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MFRI, Inc. Message Board

fabulouspoodle 59 posts  |  Last Activity: Nov 18, 2014 10:36 AM Member since: Apr 7, 1999
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  • 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 ton.....at 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.

    best.

  • 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.

    best.

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

    y.mario,

    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.

    best.

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

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

    best.

  • 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.

    best.

  • 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.

    best.

  • ..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.

    best.

  • 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.

    best.

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

    a8,

    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.

    best.

  • 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.

    best.

  • 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 everyone.....no 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 basis...it 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.

    best.

  • 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 SFY....it 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.

    best.

  • 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 6:31 PM Flag

    tom, they've been openly trying to sell that property for two years. They hired a banker, opened their books, made available any and all information they had on those properties to any properly vetted company......yet noone made a reasonable offer over the past several years. The process was supposed to end nine months ago.

    Why do you think they have not found a buyer with all these other sales at very high prices happening all around them?

    best.

  • fabulouspoodle by fabulouspoodle Oct 22, 2014 7:01 PM Flag

    ...they expect "growth to reaccelerate for the remainder of the year".

    quote (or pretty close) "We picked up what we felt we lost in September in the first few weeks of October."

    We feel comfortable with external estimates for next quarter and expect greater than 20% topline growth.

    The are very optimistic about 2015.

    The big negative is that management seemed pretty sure of a strong Sept quarter in the June qtr pr and conf call. Somehow they were wrong. So could the pull that again? Hope not.

    Tangible book value is around $12.97/share...should go up to $13.30+ after next quarter.

    best.

  • fabulouspoodle fabulouspoodle Oct 22, 2014 4:01 PM Flag

    Obviously, a lot is built into the price at this point, but everyone seems to forget that sfy SFY is estimating that their production will drop the back half of this year (from their last earnings release).. I think production for q1 was 2.94 MMBOE, q2 was 3.45, q3 estimate is 2.82, and q4 is 2.69. Plus, they are expecting their lease operating costs to increase by a significant amount.

    Just look at the guidance they gave in last quarters pr.

  • fabulouspoodle by fabulouspoodle Oct 20, 2014 11:55 AM Flag

    I am now back just under my peak number of shares when I was selling at higher prices.

    Conversion of the notes at $3.75 is (for the $37.5 mil note) seems reasonable to me.

  • fabulouspoodle fabulouspoodle Oct 20, 2014 11:48 AM Flag

    They convert at $3.75/share; 266.666 shares per $thousand principal with the exception that if a 'Fundamental Change' in the company occurs (as defined in the agreement), the Noteholders have further rights.

    read the 8k for complete details.

  • Reply to

    Oct 22

    by westnash1 Oct 16, 2014 6:59 AM
    fabulouspoodle fabulouspoodle Oct 16, 2014 1:35 PM Flag

    i'll go with .47/share on 81 mil

MFRI
8.60+0.05(+0.58%)Nov 21 3:59 PMEST

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