Congratulations norwalkron! I know it wasn't your intent, but that post is the great-ever soft bash I have read. It makes emory look a 5 thumbed two year old. If the real bashers would ever have the brains and ability to bash like that, they could drive any stock to zippo.
My apologies. I need a cheat sheet to keep track of who is who. Really nothing to be nervous about. If you already own shares, you will have a great return by Christmas. If you don't own shares, now is a great time to buy. If stock goes lower, buy more. If stock starts rising, relax, add more shares and enjoy the ride. If you really want to feel better, simply stay off these message boards and look at the company and stock objectively through your eyes only.
You bash-n-buy guys are sure relentless. But whatever. js, Take a look at the Mad Catz balance sheet in the Summer/Fall of 2010.....and then compare it to now.....especially with respect to cash and debt. Cheers.
Nice to see you working overtime. Making up more stuff yet again. Can you every make a truthful statement? My favorite is your use of "...ORDERED by the stock exchange..." What a daffy thing to say. But whatever, keep the humor coming.
.....and why would you even be messing with a company and stock that you say you despise? Don't answer, we all know the truth my glass doll mei.
I'd bet both my left one and my right one that these are way better terms than what they had with WF.
I think this is a very good thing. This is not the type of thing that is in the Wells Fargo wheelhouse and I was always uncomfortable with them. They are a great bank but focus is residential mortgages, not this sort of stuff. That's why I sort of think Mad Catz was always overpaying for dealing with them.
I think you hit the nail on the head with respect to why the selling happened. Someone misinterpreted what was happening with the Wells Fargo LOC and drew the wrong conclusion.....or not.
This is good news and nice to see the follow through from what the CFO said during the recent cc.
jay, I have had a bit of fun with your rips on me regarding my predictions. I am curious as to what you expect Mad Catz to have for EPS this year and where you see the stock in Feb/March. Have a nice weekend....really!
jkweabm, I am not close to giving up.....As of today, I am still 100% certain that Hutch has significant OIS wins and will announce them within the next several months. I am also 100% certain they are gaining share at Seagate and are working towards 33% market share. Everything Penn has said over the last couple years has happened and is happening.
All that said, IF OIS does not start ramping in late Q4/early Q1 and IF there are no OIS wins announced and IF the stock is not considerably higher and moving up by the end of this calendar year, then I sell and move on......because at that point Penn and colleagues would have lost all credibility in my eyes.
I think it is as simple as my uptabdowntab moniker along with an "atyahoodotcom". Problem is, I never ever check my yahoo email.
Just ask on this board, I am not going to say anything different in an email than I would say here.
You and I apparently live in different worlds. I walk into my house, relatives house, friends house, businesses...all I see are PCs. We have 3 laptops in our house and about every family I know has multiple. The HDD industry includes laptops in the "PC" category. Try using a spreadsheet or word processor or powerpoint or or or ....on a smartphone. McDonalds dead? That's what everyone said a decade and a half ago when the stock was at $9, I hope it gets there again. Every McD is always extremely busy, lots of kids, just like SubWay. Grocery stores? Come on, no one mail orders their food. You are probably correct about TV and Renting vs. Buying.
The good thing about all this is that by the end of this calendar year one of us will have been proven correct about HTCH and we can each move on.
You are also correct that the just completed June quarter could very well come in below their -10% ship guidance. The current Q4 that started today could very well come in +$10million or more over year ago.
The next two cc's and OIS win announcements will be all that matters. It will be interesting to see how quickly investors understand the significance of the first several customers. I would guess it takes less than an hour.
No use beating yourself up. PC Sales like anything else have an ebb and flow to them. Neither Seagate nor WDC saw the PC softening coming even 6 months ago. And the opposite will also be true, none of them will see it coming when it strengthens and exceeds estimates. In the world of HDD, a lifetime is about 3 - 6 months so I doubt we have to wait very long. All the softness means is pent up demand. The market share gains at Seagate help cushion things a bit for Hutch. Also, OIS business will help the revenue and bottom line, likely even in the current quarter....which is already Q4!!! See, time flies.
they want to sell 80,000 shares and then decides to sell at the worst possible time in order to get the lowest possible price? If someone could explain that to me, my life would be complete.
A few little people might be doing that, but the big volume is not.....or if they are, then they are doing a really bad job. Not sure how you make money by dumping shares near the bottom of the channel and not selling near the top. None of us will ever know why someone(s) decided to dump 1+million shares. But usually the obvious answer is the correct one. Someone simply gave up and moved their money elsewhere....either to cover margin debt or take advantage of the swoon in many other stocks. Doesn't much matter. As long as Mad Catz produces GAAP EPS of 20 to 40cents this FY, MCZ will perform just fine.
Mad Catz' integral role in RB4 will lead to other similar (and maybe larger) opportunities with companies like Harmonix. It also will put them on the radar of other companies and fill their coffers with enough cash to be meaningful.
GAAP EPS for the just completed FY was 7 cents. GAAP EPS for the current FY will be at least 25 cents, possibly pushing 40 cents with another tax benefit.
a trailing PE of 6, a current year PE of 2, current year revenue growth approaching 100%, a PS below .4, a balance sheet almost devoid of debt......and a stock price at multi-year lows? Best part of the whole deal is Q2/3 are put up or shut up time. Then we can all either be happy and hold/lighten up.....or sell with a head shake and move on.
Wow, a new low for you. Just blatantly making stuff up.......actually par for the course. Nice typing and formatting though. Well done!.....ha ha