It is still likely that WMT will renew its contract with LQDT. They are still negotiating to provide better terms to WMT. Investor Relation Officer of LQDT stated today over the phone that negotiation with LQDT are not over and are not final. Call 202-467-6868 and speak with one of two Investor Relation Officers
Tax selling period ending soon with the January effect about 2 weeks to happen. I would not be surprised to see 50% up in January
You were lucky to be right at $14 but you are wrong at $7 and before the January effect. You are shorting a $200M company , without debt and with P/E of 8 after 70% crash in 2014 .
In addition you dont give any reason why you are so gloomy at MC of $200M
LQDT executives purchased 435K shares during Q2 of 2014 with Price/share above $12
They really trust their own company. They spent $5.4M of their own money to buy LQDT shares.
I also dont believe that the negotiations with WMT are over and final. I called yesterday and spoke with IR rep Jenifer. She said that CFO and CEO both trying to revive the negotiations with WMT and giving WMT better terms. She said they released the 8-K just to let the shareholders know about the termination situation .
They really trust their own company. They spent $5.4M of theirr own money to buy LQDT shares.
Please see Yahoo insiders purchase
In addition he purchased about 200,000 more during 2014. He invested about $2.8M of his money in LQDT shares
From LQDT 10-K of Nov 2013 :
"During fiscal year 2013, we had over 600 corporate clients who each sold in excess of $100,000 of surplus and salvage assets in our marketplaces."
From LQDT Friday announcement:
"The Company does not believe that the purported termination of the Wal-Mart Agreement will result in the Company being unable to meet its financial guidance for its first fiscal quarter ending December 31, 2014"
How a British website knows about the takeover and other US sources do not mention any takeover? But it makes sense that EBay will takeover the experience of LQDT with DOD .
Ebay has a lot of company specific problems, but it doesn't really explain the way its slowing marketplaces growth and that the highly promotional environment along with technological advancement is lowering pricing cost of new items.
Ebay should takeover LQDT to compensate its weakness in retail and commercial business
With about $170M in cash and equity and with only 7 million outstanding shares bbsi alone is worth $24 based on cash per share.
Fundamentally speaking, all the statistical numbers will show mismatch to its share price. Market cap is 151 million. Cash this quarter is 170 million. Revenue stands at 900 million. Company's repurchase program of $3M, . Growth projected to be 19%. They keep adding 180 more new clients every quarter. This stock is ridiculously cheap
From today 2013 20-Q
In the three months ended September 30, 2013, we did not repurchase any shares of our common stock. Our Board of Directors has authorized us to repurchase shares of our common stock in the open market or through privately negotiated transactions in accordance with Rule 10b-18 of the Exchange Act under the Repurchase Program. The shares that remained available for repurchase under the Repurchase Program were 7,771,025 as of September 30, 2013. Unless earlier terminated by our Board of Directors, the Repurchase Program will expire when we repurchase all shares authorized for repurchase thereunder.
If an institution’s Two-Year CDR is:
• 25% or greater for three consecutive FFYs, the institution loses eligibility to participate in the FDL program and the Federal Pell Grant (“Pell”) program for the remainder of the FFY in which the ED determines that the institution has lost its eligibility and for the two subsequent FFYs; or
• greater than 40% for one FFY, the institution loses eligibility to participate in the FDL programs for the remainder of the FFY in which the ED determines that the institution has lost its eligibility and for the two subsequent FFYs.
None of our institutions had a Two-Year CDR of 25% or greater for any of the FFYs 2008, 2009, 2010 or 2011, which are the four most recent FFYs for which official Two-Year CDRs have been issued by the ED. The following table sets forth the average of our institutions’ Two-Year CDRs for the FFYs indicated:
Two-Year CDR Average
A Wells Notice is neither a formal allegation nor a finding of wrongdoing. Instead, it is a preliminary determination by the Staff to recommend that the SEC file a civil enforcement action or administrative proceeding against the recipient. Under the SEC’s procedures, a recipient of a Wells Notice has an opportunity to respond in the form of a Wells submission that seeks to persuade the SEC that such an action should not be brought. Accordingly, we made a submission to the Staff in response to the Wells Notice setting forth why the factual record does not support the enforcement action recommended by the Staff and that any perceived shortcomings were made in good faith. Although we intend to defend ourselves vigorously should the SEC authorize any legal action that does not comport with our view of the facts, we cannot predict the outcome of any legal action or whether the matters will result in any settlement. We cannot assure you that the ultimate outcome of the SEC investigation, any legal action by the SEC or any settlement will not have a material adverse effect on our financial condition, results of operations and/or cash flows.
Huge fine !. How they will pay it. My source is from a lender of IT
Apple’s Beats, Bose agree to settle headphone patent dispute
by Reuters OCTOBER 12, 2014,
Beats headphones are sold in an Apple store.
Photo by Andrew Burton—Getty Images
Bose said it had lost profits and sales as a result and was seeking unspecified damages from Beats, which Apple Inc acquired this year for $3 billion.
By Andrew Chung
A high-profile patent spat over noise canceling headphones between Bose Corp and Beats Electronics ended on Friday with the two sides settling the case out of court.
The terms of the settlement were not being disclosed, a spokeswoman for Bose said in an email, adding only that the dispute had been “resolved.”
Bose, which makes high-end sound systems and headphones, filed the case last July in federal court in Delaware, alleging Beats had willfully infringed upon five of its patents in its Studio and Studio Wireless line of headphones.
Privately held Bose said it had lost profits and sales as a result and was seeking unspecified damages from Beats, which Apple Inc AAPL -0.29% acquired this year for $3 billion.
A document filed with the court on Friday said both sides would dismiss the case and bear their own costs and legal fees.
Apple Inc and Bose Agree in Beats Dispute
By Carl Auer on October 13, 2014.
Apple Inc. and high-end audio speaker and headphone manufacturer Bose have come to an agreement over a Patent dispute that involved Beats headphone. The agreement between Bose and the iPhone maker, who acquired Beats earlier this year, should prevent a lengthy court battle. Bose had claimed that Beats had infringed on their patented noise cancellation technology in their headphones and moved to block the importation of the stylish headphones.