It is amazing to me at they do not buy shares on the open market. They will take freebies but not put up their own cash but yet are more than willing to speak so highly of what they are doing and to make the case for investors to buy into it..........management and the board needs to be REMOVED. We need the big money folks to come here and send them packing - the company has value but it will not be unleashed until present managers and the board are removed. Boolean
You've made your points repeatedly.
Until you have something new to say, please save your effort.
Management is out of touch and not real interested in growing the business unless it falls into their lap......from the guberment......just awful managers and they and the board need to be booted out. That they are not all buying shares is a travesty.
Does anyone have knowledge or thoughts on the status of their credit agreement? I am not getting a lot out of this statement.
"Due to the loss incurred in the quarter ended June 30, 2014, we were not in compliance with net income financial covenant contained in our Credit Agreement with Santander Bank and Valley National Bank. On August 6, 2014, the Company entered in an amendment and waiver to the Credit Agreement which, among other things, provided for a waiver of the covenant. "
Certainly, CVU has been a big disappointment this year, with margins falling and the huge charge related to the requested end to the A-10 program.
Still, there's considerable business in hand and management looks for better margins and earnings in 2015.
Meanwhile, many investors begin focusing on the year ahead after Labor Day.
So in the absence of further bad program news, if management is correct, we can look forward to an improving tone to share-earnings and price action in coming months.
Furthermore, although the A-10 charge was prudent under the circumstances, since the USAF and DOD want to kill the program, the US Army loves the aircraft and many in both houses of congress hope to save it.
As a result, the A-10's demise is not certain. Indeed, if it's saved through political maneuvering, this company's profits and stick should get an upward shove.
Your history shows you defending obaumacare, defending Bengazi, and you have an obsession with fox. If you didn't keep repeating the same message with your warped political agenda, that does not belong on a CVU message board, you might have a chance to possibly be independent If you think a potus with no democrat running for office, wants to be seen with him, is an indication that he is a leader, why don't you go play golf with him. Oh yeh, my policies suck, so let's blame everything on Bush. Nice try, but no one is buying your credibility. You also have no clue about insider trading. You keep trying to blame someone else for the current potus failures, and the truth will also continue to be posted.
mountain - I have not DEFENDED HIS POLICIES.....that is a global statement. Only a fool would support ALL POLICIES. Again - even FOX has trashed Bush/Cheney so now that discussion is OVER. When they finally took them out to the whipping post for their disastrous reign it was over for those who blindly follow a party OK. I am not one of those blind lemmings. I told you when Obama kept the tax breaks to the rich I wrote him as well expressing my anger. So don't lump me in with your lemmings OK. I am a true patriot who evaluates ALL and not walk blindly behind anyone. Boolean
My message is clear - SELL THE COMPANY. Read the annual and see how they distorted the facts and over spent on the A10 Thunderbolt and yet sang their own praise.........read it and then come back.
understand how to lead this company and to grow it so they need to SELL IT. I am going to continue to repeat this and repeat this and you know I AM RIGHT. Look back at their history - they are inconsistent and only do well when the big bad GUBERMENT is throwing them the bones. Call them and tell them to SELL. Boolean
The definition of mental illness is repeating the same thing over and over again and expecting a different result. This is 2014 and potus is named Obama. Don't you remember defending his policies?
what a disgrace - they have always been suspect as I have noted but their failure now to back up their words in the annual report with OPEN MARKET BUYS is a total disgrace and flip off to small investors who hold this stock. Hey - Cheney and his little misfit G.W. are gone OK so you don't have those loons telling you the lies needed to do his (Cheney) dirty deeds OK.......our soldiers suffered enough from his actions as did the entire nation. Now - INSIDERS BUY SHARES OK -- look at yourself in the mirror and DO IT. You know I am right........AGAIN. Boolean
Mr. Douglas J. McCrosson , 51
Chief Exec. Officer, Pres and Director 288.00K 0.00
Mr. Vincent Palazzolo CPA, 50
Chief Financial Officer, Principal Accounting Officer and Sec. 288.00K 0.00
Mr. Edward J. Fred , 55
Consultant 443.00K 0.00
BUY SHARES ON THE OPEN MARKET -- EDDY and Doug and Vinney BUY SHARES OK. Show your shareholder centric side IF YOU HAVE ANY........the company only makes money when war mongers are leading the nation and you get the easy money from it. You know I am right.....AGAIN. Boolean
yet they touted this company in their annual to suck in the unsuspecting small investor.........I own my shares all in the two range so this is no big deal but I hate it when companies play the small investor like that...........I told you what was on the table and it all came true. They need to step up now and BUY SHARES ON THE OPEN MARKET. Boolean
You made a Yahoo ID up the same day you posted this garbage. More insider and obviously bored executives looking to pump a dead stock. You folks are really shameful and insidious. You have as much credibility as your former CEO.
Sentiment: Strong Sell
Do you ever ponder the possibility that the executives are participating by way of an investment group? There are a lot of shares held by institutions.
I believe “Institutions” are privy to information that sport-traders are not.
The measly few-thousand shares that volley around day by day are not what I base my “buy” on.
I like the Ariel-Chicago-Washington connection too. It feeds my conspiracy theory side.
The A-10 is not dead yet. The last press conference I saw regarding Iraq was held right in front of one of those ugly beauties. If the Air force does not want it, there are others who do.
and still have not bought shares - management tells you in the annual how great things are and the great things they are doing but the stock drops and they DON'T BUY SHARES ON THE OPEN MARKET. They just take the freebie shares and rip shareholders. Call them and ask them WHY. Go ahead. See what kind of response YOU get. They look for easy GUBERMENT MONEY and fail to diversify. They need to SELL OUT to managers who know what they are doing. Get with it kids and stop being far right wing lemmings -- be independent as myself and think and act INDEPENDENTLY. Boolean
Bool, why don't you go Buzz off with that loser Buzztime you are bogged down in, and down is the direction it goes. It even has a CEO who won't take questions. What are loser you are
Part 2 of an unbiased report from The Street:
" Compared to other companies in the Aerospace & Defense industry and the overall market, CPI AEROSTRUCTURES INC's return on equity significantly trails that of both the industry average and the S&P 500.
Net operating cash flow has significantly decreased to -$0.76 million or 166.54% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
In its most recent trading session, CVU has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
CPI Aerostructures, Inc. is engaged in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. CPI Aerostructures has a market cap of $88.4 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 29.1% year to date as of the close of trading on Tuesday".
Sentiment: Strong Sell
He fails miserably, and costs the company business which damages their reputation in the industry and with customers who have lost faith. And then in the ultimate fiasco you take this underqualified, in over his head individual and make him CEO???????????????? Based on what pedigree or history of accomplishments?
Well no wonder The Street spoke loudly.
"NEW YORK ( TheStreet) -- CPI Aerostructures (AMEX: CVU) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
◾ CPI AEROSTRUCTURES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, CPI AEROSTRUCTURES INC reported lower earnings of $0.92 versus $1.39 in the prior year. For the next year, the market is expecting a contraction of 8.7% in earnings ($0.84 versus $0.92).
◾ The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Aerospace & Defense industry. The net income has significantly decreased by 1763.4% when compared to the same quarter one year ago, falling from $1.79 million to -$29.69 million.
◾ Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation". Compared to other comp TO Be Continued
Sentiment: Strong Sell