The div comes in Jan along with the buyback. Also coupled with my Nov 20 covered call profit. Do you really want to your gloat about the day action.
Interesting the stock was up early. Good luck with your Orca campiagn while I focus on other opportunities as well
When everyone is an idiot its time to buy!
Call it the idiot indicator...
Sentiment: Strong Buy
Down 45% on 10 years. Management truly has not had shareholders in mind. No buyback or increased div.
The thing is I think there is a trade to be made at these levels for a 10-15% gain in the 3-6 month range
I'm averaged mid 10's and not losing sleep over this action.
The trading range is very much intact
perhaps the Q4 guidance with some higher transition costs and slightly lower margins and seasonality. The leadership in their markets is strong and will benefit from lower tax rates and some deferred revs.
ex 61 million in cash this valuation is stupid but the fast money wants out and price will recover.
Still too much cash and not enough flash
This company generates huge cash flow but I understand you wouldn't know how to read an income statement if you tried
The abundance of ignorance on this board is evident by the Orca lovers who think that this company is doomed therefore it will be
Watch and learn
Unlike most #$%$ on this board, I am not a SEAS hater or a day trader and my cost basis is now under 19. My appreciation will come and so will the dividend, huge cash flow and next years "killer "buyback.
Orca lovers find another board to hug each other
I see a beat of .01 but cash flow minus one time purchase was great
Encouraging organic growth
Here we have a company positioned in the sweet spot of the most prolific oil and gas drilling boom in US history yet they fail to turn profits due to poor bidding, mismanagement, failure of leadership and good old incompetence.
Tortured shareholders have been told for years wait until next quarter as we restructure, shed costs and re think our bidding processes
The only folks that have benefited sit around the boardroom collecting fat paychecks and a lavish lifestyle filled with free stock options and a good old boys network designed to CYA
NO more. This is it and I suggest that this company be put on an activists radar to oust the entire board and sell the company. No more excuses.
I sold early this am before incurring even more pain after hearing the pathetic call this am as if management was not even interested in explaining why the board was asleep at the wheel and they are just reshuffling the chairs on the WG. TITANIC
They can all go pound tar sand!
Sentiment: Strong Sell
Management has already forecast more poor performance. Dead money. Better as a short. Deployment of cash as a buy back wont be for 6 months min at wholesale levels
no growth and higher costs not a good model
I'm waiting for your new low to buy more. Don't mess with the Orca
Seas the day!
This will be the quarter to announce one or both now that Fabrix has closed. Mgt knows they have to do something with the cash but they want to explore an acuisition first.
I would also like for them to monetize Zedge as favorably as they di Fabrix.
In the mean time, very limited downside IMO
This low float stock is being taken out by MM looking to offer wide spreads on what some consider an earnings "miss".
This real story besides the pile of cash is that they are looking at either an accretive acquisition or a buyback/div boost.
The main business is not sexy but has good cash flow. They may look to monetize Zedge as well as it really doesn't fit the portfolio and may be worth a lot more to some other entity.
Good time to average down IMO