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Swift Energy Co. Message Board

bobacequ 9 posts  |  Last Activity: Apr 3, 2014 4:54 PM Member since: Nov 29, 2007
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  • The Gidwitz family owns approximately 60% of all the stock. The price of the stock sells well below book value and in SEC filings, they imply that te book value is understated. Except for one year, some time ago when they had a tiny profit, the company loses money every year. And te Gidwitz familly is happy as a clam to lose money each year. Strange, very very strange.

  • bobacequ by bobacequ Mar 27, 2014 1:34 AM Flag

    I just heard that Georgiopoulis is trying to float a billion new shares at a penny apiece so he can buy one more ship, but his advisors told him that it would be difficult to do so. His answer was "how about 10 billion shares at a tenth of a cent". The mad Greek loves to buy ships

  • It is well known that Terry Swift Pays many many millions more for a property than it is worth. Afew years ago the SEC rules forced him to take a $12.00 per share writeoff. Last year they lost money due to another writeoff. In fact, under the "leadership" of Terry Swift, the company has lost a lot of money. His recent purchase of the Eagle Ford propeties are the standing joke in Texas. He put the company in so much debt that he must now sell some properties to keep afloat so that he and the board can continue to milk the company. Perhaps the law firm knows of $millions in kickback money in the purchase of properties. We will find out hopefully.

  • bobacequ by bobacequ Feb 27, 2014 6:51 PM Flag

    As I have said numerous times before the problem with this company is Terry Swift. Including the writedown, the company lost 96 cents per share in the fourth quarter and therby lost money for all of of 2013. A few years back he wrote off $12 per share. Swift is well know in Texas for paying far higher for properties than what they are worth. For Eagle Ford, they laughed in Texas at the price he paid. Terry is a multi multi multi millionaire, having inherited all from his father, He indulges himself with his fetish ie. he loves owning properties. Estimates from the Texas oil fields is that he will be writing off $15 per share on Eagle Ford properties. And with the companie's debt being at an all time high and Terry intending to increase it, the stock is well worth shorting here. Witha cash flow over six dollars per share,most companies would be buying back their stock at these levels. Not Terry. NOTE 13 INSIDERS including Terry dumped stock a few days befoere the release of the 4th quarter.

  • Reply to

    Up $.41 in After Hours

    by rhulman Feb 26, 2014 9:54 PM
    bobacequ bobacequ Feb 27, 2014 1:02 AM Flag

    dummy! dummy! dummy! the big after hours spike was on 300 shares do not you see manipulation when it occurs dummy!

  • bobacequ bobacequ Feb 20, 2014 2:58 PM Flag

    There was selling by 12 insiders including Terry Swift. Some of it sold below 12

  • Reply to

    Latest book value....$24.36 per share..

    by keltus1952 Feb 12, 2014 11:06 AM
    bobacequ bobacequ Feb 14, 2014 11:46 PM Flag

    The real book is about 4. Terry Swift overpaid about $20 per share for for the Eagle Ford oil. A few years ago hr wrote off $12 per share for equally stupid acqusitions. The man is plain stupid, The previousl writeoff is about equal to 12 years of his current earnings, The shorts know this, but the gullible stockholders do not.

  • bobacequ by bobacequ Feb 10, 2014 9:16 PM Flag

    This is an illusion. Terry Swift, an incimpetent CEO inherited the job from his father and is a disaster as the CEO. He loves financiial engineering but is way over his head. He loves to buy properties and take on more and more debt. A few years ago he had to write off $12 per share because the properties he bought were not worth what he had paid for them, This $12 is equal to 24 years of his current earnings, Since that writeoff he has put the company in a record debt position by once again buying propeties for two or three times their worth. There are stocks with book values of 4 or 5 whose stocks sell far far higher than SFY. The shorts know this, No other gas/oil company is shorted at less than book value, much less half of book value. The greatest asset that te shorts have is Terry Swift. They know how stupid he is.

  • Reply to

    Realestate value

    by whisperingpines1962 Jan 2, 2014 5:49 PM
    bobacequ bobacequ Feb 5, 2014 7:22 PM Flag

    Yes, the real estate is worth far more than book value, however , the son after taking over rom the father has no motivation to see the stock priced higher, This is the price investors pay for nepotism. His conference call reveals his goals, ie to sell as much groceries as he can in highly remodeled stores and nothing else.

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