please fill that gap crm please...yes I'm looking to short it on that gap fill...this is nothing but a stock marketing company:
finance.yahoo.com
they've pretty much unlimited options they'll dilute forever if the market lets them there will never be significant bottom line because they'll dilute dilute dilute....
prints low 20's and I'm short with an add more on a new all-time high print....this company is a throwback to the '90's and I'm amazed the market continues to let them get away with this--nothing more than an options machine, the pr's near daily to keep someone out there interested so they can continue to sell stock, sell stock and sell more stock.
this company is everything that is wrong with the public markets....in less than a year they've increased shares outstanding by 20%+ according to initial prospectus and shares outstanding projected for q2 '05....they'll continue 20% annually if they can get away with it,,,,who in the world wants to own a company in which you know they're going to dilute you 20% every year by insiders exercising options and granting of stock.
PLAY no better unfortunately the reason I took it off the ticker after their first public report---individual investors just don't seem to keep an eye on this sort of thing and for the life of me don't know why. you've got to be careful when a company plan to dilute the value of your shares. MANT in another sector similar---by market cap growth MANT is one of the most successful ipo's of the past 3 years, but because of 2 large dilutive secondaries, original shareholders have not been able to fully benefit in the 3 1/2 X's jump in market cap from ipo....these things matter much more than I see anyone out there really aying attention. if mant had not diluted, share price would be $55ish or so, although they've used that cash to acquite and grow bottom line etc so probably more like $40-$45,,,,, maybe not as good an example as the rampant options exercising of crm/play and something to watch for with morn too.
one reason why I don't mind the prai secondary---they're not diluting me. |
