This is how wall street works. And how the top 1% in this country get all the wealth. They lay people off then pay a board member $75k a month.
There have been some big blocks since the announced the court approved the buyback. I have a feeling they have bought quite a big already. At the 12/31/2015 report they have to report their purchases, so we can see how much has been bought.
I don't it. ALLT has a $165m valuation, with $120m in cash. It is valued at less than 0.5x sales on an EV basis. And they are buying back stock at these levels. And yet the stock still sits at $5 a share, while Sandvine stock has been rallying. Is there something wrong with ALLT that we don't know about? Their last earnings report was solid and I don't see this company going under or anything. They even generated cash last quarter. I am surprised there haven't been any offers and no bounce back to $7-8. Even PKT had a bounce!! And PKT was a joke.
Not all expenses/income affect the cash position. That is why earnings are always different from the change in cash position. You can have negative earnings and still generate cash from operations, and vice versa. Not all expenses hit the cash position, only the expenses where there is physical cash being used.
Opened in the $6.20s. Then it shot up and hit $6.64, only to fall back all the way down to $6.00. This is very extreme price action and the type of thing you see when bottoms are forming.
Correct. That is why on the balance sheet Inventory is under "Inventory" and Cash is under "Cash and Cash Equivalents". A write off of inventory would reduce the "Inventory" line of the balance sheet, not cash. Assets would be reduced, but not Cash.
No one knows when that point is, or I suppose if DDD goes under (which looks more and more of a possibility) they won't ever have to. But I would think at some point this could see a major pop once the short covering ball starts rolling. The issue is when is that going to happen? I think one of these days this out of nowhere sees a 20-25% increase. Maybe more.
Think about it. $1.4b in combined revenue, and right now if you add up the valuations of both stocks it is under $1.9b. They could combine, and cut out redundancies and save a lot on expenses. I would think that combined company would be worth a lot more than the current sum of each individual company. Is this a crazy idea? The 3D space has been left to die and this combined company could come roaring back.