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Steven Madden, Ltd. Message Board

hokieincanecountry 14 posts  |  Last Activity: Jul 5, 2016 8:10 AM Member since: Jul 21, 1999
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  • hokieincanecountry by hokieincanecountry Jul 5, 2016 8:10 AM Flag

    AIRT buys all of Sardar Biglari's shares (around 329,000) for $24.01 per share. I would bet that this is accretive to EPS.

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry Jun 29, 2016 9:46 AM Flag

    AIRT finally filed on the 90th day following fiscal year close (March 31). Loss of $0.46 per share for Q4.

    Big loss at DLPX. The AIRT leasing division is now leasing the new ink jet printers (and one that is used, and takenover). Admin fee from FedEx is now fixed, and will pressure margins going forward on contract extension.

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry Jun 29, 2016 9:32 AM Flag

    Someone paid $6.19 per share for 300 shares in the aftermarket/premarket. Screwed!!! Never place a market order in a thin market.

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry Jun 23, 2016 9:45 AM Flag

    The recent move to a 52-week high of $9.37 could be the result of new investor(s) recognizing the undervalued situation here. I believe we are seeing the early part of an improving trend in fundamental results for SVT. If the problems in the knife division could be remedied, this stock should trade at a P/E of over 15 and at above book value. The servo business is solid, and is growing nicely.

    Sentiment: Buy

  • Reply to

    where are the financial statements nick??

    by blueskiesforme1 Jun 8, 2016 1:26 PM
    hokieincanecountry hokieincanecountry Jun 15, 2016 11:23 AM Flag

    blu... If AIRT is classified as a "non-accelerated filer" (which I believe it is), then it has 90 days following the close of its fiscal year (March 31) to file its 10-K (until June 29). This year, the filing is delayed from the dates in prior years.

    Sentiment: Buy

  • Reply to

    where are the financial statements nick??

    by blueskiesforme1 Jun 8, 2016 1:26 PM
    hokieincanecountry hokieincanecountry Jun 13, 2016 8:27 AM Flag

    blu... Perhaps when Nick received that letter from Biglari, he decided to add another paragraph to the 10-K on "subsequent events."

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry May 24, 2016 9:46 AM Flag

    bobc... It traded just under one thousand shares yesterday for $1 per share. Perhaps the end is near!

    Sentiment: Hold

  • Reply to

    Other Nick Swenson Companies

    by hokieincanecountry May 13, 2016 10:22 AM
    hokieincanecountry hokieincanecountry May 14, 2016 8:22 AM Flag

    blu... I'll give you an example. When Swenson first joined the board of AIRT, he began to challenge the need (and the use) for the Beech King Air. Walter Clark's justification was that it was useful when you needed to move a critical spare part from "A" to "B". Do you think that Clark even realized that he had just insulted his largest customer (FedEx), which could provide this service better and more cost effectively than he could for AIRT?

    Sentiment: Buy

  • Reply to

    Other Nick Swenson Companies

    by hokieincanecountry May 13, 2016 10:22 AM
    hokieincanecountry hokieincanecountry May 14, 2016 8:13 AM Flag

    blu... I believe that part of "the full story" is that the new CEO (at ISIG) supposedly joined the Company on May 9. It is not unusual for a CFO (who was also titled "President and CFO" in this case) to move on when a new CEO joins. Perhaps it was the plan for some time for the other shoe to drop.

    My observation is that for companies where Nick Swenson has been involved (and with practical control or substantial influence on the board) incompetent (or less competent) managers are moved out and replaced with better.

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry May 13, 2016 10:22 AM Flag

    O. T. PDEX reported its quarterly earnings yesterday and had an impressive revenue growth and higher earnings from operations (excludes plus and minus non-recurring events). The stock has traded up to $4.40 per share on volume of almost 72,000 shares in the first hour of trading this morning. Latest trade at $4.34 per share, up over 15% today.

    Sentiment: Buy

  • Reply to

    It Looks Like

    by ebrdswin May 12, 2016 3:52 PM
    hokieincanecountry hokieincanecountry May 13, 2016 8:27 AM Flag

    I hope the Company was buying back shares on Thursday.

    Sentiment: Buy

  • Reply to

    10-Q Should Be Coming

    by hokieincanecountry May 11, 2016 10:18 AM
    hokieincanecountry hokieincanecountry May 11, 2016 10:34 AM Flag

    The posting I referred to above was dated May 15, 2013.

    Sentiment: Buy

  • hokieincanecountry by hokieincanecountry May 11, 2016 10:18 AM Flag

    The 10-Q for Q2 should be out today, or one day this week. Q2 has been seasonally the biggest earnings quarter of the year for BDL. With menu price increases implemented in February, margins should be somewhat better.

    Groov... is still hoping for that $10 price. I think that big... is closer to the truth. Could break back above $20 soon. It is now undervalued. Reminds me of that day several years ago where I scooped up a bunch of shares in the pre-market before anyone else realized the coming impact on price-per-share from Q2 earnings reported the night before. Go back and look at my posts (around this time of year, several years ago).

    Sentiment: Buy

  • hokieincanecountry hokieincanecountry May 2, 2016 1:04 PM Flag

    blu... It's too early to be concerned about ISIG. Take a look at other Nick Swenson investments. I have recapped the performance of PDEX in an earlier comment on this board. Look at ELSE. In the spring of 2013, Nick wrote a letter to that company telling them that he held just under 15% of the stock and under certain conditions, he was willing to tender for all public shares at $4.73 per share, which was about a 20% premium to the market at that time. The company didn't even respond to his letter. Look at the SEC filings. In November 2013 Nick unloaded all of his shares to the widow (Nancy P. Peterson) for $3.92 per share. I contend that the public shareholders would have been far ahead if the company had cooperated with Nick's proposed tender offer. The stock now trades at around $3.45 two and a half years later (could have obtained the $4.73 per share in 2013). On an operating basis, ELSE has performed very poorly. The reported earnings are mostly capital gains being cashed that were already there on the balance sheet in 2013. Dividend eliminated in 2013. What a poor deal for public shareholders.

    Sentiment: Buy

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