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Shares of Verifone (PAY -38.5%) continue their plunge as one analyst downgrade on top of another...

  • Thursday, February 21, 11:54 AM ET
    Shares of Verifone (PAY -38.5%) continue their plunge as one analyst downgrade on top of another piles up after the company's preliminary FQ1 earnings report comes in dismal and Square hits the market with a new point-of-sale system. Amid the abandonment of the stock, SunTrust comes clean: "We are simply at a loss to explain such a huge miss."
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This news story has 2 comments:

  •  
    There is a to tell the truth problem with this Co.
    21 Feb, 02:06 PM Reply Like
  •  
    This looks like a death spiral. Management owns only a small percent of the float, and with a 4 days to cover short ratio, there are no buyers left. Expect to hear from Macquarie Group Limited (Australia); they own 12% of the stock.
    21 Feb, 03:07 PM Reply Like
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