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SWS Group, Inc. Message Board

long_short_guy 18 posts  |  Last Activity: Apr 9, 2016 9:08 AM Member since: Jan 15, 2011
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  • Reply to

    The losses continue

    by pa1702 Apr 7, 2016 3:56 AM
    long_short_guy long_short_guy Apr 9, 2016 9:08 AM Flag

    In the "Q", unabsorbed costs is one of the reasons GM is up.
    If COGS is based on FIFO, than older, written down inventory was used, (higher GM) while recent higher production product went into inventory. Inventory up. always comes back to bite you

    Sentiment: Strong Sell

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 29, 2016 9:07 PM Flag

    "i picked the name rellvalue because I pick a new username for everyboard I'm involved in for record keeping purposes. Stock symbol + value (because I'm a value investor) and you'll find me! Anymore illogical and meaningless questions?"

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 9:18 PM Flag

    Dr Graham, quant valuation was only the first step.
    Graham was also careful to list the factors which affect the capitalization rate of a company – general long-term prospects, management, financial strength/capital structure, dividend record, and current dividend rate.
    Face it Flounder, you messed up, you trust ED

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 9:16 PM Flag

    So rellvalue is not on any other board, LIE. Caught again, and lies about which name he/she/LBGTQA postss on

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 6:51 PM Flag

    Unless lies and post on the green light capital board, or Avon board or the Platform Specialty Products Corporation. Look quick as he will delete those post and claim he never said it. also lying there. I see why he/she/LBGTQA is so sensitive, Hold Strong Rellval, stay they course. A licensed professional analyst like yourself is smarter than Dr Graham, who always analyzed the conduct of management.

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 27, 2016 6:50 PM Flag

    Now you have done it, you made Rellval upset. Please, he/she/LBGTQA, is very sensitive. What pressure it must be to be the smartest he/she/LBGTQA licensed analyst in the world. There is no truth that he/she/LBGTQA still lives in moms basement.

  • long_short_guy long_short_guy Jan 24, 2016 9:27 PM Flag

    Just moments ago, 1/12/2016 at 7:26am, Morningstar issued a Buy Rating for shares of GLRE. Thanks to the good folks at Yahoo, who is close to selling their fledgling company, many of you wont be able to read it because Yahoo has a no links policy.

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Jan 24, 2016 9:20 PM Flag

    Other benefits, such as basic health benefits, life insurance, paid time off, matching charitable gifts and tuition reimbursement, are intended to provide a stable array of support to our employees, and these core benefits are provided to all employees. In addition, Mr. Leever, Chief Executive Officer of Platform, for security purposes, is required to use a private corporate aircraft for personal and business-related air travel unless a private aircraft is not reasonably available. If a private aircraft is not reasonably available, he is entitled to first class air travel for business-related travel."

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Jan 24, 2016 9:12 PM Flag

    "The main purpose of all of this is to provide evidence that management has done an extremely good job at creating value in a poor economy;" ..................Sorry the economy has been expanding since.... enter Obama date here , funny, just funny, ... When you NCAV is lower next Q, next Q, next Q... be happy

  • long_short_guy long_short_guy Jan 24, 2016 9:04 PM Flag

    “a real analyst doesn't really look at that as a decline in book value because he never counted the temporary gain in book value to begin with” You say the temporary gain never counted, but use it to support your false narrative. Which is it? I posted after the onetime gains I should have said since a specific date. My bad. But you still contradicted yourself on the use of onetime items to support increase in BV.

    Licensed, simple question, which one? federal, state

    One of your deleted posts stated, if not investing 100 Million portfolio, I should play with cigar butts. 100M port, with very concentrated positions, RELL @65M market cap. That would be a very large percent of company. are you now majority shareholder? just based on what you have stated.

  • long_short_guy long_short_guy Jan 22, 2016 6:49 PM Flag

    1) Rellval said that shareholder equity has not decrease every quarter since 2011, HE WAS WRONG. False narrative. 1 Point for L_S_G
    2) Rellval try to make a case of book value and tangible BV, was the issue. Prior to last two quarter intangibles and IMES purchase, intangible assets were not meaningful. Again false narrative. Book value is very important in valuation of banks and used in other valuation techniques. ROEx BV is a common technique of earnings power. Analyst look at a continual decline in BV as a sign of financial weakness. 1 point for L_S_G
    3) Rellval stated that cash burn was a function of increased R&D, when asked to prove data point, refused, because the company does not disclose. 1 Point of L_S_G
    4) And this if funny, rellval deleted his post as claiming over 20 years as a “licensed analyst”, Why is that? LIFA is now defunct? Or right to use a designation is not a license? 1 Point for L_S_G,
    5) NCAV is a valid valuation tool, but IMO not when you have a super-majority voting class that will not sell ; push
    6) “will make a ton of money in next 2 years” . Ed is 74, will be 76 in 2 years, and could be dead. BUT, super voting shares pass to heirs. Push
    7) AND FINALLY, The question is what do you think that tax treatment of the distribution of the company should be???. Rellval – failure to address the question attacking the poster 1 Point L_S_G
    Final score: L_S_G Five
    PUSH 2
    Rellval ZERO

  • Let me rephrase the question:
    Sould the distributions from the company paid to common shareholder be taxed as :
    A ) common dividend income at the tax payers normal tax rate?
    B) a nontaxable return of capital, reducing the cost basis of the shareholder, based in the decreases in common equity as in 10Q and ten K?s detailed below:
    Total Shareholders' Equity
    May '11 224.17
    Aug '11 220.84
    Nov '11 212.31
    Feb '12 212.07
    May '12 200.21
    Aug '12 194.93
    Nov '12 190.26
    Feb '13 189.84
    May '13 185.24
    Aug '13 180.27
    Nov '13 179.54
    Feb '14 178.64
    May '14 174.85
    Aug '14 172.78
    Nov '14 166.16
    Feb '15 159.82
    May '15 156.65
    Aug '15 150.66
    Nov '15 144.64

    Now If you are using data from the Southeastern Conference, I understand your confusion. But when the current quarter data is less than the prior quarter it is a decrease.

    Also RellV, Please tell me in what 10Q or K in the past 5 years where the company reported R&D, One, just ONE, give me one from your 10 year detail analysis. I could not find the word ?research? any Q or K in the past five years. Just tell me ONE.

    And by the way, Chevy didn't make a 327 in #$%$ the 327 didn't come out till '62. And it wasn't offered in the Bel Air with a four-barrel carb till '64. However, in 1964, the correct ignition timing would be four degrees before top-dead-center.

  • long_short_guy by long_short_guy Jan 19, 2016 8:37 PM Flag

    Given: Total shareholder equity has decreased EVERY quarter since 2011. (224M now 145M)
    Given: Current Assets down significantly over the same period. (288M now 138M)


    Romper stomper bomper boo, tell me, tell me, tell me, do.

    Sentiment: Strong Sell

  • long_short_guy long_short_guy Jan 8, 2016 7:42 AM Flag

    bump up for rellvalue and gates sale

  • long_short_guy by long_short_guy Jan 7, 2016 8:58 PM Flag

    See you are new here , (based on profile).
    The break up value of RELL is only good if the super majority shareholder will sell.
    How do you value / discount that?

    Give him a call and talk to him about it, or ask about it on a call. He will appreciate your opinion !

    Net asset values and net cash are all great, but not if king ED will not sell.

    Do some real due diligence,
    How much are property taxes on casa da ED? Kane county IL has the info.
    How much owed on last two divorces?
    What does ED need to support his life style?

    Back test ED's expenses vs revenue of company and you will see why minority shareholders ( and now you, if you own) you will be sad. Net asset value will be lower next year and you will still be a minority shareholder.

    Did you back test earnings calls?

    PS, IMO, the former CFO, was the main M&A person and saved the company.

    You may make money when you see ED's name in the Legacy obits, and that is the only time I would get back in. You may have a long time to wait and there are better investments out there.

    see you next quarter when you will be disappointed

  • Reply to

    Conference call?? Will ED man up?

    by long_short_guy Dec 14, 2015 9:38 PM
    long_short_guy long_short_guy Dec 23, 2015 9:32 AM Flag

    4% " at this price" , and "hold it's own" . I would to need to buy at this price, and Ed wont destroy value. I'm not buying, and ED's record speaks for itself. Still time to take your loss for 2015 taxes

  • long_short_guy by long_short_guy Dec 14, 2015 9:38 PM Flag

    Any word yet if Ed will put on his big boy pants and have a call and take real questions., or will he go run and hide again.
    Also should we play ED Duel again and have some fantasy estimates. I think cash burn will be right about 1M, may be a touch less. Yes, I said less than 1M cash burn last quarter. But my hp12c still having issues calculating NPV with neg cf

  • Reply to


    by illinoismaker58 Nov 23, 2015 12:20 PM
    long_short_guy long_short_guy Nov 23, 2015 8:02 PM Flag

    No bankruptcy, just losses, cash burn, repeat. all MA trend lines negative, 50, 100, 150 and 200. so no fundamental or technical reason to own. This company is run for Eds personal benefit, outside shareholders have no input, so what if it goes to $2, Ed will still be paid.

    I may get back in when I see Ed in legacydotcom

    Sentiment: Strong Sell