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Chromcraft Revington, Inc. Message Board

longtimefollower 60 posts  |  Last Activity: Jul 16, 2014 4:17 PM Member since: May 12, 2000
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  • That's INSANE...all the more so considering we got a $5 or so book per share, net debt to equity is LOW, we are cash flow positive, and the company is guiding for material net profitability in the current quarter. Plus, Heald, in any normal M&A environment, should be worth at least THREE TIMES the current market cap.

    This is not a Career education, whose underlying operations are HEMORAGGHING. Assuming we get a waiver from the bank, on the technical default, and get a new GAP lender in June, any and ALL perception of near to intermediate term liquidity risk here will go RIGHT OUT THE DOOR...and the shorts will be going in their pants, at that point. Such a situation could be a mere 4-6 weeks away! COVER NOW, you fools. Pigs get slaughtered!

  • longtimefollower by longtimefollower May 8, 2014 11:18 PM Flag

    CECO's operating losses, as a percent of revenues, are an astonishing 20% or so, indicating a VERY sick business, that probably needs ANOTHER restructuring.

    I would sell this stock, and put the money in COCO, which, while it doesn't have the cash position CECO does, has a much healthier business, that is running near break even, with positive cash flow....and announced another $125 million in annualized cost cuts.

  • Reply to

    Shah Capital Filing

    by badmoon_ryzzin May 8, 2014 5:26 PM
    longtimefollower longtimefollower May 8, 2014 10:00 PM Flag

    Well, i bought too. There are more sellers than buyers....in the near term.

  • Reply to

    Shah Capital Filing

    by badmoon_ryzzin May 8, 2014 5:26 PM
    longtimefollower longtimefollower May 8, 2014 10:00 PM Flag

    What does this have to do with anything? You spaz.

  • Reply to

    Shah Capital Filing

    by badmoon_ryzzin May 8, 2014 5:26 PM
    longtimefollower longtimefollower May 8, 2014 9:58 PM Flag

    It's actually 8.41% that they are up to, including combined voting shares.

    If they go over 10%, they will become an "insider" for reporting purposes. It will be interesting to see if they are willing to do that.

  • Reply to

    CEO POSITION RESUME

    by davenport_mba May 7, 2014 7:22 PM
    longtimefollower longtimefollower May 8, 2014 8:40 AM Flag

    No MBA who ws actually WORKING would waste his time on this drivel.

  • longtimefollower by longtimefollower May 7, 2014 4:06 PM Flag

    What can i say? I like the stock. They are PROFITABLE going forward. They are not hemoragghing like a Radio Shack, or other truly "walking dead" outfits. They are highly likely to get a new student lender, and a bank covenant waiver (for what was a technical default anyway) in the near future.

    i think the Street is crazy for selling this one down this much. The more real "risk" at this point is "reversion to the mean." Which could also trigger massive short covering. If they don't go bankrupt in the near term (which would seem a preposterous scenario), a major rally is pretty much "built in" now.

    The pendulum has swung too far. It may swing farther, i suppose, in the very near term...but i'll keep buying, if it does.

    Sentiment: Strong Buy

  • Reply to

    You idiots should just double and triple down

    by timetime222 May 7, 2014 12:48 PM
    longtimefollower longtimefollower May 7, 2014 1:29 PM Flag

    My average cost is $1.54. There is plenty of room to make money here. Heald alone is worth at LEAST three times the company's market cap.

  • Don't let it run away to the upside. Cover shorts NOW!

  • longtimefollower longtimefollower May 7, 2014 12:28 PM Flag

    Well, i certainly agree.

  • longtimefollower longtimefollower May 6, 2014 8:57 PM Flag

    Your "100+ negative pending outcomes" shows your bias. You WANT it to go down. You don't care about an honest appraisal of risk reward.

    Your responses are NOT "MBA quality." They are the mark of someone emotional...if not CONSUMED by emotion. I wonder why.

  • longtimefollower longtimefollower May 6, 2014 4:26 PM Flag

    There's nothing "exact" about what you said 4 years ago. In fact, what you said wasn't "predictions" at all....but just a regurgitation of their general situation, at that point in 2010, and an expression of generalized "dis-ease" on your part. And you want us to be impressed?

    You really are a legend in your own mind, and distastefully so. One would think your MBA title would be "good enough" for you, in knowing you have the education you do. But your need to self congratulate, and self promote, is what makes it so unseemly.....especially when there is really nothing original or creative about your thinking on COCO. You fancy yourself as the canary in the coal mine....but you are really just a preening, and overweening, buzzard.

  • Average cost of $1.58. (I was 10% of today's total volume.)

    My Expectations:

    1) Cost cutting will stay ahead of revenue declines. Company remains cash flow and GAAP EPS positive.
    2) Company finds lender to replace ASFG by June 30th. Lender buys all in house funded loans as well.
    3) Company gets waiver from bank on technical default in the next week, before 10-Q is filed.
    4) Company remains in compliance with ED, with NO requirement of posting letter of credit.
    5) New initiatives turn around enrollments by the end of this calendar year.
    5) Company maintains liquidity. Stock trades higher when investors see this is NOT a "pending Ch. 11."

    KICKER: Sale or spin off of Heald could yield multi-bagger stock price increase (and MASSIVE short covering rally) similar to what happened with CECO, when it sold off its international ops.

    Sentiment: Strong Buy

  • Please see my press release from today, along with the related SEC 13D filing.

    The release speaks for itself. I believe the 2 compansation committee members, Kenneth M. Scheriff and Jeffrey R. Franklin have, without question, have evidenced themselves to be corrupt figures, serving on P&F's board exclusively to "feather the nest" of CEO Richard Horowitz, as Horowitz licentiously, with moral larceny in his spirit, and a sense of contempt for the outside shareholder base, has taken out the lion's share of the increase in the company's value, over the last decade or more, for himself.

    There is no justification for the pay that Horowitz continues to take out of this company, and the "revision" of his employment agreement, by Scheriff and Franklin, for 2014, reveals in spades, the form of perverse and diabolical "sway" that Horowitz has over a majority of the P&F board.

    I intend to vote to WITHHOLD directors Scheriff, and Mitchell A. Solomon (a golfing buddy and close personal friend of Horowitz) at the upcoming annual meeting later this month. I also intend to vote AGAINST the approval of the executive pay.

  • longtimefollower by longtimefollower May 1, 2014 4:41 PM Flag

    Looks like i'll get a chance to average down even lower. The new programs are delayed, but they are coming.

  • Buying continually over the last couple months. Including today.

    Sentiment: Strong Buy

  • As recently as a couple weeks ago. And BEFORE an earnings release? Is that a 10b-5 plan?

    Did any insiders PARTICIPATE in the announced 2.1 M share stock issuance, and BUY stock?

  • longtimefollower by longtimefollower May 1, 2014 12:15 PM Flag

    Why?!

  • Reply to

    Now we know, shorted shares

    by uptabdowntab Apr 28, 2014 12:43 PM
    longtimefollower longtimefollower May 1, 2014 2:38 AM Flag

    I'm not sure that's enough short shares to be material, either way....but i do like your notion that the fact that no insiders sold when we ran up to $6+ is bullish.

  • Reply to

    CATCH THAT FALLING KNIFE

    by davenport_mba Apr 30, 2014 4:29 PM
    longtimefollower longtimefollower May 1, 2014 2:27 AM Flag

    I think buying it at 10 cents is the most asinine thing i've ever heard. (If the stock gets THAT low, it'll only be if they're in bankruptcy, and you're going to get wiped out, in THAT case.)

    I think such a statement of yours reveals you to be the self proclaimed, self aggrandizing, buffoon that you are.

    I think you are a fraud.

    I continue to buy, as i think any scenario is a money making scenario, at this point, EXCEPT a bankruptcy announcement.....and i see that as highly unlikely, in the near to intermediate term.....and probably long term as well.

    "Trusting" that a stock that is going down is NOT a buy, MERELY because it is going down, is utterly conventional thinking.

    The short money has been made here. Reversion to the mean is much more likely in the near term. Going "straight to zero" makes no sense, considering the positivd cash flow the company has maintained, and relatively low level of debt.

    But suit yourself. And enjoy the "bubble world"....where you get to be the "smartest guy the room".....in your own mind.

    I don't have an MBA, but i do know how to pick stocks. If i am wrong about this one, then so be it.....but the proper position to have here is a long one, not a short one. In a diversified portfolio, certainly.

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