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After a lengthy delay, magicJack VocalTec (CALL +6.1%) announces it will deliver its Q4 report...

After a lengthy delay, magicJack VocalTec (CALL +6.1%) announces it will deliver its Q4 report after tomorrow's close. That's fueling a rally in shares of the VoIP hardware/service provider, which has become a favorite of shorts (40.6% of the float shorted as of March 15) amidst widespread scrutiny of its accounting/business practices. The WSJ recently observed magicJack's use of put sales to fund its buyback program may have begun backfiring thanks to a declining stock price.
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Comments (3)
  • G13Man
    , contributor
    Comments (347) | Send Message
     
    " put sales to fund its buyback program may have begun backfiring "
    isn't this how Ichan is purchasing HLF ? ohhh HLF down again today also... expect both to go up when puts are exercised , cause then they will be out of reach of shorter's ...
    1 Apr 2013, 11:53 AM Reply Like
  • Yokyok
    , contributor
    Comments (330) | Send Message
     
    these guys are nuts. great product but they really need to clean house.
    1 Apr 2013, 12:12 PM Reply Like
  • G13Man
    , contributor
    Comments (347) | Send Message
     
    been using it for 5 yrs
    need and use the internet , but 32 dollars for a phone when 16 goes to fed and state fees uhg..
    magic jack renewed
    1 FREENUMBER U.S. Phone Number - Free 0.00 0.00 09/02/2012
    1 FREECHANGECPN FREE magicJack Number Change 0.00 0.00 09/02/2012
    1 1YR2995 One Year Gold Renewal Plan 29.95 29.95 09/02/2012
    1 REGULATORYFEES4.8 Regulatory and Compliance Expense 1.44 1.44 09/02/2012 ********see it cheaper*****
    ----------------------...
    ORDER TOTAL: 31.39

     

    that is for a year vs a month for VZ
    renew for 5 years in advance even cheaper , yup I use : )
    1 Apr 2013, 12:59 PM Reply Like
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