down 6% now - covering here below $5.30 as this is simply a huge gain within a few hours. I am glad to leave this shame of a company again behind me for the next three months
that's just plain dumb - the company has shown for many quarters in a row that there's little to no value in the business.
Once again back to unchanged but would firmly expect the shares to go red and keep falling going forward - last year management blamed the price decline, this year they blamed the price increase for failing to deliver acceptable results. The company's margins and cash flows are just enough to pay the elevated management compensation each year but there's really NOTHING of value for investors here. SELL and don't look back. The company remains one of the biggest jokes on the stock exchange.
With 75% of the reported income coming from hedging gains the company remains as uninvestable as ever. Operating expenses are UP while revenues declined from $180 to $108 million within two years. JVA mostly remains an ATM for senior management and with GMCR again a 60% customer there's additional elevated risk for investors.
More of the same here. Investors holding the stock carry giant risks without having much chances for stock price appreciation. Re-shorted at the $6 level, looking for new lows going forward.
Investors should avoid the stock at all costs.
4 ships have been chartered for storage now at solid rates but far below spot prices which might lead to some investor disappointment going forward.
An undisclosed charterer has taken the 300,000-dwt Front Vanguard, the 311,000-dwt Front Century (both built 1998) and the 306,000-dwt Front Circassia (built 1999) on charter from February until their next docking in the second quarter of 2016.
The intention is to use the ships to store oil.
TradeWinds sources suggest the rate is some $43,000 per day.
already down to unchanged - covered here for a nice gain
should give back all gains after investors realize that again just some hedging gains were booked to generate a profit
just another hedging gain while revenues where down 15% yoy - stock has been up 15% going into the announcement and should give back the whole gain quickly
actually you have to deduct accounts payable which usually roughly match the receivables. AND the heavy ongoing losses that will be realized given the current state of the business. I don't see a buyout here as their main assets obviously have little appeal to the market anymore.
Given the size of the revenue shortfall I would doubt the company's ability to find a buyer now.
I wouldn't want to hold the shares into earnings. Expectations are high and there's still a $130 mln convert which will be adressed at that date.
Management must ask themselves why they feel comfortable enough to provide full year guidance but does not come up with preliminary Q4 and FY14 numbers - actually these numbers are essential for investors to assess the quality of FY15 guidance.
But given the very low revenue number to be realized from new contracts in FY15 I am actually wondering how management will get to revenues in the $45 mln range. Perhaps with another acquisition but pretty sure not from existing business.
given the revenues reported ytd I would assum very little revenue contribution from contracts signed in FY14, perhaps $5-10 mln.