iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,840 Blog Posts

Instant Asshat Award: Elad Asbahi

With regards to Ambarella, the company just blew away earnings–proving Mr. Assbahi’s ‘channel checks’ more than false, but fabrications.

In summary, I believe this gent purposely published his “hit piece” on Seeking Alpha with the intent to affect the share price, all the while holding a short position in advance of this occurrence. Or, he’s just an irresponsible hack.

Either way, I eagerly await his response to AMBA’s blow out quarter and read what he’s been up to, over the past few weeks? Did he cover his short position, after his stupid article jacked the stocks for 10%+?

The word wants to know.

Either way, I won and will be funding dinner this evening with his losses.

 

Ambarella beats by $0.07, beats on revs (15.34 +0.14)
Reports Q2 (Jul) earnings of $0.26 per share, $0.07 better than the Capital IQ Consensus Estimate of $0.19; revenues rose 34.6% year/year to $37.7 mln vs the $35.99 mln consensus.

Gross Margin: Gross margin on a non-GAAP basis for the second quarter of fiscal 2014 was 61.9%, compared with 69.2% for the same period in fiscal 2013.

Commentary: “We continue to enjoy solid success in professional and consumer IP security markets, where we are delivering cost effective, feature rich solutions for technically demanding products. In addition to our security market success, our wearable sports and automotive camera markets continue to grow, contributing to our strong year-over-year growth.”

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16 comments

  1. matt_bear

    i never paid huge attention to Seeking Alpha after hearing stories about blatant lies, stealing writing and the such….interesting to see it play out exactly that way. His article was so awful that it discredits the entire site. But hey, it was a great fade.

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  2. Mr. Cain Thaler

    And may he burn in Hell

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  3. monte burns

    The problem with seeking asshats is

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  4. jules

    I think dude deleted his twitter account. Poosi.

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    • wvufan87

      Aww.. The little girl deleted his twitter account. With any luck he’ll never write an article on that shitty website again, but that is undoubtedly wishful thinking.

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  5. gatorsun

    AMBA winner again,,,lets burn this goon

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  6. gatorsun

    POWI about to rip higher…have full position size

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  7. osiris18

    Hey Mr. Fly, Immersion just signed a multi-year deal with a Chinese smartphone maker. Up to 14.00 aftermarket.

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  8. flyaway17

    For crying out loud, I’ve been posting here for 3-plus years and suddenly I have to sign in with Word Press? Waited for my password information that they said they would send me it never got sent, so now I am flyaway17 instead of . Anyway, is The Devil ever returning or was his guest stint a flash in the pan?

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  9. ironbird

    Bread and Circus. Interesting fanatical need for the pigskin’s first game. Gamblers paradise.

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  10. MikeyWins

    its nice that all the gremlins have been eradicated from these hallowed halls since you added the “login” requirement.

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  11. penfuin

    Well played Sir! I held out for the earnings report

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