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Abbott Laboratories Message Board

axcet 86 posts  |  Last Activity: Jan 12, 2015 11:06 AM Member since: Jan 9, 2002
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  • Reply to

    $449K error in Q2

    by dcxavier Jan 9, 2015 5:29 PM
    axcet axcet Jan 12, 2015 11:06 AM Flag

    Mistakes happen, but for a company this small, one has to wonder how the man who continues to wear just about every hat at Solitron (Shevach Saraf) could have missed catching this glaring mistake preemptively. If he missed something this out of the norm, it's not unreasonable to wonder what else may have been overlooked over the years. Concerned.

  • axcet axcet Dec 19, 2013 12:19 PM Flag

    Got my hands on the proxy.
    Littlefield has a loss carryforward (NOL) of close to $16mm that doesn't start expiring until 2017. That is an asset that should be preserved and hopefully maximized through a prudently structured business combination. ("Prudent" meaning not running afoul of IRS Section 382).The poison pill that shareholders are being asked to vote on is seeking to prevent an inadvertent premature loss of all or part of the NOL, though the 5% shareholder limit seems extreme. Poison pills usually have higher trigger limits like 15%. Either way, it would be nice if Mr. Recks & Mr. Gillman manage to pull a rabbit out of the hat on this lottery ticket that is LTFD. If you haven't received your proxy then you may want to contact the company in Waco.

  • axcet axcet Dec 17, 2013 11:15 AM Flag

    Get away with what?

  • Reply to

    Anyone know what is going on with this company?

    by tmcmin Oct 24, 2013 12:07 AM
    axcet axcet Nov 13, 2013 2:30 PM Flag

    Go to PR section of company's web site and you will see recent PR regarding 2012 and early 2013 financials.

  • The bull case for IEHC has been made (accurately) by a number of online financial writers during the past year. That said, I wonder why none of these write ups mention director (since 1992) Allen Gottlieb, who was one of a group taken to court by the SEC in 1998 (See SEC litigation release 15705) for an alleged investment scheme. In early 2003 the US District Court for the Southern District of New York ruled that Mr. Gottlieb had violated antifraud provisions of the SEC Act of 1933 (SEC Lit. Release 17960), and ordered him to pay something close to $3 million. Mr. Gottlieb appealed to the US Court of Appeals for the Second Circuit.

  • Reply to

    Finally a New Board

    by danman8675301 Oct 18, 2013 8:27 AM
    axcet axcet Oct 18, 2013 3:07 PM Flag

    UncleB'- I commend you for being all over this (sad) story for ages, and sharing that consistent view with the world through this site. Your comments helped keep my foot from stepping on this rancid turd. I wish Sham Gad & Co the best of luck & skill to pull a rabbit out of the hat, but don't think there's enough hare on this critter (pun intended) to make it work. Who's going to finance an attempted turn around? Likely only one of those concerns who are into death spiral convertibles that invariably suck the last few breaths out of a dying carcass.

  • Nest Labs is busy getting out the word on their new smoke detector called Nest Protect. Cost is @$130 per unit, which I think is around 3x the retail price for an IoPhic. While Nest Protect looks cool, and can communicate with mobile device(s) like similar Nest Lab products, I doubt it can prevent nuisance alarms like the IoPhic. If Nest Labs would like to secure a patented nuisance alarm prevention technology, I know of a microcap company trading at a cheap valuation that they may want to look at...;-)

  • Reply to

    CEO Compensation

    by invective2 Sep 23, 2013 4:25 PM
    axcet axcet Sep 27, 2013 10:28 AM Flag

    Scaling into this, in part in hope that the egregious SGA/Gross Profit ratio will be cut down to size once/if the likes of Peter Gottlieb & Co. (North Star Investment) decides to replace their passive hat with an activist one. Unconscionable that SGA keeps hoovering up all GP (and then some).

  • In addition to the 10-K read the Annual Report and Shareholder Letter filed with the K. This "old" manufacturing company is unusual in its willingness to constantly seek new and innovative uses for it's niche business (dampers). Completed expansion means TAYD is now prepared to handle future growth that it obviously expects is coming. This diamond in the rough is about to be unearthed. Long term long and always buying the dips.

    Sentiment: Strong Buy

  • After the market close on August 26 Sham Gad released a public letter that gives a little insight into his thoughts on SED. Search "Paragon Chairman 2012" and you will find the letter.

  • Reply to

    June Quarter a Stinker

    by axcet Aug 15, 2013 10:34 AM
    axcet axcet Aug 15, 2013 12:01 PM Flag

    After reading June Q from OTCmarkets (couldn't find on SEC), I'm shaking my head, especially in light of SMID's PR (mentioned in post above). Loss per share was actually more like 6c/share due to the unrealized hit on the USVAX bond fund that almost $2mm in cash was sunk into earlier this year. Note that USVAX has continued to sell off since the end of June...
    3 mo. sales fell 7.5% y/y, yet CoGS ROSE by a similar percentage. Thus, gross margin dumped to 17.1% from 28.8% a year ago.This doesn't jibe with talk of of strong (supposed high margin) wall sales in 1st half.
    With drop in GM one would think an effort was made to rein in SG&A. Nope. Rose over 22% from a year ago.
    Want to believe in this one for the haul but the results of June quarter seeding doubt.

  • Still not seeing SMID's June Q on SEC, but there it is on OTCmarkets. Disappointed to see SMID on OTC's "Limited Information" Tier (Yield Sign), one step from STOP Sign. Would hope Rodney's people would at the least seek "Current Information" segment within OTC Pink. Even better would be making sure SMID is up to the OTCQB tier, which essentially replaced the old OTCBB.

  • As of 10:30 am EST I don't see SMID June 10-Q on SEC site, yet Edgar Online apparently has it and yesterday's PR through businesswire tries to paint a wonderful future despite the Q2 loss. Rodney is bragging about recent great Slenderwall sales and 30% of the competition going bankrupt during the Great Recession (while SMID flourished), so why the loss in Q2? Not liking the smell test here.

  • Reply to

    10 year bond now 2.71%

    by unclebobbyrednecker Jul 5, 2013 4:25 PM
    axcet axcet Aug 2, 2013 1:16 PM Flag

    Thought SED had fixed interest rates on their credit lines. Wells Fargo line is variable but think there is a swap that fixes their interest rate exposure. There's another line (or at least there used to be) that is/was fixed. So while the risks for this company are numerous, don't think higher interest rates -at least for now- are one of them.

  • Reply to

    from my cold hands .........

    by chartness0002 Jun 7, 2013 8:57 AM
    axcet axcet Jun 7, 2013 11:06 AM Flag

    The transfer agent said only around 3% outstanding shares were offered for tender as of June 4. Isn't that a clear enough message to Avista & Telular that holders aren't interested in giving away WRLS at this discount price of $12.61/share?? Why would extending the offer at the same price change a thing? It won't. If Avista (or anyone else, for that matter) want to own Telular they have to raise their price significantly to entice shareholders to sell to them.

  • 12.61 too cheap. Not tendering my shares.

  • axcet axcet Apr 29, 2013 4:53 PM Flag

    "Craig was a senior vice president at Skybitz".
    Interesting that Skybitz is now owned by Telular (symbol WRLS) which announced today it has an agreement to be bought out by Avista Capital partners, though Telular can consider other offers for the next month...

  • Reply to

    Hey cat, just checking in.

    by vinnie_baggadonitz Mar 14, 2013 7:04 PM
    axcet axcet Apr 11, 2013 2:31 PM Flag

    Judging from some of the old posts on the TAYD, it seems that TAYD has some shareholders who look beyond the here-and-now, which is rare in this world of hit&run trading. Very refreshing. Review the shareholder's letter for the February quarter and realize that TAYD isn't about the next day/week/quarter. The new/renovated facilities show a conviction that the efforts being put into new ideas will pay off in the long run. The management incentive plan announced in spring 2011 wasn't just a coincidence (IMO). These guys are building & betting on the future at a time when so many U.S. manufacturing concerns are still fighting yesterday's battle (self-preservation instead of investing in themselves). I see a very bright future for this unique company and its shareholders who have a ownership horizon beyond a year or two.

    Sentiment: Buy

  • Call from WPCS solicitors this evening spurred me to review the financing arrangement that so-called management wants current shareholders to approve. This thing is a total horror show. If you are not familiar with death spiral financing, just search and familiarize yourself with it. Can't tell whether to laugh or cry over what Hidalgo wants shareholders to approve. He wants owners to vote for a number of Board members who have been in the Boardroom for years as this stock has crumbled. Then he wants holders to approve a reverse split and (drum roll, please) an authorization to quadruple authorized shares from 25mm to 100mm! Then it's on to asking for owners to approve this death spiral financing that seems likely to wipe out current equity holders while the financiers have protection at every turn, as well as a reset provision that incentivizes them to short WPCS down to as low as it will go. No way I am voting for any of these proxy items.

45.42+0.01(+0.02%)Nov 27 1:01 PMEST