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LMI Aerospace Inc. Message Board

cpa38 15 posts  |  Last Activity: Mar 26, 2014 11:36 AM Member since: Mar 17, 2000
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  • Feel like MGIC wiped its feet all over your face in that $8.50 secondary? Oh well, you'll know better next time. Israeli companies always treat their shareholders like doormats. Now you know. Don't act like a doormat in the future.

  • cpa38 by cpa38 Mar 20, 2014 10:09 AM Flag

    Fact that this stock is hanging tough in the face of such miserable news makes me think there's positive information out there that some people know, the rest of us don't. Because we sure didn't hear ANYTHING positive on that conference call. And this company is in debt past its eyeballs, with little to nothing to look forward to in the way of a turnaround anytime soon. Maybe a big piece of new work? Maybe an offer to buy the whole company that acts as a floor to the stock price? There's something out there, because there is no way this junk company's stock should be in the double digits. NO WAY.

  • LMI Aerospace (LMIA): Q4 EPS of #$%$31 may not be comparable to consensus of $0.04.

  • cpa38 by cpa38 Mar 18, 2014 7:28 AM Flag

    Lawsuits. Most of what you heard in the conference call yesterday was lies. Ron overpaid for the latest acquisition because there was fraud, and he was just plain stupid, regardless of assurances otherwise. The sellers lied. Rob did inadequate due diligence. And this latest acquisition topped all the other stupid acquisitions he's ever made. LMIA will sue the sellers, and shareholders will sue LMIA. It will be a mess.

    Then

    Debt problems. The acquisition debt is massive. The cash flow is not there next year, and future years, to carry the debt. So, the debt holders will be calling all the shots going forward.

    Equity dilution. Ron lied when saying the way out was an equity raise once profits recover. Profits will not recover. The debt's too big. The squeeze being put on margins by BA will hurt too much. LMIAs profits will never recover enough to raise equity. And if they do it anyway, the dilution to current shareholders will be massive. This stock is going lower.

    Bottom line.

    You're a fool to own this stock. If LMIA even survives, it will be 4 or 5 years before LMIA equity has a shot at returning more than the avg equity.

    The only way out is for LMIA to sell itself. And with all it's problems, and debt, no one will touch it anytime soon.

    Just one man's opinion. But I've been in and out of this stock for well over a decade. Know it, and it's mgt well.

    Ron really messed up. Terribly. And it's absolutely stunning and shameful that he remains on the BOD. This man needs to be sent packing. Permanently.

  • This company is going nowhere. It will eventually be sold, at a price lower than where the stock trades now. This new CEO - a loser.

    The final nail in the coffin of LMIA was the BOD's failure to appoint the former CFO to the CEO role. Ed should be the CEO of LMIA. Under his leadership, LMIA stood a chance. Now? I wouldn't touch this piece of junk with a 10 foot pole.

    The damage that RON has done to shareholders is immense. This man has made some of the dumbest acquisitions ever.

  • Reply to

    What a disaster ... 5 points

    by cpa38 Feb 26, 2014 9:07 AM
    cpa38 cpa38 Mar 17, 2014 10:13 AM Flag

    Honest to god, investors are brain dead. This stock does not deserve to trade in the double digits.

  • She's getting beaten like Obama in Ukraine. What's going on? They have programmers based in Kiev or something?

    Mgt really pasted the buyers of the secondary. But, that's normal for an Israeli company. They use their shareholders as door mats.

  • Nice job getting into Ukrainian bonds.

    Idiots.

  • Get rid of the idiot CFO. Hire someone with street experience, who knows how to conduct an earnings conference call, someone who speaks in great detail and actually answers questions.

    Nice start on the CEO though. Just keep going until you've cleaned house of all the weaklings on the last earnings call, which was just about everyone.

  • cpa38 by cpa38 Feb 28, 2014 4:45 PM Flag

    Here's an idea for you to consider on the next conference call .... SPEAK ENGLISH.

    Honest to god Bo, read the conference call transcripts. You make absolutely no sense what so ever. Disjointed jargon. I had to laugh and shake my head at the stupidity.

    ENGLISH Bo. ENGLISH.

  • Reply to

    What a disaster ... 5 points

    by cpa38 Feb 26, 2014 9:07 AM
    cpa38 cpa38 Feb 26, 2014 1:35 PM Flag

    Airbus news is lifting the entire industry today. Give it a little more time, and one or two more earnings announcements, then this POS will finally get flushed into the sewer.

    Imagine how much better off LMIA shareholders would be now if Ron had not worked over the last decade. The mkt cap would likely have sprinted well beyond $1 B by now.

  • 1. Ron should have been fired more than a decade ago. His capital allocation skills rival that of a circus clown. His terrible acquisitions have destroyed so much potential here that its an unbelievable travesty. Ron should do his shareholders a huge favor by resigning from the BOD and cutting all ties with the company.

    2. Dickinson should have been appointed CEO. If not for him, this would be a $2 stock right now.

    3. If not Dickinson as CEO, then LMIA should have been sold. The fact that it wasn't makes me wonder if they tried but could not find a single party, including private equity, that was interested in buying this dog.

    4. The timing of a new CEO is a signal that upcoming earnings will absolutely STINK UP THE JOINT. You'd be insane to hold this stock through earnings.

    5. There is significantly more turmoil on the horizon. It will be a long, long time before LMIA can be owned again.

  • cpa38 by cpa38 Feb 14, 2014 2:03 PM Flag

    Direct competitors to LMIA ... TGI and DCO. TGI announced terrible earnings recently and that stock has been punished badly. Yesterday, DCO announced a huge hit to P&L and it's getting clobbered today.

    How? How in the world is LMIA hanging in there at $14? You know another round or two of miserable financial results are coming for this dog of a company. And you know that the stock will be brutally punished. So, why are you holding this thing? That's what you need to be asking yourself if you're long LMIA.

    The coming quarterly announcement will be miserable, with a capital M.

  • New to this company. Just finished reading the latest conference call transcript. One important observation here ... the CFO is weak, pathetic. His responses to questions on the call often made little to no sense. He talks in highly general terms. This man DOES NOT have a grasp on the details of the operations of this business. For god's sake, hire a decent CFO.

  • I am new to looking at this company. I just finished reading the earnings call transcript from the last call. My god, when did public companies start hiring space cadets as a CFO? This company's CFO is absolutely pathetic. I'm taking a pass on investment, until they hire decent leadership.

LMIA
13.54-0.23(-1.67%)Apr 24 4:00 PMEDT

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