Nick Swenson of AO Partners. He has positions in AIRT, ELSE, and PDEX. I built up a huge position in PDEX earlier in the year - above 1.5% of the company, then sold it all off in one day when Seeking Alpha posted an article pumping it a few weeks ago. I've just begun accumulating ELSE - below $4 is generally a buy signal. Nick gravitates to companies with a low number of outstanding shares so they can more easily get a large ownership stake. As a result, they are thinly traded and have wide bid/ask spread. But, he's an activist and works on turnaround plays that are value-oriented...which all three of these are.
You're concerned about PE on ITI but looking to buy COSI?
ITI is a growth story for the next year or two and has been for the past few as well. There's no debt, almost 70 cents/share cash, was trading at BV just prior to earnings announcement, they are profitable. And of course, there's the chart.
I am thinking COSI has some kind of NTS thing going on. The guy would be an idiot to bet the ranch on the company in its current state. ITI looks interesting but the pe is way up there. Options, the jury is still out.
I have an online investing buddy who likes COSI because of the Lloyd Miller purchases. I personally don't like it and think it's overvalued...but you definitely need to take notice of his purchasing.
A different Lloyd Miller holding which I was lucky to get into a few weeks before earnings is ITI - it is a winner. If you look at the chart you have to love it, the financials are solid too but you have to have patience with it...like watching paint dry, but you will be able to sleep at night with it.
How have you been doing with your options?
I agree but if he'll hold the line through purchases you could see a 20% uptick on no news prior to earnings. I won't be around for the December call.
Thanks - I've been watching ... I saw his big purchases from the prior week.
My problem is that I really don't like the company's business or their financials - Eberwein is the only thing I like. Not sure if it's enough...though I said the same when I saw him ramp up purchasing DRAD at the end of last year and have regretted it since.
What you may want to do is to drop some email to the folks at ISS (Institutional Shareholder Services) - you can look up the address on their site - it is the USResearch one. They can review the offer and then make a recommendation to their institutional clients. I recently did this with a proxy for another company I own and they are really good people and objectively review it from the shareholder perspective and what's best for them. They have set criteria which they work from and it is a very systematic way they do it.
If you can get them to support voting against it, that will be what the majority of institutions will do. It's definitely worth the 10 or 15 minutes it will take you to look up the address and send a well-written note to them.
This has to be voted on,the party may get bigger! Lots of people will make a ton of this deal but if they were smart they would hold and not sell by voting no !!!! This company will make all of use more $$$$$ down the road. My 12000 shares are voting not to sell. Use your brains,why do you think these people want to takes this private?
Having your id and post removed the first time wasn't enough? If your law firm is so stupid, do you really expect any shareholders to be naive enough to call you?
Just found out I can vote my shares,and quess what way I'm going to vote. This company will make someone a ton of $$$$ in the future. For this reason I'm voting to hold on to my shares. Quess who makes the most in this stock sale,thats right, its the CEO and his 8% of the total sale in shares, plus he'll make a ton more in the future when and if this company goes private? Please let this company run as a public company,we'll all make more. Thank You
First of all,I guess that my 12000 shares have no voting power because someone has control over 51 % of the company? I was looking for this company to go right up the laddler and I still think it will. One of these times I 'll get to ride a stock all the way to the top. Maybe I should call those money sucking lawyers???? Made some big $$$,so I'll just be happy to run with the other 49% shareholders. I quess I'll have to check who owns the major shares of my stock holdings??
Agria (GRO) will rise by a minimum of 20% this week, and could rally 40%-80% this week! GRO is a Chinese company traded on the NYSE that has a controlling stake in New Zealand's largest agriculture company. The IMF is projecting 2014 NZ unemployment to fall to only 5.3% vs. 12.2% in Euro zone countries, 7.4% in the U.S., and 6% in Australia. NZ's economy is expected to grow 45% faster than the average developed economy in 2014. NZ's deficit is currently only 0.4% of GDP, compared to 3.5% for advanced economies as a whole. NZ will be the biggest boom economy in 2014 and GRO could capitalize the most and become the largest percentage gainer on the NYSE!
80.4% of GRO's USD$960.7mm in 2013 revenues came from its NZ businesses. GRO's 80.81% owned Agria Asia subsidiary owns 379.1 million shares of PGG Wrightson (PGW.NZ), trading on the New Zealand Exchange for NZ$0.39. The current market value of these shares is NZ$147.85 million or USD$125.67 million. GRO's 80.81% stake in these shares is worth $101.56mm. GRO has only 55.38mm shares outstanding, meaning GRO's PGW.NZ stake is worth $1.83 per share.
GRO deserves to trade well above $2 per share after including its wholly owned China seeds business that was profitable in fiscal 2013 with revenue growth of over 98%! Depending on if we value GRO's China seeds business at 1X, 2X, or 3X its $17mm in fiscal 2013 revenues, GRO deserves to be trading for either $2.14, $2.44, or $2.75 per share!
GRO in July paid off $10.1mm of its debt leftover from its PGW.NZ share purchase, reducing GRO's total debt to $75mm of which $32mm doesn't mature until May 2018. Of GRO's $43 million in short-term debt, $26.8mm is backed by pledged restricted cash deposits that can be used for repayment, leaving only $16.2mm in unbacked short-term debt. GRO has $42.5mm in unrestricted cash and can immediately pay off its short-term debt and have $26.3mm in cash remaining. PGW.NZ paid NZ$0.032 in dividends last year, netting GRO USD$8.33 million!
"They"? You meant your employer.
For a law firm, don't you think it's ironic how you spam the messageboards violating the Y! Terms of Service?