The tender offer seems to have put a floor under the stock. As you say, pretty easy to sell a smaller number of share for more than the TO price. I think last time they were only able to buy 300,000 of the 800,000 they wanted to buy.
Part of recent PR news article:
Indianapolis, Indiana – With the introduction of five 5-axis models, Hurco announced a major initiative called “Take 5 for 5-Axis” to galvanize manufacturers to evaluate the merits of five-sided machining for traditional 3-axis parts with features on all five sides.
“We are dedicated to helping shops increase profit margins and productivity by developing sophisticated control technology that is intuitive, easy to learn, and easy to use. Because we know that adopting a five-sided process is the most efficient way to instantly increase profit margins on existing parts, we’ve dedicated substantial engineering and R&D resources to 5-axis technology during the last decade and significantly expanded our product lineup,” said Maggie Smith, marketing manager for Hurco Companies Inc.
The hyping already occurred a few months ago when the patent was mentioned. I agree that it could take years, but it still seems like a decent investment for the next couple years assuming the world economy shows some improvement. The share price pulled back 20% or so from the 3D run, and most of the fast money went elsewhere.
Raven is mentioned in an article on the Huffington Post. Try searching for the title, or you can read it at the IV message board for RAVN. Too hard to post it on Yahoo.
The Monsanto Privacy Model? Monsanto and Farmer Organizations May Be Forging New Path to Data Cooperation
Interesting that starting at about 11:10 AM, someone bought the next 25,000 shares for $2.40 or more per share. The bid side still looks much stronger than the ask side. I will try to refrain from commenting on an earlier post that questioned my integrity. My intelligence has always been in question, and that hasn't changed.
In this case, I assume Warren L would be an affiliate:
"Affiliate" is a term used in the securities laws to refer to a person in a relationship of control with a company. "Control" denotes the power to direct the management or policies of the company in some way (e.g. by voting or by contract), and this is generally means a director, executive officer, or large-block shareholder (usually 10% or more). The term also applies to people who live in the same household as the affiliate, and to trusts or estates in which an insider has an interest or serves as a trustee. The shares affiliates own are also called control stock, and if not registered with the SEC can also be restricted securities (which should not be confused with restricted stock).
An affiliate has restrictions and reporting requirements on company-stock sales under Rule 144 and Section 16(a). Affiliates must also comply with the rules on insider trading that apply to everybody. Even if you are not an affiliate, you must still follow the Rule 144 holding period rules (plus any company restrictions) before you can resell unregistered stock.
Any resale of shares by an affiliate (including anyone who has been an affiliate during the three months before the resale) must follow each condition in Rule 144. However, no holding period applies under Rule 144 when the affiliate buys the stock on the open market or receives SEC-registered shares, such as through grants of stock compensation registered on Form S-8.
My concern is they are now 6 to 9 months behind on earlier Fox-1P delivery estimates. At this rate, we could see the XP before the 1P. We also need to see orders on the older stuff, not just interest.
Are they going to need to raise more money until (if?) deliveries can start? The share price will surely drop under $2.00 tomorrow.
Another thought. It's hard to imagine if we were going to have really good new, it wouldn't have leaked out by now. If they surprise us with really good news, I will give them a lot of credit for keeping it under their hat. Flip side I guess is if it's bad, they did a good job of keeping that quiet also. Trading has certainly dried up in the last week.
I think I will just wait and see what we get. I am concerned we haven't had an announcement before now, but maybe it all gets cleared up this afternoon.
Interesting move. There was talk this morning that she might tend to push Google into more mundane things like making money now, instead of pie in the sky endeavors. Google Glass may be out, and I wonder about Loon. I haven't been counting on Loon to save Raven, but I wonder how much the current Raven management is betting on Loon. Thoughts? Who knows, maybe Loon is the next great thing.
“After a 28-year career at Morgan Stanley, Ruth Porat has decided to leave the firm to take on a new role in Silicon Valley and return to her California roots,” Mr. Gorman wrote. “It is with a heavy heart that we see her go.”
Interesting. Up $1.67 on over 600,000 shares. 10 time normal volume. One big trade at the close, so maybe a couple of funds moving things around.
3/20/2015 15:59:58 NASDAQ NM 100 31.91
3/20/2015 15:59:59 NASDAQ NM 300 31.90
3/20/2015 16:00:00 NASDAQ NM 361146 31.90
3/20/2015 16:11:22 NASDAQ NM 200 31.72
3/20/2015 16:18:41 NASDAQ NM 29795 31.90
3/20/2015 16:19:33 NASDAQ NM 3105 31.90
3/20/2015 16:20:28 NASDAQ NM 8769 31.90
3/20/2015 16:30:53 NASDAQ NM 800 31.90
3/20/2015 16:32:43 NASDAQ NM 1 31.20
3/20/2015 16:41:13 NASDAQ NM 254 31.90
Another article in the paper said total layoffs were 115, with 75 being local. I posted a couple of articles on Raven at the IV message board for Raven.
It would be nice to think someone knows something, but hard to say. It's the last day of the BiTS Workshop, so it's possible some deals are being discussed. No PR on the SEMICON Shanghai show, so hard to know whether they are attending that one or not. It runs through tomorrow if they are there. Recent price and volume could just be another loser like me trying to guess which way we go.
These guys drive me crazy. My spreadsheet with over 10 years of quarterly earnings and revenues is trashed again. They restated the last 4 or 5 years of results again. Of course, just for the annual data, not quarterly. It looks like a good earnings and revenue report, but the special events that just never quit, I can't really get a handle on how they are doing. Oh well, maybe I will take a day and just try to sort it out again.
CODE is not trading now, so I guess the deal is done. No reason for Cypress/Spansion not to buy AEHR equipment now, if they think it adds value to the product testing cycle. I could see them needing to wait until the merger was completed and maybe a little after that while they digest the move.
That deal was announced in December of 2001. Would have been a split adjusted $18 or $19 per share. Less than a double since then, I guess. Ouch.