more $4.0 million in cash, "will be recognized as a gain in the second quarter of 2015". per 05/12/2015 pr
market cap is only
SWSH Security Details
Market Value1 $18,443,798 a/o Jun 30, 2015
Authorized Shares Not Available
Outstanding Shares 17,565,522 a/o Jun 03, 2014
I noticed today that the stock was up over 5%. BUT it was on TOTAL $'s on BUY side of $6,265. That was the ENTIRE day. I guess some HUGE institution came in and bought some shares. What a laugher!
Yeah, unless he was paid with stock like quite a few of the others. Stock that could not be exercised for a period of time. Enough time
One more item of interest. I noticed there have been no acquisitions for months now. One acquisition was of real interest to me. This LOSER company announced that it bought a ONE MAN operation in Texas for
$250,000. Yes, that's right. A one man operation for $250,000. Don't you think that guy was the happiest man on earth at the time. $250,000 and now he's gone. This was a real laugher.
Anyone know what happened to pmdkia? He constantly blogged about adding shares highlighting that
'pennies make dollars'. Well, he has been absent for months now. Not a peep out of him/her.
Many speculated he was in upper management trying to hype the stock to sell his shares. Perhaps, these people were right. He's gone with his 300,000 or so shares he owned at an average price of $3+ (prior to 1:10 split). So, with close to a million $'s worth of this pathetic stock he claimed to have owned the current value of his 'stake' is worth about $33,000 today. Sad! EVERYONE tried to tell him but his obstinate/prideful nature destroyed him.
With the cost savings realized, now breaking even (at least on the books). Cost savings have caused the customer support infrastructure to crumble. There are some very hard working customer support employees that are carrying this company. Moral is declining and the attrition of seasoned, customer facing employees along with the limitations of customer solution resources will be the inevitable demise of Swisher (IMHO). The soured reputation of Swisher will not make it attractive as a marketable entity.
I can not understand why the board is letting this happen, do they really not understand anything about this industry? The methodical nature of the destruction of this company, almost seems intentional.
What is their plan?
Still no word from mgt as share price sinks. No reason to believe price won't fall beneath $1/share before Aug 14 shareholder meeting. Perhaps mgt's objective is to let SWSH sink into OTC hell so they can buy SWSH for nothing. 30 days below $1/share and NASDAQ will delist SWSH. We shareholders have got to take a more active role. I will attend the Aug 14 mtg and hope it is crowded with concerned shareholders expecting answers.
Ill give you all the info anyone needs. This is a POS that already did a 10 to 1 REVERSE split, so the stock is really worth about 10 cents, quickly headed to NOTHING, which is what it's worth. If you have any stock, it's going to be worth less, with every passing day, IMHO.
This was a 'ripoff' from its inception. Wayne and Berard were in it for the short term to make huge profits by selling the company at an inflated price. Sound familiar? Wayne was just using his name. The gig is over now.
This company will go bankrupt. Meanwhile, (as you stated) current management will just raid what is left in salaries, bonuses, expenses, etc. For what it's worth, I stated this the very day this company was formed.
At least my nephew didn't get into this as many of his friends in Ft. Lauderdale did. They are all out now with huge losses. They did save a few pennies by selling their shares before it does go bankrupt. Sad.
Not surprisingly, SWSH hit a new price low. For five years management and the board have destroyed shareholder wealth by an average 56% per year. The only solution for us shareholders is to call or write management to demand they sell the profitable units now and shutdown the rest of the company, distributing the proceeds to us shareholders. We might get $4/share. Every day Swisher remains in the control of management and board it diminishes this value. Only new owners, management and board will be able to convince employees, customers, and competitors that Swisher has a future beyond bankruptcy.
Look at Zack's ratings..........They are always late to the party.
If you like to buy em after they have appreciated 100% Zack's is your guy.
The guy selling oranges on the freeway off-ramp has made more money than swisher, just sayin'
Nothing new here. This company is in the best shape it's been in in a long time. Zack's just sees other stocks that you can put your money in that's in better shape. August reporting will tell us lots.
Zacks downgraded shares of Swisher Hygiene (NASDAQ:SWSH) from a hold rating to a sell rating in a research note released on Wednesday morning.