Looks to me like somebody just took out all the stops today. No other reason for this level of pullback. Bought more on he move back to $60.
You cannot really believe that. This is done because they are out of money to pay their bills (and their salaries) with. Pure and simple. And it comes out of the hydes of current shareholders.
This is shameless pumping. My company does $100,000 a day in sales and has a market cap that is a tiny fraction of MCIGs.
What an utterly worthless PR. Until companies like this stop pumping out PR everytime the CEO goes to the john, no real investors are going to take them seriously.
Man, has MCIG stock been on a roll. Bought it in early December for $9 and its now at $15. Don't even know why, but it sure is rolling.
Surprising considering the stock has broken out of its $30-$35 trading range. Would be interested to hear the regulars take on earnings. I notice that net interest spread continues to fall. It has for every bank reporting except BofA.
Just looking at the income stmt for quarter. Only thing that looks negative is the massive increase in taxes accrued. I thought SIRI had tax loss carryforwards for years.
What am I missing? This looks like a complete mess of a quarter. Sure they are cutting cost. But the shrinkage in the top line is very concerning. How long does a management group get to figure out how to make a reasonable return on a great franchise?