Mon, Mar 2, 2015, 6:24 AM EST - U.S. Markets open in 3 hrs 6 mins

Recent

% | $
Quotes you view appear here for quick access.

Comverge, Inc. (COMV) Message Board

  • wolfv98 wolfv98 Mar 16, 2012 1:10 PM Flag

    Blow away results. Real Guidance

    Wow!

    Blow away results. Phenomemal guidance for 2012.

    Real strategy real wins. Finally a CEO that did what it took to turn this around despite what he inherited from the Former Interim CEO, Mr. Picchi (The same individual who signed these ridiculous loans with PFG) is gone and finally the new CEO and a strategic and patient board have . The same individual who signed these ridiculous loans with PFG.

    22 Utilities now run intelliSOURCE. Impressive, and they released that they added some new customers in the last quarter such as NHEC. Looks to me like their software platform is becoming the leader in the space.

    Who's buying?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • A little too fast on the POST button.

      Repost:


      Wow!

      Blow away results. Phenomemal guidance for 2012.

      Real strategy real wins. Finally a CEO that did what it took to turn this around despite what he inherited from the Former Interim CEO, Mr. Picchi (The same individual who signed these ridiculous loans with PFG). Finally the new CEO and a strategic and patient board have delivered a solid year and a positive outlook.

      22 Utilities now run intelliSOURCE. Impressive, and they released that they added some new customers in the last quarter such as NHEC. Looks to me like their software platform is becoming the leader in the space.

      Who's buying?

      • 1 Reply to wolfv98
      • wait till the dilutive recapitalization is done - so you will be able to buy the stock close to the levels the private equity firms will negotiate.

        a guess at the price point for the much needed capital infusion:

        company needs at least around $50 mln to get rid of the bank credit line, some short term debt and payables and to finance future working capital expansion. As the company is still burning cash heavily they should try to get even more cash. Otherwise the company would have to tap the equity markets again within a short time frame.

        Current market cap is $42 mln - new equity for distressed companies will come at a huge discount or perhaps even with warrants attached or as interest bearing preferred stock.

        Look at QTWW today to get an impression what an equity financing can do to the stock price.

        If they manage to issue common shares at a 20% discount to the current stock price the company will have to issue around 38 mln new common shares at $ 1.32 to achieve a $50 mln cash intake (prior to any placement fees).

        This means the company has to issue 1.5x the current sharecount, so shareholder would be diluted by around 60%.

        So just wait for the recapitalization and then buy the beaten down stock.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.