A tax refund does not count. had quarterly loss in an expanding economy. This could be ugly if world economy does not recover. If they had a bright outlook, they would be buying back stock.
Dividend will go to .48 next month or 6.7% yield. SIR can raise the dividend for several years as the BS is under leveraged at 1.5/1 assets /equity. They can purchase $350,000,000 of assets which would add $.40/per share to FFO after interest cost. In addition they still have room to raise rents in Hawaii at lease rollover. In 4 years they will have FFO of $3.25 and a dividend of $2.90. If the yield is 7%, the total return is 17%/year. RMR also now has incentive as being part of fee in shares. Shares poised to rise as they raise the dividend. Great IRA stock.
You can try and time the stock but R-22 prices change quickly. EPA is now faced with a new report of ozone depletion again accelerating. They will be criticized for allowing such high production in 2014 and will cut back. This will cause hording from dealers. Whether this happens this year or next, it will happen. When it does, R-22 prices will soar and the stock will be in the teens. At $3, it is very cheap. Buy straw hats in the winter.
Sentiment: Strong Buy
Without the two acquisitions, sales would have been down 35%. This is a shell game. Sales looking weak?--buy some sales, capitalize the cost and flow through the earnings. XXIA has lost its lead, has massive lawsuits and financials need to be restated. Their is no way they can meet estimates this year--GAAP or non-GAAP and accounting is aggressive.
Sentiment: Strong Sell
oil gas reserves estimates disappointing only $3.5/shr @ PV10. Home building unit worth 10x earnings or $7/shr. plus add the ton of debt. Dead money for years and dilution from tangible notes.
Given the company history and commodity type businesses and offshore assets, I do not think they could refi $100MM. They could do $50MM but coverage would not be 2.5 because PIK debt is still outstanding and a default on that would cause cross defaults. Think only time will cure this but huge interest rate is big detriment to equity.
Built in 9% growth when rents step up to market. 7.8% yield with possible step up as BS is underleveraged. Stock down from $37 to $28 with no reason except weak Canadian currency. Very good mgt.
Cannot convert sales to earnings. The growth rate is slowing and they are marginally profitable. ORBC will put them out of business in next 2 years. NMRX is weak and market position is old technology using uplink. ORBC is all global high power satellite based receiver nodes. CEO is pretty weak link.
Sentiment: Strong Sell
26x earnings and growing at 10-14% if thye are lucky over 2x growth rate. Even expensive on EV/EBITDA basis at 15x. Slipped last quarter and I think this quarter will disappoint again. Going short.
Sentiment: Strong Sell
You would think the Russians invaded the EPAM HQ in Philadelphia. The Ruskies are no threat to EPAM as they are able to move all development around to various locations. It is not like they have a plant in Crimea that is being invaded. The institutions are just dumping with little knowledge as they have big gains in this from the IPO. It is now 16X 2104 earnings. That is cheaper than the IPO multiple. When the herd moves, you do not want to be in the way. It has already moved.
I lived with it because sales were growing 25%. Now they will have to cut costs to get profitable. The risks of growth stocks!! I am also out. I had this for 15 years and did well.
Actually there will be more than 13.5MM shares as they issued stock to the note holders. If they issued $10MM of shares at $3.10, there will be an additional 3.2mm shares thus raising the EV further. Also since Oaktree gets 67% there shares may also be higher. Whatever the outcome there are millions of new shares that could be trickled out for years. Strange that they do not state specifics.
Note Eggemeyer the "mastermind" behind this mess sold his personal stock at $28 in March of 2013. Castle Creek still owns 280,000 shares that they will dump at some point so they can collect their 20% carry. Unfortunately the BOD is loaded with their cronies most of whom have no clue about banking and do not even know what questions to ask management.
Remarkably poor. Adjusted for acq costs and options vesting only earned $.27 fully taxed. That is a $1.08 annual rate. The dividend is $1.00 so no growth in BV. Stock is 35x earnings and only earning 6% on equity. Cannot understand why it is $40 as it is not an acquisition target. The So. Cal real estate market is less than sluggish. Their high end housing portfolio is vulnerable. CA has taxed the hell out its wealthy residents and they are leaving. This bank is poorly managed and still under the influence of Castle Creek, the second rate bank PE fund that mismanaged this bank. Had a chance to sell it at $80/shr, missed that, and then CC insiders bailed at $18. I would stay away from this.
Unless they are lying, the VA shutdown for 6 weeks. Since that is the big customer it seems reasonable to have sequential drop in revs. Said it is fixed so that rev will flow this quarter. I have to own this as the upside is so huge.
I was not happy with the CC more as to form than substance.
The open platform is still growing rapidly and the legacy business is getting less significant. Same story. Ipas has a ready buyer for the whole company when/if they see the need to sell. LLC who is large owner will guide that. The infrastructure is in place and would prove very valuable to a strategic buyer. I am not too worried about making money in IPAS but when is an issue. Unity sale will generate significant cash perhaps as much as $15-20MM. Ipas is $100MM sales company valued less than $75mm.
I agree with barron. Been in this for a couple of years and no scandal ---yet. Has big upside if it turns out completely clean--5-6x so worth the risk. They have a great business and are growing. This is one of my 1% spec positions along with ULUR,ADAT,FATE,INFU,CMXI,HDSN,PLPM. I write off the losers and sometimes get a 10x bagger. SKBI seems ligit. Since it is earning at a $2/shr rate, $30 is not out of the question. This was reverse merger but some of them will work out and I think this is one of them.