JNI Going down - way over valued - way under capitalized.
Cash is only 49M compared to adpt with 549M
stock selling at 1002 times EBITDA, that's obsured
Only one main product accounting for 78% of revenue, and a statement in the 10Q which is the only document that matters, stating that the company believes that the SBUS will be eliminated, even if it is two or three years away, they have very little in the pipeline and could be a $5 stock in a very short time, look at Priceline...
Do you people really want to take the risk, sell the stock now, while you can save some of your profits. Look at the list of insider sellers, theres more than 32 transaction in the past 4 months, doesnt that tell you that mgt is not solidly in the corner of the company. one 10% shareholder bailed completely in August, if the company was really that great, do you think he would have bailed then?? I doubt it.
I am short and proud of it, come join me and put the valuation of this company where it belongs in the real world...
Prof. |
