AVID hard times?

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AVID hard times?

Postby Mathieu Benoit » Thu Nov 01, 2012 2:47 pm

http://wallstreetpr.com/avid-investors-begin-their-selloff-of-multimedia-giant-avid-3730

Mostly for Andrew's benefit, since he likes economics and Pro tools.
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Re: AVID hard times?

Postby Malcolm Boyce » Thu Nov 01, 2012 4:29 pm

She's lookin' pretty shaky these days...
"Once again, it is NEVER the gear that makes a good record.
It just fills Forum pages..." --compasspnt

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Re: AVID hard times?

Postby macrae11 » Thu Nov 01, 2012 4:56 pm

Yeah I read that already. I'm not quite sure what to make of that analysis though. Avid has been operating at a loss for the better part of a decade so I'm not sure why the much bigger stink is being raised. The stock price rebounded 3% today so the selloff seems to have stemmed, or already have been priced in. They did lose about $0.50/share over the past week so that more than covers the loss, but many analysts are pegging it for 40%-50% growth. The have much less revenue than last year because they've sold off so many of their consumer lines, but they're actually more profitable now and have more cash in the bank then they did last year, or at the beginning of this year.

Here's an article that lays out the actual numbers:
http://www.fool.com/investing/general/2 ... arter.aspx

If I had to make a guess, it would be that their stock will hit $7.50 within two months, but then lag with the rest of the economy through 2013-2015. From all accounts that I've read they're actually a much stronger company than they were at this time last year.
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Re: AVID hard times?

Postby macrae11 » Mon Dec 17, 2012 12:12 pm

So Avid bounced back faster than I thought it would:
http://www.marketwatch.com/investing/stock/avid

I didn't think it would reach this point for a few more weeks, which means it's most likely still got a ways to go on the upside. The way this mini bull market is going it looks like it's not going to peak until January or February. Kind makes me wish I'd bought some at the time but it's a bit too late to the party now that's it's already regained 25%.
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Re: AVID hard times?

Postby macrae11 » Tue Dec 18, 2012 9:57 am

Of course then it tanks later in the day. Such is life. :roll:
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