OFIX up 20% over last 3 months?

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Anonymous

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Does anyone find it amazing a company who has not reported numbers to the market in 3 quarters and on the verge of being D-listed, that it's stock bottoms at 19 and change and goes up 20% from that time?
 












The company's has already indicated in filings that it will be releasing earnings (including restated earnings) before the end of March. Should be any day. That is why the stock is up.
 












Anonymous said:
I can't imagine it will be pretty. Might be a great short position. This ought to be interesting.
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Perhaps some recent spike in volume could be shares being sold short.

As to the pretty-ness or ugly-ness of the numbers released, who knows? It would seem that at this point, the company getting current on filings and remaining listed would be the priority, not the actual level of the stock price.
 
























Anonymous said:
The company's has already indicated in filings that it will be releasing earnings (including restated earnings) before the end of March. Should be any day. That is why the stock is up.
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Utter nonsense. It wont be restated earnings, it will be restated losses. This stock thing is a dead cat bounce.
 






Anonymous said:
And down over 60% in the last two. Get a grip kool aide kid.. this thing is a joke in the industry.
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GE is down over 50% over the last 4 yrs, JCP down 60% in 2 yrs, the same with Sears. Medtronic went from 65 (14 yrs ago) to below 40, now back close to 60. 3 times in 50 yrs Berkshire Hathaway lost 50% of it's stock value. So whats you're point pop sickle boy. It's about making money, who cares what you think.
 












Anonymous said:
Utter nonsense. It wont be restated earnings, it will be restated losses. This stock thing is a dead cat bounce.
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It's called an earnings statement, dip head. Of course it is certain that prior earnings will be "restated" as lower than previously published. What is your point? It seems you just want the stock de-listed. Did you short it and have losses of your own?
 






Anonymous said:
New chairman is 72 years old. I hope he picked up some good bookkeeping experience along the way.. Can he pull a rabbit out of his hat in 6 days?
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A rabbit for what? Do you want the stock de-listed? Did you short it and have losses due to the recent run-up?

Do you think this guy would have accepted the role of Chairman otherwise?
 






Anonymous said:
New chairman is 72 years old. I hope he picked up some good bookkeeping experience along the way.. Can he pull a rabbit out of his hat in 6 days?
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The new chairman appears to be a heavy weight looking at his background and the other boards he has sit in on. Orthofix needed someone like this and is fortunate to find someone with his CV.
 












Anonymous said:
His talent is divestiture.....
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Very little premium in Orthofix as a company. Declining sales/margins, reimbursement issues, caveman products and a spine distributor network that will cut a deal with another company in a heartbeat.....good luck. I guess at the right price someone might throw the dice, but I highly doubt it, any company who does a thorough due diligence will walk away. I think Orthofix is still trying to find a floor as to what are the actual sales, and what is it going to cost to settle with the SEC violation. I'm sure legal fees are taking it's toll.
 






It looks like it's up over 30% now. I guess the revised numbers were not as bad as many thought. I'm sure their are many reading this post who are sick about it because they were hoping for Ofix demise.
 
























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