Equities Research reiterates: STRONG BUY
EGHT finished the year with $52 million in cash (and marketable securities) and NO DEBT.
Operational Cash Flow for the year improved to $31.8 million for FY2013 up from $9.2 million in FY2012
$22 million improvement, 245% increase
FY2013 $0.42 operational cash flow per share
75 million shares outstanding times $7.37 per share = $552 million market cap
$552 mkt cap - $52 million in cash = $500 million mkt (less cash)
$500 mkt cap divided by $31.8 million CF = 16 times operational cash flow (on trailing tm numbers)
6 analysts on $EGHT Call. Will any Upgrade or downgrade or stay where they are? #sidoti #williamblair #dougherty #northland #craighallum
Sentiment: Strong Buy
wall street journal online article from last week about hte couple that at one time used dynavox. not sure if the link will work. but if u google dynavox in wsj from may 8th you'll find it.
the new Stratasys (post merger) already reported financials as a combined company in the last SEC filing.
Together the new entity reported $1.4 Million in operating cash flow for the full year year 2012. (Stock is trading nearly 2300 times Cash Flow.)
Carrying $822 million of GOODWILL is another great line item. (or how about the HALF BILLION DOLLAR increase in INTANGIBLE assets?)
All the hype and fluff every where you turn, but at the end of the day its the financials that matter. It may see $94 again with all the bulls out there, but eventually it won't live up to the hype at these levels.
It will one day be a "dime a dozen" product that you can buy at walmart from some little competitor. THe company makes it sound like the NEXT APPLE on the NEEDHAM Conference during the 1st quarter.
I doubt everyone will "have to have" a 3D printer any time soon.
These 2 companies really needed one another. SSYS probably told OBJET, we'll value you at $1 billion if you don't mind us valuing ourselves at $1.2 billion. (we get a premium because we're a public company).
Only problem now is OBJET shareholders will need to get liquid. 6 month period is over (December 3rd 2012 was close of deal).
I would guess SSYS will do an underwriting (like DDD just announced)) soon. (I mean that's how wall street keeps their lights on, raising money for hot hyped up sectors). Janney Montgomery initiating a buy this afternoon shows they are probably jockeying for position to get a slice of a deal.
Brokerage Firms aren't focusing (highlighting) on the statement of cash flow because it will make it harder to float a deal (raise capital) at these lofty levels.
SSYS is no DDD.
DDD has significant operating cash flow (enough to grow internally).
SSYS NEEDS an underwriting because the EARNINGS QUALITY is so poor.
there's a good chance stock goes to $41 without splitting, the financials get reported Monday, that may be enough
Sentiment: Strong Sell
On March 4,2013 an investor filed a Form 3-A with SEC disclosing he owned 999,144 shares of DVOX.
On April 23,2013 the same investor filed a Form 13-G A with SEC disclosing that he now has ZERO shares.
WOW. I wonder if he sold at $0.70 or under $0.30.
I think the latter because if he would have sold at the high prices he may have had to file the 13-G A sooner because shares were above $0.50 weeks ago.
In any event , the underlying business still generated operational cash flow and has cash based on teir most recent 10Q filing.
Wonder if company will comment their plans about moving forward regarding trying to get listed again?
If it was a private company , this business i would think be would worth more than its $4.7 million market cap. Unless there is no future whatsoever, which in that case , $0.15 would be way over valued.
don't know. that makes a market.
I'm a sticler for details and after learning the top 2 execs own in part the entity Dealer Sites LLC, i dug a little deeper and found this article.
ONly problem is i can't find this transaction in any SEC disclosure. Don't know if TITN made a profit or lost money on this transaction? this is really too close for comfort IMO
6340 E. County Road 101, Shakopee
Price: $2,476,734 Filing date: 7/28/2011
Seller: Titan Machinery Inc. Buyer: Dealer Sites LLC
Property ID: 271030010
the more of the 10K I read, the worse it gets.
10K discloses top 2 Execs both raised annual salaries from $330k to $500k.
TITN lease 46 of 93 stores from entity owned in part by same top 2 Execs. $50million plus in lease contracts
from 10K: We extend credit to our customers, generally on an unsecured basis...if a large number of customers should have financial difficulties ....our credit losses ...operating results would be adversely affected. . delinquencies and credit losses generally would be expected to increase if there was a slowdown in the economic recovery or worsening of economic conditions
......in the event of a fundamental change, as defined in the ($150million) Indenture, the holders of the Convertible Notes may require us to purchase all or a portion of their notes for cash at a purchase price equal to 100% of the principal amount of notes to be purchased, plus accrued and unpaid interest.
they did get financings. $125 million long term note (received last year). they also have floorPlan debt. FloorPlan Payables increased by $137million to $689million. up 25% yoy.
the only reason they are sitting on $124 million in cash is because they borrowed $125million.(which is a long term liability).
As far as increasing sales are concerned: Negative Operational Cash Flow is the result of sales on credit. Favorable credit terms to the buyers creates sales. Making sales is great, waiting forever to get paid for the product from the buyer is what counts. (or in this case not counting).
if you go to their shop today and buy $100k tractor with no money (or little money down), they will report 100K in revenue, 18K in profit (income), but because you only gave them a nickel , then they didn't receive any operational cash flow from you. you walk away with a $100k product and they don't get barely any cash from you. what happens if your small business suffers and you can't make payment? they are beat.
Obama and the Banks are killing small business owners and banks are allowing anyone to get credit . its trickling down and trickling up. it sucks. TITN's tractor sales are like the housing bubble where people with subprime mortgages never paid for their houses and ended up foreclosing.
i don't wish ill-will on any of these folks, its just the state of the economy.
all there acquisitions may have all been suffering the same way. its sad. its unfortunate. i am not happy about it. i just warning people who only read the income statements and sales number and don't read the balance sheet and statement of cash flow.
Q4 numbers out this morning
FY2013 Operational Cash Flow : Negative $115 million
Sentiment: Strong Sell
thanks for heads up. i've been hearing that since $30. In most stocks there is always a risk of a squeeze on the bear side. Squeezes don't last forever though, eventually fundamentals factor into price of the stock. we'll see in the morning. one of us will be happy, hope its me lol
Statement of cash Flow, Inventory Levels, Debt
Company has poorest earnings quality in market. Stockdiagnostics suspended its rating on the stock and detected the EPS Syndrome in 2012.
Sentiment: Strong Sell
it would be nice if FONAR MRI could capitalize from the attention on concussions. I saw power lunch todsay on CNBC and they discussed GE & the NFL and concussions.
finally done examining SEC disclosure. If you don't read the annual report and you end up losing money here , it will be your own fault. Product may be good, but don't overpay to become a shareholder. just be patient and wait. There are plenty of other stocks worth taking a look at in the meantime.
Great question. The company hasn't filed a financial statement since November and postponed their February report to approx March 4th.
Its too Opaque to buy this stock. They gave no guidance at the Needham conference.
Need to see Numbers. even the March report will only be numbers through Dec 31, meanwhile 1st quarter will almost be over on March 4.
There's approx 38 million shares out. Times $72 = approx $2.7 billion mkt cap.
if this company was trading at a forward PE of 27 they would have to have 2013 net income of $100 million. I don't see it.
At a fwd PE of 54 for 2013 they would have to have 2013 net income of $50million...i don't see it.
Reality is ....all we know is htat for the first 9months of 2012 they generated $2 million in operational cash flow.
$2 million...with a "M".........there's a penny stock DVOX that trades at a mkt cap of $10 million that generated $1.8 million for the most recent quarter.
Sentiment: Strong Sell
If you want to know my next short pick order my newsletter....i nailed this one on the long side and the short side...
your case is logical.
I don't agree with you though that this is a strong sell. A company that just did $36 million in sales and generated $3million in operational cash flow for 6 months has value.
There is a price (value) ( a market) for a business that is Profitable in a nightmare environment that you eloquently describe.
At the current stock price, market capitalization is around $10 million.
I wouldn't consider this business to be a sell at these levels. In my opinion this underlying business is worth significantly more.
Today's report showed a Profit for the Quarter. The CEO whispered it on the conference call and you had to get to about the 5th paragraph of the announcement to even find it.
NEtFLix generated negative $16 million in operational cash flow in their most recent quarter. ( save that for another day. My point is the market isn't always logical.)
At a penny a share EPS for quarter, annualize that out 4 qtrs and you have $0.04 in annualized EPS. at a PE of 20, its 80 cents a share 3-6-9 months out. from here that's a double. i think its a strong buy imho
Sentiment: Strong Buy
i think you hit the nail on the head