no matter what medallions sell for, the company can us alternate accounting methods to slowly write down values. they can use other accounting methods to write up bank assets. They will continue to pay a dividend and continue on with their business. the medallion business will slowly be phased out; now it is ZERO of profits and 48% of assets. Just a few months back it was 20% of profits and 60% of assets.
You can write as many articles as you want. This is the reality. It's not going out of business. There is a larger chance that Uber will stumble than these guys going BK.
Time to face reality and move on. You made some bucks. The market is passing you by. Find another stock.
I've owned this on and off for many years. The valuation is too high right now. Oil company/gasfield co same thing. If I want something in that sector I'll buy CVX or XOM or EOG. they spent over $100M on the "gasfield water service company". Does not seem like money well spent.
Looks like this lives on until at least the next quarterly report in August. Of course between now and then they will publish 3-4 hack job articles that criticize everything from the font in their PR's the yellow of their cabs.
exactly. spanspur is just letting his inner female emotions out
FYI - I think the CDTI debt now exceeds their market cap
you don't understand their business and the difference between me and you is I'm not telling others to buy while I'm selling. the company is open about their plans. Management is not lying. the company pays shareholders to wait with a near 3% dividend. The asset they are selling is a 50/50 joint venture non-core to the company and will net them $4.8B tax free. They have billions more in cash and generate $2B/yr more in cash. While trading at a big discount to the market.
If anything, they should sell off more assets or break up the company into 5 companies.
possibly but not likely. I still like GLW in this space. another poster mentioned TEN and they have been doing well
the $2K/month per union employee health benefits is a real savings ($80M/month). The 10% 401K match and 12% pension contribution is a real savings ($40M/month). The OT paid to management and union pay cancel each other out. Lost installs and extra work if they come back need to be accounted for
$95M/week seems high. Probably $100M/month in savings to the company
factor in a $10M funding at 25% discount and the debt converting at 25% discount to that (43% discount) and there will be plenty of shares. $10M gets them through 2 years unless things are worse than they say.
but you were selling during those false and misleading posts you made even when you were telling others to buy. you are a vile human being. I am enjoying watching you lose your money
I sold IDSY and said I was after their earnings. Their insiders are liars and have been, just like here.
I have said for months, maybe years, that BK was a consideration. The way the stock is acting you have to assume the worst.
My commentary yesterday assumes and funding would be at 25% below the current price and the insiders get 25% below that. It is all relative. Why would a funder come in above the current price? That is stupid and not how it works. So if the price is 30c tomorrow, assume a funding at 22.5c. If the price is 20c tomorrow, assume 15c. I have seen existing shareholders walk away with 10% or less in deals like this. This is how a death spiral, which you fail to admit and call it that, works
maybe they should look into your posts over the years while they are at it. Any lawyer doing DD on you would tell you to go away
12 months? Try like at least since you got in 4 years ago. This has been a scam since you brought it to my attention. I suspect that is why you got in. Too bad for you that you started believing your own lies
you didn't mind their misleading statements and PR's when the stock price was going up. That speaks immensely to your character. As long as you could stick someone else with your shares, it was fine. Misleading Honda TLX PR, so what? Dubious SA article, all the better! As a matter of fact, you were head cheerleader in those days. I'm glad you're F'd now. You reap what you sow