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Ron Reed  

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  • Zagg (ZAGG +2.5%) approves a $10M buyback program. Shares will be purchased over the next twelve months at the company's discretion. [View news story]
    Here comes the short squeeze. Maybe we'll see some more realistic numbers for the stock come tomorrow. Good solid company with only rumors trying to bring it down.
    Dec 13, 2012. 11:29 AM | Likes Like |Link to Comment
  • ZAGG Announces Share Repurchase Program [View article]
    Here comes the squeeze.
    Dec 13, 2012. 11:28 AM | Likes Like |Link to Comment
  • Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker A123 Systems (AONE) auctioned this week, for a reported $250M-$260M. AONE filed for bankruptcy in October after a financing deal with Wanxiang fell through. [View news story]
    No.
    Dec 8, 2012. 07:17 PM | Likes Like |Link to Comment
  • Groupon (GRPN +22.8%) ended up staging a monumental rally/short-squeeze today, and it looks as if Google (GOOG) acquisition rumors were the trigger. Google famously made a $6B offer for Groupon a year before it went public; even after today's move, the company is presently worth just $3.1B. But Groupon's prospects aren't looking as rosy as they used to. Volume was nearly 3x the daily average. (previous[View news story]
    The real question is why would google buy them now? Short this rumor or sell on this up swing.
    Dec 8, 2012. 12:31 PM | Likes Like |Link to Comment
  • SandRidge Energy (SD +5.5%) shares are strong as TPG-Axon, agitating for changes at the company including the ouster of CEO Tom Ward, launches a website providing detailed information regarding how SD shareholders may cast their votes in favor of the hedge fund’s proposals. [View news story]
    Which is exactly what TGP is trying to do. Take a look at the website, it is actually pretty well put together and simply the facts left for you to browse.
    Dec 7, 2012. 12:00 PM | Likes Like |Link to Comment
  • A123 (AONE) should see at least four bidders come in to try and buy the company out of bankruptcy at an auction that starts today. Johnson Controls (JCI +0.6%), NEC, Siemens (SI), and Wanxiang all qualified to bid for parts of the lithium-ion battery maker. [View news story]
    As a shareholder you will likely not see any return at all. The AONEQ stock will simply no longer be listed and the buyer will take all the assets. It is very rare that Bankruptcy courts have the buyer pay anything at all to the shareholder. Beyond that, WXG has a significant interest in the operation holding first return since it is the DIP (debtor in possession) They will be paid back first before any other debts are paid. I'm not certain where the US Gov't is in terms of place in line for pay-back of investment, but between what they owe to WXG and what they owe the US G. that pretty well covers all the value of the physical assets much less the rest of the debt they owe. If you hold shares you may as well hang it up for any return.
    Dec 6, 2012. 05:08 PM | Likes Like |Link to Comment
  • A123's Bankruptcy Auction: U.S., Chinese, Global Players Contend [View article]
    Normally the stock holders do not get anything. Depending on how many shares you are holding: If you are holding onto stock you should either sell it for the 0.08 it is worth right now, or if that will not even pay for the commission on it to sell, then just use it as a write-off for this year.
    Dec 3, 2012. 05:39 PM | Likes Like |Link to Comment
  • The cloud infrastructure market is officially seeing a price war. A day after Amazon (AMZN) cut prices by 24%-27% for its popular S3 storage service, Google (GOOG) is cutting prices for its storage offering for the second time this week: between today's drop and Monday's, Google has slashed prices by over 30%. Google and Amazon probably have the scale and cost structures needed to handle a price war, but Rackspace (RAX), which has already said it won't compete on price, could be in a tougher spot. Will Microsoft cut prices next? [View news story]
    I agree, AMZN is also extremely over valued and I have it shorted.
    Nov 30, 2012. 10:11 AM | Likes Like |Link to Comment
  • The cloud infrastructure market is officially seeing a price war. A day after Amazon (AMZN) cut prices by 24%-27% for its popular S3 storage service, Google (GOOG) is cutting prices for its storage offering for the second time this week: between today's drop and Monday's, Google has slashed prices by over 30%. Google and Amazon probably have the scale and cost structures needed to handle a price war, but Rackspace (RAX), which has already said it won't compete on price, could be in a tougher spot. Will Microsoft cut prices next? [View news story]
    Really?! All the reasons you listed that they will continue to soar in the face of a price lowering, are the same reasons we all heard that Walmart would never succeed. How did that work out? Large companies that have low prices that get used by other large companies only need to court the top end management to win the contract; what the IT guys in the field have to deal with, well that is the cost savings to the company. I do grant that smaller companies and choice folks will pick the better service, but in the grand scheme they are small money. The large question becomes is that small niche enough to keep them afloat, and more important is it enough to justify the insane P/E that RAX has? I admit I don't think so. I think RAX is a great company, but they are way overpriced (stock price) and cannot justify it.
    Nov 29, 2012. 07:18 PM | Likes Like |Link to Comment
  • Shares of SodaStream (SODA) move up 1.8% premarket after Green Mountain Coffee Roasters delivers a powerful FQ4 report. The boisterous company made the news in the U.K. after regulators pulled an ad deemed too aggressive with claims against the bottled drink heavyweights such as Coca-Cola and PepsiCo. [View news story]
    Surly it is not the same ad shown here in the States, exploding pop bottles everywhere....aggressive, I think not.
    Nov 28, 2012. 09:10 AM | Likes Like |Link to Comment
  • Skullcandy (SKUL): Q3 EPS of $0.23 in-line. Revenue of $71M (+17.1% Y/Y) beats by $1.1M. Shares -2.7% AH. (PR[View news story]
    Shorts control this stock, low interest of the general public and a high short % call for a short control.
    Nov 20, 2012. 04:04 PM | Likes Like |Link to Comment
  • SodaStream Reaches Out To Crush Its Shorts [View article]
    Gosh, what a surprise. Soda blew the shorts again, came in at higher than expected earnings like it has in all but one of its reports since going public. Long-term this will turn out to be one of the better investments we've made. I do admit, I too join the shorts when the stock gets on up there, but I only do it to ride the wave.
    Nov 7, 2012. 08:44 AM | 2 Likes Like |Link to Comment
  • More on SodaStream's (SODA) Q3: Showed revenue growth across all geographic regions, paced by a 61% Y/Y rise in the Americas to $38.7M. By segment, Soda Maker Starter Kits sales rose 37% to $46.5M, while Consumables revenue up 55% to $63M. Gross margin improved by 70 bps to 54.2%. Expects 2012 revenue of $289M, up 46% Y/Y higher and well-above previous guidance. SODA +9.8% premarket. (PR[View news story]
    I sure do love this company! They keep setting the bar higher and higher and the shorts just keep falling for it.
    Nov 7, 2012. 07:43 AM | Likes Like |Link to Comment
  • Why I Went Short This High-Flying 'Cloud' Stock Today [View article]
    I would not expect them to move much unless the stock price does, you'll simply see the value evaporate over the rest of its time.
    Nov 6, 2012. 05:46 PM | Likes Like |Link to Comment
  • Zagg (ZAGG): Q3 EPS of $0.26 beats by $0.10. Revenue of $59.8M (+30.3% Y/Y) misses by $1M. Shares +5.8% AH. (PR[View news story]
    While that may sound good on its face, you'll never amass enough to make a difference. Beyond that, I like shorts, they give me entry points lower than would otherwise be there and exit points when there is a rush to cover. I have no problem selling stock in a company I'm long (long term) knowing that it will fall again and give me another entry point.
    Nov 2, 2012. 07:41 AM | 1 Like Like |Link to Comment
COMMENTS STATS
319 Comments
309 Likes