Anyone who claims MXWL is getting ready to declare a dividend knows nothing about how growth stocks operate and even less about MXWL- 0 credibility and on ignore going forward.
I have been in and out of this stock for last 17 years. It has always had a large % of stock sold short- ranging from 2.5 million (when it had smaller float) to current 3.5 million at last report. The explanation for years was the short was an arbitrage against the 25M convertible bond (since retired). The short had a chance to cover in the $5 to $6 range in 2003, 2009 and 2013 and did not- of course it might not have been the same guy- but the total shares short has remained pretty consistent over all these years. Not sure if the guy is finally covering- but if he is- he is probably looking for a new job.
Piper Jaffray analyst and Maxwell: PJ you know we are very interested in your Investment Banking business once you get this thing rolling- MXWL yes we know- PJ we are thinking about upgrading your stock to overweight like we did last February and that did not work out too well for us- MXWL we seem to remember that- PJ we were hoping for some reassurance we won't get sandbagged again this year re Q4 and fiscal year 2013 when you report on 2-20-2014- MXWL ????
MXWL never warns- see Piper Jaffray upgrade to overweight February 2013 and company postpones earnings release a couple weeks later and stock goes in half. It is my experience companies are more forthcoming in dropping hints to analysts who follow them than to general public- if there ever was a time to warn- last Feb would have been it.
The earning release postponement was just the tipping point- Piper got sandbagged like everyone else. If you have been around this Company as long as I have, you will find they keep coming up with new and puzzling ways to screw up what could be a very compelling investment opportunity.
on 2-4-2013 Piper upgrades MXWL from neutral to overweight- stock is 10 and change. Company postpones earnings release and two months later stock is 5. Think we will have better luck in the replay??