Total insider purchases since Nov 13th abou t 3,900 units including Martin's 3 223 (3,000 + 223). All buys no sells Info filed indiviidual Form F4. Charles Still esq Director purchased 500. Still's expertise for what it is worth is in coporate secrities law and corporate finance, specfically mergers and acquisitions.
Sometimes u get lucky with your guesses. Past performance may not be an indicator of the accuracy of future forecasts.
Sentiment: Strong Buy
Flaherty fired. Never though much of him from day one when he replaced Roarke. Flaherty has a Wall Street background and Roarke was very big on catering to the Wall Street types. When Roarke was CEO and he was a good one, he used to make the men wear sports coats or suits and ties and women dresses when they went to lunch with him. Obviously that was years ago but even at that time in Los Angeles, where HCP was then based a lot of management types dressed business casual at lunch.
This was obvious when the deal was done. All one had to do was find out the headcount of the acquired company. The cost was available at the time the acquisition was filed. DWCH has been a great stock but the company and its products are still mediocre. Then again for those that made a bundle off it congratulations to them. After all investing is about making money not buying stock in good companies. Lots of #$%$ companies have had a stratospheric price run in their stock making the smart trader an exceptional return. Always has happened and always will. One just needs to understand the psychology that drives the stock price upward despite the company itself being lousy.
Not missing anything. DWCH isn't the only "rotten pickled herring" company whose stock price is being pumped up into bubble territory. I have seen this game played hundreds of times before. Enron is one of the most classic example of this. Not saying DWCH has only vaporware. Of course they have real products but it is highly doubtful that they will ever have meaningful profits in the future.
So congrats to those who are making money off of garbage. Though in the long run they would probably be better off investing in a sanitation company.
This stock reminds me of the herring joke. It goes like this. Herring was pretty cheap until a rumor about an impending shortage was spread. Then the price of herring went up and up feeding on itself. The herring was never sold but just traded. Finally someone buys the overpriced herring with the intent of selling it for food only to find out by now it had all spoiled and was rotten.
DWCH is like that. Lots of hype around Bigdata and lots of hype by Plummer and company. Even some insider buying to push the price higher. This has all turned DWCH into a very good stock for trading or holding until someone realizes the company will never make any money and then then the herring game will be up
In the meantime I have to congratulate people who have made money by investing in or trading a lousy company. It takes real guts to put you money into a worthless company. But heh if you had the guts and make money why not. After all that is what investing is about, making money.
The first thing they will do is pay off the remaining bank debt incurred as a result of the second large dividend payout form the $10 million. After that they will probably use some of it for Marketing and R&D. They might even make another acquisition or two as there still are a lot of small players in their field. They might even acquire one or more of the firms whose add-on they use with CimatronE and/or Gibbscam. Finally they may start paying out a small dividend though I think that is probably last on the list.
That is not true. The dividends were paid as a bonus to the insiders. The lawsui they won was against the Israel Tax Authority and it wasn't even a lawsuit. CIMT was asking for an exemption from a ITA regulation that prohibits company's from paying dividends not in accumulated earnings; greater than accumulated earnings. They asked the ITA for an exemption in order to pay out their last two dividends of close to $10 million. The ITA granted the exemption and CIMT paid the dividends.
The dividends paid prior to the $10 million or so of dividends did not require ITA approval.
Who ever wrote that pump and dump article on Seeking Alpha should be banned from writing for any investment related website. The person who who wrote the article and uses a non de plume even said they had a position in CIMT. Fortunately for me I haven't owned any of this since Jan 2013.
That is the #1 complaint by people who lose money investing in a company's stock.
I owned CIMT for close to six years and did okay.
Anyway a few things to know about CIMT
1. It has never been able to generate much if any generic revenue growth. When they purchased Gibbscam on Jan 1, 2008 well before the housing bubble burst, the combined revenues of the two companies was about $42 million. This year they should probably be in the $44 to $45 million range.
2. They have a good CFO who managed to store up over $13 million in cash allowing them to begin to pay dividends
3. The stock never would have risen about $4.0 or so if not for their dividends which were in reality a cash distribution to the insiders who before selling out owned 65%+ of the total outstanding shares. The last two dividends were basically cleaning out the cash coffers, they had to borrow to pay the last one.
4. They may or may distribute some dividends in the future.
Anyway barring a major decline in the market, the stock will probably drop to and trade in the $4.00 to $5.00 range in investor hopes of another dividend. If investors lose confidence in another dividend look for the stock to drop below $4.00
At this point there is very little reason (possibility of being acquired by one of the bigger CAD/CAM companies being the only reason) to own this stock unless you are trading it. There still is enough trading volume and price volatility in CIMT to make it a decent trading vehicle in small dollar amounts.
Good luck to all.
M&A Activity Jumps As 3D Printing Market Hits Stride
By JAMES DETAR, INVESTOR'S BUSINESS DAILY
Posted 02:02 PM ET
The Next Big Thing in technology seems to be arriving almost everywhere: affordable electric cars, compact nuclear power plants, wearable computing devices ...
In manufacturing, the game-changing advance appears to be in devices called three-dimensional printers.
"Remember when we said there'd be a PC on every desktop? How about this — a factory on every desktop!" wrote Shanen Boettcher, manager of Microsoft's (MSFT) Startup Business Group, in a recent blog post.
Various items made by a 3D printer at RCBI Advanced Flexible Manufacturing in South Charleston, W.Va. 3D printer makers are rapidly increasing the...
Various items made by a 3D printer at RCBI Advanced Flexible Manufacturing in South Charleston, W.Va. 3D printer makers are rapidly increasing the... View Enlarged Image
Microsoft, Amazon (AMZN) and Staples (SPLS) are just a few of the big companies that recently jumped on the 3D printing train. Amazon and Staples retail the devices. Microsoft, at a developers' conference on June 26, said its new Windows 8.1 operating system, due out later this year, will support 3D printers.
Boettcher blogged that making 3D objects is as easy as printing a document. He noted some market analysts predict the global 3D printing market will reach $3.1 billion by 2016. More at IBD