it looks like a nice dividend and last quarter's earnings report is surely holding up the stock price in this tough market, but small caps have already been pretty beaten up prior to this down turned. we are now at the stage where the overvalue stuff is getting kicked to the curb. When the market stabilizes at some point, wall street will flock to dividend and less economic sensitive companies and ones that are close to home. So at some point, as long as they can keep the earnings going we should benefit from all this turbulence.
FORECASTERS ARE KEEPING a wary eye on four hurricanes — one of which is Category 4 — feeding off the warm waters of the southern Pacific and Atlantic oceans, watching for indications that the U.S. mainland could be in for a direct hit should any grow into a mega-storm.
Looking at the 10 year chart the low was 27.95 which i think was made in 2011, so today's low of 28.30 could be the bottom. of course if the market takes another leg down based on poor economic conditions, then i guess anything is possible, but if the market just limps along, then, I would say the low has been made. we'll see, I've been wrong completely on this position. Today's action looks like capitulation. The other thing for small caps, we are getting into the period of tax loss selling by institutions and small investors, so thats another negative for the group, but a decent earnings report or outlook would stop the bleeding, along with mother nature's wrath..
i never thought 30 was possible, but the market has a way of humbling you every now and then. This has been my worst performing position. I'm tempted to buy more down here, its a bargain by ant metric you want to use, but sometimes value can get even cheaper . i will say this, anything i've ever bot below book value has work out quite well. PLPC competitors are all at 52 week lows as well, but plpc has the best balance sheet and value of the bunch. The question, are we going into a bear market or is this a correction in a bull market. The funny thing small caps have been getting killed since the beginning of the year and PLPC is being sucked into that vortex. Now with that said, these companies when things turn can easily go up 10 points in a week and make up lost value pretty quick, its just having the guts to buy these things when the market looks the worse, those are the people who make out big when things turn around. I have to give you this one Cat you got it right and i got it wrong.
I was reading that the big communications companies such as Google, Verizon, and AT&T are working on increasing the speed of their broadband, I would think their are some benefits some where for PLPC, along with the aging of the electric grid, the solar market, the demand for electricity, and always the possibility of destructive hurricanes - all growth drivers down the road. And at least they have a buyback out there to snap up cheap shares while they can. Thats my 2 cents for whatever its worth.
When the dust settles, the street will look for companies that are less economic sensitive and who will benefit from lower commodity prices and pay fat divs, and Tis has all those qualities.
Its basically the same old story. Management takes care of themselves while the company has never gained any real traction since what- 2007 or 2008. There's better opportunities elsewhere especially in the small cap area.
Well if this company is going anywhere, this is probably the best buying opportunity you are going to get unless the market implodes, then it probably wont matter much.
Well it can't be a postive. Aerospace is doing well, but companies like catepillar not so much. Expectations are probably low so if the earnings are decent the stock will probably react better than expected, then again, what they say about the next quarter and the backlog will also be a factor in driving the stock either way.
Its a interesting company, Insiders own 50 percent of the company. The question can they actual covert their specalized technolgy to dollars on the bottom line. The jury is still out of that, but they appear to have some potential. Of course potential means you haven't done anything yet.
Well, at least your starting to come around, buying low and selling high. You talked about PKE , Shore is now buying, which is extremely bullish, maybe its seen the bottom. Once the small caps get some love, all these value company stock prices are going to move up very quickly. the value is there, just need a market or a company specfic catalyst. Who knows if we'll get one
You might be right about good things in the future, but you need to take something off the table every now and then and not worry about taxes especially with this company. You know better than anyone that they're capable of shooting themselves in foot, and surely last quarter was one of those times.
The last quarter was obviousily not that great. I've never been crazy about management here and probably never will. They seemed to come out with a great product with the fresh & lite cat litter, but now with the competition heading there way, it seems they just have trouble finding their way. Reading the conference call it would seem from their words that they have the best product for the money, yet, they don't know how to tell the world. I'm thinking what the hell are they afraid of, what is Tidy cat going to get mad at them. Who cares, beat them up, aim your marketing right at them, tell the world their product is inferior, maybe poltical correctness has settled into their thinking, hence, the lumpy quarters year after year. China, I'll bet they'll realize like most companies you cant make any money there. From the conference call, they're losing money, well, if you are trying to manage it from america, most likely you are never going to make any money there. Eventually we'll get the message that they're closing it down. Now, with energy cost way down, it should be a bonaza since they learned their lesson from hedging, so with their good fortune, they should see their cost really hitting the bottom line, yet, that doesn't seem to happen here. As for the next quarters earnings, hell, its anybody's guess what they'll earn. And why is everything always a big secret in the conference calls.
Listen to a PKE conference call with CEO, brian shore, and at least he tells it like it is. by the way, the guy is making his first insider purchases that i can tell from following the company for so long. Of course the stock is depressed and he probably sees the company as a bargain. Not so much here, insiders never seem to think the stock price is a bargain and more inclined to sell. The one thing about ODC, the stock price always seems to flounder from time to time, which sets up for a buying opportunity. Interestingly, the only reason to stay around is the value and the div
Small caps have been out of favor for the past 6 months. A lot of them have gotten crushed. Amot not too long ago was sitting in the 40s. I never did understand how the stock went from 27 to 42 based on the 4th quarter earnings when i thought it wasn't in any way great since the backlog didn't support better earnings ahead. So with all that said, it seems now the stock sitting at 18 is a little over done on the downside.
You do buybacks when the stock is depressed and undervalued and now at this price glwt stock price reflects real value. Goldman when talking about buybacks, must mean companies shouldn't be buying their stock back if its overvalued or the balance sheet can't support it. But company buybacks make a ton of sense for companies with cash rich balance sheets and depressed stock prices especially in this low interest rate environment.