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Smith & Wesson Holding Corporation Message Board

imadtchdgr 28 posts  |  Last Activity: Feb 27, 2015 5:07 PM Member since: Jan 24, 2007
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  • Reply to

    Deutsche Bank's - Mike Urban

    by atlantafundude Feb 27, 2015 11:10 AM
    imadtchdgr imadtchdgr Feb 27, 2015 5:07 PM Flag

    Mike may have been right but he certainly deserves no praise.

  • Reply to

    saudis just bankrupted their driller ?

    by bilbo79 Feb 27, 2015 3:47 PM
    imadtchdgr imadtchdgr Feb 27, 2015 5:01 PM Flag

    As I see it the Saudis are kicking around a little guy to get the bigger guys to fall in line before they take their foot off of the neck. Saudis may be in their end game, lowering their costs before they let the price of oil rise. If they go to long there will be lots of service companies going BK which will ultimately result in higher rates. This is assuming that the Saudi's target is actually the US shale and not something else such as Russia or Iran.

  • Reply to

    LOL! Comstock on CNBC heavy traffic.

    by ddshort077 Dec 20, 2014 5:01 PM
    imadtchdgr imadtchdgr Feb 18, 2015 5:06 PM Flag

    The insiders were giving themselves shares for years, one of the reasons I got out. Once they stopped that they then started lending money to the company with ridiculous stipulations and rates. They control the company so it is theirs to screw with.

  • imadtchdgr imadtchdgr Feb 17, 2015 10:34 AM Flag

    The owners of Five Guys should cash out before the upscale burger niche is completely flooded with higher quality products.

  • Reply to

    Jim Cramer

    by njinvestor Jan 26, 2015 11:49 AM
    imadtchdgr imadtchdgr Jan 31, 2015 3:18 PM Flag

    Check Friday's chart for NVGS, it made a very nice move off of it's low as oil moved up at the end of the day.

  • Reply to

    Why the control of share price?

    by srosone Jan 28, 2015 2:49 PM
    imadtchdgr imadtchdgr Jan 31, 2015 11:48 AM Flag

    If you really think there is any chance for the common then you should move over to the bonds cause they will have to be a 20 bagger from here ( 5 cents on the dollar) before the common gets anything.

  • Reply to

    Alert. The hamburgers are not even good.

    by a33stacybb Jan 31, 2015 11:18 AM
    imadtchdgr imadtchdgr Jan 31, 2015 11:24 AM Flag

    McDonalds made a fortune off of selling lousy burgers, look how many years it took for the market to figure that one out.

  • imadtchdgr imadtchdgr Jan 31, 2015 11:17 AM Flag

    I thought and said the same thing about Under Armour, they had nothing new I had been wearing the same type of clothing since the 60's. We were well aware of wicking so what was the big deal, they just did a great job of marketing. I bought a ton of puts as it continued it's trek upward, didn't even change my mind in '09 when it bottomed out with the rest of the market, nothing special.

  • Reply to

    Jim Cramer

    by njinvestor Jan 26, 2015 11:49 AM
    imadtchdgr imadtchdgr Jan 28, 2015 6:18 PM Flag

    Cramer's whole point when he first mentioned NVGS was that it was being hit because of an incorrect association with oil which then brought on the discussion on this board whether that point was valid or not.

  • imadtchdgr imadtchdgr Jan 24, 2015 5:18 PM Flag

    mdb is saying that PWE is in Breach, "Well welcome to reality now that they are in breach of all their covenants." and Ohio is saying "by Sept 2015 in order to avoid the breaches", so mdb and ohio which is it?

  • Reply to

    Carl Icahn - I believe oil will go lower

    by bondto Jan 22, 2015 3:59 PM
    imadtchdgr imadtchdgr Jan 23, 2015 3:29 PM Flag

    Remember this is Carl Icahn talking, wouldn't surprise me if he was loading up on the oil stocks at the same time he was talking them down. Follow what he does not what he says.

  • Reply to

    clients lost over 226 million wow

    by casstech1964 Jan 16, 2015 9:02 AM
    imadtchdgr imadtchdgr Jan 16, 2015 9:07 AM Flag

    Including FXCM, 226 million is just about equal to shareholders equity at the end of 2013. This stock is most likely on it's way to zero.

  • Reply to

    HUGE RED FLAG regarding common shares

    by bruce4653 Jan 15, 2015 12:19 PM
    imadtchdgr imadtchdgr Jan 15, 2015 4:57 PM Flag

    The last I computed the senior bond holders were getting 18 cents on the dollar with out exercising any second lien rights, based on the current price of the bonds I would guess they are getting even less now, common doesn't get anything until the seniors are made whole so It is safe to guess they are getting zero. There is a majority group of Senior Bond holders who have positioned themselves nicely to try and take the whole company, I'm guessing over 90% of it anyway based upon info provided by the above poster even to the detriment of the remainder of the senior bond holders. The best scenario for the minority senior bond holders and a long shot for the common might be for the company's assets to be outright sold. I have learned with the few times I have played with BK companies that you position your self with the guys with the money, in this case it looks like it is lining yourself up for the second lien convertibles and dumping in more money if you can. I bought into the Senior Bonds after they declared BK and still it appears I am about to get bit in the assets.
    If anyone knows more about the bond situation or can correct any misunderstandings I may have I would certainly appreciate the input. Thanks!

  • Reply to

    Coming out of bankruptcy..

    by mmessagie Jan 14, 2015 11:13 AM
    imadtchdgr imadtchdgr Jan 15, 2015 10:47 AM Flag

    You are right if they come out of Bankruptcy "the stock won't be .08 for much longer", it will be $0.00. Then again they may still be trading the old GM shares, so who knows. I have senior bonds which would have to be paid off first before the stock holders get anything and I am not sure that I am going to get any money back out. You want a 20 banger and you think the common is going to get something then you should be buying the bonds, the last I checked they were 5 cents on the dollar,

  • Reply to

    When will it go away?

    by bartholomewcubbins Dec 18, 2014 6:03 PM
    imadtchdgr imadtchdgr Jan 13, 2015 12:07 PM Flag

    I have the Senior Bonds and I don't feel lucky, last I looked they were 5 cents on the dollar and my understanding is I will have to add money on top of my losses so as not to get bent over on the restructuring. Seems like there is a group of investors who have the majority of the Senior Bonds who have positioned themselves quite nicely to take the company. If you have anything left in the common you would be better off taking what you can.

  • Reply to

    Senior notes

    by rongstag Jan 8, 2015 8:45 AM
    imadtchdgr imadtchdgr Jan 8, 2015 4:00 PM Flag

    rongstag, I do have a lot to learn but certainly not as much as you do, senior debt is positioned at the front of the line for a reason and that is they want their money back first and if it means the equity holders get bent over in the process they will show no concern. There are scavengers out there that purposely look for discounted senior debt just so they can get the equity, I have personally done it a few times. I'm still learning.

  • Reply to

    Senior notes

    by rongstag Jan 8, 2015 8:45 AM
    imadtchdgr imadtchdgr Jan 8, 2015 9:00 AM Flag

    If I were a bond holder in PWE and they defaulted on the bonds why would I want to risk my capital by excepting shares in their place when I could just take my money back in assets and let the share holders hope for some scraps. If the note holders were to work something out they certainly would not do something that would put them at a level equal to the equity holders, that would be just plain stupid. Try again.

  • imadtchdgr by imadtchdgr Jan 7, 2015 1:16 PM Flag

    “The covenants in the credit facility have been aligned with the covenants in the Company's senior notes. The main covenant in the senior notes is the senior debt to EBITDA threshold of 3:1. The other significant covenant is a senior debt to book capitalization limit of 50 percent, which is not impacted by the market capitalization of the Company. As at September 30, 2014 these covenants were at 2.0 times and 23 percent respectively.”
    Trying to get my head around these numbers, their efforts must now be focused on staying inside of these covenants with the significant drop in the price of crude. The ratios looked OK at the end of September but I am assuming things have really tightened up. So the market through its current valuation is questioning PWE’s ability to meet the covenants under current conditions?

  • Reply to

    S&P Just Broke 2k...Get Out Now...

    by a1stocker Jan 6, 2015 12:07 PM
    imadtchdgr imadtchdgr Jan 6, 2015 12:23 PM Flag

    He meant get out of the market all together.

  • Reply to

    Libya going down

    by georgia_stock_investor Dec 28, 2014 9:35 AM
    imadtchdgr imadtchdgr Jan 1, 2015 12:10 PM Flag

    iitriumvirate, I find it interesting that you left out GW and the overthrow of Sadam Hussein, a main contributor to todays destabilized Middle East. Papa Bush advised Baby Bush best leave that bee hive alone son, Baby Bush decided to listen to Rumsfeld and Cheney instead. Some times it's better the devil you know.

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