I guess if you were the doctor I'd take my chances with the janitor.
Whatever. I'm setting you to ignore. I just advise anyone reading your posts to look at your post history over the last few years to see what you're all about.
Well I'm glad I ignored you before or I would have a lot less money. Looking at your post history it seems the only stock you post about is LAKE. Your doomsday scenarios so far have been incorrect. No employee is irreplaceable. You sound more like a disgruntled ex-employee than an investor.
turt - I've sold quite a bit myself so I'm not surprised. I started buying IMOS and made it a nice sized position when it was in the 11's. I bought when it was in the mid-teens too. Eventually no matter how much I like a stock I do think it is important to rebalance and not become too overweight. While I still like IMOS I don't think anyone will debate the upside at 22 is a lot less than it was at 11. I'm still holding on to a decent amount, but there are definitely plenty of other fish in the sea so to speak.
This is the best Yahoo MB I've ever been on though!
The most recent short interest numbers are from a settlement date of 1/31. The numbers for 2/14 should be released after hours on Wednesday (2/26).
Brazil isn't really much of an issue. They are not putting any new capital into Brazil so as mgmt. has mentioned on the conference call either they turn it around (which I think they have a good chance of doing) or they discontinue operations there, sell what they own, and end up with a large amount of NOL's which means they probably won't be paying taxes for quite a while. They hope to have Brazil at breakeven by 1st Quarter.
As far as Ansell is that really a problem? If they'd like to make a bid that's great, but I don't see why LAKE can't trade at book value in the next few quarters once people see the turnaround is going as planned. I do expect LAKE to sell itself maybe sometime in the next two years, but it still has upside without it.
I checked back through the filings and it looks like Ancora is a new over 5% holder.
Ansell hasn't had a new filing since October 2012 so they must still have the shares. I believe this question was asked to management on one of the more recent conf calls and that was their answer as well.
I have sold some shares to lighten up. I loved the stock when it was at 5. I still like it a lot at 6.87 but after the run-up my position was a lot larger than what I would normally keep as a percentage of my portfolio.
I still believe the turnaround is very much on target and they should climb closer to book value over the next year.
I'm not sure what you mean by install rate being lowest since 2008. I looked back through their 10K's. Installs for 2013 was 112 (maybe 111 since one of them was an 'IMAX private theater'). Installs for 2012 was 107. 2011 was 116. 2010 was 88. 2009 was 79.
bull - Not that I'm saying it can't happen, but this is quite a different situation from the two stocks you mentioned. Over the past 10+ years Leapfrog has had exactly two big products, the original iteration of the Leappad and the current versions. Back in the early 2000's I'm sure people were saying a lot of the same things you are saying now - innovative, best in breed, etc. However once their Leappad sales started dwindling they had nothing and suffered years of losses. I guess I just don't see that as being overly innovative. Yes they were the first to monetize the kid tablet market, but now that they have everyone wants in. There are certainly plenty of companies with deep pockets to compete. When and if they come out with a new hit product I'll think about investing again, but why invest now just based on hope?
LL is a retail store that sells flooring. Sure sales can go up and down depending on a lot of factors, but people will never stop buying flooring altogether. FSLR is more or less a commodity business (solar panels).
That's true, but nobody cares about that. They used up basically all their deferred tax assets this Q. If they can't make money going forward then no one cares if they are trading close to tangible book.
If anything I would be surprised if shorts didn't start lightening up on their positions. The shorts made their bets and won. I don't think most of them are going to hold onto it looking for it to go to zero. There are always buyers out there.
BTW - Just reading the CC transcript now. This is what they said about their deferred tax assets:
"In the fourth quarter of 2013, we released an additional $62.8 million, which represents approximately 90% of the allowance that remained."
The 90 cents comes all from tax benefits ("$62.8 million benefit related to a release of valuation allowance previously set against our deferred tax assets"). On a normalized basis (where they assume a 37.5% tax rate) they earned $0.2M or $0.00/share. I'd have to check, but I believe they are just about done using up all their deferred tax assets.
For a person who is insulting practically everyone on this board you should do your own research. Disney Interactive Media Group has been a horrible mess for Disney and has been profitable two quarters over the last FIVE years. They are busy laying off 10% (300 people) from the group. Please tell me about his accolades and how he will turn around LF.
This guy wasn't a senior exec of Disney, he was the Senior VP of Global Marketing at Disney Interactive Media Group. How much do you think he's getting paid? When I worked at JP Morgan Chase there were about 10 million Senior VP's and trust me plenty of them ran off to work for smaller firms and got paid more. He's joining LF as Senior VP of content strategy and marketing. Chris Spalding/Senior Vice President and Managing Director, EMEA for LF has a base salary of $310k and a total compensation package of $1.3M. I doubt he's getting more.
I don't think any one method is the right method. I'm not sure why you would use tangible shareholder equity, but okay let's take yours.
What do you get for tangible equity? About $5.90/share? Future profits? How far into the future are you going? Be my guest. Let me know what you come up with.