I'm on your side and think Z is a three-card-monte company, but they have a couple hundred million that simply moved from cash/equiv to treasuries/muni's etc....presumably liquid. Go to actual 10-Q.
If you work the numbers, it would only make sense at a much lower price. The problem with DDD's acquisition strategy is it makes it difficult for an acquirer to seamlessly integrate...any given company may like a part or two of DDD, but not the whole...and who knows about goodwill write offs, etc.
Yesterday, any yet it's down again?? I guess they were wrong...ipso facto ignore everything they say from now on
Just remember, whatever you own, it's more than Rascoff....also it's axiomatic that BMO bought their stake at higher prices. All that said, you've been right to get long this since the eps....Z and TSLA are now my only shorts, but I remain confident this is much lower 6 to 12 months from now.
A lot of it is nonsense and worthless, but people should always want to read what the other side is saying...the legitimate things. I want to know what shorts think when I am long and vice versa.
You are as big a bull on DDD as anyone...given everything, what do you think a fair multiple is to their non-GAAP EPS? I think 20-25X '15 is more than generous.
The fact that they have already named a new CFO taking over the very next day after earnings doesn't bode well that it's going to be better than the pre-announcement...more like they want that news out there in advance so he can provide some hope for investors on Monday. But it's a guess about how much bad news is baked in. Hopefully there isn't some kind of accounting issue related to their many acquisitions.
we'll see - the SI is high, and float is low...my timing could be wrong, but I don't mind being short this for a while....I don't care what analysts or big boys think or do. Tiger has been especially wrong lately. I think many are bailing on this name.
Well I just added to my short at $100.25...more as a trade though. I will keep a core short for the long run...near term I think Z goes back under $95 by tomorrow's close.
It's their non-GAAP reported number, which I think they can tailor some. I think it was $(.07) on GAAP...in-line revenues. I guess they will guide on the call in a few minutes.
Hard to say for sure, but tax-loss selling season is only starting and this is a heavily retail-owned name, more susceptible to that phenomenon, so maybe you made a good sale.
In this case, FBI involvement is a good thing to new buyers. All the bad news is out there. May be some pressure from institutions that didn't sell last week...but little doubt today is a final flush day.