You could very well be right. This company def has issues, which is why it's trading below cash. I would have much preferred that they reported Q4 earnings of .02-.05/share last week and the stock gone up to the 1.40's or 1.50's. Instead of the delayed 10K due to the potential tax liability, and the stock dropping to 1.13. Some bad news priced in now. Guess we'll find out in 2 weeks. I'm not buying yet, but am ready to depending on what kind of loss we're looking at in Q4.
Not sure situation is that dire. MSN usually files their 10K late. And the narrative is exactly the same as it was in 2013. Yes they will likely post a small loss in Q4 as they did back then. But hardly the end of the world. Keep in mind the stock is trading at $1.16, well below the $1.45/share in cash on the balance sheet. And MSN should still post a healthy profit for the year. If there's other profitable companies trading below cash value, please post them. I'd love to snag some more near $1. MSN should be announcing another sizable dividend soon, which could send the stock sharply higher.
Newsletter recommendation or something? Lots of volume today. Recent insider buying is encouraging, but BDR still has plenty of issues. Pretty surprised to see it rocket from the .60's last week to the .90's today! Was hoping to see the stock back to $1 by yearend assuming they got back to profitability in Q3. But it might get there tomorrow at this rate. ha!
I'd post the link but yahoo doesn't allow it. Just go to edgar or similar site where you get sec filings, and you'll see the Form 4 filing.
A director bought over 15,000 shares this week. Looks like the first insider buying on BDR in about 2 years. Not a bunch of shares, but I think a positive sign that they're making progress on the turnaround.
Maybe someone finally read the 10Q and saw this--
Looking forward into the second quarter of 2015, given our projection of inventory that should be available to sell, we expect to see a decrease in sales of approximately 15% to 20% in comparison to the second quarter of 2014, as we work to re-build our inventory levels.
100% agree. And I love this move by our recently appointed CEO. Voluntarily reducing his salary to $1 until the company starts making money again. If only more CEOs would do this! Palle really seems determined to turn this thing around. A welcome change from our prior CEO.
From the 8K today:
As previously disclosed, Mr. Pallé had voluntarily reduced his compensation from $328,015 to $131,206 effective as of February 23, 2015. Mr. Pallé subsequently agreed to reduce his salary compensation to $1.00 effective as of April 13, 2015, also on a voluntary basis until sometime in the fourth quarter of 2015, or at some earlier date after which the Company’s liquidity was adequately improved.
Glad to hear it. Market keeps going up every day and MNDO one of the cheapest stocks out there. Trailing P/E below 9, great balance sheet with a ton of cash, plus a huge 10% dividend yield.
I would turn your money over to professionals or just buy index funds. If you're shorting one of the cheapest stocks on Nasdaq, you're asking to lose money. Stock was undervalued at $3. At $2.40, it's a screaming buy. There's 10% downside, 50-100% upside. The risk/reward is VERY favorable on the long side. Can understand it may not be everyone's cup of tea. But to go short at these low levels is insane!
Maybe it will be down. I guess that's where you're hoping to buy (as per your post above). Nobody knows what will happen tomorrow. Not me, not you. All I know is MNDO is deeply oversold, is very profitable, has a rock solid balance sheet, and pays out a juicy dividend. Buyers will return at some point. Maybe tomorrow, maybe next month. The downside is 10% while the upside potential is 50% or more. So I'd say the risk/reward profile greatly favors the longs at this depressed price.
Oh I just looked thru some of your posts on this board. Looks like you covered your short way too early and are now looking to go long. Guess that explains why you're trying to talk it down. Jeez just buy in the $2.30's and take the gift.
redbear358 • May 4, 2015 9:35 AM
For what it's worth...
I liquidated my short position at $3.22 a share and bought BLRX another Israeli company at $1.75 a share. No dividend, but lots of upside potential as its trials are coming to a close. Today, it was up $.10 cents. Obvioussly the share price will fluctuate, but the upside looks very promising.
redbear358 • May 6, 2015 8:08 PM
Tomorrow will be a better day.
I anticipate that MNDO will open up tomorrow at $2.52 and trade down to $2.48 before settling at the close tomorrow at $2.44. I know that this is creating a great buying opportunity, as I have my orders in at $2.21 a share. Stay tuned for more.
Do you know how to read an earnings statement? Or a balance sheet? Maybe that explains why you're short a stock with excellent fundamental strength, and long a risky biotech with zero revenue and huge losses.
My 20+ years of investing in smallcaps & microcaps says that isn't true. There have been plenty of stocks in the $1-$2 range that have been huge winners for me over the years. Sometimes you have to buy stocks when nobody wants em, then sell when everybody does. Use other people's impatience to your advantage.
As for MNDO, it's too cheap here. Yeah I know last quarter wasn't great and the next quarter or 2 prob won't be too hot either. But eventually we'll see revenues rebound. And earnings back up near .10/share per quarter. Maybe it takes a year. Maybe not that long. What I do know is when that happens, those who bought in the $2.30's will be sitting on a BIG gain.
Well panic selling in the sense that the stock had already been beat up. From $4+ to the $2.5-$2.75 range. Last quarter wasn't great, but certainly not the end of the world. This company is still posting nice profits, has an excellent balance sheet, and pays out a huge dividend. So the selling in the $2.30's sure doesn't make any sense to me. If anyone knows of a cheaper Nasdaq stock, by all means, please post it!
Good call if you did actually short. But if you did, you would surely be covering today. With earnings of .05/share last quarter, a balance sheet with .80/share in cash & investments, and a 10% annual dividend yield...the stock is a bargain. Find me a cheaper one anywhere on Nasdaq. Why be short one of the cheapest stocks in the entire market...when there's thousands of overvalued stocks out there?