what institutions? They hold less than 5%. How many times do you have to be told that? What is up with folks and this company?
San Antonio goes on strike too
“We made them a $60 billion company and now they do this.”
“It’s like cyber slavery,” Alvi’s friend Bisram Gittens, a father of one from Aruba, added.
By Danielle Furfaro February 1, 2016 | 9:06am
Uber cuts rates in escalating NYC cab wars
Hundreds of angry Uber drivers plan to stage a protest today against the company’s newest round of fare cuts, saying they affect driver
The protesters, who will rally at noon outside the company’s Queens headquarters, are also encouraging the drivers to strike.
“No driver wins this bidding war. What’s being auctioned off is their livelihoods and that’s unacceptable. It’s a race to the bottom,” said Bhairavi Desai of the New York Taxi Workers Alliance, which also organizes Uber drivers.
I agree. If they took less in compensation, they might get profitable and then their shares would actually rise more than their missed compensation.
It was actually worse a couple of years ago. The current CEO did a coup and fired the then CEO and the entire BOD. He replaced the entire BOD with his friends. It will be two years this summer from that point. I'm giving them until then. I actually think they are close
they actually have made a profit a few times in their history and with some cost management like getting rid of IR firm, 10% exec paycut, could achieve profitability in the coming quarters.
Heck they they layoff 80% of staff and just roll off contracts for next 5 years and make a nice profit.
I see no point with the IR firm. They do nothing and collect $100k/yr. Save the money. They won't even answer my emails. What is the point of using this company?
Money would better be spent on a PR firm that helped them get out news. That would be more beneficial to investors
The VAC4 issue(s) sits squarely on Mike Ehrman's shoulder. He should have taken the fall. I really think a 10% executive payout would go a long way towards good will with shareholders
CFO dumped stock, not the CEO. Everyone here hates the CFO. He is incompetent and grossly overpaid.
In general, insiders are vastly overpaid here. They said in July they will forgo bonuses until further notice to conserve cash. I would also like to see them either forgo new stock grants or take an outright 10% executive pay cut.
Break even and profitability is one large deal away or a few smaller deals signed in the same quarter. Once signed on, customers are sticky
currently, CLCT pays the max Fed tax rate of 35%. The US top tax rate is the 2nd highest in the entire world. Pretty much every Republican wants to lower the max rate to something more reasonable like 20%. With $12M in before tax profits a 10 basis point lowering of the top tax rate to 25% would save the company $1.2M in cash and increase GAAP EPS by 15c. So a 10 basis point lowering would cut their cash burn in half.
Just something else to consider re the cash burn and the dividend.
old record for a month was in early 2014 of 237K. Coin certs are up 28% from the January of 2014 which was the record year. A record for any quarter was in the first qtr of 2014 and was 593K coins. We are almost 1/2 way there already and there is an extra day this quarter due to leap year.
Looking to buy some tomorrow due to any weakness on the SA article
lots of factual errors in the article. Sounds like a dealer who didn't get his way on some grades and has an ax to grind. He primarily confuses GAAP EPS and cash flow and the dividend obligation. Facts are they don't meet dividends by about 30c/sh or about $2.5M/yr (not the 70c this guy claims). That gives them about 2-3 years to turn it around. 1/2 of their NYC lease just came off lease for a savings of $300K/yr. They lose about $1M/yr in China but that is decreasing rapidly.
The other thing is they tell you every day exactly how many coins/cards are graded. Buy when the numbers are showing growth and sell when they aren't. They are about 30% above their record year so far in the first month of this year. I'd say that is a buy.
Most companies can't guarantee dividends past 2-3 year either other than AAPL and a few others. This will move up in the $18-$20 range in the next few months as earnings come in.
So Taxi's are bad yet Uber is good? What a hypocrite. In a few years Uber drivers will all be unemployed and replaced by robots. Feel good about that? You are literally leading lambs to slaughter. I guess someone who makes $30K/yr will do and say anything to put food on the table