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Meritage Homes Corporation Message Board

galaxysportsinc 22 posts  |  Last Activity: Jan 7, 2016 5:18 PM Member since: Dec 10, 2003
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  • galaxysportsinc@sbcglobal.net galaxysportsinc Jan 7, 2016 5:18 PM Flag

    NGL is probably, in my opinion, on the verge of doing something about the distribution. When that happens the stock is going to take a big hit. Would you like to be the investor that buys on Thursday then Friday out comes the news that management has decided to reduce the distribution?? I'll wait until after (if) that news comes out before I buy. In the meantime I see no turnaround in energy.

  • Reply to

    3 weeks

    by malakacrocka Dec 29, 2015 10:05 AM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 31, 2015 10:01 AM Flag

    You got it. Do you think management would continue distributions if they themselves were not huge share holders ??? I say cut the dividend 50% - make the company healthy. If the situation does not change in the next 36 months this company could be in bankruptcy. That means the stock is ZERO. One has to ask just how far management is willing to go. Sooner or later their bankers will step in and start dictating company decisions. I'm surprised that hasn't already happened.

  • galaxysportsinc@sbcglobal.net by galaxysportsinc Dec 21, 2015 11:27 PM Flag

    Cut the distribution you idiots. Quit being in denial. You stuck your foot in your mouth and can't retreat. Face it - it's a whole new business model and that model doesn't include a 30% yield

  • Reply to

    More Pain Today for longs

    by shoreteee Dec 18, 2015 7:49 AM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 18, 2015 9:21 AM Flag

    The problem is that they can not maintain the distribution. There is an excellent chance that they will cut and that is what the street is waiting for. No one wants to buy with that looming - the possibility of a cut. The stock would blow out on the downside initially but after that investors would feel much more confident about owning the stock. ARE YOU LISTENING MANAGEMENT Cut the distribution 50% and set everyone's mind at ease. You know, pay me now or pay me later. I'm a buyer after a cut and not until they cut.

  • Reply to

    TK just dropped their dvidend

    by robl45 Dec 17, 2015 6:50 AM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 17, 2015 6:14 PM Flag

    Markets closed, yes but how far can they go before pressure be put on them from the banks. Maybe NOW. Continuing to pay the distribution by issuing debt makes no sense. See what the bankers say when NGL comes calling for a loan so management can continue the payout. Mr. Banks ain't no fool. Best action NOW is to cut the payout 50% - yield is still near 15%. Big problem with that is management is taking $ out of their own pocket and heaven forbid that.

  • Reply to

    What exactly is wrong with NGL

    by joenobody02 Dec 16, 2015 8:03 PM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 17, 2015 6:45 AM Flag

    Them management is stupid which is the primary reason not to buy this stock

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 15, 2015 8:00 PM Flag

    Now, the problem is this: The management of this company is far too wrapped up in covering their own HUGE investments that they are willing to borrow huge sums of money to satisfy their need to keep their heads above water. Bottom line is that they are more concerned about their own #$%$ than the long term well being of the company even if it means paying a high high interest rate on borrowed money. They're in up to their elbows in quick sand and now don't know how to get out. This company is not owned by all stock holders - It's the management's baby and the rest of you are along for the ride. Good Luck

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 15, 2015 7:50 PM Flag

    So sure about this stock why not take out another mortgage on the farm. You are very much into this stock however, you lack knowledge on how the market works. The insiders had the same lack of knowledge. They thought the stock a buy at $27 only 3 months ago. Didn't work out so well, did it?

  • galaxysportsinc@sbcglobal.net by galaxysportsinc Dec 12, 2015 9:08 AM Flag

    The fact that this company is unable to raise money through a bond offering shows me how grave the situation is. I don't think there is any question that they will need to cut the dividend and I think it will happen in the first quarter. If not, I have to wonder about the viability of the company's future.

  • Reply to

    lets get to $10 tomorrow please

    by shoreteee Dec 7, 2015 8:16 PM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 8, 2015 5:42 PM Flag

    Management made a huge mistake by committing to increasing the distribution through 2016. They thought that would stabilize the stock. WRONG So, how can they worm out of the situation after they have put their foot in their mouth ??? Down side risk is huge - upside only small corrections. Biggest problem I see with this company is POOR MANAGEMENT.

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 7, 2015 7:46 PM Flag

    And my reply - all losses.

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 7, 2015 7:44 PM Flag

    Yes, but if you bought this stock you are a dip.

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 7, 2015 7:42 PM Flag

    By insiders you mean management and that is , perhaps, the best reason to stay away from this stock. Management just does not get it. They think by continuing the distribution they can keep the stock from falling. That is not happening. It's time to think about the company and forget their personal distribution money from their unit ownership. Show some balls, make the tough decisions, show you are running the company with the balance sheet in mind instead of next quarter's distribution. Cut the distribution in half and Wall Street will be delighted.

  • Reply to

    It really makes you wonder

    by galaxysportsinc Dec 5, 2015 8:20 AM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 7, 2015 8:39 AM Flag

    I haven't lost a dime in this dog. Now, tell us how you're doing.

  • galaxysportsinc@sbcglobal.net by galaxysportsinc Dec 5, 2015 8:20 AM Flag

    The management of this company kind of reminds me of a guy I met several years ago that I couldn't quite figure out. He left me with the impression that he was either really smart or really dumb. I didn't know which until his wife dumped him and he ended up in a #$%$ one bedroom apartment living with a #$%$. Gosh, I think I may have just figured out this management.

  • Reply to

    Is this the announcement of the debt issue ?

    by obliden Dec 3, 2015 11:15 AM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 5, 2015 8:12 AM Flag

    They want to issue new debt so they can keep their promise of paying distribution money especially to the management that owns a great deal of stock. Like I mentioned before - rob Peter to pay Paul. Meanwhile book value goes south. Anyone that buys this stock should consider real estate or some other investment and stay the hell out of the stock market. You know - "Gees, it was as high as $46 so it must be a bargain at $14" Good luck chump

  • galaxysportsinc@sbcglobal.net galaxysportsinc Dec 5, 2015 12:12 AM Flag

    Were you wearing a glove when you were catching that falling knife? I wonder what your opinion is of a company who's top employees leak financial information resulting in the stock down $2.00 on better than double the average daily volume the day before the earnings are made public. Care to comment. Might be a good question to ask at the share holders annual meeting.

  • galaxysportsinc@sbcglobal.net by galaxysportsinc Dec 4, 2015 1:11 AM Flag

    I'd like to know why this stock traded more than double the average shares and was down like $2.00 the day before the earnings came out. The Feds need to jump on this and put someone in prison. A formal complaint is in order. Are you listening management. By the way, what is with this BS of issuing 300 Million in debt so you can continue paying distribution to the stock holders which includes themselves. No wonder the funds dodge this stock. POOR MANAGEMENT

  • galaxysportsinc@sbcglobal.net by galaxysportsinc Dec 2, 2015 11:06 PM Flag

    I'm afraid that management is making decisions based on how they can personally benefit rather than the long term health of the company. I can't buy this stock simply because the future is so cloudy. At some point the distribution will have to be cut and by that time the stock will collapse . There is no sign of an energy turn around and this stock, with poor management decisions, will continue to fall. Forget the so called $15 support. Now we are talking survival . Solely my opinion
    .

  • Reply to

    Looking for news

    by tws335 Dec 2, 2015 12:50 PM
    galaxysportsinc@sbcglobal.net galaxysportsinc Dec 2, 2015 5:51 PM Flag

    Sorry, my mistake. Insiders didn't buy in September they bought way back in August

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