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First Acceptance Corp. Message Board

forbespointperson 12 posts  |  Last Activity: Dec 16, 2014 3:46 PM Member since: Oct 5, 2005
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  • forbespointperson by forbespointperson Dec 16, 2014 3:46 PM Flag

    Bought 1,000,000 shares yesterday. Sold today. Made $2M profit in one day. Nice trade if it was true.

    Sentiment: Strong Buy

  • LNCO will double in less than 4 years with dividends alone!
    What am I missing?

    Sentiment: Strong Buy

  • forbespointperson by forbespointperson Nov 6, 2014 12:46 PM Flag

    Linn Energy (LINE) is having a better day than it did yesterday, with its unit price up by more than 1% after it tanked yesterday following its latest earnings report.
    Today Raymond James analyst Kevin Smith reiterates an outperform rating with a $33.00 target price, nearly ten bucks north of where it’s trading today.
    Truth or dare?

    Sentiment: Strong Buy

  • forbespointperson forbespointperson Nov 6, 2014 11:31 AM Flag

    HINT: Look at, and understand, "comprehensive income."

    Sentiment: Strong Buy

  • forbespointperson forbespointperson Nov 5, 2014 12:57 PM Flag

    Earnings came in better than expected.
    I feel like Goldman will be redeemed by their target price of $54.

    Sentiment: Strong Buy

  • Numbers came in better than I thought. And they opened a new store front. First one since 2008. Good job!
    Guess you have to allow smart people to run FAC. They are positively killing performance on a comparative basis.
    Look at comprehensive income year-over-year and see it is up over 500%. This is unheard of for FAC.
    They are making money selling insurance and making money investing reserves. Maybe Buffet will want to buy FAC.
    This was a great quarter with what I hope is the turn toward a terrific calendar year.
    Nine quarters of upward growth? Not bad!

    Sentiment: Strong Buy

  • Reply to

    Q3 Revenue?

    by si.dogood Oct 7, 2014 1:53 PM
    forbespointperson forbespointperson Nov 4, 2014 4:55 PM Flag

    Numbers came in better than I thought. And they opened a new store front. First one since 2008. Good job!
    Guess you have to allow smart people to run FAC. They are positively killing performance on a comparative basis.
    Look at comprehensive income year-over-year and see it is up over 500%. This is unheard of for FAC.
    They are making money selling insurance and making money investing reserves. Maybe Buffet will want to buy FAC.
    This was a great quarter with what I hope is the turn toward a terrific calendar year.
    Nine quarters of upward growth? Not bad!

    Sentiment: Strong Buy

  • Reply to

    Q3 Revenue?

    by si.dogood Oct 7, 2014 1:53 PM
    forbespointperson forbespointperson Nov 3, 2014 11:51 AM Flag

    At those metrics you should see a possible doubling on your investment at these prices. Eh?

    Sentiment: Strong Buy

  • Reply to

    New Market Cap

    by infoman37 Oct 30, 2014 1:57 PM
    forbespointperson forbespointperson Nov 3, 2014 11:48 AM Flag

    Material Modification to Rights of Security Holders.
    As previously disclosed, at the special meeting of the Company's stockholders held on October 28, 2014, the Company's stockholders approved an amended and restated certificate of incorporation of the Company to effect the 12-for-1 Reverse Stock Split of the Company's common stock, and approved an amendment to the amended and restated certificate of incorporation of the Company to change the Company's name from "Transcept Pharmaceuticals, Inc." to "Paratek Pharmaceuticals, Inc."

    On October 30, 2014, in connection with, and immediately prior to, the completion of the Merger, the Company filed the amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split. As a result of the Reverse Stock Split, the number of issued and outstanding shares of the Company's common stock immediately prior to the Reverse Stock Split were reduced into a smaller number of shares, such that every 12 shares of the Company's common stock held by a stockholder immediately prior to the Reverse Stock Split were combined and reclassified into one share of the Company's common stock. Immediately following the Reverse Stock Split and the Merger, there were 14,417,936 shares of the Company's common stock outstanding.

    No fractional shares were issued in connection with the Reverse Stock Split. In accordance with the amended and restated certificate of incorporation, any fractional shares resulting from the Reverse Stock Split will be rounded down to the nearest whole number and each stockholder who would otherwise be entitled to a fraction of a share of common stock upon the Reverse Stock Split (after aggregating all fractions of a share to which such stockholder would otherwise be entitled) shall, in lieu thereof, be entitled to receive a cash payment in an amount equity to the fraction to which the stockholder would otherwise be entitled multiplied by the closing price.

    Sentiment: Strong Buy

  • forbespointperson by forbespointperson Oct 31, 2014 12:40 PM Flag

    Book value per share and cash value per share with zero debt allow you to buy TSPT as founder's stock.
    There is actually more cash per share with zero debt that is higher than the market price per share.
    You are buying cash for cents on the dollar.
    What am I missing?

    Sentiment: Strong Buy

  • forbespointperson by forbespointperson Oct 31, 2014 11:38 AM Flag

    Raymond James Upgrades Pan Am Silver (PAAS) to Outperform
    Raymond James upgraded Pan Am Silver (NASDAQ: PAAS) from Market Perform to Outperform.
    Buy? What is the target?

    Sentiment: Strong Buy

  • forbespointperson forbespointperson Sep 27, 2014 2:44 PM Flag

    I would respectfully request you go back and review the reporting of earnings when a NOL reserve is removed from the deferred tax asset recorded on the balance sheet. They (FAC) used this method when reporting earnings back shortly after LBI and USA Auto merged. They (along with the outside CPAs) believed the NOL was fully available for use and booked the benefit into earnings. Somehow they managed to push EPS up dollar for dollar for every dollar of NOL used to reduce the book tax expense.
    I do not want to act like I am some sort of CPA with extensive knowledge of GAAP accounting rules, but look back and see how they (FAC) utilized the NOL that made its way into EPS. This was the GAAP treatment before the NOL's use become no longer assured beyond a reasonable doubt as to it's use. I simply feel this could happen again to improve EPS as the outside CPAs revisit to reserve against the deferred tax asset that is residing on the balance sheet. Regardless thanks for the conversation!

    Sentiment: Strong Buy

FAC
2.50+0.03(+1.21%)Dec 26 4:00 PMEST

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