ULIN is a component integrated into the system they provide, other elements of the system are designed inhouse with proprietary technology. Does not seem to be as big a deal as zzg seems to be making it into. Few integrators design every single product they use.
They reported earnings of $0.60 for 2015, not bad. The cash balance of $25M is consistent with the pro forma projections. Cash was dependent on the number of share participating in the merger vs. tendering. The $40M you keep referring to was pre-merger.
funny you mention RLJE... I believe a lot of the assets sold into the SPAC were, shall we say, less than desirable. I don't need to say more, but whether it was RLJ or Al Sharpton, neither are people I would ever invest with. I think if either had a public company, I would short it.
Will, I've been investing in SPACs decades, they were called 'blind pools' before being called SPACs, and my experience is that with a SPAC or any other public company, if you don't do your homework, your results will vary. I like buying things that everyone else hates because often times the price is right. I was a large buyer of a spac called Chardan North (now Hollysys, HOLI) -- yep, that's right, a Chinese SPAC -- does it get more gruesome? I've made at least 500% on that investment, not including the warrants. I think ABIL a year ago at $10 was not a good risk/reward, I think at $6-7, now with increasing clarity on their future, it's interesting -- it's in the right space, share price is cheap enough to discount a lot of hair -- to make money, we'll have to see how management performs.
I'd just add that the SPAC structure is a little bit different than a "reverse merger" -- RM's have a bad rap because they do not involve any vetting of the mgmt., their financials, their customers, etc. A SPAC on the other hand does involve this to some degree and that's part of what you're paying the sponsors (Cambridge) to do. From the target's standpoint, the SPAC has some attractions - it's instant public listing in the US with sponsors who presumably have some experience, provide partial liquidity to the target founds (i.e. a little cash) and capital to grow -- most reverse mergers simply involve a shell that has no assets, no mgmts., just a ticker symbol essentially.
I'm not a huge technical guy, but there are 3 charts that do seem to repeat with a fairly high level of success. If you google Investors Business Daily: "The 3 Most Common and Profitable Chart Patterns" and then have a look at the 2nd ("Double Bottom") and then look at BPY's monthly chart of the past year, it's almost an exact overlay. The good news is that according to IBD, we are now in the sweet spot to by buying. Fundamentally, BPY's pretty cheap, and throw in a 5% dividend and it looks all the better.
Some very odd behavior, tons of "5-share" trades in HBP late in the day. This is telltale sign of 'trading bots' or HF activity of some type. It's odd and the company should ask their specialist what the heck is going on.
Spot at $15K today... it's all about supply and demand -- saving a few bucks on fuel isn't even a drop in the bucket when rates plummet from $75k to $15k.
Seems to be the view of investors and Wunderlich. I think we'd all like to know what the terms of their JV with Heitman are, and why an institutional investor is buying into this JV instead of buying JCAP shares... probably a much better deal. It is becoming increasingly worrisome that JCAP may just be in the public market to "get big" with fees that are driven by assets under management rather than in driving shareholder returns, the stock has already been nearly halved since the IPO.
pinky, if what you had to say had anything whatsoever to do with stock prices, then you should have shorted the S&P500 five years ago. GAAP is an accounting construct which sometimes correctly reflects the realities of running a business and sometimes does not. Most professional investors do not pay much attention to GAAP numbers, but have their own proprietary methods of valuing securities. However, I appreciate your enlightening us on this "grand conspiracy." Best of luck to you.
Anyone notice the filing last night which modifies (upward) comp to Jon Vrabely in the event of a change of control transaction. It's very interesting, you generally start seeing these little tweaks in advance some type of strategic transaction.
i think the key driver is fed posture. I'm not a daytrader.
You have a lot of negatives to say for someone claims not to be short?
Anyhow the insider buys are all the more relevant as they are from people in the company who don't have the same amount of wealth as the CEO (all the more relevant, even though they are smaller bites). Secondly, I'm not implying that insiders are somehow trying to 'put on a show' to push the price up, quite the opposite, they are buying because they have their eyes on the future (not a couple day trade).
As for your obsession with GAAP accounting... would you care to walk us through the many, many, many changes of what's acceptable and what's not over the history of GAAP accounting... no, I didn't think so -- Can you at least explain why almost every major S&P 500 company offers non-GAAP figures? (It's all a right wing conspiracy, right?)
Lastly, you are completely mistaken about AMRC's debt, much of which is non-recourse to the company. If you bothered to listen to the last few conf. calls, you'd know this.
Since March 3rd, 8 new Form 4s have been filed, totaling in excess of 20,000 shares, or $100K... including the first buy by a member of the board who had not purchased for several years. The buyers don't include George Sakellaris, who has been a large buyer for past year, but I would not be surprised to see him active in the stock.
Rates now down to about $20K and most likely headed lower. As I've pointed out repeatedly here, there is a HUGE amount of new capacity delivering this year, there is no way the market will be even close to balanced by latter part of 2H16. Spot rates will sink, as will share price. Timecharter rates will remain higher, but at levels no owner wants to commit to (unless they are desperate). Funny how an analyst today finally notices this -- it's been written large for at least 4-5 months, and the management of LPG have certainly signaled their concern by backing off earlier plans to introduce massive dividends, etc. Wise choice, but the stock will be back in the single digits before long.
Not such a bloody open, but I was disappointed that they aren't even projecting sufficient earnings to cover their distributions, and talking about the non-GAAP cash earnings is fine, but seriously, if they are putting out a pile of stock and non-cash comp to management, that MUST be considered as well.
Thank you, I appreciate your self-vaunted wisdom. I'll inform Warren Buffett that his approach is irrelevant. I am curious why someone with your level of enlightenment would bother with something even more archaic than Ben Graham... yahoo message boards, seriously, lol???