RE:The Baystreet Alwayswrongalists You can't really blame the analysts completely. The company gave guidance which was ridiculous for them to work off. As adamchess pointed out, the market was lead to believe they would be cashflowing around $400 million a year which could have been used for growth and debt reduction. They only increased cash position by $17 million last quarter and still have the lawsuits, Cma and Uk bill which could make that easily dissappear. They also will have increased interest expense of over $31 million next year from the new note issue which will dig further into this even with the divi suspended. The investor presentation also used proforma numbers from Q2 which lead investors to have a false sense of the security on the new notes and then weeks later those numbers are out the window as q over q revenues declined 20%. With increased competition and pricing pressure the company faces, I doubt they will cover interest with their cashflow within 1 or 2 quarters.
juniorbullalive wrote: These overpaid hucksters on Baystreet are unbeleivable -the creature thats called "analyst" is a joke . Their sole function is to put a target price higher if the stock is rising and lower targets if a stock is falling -just watch -I gaurantee you -as this stock continues its ascent the cockroaches will come out of their corner and raise their opinion to at least hold , maybe buy -happens EVERY time !