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RadioShack AO Message Board

longtimefollower 36 posts  |  Last Activity: Nov 13, 2015 1:53 PM Member since: May 12, 2000
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  • longtimefollower by longtimefollower Nov 13, 2015 1:53 PM Flag

    I'm buying.

    Sentiment: Buy

  • longtimefollower by longtimefollower Nov 12, 2015 12:38 AM Flag

    "Our production and cost performance are sustainable." And "Claude is a sustainable 70k ounce a year producer."

    This is ALL you need to know to know that Claude remains dramatically undervalued, relative to its expected future free cash flows. The possibility of achieving a 20% increase in mill throughput with a mere $2-3 million in capex (as stated in the conf call), along with the fact that we can drill and explore SO cheaply with our in house drill program.....tells me that if this stock doesn't trade up closer to fair value soon (which is at least $1.25 Canadian in my book), I would put a greater than 50/50 likelihood that someone steps in to buy this company in the next 6 months.

    Do i regret selling, or having to sell, all the shares i did over the last couple years, after having once owned over 5.0% of this company? YES I DO. But i am happy that i still have 10% of my portfolio in it!

    This company's operational performance over the last year has been nothing short of astonishing....ESPECIALLY since the long term picture has gotten so dramatically better...and current production, and costs, are
    NOT a flash in the pan.

    Sentiment: Strong Buy

  • Reply to

    Winter Resupply Program Coming Soon

    by lookin_2_score Nov 11, 2015 2:38 PM
    longtimefollower longtimefollower Nov 12, 2015 12:26 AM Flag

    You POS.

  • longtimefollower by longtimefollower Nov 10, 2015 12:32 AM Flag

    75 cents? 50 cents? Or wait for the insiders to buy??

  • Reply to

    TUES is worth watching for tax selling

    by smaycs4 Sep 29, 2015 10:11 PM
    longtimefollower longtimefollower Oct 10, 2015 12:30 AM Flag

    I think it might have support at $ am willing to pay a bit higher.

    Nice job selling out the last of your shares at the top.

  • longtimefollower longtimefollower Oct 6, 2015 11:42 PM Flag

    My 12-18 month target is $17-24. 18-24 month target of $21-30.

  • The buyback of a 2 million share block from Steelhead Partners affirms the value. Meanwhile, there is roughly $40+ million left to go on the buyback.

    The tissue mill may not be up and running for another 15 months, but it is an efficient conversion from the company's pulp making from traditional (dying) paper to tissue (an always growing market).

    Each 1% increase in interest rates (rates should eventually be going higher) is a roughly $300-400 million reduction in pension liability....and increase to shareholder equity.

    The company has traditionally traded like a cyclical, with pricing power coming in at the later stages of an economic recovery. We will probably be entering such a stage, globally, over the next year or two.

    Selling at a huge discount to book, with tons of asset value....a potential private equity or strategic player takeover candidate, and low and manageable debt.

    An unloved "ugly duckling." A classic contrarian play.

    Savvy value investor Prem Watsa, and other disciplined deep value players like Donald Smith & Co., own shares...with Watsa owning 30%+ of the company, and having "his man" as chairman of the board!

    The company, management, and ownership structure means they are INCENTIVIZED to perform, and the current base of large shareholders will ensure as such!

    Sentiment: Strong Buy

  • Reply to

    What am I missing here?

    by mice20032002 Oct 6, 2015 9:50 AM
    longtimefollower longtimefollower Oct 6, 2015 11:22 PM Flag

    Agreed 100%

    Sentiment: Strong Buy

  • Reply to

    What am I missing here?

    by mice20032002 Oct 6, 2015 9:50 AM
    longtimefollower longtimefollower Oct 6, 2015 11:21 PM Flag

    I am here. Thank you.

  • Reply to

    TUES is worth watching for tax selling

    by smaycs4 Sep 29, 2015 10:11 PM
    longtimefollower longtimefollower Oct 6, 2015 11:15 PM Flag

    Agreed. But not paying more than 4.16.

  • longtimefollower longtimefollower Oct 6, 2015 11:14 PM Flag


  • It's amazing how stupid the institutions could be that were chasing this pig at $18-22....and believing Rouleau's pure claptrap. The insider buying at higher prices was an INTENTIONAL present "false confidence."

    Sentiment: Hold

  • Reply to

    Meeting date is set for Sept. 11th.

    by longtimefollower Jul 21, 2015 1:43 AM
    longtimefollower longtimefollower Sep 18, 2015 11:44 PM Flag

    Happy for you.

  • longtimefollower longtimefollower Sep 18, 2015 11:39 PM Flag

    I agree with your take. The Street didn't like the last financial report, and the fact that the debt comes due soon. But the fact of the matter is that this company is probably the best positioned it has been, on an operating basis, since inception. In theory, if Pinson fires on all cylinders in 2016, the company could be selling at a market cap, right now, equal to an unfathomably cheap 1x free cash flow. And that, incredibly, would be true even if gold stays at the current price.

    Atna has the chance, over the next 6-12 months, to FINALLY achieve respect on the Street. Pinson has the chance of becoming a truly "signature" asset for the company, with REAL financial results and free cash flow generation.

  • longtimefollower by longtimefollower Sep 18, 2015 11:22 PM Flag

    Producing low cost "return of capital" gold from Briggs, which should allow a significant reduction in debt over the coming months. Meanwhile, Pinson continues to ramp up, and has the potential to be burnished as the "crown jewels" of Atna. (I note in their latest investor presentation, done at today's gold conference, they indicate that Pinson is the EIGHTH HIGHEST grade gold mine on the face of the planet, at roughly 14 grams per ton.)

    The only risk seems to be the fact that their debt comes due in January, and they need to get a refi under their belts. But it would seem that at $1138 gold, the prospects for a succesful refi are high...especially considering their sub $900 all in stated cost guidance for 2016.

    This is one of my largest holdings....and I am one of the company's largest shareholders. There is certainly risk here. But the reward potential is enormous....and the successful achievement of a refi would constitute "blue skies," likely giving a significant boost to the stock, as risk is suddenly dramatically reduced in one fell swoop.

    Sentiment: Strong Buy

  • NOTHING else matters....except MERCHANDISE and MERCHANDISING. He can brag about "rebuilding" a company, with all these vaunted initiatives....but is anyone convinced he's doing that much better than where Kathleen Mason would have the company right now, if she stayed on board? My guess: She'd be at break even.....and he's at EPS of 20-25 cents. Considering all of Rouleau's bluster and hot air, we should be at 60-75 cents in trailing EPS, at this point, MINIMUM.

    THE EMPEROR HAS NO CLOTHES. Rouleau's swan song is that of a siren, a harpee, a banshee, or a succubus....very alluring....but intended to MANIPULATE, ENTHRALL, and BEGUILE. What a SHAMELESS and pathetic way to wind down a career.

  • longtimefollower longtimefollower Aug 24, 2015 1:13 AM Flag

    I agree there is a good chance they reenter here. On the other hand, they have probably lost faith in the business model themselves....and Rouleau's ability to turn it around. That is, if they thing getting this thing over 40-50 cents in EPS, any time soon, is they really want to reenter at $6?

    My own reentry point here is $4.00-4.50. And waiting until tax loss selling in Nov/Dec. to see it "hit bottom." But I suspect I'll find more attractive bargains in Nov/Dec. than TUES.

    Sentiment: Hold

  • longtimefollower by longtimefollower Aug 24, 2015 1:07 AM Flag

    The new merchandising strategy has FAILED. 1) traffic is higher with the increased variety of merchandise (wider and thinner) but basket size has NOT increased. 2) distributing costs are HIGHER because of the "wider and thinner" merchandising strategy.

    Rouleau continues to FRAUDULENTLY play sleight of hand with the shareholder base, shamelessly talking about all of the "wonderful initiatives" they are working on, as if everything that has been happening, the last few years, since he came on board, is EXACTLY coming off as they intended. The plunge in the stock price is the WHITE ELEPHANT IN THE ROOM, they TOTALLY IGNORED in the conference call.

    This thing is, and was, pie-in-the-sky at $18. Now, it is fairly valued, based on book value, the strong balance sheet, fact that the company is nominally profitable, etc. However, my own estimate of fair value is probably somewhere between $5-9, so it's not a stock I plan on entering, at current prices.

    The company is SPINNNING ITS WHEELS, and Rouleau continues to look like a rah rah rah, sis boom bah nut case. As long as he is continuing to whistle Dixie, and purvey the snake oil, I wil remain convinced that he really has NO CLUE how to turn this company around. FACT: 80% of what this company needs to do, to make money again is in the MERCHANDISING end. Higher margins, and higher sales. And that CRITICAL strategy has FAILED. All the other "fluff" that this idiot talks about, including new cash registers (now long since forgotten) is just that.....FLUFF. The proof is in the pudding. And there IS NO pudding, as it stands now. The conclusion I have been making for a year or more now stands: Tuesday Morning doesn't have the business model it used to. It is an anachronism...the concept of the "high end discounter" with "sales events" is passe.....just like the K-Mart blue light special. People "see past" that kind of gimmickry today. TUES's "no frills" approach is actually a liability.

    Sentiment: Hold

  • Reply to

    Assets value\share = $19

    by donper618 Aug 4, 2015 8:01 AM
    longtimefollower longtimefollower Aug 10, 2015 11:18 AM Flag

    There is no return on the assets. They have lost money, essentially for a decade or more. The offer is hardly generous....but the premium to the trading price, and getting out from being "tethered" to a failed manager, justfies taking the money and running. With gratitude. And if not gratitude, at least relief.

  • Reply to

    Oh joy!

    by ron284 Aug 3, 2015 7:44 AM
    longtimefollower longtimefollower Aug 10, 2015 11:16 AM Flag

    I agree. I own 2.5% of the public float. The only question is what the special committee will recommend. And whether or not they allow Sham to just vote the deal through, or whether a "majority of the minority" shareholders has to vote it through.

    I believe this is a great arbitrage at the current price. Buy for $5.50 now. Sell for $8.75 in a few months. We KNOW the cash is real...because they paid a special $1 dividend a few years ago....which is UNHEARD of for a Chinese company.

    Sham knows the non affiliated holders of this company are TIRED of the losses, and the destruction of value. With the offer being nearly 3x the trading price prior, I intend to vote my shares in favor.

0.240.00(0.00%)Feb 2 4:01 PMEST