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Security National Financial Corp. Message Board

hweb2 103 posts  |  Last Activity: Feb 4, 2016 2:35 PM Member since: Jan 28, 1999
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  • Reply to

    who is selling and why?

    by soccertese2006 Feb 2, 2016 2:21 PM
    hweb2 hweb2 Feb 4, 2016 2:35 PM Flag

    Now down to $2.10?? And on heavy volume too. Not sure what the heck is going on. Someone unloading a bunch of shares. And it's like they don't care what price they get. I'm buying.

  • Wow check today's filing. CalPERS, the largest public pension fund in the US with $300 billion in assets, has taken a 5.88% position in tiny CSPI!

  • Still don't understand why people are giving away their shares here. Yes the market is terrible. But a stock with a huge dividend is exactly where you want to be in these tough market conditions imo. Someone is selling EVOL at an 8.8% dividend yield to buy what exactly? If there are stocks with bigger dividends than EVOL also set to report a sharp earnings rebound in 2016, please let me know!

  • Reply to

    Wow huge quarter!!

    by hweb2 Feb 3, 2016 9:55 AM
    hweb2 hweb2 Feb 3, 2016 1:12 PM Flag

    And a great CC too! Looks like MHH is poised to earn well over $1/share in 2016. Maybe more like $1.20-$1.40/share!

    Here's what they said about the pickup in January:

    "If January is a measure, we’re probably up about 25% or 30% submittal rates as compared to Q4. So I’m very pleased with the initial action on there."

    And here's the exciting stuff on 2016 growth with large customers. Sure sounds bullish! Especially the top 5 customer who's challenging them to DOUBLE the number of starts with them in early 2016. And another top 5 customer who wants to 'significantly' grow their exclusive business with MHH starting in January 2016.

    From the transcript:

    "Number four, we have several interesting growth opportunities in 2016 and I’d like to highlight just a couple of them today. We added a new client in 2015. There is a large user of contract IT resources. In the two – two quarters we have been serving them. We have moved into their top tier vendors and we stand to grow with them in 2016 as well.

    Two, we have one of our integrator partners, again, a top five customer of ours, who is challenging us to double our starts per month with them in the first half of 2016. We’ve added recruiting capability and we’ve added sales in our own capability to serve better count.

    Three, we have one of our direct customers again in top five customers, has offered us the opportunity to significantly grow our exclusive business with them beginning in January 2016. Historically, this customer isn’t MSP customer with little hiring manager contact. So we expect to leverage those new relationships that we are building there as well."

  • Q4 earnings of .29/share up from .18/share the prior year. And that's GAAP fully-taxed earnings of .29/share. Non-GAAP earnings were .31/share in Q4 vs. .18/share in the year ago quarter. And it sounds like the CEO was bummed that revenues were only up 14%. So the numbers could have been even better? I'm very impressed with the success of the Hudson acquisition and the nice boost to gross margins it's given the company in Q3 & Q4.

    MHH popped up to the mid $8's after they announced Q3 earnings of .20/share. Not sure why it slipped back to the $6's recently, but wish I'd been loading up! MHH was a $10 stock a year ago. Earnings much better now, and their only issue seems to be finding enough workers to keep up with the strong demand. Should have excellent comps coming up in Q1 & Q2. I think this low floater is headed back to double digits in 2016.

  • Reply to

    New CEO

    by hweb2 Jan 4, 2016 9:13 AM
    hweb2 hweb2 Jan 31, 2016 12:00 PM Flag

    Guess we'll find out in the coming months if these guys knew what they were doing buying so many shares in the mid-$5's. We have different feelings on insider buying. Insiders notorious for bad timing? In my experience, it's pretty rare to see any insider buying on a microcap. And even when you do get some, it's usually a few thousand dollars worth at most. These EVOL insiders were buying & buying heavy. I think they see the stock rebounding strongly in 2016. Or maybe they figure the huge 8%+ dividend yield is much more attractive then getting 1.3% interest on a CD. Ha

  • hweb2 hweb2 Jan 29, 2016 10:23 AM Flag

    Yeah the price does seem very low. But I think today's selloff is creating a terrific buying opportunity here in the $5's. ICCC is a profitable company with nice growth, a healthy cash position, and a new product on the way. I've been wanting to get in for awhile. Think it will recover back to $7+ in the coming weeks.

  • Reply to

    Expectations for Q4

    by audphil78 Jan 28, 2016 12:26 AM
    hweb2 hweb2 Jan 28, 2016 10:18 PM Flag

    If they both bought a bunch of shares because of what they expect for 2016, that's fine with me :)

    Management sure was upbeat on the Q3 CC. Stock popped up to $6, but didn't stay there long. I'm surprised EVOL didn't move up to at least the $6's after all the bullish commentary on the CC. Sure sounded like business was turning around. And the heavy insider buying that followed a few weeks later only reinforces that optimism imo.

  • Reply to

    Expectations for Q4

    by audphil78 Jan 28, 2016 12:26 AM
    hweb2 hweb2 Jan 28, 2016 3:38 PM Flag

    Your numbers look reasonable. Revenues might be a little stronger. On the last CC, I think someone asked if Q4 revenues might be $7M. They don't give guidance, but they said something along the lines of that number was 'awfully low'.

    Bottom line won't look great with the charges. The $500K restructuring charge with the acquisition. Plus Thad's severance. But they will also present what the earnings would have been without the charges. That number should be solid. Plus there's $1.5M worth of cost cutting planned. That should give a nice boost to earnings in the coming quarters.

    I don't see any dividend cut as they've stated the board is very pro dividend. And after a few less than stellar quarters, earnings should rebound significantly in 2016. So why cut the dividend now?

    Still curious to see what all that insider buying was about in November-December. Something positive is brewing that's not public knowledge yet imo.

  • hweb2 hweb2 Jan 27, 2016 10:15 PM Flag

    I've always wondered why GMCR didn't just buy JVA? Especially now that it's so cheap. Stock is trading below tangible book value. Would be pocket change for GMCR.

  • hweb2 hweb2 Jan 27, 2016 7:09 PM Flag

    Nothing new here. Think in the 5 years or so I've followed JVA, they're always close to losing GMCR as their customer. They're locked up til 2017 at least. And GMCR is likely their lowest margins. So diversifying into some new revenue streams with better margins over the next couple of years wouldn't be the worst thing in the world.

  • Reply to

    I get 7 cents eps on a revenue decline of + 20%

    by james141492 Jan 27, 2016 12:03 AM
    hweb2 hweb2 Jan 27, 2016 6:58 PM Flag

    Actually earnings a little better than that. There was an unusually high tax rate in Q4. They earned nearly $1M in Q4 pretax, or .15/share. Even if you applied a full tax rate, they would have earned around .10/share in Q4. And they have almost $2M in NOLs to use this year.

  • Reply to

    Looks like 4Q net profit of $429k

    by argyle46 Jan 26, 2016 9:10 AM
    hweb2 hweb2 Jan 26, 2016 10:11 AM Flag

    It looks like Q4 income from operations was $946,443. So they would have earned around .15/share pretax in Q4. Revenues down as expected. But the hefty gross margin increase was a nice surprise. And that's expected to continue in 2016. Great news there, plus the Wal-Mart news could be big. I'm surprised the stock isn't up a lot more today.

  • Reply to

    New CEO

    by hweb2 Jan 4, 2016 9:13 AM
    hweb2 hweb2 Jan 26, 2016 12:34 AM Flag

    When it comes to microcaps, it doesn't really matter if they miss the Q4 earnings estimate of .07/share by .01. Or beat by .01. What's more important on EVOL is the bookings & backlog numbers, plus the outlook for 2016. Yes if the momentum they were starting to regain from the sound of the Q3 CC suddenly reverses course, the stock could go lower. But I just don't see that happening. A question for you...why were 2 insiders (including the new CEO) loading up in December when the quarter ending later that month was going so poorly? That would be the first time I've EVER seen that.

  • Reply to

    Wow huge board addition!

    by hweb2 Jan 4, 2016 11:48 AM
    hweb2 hweb2 Jan 22, 2016 4:13 PM Flag

    Next dividend not til early April so we've got a wait. Kind of a weird selloff this afternoon. Especially with the broader markets in rally mode. Not sure who would sell around $5.50?? That's an 8% dividend yield. Not to mention they just reported a great quarter with the most impressive revenue growth in many years. Management sounded very bullish on the CC. And the backlog increases in the 10K bode well for next quarter. I gladly bought more today.

  • Reply to

    Wow huge board addition!

    by hweb2 Jan 4, 2016 11:48 AM
    hweb2 hweb2 Jan 20, 2016 6:19 PM Flag

    I think CSPI is a great buy in the $5's. Unfortunately the market has been horrible so far in 2016. Everything is getting crushed. Not even CSPI's large dividend yield seems to be helping.

  • Reply to

    New CEO

    by hweb2 Jan 4, 2016 9:13 AM
    hweb2 hweb2 Jan 19, 2016 3:04 PM Flag

    A Q4 miss? The stock is trading at $5. Way off it's 52-week high of $10+. It's not like there's high expectations going into Q4. If the stock was trading at $10, I would agree.

    The new CEO bought nearly $200,000 worth of stock in November-December. And Singer bought over $600,000 worth of stock in November-December. I can't imagine these guys buying ANY shares if they were going to report poor results. And they both bought a huge amount of shares. Maybe Q4 won't be a blockbuster quarter, but with that kind of insider buying (which is pretty rare to see on a microcap)...i'm betting the results will be at least decent.

    The EVOL board is very pro dividend. If they've survived the last few quarters without a dividend cut, I can't imagine they would cut it now when the earnings are set to rebound strongly in 2016.

    I'm a big fan of EVOL, but the broader markets are just awful right now. Even today it looked like we were in for a bit of a bounce with Dow futures up over 200. Now the markets are red. Again. Ugh. People are throwing their stocks away right now. People are even selling EVOL at a whopping 8.8% dividend yield. Wish I had the cash to be loading up here. And a lot of other stocks too.

  • Reply to

    Why the beat-down in price?

    by enviornorganism Dec 22, 2015 1:15 AM
    hweb2 hweb2 Jan 18, 2016 4:36 PM Flag

    Must be nice to be so smart! Why don't you give us some more of your predictions. Are there any stocks you actually like?? I'm sure we could all use a winner in this horrible market. Let's see if you're as smart as you think you are.

  • Reply to

    Why the beat-down in price?

    by enviornorganism Dec 22, 2015 1:15 AM
    hweb2 hweb2 Jan 18, 2016 3:56 PM Flag

    Um surely you are aware of the plunge in the broader markets so far in 2016??? Pull up a list of microcaps and check their performance YTD. You will see they are all getting hit right now. If you hate GV for some reason, fine. But you can't blame the company for the drop over the past 2 weeks.

  • Reply to

    Took the opportunity to add at the close today

    by audphil78 Jan 12, 2016 4:56 AM
    hweb2 hweb2 Jan 14, 2016 4:43 PM Flag

    Yeah I thought we might see EVOL get a bump to the $5.30's or $5.40's today. But I'm happy to keep buying and added some shares today. 8.4% dividend yield, favorable comps on the way, and a couple of insiders (including the new CEO) buying a huge amount of shares just last month. They were buying up to $5.70. So I'm happy to be buying here.

    We're way off the 52-week high of $10.25 hit last April. And if you go back and read the last CC transcript, there seems to be more excitement going on at EVOL right now than there was when the stock was double the current price.

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