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Rite Aid Corporation Message Board

daninfw04 75 posts  |  Last Activity: 13 hours ago Member since: Mar 23, 2004
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  • Reply to

    Still can't break 1.79..

    by tronolonemichael 23 hours ago
    daninfw04 daninfw04 13 hours ago Flag

    More good news this morning. Mortgage apps up all due to new home buying last week.......The trend continues in May. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 24, 2016 9:18 AM Flag

    TOL blew away all expectations today. Beat earnings, revenue, backlog and margin expectations. Up 5% in pre-market. If new home sales exceed we could be off to the races today. HOV looks strong in pre-market as well. DaninFW

    Sentiment: Strong Buy

  • Reply to

    New Concept

    by daninfw04 May 22, 2016 10:40 AM
    daninfw04 daninfw04 May 23, 2016 7:02 PM Flag

    What I don't know is if they have done this before and if this is just an entry into a new market for this type building. If it's a first they are behind the curve. They recently 6-12- months ago hired a bunch of new Division Heads some of which had been top executives and even Presidents of other companies. Perhaps new blood.......DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 23, 2016 3:12 PM Flag

    New Home Sales for April will be out first thing in the morning. Regional reports out sooner last few days have all been the best since 2008. Numbers came out on Monday last month so I was off a day. Tomorrow will be big one way or the other IMVHO. GLTA DaninFW

    Sentiment: Strong Buy

  • Reply to

    New Concept

    by daninfw04 May 22, 2016 10:40 AM
    daninfw04 daninfw04 May 23, 2016 3:09 PM Flag

    I just think it's another way to build houses without tying up a lot of upfront money in land and lots. I suspect margins are actually higher and these homes built within certain mile radiuses. DaninFW

    Sentiment: Strong Buy

  • Reply to

    New Concept

    by daninfw04 May 22, 2016 10:40 AM
    daninfw04 daninfw04 May 22, 2016 10:43 AM Flag

    continued.....
    "When it comes time to purchase a new home, sales associates offer upfront, clear expectations of the homebuying process and timeline to ensure that homebuyers are at complete ease every step of the way. “K. Hovnanian® Homes is committed to quality and takes great pride in delivering a 100 percent complete, inspected and move-in ready home,” said Vannoy. “We also provide thorough New Home Orientations by knowledgeable New Home Professionals once the process is complete.”

    Build On Your Lot homes are priced from the $120s. Prospective homebuyers who are interested in building on their lot are encouraged to visit the new Youngstown Design Studio, which is located at 425 North Bailey Road in North Jackson, Ohio. The studio is open seven days a week: Monday through Saturday from 10am to 6pm and Sunday from 12pm to 5pm."

    Looks like a way to cut back on buying a bunch of land........DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 22, 2016 10:40 AM Flag

    Youngstown, Ohio (PRWEB) May 21, 2016
    K. Hovnanian® Homes’ Build On Your Lot (BOYL) division drew nearly 100 people to its new Youngstown Design Studio Launch Party and Ribbon Cutting Ceremony on May 17th in North Jackson, Ohio. Members of K. Hovnanian® Homes, as well as Youngstown committee members, local dignitaries, realtors, trade partners and preferred lenders were present at the event. The new BOYL design studio will officially open to the public today, May 21st, 2016, from noon to 3 pm.
    “The highly anticipated launch of our completely re-imagined Youngstown Design Studio was extremely well received by the local community,” said Chuck Vannoy, Division President of K. Hovnanian® Homes Build On Your Lot Division. “Attendees were in complete admiration of the level of quality and the unique vision that went into the creation of this Design Studio. It is unlike anything most people have ever seen before.”
    Upon entering the Youngstown Design Studio, guests are greeted with a handcrafted reception space, dramatic ceilings, sleek lines, custom built-in cabinetry with home selections and playful full wall imagery. “We incorporated a mix of wall vinyl and dimensional panels so guests can casually make their way in and around the space at their own pace,” said Vannoy. “Our goal was to reinforce the fact that you don’t have to sacrifice your dreams when it comes to building a new home.”
    The Youngstown Design Studio allows prospects to select their new home design and personalize it with design selections all in one location. Featured home designs offer between 1,300 sq. ft. to over 3,600 sq. ft. of living space, and are customizable to fit the needs of the families who live in them. All homes offer state-of-the-art technologies with modern conveniences and premium functionality. “Home designs include family-friendly open floor plans with timeless details, fantastic curb appeal and impressive architecture,” Vannoy said. “These homes are destined to inspire for generations.”

    Sentiment: Strong Buy

  • Reply to

    Yesterday"s Presentation

    by daninfw04 May 18, 2016 11:01 AM
    daninfw04 daninfw04 May 20, 2016 9:48 AM Flag

    I actually agree with you....but the recent change in direction shows that Ara is no longer "in charge." The bankers are now in charge. There is a $2 billion dollar issue now that they have said must be addressed. Even the smallest bank loans might not get renewed if Ara is in charge. That's the power they have. They don't need to control the vote........just the money. That's one reason I think we are going to see a lot more positive surprises than negative ones. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Yesterday"s Presentation

    by daninfw04 May 18, 2016 11:01 AM
    daninfw04 daninfw04 May 18, 2016 12:25 PM Flag

    I sure hope we see $2+. It might well get there but IMVHO they will have to do all 3 things:
    1) BEAT EPS expect
    2) BEAT Revenue expect
    3) Show some progress on debt or reveal a plan that is credible.
    I don't think $3+ is a dream. But, many investors are getting tired of their weak past efforts. There was a net loss of about 3.5 million shares on institutional investors with the top three holders all reducing shares for about 3 million shares. It's time to put up. If they don't hit all three numbers, Ara needs to go. That's the only other thing that could catapult this stock. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Yesterday"s Presentation

    by daninfw04 May 18, 2016 11:01 AM
    daninfw04 daninfw04 May 18, 2016 12:21 PM Flag

    The $25 million was from their SEC filing for their last 10Q where they showed the value of the land before write down and then how much write down. The difference was about $25 million. The actual sell was about 2-3 weeks later. As for HOVNP I researched a year or so back and felt HOV was the way to go. You can google several articles where the HOVNP initial buyers got screwed. The fine print does not require HOV to pay dividends. As long as they don't pay on common stock they don't have to pay any on the HOVNP. The only way IMVHO it might be worth $25 again is if there was a buyout and not 100% certain on that. GLTA DaninFW

    Sentiment: Strong Buy

  • The presentation yesterday was much more informative than the one a few days before. Some bullets:
    1) Ara said he looked forward to update investors on their progress in a few weeks.
    2) Ara said hard part was behind them and he felt they would easily and comfortably meet their debt repayments.
    3) They paid off the 5-15-16 bonds on Monday.
    4) Only about $200 million left to pay in next two years and very little due after that till 2020.
    5) Expects to get debt ratio down to 50% within a few years and down to 30% within a few more years.
    6) Expect to reverse NOL's in 2016 or 2017 at the latest. May do in two parts but hope to do in one if earnings are substantive.
    7) Future land banking will be different. They plan to find locations and then go to land bankers to let them buy the land and then they will take out options. No debt incurred on balance sheet.
    8) More and more land bankers are coming to the party. Plenty of opportunity.
    9) Are using more of the non-recourse loans as well which are better rates.
    This company is not going bankrupt. It may be 12-24 months before we see the numbers we would like to see but no doubt in my mind this will be a $3-5 stock in 12-24 months. And yes, about a year later than I first thought. GLTA DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 16, 2016 1:38 PM Flag

    Tomorrow might be a little more interesting than last presentation. There was an article where DR Horton and Lennar bought the 158 lots from HOV just weeks after HOV announced they were pulling out. That was only about $25 million but still cash. Also, no question now they retired the 5-15-16 bonds due yesterday. Housing starts and new permits for April in the morning an hour before market opens........Big Day coming. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Ladaclay

    by daninfw04 May 10, 2016 7:59 PM
    daninfw04 daninfw04 May 11, 2016 11:39 AM Flag

    I only post a little now days as 12-13 of us have pretty much formed an e-mail group where we communicate daily. You would recognize most of them from the EVC, GTN, SBGI, etc. broadcast boards. We got tired of all the whackos and Yahoo. We are able to e-mail and post things Yahoo will not allow. I only allow those I know that have posted a year or more. If interested give me an e-mail address and I will send you mine and what it takes to join the group. You can delete your e-mail after I respond. DaninFW

  • Reply to

    Ladaclay

    by daninfw04 May 10, 2016 7:59 PM
    daninfw04 daninfw04 May 11, 2016 8:40 AM Flag

    Thanks. Pretty much my thoughts. I have never been an Ara fan but also feel he will do what it takes to enrich himself. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 10, 2016 7:59 PM Flag

    You recently posted that you had bought HOV. You have been a bear on HOV for around 8years+/-. Why the change? You and I have often disagreed but I know you have great insight into this sector having been an executive in it. Thoughts? DaninFW

    Sentiment: Strong Buy

  • Reply to

    Technically speaking not good

    by homeseek May 10, 2016 4:31 PM
    daninfw04 daninfw04 May 10, 2016 5:10 PM Flag

    Actually, your comments are unfounded. HOV as had a great run the last two days going from $1,57 to $1.72 for a high today. That's 10% in two days. I was watching most of the day till a little after noon and volume was very low. I checked back right before the presentation and over two million shares traded in about an hour. We had a big seller or shorter taking advantage. The stock actually traded just 100,000-200,000 shares during and after the presentation. After hitting $1.62 we quickly moved to $1.65. As for the call, just a lot of promises with little or no new information. I was disappointed which is why it probably didn't pop. CEO mentioned they still had over $500 million available from land banking, they were now using more non recourse loans at 4-6% interest instead of land banking since it was less expensive. He said he wanted to get book value positive and hinted that high yield markets may open up again soon. He added that they were very pleased with the two property sales mentioned last call but could not add anything since there had been no public press releases. The analysts tried to get more info on cash being raised but he stonewalled. HOV is either concerned with future lawsuits if it appeared they were trying to prop the stock or it may be option time where they want to lock in a bunch more free stock at a super low price. I have seen that before. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 7, 2016 9:07 AM Flag

    The CEO in the conference call stated that EVC had earnings of 3 cents a share when it was 2 cents. He gave the figure before diluted shares. Diluted shares per accounting guidelines have to be included. It is options and restricted stock that has been granted and will be issued in the future. If the company goes private or gets bought out they get exercisable on the day the company ceases to be public and hence issued. Investors don't tolerate CEO's that don't state facts.
    Secondly, he had the audacity to explain all time high operating expenses on increases in staff to build up local news where he said they were losing ground. Here's a quote from a December 2015 article where Entravision is cutting back on local news staff. This payroll and severance costs would have been paid last quarter and expenses should have been down not up. Oh yea, let's not forget the CEO's salary in 2015 went from $1.5 million to almost $3 million.........just a 98% pay increase:
    "Entravision continues its downsizing of news operations. It has now canceled the morning newscasts in all of its stations across the country, laying off most of the talent. Buenos Días DC, Despierta San Diego, Despierta El Paso and Alegre Despertar in McAllen are among the morning shows affected. Staffers were notified yesterday via phone of the cancellations and that they lost their jobs after the morning shows. Sources tell Media Moves that among those who lost their jobs are D.C.’s weather anchor Nestor Bravo and sports anchor Daniel Diaz, as well as anchors Victor Acosta and Brenda Reyes in El Paso. Several technical crew members were also laid off at the stations." DaninFW

  • daninfw04 by daninfw04 May 5, 2016 5:41 PM Flag

    CEO said he expected digital and mobile to be 10% of revenues in 2016 and 20% in 2017 with organic and acquisition growth. That means they will have to buy a company at double the size of Pulpo to do that which means $40 million+ in cash. Looks like they are already spending your spectrum money. Overpaying again. For those of you not around years ago.......current management overpaid by over $200 million for their current radio assets. Why would we trust them with the spectrum money? Real concerns. DaninFW

  • daninfw04 by daninfw04 May 5, 2016 5:31 PM Flag

    The Noble Analyst just asked on call why operating expenses are the highest he's ever seen. He said they were almost 70% versus 58% in 2012 which previously were the highest. CEO said they are spending on local news because of competition. Funny how in the release he said it was because of higher salaries and free stock for incompetent management.........I expect to see EVC down at least 50 cents tomorrow. DaninFW

  • Reply to

    Poor Management

    by daninfw04 May 5, 2016 5:00 PM
    daninfw04 daninfw04 May 5, 2016 5:19 PM Flag

    I have to add that I expressed months ago that EVC would probably pay a fortune to their two top radio personalities to keep them. I was right. Radio revenues for Q1 were up just $539,000 yet radio expenses were up $1,117,000..........
    Digital revenues were $4,664,000 with expenses of $4,530,000 for a profit of $134,000. On an annualized basis that's barely a half million profit for a $20 million investment. That's about 2.5% return on their investment. We also must not forget that they were already getting millions in digital and mobile before they bought Pulpo which they rolled into Pulpo to hide their bad purchase decision. DaninFW

RAD
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