To sign more talent you know what I'd like to see and think would work really well? Give each new client a signing bonus of 1000 shares. Alot of these young people have never owned a share of stock in their life. As owners of WHLM can you imagine the conversations at cocktail parties, with friends, and with potential clients.
Moreover as owners they be loyal, hard workiing and conscientious about promoting the company and seeing it do well. A small $140 investment could yield, I believe, some pretty hefty dividends.
What do ya think Breeze? Would new clients be standing in line to sign?
They didn't generate any positive cash flow because of the IRS settlement and paying bonuses accrued in Q4. The balance sheet has been cleaned up, with just the line of credit liability left. The modeling biz is back to positive growth - no real lingering worries about losing biz because of the Patterson firing. The WAM biz is always lumpy. They just need to sign more talent to smooth those results. Should generate enough positive cash flow the rest of the year to either build the cash balance, repay debt or buyback stock. Again, its a long slow slog with this one.
.....but encouraged by management's statement that earnings were hurt by hiring "key personnel to execute the company's strategy of increasing value to shareholders........"
Too bad it hasn't worked so far. Maybe next quarter. Just hope it's not a BS statement.
I was right, there was a new 5%+ owner in the wings.
I guess in your dictionary the word "anything" doesn't mean the same thing it does to the rest of the world.
It's drafty on this board.......and it sells bad too.
Anyboby buying that many shares you have to assume did some pretty extensive research , knows the business well and WHLM's potential and status in it.
This was nice to see. Very encouraging and positive .GO WILHELMINA!!!
Ron Chez adds another 269K shares to his stable...signs agreement with WHLM to not purchase more than 10% of shares outstanding.
Breeze; Sorry you were comprehensively challenged by my post. Evidently, mosts of my posts you have issues with.
So as not to cause more anxiety and issues for you I suggest you either avoid reading anything I post or put me on ignore. That way you can avoid getting bent all out of shape, keep your blood pressure down, your anger controlled , have some peace any enjoy this board more.
If like last year this 1st quarter will be the worst of the year and the second quarter the best.
What would be nice is a better 1st quarter than last year's and revenue of $16M the 2nd quarter. That would show some real #$%$ growthwise which has been inconsistent
I first bought in 2010...doubled my stake last year. I see no reason to sell my shares anytime soon. As long as they continue to generate $3-$4M in FCF a year I will likely hold. Think what they can do with that money...they only need to keep a couple of million to run the business. I'll be interested to see how they did in Q4. I hear rumors that Patterson is looking to start his own agency or go to a rival and bring some of WHLM's male models with him...we will see. That could be a negative, but it seems like they are focusing on growing the artist management division right now...core modeling has been fairly stable...down a bit since Patterson left. Will know more how everything is doing soon...hopefully Monday if they file the 10-K on time. They were late with the Q3 10-Q for some reason...a first for them since I have been following them. I don't like late filings.
Question(s) for dabreeze21,
How long of time have you held shares of this Company?
Are you planning to hold for many more months, or years?
Do you invest or trade this company?
Is the company stable?
From Yahoo new and improved message board, they wiped out older messages that I always tried to research through before investing.
You do post interesting comments.
How do you know he's not teaming up with our former chairman in an effort to stir up trouble?
Newcastle owns less than 50%........but they do control the board. My knowledge base is like the wind's.......fleeting.....