I don't know if I agree. MM will be within 2M of making money this quarter. They have 98M cash on hand. I think the issue is that if they want to succeed they have to expand into foreign/undeveloped markets which costs money. With zero debt they could borrow or offer more shares, but that isn't ideal. Either way, MM is a long way from boarding the doors.
The man can't make water into wine. They are actively attempting to establish themselves in less competitive foreign markets. That isn't going to happen over night, nor is MM going to have had a wildly profitable quarter in Q2 due to the seasonal nature of the industry.
Yep. I was annoyed we were giving up so many and missing out on the initial IPO pop which will likely be 30%-60% of the opening price.
That is the entire reason its up AH:
"Yahoo requested and Alibaba Group agreed to an amendment to the share repurchase agreement that reduces the maximum number of shares that Yahoo is required to sell in connection with Alibaba’s initial public offering from 208 million shares to 140 million shares."
This is incorrect. Meyer could give guidance as to what Yahoo would do should an influx of capital come their way. She could say "Yahoo would employ an aggressive strategy in three phases, (1) stock buy backs, (2) Acquisitions which offer immediate earnings growth, (3) Investments and acquisitions of companies which our team feels have potential for huge growth, similar to our investment in Alibaba."
Check out MU's website (investor relations section) for yourself. Why is the stock going to go up? Because there is no way the market allows this stock to have a P/E below 10 again.
Any information on the value of MM's patents?
Your premise is flawed. It doesn't matter what someone bought a commodity for. The price that it is today is what matters. You are a "winner" every time if you are getting paid well over market value for your commodity.
Short raid on 1/2 usual volume with no news... MM needs buyers. The only reason it went past $4 was because of all of the insider purchases. Unfortunately, the shorts can still shed weak hands that bought at $3ish and don't want to lose their profit.
Other than the small chance at a buyout, I think we can all agree MM won't see any real news for the rest of the quarter, both positive and negative, unless its insider transactions.
Of late, MM has had a lot of volume in the morning. Classically MM saw the stock drop on extremely low volume early in the day which a lot of people attributed to short manipulation.
I think its become more clear than it was a year ago that small cap advertisers are not going to be able to ever compete with FB, GOOG, etc. I think it remains to be seen if a company like MM can take 4% of the US market and grow internationally to be a successful company. Even presuming they can, I find it hard to believe that MM can beat the big boys in both pricing and data mining.
I do. The recent pop was soley based on the CEO's major purchase. In the next week/month interest will leave and you will again see short interest hack the stock down on low volume every morning.
It seems like every time I have sold MM it was gone on a little run after, but it always drops back down to below where I sold it...
It absolutely shows high confidence in the long run (2Q out? 2Y out?) but it also shows there won't be major news or his trade would be against SEC guidelines. My only thought is that without major news and an already guided lackluster quarter, the stock will absolutely drop again at some point over the coming months. Admittedly while I don't think it will happen in the next month, I could miss out on a buyout.
But I am going to buy back when its lower again... Would you agree that it will be below $3.50 at least once in the next three months?