CLEARONE INC CLRO
August 31, 2016 - 6:34pm EST by
member
| 2016 | 2017 | ||||||
| Price: | 10.41 | EPS | 0 | 0 | |||
| Shares Out. (in M): | 9 | P/E | 5 | 5 | |||
| Market Cap (in $M): | 94 | P/FCF | 5 | 5 | |||
| Net Debt (in $M): | 0 | EBIT | 12 | 12 | |||
| TEV (in $M): | 57 | TEV/EBIT | 5 | 4 | |||
Description
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| # | AUTHOR DATE SUBJECT |
|---|---|
| 47 | |
I mean...wow. Once in a market-leading position with the dominant market share, we're now talking about chapter 11 in about one year or so. | |
| 45 | |
Thx. I wil start with them and then move onto Bagley. Who is the most likely buyer in your mind? | |
| 43 | |
My goal is to find out details that would enable me to better evaluate the ability of someone (maybe someone I put onto this one) to buy the company, blow out everyone, liquidate and license... login to read the rest | |
| 42 | |
They didnt update us at all on the legal mess this Q. Said no new developments.
"During the six months ended June 30, 2018 we spent $2.4 million of legal costs related to the defense of... login to read the rest | |
| 41 | |
They snuck in a 10Q here. These #'s are disgusting. Sales down 33% and GM of 46.6 is the lowest since calendar 2Q09. Inventory obsolescence. How they have jobs are a mystery. They still have... login to read the rest | |
| 40 | |
~$4.90/share of net-net value, with--in my opinion--a 1/3 chance of winning big on the legal case. Anyone a gambler here? | |
| 39 | |
I am so thoroughly disgusted with this investment - and myself for holding it for so long and not getting out when I could at much much higher prices - that it's hard for me... login to read the rest | |
| 38 | |
Any insight from your call that you can share? | |
| 37 | |
They had a multi hour board meeting today that is supposed to end in 5 minutes. DId anyone speak to them? Have any different insights? | |
| 36 | |
Well they wasted a lot of $ buying back stock at much higher prices. They pissed $ away on a dividend that no one but Bagley likely wanted so he can make some cash on... login to read the rest | |
| 35 | |
Has anyone considered writing the Board a letter concerning our thoughts about immediatley reviewing strategic alternatives? Probably better sooner than later....
I can't believe it's come down to this. Fall of an empire I guess. | |
| 34 | |
Thanks for your insights chuplin1065. Any idea what price the financial buyer was interested in paying? Any insights into the patent issues? Were people at Infocomm aware of the patent issues? Has your firm made... login to read the rest | |
| 32 | |
I think that if they don't get their act together soon, they should all be fied and the business should be immediately sold. But I see no path to that..
I have owned this stock for... login to read the rest | |
| 31 | |
Just wondering, does anyone else have an opinion different from mine? Curios to know what other investors think, | |
| 30 | |
1) Hard to say. We just finished reading the court docs, and doesn't have any estimated damages. However, based on their sales for the past few years, they've gone from almost $60M to now $40M... login to read the rest | |
| 29 | |
Thanks grizzlybear.
1) When is the patent case going to be decided? How much more to spend? would someone buy them ahead of this case being resolved?
2) Bagley hasnt bought any more stock even though the... login to read the rest | |
| 28 | |
I think we all have underestimated how big the legal issue is here. If CLRO wins, hypothetically-speaking, not only would they get a massive payout (in my estimates, in the $10s of millions with legal... login to read the rest | |
| 26 | |
We're long. Not often can you buy a recognziable audio brand, built over decades (with installer/integrator, distributor relationships) , with valuable IP for liqudation value/share (current Assets - Total liabilities) which is $5.00/share. Stock is... login to read the rest | |
| 24 | |
Whether you like hearing this or not, CLRO is facing two large issues which is the primary reason from being a cash machine to a cash-burning entity:
1) A botched transition to the new CP2 platform:... login to read the rest | |
| 23 | |
Scale issues? Patent suit? Something seems amiss here. Obviously not following closely, but if all the comps are getting taken out at big multiples, what ailes CLRO? Is time running out? Another year of $15mm | |
| 22 | |
Any follow up thoghts here, chuplin1065? | |
| 21 | |
Polycom, which was taken out by Siris Capital, just was sold to Plantronics (NYSE:PLT). The acqusition comps are as follows:
Plantronics to Acquire Polycom for $2 billion (March 28 2018)
(000)
EV
2,000,000
Revenues
1,100,000
Gross Profit
622,600
EBIT
183,100
D&A (from FY 2015)
62,184
EBITDA
245,284
EV/Revenues
1.82x
EV/Gross... login to read the rest | |
| 20 | |
great catch. And likely good news for CLRO. No idea on valuation but I do know that new owners will want to resolve the patent issue. Best way is just to buy CLRO....
http://www.avnetwork.com/article.aspx?articleid=126276
| |
| 19 | |
https://www.prnewswire.com/news-releases/highlander-partners-announces-acquisition-of-biamp-systems-300564820.html
Biamp--CLRO BIGGEST competitor by far, the one they face on the most projects--just got acquired!
Highlander Partners, L.P. is a Dallas-based private investment firm with over $1.4 billion of assets under management just bought Biamp, a sub-$100M revenue competitor. It... login to read the rest | |
| 18 | |
It seems like the guys on the board was chosen by him from the very start. He also doesn't need to kick out management or anything--he chose them in the first place! All he needs | |
| 17 | |
Polycom was acquired for 1.8x revs. There have been some smaller deals the past 2 years at 2-3x (see reference in earlier post from someone about Ametek acquisition earlier this year). CLRO should have its... login to read the rest | |
| 15 | |
repetek827,
This isn't just insider buying, this SERIAL insider buying. I've never seen a insider/shareholder agressivley add so much stock in a short amount of time, it's startling. Where are you getting 2-3x revenues for a... login to read the rest | |
| 14 | |
Bagley has been adding aggressively recently. He just filed a 13DA. http://investors.clearone.com/secfiling.cfm?filingID=1078782-17-1662&CIK=840715
(Interestingly, he says he bought stock on November 31, 2017 which would be an amazing feat in and of itself.) It say he owns... login to read the rest | |
| 13 | |
Any one have thoughts on Q3 results announed today? Seems like results were better on a sequential basis, but still disappointing YoY. They claim the transition to the audio platform has hurt top-line, but I... login to read the rest | |
| 12 | |
I have no special insight into Bagley, but to say he is a shrewd investor, is elderly, and with his owenrshipso high his only practial exit is a sale. He is not shy to exert... login to read the rest | |