Say, Bull-
Or "Say, Thread", which is pretty much the same thing. Over on Ragingbull, somebody's claiming (rumor mongering?) about MSCC being "very slow" to pay their suppliers recently. If that's true, it's probably not a good sign, as it probably indicates a cash crunch (the gent at Bull claimed over a month ago that the stock would be "3 plus" soon, but he failed to specify what "plus" meant. Maybe he's the Delphic type.). In any case, do you- or anyone- have any insight into their payment practices toward suppliers?
If they were really facing a cash crunch, I question whether or not we'd be seeing the new product announcements we've seen this year.
Several weeks ago, they announced the sale of an Indian subsidiary, claiming it was difficult to control the subsidiary. It was a rather small operation, but had been part of the company for a long time, and I was curious if anybody knew any details.
I've been trading this stock fairly successfully in recent months ... sold at 7 a few weeks ago, bought back at 5.90 yesterday. Then I thought the stock was getting away from me ... I guess the short term proof of the pudding will be Nov 21 or thereabouts when they announce earnings.
Larry |
