"To be a short I would have to own stock in BBSI"
Sorry but it doesn't work that way. You are certainly in the little leagues.
Well that says a lot about a person when they admit they were wrong about something or at least want to bridge the gap. It is so easy to take things the wrong way on a message board or get little too animated.
I am going to forget about the market today since it is too nice outside.
I forgot to mention that it sounds like business to the bed rental space is picking up. On the CC they mentioned a new bed rental customers and the resumption of purchases by an existing customer that has not purchased in awhile.
Wow, your calls on other boards REALLY REALLY stink badly too. The couple I have seen were just before the stock took off (PGNX and GERN). I am not intending to be mean but with your track record, I would just find a safe hobby to spend your time or get a job flipping burgers.
Wow you are quite the looser on this board too.
Don't worry folks, his track record on other boards is just as bad. No worries on what he says.
I have wondered the same thing. Maybe the other PEs can't be justified but in any case there does seem to be an inconsistency. I actually have less stress and apprehension at these price levels. I think the upside is much greater than the downside and I feel comfortable holding it here. We will get some good announcements and they will eventually hit the bottom line. It is when things come together, I think it is much more difficult to try to guess how far things will run.
Well the most important and only pertinent fact is that they hit guidance. What anyone else says or expects is irrelevant. I can have any company miss by putting up unreasonable expectations.
Here is an analogy. I am going to run a timed mile and say I will probably do it in 7 minutes. They someone comes along and says I will do it in 3 minutes. I actually do it in 6 1/2 which would be unimaginable and a record to me. But it is a "miss" because I did not break the world record.
You had better hope so. You have been wrong for the past couple of years you have been spouting this stuff. You need all the help you can get.
I remember you mentioning Mr. Coggins and I am glad he is staying with company based on your opinion. Thanks for sharing your viewpoints.
Lets talk some about the actual business. I do have a question of interest to which I did not give much thought prior.
Himax is a fabless semiconductor designer for most products. Am assuming they will be manufacturing the LCOS displays at Himax Display? Will the margins therefore be larger by cutting out the the middle man?
Oh, I see the financials in the SEC filing.
I calculate the following:
P/S - 0.39 which is cheap depending on the margins
P/E - 17.8 I get in the mid 20s for 2013 but I estimated a TTM by using the 6 month earnings of 2014 and 1/2 of 2013 earnings. I don't know if that is valid or not but it looks like they had very good YOY growth for the first half of 2014.
P/B - 2.4 Which is not cheap.
I guess I would rate it overall as reasonable but certainly not cheap. Most purchases are done at a premium so I don't think it is too out of line. The real consideration is how it will grow and synergies with the existing business. As the previous poster stated, the customer list may be an important asset. So far, we have not heard and certainly not seen any big benefits of the metal working business they bought prior to this purchase.
I am not at all worried. At these price levels, it is a very sound investment to me. The upside is much, much better than the downside IMO.