I don't know anything about BTX but I was amazed to see the "about the team" blurbs for BTX to find 4 young kids with the highest of a BS degree and stuff listed like "avid snowboarder", "dream was to be a dinosaur", "studied art history" (but apparently couldn't get a degree), and the hard to quantify "kick#$%$ software". They must has smartened up a little and took some of that stuff off of some other links that I ran into.
I agree too. LTC will be an albatross while it chases its tail, Every time rate increases get approved, costs will have increased. They will never catch up. It will take awhile for them to get the desired capital to split apart the company all the while LTC will be a major drag.
OK folks. It is about time for another stock contest to keep us awake during the cold winter months. I won the last contest and had the worst two months in my portfolio that I can remember so you might not want to win. Let's start on Monday December 15th and finish on Friday the 13th in March.
Everyone is welcome and here are the rules for those that may not be familiar with them
- Pick any three stocks before the open of the market on Monday 12/15/2014.
- They must be listed with no dotPK or dotOBs. I do invest in these, but for the sake of the contest will be excluded.
- No funds. I also invest in these but this is a stock picking contest and not a fund, market timing or asset allocation contest.
- More than one person is allowed to pick the same stock.
- The winner will have the highest combined return after approximately three months or in this case after the close on Friday 03/13/15.
- Dividends are included. If your stock gets one, please let me know in case I might miss it.
- This is a friendly contest with the grand prize of bragging rights as the grand stock contest winner. Don't get on folks because of their picks or results. I have done great in the contest many times while my actual portfolio lagged and visa versa.
- I will try to give result updates every week or two as things progress.
All are welcome. If you are interested, please reply to this post with three stock symbols. If you care to, you can give a short reasoning for each of your picks. Good luck to all!!! Less
You have a more positive interpretation on things than I. Restructuring and having to reduce costs to try to maintain margins is not a good sign. They did not mention anything on the call about having to refinance their debt at more costly terms as noted in the non publicized SEC filing. It sounds like they are trying an austerity program to maximize cash flow and bring down their debt which are at high levels in relation to equity and now is an albatross. Unfortunately, the overall industry is not well as indicated by the previous Q's comments and by Gildan Activwear's results (GIL) which just came out. Their price dropped almost 10% yesterday. Salt life is doing well on its own but is not large enough to have a significant impact on the bottom line.
They may eventually come out of this just fine but this sure is not the way I would like to see it happen. The last year or two has been plaque with problems of cotton prices, collapse of the Soffe business, and now difficult industry wide conditions. What next?
It looks like it is holding the gains well considering the recent run up and the negative overall market today. Thanks for pointing that out.
That is an excellent question and one I don't see addressed in the earnings report. I have not listened to the conference call. The vast majority of their long term debt has been moved from the long term to short term category on the balance sheet. Hopefully they can refinance the debt and do it at a reasonable cost. This can be a big issue and cine contributing to the weakness in stock price.
I think he is saying that certain people knew this tidbit before the actual release which took the price up before hand. The actual release becomes a non event because the price already rose. At least that is what happens in some cases and I think that is what he is trying to say.
Yes we should be going up. It might take another quarter or two to push it along.
AFSI has rebounded and recovered nicely. I don't understand why MHLD got hit also but never seemed to fully recover.
I am a patient guy but this is ridiculous. They are taking advantage of the situation while tying up our capital without having to use their own.
I hope you are well. It was a nice ride on some of these small financial stocks. The only one I still own is HBNC which I sold and bought back on a dip. In general, I am having difficulty finding anything that is cheap. I guess those were the good old days for bargains.