Well, so far the latest buy out rumor scam is looking like it will soon fizzle as in the past. Too bad that stocks can be jerked around for the advantage of traders while investors take the pipe. I dumped a portion of my position into the stupidity and will likely buy back when the stock retraces and drops to 24 or lower...How many times do we need to get hit in the head before we learn that EZ is an easy target for this sort of thing? Good company but considering the vulnerability of the product line I hope they do sell when the time before the rose is off the bloom...If I am wrong this time I will gladly hand my remaining shares over at a price that is hopefully north of 30 bucks...
Everything is for sale if the price is right. Saying EZ is for sale is not the same thing as saying a buyer is making a move on the company and a sale is imminent or even being negotiated at this time. So, just to be clear, are you prepared to say a sale is pending and we will hear about it soon, or are you just saying the company, like everything else in this world, could be bought if a buyer emerges and is willing to pay the necessary price? If the former than how do you know this?
Yes, I plan on trading about 30% of my position. My biggest concern about management is the "founder ego syndrome" where the founder takes the company private but still treats it like his private company. I don't think EZ's product line is going to transform the company into the next Cisco, so they really need to do what is best for the shareholders and position the company for a sale. Unfortunately when the founder is still hanging around after selling a bunch of his own shares he can lose sight of what is best for the people who actually own the company. Digital is a fine example of how a founder overstaying his welcome and running the company into the ground at shareholders expense. If they want to run the company like a mom and pop outfit don't go public.
That's all great but the stock has been dead money since 2011. We had a nice run into which I should have sold, but the stock is back to the 25 dollar level where it was in 2011. So Cramer's analysis may not be worth the paper its written on, but the stock has been worth even less for investors who were counting on a long term growth story. This has not panned out.
I am guessing no buyout, so I sold a few shares into the hysteria. I still have the majority of my position. EZ just can't seem to get it together when it comes to long term shareholder value, so I am betting that they will bungle this too. We've seen this kind of crap before. I am betting that I can buy my shares back at below 25 bucks, but that is purely speculation based on past history of the way this stock gives back any short term, or long term for that matter, run up. Might as well trade the stock since management has not been much of a bargain for long term holders.
To bad 30 bucks is not the stocks high of recent years...but yes they need to sell.
Wow...UBS is really going out on a limb by predicting 29 dollar share price... If the stock doesn't move well beyond 29 bucks in 12 months we need a new CEO...Mike "Big Bonus" Watford really needs to start earning at least some of the huge money he pays himself.
You are correct about the various columns written by a few managers at CLFD. If they can take the time to do that they can take some time to provide some information to shareholders. Guidance from small techs is a minefield, but sooner or later you have to be a grown up and start letting shareholders know where the company is trying to go and how business is fairing. With only one analysts trying to predict earnings the company is basically letting shareholders twist in the wind every quarter. No way to run a public company. I own some small oil/gas companies and they provide regular operational updates, good bad and indifferent.
CLFD stock does not appear to be recovering at all, despite the recent insider buying activity. I should add to my position at these levels, but the company really needs to try to position itself for a sale. Long term shareholders also deserve a lot more information from the CEO. At this point the only people that know anything about what is happening inside the company are the insiders. I think that is dirty pool and not appropriate for a public company. The CEO needs to have a conference call after each earnings release even if it is just for the benefit of retail shareholders.
Although I am in for the long haul, once again DEJ has given a lot of the run up back. I am looking to add more at 29 cents and lower. I will probably trade a potion of my position as the stock clearly cannot hold and the volatility seems to present the opportunities.
I am a buyer, but I do think we will revisit 29 cents and lower. DEJ has always retraced these one day bumps. The stock always gives it back. I have a bid in at 29 cents and I am confident it will fill.
I own a bunch of DEJ shares in addition to SSN. The big question on DEJ is when will one of these runs actually hold. Owning a few of these small O&G's is a nice way to hit a 10 bagger, but it can be a wild ride. You look back at KOG and others when you could buy all you wanted for under a buck.
I am thinking about selling a few shares and buying back around $0.275. Hate to be out of the stock because one of these days the run up will hold and I will be kicking myself.
I don't see the company getting bought out at this time. Too much reliance on natural gas and oil production is not anywhere near where it will be in a few years. Furthermore the overproducing Marcellus is turning into a loser for most of the companies involved. The CEOs in this sector missed the econ 101 classes on supply/demand...My hope is a merger with an oil company, possibly one nearby in the Uinta. Ultra has to get off the natural gas wagon to hell, even with the hope of increased exports just around the corner. The company can always ramp up natural gas production if exports actually pan out, but clearly oil gets a helluva lot more respect.
I hold KOG, WLL along with TPLM. I figure that KOG would be the first to go, but never dreamed that WLL would be the acquirer. Having said that, I guess I should not be surprised if WLL goes after TPLM. I also agree that there is probably some value to be gained if TPLM remains an independent for a while longer, but now that I understand the KOG situation TPLM may have an incentive to sell sooner rather than later. In any case it will be interesting to see things play out over the next year...or months...weeks?