I bought yesterday at 9.55 I am loving life here when they announce second home builder deal stock will be teenager again
you fools selling don't listen to the analysts, cross-sell of A/V Lead products to their channel and new home builder news will run stock back to teens and $20+
debt will never be paid out, stock will go to $1 and they will issue 500MM shares to convert 1/2 debt into equity after blowing up everyone.
small businesses (1-5 customers as per EIGI materials) which are the bulk of their subscribers, go out of business, owners die, or they get sold 25%-35% per year on their own, churn cannot go below 2%. On that basis alone, this stock is a strong sell with $1BN in debt trading at 6x sales. Then you throw in all the other issues - this product can and should be given away for free to those businesses. Oh wait, it is! Facebook!!!
GLUU may run to $10 now
look how that worked out! EIGI going to that range quickly --- $3 handle
no way churn can be 1%, they are not turning off accounts when customers leave and looks like numbers don't add up, they will need to restate best case scenario, delay 10Q, auditors will cleanse this mess now, rollups never work see ICLD for proof of a disaster for 2014. EIGI will do the same.
EBIX was a different animal, this company is massively leveraged and numbers are cooked, they will have to restate and they will post no growth on 5-5, stock will implode to single digits
this will go to 4x-6x EBITDA stock is going to low single digits if they restructure their debt maybe $1
bandwidth IP business has always been stone on neck, CEO is garbage
they don't know what they are doing