The deal was priced in the hole by 11% - a great discount to Blair's & Needham's clients. Now the shares opened up.40cents from the deal price of $8 per share. The deal was obviously oversubscribed for, but its the 4.4 million shares that traded hands with the price not budging that has me scratching my head. Audc did right by giving supposedly good funds the shares at attractive price but im wondering what Blair and Needham did with the shares. The fact the shares are back down to 8.06 tells me they put the shares in funds that pay them commissions vs funds that invest for the long term. Flippers are what these funds are known as on the street.
Blair and Needham better put a $10 price tag on the shares to start and none of this 8-9 price tag nonsense.
Rich Valara has sat on the call for 1.5 yrs asking questions as the shares have plowed to $9 per share on its way to $10-11 until this secondary. Blair and Needham don't initiate unless they do deals. Let's see how ethical they are when their price targets are announced.
If i was the CEO of AUDC i would be upset with these guys because he had a great rally going and really no need for the cash imo, but if you want to play you have to pay on Wall Street. The least thee firms could do is put proper price tags on the shares.
stay tuned.... mobile news could be eye popping to the bottom line when cable providers come calling for an OTT solution. There's 100s of millions of cable subs in the world and at $1-2 per sub to audiocodes with 80-90% margins the upside hasnt even been started. No one gets it and audc hasnt begun to show it off.
20-30 million subs is .30cts to .40cts in eps in 2015. this could break stock open. we need a customer win announced
Must slow down CEO selling shares and not getting share price appreciation over 5 yrs.
I believe the board is drilling down on him. The results will come on takeover or execution. Time to buy.
ANyone that wants it cheap can make a run in the next week or two
DELL, MSFT, IBM, HP, PLCM, SONS
Bruggworth should stop selling shares and start utilzing his buyback program for 150 million.
1x revs and 8 times eps is a joke in this market.
I dont know how the board allows this guy to get liquid(sell) while his shareholders put up with this stock performance in a bull tape.
The company is going to get sold or let him go which would lead to great returns.
I'm buying here
To the two thumbs down peeps, i'm sorry, he has executed orderly sales of his shares while he has fell way short of bringing shareholders into his shares.
he should be embarrassed.
This company will not stay by itself for much longer.
Company has made it lean and mean now a acquirer can take it over and cut the right op ex andmake it very profitable.
QCOM will buy them