Sat, Jul 26, 2014, 11:55 AM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Cobra Electronics Corp. Message Board

  • longtimefollower longtimefollower Jun 11, 2010 10:19 AM Flag

    50,000 shares being offered at $2.36 right now.

    UBSS is offering them. I'm at 9.9%, and would prefer not to become a reporting insider, even though I think it's a great buy at current prices.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Not sure. Why don't you research it for us. My suspicion was always that "outside insiders" were treated exactly the same as "inside insiders." That's why many outside institional investors don't go over 10%. Not merely because they don't want to file Form 4's.

    • Longtime...based on most of your shots,picks,and investments..COBR looks to offer the most opportunity AND they have delivered what they have told folks here the last couple quarters. As you know that's critically important nowadays.
      Seems to me a 50+ year history offers strong brand recognition.
      I fully believe once they finally arrange(and I think they are very close) a long term banking package things could get very interesting here.

      Most of your heavily in debt investments, recently, do not look very promising IMHO

      So why be so uptight about missing such an incredible value, so you file as an insider, what's the big deal?
      best of luck and good investing to you!

      • 1 Reply to value1gimme
      • >>I fully believe once they finally arrange(and I think they are very close) a long term banking package...

        What, praytell, would be your basis for "thinking they are very close"? They certainly haven't talked about it, so I'd like to know the basis for your confidence level.

        >>Most of your heavily in debt investments, recently, do not look very promising IMHO.

        Most? Are there more than one? Are you talking about PFIN...or something beyond that one?

        >>So why be so uptight about missing such an incredible value, so you file as an insider, what's the big deal?

        Remember, my average cost is something like $1.60, as I recall, so I'm not "missing such an incredible value" at $2.31...even though I think it is a great buy at current prices, especially in the context of the Q1 earnings release, and management's guidance for the rest of the year, and the fact that "financial risk," in my opinion, is dramatically lower than it was 6 or 12 months ago.

        Cobra is, frankly, a large enough percentage of my total portfolio, at this point, and it's not like I have a lot of free capital floating around right now. I also think that stocks like NTZ, CEP, CMZ, MCGC, XJT, RAS, et al, are as attractive as COBR, short term, anyway, so for diversification purposes, there's an inclination to go in that direction. Besides, being a "reporting insider" is a pain. You are "locked up" for 6 months from your most recent buy...and you have to report EVERY transaction within 24 or 48 hours (I forgot which it is) on a Form 4. Not, generally, worth it. That having been said, as stated in my 13D filings, I reserve all rights to increase or decrease my position in COBR at any time for any number of reasons.

    • Correct me If incorrect ...but the liquidation value..the NET asset value is around $3.06 per share...

    • I like COBR better than TA although I own a little of both. I think Cobra COULD be a real long term home run. Somewhere I saw where the liquidation value of COBR is 2.30, so it is trading right there now.Kind of a margin of safety.

 
COBR
4.21+0.09(+2.18%)Jul 25 3:57 PMEDT

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.