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U.S. Concrete, Inc. Message Board

daninfw04 245 posts  |  Last Activity: 9 hours ago Member since: Mar 23, 2004
  • daninfw04 by daninfw04 Jan 26, 2016 7:21 PM Flag

    Blackrock just filed today that they went from 1,648,090 shares to 3,427, 352 shares in Q4. They added almost 1.8 million shares. I still expect EVC to hit around $6.90+/- on any weakness. Holding 20,000 and plan to build up to 100,000+ shares. GLTA DaninFW

  • daninfw04 by daninfw04 Jan 26, 2016 4:34 PM Flag

    Blackrock, the largest HOV holder, just reported they added over 4.8 million more shares in Q4. Keep listening to Homeseek instead of the smart money. Daninfw

    Sentiment: Strong Buy

  • Reply to

    Sunday Thoughts

    by daninfw04 Jan 24, 2016 12:29 PM
    daninfw04 daninfw04 Jan 24, 2016 8:48 PM Flag

    I was trying to be nice. Quite evident you are one of whom I was speaking. I made that amount and much the same in previous years because I know how to read a balance sheet, reports, etc. to find undervalued assets. Which is why I have done so well. You actually answered my question quite well and proved it was wrong. Using old report without applying cost savings benefits from last two major endeavors since Q3 has dramatically changed your old information. When price of oil gets above $50+|- SDOC will be marginally profitable. At $60 and $1 billion in debt removed this is a 10-20 bagger. You shouldn't be wasting your time on a 7 cent stock if you think it's going to zero....... Daninfw Thanks for playing.

  • Reply to

    Sunday Thoughts

    by daninfw04 Jan 24, 2016 12:29 PM
    daninfw04 daninfw04 Jan 24, 2016 4:22 PM Flag

    Client9-------I have often disagreed with you but you have been right on most of the time on SD. Many just spout garbage and have been right by virtue of the fact that oil went far lower than many thought. At this point no question that SD has a great chance of bankruptcy but IMVHO there is a 20-30% chance they can pull it off with the large cash hoard they have........if and only if they can reduce debt $1 billion+ at least. That alone would save them $75-80 million a year in interest along with what they accomplished Friday. By your calculations what price would oil and NG have to be in that scenario for SD to be profitable? Understand, I am risking 1% of my assets to become 5-10% of my assets. I can well afford the loss. I made over $1.5 million in the market last year even writing off over $200K on SD. I am old school and often went long on O&G when the market went the other way. I always hedged. If I made 20-30% on other investments I didn't worry about losing in O&G 5%+/- if that made any sense. Always worked for me. Made a fortune last year in broadcast stocks, USCR warrants and PBY's when they got bought out. Thoughts please. DaninFW

  • Reply to

    Sunday Thoughts

    by daninfw04 Jan 24, 2016 12:29 PM
    daninfw04 daninfw04 Jan 24, 2016 12:42 PM Flag

    Hard to type on an I-Phone. Sorry for typos. I'll be brief. All kind of possibilities for dramatically reducing debt. They could give $100 cash per bond plus stock valued at 25 cents a share and for $100-200 million in cash they cod take $1-2 BILLION in debt off the balance sheet. Then, a reverse split would be on order. Sure, current bondholders get diluted but the stock price would pop. Then as oil prices recover this could be a monumental 10-20X bagger at least. Again, high risk high reward. I plan to put less than 1% of my assets into this and hope to recover 2015 losses. 1% is nothing if you figure you can make those kind of returns. GLTA DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 24, 2016 12:29 PM Flag

    I haven't posted here for several months and very little before that. I have posted for well over 20 years on Yahoo and post on several other boards. I don't post here because of so many lunatics. But, I did want to share some thoughts. Many of us got sucked up into SD now SDOC Cooperman hyped it and we drank the Kool-Aid. If oil had stayed at $100 we would be having a different conversation and breaking our hands patting ourselves on the back. I have dad about a 90% success rate on stocks I recommended for past 20+ years. My only losers in last 5+ years has been SD, DPTR and XIDEQ. Two were oil companies. EPA shut down XIDEQ right in the middle of a strong turnaround. All my dozens of others have been winners. I sold SD for well over a 90% loss last few months. But, I have started buying back and plan to add a bunch after 1-28-16 when I get past the white wash rule. The announcement Friday tells me they don't plan bankruptcy. I will once again add as I always said on DPTR and SD. They were and are high risk high rewards investments.
    I suspect the deal announced Friday was something the unsecured bondholders wanted to see happen before they agreed to an exchange. If you take the closing prices of the four bonds due from 1-15-20 to 2-15-23 and look at their closing price on Friday 1-22-16 you will find that the value of $2.226 BILLION in bonds are valued at just $103.59 MILLION. The, we have the other two bond issues due from 10-16-22 to 2-16-23 for a total of $451 MILLION outstanding. The last two times they traded were 10-22-15 and 10-26-15 respectively. They traded at 24 and 25.32 cents on the dollar over 3 months ago. I suspect they would trade at well under 10 cents on the dollar like the other four. You can do the math but the currently $2.677 BILLION in unsecured debt has a street value of less than $150 million. IMVHO we can expect a bond swap of some great magnitude very soon at a very steep discount. Bennett now has the leverage. I will continue...DaninFW

  • Reply to

    Homeseek Says Housing Is Dead

    by daninfw04 Jan 22, 2016 11:37 AM
    daninfw04 daninfw04 Jan 22, 2016 2:09 PM Flag

    There actually is intelligence out there.......Homeseek was making me doubt it. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Homeseek Says Housing Is Dead

    by daninfw04 Jan 22, 2016 11:37 AM
    daninfw04 daninfw04 Jan 22, 2016 1:16 PM Flag

    HOV has done the same with several properties mothballed for almost a decade. They will be converted to cash now. Homeseek did it again. Talked about numbers evening out. How do they even out when 2015 was best year for homebuilders since 2007? Again, more garbage about wages. They grew 2.5% last year. I guess people are buying houses with fairy dust if you believe Homeseek. Typical garbage response. DaninFW

    Sentiment: Strong Buy

  • Can't wait to see how Homeseek explains away the largest increase in existing home sales in HISTORY. That sure tells me the sector is dead. Nobody buying any houses right? Oh yea, that was with rates going up. It took me a while to type this as I couldn't stop laughing. Can't wait to hear how all those burger flippers are buying houses. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 21, 2016 5:02 PM Flag

    The "poor" housing starts and permit numbers that crashed the sector a few days ago were down about 2.5% from the previous month November.......which had been up double digits. Several analysts project a big jump in January because of a "slower" November. All numbers well above last year. Tomorrow morning we get existing home sales report and the new home sales report next Wednesday, 1-27-16. I think the numbers tomorrow could be poor relative to previous month. But, I expect new home sales to be up nicely. Here's a statement from someone that knows what's going on:
    "For this year, the NAHB is forecasting 1.26 million total housing starts, up 13.4 percent from 1.11 million last year. The 2015 figures were up 10.8 percent over the previous year and represent the best showing since 2007 as the housing market headed toward a crash.

    Single-family production is expected to reach 840,000 units this year, a 17.5 percent increase from this year's 715,000 and a 10.4 percent increase from 2014.

    A healthy level of single-family starts is about 1.34 million a year.

    The NAHB expects single-family starts to rise from 55 percent of normal production at the end of the third quarter of 2015 to 87 percent of normal by the end of 2017.

    On the multifamily side, the NAHB is anticipating 417,000 starts in 2016, up about 5 percent from last year.

    Frank Nothaft, chief economist of CoreLogic, said "cheap to low" mortgage rates will help buyers.

    Nothaft expects overall home sales to rise 4 to 5 percent this year, led by a 13 percent gain for new home sales." DaninFW

    Sentiment: Strong Buy

  • Reply to

    Today

    by daninfw04 Jan 20, 2016 2:35 PM
    daninfw04 daninfw04 Jan 21, 2016 10:32 AM Flag

    I agree. However, I think other than beating their revenue and EPS numbers, which I think most expect to beat........all eyes will be on cash position and end of Q1. When a company like HOV is being held back because of excessive debt load everyone is watching cash and cash burn. I think if they really hit or exceed their revenue numbers there will be far more cash than expected. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 20, 2016 4:57 PM Flag

    We have a new idiot on the board spouting bankruptcy again........who has never posted under that id ever till today. That tells you something. How many id's does he/she have? Anyone that knows anything about bankruptcy knows that you save all the cash you can right before you file bankruptcy in order to survive during that transition. HOV would not have paid off over $170 million in bonds last Friday if they planned on doing it anytime soon. Such loonies. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 20, 2016 2:35 PM Flag

    Last few days have been brutal for just about everything. I put an order in to buy 200,000 more HOV this morning when it hit $1.20 and didn't get a single share. The 1-15-16 bonds are behind us. On 5-15-16 there are the $86.5 million bonds due paying 7.5% and then on 1-15-17 we have the 8.625% amount $121.059 million due. Nothing else till 12-01-17 when just $100 million at 6% come due. The last one is 22+ months away.
    HOV now selling at a 2017 PE of 2-3. Insane. We can't call the bottom because this thing is so easy to manipulate but when it breaks out........watch out. There is actually zero support below the current price but anyone selling below $1.20 will lose money. Next resistance is $1.49+/- 6 cents and it is only single resistance strength 8. Highest possible resistance is triple resistance and strength 10. So, once we get any momentum we should quickly pop above that level. The second resistance is $1.63+/- 6 cents but triple resistance strength 10. Going to be a big winner in 2016 and even bigger in 2017. GLTA DaninFW

    Sentiment: Strong Buy

  • Reply to

    GOOD CALL DAN

    by olivercromwell258 Jan 20, 2016 2:24 PM
    daninfw04 daninfw04 Jan 20, 2016 2:26 PM Flag

    Thanks. EVC might dip a little but it's spectrum is worth as much or more as current stock price. Have to wait till October 2016 +/- to see how much they get. Auction 3-29-16. GLTA DaninFW

  • Reply to

    Insider Disposal of Shares - Thoughts?

    by tronolonemichael Jan 20, 2016 9:29 AM
    daninfw04 daninfw04 Jan 20, 2016 10:19 AM Flag

    Again, just posting with no research. Stock for four insiders was sold for taxes (withholding) for option grants on restricted stock. If all four sold at the exact same time it would be considered manipulation and criminal. It was a forced sale. DaninFW

    Sentiment: Strong Buy

  • Reply to

    It"s MARKET sentiment

    by olivercromwell258 Jan 19, 2016 3:55 PM
    daninfw04 daninfw04 Jan 19, 2016 5:21 PM Flag

    I meant to say I put a stopper in the sink. The market maker today took out a lot of stops as well. That's why I never use stop/loss orders. DaninFW

    Sentiment: Strong Buy

  • Reply to

    It"s MARKET sentiment

    by olivercromwell258 Jan 19, 2016 3:55 PM
    daninfw04 daninfw04 Jan 19, 2016 5:03 PM Flag

    It's not fun watching your hard earned money go down the drain. That's why I put a stopped in the sink........I have been right on most of my investments for over 20 years. The record is at least 90%. I don't worry about a stock dropping after I buy it. I never buy a stock unless I have watched and researched for at least 6 months and usually at least a year so I understand how news affects a stock, how the market affects it, cycles, seasons, etc. I don't buy until I think it's a steal. Then, if it drops more, my attitude is it's a gift. I am only holding HOV at present and almost added today again. I am holding just 20,000 EVC and I consider $6.90+/- a great entry on EVC as well. I will build up to 100,000-150,000 shares on EVC before the spectrum auction.
    HOV got a double whammy again today. Besides the overall market we had builder sentiment come in at 60 with expect of 61 which really spooked the sector. I would much rather see HOV go up than down but these prices will be a dream in a few months. Posters like Homeseek always tries to glorify himself. Sure, he called another low on HOV but the last two times it hit new lows it went above $2 again very shortly after. Too bad for those that didn't buy and miss a chance to make 50%+/- on their money. I am not selling for a 50% profit. I want a double or triple at least. GLTA. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Market up, builders up, Hov down

    by homeseek Jan 19, 2016 11:50 AM
    daninfw04 daninfw04 Jan 19, 2016 12:06 PM Flag

    You continue to show how little you know. Russell 2000 has been down all day. I also think HOV could drop some more but not on fundamentals that are improving but because of market and housing sector. Three more housing stocks have hit new 52 week lows already today......but not HOV. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Presentation Today

    by daninfw04 Jan 18, 2016 6:07 PM
    daninfw04 daninfw04 Jan 19, 2016 9:15 AM Flag

    I sent you a private response. DaninFW

  • daninfw04 by daninfw04 Jan 18, 2016 6:07 PM Flag

    When I read this morning that EVC was doing a presentation at the Noble Financial Conference I just started laughing. These clowns did it again. No prior notice that they were presenting to shareholders or other interested investors. A press release would have been nice a few days or week or so ago. Some big name investors could have scheduled to come. Then, we find that we could not listen to the presentation live......and then found out we have to wait four days on Friday morning, 1-22-16, to listen to it. Those that attended the presentation have an advantage over everyone else in the event the CFO announced anything substantial like a retrans deal (finally) with Univision, current sales projections or revenues for Q4 which are now 100% in the bank, projections for Q1, any new tower deals.......I could go on. And the CFO might have reiterated that he expects very little political if it boils down to Clinton and Trump.........like he did last presentation. The thing that really gets me is they are focusing on growing the digital and mobile side of the business.......yet they can't put a presentation on their company website till four days after the fact. Oh yea, they can even do a presentation on a national holiday but not figure out how to let us hear it? I guess the only competent person at EVC that can do that is on vacation till Friday. What a joke.
    Now, again, absolute proof these guys need to sell 100% of their spectrum and get out of the business. EVC is worth more dead than alive. I will be buying on any further weakness just for spectrum. It's a shame this company could really have been a winner except for incompetent management. Tomorrow when EVC starts trading we may get an indication of what the CFO told a very select few. They say early news is good news and late news is bad news........hhhhmmmmmmm. DaninFW

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