Your broker should send something to you. Ameritrade sent me instructions. Pretty easy. But not sure what'll happen since I've bought more SEVRR. Guess my number of shares will be updated on Sept. 4th, which is the date I have to reply by.
Each subscription right allows you to purchase .13022 shares of the new Series A Preferred at the discounted price of $21.50. Those are convertible into 3 shares of common stock. Plus you get a 4% dividend yield. So a great deal if you're a long term believer in SEV. The company is right in the middle of a huge sector boom, so I wouldn't be surprised if SEV was in the $20's or $30's in a year. We'll see if they can execute.
Interesting trading on SEVRR yesterday. Did you see it jump at the open to the $1.40's? Who would buy there?? SEVRR has the potential to go crazy. Especially if SEV were to move up on some good news. There may not be many SEVRR available, so if demand increases, it could jump even more than it did yesterday.
I like SEVRR. I plan to fully participate in the offering next month and have also picked up a few more from other people. Not sure where SEVRR price will settle out at. Prob drifts lower? If the company was smart, they would put out some good news to make sure everyone wants to get shares in the offering at $7.17 (plus a 4% dividend!). That's if they were smart. Instead SEV will prob remain quiet til next earnings report in December. Too bad. Sector is on fire and so is the stock market. The right PR and SEV is back up in double digits very quickly. I think SEV is a great long-term bet at this price. Could be a double or triple next year imo.
Decided to rebuy some GV in 1.60's that I sold yesterday. The 10Q had a few encouraging items. There was a $1M expense in the quarter for "unanticipated geological conditions". If not for that, looks like they would have posted after-tax profit of .04/share from continuing operations.
Backlog figures look better than I first thought. Yeah only $60M to be completed over next 12 months. But that 12 month backlog figure was only $36M a year ago! And that has produced revenues over $20M per quarter. So maybe current backlog will produce quarterly revenues over $30M?
Other good news on the backlog. Early in Q3 they've added nearly $18M to that 12 month backlog figure. So it's really more like $78M. And sounds like it will keep on growing.
There was also a nice jump in fixed price backlog vs. last year. And a big sequential increase from Q1 to Q2...from around $23M to nearly $34M! This is higher margin stuff than MSA work. So could see an uptick in gross margins next quarter.
I think we could see Q3 earnings in the .05-.10/share range. Balance sheet is solid with .45/share in cash. I'd be surprised if GV isn't at least $2 by yearend.
Don't be so sure. The flattish year-over-year comparison masked the HUGE sequential improvement in the numbers. Stock deserves to move up. Comps get easier now. If Q3 continues to improve and earnings come in at .20-.30/share vs. .11/share last year, I think the stock could be in the $6-$8 range. I bought some yesterday and more today. Will gladly be accumulating in the $4's.
Yeah I did hear that part about waiting for formal approval from DirecTV. Maybe that'll be one of the possible sales of 'significant size' they mentioned. Heard something about orders in the $1-4M range. They seem confident that the financial results are only going to get better. Sounds like we're in the 1st inning here. Have a feeling I will look back in a few months and kick myself for not loading up in the $1.30's!
Surged to $15's right before the close. Awesome! I was a little worried about that comment on the CC about Q2 being seasonally stronger and Q3 being seasonally weaker...but the momo players obviously don't care!
Nice turnaround announced this morning. At first I figured the .06 profit was just from the large order that shipped. But management seems to think the improvements will continue. Conference call was very upbeat. Earnings PR said Q2 should be sustainable. If that's the case, BDR could shoot up to $2-$3. If not higher!
Commenting on the second quarter 2014, Chairman and Chief Executive Officer James A. Luksch noted, "the significant improvement in our results this past quarter is a result of robust sales of certain recently released products and is evidence that our digital product strategy is on point. There have been improvements in all areas: sales, gross margin, profits and EBITDA. We believe that as other recent product releases take hold we should be able to sustain the gains enjoyed in the second quarter for the remainder of the year."
Backlog up five-fold to $190M! And has increased further in Q3 to $266M! Now we see why CEO was talking 'significant multiple' of prior backlog. Bottom line skimpy as expected. I think after this initial hiring boom, we'll see quarterly earnings rebound next year as revenues ramp higher. Good balance sheet with .45/share in cash. I think stock is up today, but will gladly be a buyer below $1.50.
Wow awesome quarter!! With the stock so weak lately, was starting to worry. Then AMOT just crushes it with a record quarter!
Q2 earnings of .29/share vs. .09/share last year. Q2 revenues up 145%. Strong bookings causes backlog to jump to $80.8M vs. $26.9M last year. A 201% increase in backlog!
Those eye-popping increases should get some attention. Q2 also showed a nice sequential jump in earnings from .24/share to .29/share. Tax rate a little lower in Q2, but there was also a $352K gain in Q1.
Stock ran to the $16's on Q1 earnings of .24/share. Think we could see a new 52-week high on AMOT soon. Will be adding in the $12's tomorrow if I get the chance.
Wow!! It looks like Lone Star will be buying up to 875,000 shares through Williams Trading if I'm reading this right. Wonder how high DRAD will go? Should get some kind of bump I would think!
Great sign! Looks like the CFO bought 2600 shares yesterday at $3.25. And the director bought a whopping 24,000 shares around $3.23. Guess they like stocks with 6%+ dividends! :)
Not sure what sellers in low $3's are thinking. Quarter was pretty decent I thought. No carbon offset credits and a higher tax rate....and they still earned .10/share. We'll see what they say on the CC later this morning. I have a feeling this is a great buying opportunity.
Well at least the next 2 years are looking good. I would expect them to win many more small deals and hopefully a few large deals during this time. Here's a comment from the Q1 earnings PR:
This significant win that we announced in December 2013, is a multi-million dollar deal and we expect to recognize its revenue during a phased implementation within the next eight to ten quarters.
Today's earnings report was fantastic! Word is only going to spread in the days & weeks to come. MNDO just posted Q2 earnings of .08/share vs .02/share last year. Q2 revenues up 42% from last year! Nearly $1/share in cash on the books. And this is just the first of many great quarters. From today's PR:
"As previously announced, since the fourth quarter of 2013, we closed large deals that will be significant both to our revenues and to our margins for the next few quarters," said Monica Iancu, MIND CTI CEO.
These big earnings will mean a hefty annual dividend on the way. Probably a 10%+ dividend yield. No idea who would sell in the $2's today. Annualized P/E of 10 puts the stock at $3.20. Then when you factor in the growth, the cash position, and the sizable dividend...MNDO should be trading at $4-$6 imo.
CLWY posted an impressive Q2 report today. Q2 earnings of .41/share vs. .25/share last year. Q2 revenues up 25%. Excellent balance sheet with $1.10/share in cash.
Q2 and Q4 are their seasonally stronger quarters. Looks like they earned .13/share last year excluding a .03 proxy expense. With the sharp increase in Q2 earnings, we're already looking at earnings of .25/share or so for this year. And if Q3 & Q4 show similar improvements, could see earnings of .30-.40/share for the year.
With the earnings potential combined with the hefty cash position, stock sure looks like a bargain at $2.
Forget $3. Stock would be undervalued at $4! Record Q2 earnings of .08/share vs. .02/share. Q2 revenues up 42%! Wow awesome report. Plus a strong balance sheet with nearly $1/share in cash & investments. And a large annual dividend too!