One was the laser business of Coherent Corp . I've blocked out the other, who's crooked mgt took over Lasers' mgt and ran it into the ground.
sorry---I meant the most recent [ dec] quarter. Confused by the December annual meeting---thought they were on a September fiscal year.
I used to cover this company over 20 years ago as an analyst. They were then called Laser Industries and were a true pioneer in the medical laser field. Barron's wrote a positive article titled "Shine a light on me". Then they made two terrible aquisitions which destroyed the company and put them in bankruptcy. Its been a long road back. I personally took a big loss but plan to go back in here.
Who the #$%& is Fred Orr? They don't need $20 mil; $4-5 mil is all they need right now to get their major projects moving before we are all ready for Freddy.
What else is new? Also heard nothing about financing [ a foreign word I guess] although , admittedly, I tuned out after the first few softball questions.
essentially more of the same; sounded like a prequel /buffer for another dismal quarterly report. hope I'm wrong.
maybe so [and have owned it since $12] but at 48x book value, 8x sales, and over 30x eps, it sure doesn't look cheap. Not much room for any disappointment.
How on earth can a company with cash of$12.4 million, debt of $273 million, earning barely 20 cents per share continue to pay a 60 cent dividend? What am I missing?
re the financing question; with interest rates as low now as they ever will be [with the threat of "tapering" around the corner, would it not make sense for the company to borrow ,say $4-5 million, thereby eliminating the need to continue giving away stock at desperation levels and diluting shareholders equity?
All very entertaining but time to knock it off and concentrate on trying to get some real answers to real questions, ie
(a) When do all the startups, new sources of supply,etc. etc..begin to lead to some meaningful increases in revenue?
(b)What is the state of the antimony market from a supply and demand standpoint? What is happening in the all-important flame retardant market, i.e.possible inroads of competitive materials, e.g. zinc borate,etc. ?
(c)state of and outlook for the zeolite business, a past and potential source of cash generation.?
(d) Sources of future financing, i.e. how long can they continue to operate on a shoestring?
In "Field of Dreams" Kevin Costner said "Build it and they will come" He built it and they came. Only time will tell if it works for antimony.
own it from 3 but it looks way overpriced here. Last week bought some jan 92.5 puts at 1.80 and sold some march 105 calls at 1.80. good luck.
You are correct re Medtronic vs. 3M but I'll stick with my comments otherwise. No point in dredging up old wounds [literally] so I see little point in debating the issue further. Best of luck with your investment.
whynotaduck---problem is nearly 600 mm shares outstanding---has to be a reverse split in the future.