The writer of the post is David Trainer and he's a Hedge Fund Manager. Enough Said.....
He's either on the wrong end of a short position, trying to establish a long position having missed the upswing, or (as you said) trying to help a potential acquirer. Definitely has ulterior motives.
If I'm not mistaken, SWIR holds the #1 market share position in M2M modules with Gemalto and Telit as #2 and #3. Yet, Cal Amp has a similar marketcap to SWIR and garners a lot of attention in the space. Is that because they are a US based company?
I guess we'll have to see what happens with earnings in a few weeks, but I'm surprised that CAMP's success didn't move SWIR higher.
Sejss, I think you touched on a nerve based on the thumbs down responses, but I tend to agree with you. It's time for SWIR to deliver the results to justify the recent move to $30 as well as any move higher. I'm counting on it or else we sit in the 20's through the end of the year.
Sentiment: Strong Buy
The Insiders (& former Insiders) held 38.85M shares of the 44.64M shares outstanding. (87% shares)
Peter L (Former CEO) 798K
Alex (Current CEO) 530K
Slim ( Current COO) 329K
Michael Newman (Current CFO) 238K
Catherine Ratcliffe (Former Exec ) 137K
Kenneth Leddon (Former Exec) 118K
Robert Hadley (Former Exec) 110K
David Werner (Board Member) 70K
Russell Gerns (Board Member) 68K
James Ledwith (Board Member) 63K
John Wakelin (Former Member) 51K
Richard Karp (Soon to be Former Member) 29K
Sue Swenson (Board Member) 23K
It would seem like the recent block trades are coming from the 5 former Insiders (1.19M shares) as I can only assume they no longer have to publicly announce. I would suspect a lot of this has been cleared out in recent weeks. It would be nice to see the current insiders buying them out and moving on.
I read this as bad news....
Credit Suisse sees 100K in subscriber losses in Q2, lower EBITDA, and a potential take out at $6 a share (where it sits today).
Not good unless you own or are buying Softbank shares.
Sprint is headed to $4 a share or lower. TMUS has gotten AT&T into the fray with promotional offers and Sprint will be the one to suffer the most. Verizon will be next now that AT&T has joined in and as Marcelo said recently, Sprint has no marketable difference to sway customers to choose them over the competition.
When the #1 carrier in the US commits to NVTL heading into the Holiday season, it means something. Nice move today on it's way to the $8 or $9 per share that management believes is the current value.
The movement on SWIR is impressive and yet MIFI sits stagnate. Somewhat surprised that MIFI hasn't followed other than the fact that M2M revenue last quarter was ~ 20% of MIFI's total revenue and Mobile Broadband isn't as exciting. In fact, the bulk of august's projections are Mobile Broadband related, which is not a long term revenue strategy and we need M2M to grow $9.5M per quarter.
I question your 30% run from earnings. Stock closed at $3.09 Nov. 6th prior to earnings and we sit at $3.61 or 17% higher. Also, MIFI is below 1X 2014 proj. rev, let alone 2015 projected rev or your proj. $300M, so it should be moving higher regardless if investors believe in the projected growth. The fact that it's not moving higher on this news says that investors continue to question its validity or don't trust MIFI.
margate1980 - Do you think if you say "Buy now" or "Going to $6" every 10 minutes, it will come true. This isn't an affirmation Stuart Smalley. Give it a rest......
Analyst are compiling and factoring in the new 45M in shares in Q4. With that factored in, even 1X revenue of $200M in 2015 would be a $4.44 pps. At $300M in 2015 it would be $6.67. And, with profitability, they could warrant 2X revenue or $9 to $13 pps.. MIFI will move higher from here in the coming weeks and months.
How was Jack Ma listed as the Top Gainer and Masa Son was listed as the #2 loser. Did they factor in Alibaba for Jack and not for Masa? If Alibaba was factor in for Masa, then where would he have been without Alibaba.
Makes me question the lists.
Alex referenced the expectation of new announcements on the earnings call. Investors in MIFI seem to be getting impatient as the stock has seen a steady drop back to pre-Q3 earnings on low volume.
As has been said on this board, any positive news/announcement & new interest can move MIFI up quickly, but that requires success by Alex and team. Falcone isn't in MIFI for a quick 100% return, he's looking for 1,000%+ return on this investment and so am I.
Holding steady, but tired of the daily drops.
Sentiment: Strong Buy
Is this one of SWIR design wins? Can anyone confirm? Mojio is in Vancouver.
Please leave as you're the only one posting anything on ENTR. The company is headed to bankruptcy.
It was Bruce Karsh that wrote the "Case for Novatel" with an ~$8.50 value for Novatel earlier this year. Karsh is another well connected investor that is promoting Novatel. Following the smart money on this one.