So? Are you suggesting then that management might wake up and start buying some of their own stock?
I tend to agree with you SF. I would also say the same about the reverse stock split one year ago this past week (DCTH opened at around $4.60 then, so we are down yet 'another' 80% or so since ). I would use the same word bogus describing this - to provide a trading/short opportunity to certain investors ... with the former CFO and other directors having exited since then..
How formidable is Nuance's patent estate in voice recognition and the strong moat we keep hearing about surrounding it? If so formidable, why are a number of tech companies and their grandmothers seeming to get into the business with products ... are there some more legal actions for Nuance to be considering?
Agree with that sentiment. But execs still need to start buying some shares and demonstrate an ounce of conviction. No share buying, still a temporary CEO, works to hold the Street and share price back. Not to be stating the obvious ...
Both companies, not to mention Apple, are investing heavily in voice technology to perform an ever-expanding array of everyday communications tasks. But Nuance for long has been billed as the clear leader -- the early innovator in the field and far ahead -- and with a strong moat around its extensive patent collection. But these big boys keep moving along. By definition will they not have to pay Nuan one day to license its patents (if they don't already, other than AAPL) or otherwise risk infringing ... if not just looking to outright acquire it?
Yep, and he covered and took a lot of profits on his Brazil shorts a few months back:
"Jim Chanos covered some of his short positions in Brazilian stocks as he believes most of the country's downside risk is priced in after the sell-off, Reuters reports, citing comments the hedge fund manager made at its summit. Chanos has previously spoken about shorting Petrobras (PBR) and Vale (VALE), Reuters added."