Care to elaborate a bit? It's early enough in the evening that I understand the meaning of contrarian, but a bit of color would be of interest. Thanks.
I guess the good thing about buying shares per your plan is that you will not have your money tied up too soon, the down side might be you give up some percentage of total return in exchange for the "sure thing" or "more-sure thing". You are also less likely to lose money so I can understand your plan.
I just think that days like today are beautiful times to accumulate shares because they are just hanging there ready to be plucked and (for me) 6 months (worse case) is a short time to wait for a double-plus.
As always, time will tell. Good luck.
Silly seller.....but Thank You!
MCZ-the stock.....this action (or lack thereof) is really stupid (as joey said below). Think about it....The Mad Catz CEO has told the investing public that Mad Catz will have higher revenue than last year and be profitable. He has said the current quarter will have higher revenue than year ago. Then package all that with the console cycle, the insider buying, the truly spectacular balance sheet improvement......AND THE STOCK DOES NOTHING. Sometimes with tiny company stocks things can go un-noticed for a year or so BUT with MCZ there is a strong history of beautiful powerful upward stock moves that were based on far fluffier foundations than we have today. Today there are actually real sustainable reasons why the stock should be much higher. I am certain it will be much higher in the near future.
None of this would matter if there were any buyers......or any sellers. Volume is nothing.
Excellent point and interesting comparison.....VTSI has more revenue than IMSC, More Cash, Less Debt. VTSI is profitable, losses for IMSC, and on and on. VTSI looks better in every way......
IMSC Market Cap is $90million and they have $40+million in Debt!!!!
VTSI Market Cap is $8million and they have $1million in CASH!
Our day will come.
Looks like DRAD has taken a step up to a new trading level. Super great buy-and-forget-about-it stock.....at least for the next 2 or 3 years and maybe lots longer. Nice to own one that you don't have to watch very closely.
Pull up a 5 year chart or a 2 year chart, 27cents seems reasonable. Point being, your case is not a slam dunk. That said, I would guess they up the offer in the mid-30s......which I why I might just be a shareholder by days end....or not, haven't decided yet for sure.
Agree. I will stick with it for awhile longer though I don't own much. Given all the stuff the company has gone through the last couple months, an update from management would be a good thing. Doubt it will happen though. Puzzled.
You're probably right. Someone needs to sell and there just are not any buyers right now. If manipulation, then maybe they wouldn't be so careful about not crashing the price, just unload relentlessly.
...Then again, the type of dips I see all the time are like what "they" did to INVE a couple days ago. They dropped it from 14.7 to 13.4 for a day on normal sort of volume. Now a couple days later it is barreling toward 16 on high volume. This is another to buy the dips. I think "they" do it to gather a few more shares prior to the run.....or not.
Panicky? Really?......Sometimes I simply use these boards to "talk to myself" so I remember why I bought a particular stock in the first place. With MCZ, this is an opportunity to own more shares at a lower price, nothing more, nothing less. Someone gave up or is playing games, not sure, doesn't matter. The only important thing for me is that shares are available to buy, that is good.
Over the last month my largest holding (HTCH) has more than doubled, my third largest (INVE) has doubled in two months, and my 4th and 5th are up about 30% and now clearly in a multi year uptrend that will make them 5 - 10 baggers (ACI, ANR). VTSI is flat and MCZ is now about at my average price, ABHI is down but I barely own any, BAC is snapping back and my calls are very green. I am so panicky because if MCZ goes to ZERO I will still have more money than 1 month ago. Strange world dude.
PS of .4
Debt is down over $40mil over the past several years, Net CASH by year end.
PE for current fiscal year of about 4 - 6.
Revenue growth this fiscal year and next and the one after.
Insider BUYING, no selling at all.
A CEO who is on the record saying the company will get to $300mil plus.
Draw a line on a 15yr stock chart at 50 cents, much more time above than below.
Relationships with Amazon and Sony and Microsoft
Product lines that are not one-season-wonders but have staying power.
The CEO vision and execution to transform the company to stay relevant in the mobile era.
Insider Buying, no selling at all.
A CFO who is really good.
A CEO/CFO who understand the Mad Catz issue and have invested in the sales team.
A CEO/CFO who have PROMISED growth and profit in the current FY and beyond.
A stock price at 57 cents that is at multi-dacade lows.
A stock chart that promises $2.50 within 9 months.
This is the surest thing since sliced bread, HTCH at 1.90, or a drunk UWMadison cheerleader. Cheers all.
PS: ps, you are a piece of smelly doggie-do. carry on though since you are making a donkey of yourself.
PSS: Sept 5: MCZ=62 cents, Sept 12=68cents, Nov 12=91cents, Feb 28=177cents, May 2015-MCZ no longer exists, we will have LOGI shares and $1.25 cash instead. ALL IN MY MOST HUMBLE OPINION.
Really?.....Hows Hutch doing?....You're going with that. You should have said...How's MCZ doing?.......and I continue to buy more MCZ....and HTCH....and INVE.....and ANR/ACI....and VTSI.....and BAC calls......and SPDC.......My life does sort of suck, by the time I'm 134 years old I will have only been retired for 90 years.
The one thing I realized about 8 months ago with MCZ is that no one on this message board is capable of playing major manipulation games with the stock. All of the bashers are silly small-time. Some of the longs with money are true investors with a bit of trader in them but they don't play games. Look at the total volume today, meaningless, the stock could be 80 cents or 20 and with only 180k share volume it means nothing.
joey, you and me and others are approaching this correctly for our own needs, buy the few shares that are available and wait for the inevitable move up.....and it isn't going to be a long wait.
No, a confrontation is the wrong approach. You want to preface a challenging question with data to support the point you are trying to make and draw out the info you want AND DO IT POLITELY in sort of a "confused mad professor sort of fashion" all the while reminding the person (CEO) that their job is to make you (me) money. It does work....sometimes.
cc's are different, shareholder meetings are pretty awesome if you ask me, all you have to do is raise your hand, stand up (sometimes), state your name (sometimes), and ask your question directly of the CEO, that is awesome and they have no choice but to listen to you...no choice. I usually preface my questions with a bit of data or background in an effort to anticipate the "canned reply" and sort of force them into saying something meaningful.
EVERY annual shareholder meeting has a Q&A session, I don't know but it might even be required by some law.
I really hope you raise your hand at the shareholder meeting and state those numbers and ask why they still have their jobs. Please do that. These guys do need to answer to someone. Ask them why shareholders should expect anything different going forward. I sure hope you're not the guy who is lightening up, that would almost scare me.