Equity holdings are supposed to be marked to market. They may be marked conservatively, but not at such a huge discount that is only recognized upon sale. Frankly. I will read the mgmt. discussion in detail and decide further. I have held PSEC several years through many ups and downs. I belive mgmt. is sharp, but I also believe their fees are increasing while shareholders are seeing disruption in the stock. I would like to see mgmt. goals more aligned with shareholders. That is always one of my greatest concerns with public companies and particularly BDCS. Goal alignment is critical to sustained success.
The NFV products are relevant and they are selling, but not at a pace that is significant enough to make great inroads in the industry. It is all trials right now. The SAN revenue is low growth high margin cash cow through OEMs. Nothing new. The NFV products don't sell at a high enough price to make an impact in revenue and earnings. The Ethernet Fabric technology is one of the best in the industry and sales are increasing, but not at a big enough rate to impact the bottom line. ANET is the new alternative choice to Cisco in the enterprise networking space, not Brocade. The announcements are all wonderful for product direction, but execution remains to be seen. Lloyd has made an impact primarily by, cutting headcount, buying back shares and instituting a dividend. Good moves, but not enough. The analysts will value with these changes for the short term, but revenue in IP networking MUST increase significantly by year end or BRCD will continue to receive a low valuation. It remains to be seen if BRCD can execute in the IP DC Networking space. The SAN reps don;t know how to sell IP Networking. The IP sales teams are primarily edge focused. That is more commodity and not strategic. BRCD brought in good people to build a large service provider IP sales team and is focusing the organization sales and marketing spend on that area, This is an area that BRCD has enjoyed limited success (other than SAN). The sell cycle is long. The deals are large unless all BRCD is selling is a software based NFV product. That won't bring in much revenue. Look at the overall sales QTr to QTR. Q3 2013 = $167M. Q3 2014 was $165M.
BRCD lost revenue. The investor PP refers to VDX sales increasing at 38% YoY, much less than company target however. If IP switching was $91M and VDX is 20% of that number or $18M that is an annual run rate less than $100M for VDX. That number must increase or they will cut the VDX team again like they did earlier this year by 50%. Can't grow by cutting.
Major player exited, being not too excited about the outlook.
Brocade can't seem to grow more than 1-2%. Earnings are supported by share buyback which is positive, but overall BRCD as investment is only worth holding if you expect buyout.
Their NFV products may be interesting, but the $$ value for software products are low. There are more interesting network players in the overall category, like UBNT, that will provide better ROI.
I predict BRCD will be gobbled up by ORCL within 24 months. The NFV products for MSOs and Service providers may prove interesting along with the high margin cash cow SAN business.
55% in BRK. Will stay with shares. Increasing stakes in MKL, GILD, GOOGL, from selling selling 401K S&P500 index funds.
Zacks has no clue about this business or industry.. UBNT is killing it outoor with WISPs. ARUN a great enterprise company cannot compete in that market. UBNT and ARUN do not see each other in the enterprise market. as I stated before UBNT is not enterprise grade.
As of July 30th net institutional buying increased by $3M shares and increase of 11%.
However, short shares increased marginally to over $8M shares which is over 30% of the Float.
Recent trading volume makes at 900K shares indicates it takes 7 days to cover. I can wait to see the short share number for August 15th. with recent action the shorts must be decreasing.
I agree...I like the company and their restaurants. I'll wait for a 30% pull back. Overpriced and ovrhyped for my taste.
Looks like it hit $43 and $41 is in the distance unless the market ha a severe correction.
MKL is a CORE Long Term holding IMO. Given that is MKL dead money for a period of time going forward?
Yes! If your time frame is 3-6 months? Why? The insurance industry is seeing competitive pricing so I don't expect profits to grow even though MKL boo value should increase. The traditional institutional holders will keep MKL on sidelines until growing profits return. Depending on your time horizon MKL is either dead money or a buying opportunity.
I see it differently. Sellers are in control...That is why prices are increasing. Buyers are jumping in to ameliorate the uncertainty in the market. GO BRK Go!
UBNT is a most unusual stock. It cannot seem to sustain a move up even though revenue and earning grow continually. I'm going to buy more if this continues as it seem like a sale price IMO.
You don't know what you are talking about. I like UBNT as a disruptive model, but they are not even on Cisco's radar. UBNT is NOT in the Enterprise as defined by the people in the industry. VMware, ANET, Aruba and others are on Cisco's radar as competitors.
That being said UBNT will continue to grow and take INTL, US SMB, and some US SME business that are cost sensitive and NOT focused on high reliability and feature rich products.