Yep, that's what he does just about every quarter. He must think we are a bunch of dummies! Come to think about it, he may be right!
Even though they will probably miss, if they give positive guidance, we will continur to rise. This has happened in the past when we were given a rare good future report.
bookerone, I just checked my records and we closed on July 17, 2007 at $28.75, up $1.16 that day. Can those kind of numbers happen again? The suspense is killing me, along with my wallet! LOL
I had 10,000 shares at around $11.00 and when it dropped to around $2.00, I bit the bullet and bought another 10,000 shares to get to my present $6.61 average. My friends thought I was crazy when I made that purchase and they may be right!
I have 20,000 shares at an average price of $6.61 so it is difficult for me to sell any shares. I am always hopeful that this may be the time that it will continue to rise and I'll get my money back. I didn't sell one share when it went to $28.00 and I've been kicking myself in the #$%$ ever since. I'm 79 years old so I'm going to ride this sucker out until one of us wins...I lose if I die first! LOL
user, good to see that you are still with us. I'm always glad to read your comments. Maybe, we'll get out of this disaster of a stock eventually. (If I lve long enough!)
garieh4, yep I agree with you 100 %. We have been through this process many times over the years...it is hard to get excited when we know what always has happened in the past!
Novatel Wireless Could Bring Attractive Gains In 2014
Jan. 16, 2014 5:15 AM ET | About: NVTL, Includes: ADEP, SWIR, T
Disclosure: I am long NVTL. (More...)
Novatel Wireless (NVTL) could bring investors attractive gains as Machine to Machine (M2M) targeted verticals are projected to grow at 20% or more over the next few years. The company expects revenues of $66 to $78 million in the fourth quarter. With expense cutting measures underway, Q4 company guidance is for a non-GAAP EPS loss of $0.14 to breakeven. On the earnings side, this could be one of the best quarters in years.
The company operates in two main segments: M2M and mobile computing. Total 2014 revenues are expected to be $343 million with the majority coming from mobile computing. In Q3, $84.1 million of the company's $92.7 million total quarterly revenue came from mobile computing, which includes the MiFi mobile hotspot business and many patents.
NVTL data by YCharts
Mobile Computing Catalyst
Novatel Wireless' mobile computing business has been a sore point for many investors. Competition from international players has left revenues choppy year to year. However, with $300 million of projected 2014 revenues coming from mobile computing, the company has marked value from this division. It is unusual that a company like Novatel Wireless continues to trade at a market cap less than $100 million with a sizable cash position and no debt. Some could say that Novatel Wireless' mobile computing business is completely discounted at the stock price. Without management looking for strategic alternatives to increase shareholder value, the company is a target for activist investor groups to step in and forces change.
Novatel Wireless' current situation is not unlike that of the recent meteoric rise of Adept Technologies (ADEP). Similar to Novatel, Adept's share price was holding around $3 with a market cap lower than revenues with no debt. An activist investor group, the Hale Group, took a position and changed the culture into one where cash flow is king. In the past year, Adept Technologies, through the guidance of a new executive team has helped increase the share price from the low $3's to the mid-teens where it stands today. Like Novatel, Adept was also in a hot industry, (robotics), and a wasteful culture was pushed out by a board and executives with a more focused goal. The combination of undervalued technology and potential catalyst for executive change make Novatel a potential Adept success story in the waiting.
ADEP data by YCharts
A change in the executive team aside, there is still hope for M2M growth being a catalyst as it becomes a more substantial part of Novatel Wireless' revenues. NVTL has recently received AT&T (T) network approval and M2M prospects are accelerating every day. M2M technology is heating up this year, as can be observed by looking at a company like Sierra Wireless (SWIR). Sierra sold much of their non-M2M business and became a pure play leader in the industry. The company began 2013 trading at $8.05 and made big moves last year trading to a 52 week high of $26.56 before the recent consolidation. Sierra Wireless could still bring in big gains in 2014 as it is seen by many as one of the few pure play M2M stories on Wall Street in a fast growing industry.
SWIR data by YCharts
Either way Novatel Wireless has become a laggard and makes for a good speculative position while trading so low. Still, for those risk adverse its best to stay away. Otherwise Novatel Wireless might become quite rewarding this year if the company can catch up with its peers.
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Huge fundamental developments are under way with the AT&T network approval, and this has the weight to lift the stock up to over $3 and up to $4.5 without a problem.
Behavior, you posted the above a couple days ago! What changed your mind so quickly?
Me too bookerone2000, I'm still in with 20,000 shares at $6.61. I'm going to ride this sucker out untill I get my money back or croak. One or the other!