Dude....Are you one of those loser people that actually have a day job so you can only post here in the evening? That would be insane. What is a job?
mentioned in a Forbes article it is about a sure thing to get cut in half.....maybe start nibbling sub-$14. Cheers all.
I own some CDI, most below $5. Also recently bought a pile of sub-$2 IPI and some sub-$4 RFP yesterday. All for the long term. Between now and April 5th, VTSI goes above 18 cents. They will announce end of year results in very late March and Q1 in mid-May. Results will be better than stellar. Also been slowly soaking up some EMMS shares and BAC and HPT and PNNT. Good ole HTCH has saved my bacon. And I continue buying MCZ every week.
micro, I have heard of it, however, your definition is incorrect. I am a true believer in every stock I own. Otherwise I would not own them. As soon as I stop believing in a stock, I sell it.
One question for you......Do you own more, less, or the same number of MCZ shares as about 1 month ago?
I own more.
and Hutch just got taken out at $4 after trading sub-$1.50 for quite awhile and with a bunch of debt. So why post what you did?
Basically every post you have made in the last 6 months has had a decidedly negative slant to it. If you want to soft bash, that is fine, but don't claim to still own all your shares. You clearly do not. Which is fine. I hope you have shifted wisely and it looks promising for you with KTCC and likely some others. That is a good thing. I just don't understand your need to bash. But it doesn't much matter whether I get it or not as it is all entertaining on at least some level.
Like with jerry, I really do hope you make a ton of money wherever it resides.
I truly hope you make a ton of money on your option trades. The cool thing about options is that if you make $1, that means someone else lost that $1. It is a true net zero sum game. This is what differentiates it from buying and selling stocks. With stocks, everyone can win (or lose) and wealth is truly created and destroyed. With options, money/wealth simply transfers from one person to the other.
So, if you are consistently making money with option trades, you are truly smarter than most and obviously smarter than the guy on the other end of the trade. That is what makes options a big rush when you win.....and is why I do not do much option trading anymore as I realized I am not that smart.
Conf call was encouraging. Div likely to hold and brighter times ahead. Feels the company is being overly punished.
Simply that 63% of the time that a company releases a poor quarterly report they immediately follow it up with some sort of good news PR in an effort to mitigate the carnage caused by the bad report.
The PR that Mad Catz issued today was clearly good news...as in very good news and yet they chose to issue it today rather than use it post earnings release. So, it might suggest that next week's report is not expected to cause carnage to the downside.
hopeful, Everything you said is certainly true to some extent. My personal opinion is that there is only a very small risk that they mis-manage the big RB4 revenue and earnings from Q3. It just has to help in that they have been through this before (if not, God help us all). It also has to help that RB4 is likely to have longer legs than RB3 with respect to both the sales cycle and slice of the pie that Mad Catz "gets." I would also argue that it is a "good problem to have"....and sets the tone for deals with other partners. I certainly agree with you that buyers will return in droves if they do execute well. That said, people do need to understand that the big balance sheet improvement happens in Q4 since that is when they get paid. Good luck to all of us.
Ron, It really isn't all that weird given the context of MCZ announced performance in the previous Q3, Q4, Q1, Q2 and an overall stock market that has small caps down about 27% based on the Russell indices.
Think about what Mad Catz has taught investors in the above referenced quarters. First, no matter what the revenue level, EPS will be breakeven at best. Second, if we (Mad Catz) do need some money we will sell some shares. Third, while the stock seems inexpensive, it isn't so cheap that we (insiders) want to buy more shares for our personal accounts. Put all that together and it is rather remarkable the stock is the same price today as 1 year ago. So even with all the negative perceptions it has at least performed as well as the overall market and actually probably performed far better than the majority of micro cap companies.
The reason for the outperformance is obviously the relatively minor impact that RB4 and VR and Capcom and other efforts have had on perception.
Starting with the upcoming Q3 release, many of the above lessons are going to be shown to have been false and new lessons will become reality and shape perception. Revenue will be approx. 2.5 to 3X higher than year ago with true bottom line EPS profit. No matter what the outstanding share count at quarter end, it will be far LESS than what the market is anticipating. Furthermore, it is likely that Q4 will result in relatively great performance vs. last Q4 and the cash generation will be enormous. Again, these are the new lessons that will shape perceptions and drive share price far higher than where we are today.
The trading volumes are anemic because no one cares right now. It seems obvious to me that some long time holders that used to post regularly here have sold and moved on. They have learned the wrong lessons.
Brighter days ahead.
You must have a really small pea shooter, volume has been about nothing the last couple weeks.....so if you did sell, no one noticed. If you are going to make stupid claims, you should at least pick a high volume day or days.
You are a kind soul not to light up Stephen. I read his post earlier today and was rendered speechless.
I know what you mean. I logged in to my kids college accounts a few days ago and was pleasantly surprised to see how well they were doing.....lots of SO and GXP stock in both. I should have done the same in mine. I bought the SO and GXP shares quite a few years ago and typically pay little attention to these "boring" accounts.