The NCCI pricing issue is a factor. Luckily the company shifted away from so much Medicare-dependent business, but it has hurt. The big price drop on November 3 does make it seem as if a lot of the stock price weakness is related to Covance being acquired, and for the potential for NEO to lose that business. And I would like to see them use that 30 million for something other than general corporate purposes.
Right now there are 30,000 shares for sale at 4.43. We need to get rid of that seller.
They list Steve Jones as the contact. The phone rings but no one answers, and it doesn't roll over to voicemail. The share price has fallen over 20% in 3 weeks. To no one in particular, please don't say it, I know you don't care if it falls to $3 since it's going to $15. I agree that price fluctuations are irrelevant, but this type of decline isn't a good sign. Maybe we'll get support at 4.31.
In the conference call when they spoke of the 1 millions devices that will generate $1-$5 per month each, are those part of the gov't contracts, or is that new business yet to be announced (other than it's in the works)? TIA.
Insider buying in the open market is always a good sign. But they can't do it if they have access to significant information that hasn't been made public yet. It's almost a given that NEO is actively pursuing another buyout or some other deal. And they are probably trying to make sure the current Covance partnership stays intact. And I assume they are tabulating the prostate results as they come in. I'm frustrated with the low stock price, too, but I suspect there's a lot going on behind the scene. One of these days we'll get a PR.
Yahoo uses the financial statement for the balance sheet items. See the "mrq" notation after the cash - "most recent quarter." The secondary was after Q3 ended.
I have owned MPW for years. But the last conference call was the first time I've been enthusiastic about it in a long time.
Sentiment: Strong Buy
Intriguing comments, forget. I didn't sell what I held, and I added a couple more shares today. So I am asking this out of curiosity, not concern over what I own.
Without asking you to reveal what you think might be in the works, can you share (1) how likely is it to occur? And (2) if it does, how big will the news be?
The day before the price went over $5, there was buying into the close to take it over $4.90. So it didn't surprise me that it went over $5. But I am surprised that we fell back this far. So be it, small caps get pushed back-and-forth in between news.
I don't know if we'll get news before the next earnings report, but if we do, people will regret selling here.
The poster who said he was cut off and that management refused to answer his follow up question, that is extremely misleading. When the mgt team is going "hello, hello, what happened - I don't think we answered his question" - it's obvious they felt they were cut off.
And for those that want to know what music was that kicked in when it occurred, go to YT and search on "Edward Grieg - Morning" and you'll hear it. Do I get trivia credit for that?
As for the question, that is an editorial comment not a question - "If you really thought things were so good you'd hock your house and pull your gold tooth to buy more stock" - it's a red herring. I see this time and time again on mb.'s. It's a b.s. argument. I had a bad day at work and don't feel like addressing it more than to say it's b.s. the mgt answer was sufficient, IMO. But I can add to it.
Then finally, as for the company providing guidance on earnings, go buy PG and JNJ if you want to-the-penny earnings guidance. For goodness sake, they're going for the home run. The QB lofts a 50 yard pass in the air and some clown in the stands wants to know what the yards-per-play stats are going to be each quarter. Let's see if the receiver (who is wide open) looks it into his hands - then we'll do the stats.
I just listened to the conference call. I expect a selloff tomorrow based on the after hours trading. If so, que sera sera. I'll try to pick up a few more shares. I'm not going to go into my personal "coulda woulda shoulda" stories where I didn't make big gains on an investment because I was impatient. All I can say is that WYY isn't going to join that list.
They always round to the nearest cent. So .003-.004 would be reported as .00, and .005-.007 would be reported as .01. I'll take either, but a positive .01 would be a great headline.
There doesn't seem to be any froth in the stock. A fast growing company selling at 2.2X sales (which is after the recent dilution) is a modest valuation. It would be ridiculously low if they were profitable. I think the PPS reflects what a lot of people seem to be posting about not expecting much from earnings for Q3 (small loss).
Not knowing what the outlook is going forward, large investors don't seem eager to bid up the price ahead of the conference call. If there is a surprise on Thursday, I think the odds favor a favorable one. I'm optimistic. But if they report a small loss, NBD. Another speculative stock that I own had a .01 loss for Q3 and it didn't concern me.
I'm new to the stock, so I'll be forming my own opinion on mgt. after hearing the conf. call. Assuming there's no surprises in the rear view mirror numbers for Q3, my decision on whether to buy more, hold, or sell, will hinge on the call. As companies approach profitability, it's not always a linear progression. But I will expect mgt to be eager to talk about the future.
ggrail didn't bail on us? I guess you could have posted, "the report of my death was an exaggeration". Don't let the hectic pace of your job get to you.
It's real, but only 3,000 shares traded at 1.59. But rather than dismiss it as a small sum...maybe the buyer was someone who only had $5,000 to his name. Perhaps it's a kid who made the money mowing lawns. And then his check didn't clear until after hours. And perhaps he is a savant trader who said "I don't care what the price is, I want in before the weekend!"
If it's the trade of a lifetime, what difference is it is you pay 1.59 or 1.51 (the price I paid for 3,000 shares this morning)?? Sort of like when a 13 year old Bobby Fischer sacrificed his queen and beat the chess master Donald Byrne in "the game of the century".
jj, what is you best guess on the odds of a successful ruling? And what is the downside if it's a goose egg? TIA.
Thanks, ggrail. I'm not positioned for the big payoff that you are, but I am long. Added today at 1.51.
B RILEY had to remind everyone that a secondary was just done in the 1.40s. Morons.