Tue, Sep 16, 2014, 12:19 AM EDT - U.S. Markets open in 9 hrs 11 mins

Recent

% | $
Quotes you view appear here for quick access.

Linn Co, LLC Message Board

forbespointperson 15 posts  |  Last Activity: Aug 19, 2014 4:13 PM Member since: Oct 5, 2005
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • forbespointperson by forbespointperson Aug 13, 2014 2:30 PM Flag

    Roth Capital reaffirms its Buy rating and $27 target on Synta Pharmaceuticals, Inc. (Nasdaq: SNTA) following Q2 results and announcement of a new CEO appointment. Analyst Joseph Pantginis comented: We are encouraged by the appointment of the new CEO, Anne Whitaker, particularly as we believe her commercialization skills and knowledge will come in...

    Sentiment: Strong Buy

  • forbespointperson by forbespointperson Jul 25, 2014 10:04 AM Flag

    GA needs to get the program finished or the investors are going to have his head (figuratively of course).
    His optimism is always refreshing, however, it wears thin if you have been believing for so long that the finish line is only one step away. The next relationship, the next hand shake, the next trip, the next quarter..... after a while you start to think it is just your lack of understanding and then it moves quickly to GA, who has either inspired you wrongly and on purpose so just maybe you think you have been hoodwinked. Have we all been fooled, are we fools or are we about to make a boat load of $$$$$$$?

  • forbespointperson forbespointperson Jul 7, 2014 3:20 PM Flag

    The best "IS" yet to come!

    The light of day does, however, need to shine on Jerry Ford and the BODs who are responsible for stripping too much $ out of FAC for personal use and benefit.

    If they would let the Company run well without these huge management cash bonuses they would profit more from stock appreciation. I say give small salaries and zero cash bonuses but 100% stock awards.

    I do not mind getting diluted with shares issued provided there are proper levels of incentives for performance. That way even the agents and line employees that work hard and prosper the Company can play in the gains by buying stock on the cheap and selling it for a profit.. Then FAC creates a "win/win" approach instead of a "win-lose" approach.

    Note to BOD: Everyone needs to win for FAC to succeed. Get a clue!!!!!!!! Higher tides floats all ships.

    Sentiment: Strong Buy

  • Reply to

    FAC Upgraded

    by forbespointperson Jul 18, 2014 1:55 PM
    forbespointperson forbespointperson Aug 4, 2014 11:19 AM Flag

    Surely the Fords (dad, Gerry, and son, Jeremy) know the only way out of this stock (for themselves) is via "build" value and "sell". They keep shooting themselves in the foot by killing the bottom line with bonuses and not building the earnings and stock value. The same goes for management with stock.
    Explain why the Fords should not be as interested in building share value as much as we shareholders are? It make no sense for them to continue to pay friends and other high salaries while the stock value suffers. FAC should build a high (and much higher) stock value and the Fords should sell out over time. What am I missing about their motives?

    Sentiment: Strong Buy

  • Reply to

    Class Action Lawsuit Pending?

    by tgirth May 2, 2014 3:16 PM
    forbespointperson forbespointperson Jun 23, 2014 8:33 PM Flag

    It is a bad idea to sue the Company. Only the attorneys win. The dollars are not cost justified. It just sounds like sour grapes. However, you do have a good point about the top executives getting bonuses. That has got to stop! If it doesn't stop soon, it might be better to tip the SEC. Inside payments are already on the fringe of honest.
    The BOD are liable for proper treatment of the shareholders and the BODs tends to participate in the good ole buddy system using FAC monies. This is PUBLIC CO. $ and they should not breech their fiduciary duty or the class action that will come will be from minority shareholders. In the interim I am still a strong buyer.

    Sentiment: Strong Buy

  • Hey, I get the point some people were, and are, not happy with the way management treated (and treats) their employees. But really, you think you can benefit from complaining? It will not happen. No reward will be forth coming to those who worked, got paid, accepted their money and moved on. It just does not work that way. Attorneys will settle and keep another big amount for themselves. So post somewhere else and let those who are investors talk through the fact they have doubled their money recently through stock appreciation, the PEs are excellent, margins are working, product is selling, and the best is yet to come.

    Sentiment: Strong Buy

  • Reply to

    Should we continue or mount a coup

    by forbespointperson Jul 25, 2014 10:04 AM
    forbespointperson forbespointperson Aug 19, 2014 4:13 PM Flag

    The 64,000 question is when!

    Sentiment: Hold

  • forbespointperson by forbespointperson Jul 18, 2014 1:55 PM Flag

    Wow, FAC got upgraded.
    Did you see it soar?!!!!!!!!
    Well, I still think FAC is a great company with huge potential if JF will stop over paying his friends.
    Gerry, the SEC is watching.

    Sentiment: Strong Buy

  • Reply to

    pending class action suit

    by cub1cadet Aug 9, 2014 2:34 PM
    forbespointperson forbespointperson Aug 19, 2014 4:05 PM Flag

    FAC could be counter suing this class for damages. Good luck as the counter suit may be against each filer individually and not the class. That means each class member has to defend themselves alone with their own attorney. Yikes and good luck!

    Sentiment: Strong Buy

  • Take the recent quarterly gross revenue of $67.1M times four equals $268.4M annually.
    Multiply times the reciprocal of the most recent combined expense ratio or 5.8%, you get projected earnings of $15.6M or EPS of 38 cents. Multiply that times 15 PE and you get $5.70 per share.
    FAC is under valued in the market. Going up from here.

    Sentiment: Strong Buy

  • First Acceptance Corporation
    My Valuation = $5.70 per share - see below and refute if you can!
    Take the recent quarterly gross revenue of $67.1M times four equals $268.4M annually.
    Multiply times the reciprocal of the most recent combined expense ratio or 5.8%, you get projected earnings of $15.6M or EPS of 38 cents. Multiply that times 15 PE and you get $5.70 per share.
    FAC is under valued in the market. Going up from here

    Sentiment: Strong Buy

  • There was a greater than 11% increase in PIF over the six months just ended, 6/30/14.
    Using the rule of 72 that means it will double in slightly more than 6 years.
    FAC is under valued in the market. See post showing current valuation @ $5.70 per share.
    You do the math!

    Sentiment: Strong Buy

  • Goldman Sachs Discusses Axiall (AXLL) Strategic Options
    Street Insider
    Goldman Sachs reiterated a Buy rating on Axiall Corporation (NYSE: AXLL) and raised its price target to $54.00 (from $52.00).
    Analyst Brian Maguire discussed potential strategic options.
    "Over the past 18 months, AXLL has been the worst performer in our coverage, down 34.1% vs. the Russell 2000 up 18.7% which we attribute to both industry wide (a sharp decline in ECU margins, slow pace of US housing recovery) and company specific factors (multiple operational issues).
    While we do not take a view on the likelihood of any one particular strategy, we believe AXLL has several potential options to improve investor perception of its assets and earnings power," said Maguire.

    "AXLL is currently attempting ethylene backward integration through its announced condo-cracker with Lotte. However, in our view integration could be achieved more efficiently, quicker, and with less risk through a potential merger with an existing ethylene producer, particularly as we also think AXLL would be an attractive vehicle for positioning for chain margins moving downstream and diversifying end market exposure.

    Separately, on its 2Q call management indicated it may divest its Aromatics segment, which we believe could unlock hidden asset value. Finally, following its recent share price decline and rising US construction costs, weestimate AXLL s assets are valued at less than half of their replacement value," he added.

    Sentiment: Strong Buy

  • Globe Newswire Europe

    First Acceptance Corporation

    NASHVILLE, TN, August 5, 2014 -- First Acceptance Corporation (FAC) today reported its financial results for the three and six month periods ended June 30, 2014.

    Income before income taxes for the three months ended June 30, 2014 was $3.7 million, compared with income before income taxes of $2.3 million for the same period in the prior year.

    Net income for the three months ended June 30, 2014 was $3.5 million, or $0.08 per share on a basic and diluted basis, compared with net income of $2.1 million, or $0.05 per share on a basic and diluted basis, for the same period in the prior year. UP 60%!

    Income before income taxes for the six months ended June 30, 2014 was $4.3 million, compared with income before income taxes of $4.4 million for the same period in the prior year.

    Net income for the six months ended June 30, 2014 was $4.0 million, or $0.10 per share on a basic and diluted basis, compared with net income of $4.1 million, or $0.10 per share on a basic and diluted basis, for the same period in the prior year.

    Joe Borbely, the Company`s President commented:

    "We are pleased that the recent investment in our people, operations and product is being realized in our top-line results.

    Acceptance is becoming recognized as a market leader for auto insurance in the communities we serve. Our multi-channel approach offers our customers the ability to purchase insurance products the way they want: by clicking, calling or visiting one of our 353 neighborhood locations."

    Revenues. Revenues for the three months ended June 30, 2014 were $67.1 million, compared with $62.5 million for the same period in the prior year. Revenues for the six months ended June 30, 2014 were $129.7 million, compared with $121.8 million. This UP over 6%! Using the rule of 72 that will double in 12 years!

    Sentiment: Strong Buy

  • Reply to

    berkshire after buffett, the author

    by hjclasvegas6969 Aug 5, 2014 4:33 PM
    forbespointperson forbespointperson Aug 5, 2014 4:48 PM Flag

    GO Look at FAC as a direct competitor to Berkshire and the stock is under priced in the market. It should be twice the current market north of $5 per share!

    Sentiment: Strong Buy

LNCO
29.91-0.10(-0.33%)Sep 15 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Avanir Pharmaceuticals, Inc.
NasdaqGSMon, Sep 15, 2014 4:00 PM EDT
21Vianet Group, Inc.
NasdaqGSMon, Sep 15, 2014 4:00 PM EDT