Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not really. Just normal churn, but with wide breadth. Stop-Losses executed, day-traders executed and executed. The beauty was the bounce back up. It bounced nicely on resistance. All normal.
For sure. If it breaks through .50 today, it will test .42 again on Monday.
Just shoot me. I was going to buy at .08 but waited, then didn't check, then was going to again at .22....and didn't. lolol Little too rich and a bit too risky for me now.
Congrats everyone....way to go!!
I would like to think so, but in my opinion, it may re-trace a bit more, especially post-Pandora acquisition. From there it is a long term hold I believe.
This stock has been very good to me for many years.
NEWS
Fortran Corporation Issues Shareholder Update
GlobeNewswire•January 28, 2019
CONOVER, NC, Jan. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Fortran Corporation is pleased to announce their Subsidiary, B and L Telephone, has received orders from three Western North Carolina counties to upgrade and improve the technology in several school systems with the installation of NEC telecommunications equipment. These counties have been long time customers and continue to rely on Fortran Corporation to enhance and improve their educational facilities.
Mr. Glenn Withers, current President/CEO and Chairman of the Board since July 11, 2018, has reached an agreement with the Board of Directors to continue in his current leadership role through 2020. Mr. Withers brings over 45 years of experience in Sales and Marketing with Profit and Loss accountability. Mr. Withers said, "I am excited about the opportunity to make a positive contribution to Fortran's future".
About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site service. In October 2015, Fortran acquired 80% interest in Tower Performance Construction, Inc. and Tower Performance, Inc., with offices in Texas, New Jersey, and Pennsylvania. For more information contact us at: info@fortrancorp.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release including, without limitation, the actual future results of Fortran Corporation could differ from these statements.
Thinking of doing that as well, especially when it hit around 145.00. But I am still wondering if it gets in the 30's at which point is a screaming buy.
I know I hadn't posted since this downturn, but have to admit I got out at 196 and change. Thank God. I figured it was better to be penny wise than a pound foolish. I still love Apple, but waiting to re-enter. Good luck everyone.
Sitting tight. Breathing deeply. These are times that try men's souls.
"Matt Argersinger: Can we also just mention that Apple has more cash on its balance sheet than the size of all but 10 companies on the planet? It's a remarkable number. I know we talk about it every quarter, and it's not surprising, but it's still just remarkable to me."
Thanks for the deep technical analysis. I will consider it in my evaluation of this TRILLION dollar company. Yes....a TRILLION.
There are 24 hours in a day so you would count 24X60x60 = $8,6400 in one day. There are 365 days in a year so you would count 24X60x60x365 = $31,536,000 in one year. To find how long it would take to count to a trillion dollars divide 1 trillion by 31,536,000. That is 1,000,000,000,000/31,536,000 = 31,709.79 years.
Agreed.
Partial re-post since last one was removed regarding Apple? Really?
From a long view, just a bunch of Ho-Hum! I will love watching the evolution of this company over the coming years and the PPS appreciation. To all the knee-jerk holders, if you can't stomach the day-to-day volatility, then get out, and sleep a little better.
Cramer's top 5 tech stocks: Apple is #1
"All in all, his mantra remains: own Apple; don't trade it."
https://www.cnbc.com/2018/10/18/cramers-5-favorite-tech-stocks-right-now-including-apple-salesforce.html
Huh???? Snowflake much? Triggered much? Talk about weird.
I'm committed very long term. Temporary corrections don't phase me. But the those who benefit with large swings, and flips in those swings, good luck to all.
OUCH! Time to buy?
SiriusXM: Is Pandora a Good Acquisition?
GuruFocus.com
September 28, 2018
- By Nicholas Kitonyi
SiriusXM Holdings Inc. (SIRI), the world's largest satellite radio company, announced Monday it is acquiring Pandora Media Inc. (NYSE:P) for $3.5 billion.
Since the announcement, analysts have been running the numbers to determine the company's premium valuation. Pandora has struggled to match the performance of its early days as a public company, which saw its stock price nearly quadruple between November 2012 and March 2014.
Pandora's stock has rallied 125% since bottoming in January, but, at just under $10 per share, it remains way off its 2014 highs of about $38 per share. At the current price, the market values the company at roughly $2.5 billion, which means SiriusXM will be paying a premium of 40%.
Pandora's downfall started in 2015 when Apple Inc. (AAPL) announced the launch of Apple Music. The company's top-line growth has since decelerated to the low single-digit level while the net loss has continued to widen.
So, in general, it would be correct to infer that Pandora was in trouble before SiriusXM came knocking. From a sum-of-the-parts perspective, this deal probably won't make sense to most investors. Therefore, the company likely has a plan that will generate synergies while it integrates Pandora into its business.
Pandora stands to benefit from SiriusXM's scale and financial resources while simultaneously leveraging on the satellite radio service's industry expertise. On the other hand, SiriusXM will gain more traction on mobile devices by leveraging Pandora's strength in this area. Pandora could also help SiriusXM enhance its digital presence and leverage its advertising capabilities.
During the conference call, management explained that merging the two technologies could take as long as six years.
While Pandora may only be bringing in just over $1.5 billion in revenue this year, SiriusXM will be looking to utilize some of its licensed and acquired technologies to improve its position in the audio entertainment industry. Pandora will also be bringing AdsWizz with it. AdsWizz provides programmatic audio advertising to advertisers and publishers, giving SiriusXM an interesting revenue stream to augment its subscription-based sales.
SiriusXM attracts potential customers with a trial period, after which some users subscribe to the premium service while others opt for alternatives. Those alternatives include Pandora, Spotify Technology SA (SPOT) and Apple Music, among others.
There are also reports that SiriusXM's parent Liberty Media Corp, which owns a sizeable stake in Live Nation Entertainment Inc. (LYV), could help the company acquire the Beverly Hills-based events promoter and entertainment company in an attempt to form what could be the world's largest audio entertainment company.
With Pandora already on board, analysts have pointed out that adding Live Nation to the portfolio could be what the company needs to complete the puzzle. Reports also indicate that Liberty Media and SiriusXM are trying to acquire a stake in iHeart Media, which is currently trying to maneuver through bankruptcy. It owns iHeartRadio, which is a free broadcast and internet radio platform headquartered in New York City.
Since Liberty Media owns a sizeable chunk of iHeart Media's debt, a takeover could happen, but this is still premature. Nonetheless, SiriusXM looks set to challenge the likes of Apple Music and Spotify as it continues to expand its addressable market while introducing new revenue streams. Buying Pandora could be just the beginning of a long string of acquisitions.
Really???? Short memory. Pandora was tanking to 4 bucks and change and headed for bankruptcy until SIRI cam in with a 480 million dollar investment in the company. After that, with the much needed cash Pandora double in share price. SIRI saved Pandora. Get real.
Shorty exit, and breathing a sigh of relief. Got their temporary escape hatch! Not knocking their strategy......just sayin.
Atta Boy! You did it right! Thanks for the confirmation of my strategy, and I think a lot of others too.
Nice to see. I have to say that my purchases of AAPL are strictly long term. Buy em.....put em away.....and check them in 10 years. I think we will be amazed at the PPS over the long term.
Obviously, many posters have their own strategy, but this as a flipping stock (either way) is not my strategy.
I appreciate, especially by some of the heavy hitters here, the insights and positive posts.
Thanks and GL to everyone.
Obfuscation?
Certainly high dividend payouts will keep shareholders happy....and long.
Feels like it is ready for a breakout. Been consolidating in the 6.95 to 7.10 range for a while.
Exactly what I was thinking. Can you imagine where this company will be in say....20 years, technology wise, and the pps at that time? This stock is in my portfolio for retirement purposes. Long term hold for me. I would like to see a bit of a higher dividend though.
I believe Apple has hit it outta the ball park. My Apple shares will ride in my vault a long time. Plenty of room to move higher and higher over time.
I didn't, at least as a direct strategy. I have SIRI, therefore whatever prospers Pandora, prospers SIRI, because of its recent 20% stake and BOD inclusions. Would not be surprised if SIRI, or for that matter Liberty, owns all of Pandora one day. I love all these synergies with these big time smart players, Malone in particular.
Me. too. At work, in the car, and on my phone when working in the yard.
I was going to buy a while back in the 4 dollar range, right before SIRI rode in. Dummy me!!
GL everyone. I like this stock a lot but getting a little too rich for me now.
Long here, and just blocking out the noise and chatter of strange, weird, and different agendas. GL to all.
Kind of sideways for a while. Holding here own though. Unless any good news in the interim, we will wait for the next quarterly before appreciation of PPS. I still love the long term prospects of this.
Interesting......bot! Never looked at it that way.
I don't know about the timing of filings, but I think a smart group of people realize that #1) They are essential, and #2) The sooner the better. It just sets the ship right.
Since you are so honest and concerned for the welfare of all investors of FRTN, would you please come out now and tell everyone that you were completely wrong and mistaken with the Richard Wilson accusation? A innocent 70 year old man, retired basically, living in Virginia has been misrepresented. Just for the record please? Just for the sake of showing no impartiality, serious due diligence, or bias to FRTN? Posters credibility depends on it if they consider themselves whistle-blowers.
Oh, and I am still waiting for all the evidence of a pump-n-dump. That's right, there is none, just a megaphone claim. Come on.....let's see it. Convince me.
Thank you. I thought there was, so your historical trail at least made me realize I wasn't totally confused. Well, with all that behind you, and the shares moving positive, I wish you all the best of luck and riches. You deserve it!
Dang---good looking chart. Who could argue with that? Wish I had been in at 5! Oh well.
Not sure about shares held, but I would suspect that the former President may have been "neutered", especially if the board felt there was some hanky-panky going on.
Thin float will make this move like you suggest, naturally, but notice that the bid-ask has tightened way up. They are much closer now than just a few weeks ago when the bid ask would be 10-15 cents apart. Now it is just a few cents apart. I believe this shows shares are being held in strong hands.
Since it has made a move relatively higher, I suspect we will see a much orderly churn, and that will mean both up and down with the PPS, including consolidation. But look out when PR start to hit. The company has some making up to do with transparency, and I am sure they know it. Financial disclosure, and updated reporting to current could push this thing higher fast.
Great research! It certainly doesn't resemble an singularly alleged pump-n-dump does it? Those traits just aren't there, but some are blind to simply a good honest deal when they see it, for whatever reason.
Well, I said I would'nt respond, but when a blatant error occurs???? But wrong Richard Wilson, and very very bad research. FRTN Richard Wilson is a 70 something year old that lives in Virginia. But you may have known that right? Apparently you know the other alleged scammer Richard Wilson from Arizona pretty well huh?
Yeah, thats it. Was very nice volume right after that, so it apparently hit some folks radar. I think it was like a 420,000 share day. Nevertheless, I think that that PR was a great initial step by new management. They are very bright and well funded. Not a scam bone in their body, but just a desire to set this ship on the right course and let it grow and make money, everything else aside.