Completely agree. This trap is worth maybe $20 at best, who knows...but whatever the value, is with 1000% certainty SIGNIFICANTLY below where this bubble is trading today. Why do you think insiders are selling everything they have as fast as they can possibly do it...it's the chance of a lite time for them to rip off the unsuspecting main street investors.
It doesn't matter where we "should" be, that's purely your own opinion, I'm just commenting on where we ARE and where we're heading...DOWN...in a green market. I'm seeing the large volume selling every time we move above $10, it was especially evident when they had their quarterly release, when selling was relentless on what looked like a decent report. And, btw, where do you see institutional ownership is up? In reality it is actually DOWN quite significantly this past quarter (link below proves that). All simple FACTS, right lol? Nothing to dispute about in anything I said above,..
No buyers even in a strong market. Huge sellers step in at any price above $10. Not looking good for some reason, either some bad news in the pipeline, or just no interest in this Company in general. Sad, but it looks like it might be headed back to the lows unless they release some groundbreaking news. Chances are slim, unfortunately.
Pandora has NEVER been profitable on a GAAP basis, not even one quarter of its existence. Please get your facts straight. Funny thing is that it will NEVER be profitable as well. Cheers!
this is a coffee bubble about to burst in a very bad way. Trading at peak earnings right now, going forward there will be very few replacements and almost everyone that wanted to buy a machine has already done so...now its time for the fad to fade...I expect this to trade down to $60-70 level quite soon once the crazy euphoria dies down. KO is in a desperation mode trying to find new avenues for growth, destroying it's shareholder value by buying stakes of these overvalued bubbles...however the management will soon pay the price for doing such serious miscalculations. This is all I'm gonna say for now.
Net income for the first six months of this year (Q1 and Q2) was $1.8 million, not $551K. However, I agree with your thesis that it simply makes no sense. Also, I guess a more fundamental question here is: why are their revenues dropping this year even relative to 2011 (not just 2012 and 2013), while this is supposed to be a high "growth" Company is a high-growth market?? Does that make any logical sense at all as well??
One of the problems you point out correctly: they "claim" that this cash is sitting there for expansion projects, however, they have been saying the SAME exact thing for over two years now. Where is this so-called "expansion"??? According to their financials the cash balances continue to balloon, however we have not seen one "project" even begin during this time frame?? Does this make any sense even? Something is clearly very wrong here...and the loan you mention is icing on the cake here. how can you explain any loans at all with $100 million of supposed cash sitting on the balance sheet? Like i said, something does not add up here...
I have done my dd...let's look at it from a logical standpoint: where is this so called cash when the Company's stock is trading in the gutter at rock-bottom valuations?? Any serious investor should understand that if they indeed had $100 million just sitting there doing nothing, management would have taken this "gem" private 3x over at the current mkt cap!!! Oh yea, another priceless piece of info is this personal loan from the Chairman roflmao!!! Can anyone actually believe that the books are real here? I'm gambling (literally) a little capital here, but I am now realizing that seriously there is probably nothing here but fraud. And, btw, these are all my opinions, hence I have not committed any wrong-doing.
these people dont have any cash to buy anything man....the books are cooked, there is really no cash here...prolly worth $0.10 per share if that....
ever hear of GAAP?????? GENERALLY ACCEPTED ACCOUNTING PRINCIPLES???? A LOSS of 6 cents per share in mrq and this Company has NEVER made a real profit in its existence. And don't tell me these laughable make-belief stories that stock comp is not a real economic expense roflmao!!!!!!!
Am I seeing this press release correctly??? The numbers are absolutely atrocious haha, can it get any better than this???? Perhaps the shareholders should start practicing the collective "bend over routine"...it might come handy when these people file chapter 11...
Progress is evident: margins improving, sales have stabilized. However, I agree, this was likely priced in and the stock will probably retreat (since this was in no way a blow out). Everything seems as planned, but nothing too exciting in the quarter. I still see a $5 stock within 6-12 months, but will probably take a breather here.
That is old news, they announced it a few years ago...plus we knew he's gone after the hedge fund group took over the Board. Something else going on, or maybe just some institution deciding to exit here...
Exactly...something some of these companies are doing wrong, it is clear...as the mobile advertising market is booming, these companies are in the toilet...don't forget that VELT went bk late last year I believe...same industry. Seems that the larger players are ripping the whole price away from the smaller guys, and this dynamic is just accelerating. LOCM is another one, in the gutter. All dying companies essentially, at least that is what the market is telling us.