So is the CFO being paid by Ducon or Cemtrex? I've done some digging and really can't find more than 10 people with Cemtrex listed as their employer on Linkedin. There are a bunch working for Ducon. My concern here is that somehow Ducon is taking on a bunch of CETX's expenses to make the numbers look better since it's a public company.. Seems to me like Ducon should be the one that's public.
the insurance HIIQ offers is non-compliant with ACA laws. So even if you have it, you still have to pay a penalty for not having the right insurance. And the penalty for not having ACA compliant health insurance increases in 2016 to $700 per person or 2.5% of your income, which ever is HIGHER. So yeah, you probably pay less with an HIIQ plan, but if you end up getting hit with a $1250 penalty (if you make $50k a year), how are you saving money?
all this company does is beat estimates, get upgrades, make money, and generates cash, and yet it continues to slide. Meanwhile, companies that can't even turn a profit and have no cash trade at insane multiples. PERI is barely trading above 1x EV/EBITDA. Company needs to initiate a buyback and blow whoever keeps nickle and diming the stock out of the water.
yup. missed on revenue, missed on eps, backlog down, and gave no guidance. Whoever was goosing the stock price over the last few weeks is probably throwing up about now. Hard to believe this will hold above $1.
and the company has the option to redeem the preferred stock and warrants at any time, which they said on the conference call if the cash flows from the El Dorado facility are what they expect, they should be able to redeem early. So not sure a 45%+ decline is warranted here.
Pretty sure EF is long the stock. He's just angry the company's performance sucks and he's lost money.