Yes I agree with Simp---another little "chip" taken from the rock of confidence required
to be involved in this or any stock---small chips have a tendency to grow in number,
and also can morph into bigger chips---Ouch!
Rico's perception that CG "seems to have no regard for us. never has" is interesting,
understandable, and should be debated---In this business perception is pretty close to reality!
With greatest respect and just IMHO but a stock is either a buy or a sell---
Here are two questions- would you buy the stock on Monday at $10.12 if
you did not own it?--Is there some other stock that you would rather buy,
if you would not buy PSEC?
Well to answer your question--and this is only my opinion but they are NOT thinking---
The good news is I do not think they are crooks---greedy perhaps but
not crooks---what we do have here is incompetence and arrogance---which
seems to be pretty prevalent throughout much (not all) of Corporate America--We have a good
example here ---the outside shareholders (i.e the OWNERS of the company)
are not being kept informed --ARROGANCE seems to me to be the best word to describe
Pip's management at this time--- sad, but true IMHO--
Management should be given credit for picking attorneys that were better
than Siga's attorneys---"we outlawyered em"---at least up to now---
Siga seems determined to demonstrate the principle that if they are going
to go down in flames---take everybody else with them---
Thanks fuji as always-- Yes---liquidity an important consideration in today's market environment--
Spent some time on the10K--I wanted to check on the NOL's---they are
substantial and a real "hidden asset" IMHO
NOL's are currently around $50 Million, and although some are going to
expire in the next 2-3 years, there will still be $40 million NOL'S not
expiring until 2020-2022.
Company will not be paying taxes for a long time---
Also, NOL's do have some value if BSQR were to be acquired, although
NOL's not as valuable to an acquirer, as they are to BSQR as stand alone co.
Next year, assuiming profitability anticipatd to continue in the future, there
is a good chance IMHO that valuation allowance will be rversed, and
deferred tax asset (approximately $14 million+/- will show as an asset
on the balance sheet with a corrresponding increase in retained earnings
(a one time non cash flow event but would likely be perceived as a positive
by the "Street".).
Company needs to be able to get operating margins into the 7-8% range
over next few years---would result in operating EPS of $.50-$.60---
I am hopeful that with continued progress, this company could be accorded
a market cap of at least one times revenues later in 2015-early 2016. Also
hope it will be possible to meet Mr. Chase in near future---he seens to be
doing an excellent job in turning this company around.
Thanks for your insight on this--
Do you think class action suit will be forthcoming against Siga officers and directors?
Not sure but I seem to recall fees are also computed on uninvested cash whereas some
BDCs do not follow this practice---
I think I must have expressed my opinion at least 100 million times that we should not
exaggerate when posting mesages on this Board---Hopefully, in the future
this will be the case.
There are others on this Board that can probably give you a much better
response to your question---It really is a guessing game IMHO--
I do feel there is a chance that CHYR trades between $3.00 and $3.40
by March 2015--- Stock trades thinly and probably best not to "chase" it--
-Friday trading range was $2.50 -- $2.80---approx. 10% between high
I think near term there will be lot of stock overhang around $3.00---
Probably best to have your $3.00 price target a little lower so as to
"beat the crowdf" on your way out--
Also, perhaps have your buy price limit @ $.10 - $.15 below where stock
is trading---Always possible someone will hit your bid--as was the case
New management seems to be doing a good job---Hopefully
September quarter results to be reported in early November will be very good.
Meanwhile overall market has generally been strong with group rotation
going on---There is always possibility of some geopolitical event taking
place that could create fairly sharp swings---Plenty of risks out there,
with CHYR and most stocks.
Would suggest keeping everything on a "short leash"--If your trade starts to work against you-
-best IMHO to get out---Do not let a small loss become a big loss-- However, as you
probably know this strategy can also backfire----Easy to get "whipsawed" attempting
to trade in todays' market environment.!
My hope is that in late 2015 - 2016 a strategic buyer for CHYR will
emerge and the company is acquired at a price north of $4,00--Note
that 2 "Street" Analysts are maintaining a $4.00 price target.
I believe you are right and am hopeful that this will be an excellent quarter.---
Ultimately, I feel that the best outcome for everyone would be a sale of the
company to a strategic buyer----Assuming in 2016 we could get to $20,000,000+
revenues---5X that number--not unreasonable---$100,000,000 divided by 8,000,000 +/-
shares would be a potential $12+ stock --less than two years from now---Any thoughts?
When I saw your post--I thought at last, someone referencing the Rudyard Kipling poem
"If you can keep your head when all about you
Are losing theirs and blaming it on you"----
In any event worth reading the whole poem in times like this---
Your work is appreciated.