as you go through the numbers you ask yourself why haven't they takem steps by lowering some R & D and expenses to at least show the financial world that they really want to show a profit. All they do is come up with excuse after excuse as to the y"s but no answers. If they do 110 million for the quarter at 55% plus you would think that they can show a profit but they don't. I think guys like Robinson is like the a Ralph Schmid of OCZ and have no ideas as to how to show a profit. Look what has happened to OCZ. They ate up all there cash and good inventory , left their niche market w/o having an alternative that worked in place , all within 9 months and now BK. None of these guys are businessmen .
    and wouldn't know how to show a profit no matter what numbers the company comes in with. In short clueless. I think FIO is broken now and the BOD needs to bring in a no bs guy

  • mustangsny mustangsny Nov 30, 2013 10:58 AM Flag

    This is a bunch of bull. When a company tells you it is going to liquidate the value of the assets drops to maybe 10 to 20 cents on a dollar. They have no money to pay there people, bills etc. They cannot continue. RS did a great job in destroying what assets they had when he started. He virtually put this company out of business with just being incompetent. Deals could have been made with WFC, Vendors etc., instead of just #$%$ the money away and fire sailing the inventory right at holiday season. He was not smart enough to use the leverage he had when he had it to help this company survive. This company is done now and no one is going to come in and have a bidding war. Probably the only reason Toshiba is bidding as a total package is that it will be easier for the BK Judge to close this case asap. Don't buy and save your money.

  • mustangsny mustangsny Nov 29, 2013 2:39 PM Flag

    you are crazy. OCZ is over, get it. It's common to buy the assets free and clear out of BK. This way no one can after Toshiba. They get the inventory and assets clean. Shareholders are screwed here anyway as Hercules held a security interest that RS gave him, remember. If you want to throw blame speak to that idiot of a CEO who is clueless and incompetent. I bailed a while ago after listening to RS on a CC. After all he was on the BOD since 2011 so he knew what was going to begin with and he lied or he is plain stupid.

  • Reply to

    My question? Why . . . .

    by longpickuptruck Nov 27, 2013 7:30 PM
    mustangsny mustangsny Nov 27, 2013 7:36 PM Flag

    because the new ceo didn't know what he was doing and sold off the inventory below fire sale prices and didn't know how to partner with his suppliers to keep a flow going. He also abandoned his niche market thinking he could enter a new business ( enterprise) within a short period of time. Bottom line is this is what you get when you put an idiot at the helm. He didn't care about the shareholders and now everyone loses. Plenty of businesses have problems and that is why you need a guy in the know as to how to reverse and weather the storm. The shareholders should sue the BOD for letting this happen.

  • Toshiba is offering to buy all of OCZ's assets in Bankruptcy according to Tech Trader Daily. Trading is suppose resume at 2:30 PM. Hercules has seized Ocz's bank deposits . Holding up the deal may be
    RS asking for a retention package for key people. Supposedly being worked on this minute. Maybe they will give this idiot a board seat. If you look at my old posts I warned that this guy was an incompetent and not for the shareholders. He gave away the business, inventory and did everything a business would not do. I lost money on this dog but bailed out over the last year after listening to this fool and his lies. Now the law suit will be a non event as the bankruptcy will protect the company. They should have sued all the BID and CEO personally. If this company was in China they would take RS out and try him and then shoot him. It is very upsetting to see this happen as this company could have partnered and survived if they had an intelligent person running it not a fool.

  • mustangsny by mustangsny Nov 20, 2013 10:48 AM Flag

    What a Shame to see a company that could have had a chance, go down the drain because of the stupidity of the BOD and Management. They had cash, Inventory, niche market at lower margins and an enterprise business that was non existent. They thought they would enter the enterprise market but jumped the gun in their exist of the retail market and shot themselves not in the foot but in the head sacrificing and taking a bath on inventory that they sold at below fire sale prices and not holding on to that money to use for a gradual transfer from one end of the business into another end. They completely misread who they were and what they could do over the next year which is typical of people like the CEO who had no dog in the game. The BOD must have been brain dead as there concern is all about not being sued. They turned inventory into money not to rebuild the business but to pay the bank and then took on a new loan and hocked their assets and a loan that has so many covenants there is no way they are going to be able to move forward with. This has been nothing but a liquidation without filing a chpt 7. All of these guys should be sued for not protecting the shareholders money. WHAT A SHAME.

  • mustangsny mustangsny Nov 18, 2013 8:47 AM Flag

    Strong presence in Latin America and Europe. Well run bank and stick with it. If you own enough stock you will make a lot of money in the next 3 years. Re-invest divs as there is no foreign tax.

  • mustangsny by mustangsny Nov 8, 2013 11:13 AM Flag

    After all the dust settles about Mreits pricing, the value now is very good. Selling below book and above 15% interest rate after taking a beating this stock is a buy now. The stock is so oversold at this point it is ridiculous as the 10 Year is not going to jump above 3% and all of these Reits have been adjusting their portfolios the past 3 months. I think now is the time to buy this stock, Down almost 6% today based on the rise on the 10 year. Do not believe they will let it rise much more as housing and finance will lead economy going forward. If not we are in big trouble.

  • Pwe beats on top line and bottom line rev. Good report for qtr. Also sld non core assets 445 million

  • Is RS threatening to resign unless he gets a raise. They should give him one as he did a great job for Wells Fargo and all the Vendors. Yes, A great Job. Very knowledgeable guy. No matter what you think RP did business but wasn't an administrator. RS is neither and the BOD should be very happy with there pick. Too bad Icahn was not involved as he would of asked the board and RS all to resign way back when.

  • Yes Barrons that great and well informed stock paper picked Fushion as their stock of the year and now maybe it's OCZ. Maybe that is why the stock is going down. RS has done a great job and has given shareholders good value. I think he represented the creditors of OCZ instead of the shareholders. I am sure he will move on to his next turn around situation. He's an expect you know. Where was the BOD in all of this.

  • Reply to

    Better Deal Terms???

    by fredrickson01 Oct 30, 2013 9:28 PM
    mustangsny mustangsny Nov 1, 2013 11:56 AM Flag

    Bry is better taking the deal as 1- Nice dividend and 2-Price gap will close. Otherwise based on their eps this stock with their existing dividend will sell for under 35 per share. They are better together. Watch and see the price gap close over the next couple days. I do not believe that line will offer more.

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