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CalAmp Corp. (CF3.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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8.25+0.35 (+4.43%)
At close: 09:04AM CET
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  • M
    M
    On 11/15/2021, Canaccord analyst T. Michael Walkley lowered the firm's price target on CalAmp to $15 from $17, but kept a Buy rating on the shares; and Craig-Hallum analyst Anthony Stoss lowered the price target on CalAmp Corp. to $14.00 from $16.00, but also maintained a Buy rating.
  • s
    stockpuppet
    After seeing CAMP's earnings-miss pre-announcement, this morning I sold the rest of my CAMP position and will not be returning. I have been in and out of CAMP over the years since the 1990's, sometimes in the stock so heavily that the stock's move in 1 day would move me up or down 6 figures. There were years it generated wonderful profits, as well as years like 2014 where it took a bunch of it back :). But since then I have been reducing my position in varying degrees every year for a while now, given the company's management and poor results.

    There are just so many great stocks and companies in this market, I feel there's no need to keep hanging onto rotten fruit, with the distant reminder that it used to taste sweet and hoping that 1 day it sprouts into a healthy tree again.

    Best wishes to all!
  • s
    stockpuppet
    Did I just read today's (Fri 10/29/21) S8 filing correctly, that the Board & CFO just cleared themselves to issue $14.5 million in stock to themselves, and ultimately add 1,500,000 shares to the shares outstanding? (That's over 4% of the current market cap of the company).

    Because.... They've done such a good job destroying their shareholders? Or because they just haven't felt the need for years to step up to the plate, and they need more incentives to do their job?
  • J
    Jim
    Hopefully the slight rotation in small stocks continues for a while to unload my position also, it appears that the stock is totally dependent on funds either buying or selling small caps and that there is no demand from the retail investor.
  • M
    M
    This morning they announced a decline in revenue, but stated: "We continue to make notable progress transitioning several larger telematics device customers to a subscription-based model." Funny - no press releases on a single one of these "several" "larger" conversions. Surprising that they are not in single digits. They have no credibility.
  • J
    J
    I am now 100% out of the company, and won't be posting again. Best of luck to all those who are still holding out.
  • M
    M
    2 more desperation smoke & mirror press releases this morning: 1 saying they have a new IR presentation, and 1 saying they have iOn available in the UK. Where are customer and sales press releases?
  • J
    J
    As I predicted we are below $10, heading to the $8-9 range post earnings. Look, I wish I could say I was so "smart" for predicting this -- but I am not. This is one of the easiest pre-earnings 20-25% short returns on the NASDAQ today, it is a guarantee that management will sound lame and confused on the earnings call, that they will talk down what is happening, that they will make up every conceivable excuse for not executing, etc. They will use weasel words and try to gaslight investors, it happens every single quarter. Except for a few quarters ago, when earnings were not bad, this happens every time -- and even when the results seemed good that time, management made sure to put a negative spin on things. Don't know what results will be this time, but "smart" investors understand it doesn't matter; the company will be sure to make it look bad -- either because they are or because the glass has to be viewed as half empty. Just lots of weirdness that goes on, and they continue to try to pretend that things are perfectly normal.
  • J
    J
    Stock is going nowhere for now, range bound between 9-11. If they hire a new forward-thinking CEO the stock will pop 20%.
  • M
    M
    Press release on tracking golf carts??? What's next bumper cars and autopia at amusement parks?
  • J
    J
    Looks like we won't go below $9, might even inch up to the $10 range. What is saving them are the high gross margins and the "excuse" that but for components shortages revenues would have been closer to $90mm. But my critique remains -- where is the growth coming from longer term? Where are the sizable new deals that will take this company past $100mm in quarterly sales? Still waiting....
  • J
    J
    Hilariously predictable. Always wrong but never in doubt. We might hold at $9 because the gross margins are not bad, but it's the same old story every time -- hasn't changed in years now. Why do analysts even cover this thing any more? Hope you all listened to me and shorted, very easy 25-30%. There will be a time to cover, but not now.
  • M
    M
    CEO bought 1,500 shares @ $10.04
  • H
    Hiram
    CAMP said without supply constraints revenues would have been 10-15% higher. They have the biggest backlog in their history, and they said the backlog will go down slowly over the next few quarters. So taking the semi shortage, it's a decent quarter, not great. It looks like a slow ramp in the second half slower than they were anticipating last year. Their cash balance went up and biggest customers received almost all the orders. Nothing to get excited about, nothing to worry about. They need a really big catalyst to move the stock and the future revenues.
  • D
    Dude Man
    Time to flush this one down, too bad it's already stained the bowl.
  • S
    Snively2
    Deceptive after hours trading.
    Volume about 139000, I observed a trade of about 123300 shares, minutes after the close, the rest of AH action is small trades.
    We'll have to see how the professional investors react tomorrow?
  • M
    M
    The “Leadership” tab of their website, self-proclaims themselves as a “World-Class Executive Leadership Team.” If you have to call yourself out as “world-class,” it’s a pretty safe bet you’re not, as evidenced by the market scoffing at their mismanagement. The “dog ate my homework excuse” for supply chain is wearing thin. They started blaming “supply chain” all the way back to 12/20/2018—well before the pandemic. On the 9/23 earnings call they used the excuse again, stating: “We are maintaining our policy of not providing quarterly guidance as visibility into product shipments remains uncertain due to the global components supply shortages.” They also reported cash of $101.1 million, and debt of $237 million. They have 2.35 x more debt than cash; the cash on hand now is less stockholder cash than they used in 2016 to buy LoJack for $134 million. Less than 5 years later, they sold LoJack US for $8 million. Total incompetence.
  • J
    Jim
    Single digits going into earnings, just great!
  • T
    Tom
    Earnings report is out. Great results indeed. $13's tomorrow!
  • b
    boomer
    One of the worst #$%$ companies on the Nasdaq. I don't understand why the BOD will not do anything to improve shareholder value. I thought we are their obligation and duty to protect. At the very least they should shop the company for sale for any price over the current price. Another company with a competent management team and competent SALES FORCE (emphasis intended), could actually do something positive with this company. Seriously, more than 25% down and heading to 30% in 3 months is abysmal. A one yr. estimate over $15 is an absolute joke. Sell it! If they get an offer over $13, take it and be happy. Rant over.