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Perion Network Ltd. Message Board

jdsomers 32 posts  |  Last Activity: Jul 14, 2014 12:54 PM Member since: Mar 15, 2000
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  • Reply to

    BEWARE! DANGER LURKS BELOW!!

    by eagleeyes4utoo Jul 11, 2014 2:51 PM
    jdsomers jdsomers Jul 14, 2014 12:54 PM Flag

    I know what will happen! We collect even a higher yield if you sell us the stock at lower prices, and then short sellers have to pay out that dividend every quarter and lose their shirts (and probably the rest of their clothes) when the stock price rebounds.

    Sentiment: Hold

  • Reply to

    Double Bottom

    by ctsilber Jul 9, 2014 1:09 PM
    jdsomers jdsomers Jul 10, 2014 12:26 PM Flag

    False statement from you again. There is no collapse in Chicago prices. The Chicago Business Affairs and Consumer Protection division reports on its site that prices for medallions which have changed hands this year appear to be climbing. They have a chart updated through 07/02/2014 which shows the most recent sales at $357,000 on 06/25.

    Sentiment: Buy

  • jdsomers jdsomers Jul 10, 2014 12:23 PM Flag

    No. Seeking Alpha did not write that. A contributing author who has no more understanding than you wrote it. I suggest you refer to the factual responses to that article. First of all, who cares if the prices have stopped going up? Historicall, prices fluctuate for medallions as the company points out in its on reports (although they are currently at or near all time highs). And here is the actual statement from TAXI's own annual report: "The portfolio was originated at an approximate loan-to-value ratio range of 50-75%. We estimate that the average loan-to-value ratio of all of the medallion loans was 36% as of December 31, 2013. In addition, we have recourse against a vast majority of the owners of the taxicab medallions and related assets through personal guarantees."
    So, as you should be able to see, there is very little risk to TAXI And the author you cited is confused, TAXI does not have any medallions to sell with the exception of a small holding in Chicago that it acquired cheaply as an investment at a foreclosure auction ( for about $8.6 million, now worth around $50 million) which it leases out.

    Sentiment: Buy

  • Reply to

    More false postings from eagleeyes4utoo

    by jdsomers Jul 2, 2014 3:46 PM
    jdsomers jdsomers Jul 7, 2014 11:49 AM Flag

    Yes, you do continue to lie and have now revealed yourself to be less than an idiot. Your are officially downgraded to moron. The figures reported by the NYC tax commission do not show any downturn in the turnover of medallions. They are sold somewhat infrequently. You have no proof of medallion prices dropping and the number changing hands is normal for the market. Medallions cost around $1million, and you think any African (or any other individual) actually owns 5-10 medallions? How dumb are you, actually? Do you really believe the nonsense your are posting, or that anyone else will?

    Sentiment: Buy

  • jdsomers jdsomers Jul 4, 2014 5:44 PM Flag

    So why are you posting on the SIGM board?

  • jdsomers jdsomers Jul 4, 2014 5:40 PM Flag

    Once again, you prove yourself as a COMPLETE idiot. A stock pumper buys a stock very low -- usually insiders who have access to cheap, non-market purchased shares and then publishes false positive stories. You described me as someone who bought the shares at higher prices. That's the complete opposite. Of course, I have done neither. I sold some puts so my eventual entry point, if I'm lucky, will be under even the recent low prices. Most likely the stock won't even stay low enough for me receive the shares. My postings stick to the facts with actual citations and references. Yours on the other hand are totally made up and have no attributions.

    Sentiment: Buy

  • Another false posting by eagleeyes4utoo. Anyone interested in the facts can go to the NYC Taxi & Limousine Commission site for "Average Medallion Prices and Transfers." For June, the average individual medallion transaction price was $1,045,000.00; there were 10 transactions in June. The average price during January-May of this year was only $5000 higher at $1,050,000.00. In June, there were 6 corporate medallion transactions at an average price of $1,320,000.00, the same as the previous five months of this year.

    Sentiment: Buy

  • jdsomers jdsomers Jul 2, 2014 10:37 AM Flag

    Another false posting by eagleeyes4utoo. Anyone interested in the facts can go to the NYC Taxi & Limousine Commission site for "Average Medallion Prices and Transfers." For June, the average individual medallion transaction price was $1,045,000.00; there were 10 transactions in June. The average price during January-May of this year was only $5000 higher at $1,050,000.00. In June, there were 6 corporate medallion transactions at an average price of $1,320,000.00, the same as the previous five months of this year.

    Sentiment: Buy

  • Still some momentum today -- probably from short covering. As others have pointed out that should increase as we get closer to ex-dividend time because most shorts probably don't want to pay out that hefty dividend. If we get a spike upwards, it might be worth considering selling some shares with a plan to buy back in at lower prices. If it just keeps slowly moving upwards, buying and holding is the way to go.

    Sentiment: Buy

  • We can all do math, too, egaleeyes4utoo, and thanks for pointing out how oversold TAXI is at current prices! That leaves much more room for it to move back up and an even more attractive yield for those of us who like money.

    Sentiment: Buy

  • Reply to

    Great Investment Now -- Short Squeeze to come

    by jdsomers Jun 16, 2014 2:30 PM
    jdsomers jdsomers Jun 30, 2014 2:45 PM Flag

    Wirtz24184, now you are getting to see what a short squeeze looks like and how it squeezes shorts like eagleeyes4utoo who has taken to false postings all over this board early am (guess he couldn't sleep) and today.

    Sentiment: Buy

  • Reply to

    TAXI exposure to medalion price -from SEC fileing

    by navkram Jun 30, 2014 1:19 PM
    jdsomers jdsomers Jun 30, 2014 2:37 PM Flag

    Your quote from the prospectus proves you're an idiot. As stated, the value of medallions would have to fall over 60% to be an threat to collecting on the loan collateral. Facts at the NYC Tax Commission website show that medallion values continue to hold and trade for over $1 million. Your postings clearly show you are a the one who is panicked as a short seller posting false information. The price of the stock rising shows that you are wrong and must be losing a fortune over the last three trading days.

    Sentiment: Buy

  • jdsomers jdsomers Jun 30, 2014 9:30 AM Flag

    You are a complete idiot and posting false information. TAXI's lending is covered at more than 2.5 times. Per published FACTS from the company, its loans are less than 40% of the medallion values; therefore, medallion prices would have to decline over 60% to have any unsecured exposure.

    Sentiment: Buy

  • Reply to

    MEDALLION OWNER

    by eagleeyes4utoo Jun 27, 2014 11:40 PM
    jdsomers jdsomers Jun 30, 2014 9:26 AM Flag

    You can go right to the NYC Taxi Commission site to recent prices for medallions. eagleeyes4utoo is posting false information. His figures are made up.

    Sentiment: Buy

  • PERI just filed its formal prospectus relating to shares that can be sold by former Conduit shareholders. In addition to the contractual lock-up based on share price that was widely known, there is an additional tax restriction that likely prevents any sale of shares over 10% of their holdings before the end of December 2015, regardless of how high the PERI share price may rise. Directly from the prospectus on page 14 under the heading Tax Lock-up:
    "Pursuant to a tax ruling issued by the Israeli Tax Authorities, the tax events with respect to Conduit and its shareholders arising from the Conduit Split and the ClientConnect Acquisition will be deferred until the sale of our ordinary shares issued at the closing of the ClientConnect Acquisition by any holder thereof or the sale by us of the assets or shares of ClientConnect. As a condition of this tax deferral, under Israeli tax law, our major Israeli shareholders, Ronen Shilo, Dror Erez and Zack and Orli Rinat, are required to comply with various restrictions until December 31, 2015, including prohibitions on sale of 10% or more of their shares in the Company (the “Tax Lock-up”). In the event of a violation of the foregoing restrictions by any of these major Israeli shareholders, Conduit, its shareholders and ClientConnect would be subject to tax on any gains derived from the Conduit Split and the ClientConnect Acquisition, which would otherwise be deferred under the tax ruling, and the breaching shareholder would be required to indemnify the injured parties for the damages caused by such breach. Accordingly, even though all the shares held by such major Israeli shareholders are included in this prospectus, 90% of such shares are effectively locked up through the end of 2015. In contrast to the Contractual Lock-up, the Tax Lock-up is not subject to early relaxation. For more information, see Item 10.C of our 2013 Annual Report under "Agreements Relating to the ClientConnect Acquisition—Tax-related Restrictions."

    Sentiment: Buy

  • jdsomers jdsomers Jun 27, 2014 11:35 AM Flag

    Dumb comment. No proof. Recent auction showed medallion prices at new highs so your statement is just plainly false. "Tree growing to the sky..." comment is inane; the stock price is nowhere near highs -- in fact, it is very close to yearly lows so it has plenty of room for recovery. So what if the price of medallions has stopped increasing or even drops a bit? TAXI loans are less than 40% of the value of the medallions it has for collateral so the taxi business may change a bit (or hardly at all in NYC due regulations and tight supply), but that doesn't change TAXI's expected flat to slightly lower earnings which are plenty to cover its recently raised dividend. The yield alone will support TAXI stock price at these levels. If you are crazy enough to sell short and have to pay out the over 8% annual yield, please do so and join the crowd in the short squeeze when you have to cover. Or are your already short and panicking as TAXI slowly and steadily rebounds over the past two days in a down market?

    Sentiment: Buy

  • jdsomers jdsomers Jun 25, 2014 3:59 PM Flag

    I think you are probably right. With the dividend safe, recommending a short on a stock with this kind of yield seems like lunacy. If nothing else, at these levels, the dividend supports the stock and probably will lead to short covering when novice short sellers realize they have to pay out the dividend. That means they need to get an annual downdraft in the stock price of over 8% before they even break even if they sell at this price. After the recent stock price decline (which stand a good chance of being recovered by the next earnings report) who wants to make that risky bet?

    Sentiment: Buy

  • Reply to

    Short Interest 1.5 Million Shares

    by johnsonjoel1 Jun 25, 2014 8:08 AM
    jdsomers jdsomers Jun 25, 2014 12:09 PM Flag

    johnsjonjoel1, That's not how the market works. Your logic is backwards. The more short interest there is, the greater the likelihood of a short squeeze pushing the stock price up. The more shares that are sold short, the less remaining shares are available to sell short, therefore the likelihood of the share price moving lower is lessened, not increased (all other things being equal). Having said that, other factors may well influence the share price in the short term -- more than the short figures -- but in the long term the shorts have to cover as earnings reports are not going to be affected by UBER and as others have pointed out, most shorts are not likely to want the expense of having to pay out the dividend amount which they have to do to remain short.

    Sentiment: Buy

  • Reply to

    Malware Producers Exposed !!!!

    by ed_brady Jun 24, 2014 3:57 PM
    jdsomers jdsomers Jun 24, 2014 4:10 PM Flag

    What is your point? I don't see anything negative. The google search just explains the benefits/attributes of the Incredimail toolbar and does have links for removal should you decide you don't want it. Apparently plenty of people do like it.

    Sentiment: Hold

  • Reply to

    Finding Bottom

    by johnsonjoel1 Jun 23, 2014 2:52 PM
    jdsomers jdsomers Jun 24, 2014 12:53 AM Flag

    I think it already looks like it is bottoming. You can't really rely on the previous charts because they weren't influenced by an excessive sell off on misunderstood news (i.e. the Uber nonsense). It looks like bottoming is already taking place -- probably a floor in this area thanks to the great dividend yield which is not under any threat. I think you start accumulating here if one doesn't want to miss the rebound. If no catalyst sooner, then the next earnings report should put most fears to rest.

    Sentiment: Buy

PERI
9.41+0.21(+2.28%)Jul 22 4:00 PMEDT

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