" If I were running a $3bn Company for you and agreed to take a $100K Salary and stock options for .01 each if I can get the Market Cap above $5bn would that be ok?"
In an earlier post, I tried to make the point that Ricci and the BOD "boys club" atmosphere that they have engendered have absolutely NO incentive to do anything to get NUAN into the $30 pps area. They are far too complacent---and arrogant, in my view. There is no "fire in the belly", as it were. Why should there be?
NUAN is currently a 4.9 billion cap company and, if they continue at the helm, you can rest assured that it will continue to be thus. "Good enough" could very well me the motto for NUAN.
They don't impress me as having much concerns about the stock price or the investors in the company. I see no evidence to indicate that they have any plans that would project where the company will next year. In fact none of the management impresses me much at all. Which leaves any potential investor to wonder, "why should I invest in NUAN?"
Just because CI is "involved" in NUAN, to my mind is NOT a very good reason to invest. Is Carl just going to "wait them out?" I don't know if there is much that he can do, now that his shares are all the leverage he has, currently. Ricci is 56 years of age; entrenched management is v-e-r-y difficult to shift, if prior history is any gauge of the success rate.
No, Nuance Communications needs "young" blood, young in spirit, young in ideas and innovation at the top. Persons with vision, a mission and a desire to succeed..
NUAN has none of these virtues with "Ricci & Co.", just "hangers on".
It's NOT the company that resembles what you have called it; it is the entrenched management and the BOD. They have gotten far too rich and comfortable, complacent and arrogant, off the backs of the current investors in NUAN.
Recall how T.E. Lawrence became a hero to the Arab people, by uniting peoples and cultures against the Turks? NUAN needs this type of "investor".
However, I fear we are all out of the likes of Mr. T.E. Lawrence...
I feel that, as little of NUAN as I own, each day that I remain a shareholder, I am condoning [perhaps even perpetuating] the attitudes, ineptness and outright buffoonery of Ricci and the BOD...not to mention the blatant disregard they exercise at every turn, regarding their shareholders.
Thirty million dollars a year...for this?
"it actually is heartening they chose to work with Icahn instead of overtly fighting against him"
That is assuming that this is, indeed, the case.
To me, the current "glad handing" in NUAN's BOD and CEO rooms is a signal that this, whatever "this" eventually turns out to be, could very well take an eternity to resolve. Ricci is just 57 years of age; he has a whole lifetime ahead of him.
He has 3.1 million shares of NUAN stock and $30 million in "compensation" per year. Ricci is not going to turn over the reins to CI [or anyone for that matter] for a long time, I fear, nor will he acquiesce to CI's demands or nuances [forgive the pun] .
As long as Ricci is at the helm, NUAN is dead in the water, CI's involvement, notwithstanding.
Unless there is something being served up/cooked up in CI's noodle, NUAN is going to be in this current trading pattern for a very, long time.
That is an ultimatum that I can no longer tolerate. The thought of Ricci siphoning off hard earned investor's assets for doing nothing more than running NUAN into the ground at every chance is an abysmal and intolerable future for me to look forward to.
With the remaining years I DO have left, I'd rather enjoy them in the knowing that the next CEO, in who's company I own stock, will be respectful and responsible to his/her shareholders. Ricci is neither.
I'll have no part of this OR him any longer; I'm currently looking elsewhere.
According to I.B.D., the accumulation/distribution indicator is a quite bullish "B+". Iit tracks the relative degree of institutional buying (accumulation) and selling (distribution) in a particular stock over the last 13 weeks. Updated daily, stocks are rated on an A+ to E scale.
A = Heavy buying
B = Moderate buying
C = Equal amount of buying and selling
D = Moderate selling
E = Heavy selling
The rating is enhanced by "+" and "-" signs to show additional detail on institutional activity; a "B+" indicates greater accumulation than a "B" rating, whereas a "B-" indicates less accumulation than a "B" rating, and so on.
The other volume indicator, the "up vs down" is currently at a very bullish 1.6. It is a 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock.
The fly in the ointment is that the current 50 day M/A for volume is a v-e-r-y thin 185,000 shares traded per day. Granted, today was a bit of an anomaly, but the fact remains that PERI is a v-e-r-y volatile stock, for the time being.
Secondly, if you look at a chart, you'll notice that PERI is [almost] forming a "quadruple top"...closing very near to previous high which have been very strong overhead resistance.
Until PERI can not only break through but remains above, say $14.87, I personally would NOT be adding to my position here.
This comes from an Investor's Daily columnist, regarding Whatsapp...
"Users – growing at 1 million per day are quite active apparently…sending some 600 million photos, 200 million voice mails, 100 million videos every day……all for $1/yr….. and with growth expected to break 1 billion users next year – that is a fair amount of money…so $19 bil was a steal……What the……?"
Do you think FB might be interested in NUAN for $19 billion? O.K., how about $15 billion. Could someone ask, please?
Would love to hear about a $19 billion acquisition of NUAN as "...a steal".
Wouldn't we all, eh Carl?
Don't recall seeing you on this board before! Welcome. Thank you for the tip...
"i bought NFLX at $18 and sold at $24."
I bought NUAN at $26.71; at the very least, you've got a 33% profit in NFLX
Thanks, HRS. There is one who disagrees with you on that point, apparently. I really intended to have these shares go to my great-grand kids, but if the trend [since February '13] continues, there may not be much remaining to my NUAN investment!
One "good" quarter [or at least better than the previous] for NUAN really discloses very little, when considering buying OR holding. NUAN held the 50 day, but slid below it today---but on very low volume. To me, this could indicates that institutional investors may be buying in here, or at least, not selling. The 13 million sell yesterday may have been capitulation.
I'm watching a few indicators that may prove to bolster holding NUAN down here... if they change significantly, I'll report back.
You are correct i.alaric, the chart really looks bad down here. The one saving grace is that volume [since the January 14th $14.73 low] has dried up [except for yesterday] and the January low is support---for the time being.
It's really difficult to make any sort of accurate determination about buy more-or-hold until the indicators begin to show some [any?] life. Down 6% for the week...and it's only Wednesday.
Just my $.03---adjusted for inflation.
"I want you to get up now!
I want all of you to get up out of your chairs!
I want you get up right now and go to the window, open it, stick your head out and yell, "I'M AS MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE."
Great movie, "Network", wasn't it?
This from tomorrow's front page Investor's Daily...
Icahn Ends Apple Buyback Bid
"Activist investor Carl Icahn abandoned efforts to force Apple AAPL to more aggressively buy back its stock, citing recent stock repurchases and the recommendation of an influential proxy adviser. On Sun., Institutional Shareholder Services said holders should reject Icahn’s proposal for Apple to buy back an additional $50 bil. Shares rose 2%."
I fear that CI's "Midas Touch" may no longer cause investors to cow tow and genuflect as they once did. Perhaps, much to the detriment of NUAN's retail shareholders, as well...
How the mighty have fallen.
"Holding long for $28 at least and a 100% gain. I except to hit that level in 2014."
Overconfidence seems to have dulled your faculties, I fear. Had you been a long-term holder of this "investment", you would certainly have reconsidered your unbridled optimism.
The only way NUAN is going to double is if you take your stock certificate and fold it in half...
"Ricci is a first class loser and must go!"
How do "investors" go about ousting this pitiful example of a man and CEO, as RR has proved himself to be? My definition of Ricci's position as "CEO" is "Cretin Extremely Overpaid".
Investors [currently and for the foreseeable future will] receive no assistance from the BOD for their legitimate grudges and grievances. The "institutional investor" [apparently] is not in the "investment business" to also be a arbitrator between investor and management. They just buy a stock if it's good and sell it [or don't buy it if] it's not good.
They certainly are NOT buying NUAN here, if the indicators I monitor are correct---and they are, given NUAN's long-term management problems and woes. Why the hell should they---or anyone for that matter?
It's also apparent that CI has neither the inclination and/or the votes necessary to kick Ricci to the curb.
I just don't have the faith in anyone [currently] "associated" with NUAN to withstand another abysmal and damaging fiscal year with a company that is content with just staying on life support. None of the parties in question seem to give two hoots whether they excel or even STRIVE to beat the numbers or not!
NUAN, in my view has lost its mission, motivation and enthusiasm.
When three legs of a four-legged chair go...what happens??
I see NOTHING on the horizon that promises substantial change, at least that's the type of change that I feel is necessary. What could possibly keep me [or ANYONE] shackled to this boat anchor for yet, another year??
"NUANCE (NUAN), a speech and imaging software maker, said fiscal Q1 EPS fell 31% to 24 cents, beating by 2 cents. Sales fell 1% to $490.1 mil, vs. views for $485.7 mil. Shares fell 1.6%.
"Ricci is a really terrible speaker... and CEO"
What the hell do you want for your $20 million dollars anyway...Henry Ford?
The folks who got out at $16.18 were the smart investors...
I don't know if I can endure another year of this sort of incompetence from the BOD, Ricci and CI.
I don't know just how many good years I've got left.