Read it and weep is you own any chicken meat or egg dependent company in this country for the near term.
"the recall will NOT effect Germany" -- (sic) Capt.
Thank God!!! Given the fact Germany has sold so MANY melafind devices and is such an important market for the company, huh?
Capt, you do understand the concept that when the stock is being manipulated by a penny stock service, most of the new "long" IDs are not really your friend; right?
"Oh no, don't look now Fncy because LOCO is up 2% today" ?
Seriously, capt? You believe that the 2% up tick is more telling than the 24% drop in price in less than a week ?
You go ahead and believe what the company execs want you to believe. Just like the "cold weather" always seems to be a pocket excuse why the US economy is doing poorly, "conservative outlook" is always the go-to excuse for shareholder excuse presentation for poor stock performance.
The reason you didn't hear about the bird flu is because loco management is sharp enough to know not to use every excuse all at one time. You watch. come the fourth quarter report, you will hear the bird flu is a major reason why there are issues with the stock. If not by the end of this year, certainly by the next.
Texas loves chicken and I believe the area is a good demographic for loco. I just wonder how they are going to fund the launch? Perhaps by a secondary offerings? Spending hundreds of millions to open a new area is even harder on pps when your margins get pinched. We will see.
I have been seeking all manner of information on possible new stock purchases and came across a couple of articles discussing RAD as a "good" investment option. I dropped by our recently remodeled Rite Aid store to check it out.
I have to admit what I saw was a nicely remodeled floor plan with lots of open space where rows of merchandise used to stand. What was very disappointing to me was the fact that not only is there now much less commercialized space to offer goods, the store reminded me more of a department store as opposed to a pharmacy. It offered a smattering of just about everything imaginable from steam irons to girls clothing, from dog food to liquor etc.
It almost seemed to me that the store had no real identity and that it was offering everything possible in the hopes that somebody would buy something.... anything (like the pizza cutter hanging there). I then dropped by Walgreens and saw an older store with row after row of pharmacy "type" goods for sale. The Walgreens store also had a lot of something else that the Rite Aid store appeared to lack; customers.
Sorry.... I believe I am going to have to pass on Rite Aid. I felt it somewhat "lost".
"Capt has a hard on with mela up 17 cents"
It is only up 17 cents for those who bought into mela after the 1:10 reverse split. For folks like the capt, it is up less than 2 cents.
To add insult to injury; the capts' LOCO stock is down another 4+ % today. Of course, the capt will say he is still up thousands of dollars or that he secretly sold it.
The code word is: N1H5. Shhhhh............... pass it on.
Capt's LOCO is down about 20% over the last few days.
Ouch.... that is gonna leave another ugly mark.
Is it just me or does anyone else think it totally ironic (and hysterically funny) that the first place Sam wanted to stop off at is the one country that made such pathetic investment decisions that it is on the verge of bankruptcy itself?
The capt thinks he is Joan of Arc when it comes to "exposing" what are perfectly legal in-house medical tests but has virtually no problem with (and comes to the defense of) his own dermatologist who illegally allows his nurse practitioner to use the mela find on patients when the FDA and Mela's own website insist it is to be used exclusively by a licensed dermatologist who has completed a training course in the use of the machine. Period.
Oh.... they give a flying cluck alright. Don't kid yourself.
It is just that certain individuals would rather kill the golden goose than make money. I have financially ruffled their feathers so often that they would prefer to follow my advice in private least they admit they profit from the chicken feed I toss them now and again.
HUGE sums of money over the H1N5 already in the bank from shorting. The capt will be the first to admit his chicken s *it LOCO stock took a massive hit. Too bad he is not a subscriber to the Dancer way of life. If he had, he would have known better.
I still believe that it is only a matter of time before mela will politely inform you (and all other shareholders) that the game is over and that they appreciate your being such fine contestants.
Not too sure what your parting gifts are going to be yet however; I dont believe it is going to be :
" A BRAND NEW CAR.......!!! "
"Mela is not faced with the unrealistic goal of repaying $190 million loan at this stage." - capt
Good point capt. Mela apparently does not have to be concerned about repaying money it is legally obligated to do so (along with high interest) because the vast majority of that $190 Million is not a "loan" but a debt to the shareholders.
The best part of the issue is that Mela has virtually NO financial obligation whatsoever to repay you (or any other long term bag holder) the hundreds of millions of dollars of investment you all have provided to the company.
I bet you feel much better now that you understand that issue more clearly.
This is a much better scenario as far as I see it (at least for the benefit of mela).
A little Dancer insight for you, capt: There is this little thing going on in the heartland of this country known as the H1N5 bird flu virus that has already been responsible for the culling of over 100 million egg and consumption poultry in the midwest. The virus now appears to have become pandemic as out breaks of H1N5 has been reported in Asia as well.
The price of consumer eggs in the central state regions has already increased around 20% due to the death of substantial egg producing chickens. The fryer chickens are also being hard hit and it is only going to get worse when the flu season actually STARTS in the fall. This outbreak is shaping up just to be previews of whats to come.
Now, consider the situation and you decide which side of the fence you wish to be standing on with respect to companies that focus on poultry products as their main product. Margins are going to get hammered. You think you should be Long or Short?
Fortunes have already been made shorting because the writing has been on the wall for some time now. I tried to give the same warning on the Tyson Food message board a couple of months ago and what do you think happened? Of course, some idiot and rabid long jumped on me just like the capt did here. Which one of us do you think is crying today?
So in essence, what you are saying is that the $190 million is not so much a debt but, a "gift" to mela from the shareholders without mela having to worry about paying it back. So, the Capt essentially turned over a monster amount of money he was saving for his imminent retirement to mela so that management could have perks, Hawaii trips, lobbyists could party with the D.C elite etc.
Wow.... what a generous guy. I tend to save (or make) money so that I can do those things for MYSELF rather than for the enjoyment of other people. Actually..... when I think about it, the capt not only paid for all those great perks for mela management but for me as well. Capt, I will offer a toast to you later this year when I am on my various adventures in Italy, Norway, Alaska and Hawaii. Thanks buddy, you are the best !!
Given the capt's investment history, how would you rank his ability to retire with sufficient assets to support himself?
Capt, are going to point out what was wrong with the Basher post about the company having debt of nearly $190,000,000.00 and the income being something like; zilch?
You were pretty quick to say it was wrong but when the poster responded that it was taken verbatim from the company report, you did not offer any clarity or correction. You just continue to act like a parrot and say we are mistaken.
Why dont you point out EXACTLY what was wrong with the posted statement ? Otherwise, some Newbie might come to the conclusion that you are nothing more than a desperate bag holder who will say anything to further his personal mela agenda.
"Sorry to say, that list is getting pretty long" - capt
Sorry to say, you cannot say the same for the number of figures in your savings account.