They already have a bank loan. They simply made some changes to it. Non-event.
This stock is down because everyone wants out of the market. But people will still buy chicken. Forget about the price. Sock it away and look at it in 3-5 yrs.
$50m - They build up inventory in Q3 and run it down in Q4. So it will reverse.
Normalized cash should be about $140-50m less $15m for the buyback.
If they completed the buyback above $9 share, then they are the simply the dumbest people ever. They had to know the stock would come back a bit. Be opportunistic you fools.
Although, there is one dumber move. Miss Q3 earnings and spend all of the buyback. If you know you are going to miss Q3, you know then the stock will dip. So save funds for the buyback. While with B&B anything is possible, I would have to think it would be a bullish sign if they did spend it all.
The mere fact that you believed her is an indictment on your credibility. Those are the rules, everyone knows the rules ahead of time, life goes on. I am glad they did it as a shareholder.
The problem is they are at a low while the cycle is at a peak, where does this company go when the cycle hits its low point. Scary thought. They missed the upside of the cycle and now they are going to feel the downside of it.
That is pure ignorance. Look at CAT and MTW; they are all down. Its the JLG division that drives this company right now unitl JLTV kiks in. And JLG will be soft. There is a 0.0% chance of LMT winning their appeal. The spent a decade on this project. They dotted every I and crossed every T. Plus, do you think the DOD wants OSK to go away - which would happen if they lost this? They want more suppliers not less. Finally, if LMT pushes too hard, DOD will make them pay for it in their new Sikorsky division. Wake up.
Looks like Oasis has no spine. There should have been some positive momentum in this company by now.
I do have to hand it to Bennett & Berman - while they have lasted more than a decade and created no shareholder value during this time - they do know how to survive and snow over these hedge fund types.
Very disappointing. I was hoping for more from Oasis. Back to the drawing board....
Seems to me not only will we still see some residual Frozen sales but Star Wars will be massive just like Frozen was in 2014. The comination of these 2 franchises for the foreseeable future is truly powerful.
Now if only the Street had faith in the current longest serving worst stock market performance mgmt. duo of Bennett and Berman. Hard to believe these guys still are here.
Cmon Oasis. Is a 6x EBITDA multiple to much to ask for?
If we don't demand excellence, we wont get it.
So NAV again is claiming they will exit this year with an 8% run rate on EBITDA.
1) Its worth noting the same claim was made last fiscal year
2) While they make this claim about Q4 2015, the run rate goes right back down again in Q1 and Q2 of 2016.
3) NAV has arguable the worst track record of any public firm in recent memory of missing EPS estimates.
At this point, mgmt. would be wise to put all their cards on the table. Get a worst case scenario out there and then start the climb back North with solid execution. Its their only hope. Death by a thousand cuts is destroying employee, dealer, shareholder, and even customer morale.
This company has potential; but its just overvalued right now. Take your medicine and focus on the future. Stop overpromising and under-delivering.
The less shares he owns the better. I have personally spoken with numerous firms who are not investing in JAKK because they will not co-invest with him. Not that he is a bad guy - but he is a question mark and they don't want someone with that big a stick sitting at the table being an unknown.
Actually, no its not maybe - its a definite no. It is not weighing on the stock. JLG is. Nothing to be skeptical on this deal. Start-up costs are backed into their margins. This is the gift that will keep on giving for 20-30 yrs. Have to take a long term view on this one.