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Hooker Furniture Corp. Message Board

cptnorb 8 posts  |  Last Activity: May 19, 2014 1:10 PM Member since: Dec 19, 2012
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  • Reply to

    TC Share price is behaving badly -

    by dragon_legal_department May 19, 2014 12:17 PM
    cptnorb cptnorb May 19, 2014 1:10 PM Flag

    While I can say, I would have liked to see more of a pop from the news last week, I can also say I appreciate a little more time to accumulate at these low prices.
    Within the year, conservative guidance or not, the FCF from increased moly prices and Mt. Milligan will be impossible to ignore.
    I'm pretty fully leveraged right now, but if I weren't, I'd be looking at the Jan '15 $5 or $4 puts. Sell them today and if you get assigned it's at $2.65 or $2.75 effective share price. You could even sell them, and buy shares with the options premiums to leverage further. If TC is still trading below $5 ($4 more conservatively) by options expiration in January ... well I'd be surprised, let's just say that.
    CN

  • Reply to

    Anyone selling any Puts?

    by markweber348 May 12, 2014 2:51 PM
    cptnorb cptnorb May 12, 2014 6:10 PM Flag

    Last week I sold some Jan 2015 $5 puts and then bought shares with the proceeds. I have some sold June 14 $4 puts that are making me sweat a little now ... hopefully not after the call tomorrow.

    Sentiment: Strong Buy

  • Hi all-
    Been following TC for a couple years now, and happy to see that we've made it through (most of the way) the opening of MM.
    Clearly this earnings report on 5/13 will be huge for the short term, but I'm curious as to what folks are expecting to see in the long term. TC all time high is just shy of $25/sh ... clearly there has been/will be dilution with the TMEDs, etc, but does anyone have a calculation for what this thing will be worth in the long run?
    I think clearly we'll see some short-term pop, after this earnings report, if earnings come in as dragon and ultra have been posting (and thanks, guys, I do appreciate your willingness to share your substantial analysis with us all) ...
    Obviously we're under an overhang of TMED conversions and the need to refi the debt, and metals prices are persnickety to predict even in the short term. But are you thinking

    $10
    $20
    higher?
    Just curious and thanks for any responses.
    Captain Norb

    Sentiment: Strong Buy

  • Hi all-
    I've been buying MTG since before it dropped to $0.66, and have continued buying on the way up. Now that a return to TTM profitability is within sight, I'm pretty confident that as a result we will see some more significant share price increases as a result.
    And ...
    Given MTG's former high was around 10x higher than current share prices, I'm wondering what people are thinking regarding possible share prices for a "recovered" MTG, i.e. once we are out from under the overhang of the mortgage crisis. Obviously there's been some significant dilution, but I'm curious what others are expecting.
    $25?
    $50?
    Thanks in advance.
    Captain Norb

    Sentiment: Strong Buy

  • Reply to

    Grabbing More Now

    by zippideedoodle Dec 18, 2013 10:17 AM
    cptnorb cptnorb Dec 18, 2013 10:54 AM Flag

    I can confirm (because I am an AAII member, which I recommend to everyone) that ADUS was sold from their model portfolio, and some of the proceeds were used to purchase FVE. This portfolio change was announced over the weekend. I was expecting some selloff as people update their positions but this is bigger than I was expecting.
    Once everyone gets out I would expect this to resume the upward trend ... most of the stocks in the AAII portfolio continue to do well even after the portfolio sells them.

    Sentiment: Buy

  • cptnorb cptnorb Dec 9, 2013 9:21 PM Flag

    Hey Rivvir-
    The 60 votes was the "new" rule in 1975, down from 75%. The 75% was a rule introduced by Aaron Burr as Jefferson's VP … and it is only a Senate rule, not a Constitutional provision or anything else.

    I think much to the detriment of the Senate, the 1975 rule change allowed for silent filibusters, where the prior rule required a senator to actually appear on the senate floor and speak. I think both parties would be much less prone to filibuster if they had to actually be there and speak round the clock to maintain their filibuster.
    C

    Sentiment: Strong Buy

  • Reply to

    can't buy any more until next year :-(

    by lightdoesnotage Nov 26, 2013 9:44 AM
    cptnorb cptnorb Nov 26, 2013 12:20 PM Flag

    Except for me! No dry powder so I sold some June '14 $4 puts for $1.53. I think it's unlikely I'll get assigned, but even if I do, locking in 1300 shares at ~$2.47 ... I'll take it.

    Sentiment: Buy

  • Reply to

    Panic selling.

    by du4sloop Nov 7, 2013 3:30 PM
    cptnorb cptnorb Nov 7, 2013 3:45 PM Flag

    Yep, had been sitting on last month's IRA contribution, so I picked up some more shares today at a bargain!

    Sentiment: Strong Buy

HOFT
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