U.S. Concrete, Inc. Message Board
-
Total Shares Held: 282 404,210,566
New Positions: 34 27,819,865
Increased Positions: 111 52,032,545
Decreased Positions: 128 46,303,430
Holders With Activity: 239 98,335,975
Sold Out Positions: 45 10,469,166
These are actual totals for all institutional and fund trading for Q1 ending 3-31-13. As you can see, there is a net gain of 23 million shares added not sold in Q1. I am so tired of bashers saying funds are selling. One idiot did an article where his analysis discovered that hedge funds had dropped from 31 with positions to just 28 with positions at end of Q1. This idiot doesn't think it more important that the 28 added 23 million more shares that all the sells combined. The 3 that sold may well be looking for new positions themselves soon.
I also just went over the proxy materials. The four guys TPG added to the board is like a Who's Who of executives with oil/gas industry experience. I just went from 60,000 to 120,000 share position as of today. Patience will be rewarded. DaninFWSentiment: Strong Buy
-
Sorthigh----I wish you luck. I have always made a lot of money buying PBY for about 18 years now by buying when they don't make expectation and then selling stock as it moves up always hoping they do it the next time. One of the best trading stocks in history thanks to incompetent CEO after incompetent CEO and clueless and overpaid BOD's. DaninFW
Sentiment: Strong Sell
-
As I have said for years, O'Dell is incompetent. Not currently in PBY but for a company to do over a half BILLION in sales and make only $100,000 after the one time tax credit taken in the first quarter (not to be repeated I'm pretty sure in the next 3 quarters). Wow. And another new and exciting store model to be duplicated in Tampa and probably the rest of the company.......oh but forget that. By the time they get it 1/4th rolled out they will have another new and exciting model. Don't forget all these remodels cost a lot of money. That's probably where the constant impairments for $1.2 million this quarter alone come from as they write down the value of assets when they remodel and the old but still good ones become obsolescent. The question tomorrow is how far down in the $11's will we go. We should be around $10. The sales number may give some hope but sales can be bought at the cost of margins. I suspect if they had another 1-2% in sales increases they would actually have lost money this quarter. Sorry for the longs. If we see the 10's I may get back in just on the old perennial turnaround hope. The assets at least are worth close to $10......DaninFW
Sentiment: Strong Sell
-
Was not a blog. It appeared 100% the next day in WSJ in section B word for word......DaninFW
-
Actually, trade was mine. I put an order in for 60,000 SD at $5.02 and it sat there for about 2 hours. I would get 100 shares, 10 minutes later 300 shares, then 500 shares, then 100 shares, etc. What was upsetting is the actual bid was $5.0199 and I was willing to pay $5.02......it literally traded hundreds of thousands of shares at $5.0199 without giving me my shares. Then, I finally got filled in a few seconds and it tanked below $5.........this is one of my big issues with current trading system. It is for the elite only........DaninFW
Sentiment: Strong Buy
-
I traded this sector many times since the 2-20-13 post. I am 90% cash right now. I missed a runup but made plenty. Am concerned about overall market right now. Have been for some time. I like to buy assets at 1/3 to 1/2 real value. Not manyy bargains right now. DaninFW
-
If judge allows the class action to stand they all will be consolidated into just one lawsuit. All of the lawyers are filing hoping to catch the investor with biggest loss so they can end up the lead counsel. That's where the money is. In reality some of these filings could be representing one single share. If you read the lawsuits they are all looking for someone with $150,000 or more in losses. If stock price corrects and gets back above $2.50.....the cases will get dismissed as there are no losses. They are all really going after the insurance money. If company was to actually file bankruptcy shareholders 95% of the time get nothing. The fact that they are filing tells me there will be no bankruptcy. Why chases zero? It's all about billable hours at $800-$1200+ an hour. One of the companies that filed a lawsuit actually announced on the first press release that they were investigating nine companies the same day......that was Lipstitz if I got the spelling right. These are all just ambulance chasers. i also have a feeling the City Council of LA called in some favors to add pressure. I used to be a political lobbyist and saw that all the time. Seen this dozens of times. It's almost orchestrated to have bad news almost every day. It can't keep up. A single positive press release from XIDE would put an end to this. DaninFW
- Reply to
now below sell-off closing price with 52-week-lows coming into play later this month
by hageneriksson •Apr 17, 2013 11:04 AMStakeholders is current term being used which also includes anyone having a stake in the company.......including employees. They would not issue 400 million shares. They would do a 1 for 10 or 1 for 20 reverse split. Secondly, bondholders can only get $600 million for their bonds now and lose $200 million. They have a lot of incentive to come to the table. I too have been throuigh this a few dozen times. The 50+/_ million has even more incentive to negotiate as they are subordinated debt and would fall in line BEHIND the $800 million bond issue. Great timing on the part of XIDE mangement. Shorts are going to take a bath on this one. Far from bankruptcy. All the lawsuits are just to go after insurance money. Cases will be dismissed when they do their refi. I would add I don't expect a massive dilution. This might just be to get the $50 million bond issue to the table which is really all the extra cash flow they need. They also need to move the $800 million out several years at more favorable rates. They might give some equity to get that done. Perhaps 25%+/- of the company. DaninFW
Sentiment: Strong Buy
- Reply to
4/4 Sell-off OR somebody took out Stops?? + Bank of Norway's new position
by adifferentview •Apr 16, 2013 11:37 PMNo big holder unless they own more than 5% have to file a schedule 13 since it traded after Q1 (3-31-13) till 8-15-13. You won't know till 4 months if Norges is selling the other 3+ million shares. DaninFW
Sentiment: Strong Buy
- Reply to
4/4 Sell-off OR somebody took out Stops?? + Bank of Norway's new position
by adifferentview •Apr 16, 2013 11:37 PMActually Norges has been dumping big time. They reported today they went from 5.03% to 3.86% in last week or so........they have dumped alpost a million shares. DaninFW
Sentiment: Strong Buy
- Reply to
Mgmt expects to net $37 million from sale of Part of Frisco Texas plant
by news_to_use •Apr 16, 2013 5:13 AMI saw a similar thing when I was holding Georgia Gulf Bonds and stock. Bondholders got 90% of the company, they did a 10 for 1 reverse split and then within a week, GGC stock tripled and then quintripled within 3 months. The thing one must remember is that if $800 or $850 million in bonds become stock that also increases book value by that same amount. It will also improve cash flow and profit by almost $60 million a year in interest savings. Even if current shareholders get 10% of the company it would probably triple. The incentive for bondholders with bonds at 75 cents on the dollar is to get $800 million in stock for $600 million in debt. I suspect it will be a combination of stock and new debt. DaninFW
-
Day traders and momentum traders will be done with XIDE in next day or so perhaps 2-3. The situation in Vernon is the real driver short term. However, the law gives them up to 3 years to fix the problem. The LA City Council can jump up and down but the law is the law. The ones most exposed to the cancer risk was emplyoees and any lawsuits from them are regulated and capped by worker compensation laws. It will cost them millions to address. The legal postings from all the attorney's are nothing but ambulance chasers. Read them carefully. At the bottom of each they state they are advertising for clients. I have seen this dozens of times. They ought to sue each other for copying the other's advertisement. We won't see Q4 earnings till early June so a long wait. The Norges bank announcement today also doesn't mean Norges bought the 5.03%. It may just mean one of their clients is letting it stay in street name. If whoever bought this adds or sells any additional shares they must report within 3 business days any changes in holdings. That would be the #1 catalyst the longs are looking for..........somebody took out almost 4 million shares in just a few days. I strongly suspect they aren't done yet. They probably bought more today and will be buying tomorrow. We may see a filing Wednesday or Thursday. DaninFW
Sentiment: Strong Buy
-
They started purchases on 3-26 but just Thursday or Friday they crossed over 5% hence the required filing. My suspicion is that some assets in Europe are on the block to reduce debt and they bought on rumours. DaninFWDaninFW
Sentiment: Strong Buy
-
It is on Morningside. You just have to move the filing menu to 13G's.....DaninFW
Sentiment: Strong Buy
-
It shows up as news in both my Fidelity and Schwab accounts. You can also pull up SEC filings. Morningstar reported it at 7:25 A.M. ET this morning. I'll see if I can do the link. I usually don't waste my time as Yahoo deletes now 99% of the time. However, it is fact not rumour. Day traders and manipulatorsa are in control next few days....after that, a different story. DaninFW
Sentiment: Strong Buy
-
Norges Bank, Norway's largest bank, which possibly manages the world's largest sovereign wealth firm, just reported before the market opened that they have bought recently 3,989,247 shares in XIDE and just crossed over the required SEC reporting requirement of owning over 5% of outstanding shares. They own 5.03% of all shares and owned 0 shares as of 12-31-12. Normally a stock would pop 5-15% on that kind of news. Going to get interesting. DaninFW
Sentiment: Strong Buy
-
I did what I did to average down. It still think risks remain. The Vernon deal could be a negative catalyst if not contained soon. Going to be extremely volatile here. Great for trading. DaninFW
Sentiment: Strong Buy
-
They don't have to convert. They can demand the $60 million in cash., However, they are subordinated debt which falls after senior secured debt, then senior unsecured debt, then subordinated debt. They are just above equity holders in bankruptcy. If they try to play hardball they don't have much clout as they are way less than 10% of all outstanding debt. Debtwire is the one that should be sued for posting a false and misleading staement without all the facts. I looked at financials and almost bailed yesterday but I saw where the Asset Based Loan for over $200 million isn't due till January 2015 and the $674,450,000 in bonds aren't due till February 2018. I bought another 150,000 shares between $1.28 and $1.32 yesterday. Now holding 300,000 at average of about $1.90...........glad I didn't bail. DaninFW
Sentiment: Strong Buy
-
Right after I typed above and the 66,300 block got bought at $2.55 another block of 54,500 at $2.54 popped up and it's almost eaten up now also. Crazy. DaninFW
Sentiment: Strong Buy
-
LA Times had another article on XIDE yesterday with City Council threatening action. Big dumper today. Lot's of blocks sold. Has now inched back up.....and now another block of 66,300 was for sale at $2.55 and somebody just bought the entire block while I was typing this. It may be the market specialist knows big seller is done and wants to move it back up. LA Times says XIDE has 180 days to come up with an acceptable remedial plan and 3 years to implement. City Council is demanding it be done much sooner. Looks like a lot of bad press coming next few months.
Sentiment: Strong Buy