Its deadly to trade in an era dominated by computer Algos. They take your money, steal your wife, sell your children into slavery. Computer Algos are especially busy post earnings, when a stock attracts attention. Best to wait for volume to dry up for multiple days before attempting to take a position. Otherwise, you get whipped around. LMIA is now just a play toy of computers gunning against each other. Thats my best guess as to what's going on here right now.
Time Warner. And all other browsing with my desktop top is working without flaw.
On ATT site, can browse just fine in checking current acct status, usage, et al. But, try to upgrade handsets, change service, add lines, et al .... total disaster. Again, blank screens, dead-ends, conflicting information. It's a mess. Simply gave up.
Tried using the ATT website today to upgrade service and phones. Talking about a total disaster. Blank screens, dead ends, conflicting and confusing information, unbelievably slow browsing. Honest to gosh, has the ATT information technology organization been taken over by the US Government Health Care people?
D3 has to be the biggest #$%$ of all time. What a total waste of shareholder wealth. 175 Engineers farmed out to BA at beginning of year. 60 in August, where Ron thought would level out. Down to 27 now. Down to zero by YE. Wow, speaks volumes about the LMIA relationship with BA.
It's worse. To hang on to some of these people, LMIA is trying to absorb them into internal operations. Can you imagine all the travel and relocation costs being absorbed now? Who in their right mind would have thought it wise to buy a consulting/services company that services a highly concentrated industry, where the vast majority of the potential customers are your competitors? My god, the stupidity of this acquisition is absolutely stunning.
Why is Ron still employed? Why are any directors who approved this acquisition not shamed off the BOD?
I'm going to pass around my hat the last week of December. Everyone throw in pocket change and I'll use it to buy out LMIA. It'll be a penny stock by then, so it should be an easy deal.
First order of business after closing the acquisition? ... Sh*t can Ron. He's got to be the most idiotic CEO I've ever witnessed.
Next quarter's report will be more miserable. And soon, we get into concerns as to whether these clowns will be able to pay back the debt they took on to make the latest junk acquisition.
Honestly, why does Ron still have a job? If the BOD had any credibility, they'd have given him the boot before putting out these results.
Actually, I'm shocked that the stock price is holding double digits right now.
Yes. Anticipate heavy tax loss selling may provide a bounce trade opportunity. Especially strong possibility if we can heavy selling next week after earnings results. Still think single digits possible before year-end.
I first discovered this piece of garbage company back in the early 2000s, at $7 a share. Round trip time. That's what happens when you have a CEO who acquires garbage, with ZERO synergies, and massively overpays.
Who in their right mind thinks an design firm serving a highly cyclical industry is a good fit for a manufacturing operation? Especially when the design firm has revenue streams from the manufacturer's competitors.
What about this piece of junk manufacturing consulting operation Ron bought years ago? Yet another terrible acquisition. You simply don't buy businesses that do business with your competitors.
Ron is an idiot when it comes to acquisitions. And LMIA shareholders are paying the price.
This stock is going back to $7, soon.
In case you missed the signal, everything you read in yesterday's releases signaled a company rapidly executing on a survival mode strategy. Companies trying to survive don't report good earnings. So, if you expect a rosy outcome on Monday, then obviously you either can't read, or you're terrible at picking up signals.
LMIA is headed into the single digits, soon.
I bailed on all the news just out. I've seen this movie before. The upcoming results will be far worse than anyone can imagine. And any turnaround is years in the making.
For the life of me, I will never understand what goes through Ron's mind when he thinks M&A. He buys cr*p, and massively overpays. It's a shocker that this company hasn't gone down the tubes as a result. But, there's still time.
The stock option take of 20% of profits weren't enough for these pigs. They wanted to pick ANOTHER 20% out of shareholder pockets.
"Contributions charged to operations for the profit sharing plan and matching contributions for the 401(k) plan for fiscal 2013, 2012 and 2011, were $227,581, $344,251 and $239,463, respectively."
Pigs at the trough: "Included in selling and administrative cost was non-cash stock option compensation expense of $247,000, $198,000 and $205,000 in fiscal 2013, 2012 and fiscal 2011, respectively. "
So, $650 K in executive bonuses over a 3 year period where only $3 M went to the bottom line? 20% goes to mgt? For what? Terrible financial performance? Pay for pathetic performance. Right. Got it.
Built this big, bad new plant addition. Then, bought tons of new equipment, just so customers could outsource biz away to lower wage countries:
"Sales in the Company’s energy business were down 27% in fiscal 2013 as compared to fiscal 2012. The Company had three main customers in their energy business in fiscal 2013, one of which was new that generated over $750,000 in sales. It is unclear to the Company how repetitive this business will be and what level of sales there could be, if any, in future periods. The Company’s other two main customers engage in providing equipment to the oil and gas shale fracturing (“fracking”) sector as well as the oil field equipment industry. Sales in fiscal 2013 for both segments were down, with the decreases in the fracking business due to lower levels of demand from the Company’s customer, while the oilfield segment customer decrease in the level of business appears to be related to the customer outsourcing certain components to other countries. "
In May 2018, operating costs are going to sky rocket:
"The new mortgage with its bank was for $4.2 million, carries an interest rate of 2.843%, requires monthly payments of $22,964 based on a 20 year amortization schedule and matures on May 8, 2018."
One or two customers walk, and this company is belly up:
"In fiscal years 2013, 2012 and 2011, one customer in the recreational vehicle market accounted for 70%, 62% and 67% of our revenue, respectively. In addition, in fiscal years 2013, 2012 and 2011, the Company had two customers in the energy industry accounting for 19%, 31%, and 23% of our sales, respectively."
I'm tired of hearing all the chest pounding about diversifying the company's biz. Reality? It isn't happening. Period. So, shut up about it.
"Sales to the recreational powersports vehicle market totaled approximately 70%, 62% and 68% of total sales in fiscal 2013, 2012 and 2011, respectively."
Please fire the idiot who was responsible for changing the format of the stock message boards. It was a major step backwards. It's an absolutely miserable experience trying to navigate these boards now. Worse, its almost impossible to use the Yahoo stock boards on THE most popular tablet on the mkt .. iPad.
Do yourself a massive favor, give the idiot responsible for the stock message board format his walking papers.