First of all, there’s CALL. There’s certainly no bad news.
Saul,
In case you had not seen this:
http://www.bloomberg.com/news/2014-07-11/magicjack-gains-eva…
Chief Executive Officer Gerald Vento is revamping MagicJack’s smartphone application to remake the company as a provider of cheap mobile number and voice services in the model of WhatsApp, which Facebook Inc. bought for $19 billion in February. The company’s new product offering, the MagicJackGO, failed to reach the shelves of all its retail partners this week, prompting Oppenheimer & Co. to cut its earnings forecast for 2014 to 2016.
“Management is expected to deliver on certain initiatives and is coming up short of expectations,” Yousef Abbasi, a market strategist at JonesTrading Institutional Services LLC in New York, said in an e-mail. “We’ve seen a slower than expected launch for their MagicJackGo product, and the mobile application is still not as robust as some had expected.”
I have been watching CALL for a couple of months and wrote $15 puts a few weeks ago hoping to get a better entry point. I may take assignment this week at $14.20. I remain cautious, but interested.