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Bullboard - Stock Discussion Forum VIXS SYSTEMS INC T.VXS

"ViXS Systems Inc provides smart network multimedia processor solutions. It markets and sells its products to providers of video processing and storage equipment who sells their products into the consumer electronics and personal computing markets."

TSX:VXS - Post Discussion

VIXS SYSTEMS INC > Looks like its
View:
Post by bankerboy28 on Apr 14, 2014 3:47pm

Looks like its

pretty much bottomed....I think the issue was the restatement of the revenue...otherwise its probably good to go....will find out more tomorrow after release....target is still $5 or so...its pretty cheap...after the results the insiders will undoubtedly step up to buy or you would think they would based on the IPO price of $4 and now where its trading....this could just be an over reaction to the revenue error and looking back 6 months to a year from now...it could be the smart buy of the year...then there is the Stevie T factor....he buys really cheap value stocks that are doubles or takeover candidates......time will tell....BB28
Comment by hoffbag on Apr 14, 2014 7:43pm
Hope you are right, added a bit today! 80m market cap now.
Comment by bankerboy28 on Apr 14, 2014 7:52pm
Management could not comment because of the "quiet period" before quater and year end....but they will comment with the release tomorrow...it was a software program accounting error....I think this was just a gift...a buying opportunity....the stock is under followed.....Steve T is the only one fund manager that is recommending it....he owns it personally and his family members and his ...more  
Comment by janoe on Apr 15, 2014 9:15am
Software error? Is that purely speculation? I'm confused, you called it a train wreck, said thank goodness you don't own it and now are calling it a gift. #waffle strategy: Buy the stock to gain ownership to the technology before Intel or other Chip Maker buys this outright.
Comment by bankerboy28 on Apr 15, 2014 1:50pm
Good strategy....its so cheap it could be taken out even with the recent IPO....and it was a train wreck going down from $4 to current price of $1.63....but it turns into value at this point...the software comment was right in the news release...BB28
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