Well at least it could be---Have been receiving reports today that he has been sighted
by several individuals----in Louisville Kentucky--yesterday in a Memorial Day Parade
(carrying a baseball bat), and today at the Hillerich & Bradsby Louisville Slugger Bat
factory and museum at Eighth and Main Streets----Apparently he is having 100 bats
made for him personalized with GaINAcing GaINAc and his holdencf signature on
his Louisville Slugger bats similar to the Ted Willaims model.
Inforrmation is still a little sketchy---some say he looks a little unkempt and disheveled--
others say he looks trim, dapper and debonair----I prefer to think the latter.
Will attempt to keep the Board informed as further information is received and processed.
Prior to the AT&T deal I had been advocating for over a year that BOD find strategic buyer--thinking
that a valuation of somewhere between $3 and $4 would be possible--
The AT&T deal is a potential game changer for Sync ----still will require solid execution.
In any event AT&T plus other initiatives launched in the last 12-18 months under leadership
of Himesh could, and hopefully will propel this stock to much higher levels in 2017-2019.
Personally, I feel comfortable holding, and adding to an already overweighted position
at or around the current $2.75-$2.84 price levels. Anything can happen of course and in a
weak overall market stock could go lower from here----.
The rationale that I am using, simplictically (although there are many other metrics) is that
IMHO this stock could trade at 1X Revenues in 2017---Assuming $225,000,000 Revenues
in 2017 and assuming 34,000,000 shares (after recent options issued)--- a reasonable
2017 price target of $6.62?---OK reduce to $6.00 to be conservative---In any event a
potential 115% +/- one year rate of return?
Everyone should continue due diligence efforts and be aware of risks involved (see SEC filings)
Over 100 comments following the Seeking Alpha article ---some very insightful IMHO.
Some of comments reference some very recent positine Street Analyst Repots.
IMHO with good execution on business plan by Newt team, decent chance
we could get over NAV ($14+) over next 12- months meanwhile receiving
$1.68+/- dividend over next 12 months--If achived by end of June 2017 an approximate
21% (divdend + appreciation) rate of return from Friday $12.92 closing price.
That would work for me.
Good question---Himesh, I believe stated as a goal---$225,000,000 revenues in 2017--
Hopefully that number factors into the analytical equation the possibility of some loss
of revenues from various current customer/clients---Up til now Himesh has been
conservative in stated goals re: revenues, ebita etc. Implicit in all of this is the need for
management to run "a tight ship" and achieve solid profitability (not just solid ebitda)---
I thought Barry did a fine job on today's' webcast.
The Investor Presentation has been updated.
2nd quarter dividend should be announced shortly
with ex-dividend toward the end of the month.
Although risks ever present, with stock now at $12.90,
IMHO decent chance for 12%+ dividend return plus
quite significant appreciation potential between now and
end of 2017. Will still need excellent execution on the
part of the whole NEWT team.
Profit taking after huge run-up + weak overall market---
Market makers largely gone---replaced by computers
Best book on this subject "Flash Boys" by Michael Lewis---worth reading.
Since AT&T deal Volatility greatly increased with hedge funds, day traders, momentum players
and high frequency traders probably all involved
IMHO a 1X Revenue valuation metric would be appropriate later this year---
Assuming $130,000,000 Revenues in 2016 approx. and assuming approx.
34,000,000 shares (which includes option shares not in money)--
it seems to me that a $3.80 price would be reasonable later this year---
a gain of 27% from today's $2.98 close. Then hopefully onward and upward
in 2017, 2018 and 2019.
Stock acting well today--Could be high frequency traders momentum players et.al. more involved.
In 2017 strong free cash flow generation possible----Assuming no acquisitions I am currently
guesstimating that cash on hand end of 2017 in excess of $30,000,000.
Another point not mentioned previously--NOL's at end of 2016 should be greater than $20,000,000
Yes next $20M of operating income will be largely free of tax--(may have small amount
of foreign taxes---the number could be higher or lower but that is approximate)---
This year we will probably have another loss from operations primarily
due to depreciation and amortization expense and stock compensation expense
(non cash outflow items)
But I need to check more on this---
Will pore over 10K and see if I can get an exact number.
Newt @ $12.90 IMHO has potential for near term and long term appreciation---
Stock is volatile and can trade thinly at times---As always need to be aware of risk factors
(see SEC filings)----
Barry will be presenting at LD Micro Invitational at 12:30 EST. and I am anticipating that
he will do well in this format---
Yes Thanks Cop---
You are correct--It was tried on Mars in 1992 and again in 2006 and it did not work---
I believe they are still trying something similar to see if it can get implemented---
NOTICE IS HEREBY GIVEN that a Special Meeting of Shareholders (the “Meeting”) of Newtek Business Services
will be held at 2711 South Ocean Drive, Hollywood, FL 33019 on July 27, 2016 at 10:00 a.m., local time.
The Meeting is for the following purpose, which is more completely described in the accompanying Proxy Statement:
1. To approve a proposal to authorize the Company to sell shares of its common stock, par value $0.02 per share, at a price below the then current net asset value per share of such common stock in one or multiple offerings, subject to certain limitations described in the accompanying Proxy Statement (including that the number of shares sold on any given date does not exceed 20% of its outstanding common stock immediately prior to such sale).
This will probably be discussed at LD Micro Invitational on June 8th---