When NEWT changed to a BDC, is there some requirement that existing retained earnings be distributed to shareholders? It yes, does anyone know how much that might be.
According to Yahoo Key Statistics, the company is burning $40M/yr and has $12M in cash. How is the company planning on funding continuing operations. Does company have history of issuing more shares, or do they borrow the money? Just starting looking at the company as an investment so any help you can render is appreciated.
How is this possible? $0.84 x 4 quarters = $3.36/year, which equates to a yeild of 28% with a stock price of $12.
I read that 5 NOK value off their website, but is it a typo? This would seem too good to be true.
How long is typical for the SEC to continue with an investigation of this nature. Do they announce the end of it and whatever findings they discover?
Newt is becoming an investment grade stock. Earnings are growing on a slow but steady track. With 16 cts/yr and making money in this market, a PE of 15 is quite reasonable, or $2.40. At a 20 PE it would be $3.20.
There does appear to be some distribution taking place at $2. I'm long so I'm hoping we break through. The tape does appear strong as NEWT recovers on ever sale. Volume is still low which could be keeping the price down.
Does anyone know if a large holder is slowly eliminating their poistion.
Didn't satcon say they had 12M in the treasury last quarter. If so, then couldn't they have meant the debt payment. Is this a default or a poker game? Does the lack of payment automatically mean bankruptcy or is it still negotiable. Who oens the bonds and whats the relations with Satcon.
Can someone summarize the report content. I tried to get it but there email feature for registering doesn't work on my system.
I don't quite understand this -
" the Company purchased 721,280 shares of its common stock in the open market on Friday, June 29, 2012 at the price of $1.14 per share under its previously announced share buy back program, pursuant to which the Company's Board authorized the Company to purchase up to 1,000,000 of its common shares on the open market (the "Plan"). Including these shares, the Company has purchased a total aggregate amount of 794,339 shares purchased under the Plan during the last quarter and prior quarters."
$1.14 was the low for the day, and total volume was about .75M.
So how could this be in the 'open market'. It sounds more like an arranged sale. Also, why would the company not want to spread the 1M shares over a longer time duration than buying 3/4th of it in one day.
Any ideas? Was there a known seller?
have you noticed that volume is starting to come into NEWT daily. Historically, this would trade a couple of hundred shares a day. Now we are frequently over ten thousand.
There has been some usually high volume trading. At first I thought it was all selling, but the price has been holding, so there must be buyers. Would we call this distribution or accumulation? Anyone have any ideas?
The problem with NEWT is that they were changing business models. The Capco business they were in provided imeediate income but required future write offs. The capcos are almost gone so we are seeing the results of the new e-business. A company that doubles earings every year will definately justify a PE of 20 (not to say that it will every year but its planned to do so for the next year). NEWT is still undiscovered and trading light volume. If others discover the company then obtaining a PE of 20 is within reason. The response to the recent earnings has been favorable, with the company today having a PE of 16. So if we agree that a PE of 16 is possible, then by 2013 with 20cts of earnings, we could see $3.20. Still not bad, and a double from here.
I have been in NEWT for 8 years now and I appreciate your frustration. It has taken far longer than I expected and I am tempted to get out with a profit also. But this company is in a good and growing industry, and is financially strong. I think getting out now would be a mistake, as its finally starting to come together.