From: Harshu Vyas | 1/12/2024 1:49:23 PM | | | | Cutera down more than 10% as the momentum shifts back towards the sellers. That's fine but we won't really discuss "market prices" on this thread. Nor will we discuss the short interest or the technicals unless it's relevant.
Rather, the objective of this thread is to discuss the real value of Cutera - breaking up its AviClear and Cutera Core businesses. We will also talk about the management of Cutera and the steps they are taking to turnaround this sick business.
Best, Harshu Vyas |
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From: Harshu Vyas | 1/31/2024 6:11:19 AM | | | | Two things that I haven't really discussed -
1. In the event of a liquidation, convertible debt holders come first. Feel a liquidation is unlikely at this point, but maybe in a year if operations are going awfully, it's something to be aware of.
2. $133m of NOLs - it's unlikely that Cutera ever realise such assets since their marketing spend alone is massive, but if they do, it's incredible for shareholders! And another $15m of untilised tax credits.
Will keep scouring the internet for new news and more hints! |
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From: Harshu Vyas | 2/1/2024 11:49:07 AM | | | | Taylor Harris was CFO of Zeltiq before it was acquired and failed to file timely a 10Q and 10K at that point, too. NT 10-K (sec.gov)
The difference being both were filed in less than two months after the notification. Cutera's 10Q was due over two-and-a-half months ago. |
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From: Harshu Vyas | 2/6/2024 12:58:37 PM | | | | Ok, so it seems the way CUTR's stock trades is simple. Big % gains on up days and stead losses on losing days. Problem is, that losing days occur all too frequently. Ironically, I had planned to cut my loss today if CUTR broke $2.3/sh.
These sort of setups are dangerous because they're so hard to play. Yesterday I had the impression that it was time to get out - the technicals looked pretty dire. And today the stock's up more than 15%. The chart now looks fine because its now bottomed twice in the last month at ~ $2.39 so there's some support there.
Who knows where this goes? I certainly don't have a clue. |
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From: Harshu Vyas | 2/27/2024 11:21:42 AM | | | | Cutera maintains its support at the $2.39 (ish) level. Problem, as I see it, is there is lots of resistance around $3 so we're stuck in a range for now. I've read online that earnings come out today (?) but I haven't seen any press release confirming that. It's not on their IR website, either.
Not too sure what to do. The silence is beginning to worry me. Have reached out to IR a few times. No response. |
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To: Harshu Vyas who wrote (7) | 2/28/2024 10:08:58 AM | From: Harshu Vyas | | | My concern now is the silence from management and the IR team. No conference call has even been scheduled for 4Q earnings... why? In the prelim results, management said they would meet with investors privately. Does that mean no conference? Are they shrugging off analysts?
They still have to file a 10K and a 10Q, too. This wasn't a concern when I first invested, but it's slowly becoming one the longer this draws out.
I've emailed IR, but they haven't replied to me in the past. If the silence continues, I'll sell at a loss. |
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From: Harshu Vyas | 2/29/2024 10:38:51 AM | | | | Jeez, this stock is like a toxic girlfriend. No stability and a constant headache.
I don't recommend the stock... Even if it is undervalued. It's just not worth the pain. But I'm underwater and selling at a loss for no reason is stupid, so here I stubbornly remain.
Average price is $2.5. I sold my VFC shares last night to add. No excess cash. I'm all-in. And I just can't wait to get out and pick up my VFC shares again. Oh, how much I'd give to own quality companies! |
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