• John Rayhall
    So SMSI is down 85% on the year. They are at $1.44 now yet they have 0 debt on their balance sheet and they have $1.74 in cash? Correct?
    10/13/11
    Reply (22)
    • Michael Stuart: That's what I'm seeing too. They keep on losing money though...
      10/13/11
    • John Rayhall: Ya I'm tempted to take a take a shot though their book value right now is much higher like in the 4s? They still have a good balance sheet.
      10/13/11
    • John Rayhall: What is their problem the CEO? The industry? The worldwide economy? All of the above? Lol
      10/13/11
    • Michael Stuart: No idea, though it looks like revenue down ~50% YoY.
      10/13/11
    • John Rayhall: Ok well the company was founded in 1982 IPO'ed in 1996 survived the dot com bust, so are they going to fail now? I'm intrigued.
      10/13/11
    • Michael Stuart: Looking back at last 5 years Rev. kept growing and decided to fall off a cliff in Q1 2011.
      10/13/11
    • John Rayhall: Hmm ok is it because they lost a major customer? I would love to see someone smarter than me do an analysis on this lol
      10/13/11
    • Michael Stuart: Here's transcript of last quarter CC http://seekingalpha.com/a/635p, looks like 3 major customers are the big cell carriers.
      10/13/11
    • John Rayhall: Ya I just was looking at that he says these are - very challenging times for our company
      10/13/11
    • John Rayhall: Looks like they are havimg trouble with the 4G roll out.
      10/13/11
    • Michael Stuart: Doesn't seem like an all-bad story and one that might pick up again. Might be good for a small speculative buy.
      10/13/11
    • Michael Stuart: Funny, the stock's been here in the gutter before. Jumped up pretty high afterwards. I might actually buy some tomorrow as a hold and pray.
      10/13/11
    • John Rayhall: Sorry I was at the gym. I'm thinking like 1000-2000 shares and see what happens? Maybe it will have a comeback one day.
      10/13/11
    • Michael Stuart: I'll dive in for an 100, company isn't going anywhere for awhile, if the situation starts to improve all go in for more. It'd be nice for a
      10/13/11
    • Michael Stuart: 2002-2010 replay on it.
      10/13/11
    • John Rayhall: Haha ok maybe less than a 1000 is better. Don't want to get too over zealous
      10/13/11
    • John Rayhall: My spec kinda play right now is ZAGG in 350 at 12.83 see what happens with that maybe swich to SMSI
      10/13/11
    • Michael Stuart: That seems like it could work out well! Hopefully SMSI gets its act together and we can sell out for $10 :)
      10/13/11
    • John Rayhall: Ya I think so too! Hope we're right! Lol
      10/13/11
    • Michael Stuart: If not, what's $150 in the long run? :)
      10/13/11
    • John Rayhall: Ya I've spent that out on weekends before. No risk no reward right?
      10/13/11
    • John Rayhall: I ended up buying 50 shares today as my intial purchase for S&Gs.
      10/14/11