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Famous Dave's of America Inc. Message Board

analyst112 84 posts  |  Last Activity: Sep 10, 2014 1:44 PM Member since: Mar 30, 2000
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  • analyst112 by analyst112 Sep 5, 2014 11:06 AM Flag

    Selling at BV, 11% ROE, buying back stock, conservative BS, 4% yield,

  • analyst112 by analyst112 Sep 5, 2014 11:05 AM Flag

    10% ROI, selling below BV, 3% yield with div increasing. conservative BS, stock worth $40. If you like this you will love NWIN.

  • Reply to

    Shareholder Meeting in August

    by natemiller99 Jul 2, 2014 11:02 AM
    analyst112 analyst112 Sep 5, 2014 9:35 AM Flag

    The fact that you vote means you own this walking bankrupt.

  • analyst112 by analyst112 Sep 5, 2014 9:29 AM Flag

    Cannot believe this is still alive. This goes back to 1987 when Charlie Maxwell was touting it. It was a company that would allow you to fax from an LCD screen instead of paper. Possibly the most stupid promotion alive at the time. They ran demos from the Long Island HQ. They kept it alive by the insiders selling stock to the public and then buying stock from the company. That way no public offering needed.

    It has a $70MM market value. They still got the touch. Just checked financials--technically bankrupt as $7mm working capital deficit. Nowadays staying alive by paying people in stock and borrowing from insiders as they sell their stock. Same game!! You would think these folks would have something better to do then run a bogus company.. They have filed to sell over 40 million shares. I cannot imagine even the most successful boiler room could pull that off.

    A fool and his money are soon parted. VAPOR!!

  • analyst112 by analyst112 Sep 4, 2014 3:46 PM Flag

    The new owners of 6-7 million shares will open this up 20%. The volume is drying up as we go into the close. 43% of float traded today--some sort of Nasdaq record.

  • analyst112 by analyst112 Sep 4, 2014 2:42 PM Flag

    Shortly after the spin off of the trucking sub, be ready for them to announce that the real estate biz will convert to a REIT. The trucking biz is earnings $1.50/sh. We get 1 share for each 3 shares of PATR. The real estate biz is worth $34/shr without being a REIT. If the trucking biz sells for $18/shr, then the a package is worth $40 per PATR current trading shares. If it converts to a REIT the package is worth $48.

    Sentiment: Strong Buy

  • Reply to

    Top Image suit

    by sage533 Sep 4, 2014 11:52 AM
    analyst112 analyst112 Sep 4, 2014 11:57 AM Flag

    I agree and 30% of the float is turning over today which means there are new believers. Thornton owns 8% of the company and is 82. He would like to sell the company at $12/share and will get that price. Today's price is like free money.

  • analyst112 by analyst112 Sep 3, 2014 2:55 PM Flag

    It is like your buying a share in my house--I will never sell it. Case will never sell it or develop it.

  • Reply to

    Cole

    by sage533 Sep 2, 2014 9:24 AM
    analyst112 analyst112 Sep 3, 2014 11:38 AM Flag

    COLE shareholders will opt for cash as 10% more that SIR stock offer. That means SIR will have to do another big stock and debt offering. SIR will have to sell stock at $22.50 to get the deal done.

    Sentiment: Strong Sell

  • Reply to

    SIR seems very attractive at today's price

    by marionpolk2000 Sep 3, 2014 10:29 AM
    analyst112 analyst112 Sep 3, 2014 11:23 AM Flag

    The problem has been the Portnoys keep diluting shareholders through stock offerings and asset purchases, like this one, that do not to earnings per share. Portnoys motivation is to get large fees. When they managed CWH, they drove the stock from $30 to $12 then cut the dividend. They do not care that the leases are fixed for 11 years. The Medical office buildings have shorter leases and roll regularly so they are a better asset in inflation and rising rates--but they sold them to their affiliate SNH. They will get fees for both sides of this sale. Single tenant leases are also more risky than multi tenent. SIR should be selling at a 10% yield to compensate for the continual stock decline and to put a stop to share issuance. That is $20/shr.--where it is headed.

    Sentiment: Strong Sell

  • Reply to

    Cole

    by sage533 Sep 2, 2014 9:24 AM
    analyst112 analyst112 Sep 3, 2014 9:36 AM Flag

    I am sorry you are losing money. Peace be with you.

  • analyst112 by analyst112 Sep 2, 2014 9:51 AM Flag

    FDA may require a warning label. This is a serious side effect. The company had previously disclosed that the FDA had asked about the potentially serious issue of neurocognitive disorders associated with allirocumab. The rate of events in Odyssey Long Term of neurocognitive disorders was 1.2% in the allirocumab group versus 0.5% in the placebo group. You lower your LDL but now have a 7 in 1000 greater chance of cognitive disorder. I will stay on Lipitor for free versus $6000.

  • Reply to

    Cole

    by sage533 Sep 2, 2014 9:24 AM
    analyst112 analyst112 Sep 2, 2014 9:30 AM Flag

    There is no reason to sell the best part to SNH except for more fees. Since the deal is hardly accretive, why do it? I like REITS that buy back shares like LXP (6.3%) and DTHRF (7.7% yield)

  • Reply to

    Ipas passes out

    by analyst112 Aug 22, 2014 12:21 PM
    analyst112 analyst112 Aug 25, 2014 2:12 PM Flag

    little less than $.80 and burning. We got out of most after last quarter. More than 550K shares.

  • analyst112 by analyst112 Aug 22, 2014 12:21 PM Flag

    Guidance suggests 3Q will be sequential decline. They have little traction and are burning cash at $4MM per quarter. We are on 3rd Windows release, past alignments with foreign telcoms, and still poor uptake of customers. I just do not think it will work. There are now too many alternatives to IPAS and too many direct competitors. I have reluctantly checked out of my 1% of company position. Good luck to you all.

  • analyst112 by analyst112 Aug 22, 2014 10:41 AM Flag

    They are paying out more than they earn. Probably cut Div as they did with Solar Cap. Beware.

    Sentiment: Sell

  • Reply to

    SIR is finished

    by analyst112 Aug 21, 2014 10:59 AM
    analyst112 analyst112 Aug 22, 2014 10:36 AM Flag

    I would keep the holding but see little hope of GOV activist proxy vote. GOV assets are old and poor leases. Therefore Portnoys keep control of SIR. Keep looting SIR sheareholders.

  • analyst112 by analyst112 Aug 21, 2014 11:07 AM Flag

    GOV has long term Government leases without escalators. They will get squeezed when rates go up. The SIR shares will never appreciate as Portnoy will continue to dilute out shareholders as he just did without any reason except to collect more fees. The same tactic at GOV. They are immoral people and do not get in bed with them as you will lose.

    Sentiment: Strong Sell

  • analyst112 by analyst112 Aug 21, 2014 10:59 AM Flag

    With the GOV control of SIR, the Portnoys will continue to loot the company. Instead of buying in SIR shares, they issue 10 million shares. When they raised the Hawaii rents which would have gone to shareholders, they issued more shares and diluted us out. Earnings were down. They get fees based on asset size not market value. It is in their selfish best interest to keep diluting shareholders. An activist investor would have to get control of GOV but it is a poor asset. The GOV leases are fixed for years and without escalators. When interest rates go up, they will get squeezed and the dividend will be in question. SIR is in the same boat. When rates go up they get squeezed. Zell thought so little of SIR that he dumped the holding instead of voting out Portnoy which he could have easily done. Does not speak well for any stock appreciation.

    Sentiment: Strong Sell

  • Reply to

    poor earnings and cash flow

    by analyst112 Aug 6, 2014 10:27 AM
    analyst112 analyst112 Aug 20, 2014 1:17 PM Flag

    new all time low on the way to $.50/shr. No leadership and awful businesses-- Oaktree cannot save this pile.

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