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Western Refining, Inc. Message Board

edmanfan 9 posts  |  Last Activity: Jun 30, 2014 3:00 PM Member since: May 13, 2002
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  • Reply to

    S/A REPORT

    by illinoismaker58 Jun 28, 2014 4:30 PM
    edmanfan edmanfan Jun 30, 2014 3:00 PM Flag

    Only the buyer and seller know what triggered the volume at this point but long suffering shareholders are clearly hoping a 13D will be filed by an activist buyer but I think that is very unlikely since Ed has cooked the ownership thru super voting stock and has complete control. So if not an activist, there are 2 other possibilities; a new or existing investor making a large purchase which we will see when the SEC forms are filed. But maybe the buyer will use settlement date for declaring ownership which will put them into the 3Q and not have to file until this fall. The remaining option is that a major holder paid the author to write the positive BS ("ER's interests are aligned with the shareholders" is such a joke I can barely finish this for laughing so hard) so they could sell a large block at a higher price. Again we will see shortly when the 13's are filed with the SEC. DFA does not do stuff like that, they just buy low priced stocks and hope they become higher priced. But some hedge funds have been doing crooked things like that for 30+ years, so again all we can do is watch for the 13's. Remember also that since this is an OTC stock, the volume could be double counted, someone selling 500,000 shares to a dealer or market maker who sells those to one or more buyers would create a volume of 1MM shares.

  • edmanfan edmanfan Jun 21, 2014 9:38 AM Flag

    What is going to drive the stock to 20, I don't think the stock has traded at 20 in the last 25 years thanks to Ed. In fact, on average, it looks like the average stock price for the past 25 years is around $7, so why should it suddenly be 3 times that price? Is Ed resigning, is he doing a reverse split?
    What does this rag say is going to be the catalyst for a double?

  • It appears everyone else on Wall Street has dropped coverage of RELL due to Ed's incompetence, so we have only 1 company making an estimate for the May Q. That estimate is for 1 cent this year vs 4 cents last year, another great job by Ed. So it's not a coincidence that ER means Emergency Room as well as the initials of the deadbeat who inherited his position and has done nothing to keep it. RELL belongs in the ER for such pitiful results and they will get worse because this Idiot-in-Chief is firing all the Board members who felt Ed's bonuses should be based on results and notice they are being replaced by cronies who will grant even larger bonuses to a guy who should be paying RELL for his pathetic performance. So watch the proxy statements in the future and compare bonuses to his prior bonuses. That's when you will see the similarities between ER and Obummer.
    I never thought I would be able to say this but Ed may be a worse CEO than Obummer, an almost impossible standard. Obummer could care less about the will of the American public or Congress, Ed could care less about shareholders. Obummer will destroy the future to maximize votes today while ER will throw away the future of RELL to maximize his bonus checks today. Maybe #$%$ County should build an ER library next to the Obummer library. Neither would have any policy, management planning, economic policy or Int'l policy books because neither of these idiots appears to have a plan or wants one. Maybe a few Marxist/Socialist books at Obummer's library and a business plan at ER's written by General Custer.

    Sentiment: Sell

  • I'm looking for another stock to add to my CLDX, PLDI and CIEN

    Sentiment: Buy

  • edmanfan edmanfan Jun 4, 2014 10:51 PM Flag

    What were the conclusions, estimates and opinion?

  • Has "It's all about Ed" offered to resign?

  • Reply to

    CNBC worst 25

    by edmanfan May 1, 2014 10:24 AM
    edmanfan edmanfan May 5, 2014 12:39 PM Flag

    Shareholders could care less if the 20% holder appears more stupid than ED, all they know is Ed is one of the very worst CEO's in history. The only hope is he isn't too dumb to figure out he could save a lot of money by going private, eliminating all the fees and expenses of a public company, then he can pay himself $10MM per year and no one can say Boo. This is a mercy kill for shareholders, stop the pain and bleeding after 30+ years of disasters by his mismanagement.

  • edmanfan by edmanfan May 1, 2014 10:24 AM Flag

    CNBC has created a list of the best managers/investors for their 25th birthday. I think they should create a Worst 25 CEO list and ED would be a candidate for one of the top spots. He may not be the worst because as of yet, no one has detected massive fraud or crooked accounting, but he has one of the worst track records in the US. RELL is the same price today ($10) as it was in 1990. Does anyone remember where the S&P 500 or Russel 2000 index was back then. Incredible incompetence!
    And it could be worse, if it wasn't for the 1 competent top manager at the company in my view, Kathy D the CFO, the results would even be worse because ED always overproduced tubes and then had to write them off in the 4Q. He should resign and spend more time drinking by his $10,000 carved stone elephants from Thailand out by his pool and let Kathy or someone new run/sell this company and put shareholders out of their misery.
    Someone suggested Ed may buy another company to boost earnings. I have no idea if that is true, but even though that might be a positive, remember ED is still running this mess so I think he would just screw up the combined company like he has this one. He is getting rid of Board Members whom I assume would not play ball with him and replacing them with cronies who will vote for higher salary and bonuses for him, so it appears his intent may be to screw the shareholders for his own personal gain even more than currently.
    This should be filmed in Hollywood as the new version of "The ED show" because this appears to be all about him, not about a fiduciary responsibility to shareholders.

  • I wonder if some hedge fund short CIEN contacted the writer and gave him this info, makes big bucks for the hedge fund, makes the writer look smart even if kickbacks weren't offered.
    There is only 1 reason to own CIEN; the coming shortage of capacity to deliver video on demand anywhere, anytime on any device. Everyone wants to watch what they want when they want it and the growth of wearables and smart video enabled devices will drive demand for video packet switching that will swamp current capacity. Telecom dinosaurs like CSCO and ERICY whose products were based on switches and routers will need to buy CIEN to be able to deliver this needed broadband video capacity. Forget about this short term #$%$ and trying to trade the stock, this is a core holding sitting in the path of a huge wave of demand, so just put this in your core holdings portion of your portfolio and wait for the buyout.
    A double with no trouble.

    Sentiment: Strong Buy

WNR
39.94-0.20(-0.50%)Jul 21 4:03 PMEDT

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