that's if you take their word for the value of their used cars. Try selling all those used cars. See why Hertz hasn't filed audited financial statements in years.
Avis has a NEGATIVE net tangible assets. NEGATIVE. Take Accounting 101
The $10M includes $1M of low margin (or loss) spare parts
What's it worth then? Sales would be declining. Cash would be under $10M. More excuses from Sr execs. I say if that was the case, it's worth $4, maybe $4.50. This would lead to layoffs of 30-40 folks. There is no indication of layoffs yet.
Consolidation -- Market Talk
BY Dow Jones & Company, Inc.
— 10:10 AM ET 07/06/2015
10:10 EDT - Believing Altria (MO) stands to gain from recent consolidation in the US tobacco industry, CLSA upgrades the Marlboro maker to buy, contending MO's position as a pricing leader is expected to improve amid Reynolds' (RAI) acquisition of Lorillard and Imperial (IMT.LN) buying RAI's Winston brand. CLSA thinks Winston will try to win business through discounts but fail to cut into Marlboro's market share. The investment bank adds MO's valuation is lower than other tobacco stocks.
I'll give you another example. when your town revalues all houses for property tax purposes they look at recent sales in your area. Those sales my be less than 1% of all houses in your area but they affect you.
that's the way it works bud. They have to value their books at some point and based on that time slice, things are not as dire as you are making them.
it's also the way the stock market works. If 1% of a companies share trade higher all day, but the last trade for only 100 shares is lower, the entire company is valued at that lower price.
You sound like a high school educated guy. Are you even a college graduate or financial trained?
Hickman/Gossage contend that TAXI is using stale prices for medallions and/or "painting the tape". Now if Hickman was actually a seasoned financial advisor, he would know this is something that occurs commonly in the stock market with fund managers. Stocks that have gone up, go up on the last day of the quarter so fund managers can show more profits. Opposite for stocks that have gone down, they go down on last day.
Someone is painting the tape to make their book look better. You may not like it, but that's how it works.
Maybe the low price was the outlier.
not sure what number TAXI reported on their Q1 balance sheet, but the avg transfer price in March was $725k. So this qtr's avg price is actually HIGHER. Doesn't that squash the short thesis for another quarter?
when they came out with their report, the price was $10.55. 49c worth of dividends have been distributed. The only "lie" is that he uses the low point from that moment. If only 100 shares traded at the low, how do the other 3M shares cover?
not possible to know. As long as the statistics page points to a huge volume of coins graded, it doesn't matter. CLCT did not explode higher when gold/silver were much higher anyway. The price of gold/silver tends to only affect Modern submissions which are a much lower margin anyway. So the potential bottom line impact is not that great. If the graders are flooded with low margin Moderns, they can't grade high value coins.
As of now, they are grading a huge volume of high value coins and cards
the thing about a short recommendation is that it has to be round-trip. With 13% of the stock shorted, all those shorts covering would probably push the stock up to $13 or $14. Never short a low-float stock.
then operational profits by year end is a pipe dream. They need to be announcing wins now in order to fill the pipeline by year end. If profits are pushed out until 1 year from now, then they will need to raise funds
IDSY 2.0 has severely weakened the financial prospects of the company and put viability in question. Too many upper management folks pulling in $200K+ salaries and not enough worker bees.
1 yr ago on approx July 22, Norm started and the price was $5.25. He has a bunch of shares at that price. 1 yr later and burned through a bunch of cash, sales no higher, implementation issues, production issues, they are worse off
good luck with your investment here. I hope you make enough money so you can buy lawn equipment to be able to cut lawns in my neighborhood.
You haven't seen the affects of the DEATH SPIRAL financing here YET. Wait till you need money in the next round.
I got out of RVM at 50c. I used the loss to offset a gain in another stock I sold this year so no tax consequences. Made lemons out of lemonade. I own no HL. They are better miners than HL. Not a time right now to be in any miner.
count your pennies
last x-div day was May 27. So next one is end of August with an announcement in mid-August
why would anyone downvote you on this? It is obvious that the return to shareholders is just too low on this stock. Buybacks are not working because mgmt compensation via stock is just too high. The buyback just buys insider options. Increase the dividend, spin out companies
will not buy a company that uses Liolios for IR. They know nothing about the business. Can't answer questions. Give wrong or misleading info. Lots of complaints against them