Post by
31Floors on Apr 17, 2014 1:50am
New presentation
I got out in the high $1.60s before the earnings release and CC, to cut my losses. After listening to the call I had no idea how VXS would trade in the am. I had a chunk of seller's remorse after selling and more after listening to the call. Obviously mgt took a huge hit and deservedly so after its very ambiguous reporting of sales pipelines.
The reported nos. in the hundreds of millions from an old presentation hooked me and others. Pretty telling when half the analysts are still trying to get clarification after the March one was posted w/ the "91 million" number. Mgt finally smartened up and removed that slide out of the latest.
This was the first time I listened to the CEO and CFO and quite frankly wasn't expecting much. Notwithstanding that they spent a good portion of the presentation trying to clarify nos. they were (to my mind) surprisingly lucid and very articulate. They made a big deal of the Intel deal and to those throwing out bear loving comments like 'they have to finance' keep in mind they have $25m in the bank, no debt and 50 (five - oh) million basic outstanding.
I paid too much buying too quickly and now have an ACB in the $1.50s but tell you what I think the $1.40s is a bargain. JMO>
https://investor.vixs.com/files/doc_presentations/ViXS%20Presentation_April%202014%20v9.pdf