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U.S. Concrete, Inc. Message Board

daninfw04 474 posts  |  Last Activity: 13 hours ago Member since: Mar 23, 2004
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  • Reply to

    $20 Million Debt Prepayment

    by parisite76 Dec 30, 2014 11:34 AM
    daninfw04 daninfw04 Dec 30, 2014 12:25 PM Flag

    The banks are calling the shots. They have said in presentations that they are limited by bank covenants on amount they can repurchase, etc. The more they pay debt down the more options later. The savings of $800,000 a year in interest adds a penny a share EPS.DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Dec 30, 2014 3:21 PM Flag

    I don't know what's wrong with Yahoo, fourth time to post this. The $20 million debt repayment also bodes well for Q4 report. The CFO has said the last 2 presentations that they hoped to pay "as much" as $20 million down on debt. Paying the max amount says to me they did as good or better than projections. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Dec 31, 2014 9:50 AM Flag

    Just wanted to wish all a healthy and prosperous New Year. DaninFW

  • daninfw04 by daninfw04 Jan 1, 2015 11:16 AM Flag

    I posted a long prediction for EVC yesterday......twice and both got deleted. I'll try again later. I just looked at "Market Pulse" under news section for Yahoo for EVC on the first page. There are at least 3-4 tweeters that are posting tweets almost daily about EVC. One has over 200 followers. Looks like most are positive with exception of one. Might be some of the cause for interest in EVC right now. I've looked at this area before and usually the tweets are months old. Almost daily activity now. JMHO. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 1, 2015 11:58 AM Flag

    Noticed SBSA was up 23.40% yesterday. I think valueinvestor speculated some months back that EVC might end up managing their business. They are up for delisiting. Just odd it would pop with no news. DaninFW

    Sentiment: Strong Buy

  • Just a few random thoughts, projections and opinions. EVC management needs to make some noise about their task force findings and what they plan to do to maximize their spectrum assets. Wedbush said their spectrum was only worth $400 million and only gave them credit for $200 million in their $7 projection where they also didn't project FCF correctly. Where do they find these idiots? The CFO said last presentation their spectrum was worth $1 to $2 billion and that was before the auction that is now at four times the original projections and not done yet. That's only 5 to 10 times more than Wedbush projected and 10-20 times more based on current auction results. EVC is worth more dead than alive. If management doesn't get off their duffs someone is going to steal this company very cheap. They need to come out and announce some findings, not specifics as they don't want to show their full hand, but enough to let the market know they are going to capitalize on this windfall. If they don't get the stock price up to $10+ pretty quick someone is going to make a lowball bid. There is literally billions on the table here. Smart money is already drooling. The big buyer took some time off because EVC was overheated and technically overbought based on metrics.....not spectrum value. I remember when Kirk Kerkorian bought MGM in the 1970's when it was a casino with a film library. He realized that the film library was worth many times the value of the company. Stock went from $7 to $35 in a couple of months when he sold the film library This is the same story with EVC. Either management can start making some noise or someone like KK will do it for them. They own millions of shares themselves and are going to leave a lot on the table. Smart money is buying EVC. Bet on it. I am back from trading to holding again. I see at least a few dollars pop in the not too distant future. I could paint dozens of scenarios. One will happen. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Prognostications for 2015

    by daninfw04 Jan 1, 2015 12:12 PM
    daninfw04 daninfw04 Jan 1, 2015 1:41 PM Flag

    We have hit $6.40 twice and $6.41 once after sell offs. Looks like a great support level but if we ever drop below $6.40 it may be very concerning. I still believe EVC will get taken out perhaps by management even or a competitor. A competitor operating in some of the same markets would be a great fit as they could sell spectrum for one station and combine with the other. EVC also operates two stations in several markets. It's a shame EVC chose digital instead of buying other stations to grow. The old UHF channels owned by EVC that were once thought to be the worst possible assets are now the solid gold assets. The next currently scheduled EVC presentation isn't till March 9-11 which is just after Q4 report. I believe the auction getting pushed back will only make spectrum worth more. There are two schools of thought.....1) those that are dumping EVC because the auction got postponed and 2) those that are thinking WOW! Now I have time to accumulate EVC stock cheap. Those that have shorted this stock are going to get nuked real bad. There will be a catalyst soon. I have watched EVC very close the last few days and even with no big buyer, EVC goes up on large buying and then drops a penny on just a 100 shares. I saw it run up 10 cents on about 50,000 shares buying and down 10 cents on just a couple thousand shares selling. The float is drying up. If we get a big buyer back or again and this thing trades a million shares or so we will quickly pop to $8 IMVHO. If the shorts get spooked it will add even more fuel to the fire. I still don't think the company has been buying. If you listen to the last 2-3 presentations, the CFO has said they were limited to about $10 million a year in stock repurchase per bank covenants. I suspect the second $10 million could start tomorrow. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Prognostications for 2015

    by daninfw04 Jan 1, 2015 12:12 PM
    daninfw04 daninfw04 Jan 1, 2015 4:01 PM Flag

    I don't like current market and anything is possible. However, spectrum at EVC was worth $11-22 per share before current auction. Somebody is going to capitalize on that sooner than later. Very few if any believe that hence the disparity in price. It will be time to load up on EVC on any weakness. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Dan

    by rockysim Jan 1, 2015 9:24 PM
    daninfw04 daninfw04 Jan 2, 2015 8:44 AM Flag

    Thanks and the same to you and yours. Dan

  • daninfw04 by daninfw04 Jan 2, 2015 8:56 AM Flag

    It's about time.........
    Sterne Agee Starts U.S. Concrete (USCR) at Buy
    8:00 AM ET, 01/02/2015 - StreetInsider

    Sterne Agee initiated coverage on U.S. Concrete (NASDAQ: USCR) with a Buy rating and a price target of $39.00. For an analyst ratings summary and ratings history on U.S. Concrete click here. For more ratings news on U.S. Concrete click here. Shares of U.S. Concrete closed at $28.45 yesterday.

    Sentiment: Strong Buy

  • Reply to

    Rockin and Rollin

    by joeschmo_4 Jan 2, 2015 11:04 AM
    daninfw04 daninfw04 Jan 2, 2015 11:26 AM Flag

    I still think we will see $7 before $6.......trading today 100% different than past week or so. If spectrum is only worth 25% of implied value based on current auction results........that's still well over a billion dollars or $11 a share........patience. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Rockin and Rollin

    by joeschmo_4 Jan 2, 2015 11:04 AM
    daninfw04 daninfw04 Jan 2, 2015 12:34 PM Flag

    True. Both my sons and son-in-law manage money for Wall Street firms. All 3 have been on vacation past two weeks and go back Monday......DaninFW

    Sentiment: Strong Buy

  • Well, the big buyer finally got a call while on vacation wanting to know if he wanted some cheap EVC and free spectrum.........DaninFW

    Sentiment: Strong Buy

  • Reply to

    Big Buyer Got the Call

    by daninfw04 Jan 2, 2015 1:05 PM
    daninfw04 daninfw04 Jan 2, 2015 1:52 PM Flag

    Well, I see lyingmonger is back again.......

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jan 2, 2015 2:52 PM Flag

    Interesting we started turning around after stocktrader1234 tweeted he was long EVC all of 2015 just under two hours ago......DaninFW

    Sentiment: Strong Buy

  • Reply to

    Big Buyer Got the Call

    by daninfw04 Jan 2, 2015 1:05 PM
    daninfw04 daninfw04 Jan 2, 2015 3:34 PM Flag

    We went from $6.32 when he started buying to $6.49..........still real low volume. The close will be interesting. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Big Buyer Got the Call

    by daninfw04 Jan 2, 2015 1:05 PM
    daninfw04 daninfw04 Jan 2, 2015 3:39 PM Flag

    The real issue is where we would be if a big buyer had not returned. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Tweet

    by daninfw04 Jan 2, 2015 2:52 PM
    daninfw04 daninfw04 Jan 3, 2015 3:59 PM Flag

    Just good to know either lyingmonger or contranut are back. One if not both are biting at the chomps to post something. I hope they are not holding their breath. I think within 90 days EVC will be $8-9 and in play in some form or fashion. Daily movements will be volatile but someone is putting it back. DaninFW

    Sentiment: Strong Buy

  • I just wanted to translate what he really said:
    "EVC is primarily running Hispanic tv stations and generating Free Cash Flow of $65-70 million a year. This past year we paid $9 million in dividends, are going to pay down $20 million in debt, bought back $10 million in stock and plan to buy another $10 million in next few months. We also happened to buy the #1 Spanish Language digital and mobile operator for about $18 million we also paid cash from........we also spent another $8-10 million for capital improvements but who's counting? We did all this and now owe $20 million less than last year.
    Next year we will save another million in interest expense and increase retrans again.
    Did I mention we have a small problem? We also have $11-22 per share in spectrum assets that telecoms, Google, Microsoft, and Apple and others are drooling over..........NEWS FLASH! Just reviewed latest auction results and our spectrum is now worth $22-44 per share. Our problem now is do we stay in radio, digital and mobile and let go all of out tv assets so we can give shareholders $15 to $30 in cash? Or do we combine stations, sell non strategic Univision stations and keep generating $70 million+ free cash flow and only give shareholders $10-20 in cash? We just don't know what to do.......if we don't figure this out soon someone will for us. Oh by the way, where are those two idiots from Wedbush and Evercore? I sure hope they got the notes from this meeting..........."

    Sentiment: Strong Buy

  • Reply to

    What CFO Said Last Presentation

    by daninfw04 Jan 3, 2015 4:16 PM
    daninfw04 daninfw04 Jan 4, 2015 10:11 AM Flag

    Evercore never even calculated spectrum value and still has a target price of $8 for EVC. How can you have a TP of $8 and the stock be just $6.45 and not have a buy rec? That's just a 24% gain......EVC is worth at least $12-14 if they just sold their non-Univision stations. Is going to be a very interesting 2015. The stock market may go up or down 5,000 points, but the spectrum auction will happen and companies will pay billions for the spectrum. That will not change. Spectrum will only be worth more and more. Yes, there can be lawsuits, politicians can screw with it, etc. hence the volatility. The low power stations are asking for a cut as they are now out of the picture(auction) and the speculators that represent 80 stations just found out they aren't getting as much as they hoped.....or they want more and are trying to get the rules changed. All this adds to uncertainty and volatility. That is why I sometimes say if they just get 25% of current projections it's worth $11 a share just for spectrum. However, it could also end up at $40-50 if current prices and rules prevail. Where else can you be almost guaranteed a double or triple? And even 5-6 times if nothing changes? I don't believe for a minute the smart money won't figure this out. Patience DaninFW

    Sentiment: Strong Buy

USCR
33.39+0.02(+0.06%)Mar 27 4:00 PMEDT