Probably explains why insiders kept buying even as the share price went through the roof. I expect we will be back above 20 and filling those two gaps before too long.
I think a take over is more likely when oil prices are rising, but I do agree a takeover is in the future. Hopefully TPLM gets bought when the price is higher than where it is now. How can an acquirer justify paying up with share prices falling? I think I will add if we drop again tomorrow. I may trade a few shares, but most shares are here for the eventual buy out.
If the stock goes to 27 or 30 it is only retracing where it has been, which is no great shakes in my opinion and a poor reflection on Eli who clearly is no company builder. The company needs to be sold to a larger outfit that can roll the technology into a larger suite of products and services. As it stands EZ will simply be a trading tool and not an investment. It has proven this time and time again, rumor after rumor, like a cheap penny stock.
I like the idea of diversification, which has long been my beef, but the keyword from Eli is "believe". My plan now is to dump my core holdings the next time a rumor causes a spike and revert to strictly trading the stock. Until Eli learns how to build a company and not just make cool parts for a few larger players' boxes I can no longer consider this a long term hold. Every pop is always followed by a disaster...when EZ moves up hard you really have to dump your shares as these moves NEVER hold.
I now feel that the "big payoff" will come as a result of the company being acquired. I dumped some shares during the last buy out rumor that made the stock pop a bit. EZ is just not a good long term investment and, barring a buyout, the only way to make money, unfortunately, is to trade on the volatility. Too bad that Eli hasn't done a better job of turning EZ into a mature company. It remains a one or two trick pony and under the current leadership I don't see it ever becoming a solid core investment. Too few customers and too few products. A recipe for fits and starts and in the long run the company will, and has, given back every strong move upward. I really thought this company would be a much more solid organization by now.
I added to my position at just under 9.90. Not concerned about the next two to three years. After that TPLM will likely have been acquired despite management's plans otherwise. Who knows, maybe WLL will make a run at them. I own WLL and KOG as well and I would love to see TPLM join the family.
You may be right . If the company shares continue to drop by 2% per day it will become a penny stock before long! I suspect a misguided rally may in place. In general the sector is hell bent on bankrupting itself as rig counts continue to edge up in the face of record production and lower demand. Unless these E&P CEOs know something we don't, this is simply insane.
Specifically, what is "the deal"? Is there actually something out there, or is this speculation? I sure hope there is a deal!! I have basically lost all faith in managements ability to build the company into something resembling a solid investment and actually build shareholder value. Like most founders who hang around for years and years, the boss has created a nice job for himself.
We need another cancelation or two to provide some support for the stock.
Unless I am reading this wrong it looks like DNR came up short by a penny (26C versus 27C) and they also guided production lower...gonna be a #$%$ Monday...
I hope I am wrong, but what happens the next time Cisco or another customer sneezes or hints at something that could remotely impact EZ? My point is that after all these years the company has remained dependent on a small handful of customers with a niche technology that could be replaced by some customers in house or simply become obsolete. I just wish that the company could use their fine technology to expand the product line, increase the customer base, or sell to a willing buyer. If EZ were a younger company I could understand the current situation, but they have now been around for a long time and should have grown according to the typical corporate life cycle. So while I agree they have a small number of excellent products that could very well have a long life cycle, I think they should have reduced this dependence and thus the risk to a larger degree by now. At this point I will definitely trade a portion of my holdings, which I thought would have been taken from me by now. I prefer investing over trading, but EZ cannot hold any gains so it appears to have become more of a trading vehicle than a solid long term investment. Counter thoughts welcomed.
It also shows what a small fry this company really is and solid visible growth is just not there under current management. Having seen the company stock whipsawed with such ease it has confirmed to me that I need to get out of this stock. I am in the black on all my shares but should have dumped when the stock was at its historical high. I did sell some shares on the latest rumor, having learned my lesson. I am very disappointed in management at this point and I can't wait for the next bit of gossip or news from one of their two customers to jolt the stock again so I can dump more shares. They really should have sold the company a while ago if they had the chance. The founder is delusional.
True, but it appears that the market is worried about demand. The stock has been hammered in half. I wish the CEO would provide more information to investors. Hopefully they can put all that square footage to use.
Based on what? I hope you are right but as each day passes it looks like the same old BS we see on a regular basis.
Ouch..sold your KOG eh? Hmmm... I have owned KOG, TPLM and WLL for a while and added to my KOG and TPLM positions a month or two before the WLL/KOG deal was announced. I suspect TPLM will go the same way that KOG has gone. In the long run I look for these smaller players to be absorbed, including WLL, so I would have held the KOG, but I have been wrong before. In any case, feeling good about adding to my TPLM position when I did.