The ADRs had an interesting open to trading today. Down 4% on real tiny, puttsy trading. Tiny "odd lots" of very few trades. Being a contrarian, I feel this may be a market maker wanting to throw around few tiny lowball buys to worry potential sellers and profit takers that it is "game over". It may be that someone wants to buy a nice block of shares today/tomorrow. I have seen this before for small cap accumulation. Do not be surprised to see some trades down (very small volumes) early morning - only to have a big trade or two near east coast lunch time then again about 3:00 PM within the $13 - 13.50 range. Carry on of good bids tomorrow likely. Funds and bigger players buy on Monday/Tuesday in a no new news environment for an appreciating stock.
I agree, but the stock is now priced for 15 - 20% growth for 3 years, and the rearview margins are mediocre. Sales look good, though no rearview PE. The next earnings report will be a big thing to support this current price - and it would be nice if they announce a dividend above 60 cents a share May on these ADRs. They are cash flow positive and have that Samsung money from the shares in the Treasury.
The technology is right there in the populist groove of mobile/personal Bluetooth with location. Hot for current speculation. if Samsung gets a little more in bed with CSR, its off to the races.
With all said, I did take a little off the table yesterday to pay myself for 2011's risk taking.
I still have every CSRXF share I got in the SIRF acquisition.
Hey Freshbone. I monitor this as I own and preferred the ADR instead of the "pink sheet" listing for CSR that I got from SIRF. To date - I am just enjoying the 540 % ride I got on these ADRs bought 4 years ago.
See you on the CSRXF board CSRXF board. Honestly, this stock moved too far too fast. I am worried and may take some profit.
They are not suckers or investors buying today. This is simply a "short squeeze" with the smart shorts closing out . There is so little stock to borrow that to continue shorting could mean watching the stock continue a sharp upward march for a few more days. There is a lot of shares that need to be "covered" and it will get expensive by mid-week for any short that waits until next week to cover. Nice and orderly though.
I am no expert, since emotion and pride of ownership can come in to play. The key positive is no current debt - so PE can load it on and will to immediately pay themselves.
A negative is the current cash flow, meaning the clock is ticking. If you use very simple and stupid metrics, great deals for PE can be made with price to book at 2.5. That implies a stock price offer of $7.50 almost guaranteed. If you look at price to sales - having your company at 2.0 is acceptable. That could imply a final acceptable price near $12.00.
I will split down the middle and look for $9.50 to $10.00. This could be a very friendly deal - that tempers my price guest. Yet, with no debt, bidders may come forward and compete for that brand name you speak of - and a sell to demographic they can grow up with (current younger woman who want to look hot, that of course will age to trying to look hot - and ride that groups purchase aspiration for a decade).
This move makes sense. I posted a reply to a post on this board on Thursday AM. about trading this stock and someday a buyout. Manny Moshouf, the founder, still owns 60 % of the stock. He is in his 70s. His company has lost it's edge and his vision of 20 years ago is no longer hot. He may want to divest - even for estate planning reasons. He does not need the aggravation, or risk, of riding a "full turnaround". To sell out at 5-25 thousands shares a month will be a drag on the stock and take forever.
Steve Birkhold was likely hired by Manny with full expectations to get Bebe somehow in shape for Manny' and his equity to exit.
Steve is 51. Arranging a good deal for Bebes sale would be a nice career accomplishment - worth just as much to his professional reputation as completing a "turnaround". He will be rewarded. Steve will get millions in bonus, immediate full vesting of all stock options and incentive compensation for the deal by Manny and maybe the buyers - plus the buyers could incentivize him to stay on and mange the place or be a partner in the group. Steve wins, Manny wins, current shareholders are relieved, and Bebe moves on with private equity doing aggressive financial engineering, rationalization of stores and the business. All then outside of the trappings of a public company where shorts, public disclosure requirements, and others who may prey on the business and interfere, being neutralized and pushed out of the game.
This is all probably mostly around Manny Mosauf retiring from retail and getting the best dollar he can for his baby - or shall I say his BEBE - as he moves to a new phase of life. I wish Manny, Steve, and shareholders success I will be hanging in for the ride. No way I cannot make money on BEBE shares, now, in the next 18 months.
Except when the elderly founder owns over half the stock and will call the shots. So change will be slow - but they will survive until a buyout. That is why one owns the stock, but trades in and out of a portion of the position as it fluctuates in the $4 to $8 channel almost yearly.
Your short will hurt today since they did better than expected. We may go to $6 this month.
Thanks. A very good thought. I got back in again today after years out with a first buy at $22.01, then a second at $21.35. I am happy to be in now and think the risk/reward is great for a 2 year forward outlook.
Agree! You are a little high on the year end stock price though - I am looking more for $38.00/share.
Tunc should turn it on after tonight's earnings -probably elude in the conference call. Big upside surprise.
Today could be the last day to buy in for under $30.00.
How much pain can you take on this run - - to $4.00.
Sentiment: Strong Buy
There are 167 million shares listed in London. The current market cap of the company is 1.2 billion British pounds - or a round figure of $2 billion US dollars. For some fund companies - this would will be considered a small cap stock. I am going to try to see if a Vanguard or Fidelity are accumulating this issue in their small cap portfolios.
Interestingly, the price of this company on the LSE peaked in 2007 at double the price it is now. Essentially, the stock has to date lifted off a long trough and dive in 2008. I f we go to near the average 2007 price the stock commanded, these stupid pink sheet shares could touch near $18 in the next year. The "pop" may have only begun.
I am with you. I have no idea on specifically what or who is causing the consistent bid under this stock - but I love it and agree this is a great investment going forward - even if a "top" comes soon.
I, however am not aware of a Samsung bid for the company beyond what they obtained and now hold from the deal struck last year. Did I miss something? That was about a 10% interest in kind of what is a technology and supply oriented deal last year.
Well my friend, your prayer may be starting to be granted today. Now is when that hard decision comes. A target is pennies away in a stock that is exploding upward. It is almost too good to be true. Something is up and a big player must be accumulating. Our question - for how long?
Let me/us know how you do. I am holding, having left just a little go 2 weeks ago to "pay" myself and drop my basis in further.
I am well in the money plus like this company as a true investment. So I hold, but I still ponder where is the top. Good luck!
Freshbone 1 must be a happy camper too. Thoughts?
You may just get that $11.50 target price this month. The flow of news keeps getting better. The SIRF embedded in the company is adding real umph. Everything is getting a GPS chip. "Bluetooth" is being adopted everywhere (my new car has it integrated for cellphone use). Now they get in bed with a consortium of the 4 biggest printer companies in the world. Printers are not dead - we soon may get them in cars and boats to print maps for us old guys that love paper - off 4G networks.
CSR will declare and go ex-dividend on one of the 2 annual a dividends they pay by April, for May distribution. Keep a watch for this. The May dividend is always the largest for the 2 and could be sizeable - maybe double last year's!. Watch the upcoming earnings report and the stock action after the report. If the stock goes up more - instead of down for "sell on the news" set your trigger as a sell price and watch for that ex-dividend date. Fire off the sell trigger a day or two before - if you want to unload the stock.
If you want to capture the dividend, you will keep the stock by default for a while, as the ex-dividend price along with impending "summer weakness" potential for all electronic component stocks could make the share price flat at best.-
Good luck. Time to plan that exit strategy!
Will post anything good I hear or read. Samsung issued a report last night that the Market did not like.
Watch (via financial news) this CES show in Vegas. It popped CSR, Garmin, Trimble and others with GPS last year - then all went to normal a month later. You may get that $11.50 in the next two weeks with an "all or none" limit order to sell.. Getting much more than that could require more prayer than market forces. The PE would become near 25. Tough to get the PE above even optimistic growth. Good luck.
I did the "Cramer thing". Sold enough shares last week so I got all I put in back. The rest will ride - since this is a good company.