I havent called anyone at the company or the IR to find out if they are still maintaining positive EPS guidance for the Q or even the full year. Dont own that many shares, honestly, and who really trusts guidance that much? Well, not in emerging sectors and technology or SaaS services that's for sure...
Watching the weeks action it seems clear that there is complete indecision regarding how the upcoming Q will look - if ECNG falls flat again I expect to see some pretty vicious selling back to .08 or worse, and if they post .02 or even better then the exact opposite will be true, and earlier highs of .26 could be revisited as well. At least this is how the cycles have been going and I've been here awhile...
Company really needs to post that .02 because anyone who looks deep enough can figure out they have serious debt and can ill afford to merely break even at this point. That is my personal opinion. Yet I havent sold all my position because my DD and gut also say that their energy saving software systems are effective and more importantly cost-effective for the consumer. My old posts reflecting my honest projection for a PPS of .40 by years (fiscal) end were based on taking mgmt's word of a profitable 2010 seriously and using .02 or better per Q as a yardstick. Bets are now off after last Q's flat dissapointment.
Looking forward to the next Q report but will readily admit how the numbers crunch out is a total unknown. I'd be foolish to speculate with conviction either way. I know they are spending and have spent lots of money to get to this position of market readiness for their products, and it's time to be consistently profitable or else BK could be looming.
malc.
