Shares going to $5, dividend is history.
This management is going to sink the company.
Their strategic plan was simply telegraphing more pain in the near term and quite likely longer.
good luck and I hope you can get some shares...it is a good opportunity. bank is doing very well with growth in earnings and the dividend is hard to beat in the current environment.
I'm looking to get more shares as well...I may be asking for too much to see them below $8 again.
I was getting shares in the last few minutes at $8.12 and $8.15. The $8.12 doesn't show as low of the day because they gave me less than 100 shares at that price.
Now, as far as the ask, market maker was playing a big game...most of the time the ask was at $8.75 and up. He was filling at the bid with 100 shares every couple minutes. For a moment he lowered ask to $8.35 and I jumped on it...he filled 100 shares then moved the ask to $8.98! Thankfully over the next few minutes he filled the remainder 100 shares at a time.
I remember the last time they did this, and this time I saw it coming. There may be another opportunity on Monday as it might be a big down day for all the markets.
I think I may collect on that steak dinner towards the end of the summer. Historically we'll see the highs around that time of year. However, if you are able and not overly loaded with EVOL shares, you might consider picking up a few more below $6 to bring your average down. You have been assured that the dividend will be maintained, so I believe there is little downside over the near and longer term. Will the shares test $5.25 again? It's a possibility, as someone else said when year end comes around. Will the shares test $5.00? I very highly doubt it.
I think that Q4 is going to surprise to the upside on both top and bottom lines...the $500k won't matter as it will be tossed aside as a one-time non-recurring expense and not affect adjusted earnings - which is the basis for comparison to analyst estimates.
I agree that 2016 is going to be very good all around.
I plan to buy more on any pullbacks between now and year end.
Dividends are paid out of cash flow, not after tax earnings.
At $8, the dividend would be above 5%. I believe that is too low. With 50 cents/share EPS I think we'd be looking at a share price closer to $15 because as the company turns in quarter after quarter of increasing earnings to get there, interest in the stock/company builds, the analysts get interested, and again the dividend. This is exactly what we saw 2.5 years ago after a soft quarter. The shares were taken to where we are today (with a dividend 25% lower than today), and over the next year made a tremendous comeback and the EPS barely covered the dividend along the way (again, it's from cash flow).
Anyhow, the company shows that the business continues to be strong and that unfortunately investors continue to get hung up on the quarter to quarter lumpiness, which was also exemplified by the caller questioning for guidance. This all simply provides continued opportunity for those who can be patient along the way.
Moving forward, maybe SSM can smooth out some of the lumpiness and provide the ability to show continued growth even when we invariably get a slow quarter or two on DSA licenses.
I will likewise be buying more.
Conference call was very good. Last quarter and this quarter were the bottom. There will certainly be more wins announced in the coming months.
Very confident that standalone EVOL can support the dividend. With growth and the acquisition they believe the dividend is able to be supported in addition to the company's growth aspirations.
they trashed the shares last quarter with their downgrade. now, with shares about 40% lower and the turn in the bookings, they will likely upgrade very soon. analyst is on the call and asking a few questions.
I've bought more at similar points. I'd love to push all my chips in right here, but will restrain myself and just be patient to see what's reported.
company isn't headed to bankruptcy, and will most likely declare the regular quarterly dividend with the earnings this afternoon. the trading since the PR of the earnings date has simply been continual selling...all technical.
there is some decent buying taking place. however, someone or some systems are filling them all and just pushing the shares lower. maybe they're just blindly shorting at this point?