Personally, I've given up on this company. I'm still long, almost as much as ever, and I'll probably stick it out with a fatalistic bent. What the hell -- I can't lose anymore than I already have.
I always regarded NUKO's downside as zero, and the risk reward as quite positive.I gave management the benefit of the doubt. Things can go wrong in business. I always thought the technology was there, and the stock was consistently overly punished.
Now my expectation is zero.
My viewpoint has changed because, as you allude, there have been so many disappointments -- so many business models changed, big name customers' name value flaunted, targets exagerated and missed, analysts given unrealistic expectations, numbers restated, insider sales, deferred revenue never realized, etc., etc. that it strains credibility to believe either that this trend will magically be broken, or that consistent disappointment can be a product of bad luck or even moderate business incompetence.
Where are the deals?
Where are the deals?
I'd be happy to apologize for what can be inferred here, but I just don't think there will be any deals. We've heard that "discussions are going on." and language that leads by connotation.
Where are the deals?
In answer to David S whose email eddress is not listed, I use the balance sheet to figure net worth.
These deals appear to be the last chance. The bleeding must be stopped because there's not much blood left, and much of it is borrowed blood. The only other choice is severe dilution at these prices.
You can't just keep diluting value by 30% every quarter simply to replenish the money you've lost that quarter, can you?
Happy to hear reasons for more optimistic views. |
