COGT, can you find a better SHORT?

Discussion in 'Stocks' started by qll, Aug 3, 2006.

  1. qll


    It is a company making money of government FBI data contracts.
    CEO, Funder is a Chinese.
    They lost 75% of their contracts and they dont' know why?

    Look at IBM's PC business, once in Chinese hand, US government canceled all contracts.

    COGT will lose more contracts. Listen to their CC.

    "Revenue plunged to $13.2 million from $39.4 million a year earlier. Analysts surveyed by Thomson Financial were looking for a dime-a-share profit on sales of $28 million. "

    They thought they can make 120M this year, but based on what, all on guess. All governments are canceling their contracts!!!!

    Strong Short!!!
    No brainer!!!
  2. qll


    so funny in the last 5 min of their CC.

    how did you get an estimate of 120M this year?

    we depend on contracts we think we can get. only one of them is not certain.

    how large are the contracts you are counting that you can win?

    we don't know yet

    they just guess they can win 120M contracts!!!
  3. qll


    It is a 1.2B company. Price / Sale is 10 based on 120M sales, but they lost 75% of the contracts. So Prive/Sale will be 40. Wow!!!
  4. qll


  5. qll, I'm actually bottom fishing this one, and I'm getting a good return today. :D
  6. Covered for a 5% gain.