Now the posts about how it's going to $3 and how all the problems are solved, all cause it his $1.18. Seen this before, many times. It budges up a little and people are falling over themselves with glee.
RVBD has a lot of selling in the $19-$20 a share range. The buyout price is $21 a share. Not exactly a large discrepancy there between their selling price and the buyout price.
PKT is sitting here at this pathetic valuation, and PE is looking elsewhere to buy companies. M&A is happening, but not with this company. Not even the hint of a rumor or offer with the 0.6x revenue valuation. So I am hoping this board can put to rest for good any talk of PKT being bought. I use to think it was possible until the stock sat, and sat, and sat, and continues to sit, at just atrocious valuations, and no one ever came calling. Oh well, JB is a legend and visionary so we are in great hands.
Bronko knows what he is talking about and he is one of the few posters talking in reality.
Also, BTW, correct me if I am wrong, but I don't think JB has EVER bought a single share in the open market with his own money. Never once.
Nothing new in that article that hasn't been continually stated ad nauseam. I've been hearing about DPI and it's "explosive growth" for quite some time, and despite all these "forecasts" of such growth, the actual growth has not materialized and the market is pricing in NEGATIVE growth going forward.
And again, this whole buyout talk is ridiculous. There is still, as I keep repeating, ZERO evidence anyone is at all interested! And still no offers after months and months and months trading at 1x revenue or lower! So people just need to STOP discussing a buyout. It isn't happening!
Who is selling 500k shares at this point in time? If someone wanted to sell wouldn't they already have sold??!! I just don't understand how everyday there are 300-500k shares being sold when the stock has been this low for such a long time. It never ever ends. Doesn't matter who is buying and how much, there is always a seller ready to sell.
And $7 is the BRICK WALL of brick walls. It just CANNOT stay above $7 a share. Reminds me of when $10 was the brick wall a while back. It would never stay above $10 for any period of time, and soon we found out the reason why. Someone is sitting at $7 ready to sell every time it gets there. They must feel that is a great price to get OUT. Brear also selling around $7.20 has contributed to a price cap as well. Gonna be tough for it to break through the price he was selling at. If $7.20 was good enough for him, why isn't it good enough for everyone else?
Unless more news is released, I expect this to drift back down the rest of this week. $7 is the new brick wall and this news isn't enough for the stock to break through that. There still just isn't very much buying interest at this point in time.
Yes it is. But it's going to take probably 2 years of solid performance to get any credibility back. There can also be no hiccups along the way. It's a long road back.
Let me also add another comment with regards to this huge pile of cash. I think this huge pile of cash has really HURT us in that it has allowed Brear and the boyz to go way off course and decided that bad acquisitions and huge R&D spending was the right course.
See when they had a lot less cash they were focused on organic growth, and they were profitable. They are making profits because they had to. Now with a huge cash buffer, it has led to extremely poor decisions being made. The focus on operating income and sales went out the window. Profits are no longer a focus at all, it's about R&D and winning awards.
How bad do longs wish they would have gotten $15 a share two years ago? JZ turned it down and went with GIA. The rest is history. And JZ gets a mansion estate and seat on the BOD.
The stock has already unraveled under Brear. It's $1.40 a share above cash value.
I'll take my chances with new leadership.