to be trading at $38. it is certainly baffling. the only explanation to me the stock repurchase is at bringing it up to $38 on weakness creating a strong bid or there is a fund buying up to $38. the short term chart indicates another pullback a couple dollars. still range bound and lacking immediate triggers to get much higher. the chart is setting up for break out of the range within a month or so.
maybe he will announce a new set of executives coming in who know how to grow a brand at national scale. imagine. x was formerly with x and grew sales from x to x in x years. as opposed to after 2 years in the kombucha market, we now control 1% of the kombucha market. and everyone is amazed at how awesome i am.
what else is there to say but to hope? i personally think the product line is horrible and sales prove that. they offer nothing for the 2015 market and the growth prospects are poor. i hope they sell some product and turn a profit after blowing tens of millions of dollars marketing and selling a generic product with chemical ingredients that people dont buy. i have not seen a shred of evidence that j. clueless is on the cutting edge of anything other than issuing herself below market stock. all in my butt. all in means you buy at market, not that you print yourself stock certificates that are instantly profitable. but hey, greater fools.... for those who bought low, they should be happy with performance so far as the stock came off the lows enough to make a profit. i expect this q to show signs of bottoming and another loss. i also expect lower yoy sales. if the company was private, it would have been bankrupt long ago.
evidence that they were acting like a start up and trying to blow the product up. honesty would be a nice change. absence of excuses. some shred of evidence that this product is being taken seriously after a decade of being a joke. some evidence that shareholders are not lambs for slaughter at a client's meat production facility. actions speak louder than words and so far i am not impressed. hey, if you bot this at 50 cents, you have to be happy. if you bought it at $1.50 you have to be pretty irritated with yourself for believing the hype. then they register 20 million shares and say, hey, get ready to bend over.
the opposite company has insiders buying, dont give away free shares to insiders, exceed expectations, etc. the opposite of pure. look at facebook and all the hate they put up with in the media on the ipo. up 300% now because they kept promises and overdelivered. whatever. maybe next year. maybe after the 20 million shares are sold. we will see how they do. i am just saying, if it is more bs, look out below.
and i dont think they will - the stock is going to get crushed short term with people selling for the tax losses. this should have been a big year for the company and shareholders. maybe next year. or 2016.
i hope they have their act together. it would be a first.
lol. they have food safety issues because they dont regulate or enforce food safety. it will be ages before they have a real concern for food safety. The US barely has meaningful food safety regulations and food quality is non-existant. china is no market here. i am not even sure about the US market. frankly, the poor reaction to their news stream is showing that few investors believe the story. right now this is a 4 million dollar company masquerading as a 45 million dollar company. but it looks like they are staffed by part-timers in a small office with a few people working and dark on weekends. stop by the office at 6pm. i bet its dark.
that would be a great affiliation actually. esp. since they are so about breast cancer awareness, but dont do anything about breast cancer actually. mygn will not put 2 and 2 together for this exposure though. they couldnt even sign jolie and she probably would have done it for nothing.
newt, i would expect after a fashion that a big house is going to give them an upgrade. but that will not happen until they have bot all they wanted and looking to unload at high prices. yet at the same time, you have insiders selling. it is very odd.
i would think the long term options would be a nice buy now. i think the mygn analysts will be weighing in soon on the what they believe the size of the market for prolaris is.
233k new cases per year in the US. 41k in the UK. maybe 300k EU wide.
so in the US half coverage is a billion a year? plus retesting you have figure $400 million? it is not insignificant. with overseas expansion it is a billion a year in gross revenue. and it will save a billion plus in reduced surgical procedures and better outcomes. seems to me that eventually its worth another $40 a share and it should happen fast. guys do not want surgery if it can be avoided. i also think that prostate cancer in women can be nearly eliminated in our lifetimes if we all support charities seeking funds for that mission. give generously.
good name calling there. you are somewhere around the first grade level, circa 1962, without much creativity. but, you seriously think that the volume numbers are indicative of actual volume? try and speak to a trader with professional experience. like someone who worked at a trading desk. market makers will manufacture volume all the time. a single day trader can register significant volume without any change in share position. people dont trade zero volume stocks. jsda on most days is unchanged. it is not a coincidence.
and when you are insulting people who are less wise than you are - in your mind - be aware you are spouting about a piece of junk, micro, micro cap soda company that has fallen 99% and is an inch away from chapter 7. you are not working at goldman on the ipo desk. you kind of come across like a real d-bag.
lol. dont think you are unique. there are analysts who understand what it means. however, the company has really downplayed prolaris in conf. calls. i dont know why. it seems to me a big deal to have the test and it seems to me to be able to transform the treatment of prostate cancer. how you keep that out of the news is testament to the genius (if they are trying to silent) or utter incompetence (if they are trying to spread the word) of the marketing and PR people at mygn and their consultants. i am going to assume that they trying to prepare the doctors first, then go very public when the physician market is ready and educated. prolaris outside the US? myrisk outside the US?
it is more than a little weird how mygn is trading now. you have this massive and stable short position with no real downward momentum and guidance already built in. you have a very real threat of the company altering guidance based on wider than expected interest in prolaris (if this is in fact the case). you have actual greater interest in myrisk which should eventually translate into revenue and profit increases, especially with EU expansion. there is a ton of selling pressure over the stock at 39 supporting the short, but i dont see it falling to $32 without more downward revisions. weird scene man. i would think at some point the stock jumps substantially upwards, but i dont see the catalyst yet. pretty dumb that a bigger player didnt purchase mygn for its impending cash flow last year. maybe there are no potential buyers who understand the market other than the two big testing lab corps. if that is the case mygn should be more aggressive about buying smaller players. foundation medical seems a candidate.
i am not impressed by it personally. a non-event.
holder since 2005 and representing interests in china. so in 9 years he has not made any impact in china for the company. he is a cpa but i thought they were all about technically powerful food experts. so it seems a throwback to old times. frankly, so far, no one is too impressed by the announcements including the insiders at pure. seems to me there would be some significant buying by insiders if things were all that rosy. or maybe management figures they will just issues themselves free stock later on.
short term and medium trend is down with apparently very strong resistance at $39. i still think the near term path of least resistance is down. they will need something really major to change to break out and up.
i dont see what that could be. they lowered guidance, they announced prolaris. what else could be a catalyst?
very nice that you have had success with the investment. i wish i sold in 2001 and bought back. i would be retired by now. instead i am just tired.
bottom line with mygn is that they have struggled for a really long time and they are just now righting the ship after a decade of some rather poor management decisions and some very passive strategy. the science is good. however, this is a field with a lot of innovation and money. mygn needed to be more aggressive on many fronts if they wanted to be a dominant player. i think they are leading, but they are vulnerable to being leapfrogged and cheaper innovations.
here is a different take on it. (looks like a lot of money to me relative to market cap of the company now btw). would a company on the verge of filing bankruptcy sign a comp agreement like this? granted it would be a chapter 11 reorg. not a liquidation. seems to me that it is a fairly confident move by the company that they are not going away. but there is so much insider game-playing here and apparent dishonesty, i can't tell fact from scam. it is a move by the new ceo, i assume, to put a team in place that he is confident in. or its another back door pay-off?
shhh, stop with the facts.
look, the most important thing to the executives in public company is to ensure the salaries are paid. after that it is all gravy. for prior management, it was a huge success because they got paid. for shareholders, its a different story and the interests don't align except seldom. can pure make some sales, sure. cost per chicken will be low and i can see it being adopted. however, the largest restaurant chain in the world is only worth 2.5 or million dollars it seems. they say the whole market for disinfectants is 2 billion. honestly, it is a tiny tiny market. they will have to prove this is worth pursuing from an investment perspective.
i have owned the stock for 15 years. go back on the board and actually do some research. pre split #1 and pre split #2. i believe now i won 600 shares for each 100 i originally bot early on and added from there.
any other insights you have?
sorry, but that entire analysis is just flat out silly. i mean please.
"no competitor will ever have a hope of being competitive in this area."
i get that you own shares, but each point you make is like a hopeful little fairy tale. btw. would a big long position in a stock provide downward pressure?