An insider sold 8,000 shares at $5.15 last September. Another insider sold 7,900 shares last April at $6.30. Those are the only insider sales in the past 11 months. That is the fact.
Yes dividend is currently higher than earnings. But they have plenty of cash. And are obviously expecting a rebound in earnings.
Business falling apart? Look at the last 3 quarters. Revenues and earnings have stabilized. Maybe you're looking at the year-over-year comps, which have been ugly. They have one last poor Q4 comp this month, that's your only hope for a quick dip lower imo.
Business isn't great, but that's why the stock is at $4 and not at $14 like last year. They have a strong balance sheet and pay out a juicy dividend. There has been a positive tone to the last couple of conference calls. We'll see how the Q4 call goes. I think there might be an excellent buying opportunity after the Q4 report.
RFIL earnings can improve dramatically when business conditions improve (and they will at some point). I'd sure rather be long than short at these low prices. We'll see the stock back at $5-$6 later this year, and you collect a big dividend while you wait.
facts are insiders are selling they are paying out in div much more than they earn. Any business is falling apart. All this will drive this to around book value before any kind of base can be made. Short any kind of buying in here at these levels and you will be well rewarded.
LOL are you serious with this stuff? First of all, insiders are not selling like crazy at this price...so let's stop with the lies. An insider exercised some options and sold shares in September. Before that, looks like an insider sold some shares in April. Hardly selling like crazy!
And $2? You must be joking. Sales have stabilized in the $5-$6M range per quarter with earnings around .05/share per quarter. Yes that makes the business worth about $2. But then you have to factor in the balance sheet. Company sitting on $1.63/share in CASH. And don't forget about the huge dividend. Stock won't fall much further with the current 6.9% dividend yield. At $2, RFIL would be yielding 14%! haha
You may get lucky and see a brief dip when they report a Q4 comp this month. But I'd cover quickly. Because after that, numbers should start a gradual improvement in 2015. If they close that acquisition, numbers could see a big improvement. I wouldn't be surprised if RFIL doubles from here by yearend.
this is going to 2 before any kind of base can be made insiders are selling like crazy up here. Look for more new lows soon
Time to short was $10+, not now! They've got a strong balance sheet and pay out a huge dividend. Business has stabilized and might even improve from here. Plus there's an acquisition that should be finalized soon. There should be a few more days of tax selling, but after that I'd rather be long than short at these prices.
paying did more than they are making looking to spend millions to try and fix it. This is the perfect kind of stuff to lead to BK. We are looking for this to go back to 2 short term and maybe lower if they do not make it.
Good buying opportunity this morning. Apparently that fired employee who sued the company is back in the news. The fact that he wants his job back kind of says it all. Was discussed in RFIL 10K and 10Q filings last year.
Note 13 - Legal proceedings
On May 24, 2013, a former employee of the Company filed a complaint with the San Diego, California office of the U.S. Department of Labor-OSHA alleging retaliatory employment practices in violation of the whistleblower provisions of the Sarbanes-Oxley Act. The complaint alleges that the former employee was terminated in November 2012 in retaliation for making disclosures relating to fraudulent accounting practices and lack of compliance with U.S. GAAP; violations of multiple Securities and Exchange Commission rules and regulations; and fraud against the shareholders. The complaint does not seek any specified amount of damages, but does seek various forms of relief, including the following: Reinstatement of the former employee’s employment, or in the alternative, an award for lost future wages, benefits and pension; back pay and bonuses; compensatory monetary damages in an amount to be determined; reasonable attorney’s fees; and all costs of litigation. The Company disputes the retaliation claim and has notified its employment practices liability insurance carrier of the demand.
Another .07! Thought they might reduce it with the acquisition. Glad they didn't. Surprised more buyers aren't jumping on this. Profitable Nasdaq tech company paying out a fat 6.3% dividend yield. There can't be many more like this?
They talked about their plan to make at least one acquisition on the last CC. Not much detail today. But at least it would add $2M to quarterly revenues and hopefully a penny per share (or more) of profit. That, combined with a recovery in their normal business, could lead to some great comps in 2015. I'm surprised the stock isn't up a little today on this news. At least there's a pulse!
Only seller is William L. Reynolds. 79 yrs old. Indep. Dir.
Maybe he´s drawing down to pay for his health condition. Might be time for him to leave. So just vote him out. He only sold 23,900 shares not a big whooper of a problem, only .003% of the float. But i think he should leave anyway not because of his sells, but because of his age.