emory, Wishful thinking and relentless bashing will get you nowhere. Just take a deep breath, buy back your 17 shares and relax.
Because of the perception (real to many) that Target is a real company, more credible than Amazon, real customer service, great stores that consumers know and trust. That's not what I believe but many do. I would order from Amazon.
The preorders will drive everything. If Target and Walmart are happy/excited by the numbers, THEY will come knocking on the Mad Catz door and GIVE them the shelf space.
It took me a whole 2 minutes to go to the websites for Best Buy, Walmart, Target, GameStop and confirm that all are accepting preorders right now! Nice. Sort of fun to do the math on $250 x .4? x 1,000,000......and 1,000,000 is a fraction of the number they will sell. Then think about the margins on the dongle and the publishing and ....share price is a sick joke and a heck of an opportunity.
Even emoronry is working overtime.....bullish!
65 makes sense if you are trying to get some of your customers into the stock.
I sort of figured a 4 cent move, just thought it would be up. I like the action though, shows eyes are on it.
Simple as this for me: 20 cents X 15 + good outlook for FY17 = $5 in less than a year.
The funniest thing I noticed today was how Roth (or someone) backdated their EPS estimates showing numbers from 90, 60, 30 days ago (10cents) that DID NOT EVER exist during those timeframes. Weird.
I really like your idea. Lots of different ways to look at the data also holds promise. For example, litigation costs before/after, officer involved shootings before/after, successful outcomes before/after, officer morale before/after, department budgets before/after, community morale before/after, and probably about 20 others I haven't thought of. Only issue with this sort of thing is that it takes manpower, maybe a full time job for 6 months for someone who is really good with data, queries, phone calls, excel, powerpoint, analysis. Also, a marketing/sales force willing to use the info. Biggest challenge is that lots of this info is a little "fuzzy", but that too creates opportunity to massage to one's advantage.
June is the new October!
[June, 2015 is the new October, 2010]
danny's post motivated me to look at daily prices in 2010. Take a look at daily prices and volume in October, 2010 and tell me what it looks like. It is obvious. It looks EXACTLY like the most recent month of trading up through Thursday, EXACTLY. The exact same open, low, close and volume the super tight trading range. The whole month of October 2010 was 44/45 cents with many days of 100k volume. Sounds familiar.
MCZ is going to move upward earlier this time. This also makes sense based on psychology (no one wants to miss what is obviously coming) and based on probability-of-success (RB3 was a short blip of success, company financially now better run, built for more enduring growth) and and and. Cheers.
really begin. If you look at a multiyear chart of MCZ it is sort of neat. Well defined resistance levels and nice steps up to the next ones.....until it crosses 90, then nothing until 2.4-ish. If that isn't enough to get your motors running, then instead start doing some PE math on 20cents, or some PS math on $150mil this year and $200+mil next year. The 53 and 56 cent resistance levels are weak, the 75 will take some volume to get through.
The stock is hardly in a freefall. Sure, it has gone from 17 cents to 10.5 cents but it has done so on extremely little volume. It has also done so for no good reason at all. The company continues to march forward and deliver profitable revenue growth while maintaining a great balance sheet. If you want to see freefall, look at SPDC, if you want to see waterfall look at ANR. joehelm's advice is correct, if you want to see the stock go up simply buy some. If you tried to buy 200k or 300k shares (a measly $30,000 worth) on Monday, I'll bet you would have to get into the 13.5 cent range to do it. The question we all need to ask ourselves is "What is this company worth?" At 10.5 cents, the market cap is $16.6million and current enterprise value is likely $15million-ish. I don't think there would be a snowball's chance in H E double hockey stix that the company could be purchased for that price. They will likely do $15 to $18mil in revenue this year at bottom line net profit margin north of 10% and add $1 or $2mil to the balance sheet. So as long as they keep growing year after year, all us longs will be well taken care of.
Yep, every once in awhile something clicks.
Through 20+ years I've developed lots of new products and mainly led teams of design engineers, process engineers, tooling engineers, marketing, finance, purchasing, etc. in developing new products in 3 different industries. Many of these included at least some plastic parts. Most were high volume. The biggest challenge in almost every one of these developments from a project timeline standpoint was the tooling (it always took a really long time...and that was with multi-billion dollar companies on my business card and almost unlimited budgets in some cases).
another reason why Mad Catz will not need as much "up front" money. I just spent an hour+ watching all the Rock Band 4 stuff on youtube. For most of it, I just sat there basically impressed thinking "pretty cool stuff" and lots of people have sure watched this stuff. A pretty professional PR effort.
Then I was struck by the ah ha moment. All just my opinion.....It was this: Much of the same tooling that was used for RB3 was likely brought out of storage and reused to make many of the RB4 big plastic parts. This is why the form factors of RB4 guitar and drums are the same as RB3. This was incredibly smart decision by someone. It ensures they will not miss dates, it ensures low capital cost, it was brilliant. These instruments will still all be much better and more robust than RB3 due to internal component changes, better switches, also up to date colors and styling, etc. When I say "tooling" I am talking about the big blocks of tooling steel that are machined out so the plastic can be injected into them. This is where all the upfront money is spent on this sort of development. It is also where ALL THE RISK is with respect to lead times. Physically big tooling like this takes several months to machine, try, and modify. The costs for tooling (and time to build those tools) for physically large very high volume plastic parts goes up exponentially with the size of the parts. The biggest parts are some of the guitar body and drum body parts. This is why they are the same size as RB3! Sheer brilliance.
Smaller plastic parts can be tooled more inexpensively and make better use of multi-cavity tooling so likely some new tooling was required. Also, even the reused RB3 tooling can still likely be modified a bit with "inserts" (tooling guys will understand) in order to improve strength and robustness. My confidence level has just gone up.....a lot.
I would guess all the shares are already placed (meaning in the hands of the buyer(s)). Yesterday's volume spike was likely simply two things...market reaction to the secondary AND maybe some of the secondary shares being sold directly into the market.
The vast majority of this secondary was likely sold to 2 or 3 buyers via private transaction so that volume is not going to appear anywhere.
you excited about a company like Mad Catz then nothing will. What I liked is that here is a brand new product in a brand new market that is apparently going to require a ton of accessories - controllers and more. I doubt whether Mad Catz is supplying any of the stuff mentioned....yet. However, I'll bet they will be.....soon. Cheers.
Yet another reason someone(s) will ensure this is well over $2.56 by Summer, 2016.
So, between noon (Eastern) on July 2nd and October 16th it is only going to rise 29 cents? Seems absurd.
I agree with the "good strategy" sentiment you expressed in your first paragraph. My guess is the CEO and CFO have learned some lessons from their prior retail shelf space unprofitable efforts. If I'm a retailer, I would sure be more receptive to this sort of approach than one with 30 different SKUs, some of which are very low price. Two SKUs that are "high buck" and "visible" and obvious Christmas gifts would make sense to me. Also eases a ton of distribution worries.
At least it is already mid-June....not too long to wait.