They are unable to deliver, and don't seem to have an estimate of when they can. If so, they should state this fact on their web page.
As to how many pre-orders they have, no one outside the company knows that.
The preferreds are all up as well. Investors usually invest in preferreds for the income, but these have been down and up severely the last few days.
An odd thing happened yesterday. The warrants ( NXTDW ) went up while the stock was flat. Can it be the warrants somehow predict what will happen to the stock? I mean, if you had inside info, the warrants would be a great, under the radar way to take advantage.
Let's do a little arithmetic. Last price is 14.19, last div was 0.085 per share.
So % yield is 0.085 x 12 x 100% / 14.17 = 7.20%. If you pay 25% taxes, you keep 75%.
Taxable equivalent is then 7.20% / 0.75 = 9.60%. That would be tough to beat.
I have a small position so I'm happy we went up today, but I'm a little concerned as to why we went up. Someone please tell me it's not because the CEO did some smooth fast talking on some TV show.
Earnings are slightly positive; net tangible assets are rising. The preferred is safe for the next few quarters unless they call it back.
Yes, they are taking pre-orders, but that just means they are taking people's money. That doesn't tell us when those people will actually get what they paid for.
The speculation phase is over. From now on, Magnum's rise ( or fall ) will be determined by actual revenue and profits, just like a "real" company.
Back in the early days of the internet, about the mid 90's, there was a joke going around that explained what it was for.
The internet is a forum where gay men, who pretend to be women, can converse for hours and hours ........
.................. with lesbians who pretend to be men.
Don't forget the preferred stock. That and Banco Santander preferred are the best 9+ % interest bearing securities you will find anywhere.
I have a small position, and I'm getting a little tired of hearing how they are taking pre-orders. That just means they are taking people's money. Can we hear about when actual physical product will start shipping?
Yes, they are taking pre-orders. But that just means they are taking people's money.
The real question is; when will they deliver actual product?