Recent

% | $
Quotes you view appear here for quick access.

Span-America Medical Systems Inc. Message Board

bottomsupinvestor 192 posts  |  Last Activity: 12 hours ago Member since: Nov 19, 2007
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • bottomsupinvestor by bottomsupinvestor Jun 2, 2015 2:30 PM Flag

    Do we know anything other than the May 6th press release or am I missing anything? I also did see the releases for management/board changes. I get the impression that is involves Q4 2014 results and therefore full year numbers. I will go back and re-read the release.

  • Reply to

    What Do We Know???

    by bottomsupinvestor Jun 2, 2015 2:30 PM
    bottomsupinvestor bottomsupinvestor Jun 2, 2015 2:50 PM Flag

    That is a good point. How does the market know or at least have a consensus that it is worth $7.5 or thereabouts?

  • Reply to

    Book Value

    by wyatt_99337 May 8, 2015 8:24 PM
    bottomsupinvestor bottomsupinvestor Jun 2, 2015 5:00 PM Flag

    There is good bit of goodwill and intangibles on the balance sheet. Unless I calculated something wrong, it is still trading above tangible book value.

  • bottomsupinvestor by bottomsupinvestor Jun 2, 2015 5:12 PM Flag

    Take a look at the map with the locations that will be added with the People's acquisition. You will find it on the Horizon web site under investor relations / presentations / Raymond James Conf. That will really fit in nicely to the east.

  • Reply to

    breakout

    by bigmaida Jun 2, 2015 3:34 PM
    bottomsupinvestor bottomsupinvestor Jun 2, 2015 5:16 PM Flag

    Is "big news" coming this time???

  • Reply to

    First Quarter 2015

    by hi_smile Mar 13, 2015 9:15 AM
    bottomsupinvestor bottomsupinvestor Jun 2, 2015 5:29 PM Flag

    Yes that is still a nice backlog number. Looking at the 10K, it appears they may have some other legal issues behind them.

  • bottomsupinvestor bottomsupinvestor Jun 3, 2015 10:09 AM Flag

    I think the poster meant for the CEO after he buys more shares. The CEO indicated he would buy more to keep his % stake the same. You are correct that there will be dilution for existing shareholders.

  • Reply to

    Product Announcement & Industry Conference Dates

    by haschultz1 May 22, 2015 12:15 AM
    bottomsupinvestor bottomsupinvestor Jun 3, 2015 10:26 AM Flag

    Bump and add:

    + June 10-12: Himax Technologies, Inc. to Attend Credit Suisse Asia Corporate Days in New York City and Boston

  • Reply to

    Up Huge After Hours on a Friday?!

    by thatl_leavea_mark May 29, 2015 6:08 PM
    bottomsupinvestor bottomsupinvestor Jun 3, 2015 10:05 PM Flag

    Apparently, it is still not ready to give up.

  • Reply to

    psx - laggard of the refiners

    by spiegel18 Jun 3, 2015 2:01 PM
    bottomsupinvestor bottomsupinvestor Jun 4, 2015 8:46 AM Flag

    I am not sure why either. This is an excerpt of a comparison of the group:

    "The EIA’s report has shown that oil refiners have been ramping up production as of late, and to reflect that the margins of all of these companies have to been going up. That having been said, Phillips 66 (PSX-US) is the top performer at the moment despite its relatively low EBIT margin. PSX has the top gross margin amongst its peers despite have unexpected refinery downtime, and has very strong dividends. Coupled with the fact that their most recent Q1 margins were the best they’re had in 2 years, their continual growth of their midstream services, and investments in pipelines makes Phillips 66 is one of the strongest refineries at the moment, and as such would make for a strong investment."

  • Reply to

    Earnings tomorrow....

    by jacadevai Jun 2, 2015 12:08 PM
    bottomsupinvestor bottomsupinvestor Jun 4, 2015 10:27 AM Flag

    Unless my math is wrong I get Q4 revenue of 67 mil and EPS of -0.08. Unfortunately, that seems to negate the impression that they may be on a growth trajectory.

  • bottomsupinvestor by bottomsupinvestor Jun 4, 2015 10:50 AM Flag

    On May 27, 2015, Span-America Medical Systems, Inc. (the "Company") and its credit facility lender TD Bank, N.A. entered into a First Amendment to Loan Documents amending the Company's revolving credit facility by (i) extending the maturity date to April 30, 2018, (ii) reducing the maximum availability under the facility from $10 million to $5 million (and eliminating the unused line fee if the outstanding balance on the line is less than $5 million that was applicable prior to the amendment), (iii) eliminating the dividends covenant and
    (iv) modifying the tangible net worth covenant to update the tangible net worth threshold to the threshold in effect in accordance with the terms of the covenant at the time of execution of the amendment. There is currently no outstanding balance on the line of credit, and the Company is not in default under the line of credit.

  • Reply to

    Google Glass

    by gofurself30 Jun 3, 2015 12:02 PM
    bottomsupinvestor bottomsupinvestor Jun 4, 2015 5:00 PM Flag

    That is a good testimony to the usefulness of the product. A couple of days ago on a business show, I saw HR Block doing trials using Oculus VR headsets to interact with customers. It looks like head mounted devices are finally getting here.

  • bottomsupinvestor by bottomsupinvestor Jun 4, 2015 5:19 PM Flag

    It appears that the company and Wells Fargo have agreed to waive any credit default until June 30. Am I reading too much into this by thinking that this might imply that the accounting can be rectified in short order by the end of the month? If that is the case, this matter doesn't sound like a big deal. Then again, it can be a standard extension with the company knowing they have no way to meet it. Any guess is just speculation until we actually see the numbers issued but I am grasping at straws.

    Entry into a Material Definitive Agreement, Financial Statement
    On May 28, 2015, the Company executed a Fifth Amendment and Limited Waiver to Credit Agreement (the "Amendment"), among the Company, Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders. Under the Amendment, the Lenders agreed to (i) waive the existing Events of Default,
    (ii) waive any Events of Default that may arise solely as a result of the Company's failure to deliver its financial statements for the 2014 fiscal year and first quarter of 2015, (iii) consent to the delivery of the Company's restated financial statements for the fiscal year ending December 31, 2014 on or before June 30, 2015, and (iv) consent to an extension of time until June 30, 2015 for the delivery of the Company's quarterly financial statements for the first quarter of 2015. Under the Amendment, the Company agreed to (i) permit t

  • Reply to

    What Do We Know???

    by bottomsupinvestor Jun 2, 2015 2:30 PM
    bottomsupinvestor bottomsupinvestor Jun 4, 2015 5:24 PM Flag

    Welcome back. It is the same for me. I first bought after bankruptcy, before the reverse split, and before listing and sold somewhere near 20.. I just recently came back for a look but I did buy some again.

  • Reply to

    OT: Stock Contest

    by bottomsupinvestor May 28, 2015 1:35 PM
    bottomsupinvestor bottomsupinvestor Jun 5, 2015 9:32 PM Flag

    Cool!!!

  • Reply to

    A bargain once again...

    by chrislane323 May 12, 2015 1:05 PM
    bottomsupinvestor bottomsupinvestor Jun 5, 2015 9:47 PM Flag

    Do you and your wife decide on your investments together? That is great if that is the case. My wife does not have the background or interest but I am very fortunate that she has faith and confidence in my decisions and realizes that they all won't work out or that some years will be bad ones. Actually, over the years she has picked up enough to at least be literate on the subject which is something for which I am proud of her. I would be interested on how that works for you two if you care to comment.

  • bottomsupinvestor bottomsupinvestor Jun 7, 2015 11:49 AM Flag

    Thanks for starting the new thread. That will help to find entries.

    I am not near the last to report for once. Here are my picks:

    HIMX: Still waiting for some actual announcements of rollouts of new products using their new technologies, particularly in the area of image sensors (CMOS + wafer level) and displays (LCOS for head mounted units). The price has dropped to below $6 and is now above $7. It will go X-divi in a couple of weeks with a 0.30 payment (+4.2%). This is my second largest holding.

    KINS: Kingstone Insurance a small insurer in the NY, NJ area with a history of growth. They seem to treat their reps well and promote good performance. Plans are in the works for approval to spread to other geographic areas. It has a 2.7% yield. I have a moderate position in this company.

    CRTE: CareTrust is into real estate for the healthcare industry. They currently have a 4.9% dividend that appears to be well covered. The price is beaten down because dividend stocks will be less attractive as interest rates rise. I have a small position.

    I did not choose my other usual pick of silicon motion since it has had a nice run up. Even though it may have much further to go with great results of their SSD (solid state drive) products, it may need a breather.

  • bottomsupinvestor bottomsupinvestor Jun 7, 2015 1:17 PM Flag

    Ok, I got three of us entered so far. As the defending champ, you are the guy to beat!

  • bottomsupinvestor bottomsupinvestor Jun 8, 2015 8:42 AM Flag

    Okey Dokey,

    So far there are only six of us. Maybe we will get a few other last minute entries. So far I have:
    cragi MCZ 0.4309
    cragi SGMA 8.9399
    cragi JAKK 8.07
    microcaptrader STLY 3.27
    microcaptrader MCZ 0.4309
    microcaptrader KTCC 10.9399
    hopeful200 JAKK 8.07
    hopeful200 MCZ 0.4309
    hopeful200 IFON 2.67
    b_fr_bk OPK 16.19
    b_fr_nk ORBC 6.88
    b_fr_nk MCZ 0.4309
    pullinup RARE 89.24
    pullinup ALNY 131.35
    pullinup AGIO 122.63
    bottomsupinvestor CTRE 12.32
    bottomsupinvestor KINS 7.6372
    bottomsupinvestor HIMX 7.09

SPAN
18.25+0.01(+0.06%)Sep 1 12:56 PMEDT