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Astex Pharmaceuticals, AŞ Message Board

bobby673 3 posts  |  Last Activity: Jun 29, 2015 5:37 AM Member since: Mar 27, 2010
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  • By Jim Swanson June 25, 2015 9:25 AM
    In a report published Thursday, HC Wainwright analyst Carter Driscoll initiated coverage of Energy Focus Inc (NASDAQ: EFOI) with a Buy rating and $11 price target. The analyst believes that the company has almost completed its strategic turnaround and is well positioned for strong growth going forward.
    There have been a number of recent positive articles about EFOI including the one from H.C. Wainwright, and Zacks.
    Energy Focus (EFOI) Worth Watching: Stock Up 8.1% - Tale of the Tape
    By Zacks Equity Research June 26, 2015 8:44 AM
    Energy Focus, Inc. (EFOI) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. The stock has risen 29.1% in the past one-month time frame.
    The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
    Energy Focus currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
    I find this extremely encouraging considering that I have owned and purchased shares in 2011, 2012, and 2013 when very few analysts followed EFOI and those that did recommended selling EFOI in the $0.20 to $0.35 range (prior to 1 for 10 reverse split). Check the strong sell rating by The Street Ratings from 2011, 2012, and 2013. Back in those days the shares traded in the 10,000 to 20,000 shares per day range and that was when there were 10 times as many shares outstanding. It was difficult to buy 10,000 shares in those days (equivalent to 1,000 shares today).
    The Navy business is great, however the commercial business has significant competition. Even at $10/share and the low market cap EFOI could be purchased by one of their large competitors to simply use the Navy business to market

    Sentiment: Buy

  • I listened to the earnings conference call and I thought there was too much focus on potential NG. A number of questions focused on dividends. Personally, in my opinion paying a dividend should not be a priority; however, I do like the idea of using some of the cash to buy back stock. Buying back shares of GURE helps show investors that the company believes in themselves and that they current stock price undervalues the company. After listening to conference call I did not expect to see the stock price move up.
    GURE would be significantly higher in price if it was not a China company and the fact they do not have a real investors relations person/firm. I am in the chemical industry and I have followed this company for a number of years. They have a great balance sheet and very good cash flow and have grown revenues and profits. The price of bromine has been at all time lows while GURE continued to make a profit. The United States, Israel, and China are the three largest producers of bromine. The two of largest companies in the industry are Albemarle Corporation and Israel Chemical. In recent months, both Albemarle and ICL have announced substantial price increases for bromine. Albemarle announced a 30% increase in bromine prices and Israel a 20% increase, the China bromine prices have not caught up to these price increases but should continue to move higher. In addition, GURE has accelerated its transformation from a manufacturer of raw materials into an integrated producer of value added downstream products with the recent acquisition of Shouguang City Rongyuan Chemical Co., Ltd. (SCRC), a leading manufacturer of materials for human and animal antibiotics in China and other parts of Asia. Those are the facts. Note, I have not even mentioned the potential for NG.
    In my opinion it is important for GURE to hire a good investor relations (IR) firm. This would provide visibility to additional investors.

    Sentiment: Hold

  • bobby673 bobby673 Nov 13, 2014 12:34 PM Flag

    I thought that this was a fair conference call. Based on the earning release and conference call, I do not see this stock moving up very quickly. Military/Navy business has been very good. But very little progress on the commercial side of the business. Not sure why they have not closed the England facility. I have not seen any progress in the European market or global market. The commercial business has been discussed for years but with little progress. Hopefully the additional sales force will show positive results next quarter. I think that over all things are moving in a positive direction but some tough decision must be made for example in Europe. In my opinion, costs could be reduced by closing the office and hiring sales reps on a commission basis. This is definitely a hold and I also think the current price is too low. Stock should be a minimum of $11 ($1.10 per reverse split). Need a good IR person to promote company to investment community.

    Sentiment: Hold