The upside is being in the stock before Institutions come in and drive the price up. Thats where the real upside will be.
.50 per share premium is quite a premium-20% of current face value of stock 2.50. I have contemplated selling covered calls but dont want my shares called away for what is usually a small premium....
Somebody is quite confident GV will go higher,.. just spent $15,00.00 on 300 calls. I have sold quite a few myself, of all the expirations. But from the activity I've seen lately, I don't think I'll be selling many more. Fair PE value for this stock, it should be $3 + right now. And it would be, if J.S. was more proactive about selling GV's story.
I wouldn't advocate buying shares while holding nominally 20mm in debt plus the off-balance sheet obligation to Terex on 5 year lease. I'd rather see the debt pre-paid.
In hindsight I of course see your point as the share price has recently doubled.
Agreed - the share price action is surprising. The stock is clearly undervalued here and the price will likely continue rising in the next 6-12 months. I also can't figure out why management never bought back shares in the last six months. I called management a few months ago to discuss this with no return phone call. That would have been a homerun per dollar deployed. Maybe they are getting 100-percent returns on capital somewhere else - I'm guessing not.
To a point. Salaries (including bonus) have basically doubled for CEO, CFO and BOD. I voted for new comp plan substantially increasing bonus to CEO. The issue is shareholders are NOT part of the club and I see no effort on mgmt. part to change this: ie: conference calls, engaging analysts on Wall Street, any PR other than minimum required by (sec) law. No insider buying by any board members whom salaries have doubled in the last couple of years.
The share price doubling from annual low of 1.13 doesn't impress anyone-the stock never would have got down to that level with better pro-active management.
This isn't a year old IPO, this is the oldest company on the Amex (now not delineated as such since Amex was bought by NYSE) 100+ years.
The long term shareholder has suffered owning this stock. It trades at a steep discount to every standard market metric!
I agree it would be nice to see some buying. However, I do like the incentives in place for Davis, which are tied to increasing net income of the power business.
Would be nice to see Mr. Davis step up to the plate and buy 50,000 shares with some of that 390k bonus money! Earning blackout period over since q1 reported.....
Information from latest proxy statement.
I see 6.76 and it says ttm/intraday. I take that to mean the price numerator is updated daily resulting in an up to date p/e.
Thanks for all your posts here. People like you keep me coming back to these message boards in spite of all the “Alerts” and trolls.
is the companies reports filed with the SEC. Take the extra few minutes to do the math.....all the information is right there and that's where S&P Capital IQ gets the info (for the most part) published on Yahoo Finance. It is foot-noted on Yahoo Finance as to the source. Forward looking numbers can be interpolated since guidance is not given....
In my TD Ameritrade account they list HK as having an 11 Billion dollar market cap. That's only
about 10.5 billion off. Actual cap is 123million. How misleading is that!?
And I called them to make them aware of their mistake, they ignored me.
Be careful of news stories you read too. Sometimes the publishing dates can be months or even years off.
Looks like AIG & KCG sold out and Lone star added, resulting in the net increase of 13k.
13,000 share net increase. It looks like Jeff Eberwein's (former director) Lone Star Value Mgmt Fund bumped its holding up from 10,000 to 25,000.
In terms of % its only 7.88% of shares outstanding.....
Google it since Yahoo doesn't permit links.
Agreed. Mgmt needs to execute to get this up to a fair share price....
If GV continues to increase its earnings then the earnings should go to (1) pay down debt from their acquisition, (2) towards an additional acquisition, (3) internal growth of business, or (4) returned to shareholders via a dividend. All of these improvements will garner attention over time. It takes time for a small company to show sustained growth in an industrial sector.