then you should sell - if you don't think the shares will ever get back to breakeven for you, then why are you holding? And why is it a pig? Did the company promise something it hasn't done/deliver? And why did you buy at $3.90 in the first place? Things are only getting better as time goes by. Is it a pig (in your view) because shares are lower than when you bought?
I don't think your situation is so bad - you're going to continue to collect the dividend. I assure you, the shares will go back above $4 and much higher. Eberwein was not buying shares in mid-$2s for a measly $1 gain and 6% dividend. The dividend is just to provide some income while growing the business and making big money on the share price appreciation.
I don't understand why you would think shares wouldn't get back to $4. One good earnings report and shares are back at $4.25-$4.50 and higher.
You need to have patience through this quarter and next. Towards end of summer it should come back to life.
Nice thing about the next two quarters, as they are seasonally slow and generally show losses - if they can make some progress in cutting costs and reducing the loss, it will have a good impact and shares may show some life earlier than usual.
If you're not tapped out, or are open to picking up more shares, now is a great time to average down...market seems to be indicating that anything below $13.50 is a really good buy.
Won't see anything close to those numbers - have share put in place with PE firm - they are buying whenever shares get close to $1.50 though sometimes you can catch a dip below. Also, last buyout offer was for $1.60/share from Matrixx when performance was not as good. Any purchases below $1.60 is really a bargain.
You just continue to make up the garbage and then demand facts from others. You said the company was not restricted from repurchasing shares at this time - did you not? I provided you with a quote from "one of the largest,most prestigious and highest-grossing law firms in the world" and just proved your statement to be false.
"The insiders know what the earnings are and have sold shares in the past few weeks."
And, you posted that the number of shares sold were insignificant in relation to the number of shares they continue to hold - did you not?
Excuse me for saying, but by the looks of things, I am guessing you recently sold your shares and now are going to post all the negative things you can dream up - regardless of whether they are facts.
"A company is the “ultimate” insider and therefore, concerns about purchasing shares while in possession of material non-public information are magnified. If any director, officer or employee of the company is in possession of material, non-public information about the company, the company should not be repurchasing shares."
"The company is not restricted from purchasing shares."
Please provide your source for making this claim.
Yesterday you posted:
" Also, insiders selling at low prices."
Maybe you need to re-read your words on this thread to refresh your memory why the insiders selling such a small amount of their shares is not a big deal.
Your facts are mostly just conjecture and personal opinion.
End of year filings are done later than quarterlies - fact. Regardless of what you think regarding the size of the company and what you believe should be known and when, they file when they file. Most all companies make their quarterly/annual filings the same week every year. It is easy to verify that VIDE generally provides theirs the last week of May and that will likely be the same this year - fact.
"Why isn't the company scooping up shares at these low prices if the stock is so undervalued and why is there continued selling and no buyers?"
I just posted the reason, but maybe you missed it. You said it yourself - the quarter is over, the company knows the results and has not yet released the results ("material non-public information"), therefore they are likely unable to be buying shares at this time. Do you know otherwise for a fact?
I suggest you consider selling your shares, assuming you do own any, and ending your agony.
Bought on the dip below $9.50 today.
Typical quarterly volatility upon earnings announcement regardless what company announces. They announced good numbers today so shares should easily go back to $10+ in next few weeks. May even get some upgrades.
Think whatever you like. The 67,000 shares are not on the ask this morning and the ask is higher than it was at the time yesterday. So, obviously, if it was a real sell, they didn't want to do it very badly - and if they really wanted to sell, they could have easily lowered the ask...a couple thousand dollars wouldn't make any difference to them.
Company has been extremely transparent over the past few months about what they were doing, and they've done it.
Due to end of quarter/year and timing of coming earnings report, company may be restricted from repurchasing shares at this time.
Do you watch or have access to Nightly Business Report? I think replays may be available on hulu or PBS.org. If you didn't see it last night, you should watch it - they did a pretty in-depth review of Yellen's speech yesterday and she made it 100% clear that the Fed will be extremely accommodating - holding down interest rates for possibly another 2 years while employment picks up. She indicated they would not let rates rise until we have full employment (5.2% to 5.6%) and we are currently around 6.5%.
I think after you watch, you may have somewhat less fright that we are at the beginning of a huge bear market. We will eventually have a correction, and it could easily knock 1000 to 2000 points off the DJIA, but I don't think you should be highly concerned about a huge bear market.
Anyhow, something to consider.
here are all the trades from yesterday - as you can see, only a couple hundred shares made it go whoosh - because there was no bid at the time looking to buy. the trade at the top is end of the day, bottom is beginning of the day:
$3.51 ... 100 ... EDGX ... 04/15
$3.54 ... 65 ... NSD ... 04/15
$3.35 ... 100 ... NSD ... 04/15
$3.31 ... 100 ... NDD ... 04/15
$3.309 ... 500 ... NDD ... 04/15
$3.31 ... 100 ... NDD ... 04/15
$3.30 ... 150 ... NSD ... 04/15
$3.55 ... 100 ... NSD ... 04/15
$3.55 ... 415 ... NSD ... 04/15
$3.5504 ... 400 ... NDD ... 04/15
$3.55 ... 400 ... NDD ... 04/15
$3.5504 ... 100 ... NDD ... 04/15
$3.56 ... 200 ... NSD ... 04/15