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SWS Group, Inc. Message Board

long_short_guy 25 posts  |  Last Activity: 3 hours ago Member since: Jan 15, 2011
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  • Reply to

    RELLVALUE!!!

    by illinoismaker58 Feb 12, 2016 7:35 PM
    long_short_guy long_short_guy 3 hours ago Flag

    "Sokath, his eyes uncovered!"

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 11, 2016 9:17 PM Flag

    We appreciate your opinion..

    Sentiment: Strong Sell

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 9, 2016 7:41 PM Flag

    Thank you for confirming my post on "adjustments" to deferred tax valuation allowance...

    RELL is telling you they will be losing money for a long long time. Howard Schilit would call all these adjustments, Financial Shenanigans

    Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, Third Edition

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 3, 2016 9:40 PM Flag

    you may also want to tell the board you ideas on the German tax audit

    from 2015 10K "We are also currently under examination in Germany (fiscal 2008, 2009, 2010, and 2011).

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 3, 2016 9:20 PM Flag

    you may want to explain RELL's the +5Mill deferred tax " valuation allowance".

    A valuation allowance is for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset. Any changes to this allowance are to be recorded within income from continuing operations on the income statement. The need for a valuation allowance is especially likely if a business has a history of letting various carryforwards expire unused, or it expects to incur losses in the next few years.

    RELL is telling you they will be losing money for a long long time. Howard Schilit would call all these adjustments, Financial Shenanigans

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 3, 2016 6:45 AM Flag

    they paid foreign taxes on foreign profits,
    "and this single items logically confirms to us that RELL indeed had an actual profit in 2015”
    this statement is false.

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Feb 2, 2016 7:26 PM Flag

    Now here is one of RellValue other completely false posts about RELL’s profitability. AND THIS IS A WHOPPER.

    “Lastly, or most likely lastly unless I think of anything else I feel like sharing, if you take the actual operating income of -$1.558 million and include the rest of the income statement, you realize that for the year 2015 RELL didn't lose money at all. Conversely, their actual net income turns out to be a gain of $969,000; $0.07 per share. This information can be logically concluded by a single important item foumd on the statement of cash flows: Cash Paid for Taxes. The cash paid in taxes was $495,000. Companies that incur an actual loss do not pay taxes, and this single items logically confirms to us that RELL indeed had an actual profit in 2015”

    NOW THE TRUTH: From 10K for fiscal year end 5/31/2015.

    Note# 8. INCOME TAXES Income (loss) before income taxes includes the following components (in thousands): Fiscal Year Ended May 30, 2015
    United States $ (9,287)
    Foreign 2,293
    Income (loss) before
    income taxes $ (6,994)

    Also in the same foot note:
    Income taxes paid, including foreign estimated tax payments, were $0.5 million, $2.1 million, and $1.7 million during fiscal 2015, 2014, and 2013, respectively.

    Paying foreign estimated tax payment does not mean RELL made money.

    And if anyone can figure out how RELLVALUE “actual” operating was only a loss of 1.5M versus the -8.5M reported on the 10K PLEASE share, or ask our favorite licensed stock analyst….., he/she/LBGTQA makes a lot of mistakes

  • long_short_guy by long_short_guy Feb 1, 2016 6:56 PM Flag

    Must copy and past as RellValue will delete when found to post false data. (AGAIN)

    "Royce & Associates reported on 1/27/2016 that they've increased their position in RELL by 46,655 shares. They now own 10.15% of the business"

    No reports on Royce website. Where did they report new purchase Rellvalue?

    Per 13G's and proxy no change in Royce position in a year!!!! What time period are you using .
    12/31/2015 13 G 1,088,849 (SEC date 1/27)
    Proxy 8/21/2015 1,088,849
    13G 11/3/2015 1,088,849
    13G 1/20/2015 1,088,849

    What I could have posted . ROYCE REDUCE POSITION BY ALMOST 50%. SINCE 13G 12/31/2002 OF 2,084,278 TO 1,088,849 AT 12/31/2015: DOWN 995,429 SHARES!!!! At least my data is correct.

    Please stay awake in Ed's staff meeting

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 29, 2016 9:07 PM Flag

    "i picked the name rellvalue because I pick a new username for everyboard I'm involved in for record keeping purposes. Stock symbol + value (because I'm a value investor) and you'll find me! Anymore illogical and meaningless questions?"

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 9:18 PM Flag

    Dr Graham, quant valuation was only the first step.
    Graham was also careful to list the factors which affect the capitalization rate of a company – general long-term prospects, management, financial strength/capital structure, dividend record, and current dividend rate.
    Face it Flounder, you messed up, you trust ED

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 9:16 PM Flag

    So rellvalue is not on any other board, LIE. Caught again, and lies about which name he/she/LBGTQA postss on

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 28, 2016 6:51 PM Flag

    Unless lies and post on the green light capital board, or Avon board or the Platform Specialty Products Corporation. Look quick as he will delete those post and claim he never said it. also lying there. I see why he/she/LBGTQA is so sensitive, Hold Strong Rellval, stay they course. A licensed professional analyst like yourself is smarter than Dr Graham, who always analyzed the conduct of management.

  • Reply to

    Brain Injury

    by gaaptrue Jan 26, 2016 12:55 PM
    long_short_guy long_short_guy Jan 27, 2016 6:50 PM Flag

    Now you have done it, you made Rellval upset. Please, he/she/LBGTQA, is very sensitive. What pressure it must be to be the smartest he/she/LBGTQA licensed analyst in the world. There is no truth that he/she/LBGTQA still lives in moms basement.

  • long_short_guy long_short_guy Jan 24, 2016 9:27 PM Flag

    Just moments ago, 1/12/2016 at 7:26am, Morningstar issued a Buy Rating for shares of GLRE. Thanks to the good folks at Yahoo, who is close to selling their fledgling company, many of you wont be able to read it because Yahoo has a no links policy.

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Jan 24, 2016 9:20 PM Flag

    Other benefits, such as basic health benefits, life insurance, paid time off, matching charitable gifts and tuition reimbursement, are intended to provide a stable array of support to our employees, and these core benefits are provided to all employees. In addition, Mr. Leever, Chief Executive Officer of Platform, for security purposes, is required to use a private corporate aircraft for personal and business-related air travel unless a private aircraft is not reasonably available. If a private aircraft is not reasonably available, he is entitled to first class air travel for business-related travel."

  • Reply to

    GAAP recognition vs Actual recognition

    by rellvalue Jan 24, 2016 2:11 PM
    long_short_guy long_short_guy Jan 24, 2016 9:12 PM Flag

    "The main purpose of all of this is to provide evidence that management has done an extremely good job at creating value in a poor economy;" ..................Sorry the economy has been expanding since.... enter Obama date here , funny, just funny, ... When you NCAV is lower next Q, next Q, next Q... be happy

  • long_short_guy long_short_guy Jan 24, 2016 9:04 PM Flag

    “a real analyst doesn't really look at that as a decline in book value because he never counted the temporary gain in book value to begin with” You say the temporary gain never counted, but use it to support your false narrative. Which is it? I posted after the onetime gains I should have said since a specific date. My bad. But you still contradicted yourself on the use of onetime items to support increase in BV.

    Licensed, simple question, which one? federal, state

    One of your deleted posts stated, if not investing 100 Million portfolio, I should play with cigar butts. 100M port, with very concentrated positions, RELL @65M market cap. That would be a very large percent of company. are you now majority shareholder? just based on what you have stated.

  • long_short_guy long_short_guy Jan 22, 2016 6:49 PM Flag

    1) Rellval said that shareholder equity has not decrease every quarter since 2011, HE WAS WRONG. False narrative. 1 Point for L_S_G
    2) Rellval try to make a case of book value and tangible BV, was the issue. Prior to last two quarter intangibles and IMES purchase, intangible assets were not meaningful. Again false narrative. Book value is very important in valuation of banks and used in other valuation techniques. ROEx BV is a common technique of earnings power. Analyst look at a continual decline in BV as a sign of financial weakness. 1 point for L_S_G
    3) Rellval stated that cash burn was a function of increased R&D, when asked to prove data point, refused, because the company does not disclose. 1 Point of L_S_G
    4) And this if funny, rellval deleted his post as claiming over 20 years as a “licensed analyst”, Why is that? LIFA is now defunct? Or right to use a designation is not a license? 1 Point for L_S_G,
    5) NCAV is a valid valuation tool, but IMO not when you have a super-majority voting class that will not sell ; push
    6) “will make a ton of money in next 2 years” . Ed is 74, will be 76 in 2 years, and could be dead. BUT, super voting shares pass to heirs. Push
    7) AND FINALLY, The question is what do you think that tax treatment of the distribution of the company should be???. Rellval – failure to address the question attacking the poster 1 Point L_S_G
    Final score: L_S_G Five
    PUSH 2
    Rellval ZERO

  • Let me rephrase the question:
    Sould the distributions from the company paid to common shareholder be taxed as :
    A ) common dividend income at the tax payers normal tax rate?
    OR
    B) a nontaxable return of capital, reducing the cost basis of the shareholder, based in the decreases in common equity as in 10Q and ten K?s detailed below:
    Total Shareholders' Equity
    May '11 224.17
    Aug '11 220.84
    Nov '11 212.31
    Feb '12 212.07
    May '12 200.21
    Aug '12 194.93
    Nov '12 190.26
    Feb '13 189.84
    May '13 185.24
    Aug '13 180.27
    Nov '13 179.54
    Feb '14 178.64
    May '14 174.85
    Aug '14 172.78
    Nov '14 166.16
    Feb '15 159.82
    May '15 156.65
    Aug '15 150.66
    Nov '15 144.64

    Now If you are using data from the Southeastern Conference, I understand your confusion. But when the current quarter data is less than the prior quarter it is a decrease.

    Also RellV, Please tell me in what 10Q or K in the past 5 years where the company reported R&D, One, just ONE, give me one from your 10 year detail analysis. I could not find the word ?research? any Q or K in the past five years. Just tell me ONE.

    And by the way, Chevy didn't make a 327 in #$%$ the 327 didn't come out till '62. And it wasn't offered in the Bel Air with a four-barrel carb till '64. However, in 1964, the correct ignition timing would be four degrees before top-dead-center.

  • long_short_guy by long_short_guy Jan 19, 2016 8:37 PM Flag

    Given: Total shareholder equity has decreased EVERY quarter since 2011. (224M now 145M)
    Given: Current Assets down significantly over the same period. (288M now 138M)

    IS/WAS THE DIVIDEND INCOME, OR A RETURN OF CAPITAL????

    Romper stomper bomper boo, tell me, tell me, tell me, do.

    Sentiment: Strong Sell

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