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Desarrolladora Homex, SAB de CV Message Board

logietan 11 posts  |  Last Activity: Jul 26, 2014 10:22 AM Member since: Jun 11, 1998
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  • Since our stock reached a high of 5.5 last quarter, it has been in a downtrend closing at 4.41 this week. My suggestion is for the our Company to invest in itself. According to an article at Seeking Alpha, LACO has $36.6 million in cash, $48.4 million in short-term investments, and it carries $1.3 million in short-term debt and $10 million in long-term debt. This gives it net cash of $73.7 million. Why don't we repurchase 25.23% of our outstanding stock? This will be 6.75 M shares and reducing our outstanding shares from 26.75 M to 20 M shares. At 4.41 per share, this will cost us $29.77 and reducing our non-performing cash to $6.9 M.
    The next thing we can do is spin off our interest at Jamul Casino worth 60 M. At a reduced shares of 20 M, this is like spinning $3 per share. This will increase the value of our stock.
    With reduced share of 20 M share, the PE ratio of the income from Rocky Gap will improve. Just an income of $4M per year at Rocky Gap will translate to 5. This will be a good investment.

  • logietan logietan Jul 16, 2014 2:53 PM Flag

    Unfortunately, whether the class action has merit or not, CXDC will still have to shell out money just to get these monkeys out of its back. I hope this one is an exception. I am a long term investor and my average cost is only $5. Although I missed making money when it went up to $13, I am not holding CXDC responsible. Maybe the short seller who concocted the story to make money if it can be proven that he lied.

  • We all know that there were a lot of sellers the past 2 days. The question is who bought the stocks of all those sellers? If there were buyers, the stock would not have dropped 25%. The only conclusion is that the specialist had to when nobody else. They had to take the risk, so they had to bring the stock as low as possible. From this point on, they have to encourage people to buy the stock and they have to do it by gradually increasing the price so they can sell their inventory at a profit.

    Sentiment: Buy

  • Reply to

    $55K Profits

    by lionmonienqhm Jun 13, 2014 2:14 AM
    logietan logietan Jun 13, 2014 8:47 AM Flag

    Go away. We do not need you bragging after the stock dropped 25% in 2 days. I have seen similar posts in my other stocks. This is spam. Yahoo should be notified.

  • Reply to

    LACO making me hugee money

    by andievignolaoyb Jun 8, 2014 8:27 AM
    logietan logietan Jun 12, 2014 2:39 PM Flag

    You are so full of... How did you make money when Laco's stock has been dropping since it reported earnings in early May?

  • logietan logietan Jun 12, 2014 11:51 AM Flag

    I am now having doubt about the status of our investment on Ohio. We know Caesars took $73 million as management fee last year. Maybe there are other stipulations that we are not aware that are not good for LACO. A lot of people are now doubting the profitability of our investment in Ohio as reflected in the price of our stock.. If it is good, you think management will hide it for ridiculous reason? $35 lost investment. Take off 1.5 from the price of LACO to $3.

  • logietan logietan Jun 11, 2014 5:44 PM Flag

    I think this is a healthy pullback. You do not expect a stock to rise continuously. There are a lot of sellers today. Some decided they had made enough and took the profit. Some got scared and sold after the stock drop more than a point. The bottom line is that the specialist of the stock had purchased enough inventory at a low price today and will only try to raise the trading range to make profit. I think the stock will start to recoup lost ground in the next few days.

  • Reply to

    KEEP UP PRESSURE FOR K-I RELEASE

    by josejosb May 22, 2014 9:20 AM
    logietan logietan May 22, 2014 3:30 PM Flag

    I think you are right. LACO should have transparency and reveal the status of its investment on Rock Ohio. Are we making money or not? We are not violating secrecy law by just giving some details on our investment unless it pertains to sensitive material or trade secrets. I am sure Rock Ohio or its other partner Ceasar, pay tax to the State of OHIO and had give some information to its profitability. We just need some details. Laco is a public corporation. Add another quarter drop on Laco's price for me saying this matter.

  • logietan by logietan May 19, 2014 12:24 PM Flag

    This is interesting. I just saw posted profits of 33K, 55K, 77K on LACO. Can you guess the next number in the series?

  • logietan logietan May 16, 2014 7:46 AM Flag

    Correction. Laco has to make $26 M just to make an EPS of $1 or PE of 20. So LACO is overpriced right now bec of non-performing assets.

  • logietan logietan May 15, 2014 8:17 PM Flag

    I am not sure what you are talking about. You have such a wishful thinking. This Company has a lot of under performing assets. You mentioned the $21 Million investment on Horseshoe Cleveland and Cincinnati which is supposed to be 10% of the Companies. I am sure they are making monies, but where is our 10% share of the profit. As of today our $21 Million investment is just investment. 0 return. Then we have the $50 Million on Jamul. It is just another investment. Return nada. We have only the Rocky Gap making a meager return. It has to net $26 M , just for the Co to have an EPS of $1 or PE of 5. This Co is better off having a trust for the $50 M Jamul debt and distribute it to stockholders at $2 per share. Maybe they can do the same for the Horseshoe Ohio investment. Then you will have a $2 stock.. If Rocky Gap makes $5 M a year, you will have a Co with PE of 10.
    logie

HXM
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