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Food Technology Service, Inc. Message Board

eagledragon1 8 posts  |  Last Activity: Aug 15, 2014 9:47 PM Member since: Feb 8, 2008
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  • eagledragon1 eagledragon1 Aug 15, 2014 9:47 PM Flag

    Interesting guess on my profession. If I told you that the guess was correct would it make a difference?
    You have a company that is expanding revenue and it's reach. You have a company that at present is taxless and expecting appreciable gains via pension payment savings. Yes...cash cash cash abounds.... a whole .37 per share which equals 23.76M of cash on hand. Cash flow does not equal cash on hand. The value of this company lies mainly in assets, not cash. Could they raise cash by selling off assets, sure. Could they show a net profit on selling those assets, possibly. But then you are in a position to either replace those assets (via increased capital expenditure) or take a hit in revenues because of lost business those sold assets carried.
    The numbers say buying back shares now, even at these recently deflated prices, is a bad investment. Most times buybacks are used as a defensive device and many times never realized at all. The share price drops off to around 6, then a reasonable investment starts to materialize. Let's hope that does not happen.
    Paying a dividend is a very bad move, especially considering cash on hand. A dividend may look nice in hand, but it is also a dollar for dollar reduction in book value. P/B is not an insignificant measure. Evaluations are closely gauged to P/B as well as P/E in analyst value determinations.
    If Hete really wants to give shareholders the best bang for their buck with what we know today, then INVEST unrestricted funds. They of course have done some of that. They should continue as long as they remain conservative in terms of risk. The final goal being to keep ever increasing that book value and letting the multiples guide the share price value higher. We are finally heading back upslope, I see no sense whatsoever in building speed bumps along the way.

  • eagledragon1 eagledragon1 Aug 15, 2014 6:14 PM Flag

    Don't give me unicorns defecating rainbows. If you can't do the math simply admit it. The current book value is listed at 5.93/share. If they spent 50M at an average share price of 8.50 on a buyback your left with a book value on the remaining shares of 5.67 or a per share drop in book value of .26.
    Does a possible .02/Q increase in EPS from the buyback justify this drop?? I think not.

  • eagledragon1 eagledragon1 Aug 15, 2014 1:55 PM Flag

    Tell me EX, how do you see buying shares in the 8.50 range affecting the book value?

  • eagledragon1 eagledragon1 Aug 4, 2014 5:29 PM Flag

    I'm guessing .12
    No guess from you? Is that because you were buying at 8.50 and calling a floor at 8?

  • eagledragon1 by eagledragon1 Aug 1, 2014 10:58 AM Flag

    And the hits keep coming. It appears quite a few holders realized the run was over. This time we have a director dumping over 10k shares a couple days ago. It was not an automatic sale

    I still think this baby is overpriced.

    Sentiment: Sell

  • Reply to

    Two tepid releases in a row

    by hard_luck_investor Jul 6, 2014 5:27 PM
    eagledragon1 eagledragon1 Jul 11, 2014 9:43 PM Flag

    Right now instead of selling advertisements, they're buying them, at least in my region of the country. That is something in itself I like to see, especially for a company with no debt. They have an efficient method of developing and market testing so whether or not they "crush" the market again they'll likely continue to produce a string of profitable product.

    Sentiment: Buy

  • Reply to

    Piper Jaffray upgrade

    by tomnehme Jul 7, 2014 9:32 AM
    eagledragon1 eagledragon1 Jul 8, 2014 1:57 PM Flag

    There is a lot of accumulation going on, a very manipulated accumulation.
    It seems I myself brought the share price down about 50 cents today. I've bought 5 tranches today and the pattern is exactly the same, within a second of filling the order the share price dives about 10 cents, even if the share price hasn't moved in 30 minutes or more. Makes no difference if you set a lower limit order or accept the ask, the result is the same. It once worked properly years ago. If you bought shares on the ask, then the share price would rise. If you sold on the ask, the share price would drop. That is how it is supposed to work normally. But with all the algos these slimeball institutions run on HFT platforms, this is the resulting mess the retail investors are left with time after time.

    Sentiment: Buy

  • "FORT WORTH, Texas, June 9, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (BAS) ("Basic") today announced the commencement of a secondary public offering of 6,000,000 shares of common stock on behalf of DLJ Merchant Banking Partners III, L.P. and related funds (the "Selling Stockholders"). Goldman, Sachs & Co. will act as underwriter for the offering. Goldman, Sachs & Co. is expected to be granted a 30-day option to purchase up to 900,000 additional shares from the Selling Stockholders.

    Basic will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders in this offering. The offering will be made pursuant to a shelf registration statement on Form S-3, which was filed with the Securities and Exchange Commission ("SEC") on April 11, 2012 and declared effective on April 17, 2012."

    Someone must think upside is limited...

    Sentiment: Strong Sell

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