I apologize, I shouldn't have jumped you like that....but the world of message boards is an odd place.
I do agree that, if done right, a secondary can be a very good thing as long as the company is wise with the proceeds.
If you consider this a nosedive, perhaps not the stock for you. That said, basically every tiny stock is down hard today, lots of weakness in the little guys. Not due do selling but due to lack of buying as evidenced by low volume on many....including MCZ. The difference is that with MCZ you need to be buying because the tide is rising and a tidal wave is approaching.....it arrives in December and will be reported in early Feb.
That was real nice of you....tossing out - "might get in at the time of their secondary later in the year..."
You actually sounded like a credible decent chap right up to that point. Then you do the soft bash. I guess that's fine since you are upfront about maybe buying in.
There is ZERO chance of a secondary with the stock price this low and the company generating free cash flow.
Many years of experience in the world of tech ...though I am often wrong....no way does Amazon do something like this unless they are confident they can sell 10 to 20 million plus over the first couple years.....only way to get there is quickly.....the price they are selling at screams super high volume components.....the rank of the product on Amazon's own site......just stuff like that. You can also google FireTv sales and find some other estimates out there in the multi-million range....though I doubt they are any more scientific than mine or yours.
....and I would guess about 1 out of 150 FireTv buyers buy a controller.....but I would guess that percentage will start to rise. just guesses
Hi Ron,.....perhaps you should farm out your research....way way more than 140,000 Firetvs have been sold. You are likely too low by a factor of about 20 or 30....number is likely 3 or 4 million at this point.
I really don't think they would be able to get enough shares in order to ensure the results of a vote. Although I will admit it depends from who the offer is made......In other words, if it came from Freddy Wheeler Dealer Smith, then I would probably sell in a heartbeat when it popped to 1.40. If it came from a recognizable big fish company or person or PE group then I would hold out for more. Something above $2.
Now there's a topic that we all have strong opinions on. I do like using multiples of sales to value a company, it works reasonably well. That said, for a tech company with a clean balance sheet and good forward prospects (solid product lines, improving markets, profitability, ramping revenue, etc.) a 2X multiple is very possible and might even prove to be conservative. My take is that MCZ is worth $2 right now and when they cross above $200 mil with $300 mil in sight, they will be worth $7 or $8 by the end of CY2015. All it takes is a little execution.
It will be interesting to see if they push this hard for Thanksgiving/Christmas. Sounds like it is ready for prime-time.
Turning 15k into 60k in that short of a time is fantastic.....and if you're going to have most of your eggs in one basket it might as well be the right basket! Congrats, I like that sort of story.
MCZ....sure "feels" like it is on the verge of a big move, cannot really quantify "feel", maybe just gut instinct. Today was encouraging.
....ah, er....psst, (please drop the hint)
Seriously though, Congrats on your buys today, I think your timing is good as MCZ is on its way up. Cheers.
Likely more than one since 5% of 64.1mil shares is 3.2million. If the same person/entity then they would have had to file a SEC form 13 for owning more than 5%.....unless there are ways around this?
slow. I always wondered why one would accumulate shares by "buying big and all of the sudden". In other words, why not just buy 100k shares a day for 5 days rather than 500k shares "all at once out of the blue."
It just hit me that by spiking the stock you shake out more shares quickly than by slowly steadily buying. I think the buyer ends up with a lower avg price doing it this way than in a quieter slower fashion. Maybe a psyc major could tell me.
Hi gtat, About all I can tell you is what I currently own....HTCH, MCZ, INVE, ANR, ACI, NTWK, VTSI, BAC, SPDC. I also own some big boring dividend sort of stocks, stuff like GXP, SO, MRK, PFE, etc.
I added shares of MCZ and VTSI yesterday. Only buy VTSI if you enjoy pain and are willing to wait anywhere from days to decades for the payoff.
Safest time to buy MCZ might be after the upcoming conf call in late July, early Aug. Likewise, safest time to buy HTCH might be after the upcoming late July conf call. I consider both of these to be the ones that will move significantly higher over the next 9 months and beyond.
I consider ANR and ACI to be sure things over the next several years. Also BAC but gains will be much smaller. SPDC has great management now and is going to grow the top line super fast with their armed forces contracts kicking in.
Good luck and congrats again on GTAT.