stock up 15% in AH on heavy volume. Should be an easy ride back above $1, and eventually new highs, this company is way too cheap, if you doubt me then just read their quarterly report, and bear in mind that the new video game cycle is just getting started...
<-----(me and my 50K shares ave @ .60)
not pumping, just put it on your watch lists at the very least...
To remove first post, remove entire topic.
stock up 15% in AH on heavy volume. Should be an easy ride back above $1, and eventually new highs, this company is way too cheap, if you doubt me then just read their quarterly report, and bear in mind that the new video game cycle is just getting started...
<-----(me and my 50K shares ave @ .60)
not pumping, just put it on your watch lists at the very least...
Looking quick, it has been around for 6 yrs..never been higher than 2 bucks. Its a microcap (40M market cap) with nice revenues but brutal margins..they have 10 times more debt than cash AND These kind of numbers arent going to get you anywhere
No growth at all going back 3 yrs. Notice VERY specifically on that page above that gross margins went down for the fiscal year 2006 in a BIG way. In 2004 they had similar numbers but margins were much better.
My honest opinion is a company this size and this price should not be trading on the market..they would be better served being a private company.
But who knows, maybe maestro knows the company is turning the corner and we dont.
One last thing..I despise the AMEX exchange...lol
King,
Rat is the man on this kind of stock.
Looking quick, it has been around for 6 yrs..never been higher than 2 bucks. Its a microcap (40M market cap) with nice revenues but brutal margins..they have 10 times more debt than cash AND These kind of numbers arent going to get you anywhere
No growth at all going back 3 yrs. Notice VERY specifically on that page above that gross margins went down for the fiscal year 2006 in a BIG way. In 2004 they had similar numbers but margins were much better.
My honest opinion is a company this size and this price should not be trading on the market..they would be better served being a private company.
But who knows, maybe maestro knows the company is turning the corner and we dont.
MCZ update... if you look at earnings from tuesday, you'll see that margins have improved over 2006, Madcatz mgmt is hell bent on phasing out lower margin products and pushing the higher margin products (new PS3 wireless controllers, team logo'd controllers etc). The new CFO is focused on streamlining the company, he has been successful so far as the company is now profitable. He also has connections on Wall Street and if I didn't know better, I'd think he is trying to get this company in a position to be acquired some time down the road, perhaps by Logitech for example.
Anyway, she hit .82 this morning and is now pulling back... I think it's a BUY below .80 bc I think $1 will definitely come sooner as opposed to later if you just want a 25% win on a trade.
Good luck, I am holding personally...
MCZ update... if you look at earnings from tuesday, you'll see that margins have improved over 2006, Madcatz mgmt is hell bent on phasing out lower margin products and pushing the higher margin products (new PS3 wireless controllers, team logo'd controllers etc). The new CFO is focused on streamlining the company, he has been successful so far as the company is now profitable. He also has connections on Wall Street and if I didn't know better, I'd think he is trying to get this company in a position to be acquired some time down the road, perhaps by Logitech for example.
Anyway, she hit .82 this morning and is now pulling back... I think it's a BUY below .80 bc I think $1 will definitely come sooner as opposed to later if you just want a 25% win on a trade.
MCZ closed up another 10%+ at .82 today on 2 mil+ shares, up another .02 in AH to .84... perhaps this company is even cheaper than I thought, this could see $1+ as early as March.
Have a great Prez Day, mkts open on tuesday...
Last update before the long weekend:
MCZ closed up another 10%+ at .82 today on 2 mil+ shares, up another .02 in AH to .84... perhaps this company is even cheaper than I thought, this could see $1+ as early as March.
MCZ Update: The Wall-street-wise CFO of Madcatz bought 50K shares on the open market @ .80, a very positive sign, and news of this purchase is why the stock is trading higher yet again today @ RTQ .82. So far, so good.
Peter Lynch has been credited with saying that "...Insiders sell for many reasons, but BUY for only one". That's 40K of the man's $$$, that's exactly how many shares I have oddly enough, but purchased mine @ .60.
There's 18-20% sitting on the table gang in a quick trade, fundamentally and technically $1 is a foregone conclusion.
MCZ Update: The Wall-street-wise CFO of Madcatz bought 50K shares on the open market @ .80, a very positive sign, and news of this purchase is why the stock is trading higher yet again today @ RTQ .82. So far, so good.
Peter Lynch has been credited with saying that "...Insiders sell for many reasons, but BUY for only one". That's 40K of the man's $$$, that's exactly how many shares I have oddly enough, but purchased mine @ .60.
There's 18-20% sitting on the table gang in a quick trade, fundamentally and technically $1 is a foregone conclusion.
tip? play? I'd call it an INVESTMENT. Go listen to the CC that took place earlier tonite to see why.
It's my largest holding, go back to the top of this thread and check out where I first addressed this mb w/ MCZ as a "trade to $1, at the very least"... now we are .40 above my conservative target. Now I expect $5 before '07 is over and $10+ in '08 ****ASSUMING MGMT CONTINUES TO EXECUTE.
btw, I'm not here to make fun of anybody, nor do I wish to be the board "guru" that our friend wallstcapper is, just here to entertain and make some scratch, I'm mainly an options trader anyway, but when I uncover a "diamond in the rough" like MCZ with a CFO who is so well connected, I like to spread the wealth.
good luck
tip? play? I'd call it an INVESTMENT. Go listen to the CC that took place earlier tonite to see why.
It's my largest holding, go back to the top of this thread and check out where I first addressed this mb w/ MCZ as a "trade to $1, at the very least"... now we are .40 above my conservative target. Now I expect $5 before '07 is over and $10+ in '08 ****ASSUMING MGMT CONTINUES TO EXECUTE.
btw, I'm not here to make fun of anybody, nor do I wish to be the board "guru" that our friend wallstcapper is, just here to entertain and make some scratch, I'm mainly an options trader anyway, but when I uncover a "diamond in the rough" like MCZ with a CFO who is so well connected, I like to spread the wealth.
rollmaestro...do whatever you want to do...just keep posting these plays....the DNDN was phenominal...and MCZ has been just as much fun.......keep 'em coming!
big fan
rollmaestro...do whatever you want to do...just keep posting these plays....the DNDN was phenominal...and MCZ has been just as much fun.......keep 'em coming!
TheBest, do a little research before you call a stock a P&D buddy. Better yet, look at their balance sheet and revenue. Perhaps that is beyond your ability.
I've been all over this HERE since .70, a buyer @ .60.
Mark this post and come back crying this January when it's trading above $3...
TheBest, do a little research before you call a stock a P&D buddy. Better yet, look at their balance sheet and revenue. Perhaps that is beyond your ability.
I've been all over this HERE since .70, a buyer @ .60.
Mark this post and come back crying this January when it's trading above $3...
<-----(me and my 50K shares ave @ .60)
i just got a fax with this stock on it telling me to buy. obviously this is part of some kind of pump and dump scheme.
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