Maybe that's why he bought it. I mean 10%.... pffff.... beats the best fund managers out there. He knows his own company, probably knows its solid. They have a TON of debt though, unless that's part of their business model. I'm not gonna mess with it. That was filed at like 1:15PM, the stock jumped on a little volume and then pulled back. Usually on these things the algos will hit that news hard.
Conspiracy time. 1> Seting up for reverse split? 7 days ago message board again- ATOS//Ok Dr. Quay//No offerings for 9 months and no offering under $10 a share, Right?//So market crashes ATOS goes to $1.50//You can then do a reverse get ATOS over $10 and do the offering right?// FACT-> In April 2018, the company was forced into a 1:12 reverse stock split in order to maintain compliance with the Nasdaq listing laws (which require a minimum $1 bid price).
Opportunity knocks! Much of the stock weakness is attributed to selling pressure from Ark Investments lowering their position in the stock following the market volatility over the last three months. pullback was caused by Ark Investments selling much of their holdings during the recent market volatility... Many investors think of Pure Storage as the "old" Pure Storage - which was a fast-growing company, yes, but in the less-attractive business of selling solid state drives and other data center storage hardware. These days, however, Pure Storage has transformed the notion of storage into a service (which it has dubbed "Pure as a Service") which customers pay for on a monthly basis, complete with add-ons such as backup and recovery solutions. Pure Storage is also available directly to public cloud consumers on AWS or Microsoft Azure.<---- At current share prices near $19, the stock has a market cap of $5.37 billion. After we net off the $1.23 billion of cash and $0.76 billion of debt on Pure Storage's most recent balance sheet, the company's resulting enterprise value is $4.90 billion. For the current fiscal year, meanwhile, Wall Street analysts are expecting Pure Storage to generate $1.96 billion in revenue, representing 16% y/y growth /This puts Pure Storage's valuation at just 2.5x EV/FY22revenue. Understandable for a hardware company, but for a growing subscription business with a 70% pro forma gross margin and a mid-teens growth file, the risk-reward profile for Pure Storage is squarely on the bulls' side.<------ Pure Storage customer adds
Summery. 1-> Pure Storage reports Q1 adjusted gross margin 70.5% 2> Signal flare- Analyst raises PT $1? To highlight $19 stk. Pure Storage price target raised to $31 from $30 at Raymond James 05/27 PSTG Raymond James analyst Simon Leopold raised the firm's price target on Pure Storage to $31 from $30 and keeps a Strong Buy rating on the shares following a modest beat and raise report. Leopold remains optimistic that the lower priced FlashArray//C, FlashBlade and Portworx enable Pure to gain share and maintain at least mid-teens sales growth, the analyst tells investors in a research note. 3> Today Pure Storage added to Tactical Outperform List at Evercore ISI 06:44 PSTG Van check your insider on PSTG<-----
Van a big storm is coming. Country folk are freaking out. I took the Jeep out and she worked great. I got that ready. If the Aliens come on the same night and cut off the ability of cars to start the ole' jeep with it's ole' technology will start right up! Then you have to sit for five minutes and rev the engine as the Aliens zap you for escaping their ESG abilities. High winds Van and more rain than these tree trunks can stand. The ground is wet. Lets hope this misses! Last time this happened it was an absolute shit show up here with power out forever. If you don't hear from me that's why. My wife asked me what I have done by way of preparation I told her i turned on the pool heat. ARRY is my stk to research. PSTG Do you like Van? Any Insider?> Another stk that is transforming to a subscription model but in this case the transformation is well underway! I feel we have missed the painful period which always comes when one income steam is down and another stared up and analysts miss interpret... We are passed that now we just grow. Storage we all need it.
This morning's mailbag: Dear VZ, Could you please take some of the GBA office slush-fund bucks and see to it that Stoney and family have a Generac generator installed at their house. As avid Jets fans and loyal GBA subscribers, we are worried that Henri will bee-line across Long Island, zero in on Stoney's place, wipe out his electricity for a week, and leave us all void of his musings for several days. Thank you, Loyal Fan in Topeka. +++++++++++++++++++++++++++++++++++++ Stoney!!!!!!!!!! I hope you own a chain-saw at least. You'll see.
What Jets rookie QB Zach Wilson is learning from Aaron Rodgers, Packers in joint practices https://www.usatoday.com/story/spor...on-rodgers-jets-packers-practices/8196607002/