Cool!!! I am new to this board and stock and I am so glad to see you here.
Since you started bad mouthing HIHO on that board and shorting in August of 2013 it has gone up +75% from about 2.1 to 52 week highs of 3.7.
That is a good sign for MCZ since you will probably be very wrong here also.
This is a nice business opportunity. It is an industrial product. Being proprietary, this puts them in an exclusive manufacturing and selling position. That is somewhat different than the contract manufacturing type business that they also do. So far, they must have handled development expenses without a problem and now is the time to reap the crop. The margins should be good.
Some companies like to keep interest in their stock to keep the price near fair value and prevent a takeover at a bargain basement price. I am sure HIMX is bullish about the future.
I don't really disagree with your thoughts or even optimism. I have been involved since 2010 in the mid single digits and lower as it dropped a bit as you indicated. It is just that the story has been the same for awhile and the plan has not fully developed yet. I am not really pessimistic as much as I am impatient.
Thanks for your perspective!!!
"WPCS now like 0.12 pre split"
To which split / splits are you referring? I get about a penny and a fraction if you take into account the 2013 split.
Even though the number were poor this quarter, it appears that management may have read some of the posts about the previous call and did a much better job at addressing questions. Nice job folks.
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."
Thanks for your patience and sorry for being late. I just got home from the weekend so here are some results for the first week and part of today. Hopeful is taking seriously the task of defending his undefeated record.
Group Average 1.81
Well, I sold out this morning for a small profit. I did not want to wait for a longer drawn out affair even though it may be very profitable to do so. They got an extension on their covenants from Wells Fargo if they post results on or before June 30th so they still have another day but I guess I am not too confident on that happening but we shall see.
I hope they do get something reported soon and all of you make a bundle on the rebound!!!
The second most popular stock JAKK is on the top
With by far the most popularity, MCZ reported last Thursday. The price seems to be in the same range as before the earnings announcement, so the results must be as expected with any news already factored in or maybe it might need some time to start to move.
cragi JAKK 18.84
hopeful200 JAKK 18.84
pullinup RARE 15.60
bottomsupinvestor HIMX 13.68
bottomsupinvestor CTRE 5.84
bodybag2006 FGP 5.27
hieronymous_blat MCZ 4.43
cragi MCZ 4.43
microcaptrader MCZ 4.43
hopeful200 MCZ 4.43
b_fr_nk MCZ 4.43
hopeful200 IFON 3.37
b_fr_nk ORBC 1.74
hieronymous_blat OSTK 1.05
hieronymous_blat FTR 0.80
S&P500 GSPC 0.41
bottomsupinvestor KINS -1.01
b_fr_bk OPK -1.36
cragi SGMA -1.79
microcaptrader KTCC -2.56
microcaptrader STLY -8.87
bodybag2006 DRWI -9.83
pullinup ALNY -10.41
pullinup AGIO -13.90
bodybag2006 ORIG -20.76
Hopeful regains the lead with cragi behind while I fall to third. Hieronymous edges out his arch nemesis for fourth.
Group Average 1.47
It looks like thing are improving and will continue to do so. Lower priced raw material cotton is going through the factory. Previously announced efficiency improvements are also bearing fruit. Of course, Salt Life is the big growth engine.
It looks like you have been glued to the computer. When do you expect the report to come out? I thought it would be out by now.
Now that the last round of earnings is over, we can place our bets and see what happens with a new contest if folks are interested. Let's give us a little more than a week to get the word out and to come up with picks and start before the open on Monday June 8th. That would make the 3 month/13 week period end just before the Labor Day weekend. I would like to have a few more participants but have not tried to recruit. It there is anyone or another good board that might have an interest, please pass along the invitation. Here are the usual rules.
- Pick any three stocks before the open of the market on Monday June 8th and list them as a reply to this post..
- The companies must be listed with no over the counter OTC stocks. I do invest in these, but for the sake of the contest will be excluded due to the lack of volume, info, etc. that often are with these companies.
- No funds. I also invest in these also 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 September 4th..
- 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
As usual, all are welcome. Once again, just reply with three symbols to enter. We didn't get any takers on KTCC last time. Of course the price was only 8 bucks a share and we were too stupid to pick it then and now have to settle for a might higher entry price to pick it now.
Good luck to all that enter!!!
Quit being tricky #$%$ and pick us some longs. No shorts allowed. SMME is OTC anyhow and shorting WPCS is like shooting fish in a barrel. Now that you are reigning champion, give us a chance to whip your backside!!!