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Starbucks Corporation Message Board

bigfatty_guns 55 posts  |  Last Activity: May 16, 2016 2:03 PM Member since: Nov 7, 2003
  • bigfatty_guns bigfatty_guns May 16, 2016 2:03 PM Flag

    It can't get shareholder approval which is why it HAS to extend and RAISE its offer. $18.50 is too low. Vote NO.

  • Reply to

    Corning will up its offer to $22

    by bigfatty_guns Apr 19, 2016 10:13 AM
    bigfatty_guns bigfatty_guns May 16, 2016 2:01 PM Flag

    It'll be higher. Bank on it.

  • It's going to have to raise the offer price. $18.50 is ridiculously low.

  • bigfatty_guns bigfatty_guns Apr 27, 2016 8:26 AM Flag

    Got the corporate action notice from Apricot Merger Company. Offer expires May 19. I will be voting ALL my shares NO.

    Dear Client,

    This e-mail notification contains information specific to your holding in the security identified below. Please read the instructions carefully before proceeding.

    The offer is made by APRICOT MERGER COMPANY and it expires on May 19, 2016.

  • bigfatty_guns bigfatty_guns Apr 22, 2016 9:40 AM Flag

    Thomson Horstmann & Bryant, Inc....one of largest shareholders...sounds like law firm.

  • bigfatty_guns by bigfatty_guns Apr 21, 2016 9:59 PM Flag

    Sure seems someone interested in paying more than $18.50 to garner votes. Small $.03/sh premium is cheap especially if the bid gets REAL. $18.50 is a low-ball bid for shareholders...especially for anyone that bought the $27.50 IPO Merrill did back in 2000. Yes, nearly $10 lower than the IPO price a decade later (which coincidentally made it a great short for years and years).

    AFLOP in incapable hands is like staring at a group of yahoos with picks and shovels in front of a mountain with hundreds of millions in proven gold reserves. The mountain and people are pretty much worthless if they can only get $100k out of the ground per year. NOW, sell this property to some outfit like Newmont Mining??? Suddenly the mountain IS really worth hundreds of millions. The point here is AFOP has been run by amateurs and now these same amateurs want to give away the golden mountain because they can't deliver...evidenced again by a pathetic Q. $12M in revs???? Really??? It's as pathetic as Corning's low-ball offer, and it's as dodgy a deal I've seen in a looooooong time. Vote NO.

  • Reply to

    Corning will up its offer to $22

    by bigfatty_guns Apr 19, 2016 10:13 AM
    bigfatty_guns bigfatty_guns Apr 20, 2016 9:36 PM Flag

    Bank on it. Any shareholder worth his/her salt knows the FMV of net assets and the intrinsic and unattributable beyond is worth far more than $22/sh. What's truly amazing here is the biggest short of this junk is now the most vocal against such a ridculously low offer.

  • Offer substantially undervalues IP and turnkey operation's potential in more capable hands.

  • Reply to

    Corning will up its offer to $22

    by bigfatty_guns Apr 19, 2016 10:13 AM
    bigfatty_guns bigfatty_guns Apr 20, 2016 9:25 PM Flag

    KPMG and was Big 6 WHEN I was a CPA--exactly as I stated but obviously you can't read or comprehend. Youre ignored, twit. Get over this.

  • bigfatty_guns bigfatty_guns Apr 19, 2016 10:26 AM Flag

    One quarter or even a year does not value a business, franchis, etc. Chang really wants to giveaway a gift that'll keep giving to himself probably as some well paid consultant, etc. We know little to nothing about this backroom deal...other than there's one bidder/seeming no competitive bids.

    Yeah, how convenient to sell when otherwise AFLOP's future looks so bleak. Meanwhile every Q Chang waves the pom poms and claims the next fiber boom 2.0 is just beginning! Meanwhile he jumps at first low-ball offer? Something is grossly amiss here as much as new idslike yours that just suddenly appear to promote such a non-sensical deal for AFOP shareholders. In my opinion, he company is worth far more than $18.50 a share. Unfortunately, the timing of such arguments does present challenge. Regarless, Google bought Youtube for $1.65 billion. How many profitable Qs did Youtube have at the time? Better yet, how much revenue was it generating?? LOL! It's all smoke and mirriors with this GLW/AFOP low-ball deal that's terrible for shareholders. Trust me, I know.

  • bigfatty_guns by bigfatty_guns Apr 19, 2016 10:13 AM Flag

    That's my guess. Just because a pro sports team has a terrble year, it doesn't mean the business is worth half its potential value. In this case AFOP's IPO price is $27.50 from back in 2000. It demonstrated years of profitability and explosive growth...albeit managed by a bunch of amateurs. It's like the Ipod managed by Apple vs. some MP3 player company like RIO. RIO simply didn't have the horsepower to market a giant market. Apple does/did. Corning is no different here. It can go where AFLOP--lead by amateurs--can't.

    Frankly, AFOP long-term in the hands of Chang et al has been dilutive and [shareholder] destructive in my opinion. Years ago (nearly a decade now) I said Corning should buy this company before folks find out what it's worth. What I didn't realize is in taki g so long insiders would dilute the stock to death treating themselves to seemingly endless stock compensation. I just thought they lost the vision myself.

    Bottom line is the company is still a steal at $22...pathetically low. Why there are no other bidders--especially Chinese!--appears very dubious to say the least. Back when the stock hit a high of $23.90, even then I thought that was pathetically low. AFOP's pe ratio lagged at 20 while junk like FNSR soared to 80 pe (before collapsing). Point here is AFOP never carried a premium and that's probably how it'll get stolen.

    As a former Big Six CPA, I see no possible way AFOP is worth a penny under $32 let alone $22...appalling at $18.50. It's a dodgy deal, and I'll be voting No.

  • otherwise there's no GLW deal/bid withdrawn.

    No way this should go through under $20, and certainly I could make easily a case for $32.

  • Reply to

    Big fatty

    by mobwhizconsultant Apr 12, 2016 6:25 PM
    bigfatty_guns bigfatty_guns Apr 12, 2016 11:49 PM Flag

    No, im just profitable. No offer from GLW and $12M Q? Stock would be $10. As confluence wrote and I have for nearly a decade, AFOP should have been a lot higher. For whatever reasons, it couldn't even make it back to its IPO price. That's pathetic. He k, it was almost delisted when I was one of the largest non-insider shareholders of the manipulated junk. Manipulated junk! Exactly what I call a stock that trades for $.63 when it uas over a $1/sh in cash alone. Itwas like buying a $10 bill for $5. So yeah, once I got it, I got it. Hold the long and short the snot out of it over and over. Sell when Chang finally cashes out. And here we are....

    So yeah, I expected a lot higher buyout. Of course, the stock in my mind will always be a disappointment even though it's put a lot of money in my accounts.

  • Reply to

    How Can Revenue Dropped to $12 Million?

    by quepasa995 Apr 11, 2016 2:31 PM
    bigfatty_guns bigfatty_guns Apr 11, 2016 8:01 PM Flag

    I think it's sandbagging so investors are happy to take low-ball offer. The more I learn themore this stinks to the high heaven. Yeah, just delay sales and promoting product...otherwise Chang will go down as a bold face liar. Sales tanking yet inventories aren't skyrocketing?? It's beyond fishy. Then again this [bleep] is so manipulated and dodgy, this is exactly why I shorted the snot out of it and made more money in months than holding long this lame duck for years and years.

    Chang et al indicate sales dips merely temporary and we're just at the beginning of some long-term fiber booms...and yet he jumps at first, low-ball offer and sales tank out of nowhere??? I'm delighted investigations are commencing as this manipulation [bleep] has gone on for a decade+ and now this crescendo finish.....

  • bigfatty_guns bigfatty_guns Apr 11, 2016 8:58 AM Flag

    If there really is growth and this is some new beginning of fiber boom as Chang claims, AFOP should be valued north of $42/share. Right now the company is floundering. Chang does this often as evidenced as follows:

    1. Refused to buyback shares at $.63 when AFOP had $1+/sh in cash and faced delisting. Who on earth wouldn't buyback stock for $.63 that's at a minimum worth $1+???
    2. ARS debacle almost cost AFOP huge losses...all for slightly better cash yield???
    3. Stock IPO'ed at $27.50 (price adjusted for stock splits) and now Chang/Board will take $18.50???
    4. Diluted the stock to death--albeit partially masked by 3+ stock buybacks--growing too slow too long.

    There's a history and string of poor decisions here behind an otherwise nice small company. Probably if there was more competition, AFOP would have been buzzard meat. Otherwise, turnkey business in China that has demonstrated huge growth potential in demostrated sales over $100M and 56 or more profitable, consecutive profitable quarters...I see a price A LOT HIGHER than $18.50. Despite missteps along the way Chang and company have done many things very well to get this far operationally and successfully.

    Bottom line is $18.50 offer is pathetically too low. Corning would be stealing the company for this price, so I hope other investors voice their dissatisfaction. Again, all my shares will be voted 'No'.

  • bigfatty_guns bigfatty_guns Apr 11, 2016 8:33 AM Flag

    When I owned Peoplesoft, Oracle had to increase its buyout offer. Initial offer was too low and consequently refused.

  • bigfatty_guns bigfatty_guns Apr 10, 2016 11:25 AM Flag

    apologies for spelling errors...tiny phone screen and maniacal spell check app doesn't always help...lol

  • bigfatty_guns bigfatty_guns Apr 10, 2016 11:21 AM Flag

    Tedkov, I have not nor plan on a contacting a law firm even though I do not believe Chang et al pass the smell test. For one, why all of the sudden was Hoi Han dumping shares at this specific timeframe--no other sales in history? That's just one big red flag to me. Another is low-ball price. We've all seen $100M sales and excellent IP. It's worth more but Chang will benefit himself more by giving away the company and being in GLW's pocket. The price is way too low. Being a former Big 6 CPA and handling acquisitions, I'd love to review the appraisal and due diligence details. Frankly, the more I think about this bs, the more it burns me. For decades they've held done and artificially deflated and manipulated AFOP'S stock. It's always had the lowest PE of anything I've ever seen. Of course I own shares from pre-split as low #$%$63, still I remember then it was highly manipulated trading at $.63 when it had over $1/sh in cash and no debt...and ultimately faced being delisting!

    What's going on here stinks and hopefully sharwholders with more shares raise their level of dissatisfaction as well. It is very clear--as a part-time short seller here--forces have done everything they can to keep AFOP's stock price lower VA.higher. Basically it's given short sellers a 100% guaranteed opportunity to plunder. I did it against the box basically to offset my opportunity cost. Anyway, I will be voting all my shares NO. Of course the last time I did this with Wheaton (silver) the acquiring company stole the shares cheaply anyway. It's not that I don't want to fight either; it's just you can't battle with corruption, collusion, etc. Forces have been manipulating this stock since 2003...been here and watched it.

  • bigfatty_guns bigfatty_guns Apr 9, 2016 12:27 AM Flag

    Idiot...I own approx 13k shares across 3 different accounts. The latest shortposition will be covered. They're borrowed, moron, everyone knows this. You can't vote them as shorts don't own. You short against the box to take advantage of downside--esp when you don't want to sell your long position.

    The fact is I'm darn close to making more money shorting this albatross over last few years than holding it long for decade+. Clearly you pumptard tools on this board are about as sophisticated as yo-yos which is why you never made anyything from AFLOP save you losses. So just your yap....trufoolo

  • bigfatty_guns bigfatty_guns Apr 8, 2016 8:21 PM Flag

    Nice write-up, confluence. I recommended Corning buyout the hates turd at $.63. Of course I also said never own it until it breached $2.08...otherwise you'll be disappointed. Turns out I sold most of that save 10k+ shares at $22+ and went short v.box ever since....no regrets and better than a 100% predictable annuitu.. I know you always liked AFOP (in fact you introduced to me the ticket back circa 2003.). Yet we're a decade later and this company and stock should be so much more but it turned out to be lackluster. I'm delighted as you are with the money I've made trading both sides, bit really I would have rather stayed long and promoted vs. shorting. But dying on the vine is NOT my style. In fact, AFOP was such a great idea it just made sense to bet against it...the old counter-intuitive Wall St. shenanigans. And here we are....2012 off the depths was as good as it got...$23.90... pathetic for such an IBD golden child (potential).

    Well, my last maybe 13k shares altogether will get voted NO. $32 or bust. Even with another pathetic contracting sales Q, the net assets (IP particularly) and earnings potential in capable hands is FAR greater than $18.50. Like I said min $32. Corning obviously knows this.

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