In N. America - you could enter into agreements with 100% of Keysight competitors and not equal their market share in a significant majority of the sectors in which they operate. Going to have to get outside of the T&M space if you want to make up the revenue lost when ATP took a powder - either that or you occupy some kind of dream world in which you think you believe you can significantly alter customer preferences which have been agonizingly slow to change over the previous 40 years.
Better then nothing. Thank goodness for the internet so we can look up some info on this company.
In the meantime with this rally, I am only down 31% in my investment here.
GO Electro ! ! !
if this is the kind of return you're content with - - take a look at MGRC. Comparable business with significantly reduced risk based on much greater diversity.
Relatively speaking this is a very closely held company. Institutions only own 56% and the CEO DG owns the highest percentage of any holder. He runs the company close to his vest and has no plans on having anyone tell him what to do. Starboard or any shareholder activist would have no chance here.
That is part of the deal when buying in to ELRC. Anyone who invests should already know this through their DD.
You either trust this guy that he is doing the right thing, or invest someplace else.
I took a huge loss here last year selling over half my position but still hold a few thousand shares. I may buy more depending on how they handle the lost contract.
The dividend looked appealing last year and the financials looked strong, but today is a new day and tomorrow is very uncertain here.
I just started looking at this stock. They've got plenty of free cash and no debt. Losing Keysight is not that big a deal (distribution margins are really small as compared to leasing margins). It would be helpful if they had an investor presentation that informed investors where they are going and how they will replace Keysight revenues with higher margin revenues. Anyway, they've been paying 0.80 per share for three years and while cash flow will be crimped this year, their contractual obligations are minimal. It might get cheaper for the very sentiment that you express. This one is a wait and see, I guess.
On a PPS basis, this issue has lost more than 2 of the 10 "worst performing stocks of 2014" - - - -
But no one is talking. . . .
No one is explaining . . .
No one has a strategy for recovery . .. .
Or if they do - - - they aren't sharing it with their common share holders.. . . .. .
In other news -- - - "Transcat Reports Increased Net Income on 11th Consecutive Year of Revenue Growth for Fiscal 2015" - meanwhile back on the farm . . . . . cue crickets chirping.
Management owns 30 % of the company already. There dividend is in access of there earnings, the cash flow has gone negative, and yes, they lost theie biggest contract. Going private will give them more time to address their current issues then having to answer every 90 days to investors.
If anybody is strong sell, what is point of holding? Take your loss and move on.
Nice redirect - -
Facts remain that there's an elephant in this room and no one's speaking openly to their investors. At the very least, management doesn't have an answer to the problem.
Sentiment: Strong Sell
Yes, there sure is.
T Rowe Price owns 3.8 million shares, but it does not look as if they are selling out. If they stay in, I stay in! :)
WOW! *THAT'S* the ONLY QUESTION??
Someone isn't paying attention to the details.
This pig has lost (round numbers) 30% of it's PPS since March 2nd when we announced the discontinuation of the ATP agreement with KEYS and yet, here we are 90 days downstream and not a peep, not a mention of corrective or mitigating action plans. . . .
Come on guys - - there are dozens of unanswered questions.
Sentiment: Strong Sell
True, but I am still not selling (I am not buying either)
I took a large tax loss with ELRC last year but will continue to hold until we see what happens when the exclusive contract ends.
One interesting statistic though, why did AR go up by over 10%, to a record 39 million, when sales went down last quarter?
I hope the company does not lax credit standards just to pump up sales.