Company is going to have to lever up or dilute shareholders to raise working capital and cap ex money to fulfill its new orders. They are hamstrung by a lack of financial flexibility. This is a small-time shop.
I'm gonna LMAO when Friedman loses his entire investment because he let the company box him in and he did not act quickly enough to stage a coup.
The company should not even be public. Its stock rarely trades. It generates no profit. It has nearly run out of cash. You'd think they would take it private out of embarrassment rather than be publicly associated w/how little they have accomplished for a decade. Hey, you can't be good at everything, and these guys are not good at business--they can't grow a business, they can't generate a consistent profit, they can't get out of the way of their own arrogant belief that they have the answers despite a 10-year track record that proves otherwise. There will be no legacy here, just a sort of agonizingly long term "petering-out". Unfortunately, the founding principals are near the end of their own lifespans. YOLO and they wasted their time w/this enterprise. 10 years hence no one will remember either this company nor anyone associated w/it.
Ten years of nothing for shareholders. The guys running this are not even businessmen. They are consultants, doctors, academics, accountants. The whole deal is a joke. The lack of basic business acumen is profound. No one there knows how to grow a company. Look at the revenues for the last ten years, $20-$25 million nearly every year. They have been playing in the sandbox moving dirt around for a decade w/o enhancing shareholder value. They should be ashamed.
at 4:00 P.M. and two seconds, in order to knock it down before tomorrow's opening trade. Someone has been getting away w/this many many times for several months now. Throw in a market order to sell 100 shares at the close and buy up bigger volume next day at the opening for a quick gain. It's not really painting the tape in the traditional sense, unless it is the same entity doing it over and over again for weeks or months. Then it constitutes manipulation. The company should ask regulators to do a check on such trading.
Comparing BEAT to HRT is like comparing INTC to AMD, or live streaming to Betamax
I got interested in BEAT the same time HRT was failing in the mobile cardiac telemetry business because it was clear BEAT had the financing chops and infrastructure in place to pursue that market, whereas HRT did not. In fact, it nearly bankrupted HRT. BEAT is cash flowing about $8 million per quarter, has cash on the Balance Sheet, is profitable and has a clear plan of execution. HRT would need, IMO, about $15-$20 million cash to really bust through on what they want to do. Unfortunately they are severely capital constrained, generate a minimal amount of cash flow and would have to very painfully and slowly build their business in very small increments, bootstrapping along the way, maybe raising a further small amount of debt, etc. They cannot issue stock w/o obliterating their share price because of a potential massive hit due to dilution. They really just need to sell the company. The sensor business is mature to slowly dying and fraught w/price competition and burdened by the strong U.S. dollar. The orthopedic implant business is highly variable, requires set-up and validation costs and working capital. Order timing is unpredictable. They have a couple other product lines but are just throwing spaghetti against the wall to see what sticks. That does not constitute a Business Plan. They are managing the Balance Sheet pretty well just to stay alive but really have not grown the business in a decade. It's a capital constrained, "semi-privately run" mish-mash of different product lines, which, taken as whole do not generate a profit. They need a jolt. Are you listening Mr. Friedman? You better be, otherwise you could lose your entire investment.
in order to knock the price down for purchase tomorrow early? Wonder if it's the same person who did that consistently 2-3 months ago to work the price into the $3.60s before the recent run-up.
What did the new Chairman accomplish as a director of this company over the last 10 years? "Meet the new boss, same as the old boss". He is simply wasting a good Vandy education on a ticky-tack little company that cannot reach a level of consistent profitability. Both he and the Foundation needs to get this company sold and move on to more important business dealings. After a decade of trying to salvage this headache, that much should be clear. YOLO.
you'd think it was 30% the way the market is reacting. Total foreign revenue is less than 1% as I recall. The market should be favoring small U.S. based companies w/no foreign exposure and no currency exposure. Some investors are instead more willing to rush to accept negative yields which they believe are about to become even more negative. That is truly part of Seinfeld's Bizzaro Opposite World.
Uncertainty is uncertainty. Uncertainty will reign for 2 years or longer. Markets don't like uncertainty. Dominoes are also dominoes. The first has fallen. Not sure if there will be another, but it could happen in about five other countries. Have you seen this disaster that is Boris Johnson. Good night nurse!
Uncertainty is uncertainty whether it is credit uncertainty, liquidity uncertainty, or in this case political uncertainty. Are you looking at a 1,500 Dow point retracement or a 5,000-6,000 point retracement over the next 18 months? I don't know the answer, but whichever it is, it is going to be far worse (in dollar terms) for Europe. Europe bourses could fall 30-50% in U.S. Dollar terms. They already have taken off a quick 15%, w/ some individual European stocks (i.e. financials in weaker southern Europe economies) faring much worse than that. It's not the same situation as Lehman at all, but that does not mean the equity declines will be dissimilar.
After a decade of B.S. and 3 different Chairman in about the last year, this stock is damaged goods. No one is gonna touch it. It has de minimus public market value because there is no liquidity to exit even if you wanted to sell. It goes private or gets sold. Any value on the stock exchange is illusory if you have more than a small position. Friedman is buried. He needs to force a resolution and solution.
from your written hand to God's ears, I hope that is the case and the potential becomes clearly visible because it would be huge. I tend to "be from Missouri" on most things, so........
Maybe I missed something I thought they were part of a team awarded an $8.6 million contract for high level waste, of which their share would be maybe $1.5 million. Sounded more like a big "blue sky" opportunity but way down the road a couple years minimum. Warren Buffett would wait a couple years, even a decade--most "investors" today won't. If you believe, you are gonna have to be committed and hold for 3-5 years. That's ok by me, but I bet I am clearly in the minority w/ that kind of time horizon. How long have they been talking about the Isotope business and potential--I believe it's been 3 years or so already. Dr. Lou ain't gettin' any younger, wonder what his time horizon is?
yes, a lot of potential there and I had not figured on that work for them, but the question is: when can it have a meaningful impact? At least they are auditioning now for that work. Actually they have a minor role and a chance to show what they can offer.
repeatedly 2-3 months ago, or a related entity, booking a nice profit now after accumulating it in that range? Gotta wonder if that is what is going on. These micro caps are like the Wild Wild West, no rules and no oversight.