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Fortinet Inc. Message Board

samthink2 6 posts  |  Last Activity: May 15, 2014 3:30 PM Member since: Aug 19, 2013
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  • Reply to

    FTNT is $10-12 at max..

    by checking_here May 7, 2014 1:10 PM
    samthink2 samthink2 May 15, 2014 3:30 PM Flag

    Let’s see, at $10 market cap will be around $1.7B. Now subtract cash reserves of close to $700 mil. What you end up is a company valuation of barely 1X forward earnings. Guess what, at that rate there will be vultures all over this, you and I will have no chance of even finding a spec of meat left over.

    Sentiment: Buy

  • samthink2 by samthink2 May 13, 2014 1:03 AM Flag

    See for yourself the following conversation that I have quoted from CNBC between Brian Kelly and the CEO of FireEye:

    DeWalt's optimism didn't satisfy Brian Kelly of Brian Kelly Capital who had recently sold a losing position in FireEye.

    Kelly pressed DeWalt on selling 485,656 shares in March at an average price of $79.54, days before announcing quarterly earnings.

    "Now you're coming to us saying everything's fantastic, everything's great. Why were you selling? You've lost credibility with me. How do you get that back from Wall Street? That's why the stock is down 22 percent today. Nobody believes you anymore."

    The CEO apologized.

    "You know, my selling was consistent with all the executives, all the insiders," DeWalt said. "I still have 90-plus percent of all my holdings in FireEye. I'm highly motivated to grow shareholder value, and for a lot of the shareholders, we're going to work very hard to improve the value of this company over the long haul. I have a lot of track record of doing so. I apologize to you if you feel like you lost faith in me, but I'm going to work hard for you. I will be there."

  • samthink2 by samthink2 May 7, 2014 11:24 PM Flag

    See for yourself the following conversation that I have quoted from CNBC between Brian Kelly and the CEO of FireEye:

    DeWalt's optimism didn't satisfy Brian Kelly of Brian Kelly Capital who had recently sold a losing position in FireEye.

    Kelly pressed DeWalt on selling 485,656 shares in March at an average price of $79.54, days before announcing quarterly earnings.

    "Now you're coming to us saying everything's fantastic, everything's great. Why were you selling? You've lost credibility with me. How do you get that back from Wall Street? That's why the stock is down 22 percent today. Nobody believes you anymore."

    The CEO apologized.

    "You know, my selling was consistent with all the executives, all the insiders," DeWalt said. "I still have 90-plus percent of all my holdings in FireEye. I'm highly motivated to grow shareholder value, and for a lot of the shareholders, we're going to work very hard to improve the value of this company over the long haul. I have a lot of track record of doing so. I apologize to you if you feel like you lost faith in me, but I'm going to work hard for you. I will be there."

  • Reply to

    FTNT Scam Report Released

    by nealson_opper5368 May 5, 2014 8:51 AM
    samthink2 samthink2 May 6, 2014 5:24 PM Flag

    Thanks for that. Really, rare buying opportunity.

  • samthink2 samthink2 May 6, 2014 1:17 AM Flag

    Sounds like you are down more than 60% from the purchase price. If you have at least a year worth of staying power, sell IMPV and invest in PLUG. You have a better chance of doubling your money within a year, though there can be no guarantee, you can at least find solace that PLUG had an offering of 20 million shares around $5.50 just few days back and you can brobably get in around $4.00 tomorrow.

  • samthink2 samthink2 Apr 14, 2014 4:23 PM Flag

    There are a lot of short sellers targeting FTNT. All are after easy money; they found the opportunity that they were waiting for on April 10, 11, 2014. Today is not much different, shorts are dominating FTNT. However, as it gets closer to 23rd I would think the pressure will be very high for shorts. If earnings beat both on revenues and per share, we will see sudden surge on 24th. glta

FTNT
24.25+0.16(+0.66%)4:00 PMEDT

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