Company with decreasing revenues. Barely profitable (making less than 10 cents a share and bought for $11 a share). Net of cash the buyout is around 3x current revenue. Hey PKT, can you please hold that 1.2 x revenue valuation? Nope, you can't.
Anger management? You are a happy shareholder? IE unangry? If you are seriously not angry right now, I don't know what kind of investor you are. Shareholders should all be HOPPING angry.
haha...funny stuff. Above 10 is an accomplishment? Really? REALLY?
Above 10 is about to end as well. Keep trying though with "no resistance to $12!".
My reality of this stock and it's issues is on point. Yours is not. And that is really not debatable.
Raging bull market, company announces 2nd largest order in company history, and shareholders get absolutely nothing out of it. Is this the breaking point as far as something needing to be done? Stock has not appreciated under Brear's tenure. Shorts control everything. IR is worthless. I am hoping this is finally the straw that breaks the camels back and that "it will take care of itself" is not the right mindset. To announce a $5m order and have the stock not appreciate even a little bit while the S&P 500 hits all time highs and NASDAQ hits 14 year highs is just NOT acceptable. It's sickening to witness as a shareholder, and the street just laughs at this company, and is saying "better luck next time". Management credibility is 100% gone and the stock price and reaction to the latest news shows it.
Wouldn't surprise me. The management of this company has made every wrong decision possible over the last two years. They haven't gotten a single decision right yet.
These are unreported trades during the course of the normal day. They are irrelevant and are to be ignored. Wedge has shown time and time again he has no idea what he is talking about. Remember his "no resistance to $12" comment several weeks back?
He's still on the BOD, still collecting free shares. Believe it or not.
Also, he's loving life in his mansion estate he bought with his insider sales while pumping the buyout and such. White collar crime in all it's glory, but in this country we are more concerned with prosecuting black people smoking marijuana instead of people like JZ stealing millions of dollars from duped shareholders.
And this POS is still at 10.12. And no one cares.
The opportunity cost of holding this stock is very severe and harsh. Brear still won't touch it.
Don't worry though, listen to the last CC, everything is fantastic at this company!! Despite no win announcements in well over 2 months!! And hey, he said we were very close to a huge win announcement! Yay, it's only been 3 weeks since he said that and nada on the press releases! Brear sure does know how to call em.
Still waiting for this hockey stick growth.
Where are these "over react to the upside" people keep throwing out there? Doesn't happen, common myth apologists like to throw around. It hasn't "overreacted to ANY upside" in well over 2 years.
Yep, I am sure that explains it. Surely PKT wasn't going to down anyway. Oh wait, yes it was, holding $10 is not in our cards.
You've been spewing this same #$%$ for quite a while now. What happened to "no resistance to $12!" that you came out with over a month ago?
It's also trading at more than 4x 2014 revenue on an EV basis, and is expected to grow revenue 13% next year.
Shareholders in DPI companies are suckers, and leaders of these companies embarrassingly inept, with PKT's sad state of affairs taking the cake. 1.2x revenue is the max valuation it can muster as NASDAQ explodes. Epic fail BREAR.
Fear that someone else will swoop in and buy them first? That's the only reason I see. If someone is interested, and they feel someone else might be interested, it could be risky to wait for BK, because someone else could buy them now. And even if they wait till BK, they will still have to outbid the competing party.
I have enough already bought, I am not looking to buy, I am looking for a selling opportunity. This valuation is ridiculous and no one cares. Look at how many large institutional holders dumped 100% of their holding in the 2nd quarter. It's a lot and millions of shares!