let's wait for the conference call - management totally messed it up the last time and I would love to hear about the ongoing margin issues
Margins in the quarter still look very weak while guidance looks pretty aggressive here - management completely messed up the last conference call so I would strongly advice to take profits here - the stock has already traded up 25% going into the report as everyone anticipated strong revenue guidance.
actually everybody cares about this except you - why do you think the shares are down so much in after hours ? Would expect this to test $50 tomorrow.
q4 guidance at the mid-point is $3.5 mln below current analyst consensus expectations and user metrics growth is cooling down quite heavily
actually I would expect several downgrades tomorrow as user metrics deterioated almost across the board and forward revenue guidance came in significantly below expectations. For a former momentum favorite and perceived high growth stock this doesn't bode well. Especially given management's reluctance on the call to give some good explanations around the poor metrics and guidance.
go back to school - the converts are due immediately due to the ch11 trigger
You must be joking - the $440 mln in outstanding convertible debt have still to be served not speaking of suppliers and other creditors and potential dip-creditors (which will be first in line). If you want to bet on a re-emergence of the company buy the converts. The shares are still worth nothing.
another great call - up 35 Cents on the short already - giant gain - I love this company
I guess it is not Obama's fault that you didn't make it through elementary school obviously. So at which price was your great $9 stop loss executed this morning ?
this won't help shareholders - I am shortin here
In short: jrad52 is right, you are wrong
When there's no cash to be distributed because of market conditions the MLP obviously can't make a distribution
And WHO should pay you your "guaranteed minimum" by the way ? Even if they would be in breach of contract obligations it wouldn't change anything for unitholders - if they were to force a firesale of the company's remaining assets you would most likely get around $2 per unit or less.
Given the latest results it was already pretty clear that the distribution was not sustainable - actually only the magnitude of the cut is staggering
not sure about your mental health - the shares are down 50% in pre-market and I would bet them to go even lower after the start of the reguar session. Why holding the shares here with the dividend mostly gone and the coal market a mess ? It doesn't make any sense.
They simply don't have the cash flow to pay out $44 mln anually anymore - actually they didn't have it the last few quarters either but payed nevertheless.
The only good thing is the low debt balance which prevents the company from near term bankruptcy risks but the remaining assets might be actually cash flow negative at current market conditions when adjusting for maintenance capex requirements.
Just like CLF recently the company will most likely be required to record a major asset impairment charge to reflect the lower value of the properties at current market conditions.
With the 15% distribution yield gone I don't see any reason for investors to stay with the units here. The coal business remains a complete mess and might stay depressed for many years to come. It will only take a few more quarters for some major US players to file for bankruptcy protection and this might still happen to Rhino if business conditions won't improve dramatically.
you must be joking - do you still think the assets can be sold at $14 per unit at current business conditions ? Actually a huge impairment charge might be justified here given the state of the coal market. And take a look at Boardwalk Pipeline earlier this year - and they just decided to redirect free cash flow to pay off debts while Rhino just has NO free cash flow to make those huge distributions anymore. BWP was down 50% the next day - now imagine what might happen to the Rhino units tomorrow.
Given today's announcement I would expect a huge impairment charge at year end just like CLF recently announced.
Actually the units need to trade at $4 to return some measly 5% annually going forward so there will be more downside tomorrow.
even if 800k people would be infected Versar won't profit here as they are not in this business.
This is outright dumb - the company reported nine month bookings:
for a total of $27.5 million in 2014 so far. I don't see any reason to get excited as the number for all fo 2014 will still be lower than already achieved in 2011.