The risk of I/E bank closure is mostly priced in now. Nearly $10 billion already taken off the market cap due assumption that I/E bank will be shut down. Very little downside left. Plenty of upside. Especially since most of Congress wants to re-authortize I/E bank. Tea party holdouts will be overun by lobbyists with wads of corporate cash in hand. Bank on that.
Sentiment: Strong Buy
His credibility will be legendary and his reputation stamped forever high among the gods.
However, if Matt is proven wrong, it will be a long road to recover any credibility.
The dichotomy couldn't be more clear and treacherous. What an amazing gamble on his part. He is currently sticking to his guns, so I have to root for him. The underdog. Poor fella.
Sales growth actually decreased from last year's Q2. This was their seasonally strongest quarter, and instead of making a big splash, their sales declined. The company had given guidance last October of 10-12% annual revenue growth. Now, the company is in danger of reporting negative revenue growth for FY 2014. What in the world is going on here? If I wasn't cut off by the moderator, I would have asked some hardball questions on the conference call. I didn't even get a chance to join the queue before the moderator ended the Q&A session. Oh well. Maybe next time. If there is a next time. I noticed no questions were asked about the reverse split. Maybe that's off the table. I don't know. But their authority to do reverse split expires in October. They had a long enough time to pump up the stock price to minimize the split ratio, but the stock has just floundered all year. Too bad. We'll see how the stock reacts to this awful earnings report. If it doesn't tank, I think the bottom is in. Could be no sellers left cause they all abanded ship already. We'll see.
"Is it not a great gamble for any analyst?"
No. Not when they are all together in a herd, like buffalo. Safety in numbers. That's how the street works for the most part. If they are all wrong, then no one individual can be wrong. Safety in numbers. That's why you see mostly all buy recs or mostly all sec recs on any given stock. It's never a normal bell distribution.
"...Analysts know nothing. They have now way of really knowing what ships."
Matt Margolis is an analyst. Does that mean he knows nothing too?
This stock got smashed to smithereens last month, and you're happy because of a little relief rally in AH? How much money have you lost last month? You aren't even close to break even from when those negative sapphire reports came out. Maybe you guys should throw a Vegas Party when you break even in 2016. Lol.
I sold this POS at $17.50 while Matt was saying "buy the dip". Now I have all the time in the world to get definite confirmation of Sapphire in iPhone 6 and still get back in for less than what I sold it at. No thanks to Matt. He can keep buying the dips to single digits for all I care.
Stocks generally don't crash 15% on a hold recommendation w/ a maintain PT. I think the street is reading between the lines, and interpretting the same way Karen Finnerman is. The street sees this as a tip that was generated from the horse's mouth. That's why the big crash today, I think.
Don't forget, Matt is not plugged into management like the mainline Wall St analysts are. He is not on line at the feeding trough, so he has to rely on gumshoe tactics. Usually it's better to just have straight access to the horse's mouth. It may not be fair, but that's Wall St. And btw, nobody can sue and win, because the analysts "predicted" this in plenty of time. Everyone had a chance to sell above $17, even after the analysts warned.
This is very positive news. Stock should be above $.30 right now. And then when TekFit sales numbers are confirmed, stock could hit $1.00 or more by mid 2015. This is the news we have been waiting for for years. It will be interesting to see how long it takes for the street to pick up on it. Those who have been following this stock for years get the early worm and know what this means.
That means the selling intensity is totally overpowering the buyers, and the true floor is lot lower than here. Be careful.
Yeah, it's Matt's rumours against all of Wall Street's rumors. Take your pick. Just remember who is plugged into management and who is not.
I will give him that, regardless of how this turns out.
Feel sorry for anyone who bought based on a YouTube video. This seems like another Himax P&D job. Round trip started just when all the good news was finally released. Google glass/Saphire Glass. These PTT snake oil merchants will latch on to anything new and shiny and take it for a ride all the way back to 1st Street.
The best hedge fund manager in the world reported in Form 13F that his fund increased their position in FB from 478,500 shares to 3,585,329 shares as of 6/31/14. He probably bought at an average price somewhere between $60 and $63. Facebook now represents one of his top 10 stock holdings in the Appalossa Fund. This is a big change from March, when it was his 3rd smallest position in the fund.
For some reason, this stock gets no respect even when good news hits. Ever since Eric Cantor, Israel's mole in the US Congress (and Notorious IM/EX bank supporter) lost his election to a Tea Bagger, this stock has been sold off into every rally. I wouldn't be surprised if it closes in the red today.
It's by way of one-time payments from Apple. Not recurring revenue. That's why the shorts have their number. And the longs will keep scratching their heads for a long long time.