MagicJack VocalTec (CALL -9.8%) plummets following a WSJ column that takes a critical look at...
MagicJack VocalTec (CALL -9.8%) plummets following a WSJ column that takes a critical look at the company's strategy of financing stock buybacks by selling put options - a tactic often used by companies in the Dot.com bubble era, but rarely today. The put sales generated $1.6M in profits for magicJack in Q1 (20% of its total), when its shares were rallying, but stands to backfire with the recent decline in the company's stock price.
From other sites
at CNBC.com (Aug 12, 2014)
at MarketWatch.com (Mar 12, 2014)
at CNBC.com (May 9, 2013)
at CNBC.com (Apr 12, 2013)
at MarketWatch.com (Apr 3, 2013)
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