T merger. The staff report is in the
commissioner's hands, and the vote could take place at any time.
The vote is not on the agenda for 9-15, but they
assured me they were trying to complete the vote by early
fall. This deal is way overdue.
I hope HWYM
tailgates in with an AIT contract, but who knows.
This might be my last time writing on this board.
No matter what is said, last earnings announcement
and recapitalization is not good.
I have my ask
out there at 1 9/16 and will get out of 60% at that
price. If I don't get out of any, then I will sink with
the ship. I will keep some just in case there is good
news in the future, my 40%, if this one will get back
up to the 1 9/16. Again this was gambling stock, I
was fully aware that I could loss all I
My interest now is REITS, they are just getting
killed. I don't see another sector that is beat up so
bad, and nice thing is, ya get a dividend. One I
bought today pays almost 40% and of course they can't
keep doing that but their FFO would indicate that they
will have to next year. With the purchases I have done
recently, I'd get near a 5% dividend return on my intire
portfolio, and I've never done too much in that area in the
past (income over capital gains).
REITS now may
offer, as the one I did today, a $17 book value, makes
money with recent financials, this month, a PE of 14 or
so, FFO that would keep a 40% dividend constant or
near next year, and I got in at $5.75. Of course it
has to be at risk, you don't buy book value of $17
for $6 bucks, but there are a ton out there that
apparently selling close to the same. I've spread over
three, in three distinct sectors, so we will see how it
I just can't find much to buy now, maybe Safeway
tomorrow, maybe not. REITs seem to be the area to get into
Good luck to all, I hope this one turns.
Mexican coverage for trailer tracking is a major
need for U.S. shippers and carriers that operate into
Mexico. Movement of components and end products to and
from Mexican manufacturing plants. The trailers get
handed off at the border. So, Mexican coverage is really
necessary for domestic sales of Trackware.
not all) of the companies that have invested in
trailer tracking so far are U.S. based carriers that
operate into Mexico.
Will have to quote some cause I don't know where
some of your comments came from.
I won't quote
on the chapter 11, this one is big time headed that
way. For holders though, do ya get out now, or take
the risk that the books might be cooked some, yes it
can happen, and there is value we can't see? I'll
take that risk below my current get out price, cause
of the risk rewards as I see them now. This one was
always a dice toss.
>That's what makes them
interesting. I follow >them mostly out of morbid
fascination and >intellectual curiosity.
I have a
problem with this statement. This stock isn't going to
hurt me, but it will many.
You have never given a
great reason to get out cause ya hyped your view so
much, just like a short would do. Good information in
small doses might have saved some. Big players don't
get hurt, the small ones will, and this one could
hurt some, and has with past management.
Mexico, if a company can't make a bottom line on domestic
sales, what difference would doing international do,
when Mexico is famous for not paying bills and ya have
foreign exchange to deal with? The compition can have the
Mexican market, cause this industry is too small to know
much about a devalution of the peso that is cents on
the prior valuation when oil crashes, or any number
of political thoughts about the country and a second
party making a break trough.
Thanks for your
information on the debt, I have another stock were I missed
on that one and paying for it, that is real money
though, not a dice toss like this one.
to ya, hope ya bought some LU when it was under $60,
wish I had had more money to put into that one.
I agree that most of the capital restructuring
options I listed are not realistically viable, especially
the placing of more debt. That's why I qualified them
as being "hypothetical" possibilities. I was just
trying to provide HighwayMan with a generalized answer
to his general question about capital
I'm not sure exactly what will happen. I believe they
will go chapter 11, but don't know for sure. That's
what makes them interesting. I follow them mostly out
of morbid fascination and intellectual
In regards to the comment about revenue not yet
being recognized by Trackware's competitors , I believe
this comment was in regards to large contracts being
signed, but installs and subscriptions being slow to
follow. I.E. no big rush to pay and get the benefits.
I.E. The long sales cycle that Jana mentioned also
being followed by a long install cycle before any
Lack of Mexico coverage is going to
make this even more of a challenge for HighwayMaster,
because that is what has been generating the biggest
demand for these types of systems.
You were maybe too kind, or really don't know as
much as your normally do.
>Asset sale and
We are talking your favorite stock so "1" might be
the case, but would not be announced as a restruture.
Two is the best possiblity with a very large delution
of current stockholder's equity. 3 can't be done! 4,
maybe, but who wants the debt? 5, same as 4. Asset sale
and disslution, how many managers do that when the
stock is down and assets aren't worth the
Come on guy, this one died with the last earnings. If
my wife is right and there is a new "big" customer,
then maybe a going concern and we can take heart on
that. For right now, it doesn't look good, and I
probably will get out of a majority of my shares.
Ya won, we might have lost, depending on where we
bought in at, and what we get out at.
Capital restructuring is not good for the short
term, but I haven't read all notes. Based on the poor
earning last quarter.
Capital restructuring, with
the debt level Sanderquick mentioned would probably
highly delute the shares. It might take away some of the
debt, but cents on the dollar. Just a thought on my
part, but with the loss, I am worried again if this is
a going concern for current stock holders.
Capital restructuring, my guess, would be changing debt
for equity, in this case. SBC, coming in with equity,
cents on the dollar, and retire debt, as a possible.
Just a guess though from your note.
stayed strong, volumn down today. Might indicate last
quarters earnings aren't what to look at right now. Volumn
decrease bothers me some though. Heard from my wife that
they have signed a large trucking company, but think
that might be trailer tracking, and not new news, or a
For me, looking at getting out
for some shares, just don't know when. Had a $4 stock
go to $5, then back off, today, so not into getting
rid of stocks I might wait on. The oen today has a
long history of making money though, no debt
Good luck to all,
Hello Hwyman, haven't been here or heard from you
in some time. I ran across this article while
researching something else and I thought you'd all like to
review it. Take care.
Coming Out of the Dark
Source: Journal of Commerce
Publication date: Nov 08,
For the first time in its seven-year history,
transportation communications company HighwayMaster
Communications is making money. It all started last year with
the hiring of Chief Executive Officer Jana Bell who
promptly revamped the company, brought on new people and
The first evidence of the
company's turnaround came in February when it announced
profitable results for 1998 and the fourth quarter. In
August, the company announced that its second quarter
also was profitable. Now, said Todd Felker, senior
vice president of sales and marketing for
HighwayMaster, the company is more focused, infrastructure has
been built and a new management team has been brought
in by Bell.
Best of Investing to you
They need to find a way to restructure the debt,
because they don't generate enough cashflow to make the
interest payments , much less to pay it off.
Although many on this board don't seem to accept that a
restructuring will be necessary, HighwayMaster management even
admits it. Some of the theoretical possibilities
Asset sale and
There were a lot more questions this time than last
time, which I found interesting. I didn't recognize any
From the conference call. ATI and Trackware will
be coming into play after New Years. They evidently
have some customers in trials with Trackware, and
expect to do an AIT deal, but it will be a little later.
I was pleased to hear Jana hint at Rail trials. I
say hint because I didn't think her answer was
definite enough. Overall I am pleased with the results,
but impatient for news.