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Sport Chalet Inc. Message Board

fabulouspoodle 36 posts  |  Last Activity: Dec 24, 2014 12:23 PM Member since: Apr 7, 1999
  • fabulouspoodle fabulouspoodle Dec 24, 2014 12:23 PM Flag

    hey micro, I know my position size is nowhere near many of you guys on this board....but somehow I own 263,000 shares of this #$%$. I do actually like the stock here, and look forward to December earnings call. Unless they really f'd up with delayed shipments, I expect a solid quarter and strong year.

    Also like....KINS, FNHC, LEAT, PESI, HTCH, SCKT, FONR, SGMA, AKS ......................also own MUEL, OLNCF, HERO, ANR, LFVN, NAII, AMPG, SPRS, CPSS, UVE, TRT, MKRS, PFIN, CLGRF, MT, RFP, WIZD, SNFCA, PYDS, OCC, HALL, AEY, ARCI, RVM,...............and a few more. Listing is in no particular order.


  • fabulouspoodle by fabulouspoodle Dec 19, 2014 1:20 PM Flag

    3700 shares at $7.01 so far.

    I saw earnings just after they came out...thought they were pretty strong but stuck my bid in a bit too low. Decided to be a bit more aggressive today just in case. But would add if she heads lower.

    CEO of SGMA remains 'cautiously optimistic' going forward...not a glowing endorsement, but even a small improvement off current earnings would mean that the should fly. If you normalize taxes, SGMA would have made what....maybe .16/share this quarter?

    Decent earnings for a stock valued so cheaply.


  • ...I added just under eight bucks. Made .26 in Sept quarter, estimate is for .28/share in the Dec quarter, strong balance sheet..................should hit double digits soon enuf.

  • fabulouspoodle fabulouspoodle Dec 9, 2014 7:09 PM Flag

    nanocap, that method is illegal. According to the U.S. Securities and Exchange Commission, if a taxpayer buys an identical stock or security within the 30 days BEFORE OR AFTER the sale that creates the loss, then the loss is not deductible..


  • Bruce Simberg, Chairman of the Board, purchases 5,000 shares at average price of $24.15 on December 1, reported on December 2.

  • fabulouspoodle by fabulouspoodle Nov 24, 2014 3:31 PM Flag

    ..they should post a solidly stronger fourth quarter, followed by MUCH stronger quarters in and q2 of '15. They still have by far the highest organic growth rate in Florida insurers, and amazingly, thats without any Citizen takeouts in what, four years? Thus, they also have an extremely high quality portfolio of policies.....and high quality means homes that on average are newer and in more favorable locations than those Florida insurers using Citizen takeouts to grow.

    Personally, while its moved up a lot recently, I still like UVE second most; thats b/c (as I mentioned here months ago) its is a formerly poorly run company that has successfuly turned itself around. They rely less on takeouts then HCI and UIHC....and way less then the new takeout king HRTG. UVE has culled poor quality policies out of their system over the past two years (thus their flat to negative growth rate) and are finally starting to grow.

    Enuf about UVE. FNHC has a very strong management team which has somehow combined insuring conservatism (high reinsurance and no takeouts) and a very high growth rate. We cant look forward, but looking rear view it is pretty obvious the management has made all the right decisions over these past for years.

    The positives are we basically know the next three quarters will be very strong. The September quarter was clearly going to be weak because of the enormous increase in reinsurance expense that hit starting July 1. But now, we have a flat reinsurance expense on a forward qtrly basis (it will go up in December, to a lesser extent, but then completely flat in March and June); while FNHC should continue to increase policies each quarter leading to three sequentially better quarters.

    So, I think FNHC could make for a nice mid termish (maybe over nine months) trade. And if she heads a bit lower, it seems like an even better opp to add.


  • Reply to

    WOW .....9 Cents!!!

    by chessman954 Nov 14, 2014 8:10 AM
    fabulouspoodle fabulouspoodle Nov 18, 2014 10:36 AM Flag

    hey grayble3, BDR purchased 'Drake' in February of 2012, not 'last year'...and the one year period after the closing anniversary was over a year and a half ago. So at this point, BDR's sales growth is 100% orgainic and zero percent due to any acquisitions.

    So right now BDR is definitely an organic high growth story.

    And yup, BDR management is old. The CEO is 84 years old....he probably doesnt do much and has gotta retire soon. He makes around $550,000...probably $650,000 all-in. So even carrying that heavy stone around their neck, they still made a some point he leaves and noone needs to replace him; so that just adds to the bottom line. Plus, if a company was interested in acquiring BDR, they could kick him out, and maybe one or two other high paid 'elderly' out....and those big paychecks would turn to pure profit. Might make for a pretty attractive acquisition. Dumping the CEO's salary alone would add about .10/share to yearly earnings.


  • Reply to

    Level 2 manipulation

    by xwallstcfo Nov 17, 2014 11:54 AM
    fabulouspoodle fabulouspoodle Nov 17, 2014 1:38 PM Flag

    Its legal to hide the bid. I can hide the bid with my broker...I can or have a 100000 share best offer, but only show 100 on the bid. Just call your broker and ask them. Its not a conspiracy and perfectly legal.

    This is one of those boards where lots of people seem to watch every single trade. Maybe thats not a good thing.


  • fabulouspoodle fabulouspoodle Nov 14, 2014 3:26 PM Flag


    I thought KINS earnings were very strong. Made .26 vs .21 estimate, and guided for continued growth. The analyst should be raising his estimate for the Dec quarter soon.

    And remember they would have done much better without the big losses in auto. While only three percent of their policies, that section gave them huge losses. Seems like they lost about .05 in earnings after tax from auto. They stated they are getting out of that business..........but in any case they said sequentially auto will get much better, so thats already a nice little add next quarter.

    With their nice sequential growth, maybe they can make around .28 - .32 next quarter.

    Anyway I liked the earnings and conference call. Didnt buy any today, but I have a very large position already. Still, I may add a few more next week if it hasnt moved from these levels.


  • ..especially considering next quarter should be very strong. Wonder what that guy is buying.

    Very strong support around .40/ heavy if it should get there.


  • Reply to

    WOW .....9 Cents!!!

    by chessman954 Nov 14, 2014 8:10 AM
    fabulouspoodle fabulouspoodle Nov 14, 2014 3:07 PM Flag

    best buy was low margin, you can tell since $2.7 million of it hit in the second quarter, then only $1.7 in the third quarter. With the lower sales to BestBuy, margins went up a lot this quarter.

    And they did say that they believe DirectTV negotiations will end soon, and expect several orders in this fourth quarter if that happens. That would be big.

    Plus, we are not sure when the orders will hit...but they mentioned lots of new initiatives which will start soon. So even if q4 is not as strong, '15 should have some huge quarters.

    And then there's that mandate the discussed where everyone has to go digitial by September '15.....they said they expect loads of orders due to that.


  • Reply to

    Holding the break over 1.70 well...

    by mandrlane Sep 3, 2014 6:47 PM
    fabulouspoodle fabulouspoodle Nov 14, 2014 11:27 AM Flag

    gands, you seem to hate this stock. Complaining that you didnt sell on every huge move upwards. Well here's another opp to sell......plenty of volume, and you can get $1.80 right now, thats more then Peter or the CEO got.


  • ..December should be a strong quarter, but geeze, 2015 is gonna be a blockbuster with all the new products. luvs me some LEAT.

  • fabulouspoodle fabulouspoodle Nov 10, 2014 10:55 AM Flag

    The special dividend was .13/share last year, so it is being increased by .02/share this year (about a 15% increase).

  • fabulouspoodle by fabulouspoodle Nov 6, 2014 5:25 PM Flag

    ....why couldnt they explain the reasons for the S-3...when/if it will be used.... in a PR a month back the same intelligent and rational way they explained it in the conference call. It relieved every one of my concerns, and could have been done in a one paragraph pr at the time of the filing.

    Anyway, better late then never, and I have no problem further problem with the S-3.


  • fabulouspoodle by fabulouspoodle Nov 6, 2014 4:32 PM Flag

    ...were as expected. The share price had bad news in it, but there was nothing bad in the numbers, CEO optimistic going forward.

    Any decent Dec quarter revenue should really lever the bottom line.

    You never can tell with this one, but I think it should trade up from here, perhaps building some momo into what should be a strong q3. Maybe hits .60+ during the quarter.


  • fabulouspoodle fabulouspoodle Oct 30, 2014 12:10 AM Flag


    SNMA had a great quarter, but the last quarter SGMA reported was poor...break even.

    Some sectors are doing real well, and some sectors are doing poorly.....unfortunately a lot depends on what sectors the customers of these EMS players service.


  • Reply to

    Lagging behind its competitors.

    by baronsmith29 Oct 25, 2014 1:28 PM
    fabulouspoodle fabulouspoodle Oct 29, 2014 11:41 PM Flag

    matsky, yup, they are self indulgent. Flip side, and what helps shareholders is that they have bought back tons of stock over the past two years, and have the best dividend of the Florida insurers. Plus, they have in recent years often given a special dividend. Since they stated just a few months ago that they are looking at ways to further enhance shareholder value, they just might be looking to offer another special dividend....which they would probably announce in late November.


  • Reply to

    Lagging behind its competitors.

    by baronsmith29 Oct 25, 2014 1:28 PM
    fabulouspoodle fabulouspoodle Oct 29, 2014 11:14 AM Flag

    do you have any idea what you're posting. UVE has been expanding to other states faster than its competitors ( although I dont really care about that). FNHC has grown faster than doubt that, but it also gets a huge premium. UVE has what, over three times the number of policies in force than FNHC, yet their market caps are about equal. I have nothing bad to say about FNHC. But UVE is a big company that has just started getting its act together after dumping their erratic CEO about two years back. They have been focused on culling some of their riskier Florida policies to bring up the quality of their portfolio....thus their flat to negative growth in Florida (somewhat offset by their increasing growth outside Florida). And now, they say they are ready to start growing....ready for a turnaround. Plus they also stated they are trying to find ways to benefit their shareholders....they already pay a nice divvy, maybe a special divvy announcement in late November? Theyve donet that before.

    I dont luv these Florida insurers as a group....they've gone up a ton. But if I had to pick one to own right now on a risk reward would be UVE. Hurricane season basically over, huge customer base (policies count), makes lots of money, nice divvy, and now it may start growing some.


  • Reply to

    10/15 Short Interest at 15.3M down from:

    by tomdaugherty_penn Oct 27, 2014 4:21 PM
    fabulouspoodle fabulouspoodle Oct 27, 2014 9:02 PM Flag

    Tom, I do need some help....although I long one of the few who sold out on the spike to towards fourteen not that of long ago, so I dont need financial help.

    But I am thinking of buying looks very cheap down here. So, why have they not been able to sell the properties that have been up or for sale for what, two years now? They seemed confident that they'd be able a year ago that they'd have more than a smallish JV by now.


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