Hey, look at this, I'm getting PMs to encourage me to short CCSI:
Go ahead Peter short CCSI, Please do it...
As I told this fellow (who in the past has been none to friendly to the shorts), I'm waiting to see the momentum slow on CCSI before I initiate a short position again. But I suppose he is reading this anyway, to know I was thinking about CCSI again. The cryptic 10-K says it all, CCSI does not want to disclose enough to anyone to show how they are doing with this little decade-long project of theirs.
At today's close, CCSI has a market cap of $160 million on trailing 12-month sales of just $450,000!! Is this bilirubin monitor, even if pretty successful, worth this much market cap? Because they aren't earning squat without it, only .03 per share, or nearly 350 price/sales. Gee, maybe I screwed up by not shorting it today.
Then again, MCHM has a ps ratio of over 3000, a market cap of over 260 million, and sales of only $69,000, and that's why I shorted it today. |
