Gophers do not fear anyone wearing spandex and spurs holding a shovel. Bad call on selling yesterday for you.
I'm sure you immediately gratify yourself at every opportunity. As for Pr's, they could settle the lawsuit with WPRP, they could announce the other two MSA contracts. All the storm damage lately could add to the bottom line for 2013. Granted this doesn't have all the bells ands whistles that you get wearing spandex and spurs.
They give a presentation today, I plan on listening to it. Hopefully they hint at some things. You can preview the slide show early.
You like to make things up. That way you don't have to look in the mirror. As for finding WG, I had read a piece on growth of LNG and looked around to see who may get a piece of the build out. If I have 300 id's, why haven't any of them shown up to help me expose you? Don't you worry about me, you the idiot with several posts that were material inaccurate. You hate the name spandex and spurs. Good. Floor trader...only if you mean I wash the floor with you. Attitude only comes with nonsense, which you need the stretchy pants to house all of it.
A little premature goldilocks. Maybe Cocrystals is working on something for what ails you. So when the moments right, kind of thing. Impressive how fast she rebounded.
Pie Five has 13 locations in Texas, two each in Kansas and Utah, and one in North Carolina. More than 150 franchise units are currently under contract in Florida, Kansas, Kentucky, Maryland, Missouri, North Carolina, Oklahoma, Tennessee, Texas, Utah, Virginia and Washington, DC.
Sentiment: Strong Buy
We know why you wear spandex and spurs! You love the stretchy pants. Do you concur?
I got a great New Years Resolution for you spandex. 2014 you stop filling the stretchy pants with bull _hit.
Over the years? I only recently bought this stock. I haven't said anything nasty. I just correct misinformation. It would be nice if they hint at what growth would be in the modular unit division. My guess 2014 nets out $200M in business. Has a 10% margin or better. I also believe this is how we get,to doing $4B a year and 5% profit margin.
In your wet dreams will this hit the $6's. The CFO's buy has been well discussed. I also exposed the lawsuit winnable inaccuracy, believe you part took in that one. It seems we have a few posters here who go out of their way to discredit a company that would be very profitable, if not for the MPRP contract.
I just calculated the profit margins each division enjoys:
Utility 5.85% on $349M sales for 9 months
Canada 7.98% on $24M sales for 9 months
Professional services 5.71% on 252M sales for 9 months
Oil and Gas a loss of $42M for 9 months. What would our IS look like if Oil and gas had not had the MPRP fiasco. The loss should have been a profit had things gone as planned with MPRP. However the bleeding has stopped in Oil and Gas. Probably has done a needed turn around this quarter. They lost an average of $16.6M in each of the first two quarters and in the 3Q that slowed to $8.8M. At some point MPRP bleed be through. If you read the article I posted on the lawsuit, the spokes person for MPRP stated WG had done a very good job and they expected the settlement would impact their utility customers would be modestly impacted on the bills.
I feel strongly that a few investors here would love to buy lower and will use whatever means to distort. I'd be careful trying to time this one. Large contracts are awarded everyday and the bad news is behind this one. Canada is growing by leaps and bounds. Last quarter it produced a $11M profit before taxes and interest. Compare that with the first two quarters profits average of $7.4M.
Backlog excellent, MPRP behind us, sell of Hawkeye, settlement of MRRP, modular unit story unfolding, Gulf coast and natural gas growth, panama canal shipping. I believe that our growth is well intact for all of 2014. This company could easily make $100M next year. $2 a share.
I hear this all the time about pitching PI and although they make no profit off it, it does pay a load of bills for this company. It paid for the 15 P5 the company owns. It pays for all the salaries, headquarters and all the fixed costs associated with P5. They would only have 2M in revenues a quarter without PI. Expenses could be near $4M without PI to help pay for them. What drags us down is the former management was happy getting a salary and doing little else to grow revenues.
Franchise stores are really not money makers. They will pay one time fee to open and maybe $36K a year in royalties. Even a 100 franchises would only generate $3.60M in revenues yearly. The key for them to see appreciation like Dominoes has, is to sell product to P5 and PI. Economies of scale is where our valuation will come from. Not from fees, that is just extra bonus. The $40M in revenues we get now is from selling product.
Devil is in the details. This as speculative as they come. Did they sell the Qusomes to get something better? I believe so, but this is where you have to decide for yourself. If Cocrystals has a strong pipeline, we will all be very happy long term. I believe TEVA wants to pony up the $38M, how better to do it with free appreciation on shares they own? If they give it to them as a private company, they get no appreciation on shares. If the stock market likes that BZNE has $38M in cash + 1.2M shares of MUSCLE and cocrystal pipeline, the appreciation alone gives TEVA a breakeven at $2 a share on BZNE.
Yes, we are all impressed that you can divide $11M by 49M shares. Just imagine if you spent as much time with your investment as you do watching "Catch me if you can".
This is actually a pretty good run company.
Oil/Gas has lost $42.13M in the first nine months.
Utilities Profitable $20.468M
Canada Profitable $25.89M
Prof/Ser Profitable $14.45M
These figures are before Int/tax/early Extinguishment expenses.
How could they miss so bad on Oil/Gas? Sales are down over $100M. They brought a lawsuit for $43m+ and from looking at earnings, I'd say something caused WG to lose money or heads would have rolled. If you add up the three divisions that are profitable, you get almost $60M profit. WPRP caused some problems here, no way did WG miss on their bid by this much. The figures here are for 9 months, so that $60M could easily be $20M and the Oil and Gas should have had a profit also, that was not realized, do to MPRP not performing.
Interest expense for the year would be $30M, loss on extinquistment of $11M is a one time event. So if OIL/Gas had just broken even, we could have realized $30M in profits before Taxes.
Conservative $20M after taxes, maybe higher if they had some tax offsets. This is a very well run company that has a dispute with MPRP. Common sense shows the delays hurt them. The Income statement shows this also clearly. 2014 could be a stellar year, with Canada, Utility,Profession services. Oil/Gas will come around, with the fiasco of MPRP behind them. Add in the new division with modular cryonic, we could be looking at the turn around story of the year in 2014. I will have more to point out about other positive and negative stuff on the IS.
The CFO was buying because he knows he would have had a profit this year, if not for the MPRP project. I love this stock!
Sentiment: Strong Buy
Willbros will finance the transaction with a combination of new common stock and cash. The cash consideration will be provided from existing cash on the Willbros balance sheet and new committed financing from a syndicate of banks. The new financing will consist of a three year $175 million revolving credit facility and a four year $300 million term loan.
In conjunction with the transaction, Willbros has received the consent of the holders of a majority in aggregate principal amount of its 6.5% Convertible Senior Notes due 2012 to certain amendments to the indenture for the Notes. The amendments provide that certain restrictions on Willbros' ability to incur indebtedness will not apply to up to $300 million of borrowings made to finance the cash portion of the purchase price for the acquisition. In connection with these amendments, Willbros will make a one-time payment, as special interest, equal to 4% of the principal amount of the Notes to the holders of the Notes five business days after the closing of the acquisition.