Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Velti: Next Stop, $0

Back in March, when shares of Velti (VELT) sunk to then fresh, new lows in the $2 range, I made the following comment on a StockTalk thread,

Fast forwarding to today, and we see that the shares now trade at a mere $0.34/share, or an 83% loss after doing precisely what I had predicted. I believe that investors should avoid the temptation to speculate on this name, particularly as it is highly probable that Velti's common stock holders will be entirely wiped out within the next 3-6 months. The business is in such dire shape that even short term speculation betting on a near-term short covering rally is unlikely, particularly as it is not likely that the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details