If that was the case stock would not be down 9%. Normally investors look forward 6-12 months out, the problem with NIHD is they have missed for several quarters and they are in the "show me" state. They don't expect to show profitability until 2014. Meanwhile they are expected to spend another $1B for network build.
Again, i believe the best time to buy the stock is by end of Q2
There is at least 2 more bad Qtrs. The primary issue is they are spending on network and not able to sign up enough subscribers.
Second half of 2013 Brazil will contribute nicely, but until then the trader mentality seems to be what will happen the next 15 minutes.
do you have anything meaningful to contribute other than throwing arbitrary price target figures and padding yourself on the back? If you have true conviction in you target then you should be quietly shorting the stock and benefiting. It is easy to tell people "I told you so" when the market is tanking. If the market reverse you will like a fool with you prediction.
they have been stuffing the channel and it finally caught up with them. FIO was clearly prices for high growth that suddenly has gone down the drain. Look at revenue and EPS estimates for this Qtr and next BOTH in RED.
Management said they expect to return to growth AFTER this Qtr. All that means is they will clear the inventory this Qtr and start stuffing the channel again and call it growth.
Just wait till INTEL enter the picture and this puppy will get clobbered.
why do you asssume it's shorts driving the stock down? 13.5M shares have traded, do you honestly think it is shorts?
If you were short wouldn't you be thrilled by 20% decline and call it quits?
This is funds dumping and yes there are always some idiot shorts whol will pile on, but the smart shorts took their 15-20% and called it quits.
on the next leg down for the overall market.
Question you have to ask yourself is what moves the stock higher in short term when the company has clearly disappointed the street and is being placed in the penalty box.
The magnitude of decline suggests this will take months to get fixed.
WTH was Emulex thinking in rejecting the offer? Stock has not seen those levels and Management has failed to deliver with any consistency.
My question is if ELX was attractive take out candidate for BRCM, surely it must be attractive to other competitor's of BRCM.
Is there any list of potential candidates who may take out this puppy and put the shareholders out of their misery? Or does the BOD has to be retired first since they're they one who advised against BRCM offer.
Deutsche Bank Downgrades MGM Resorts (MGM) to Hold, on Near Term Strip Headwinds
6:52 AM ET, 01/29/2013 - Street Insider
Deutsche Bank downgraded MGM Resorts (NYSE: MGM) from Buy to Hold with a price target of $13.00.
The firm comments, "At current levels we see modest remaining upside and a fair, if not risk weighted, risk-reward scenario and hence we are downgrading to Hold from Buy. We see the potential for a near term catalyst with an MGM China dividend which furthers the MGM parent cash flow story, but see few fundamental reasons from here that drive shares meaningfully higher. Furthermore, we see 4Q12 earnings and what we believe are elevated Consensus estimates for Strip performance in 2013 as being potential headwinds for the stock. We do not believe the strong 1H13 group/convention business is enough to mitigate the broader issues that we expect to persist in 2013."
For an analyst ratings summary and ratings history on MGM Resorts click here. For more ratings news on MGM Resorts click here.
of the punishment that gets inflicted on high muliple stocks when growth does not live to expection and competion increase and drive margins lower.
Be very careful with stocks like FIO.
new lows will be set.
"was all driven by long-term deferred revenue, suggesting term-length, not deal volume drove the upside. A lack of license upside with an up-turn in ELA activity should be a concern."
Worlforce reduction of 900 employees validates the slowdown.
too many players in smart phone market. This will PRESSURE Apple's margins.
Apple has enjoyed mjor advantage when they were alone. Now every phone maker has a smart phone much cheaper than iPhone.
iPAD is going through the same process. Soon everyone will have an iPAD and it will eat away from Apple's margins.