The Market Hick

In the Cat Bird Seat: A Review of Emcore’s Business

A few comments: 1)Basing analysis solely on information gleaned from message boards and bloggers is very dangerous,use some fundamental analysis.The financial statements are horrible,operating margins suck compared to other PV companies.They may be debt free but only thanks to massive dilution of current shareholders' stake in the company.Balance sheet has a lot of goodwill and intangibles that should be written down soon if substantial revenue acceleration is not seen.
2)Contracts with WWAT aren't worth the paper they're printed on.Period.
3)To reach the conclusion that substantially all of the short interest is naked is wrong.Mutual funds are free to loan their shares out(and I wouldn't be surprised if Quercus loaned theirs out or shorted against the box).Also of the approximately 54 million shares held by institutions,10% are held by index funds.They don't do research into the company, they're just trying to replicate an index.
4)Of the insiders holding stock, the one that really matters is Hong Hou,CEO and he only has 118,000 shares after selling half his position last December at a price almost3X where its trading today.
5) Quercus the big inside holder has large holdings in similar questionable companies.I haven't researched their cost basis in EMKR or any other companies in their portfolio, I don't want to because I've done enough homework to realize this stock is nothing more than a long shot gamble, and I'd have just as much luck laying money down on who would win the Super Bowl next year.