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Lee Enterprises, Incorporated Message Board

longtimefollower 40 posts  |  Last Activity: Jan 18, 2015 9:11 AM Member since: May 12, 2000
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  • Reply to

    Took 1/3 off the table today at $21.80

    by smaycs4 Nov 19, 2014 3:36 PM
    longtimefollower longtimefollower Jan 18, 2015 9:11 AM Flag

    Do you really think I live for day to day movements in stock prices? ANR is a potential 10 bagger, with over $5 in gross cash per share, and a $15 book value. Do I really care about short term price swings, on something whose option value is worth dramatically more than the current stock price, and whose true value will be astronomically higher, when met coal prices rebound. Will I really care after AKS is back to $6-7 by the end of January? And now, as I have dug down even deeper into ATNAF, and they have announced their gold production guidance for 2015 (on rising gold prices), that they are going to go from 33,000 ounces produced last year, to probably 60,000 produced this year? Generally speaking, if you KNOW what you own, maintaining a discipline to average down is a strategy that pays off. And many micro cap stocks like I typically own can be QUITE volatile, and quite unpredictably so. Yes, AKS's decline to $4 over the last few weeks is astonishing. But the CEO bought a cool $1 million worth of stock in the open market, several weeks ago, and I daresay that THAT is going to be more operative here, than the vagaries of wild short term price swings in the stock, based upon DELUDED macroeconomic perceptions in the broader marketplace, that FALSELY associate AKS with oil industry exposure, when it has NONE.

    Stocks go up, and stocks go down, especially in the short run. But if you are in the RIGHT ONES, on a fundamental valuation basis, eventually valuation will win out. And I expect to make a killing still in CLGRF, ATNAF, AKS, and ANR, in particular. On the oils, I would prefer a diversified approach, at this point, going for HERO, PGN, and possibly PWE and EXXI. But I also would be inclined to wait until oil prices settle out more, before adding more oil stocks generally, or at least until any individual stock I am looking at buying has shown a bottoming pattern.

  • Highest volume day on Toronto since the 2011 "craze"! As gold enters a potential bull phase, and new money is coming into the sector, they are making a BEE LINE for Claude. The potential here is incredibly exciting.

  • longtimefollower longtimefollower Jan 17, 2015 1:29 AM Flag

    Excellent analysis.

  • longtimefollower longtimefollower Jan 16, 2015 1:30 AM Flag

    I agree. This thing should trade up to 10-12 cents, on this announcement, AND, if they perform, I don't see why it couldn't trade up to 20-25 cents, within 12 months.

    this thing seems MASSIVELY oversold still, especially with the strengthened balance sheet, guidance for record production in 2015, and with gold possibly transforming into a bull market.

    Considering this stock was well over $1 a few years ago, the potential here is enormous, especially, again, if they achieve record production this year.

    Sentiment: Strong Buy

  • Reply to

    Took 1/3 off the table today at $21.80

    by smaycs4 Nov 19, 2014 3:36 PM
    longtimefollower longtimefollower Jan 6, 2015 1:09 AM Flag

    Some of My favorite long ideas are ANR, ACI, AKS, MT, HERO, PGN, RVM, TC, ATNAF, PFIN, and HTCH. I also like TUES as a short, and am looking to reshort before the earnings release.

  • longtimefollower by longtimefollower Dec 22, 2014 12:21 AM Flag

    I like some of the leadership moves they've been making.

  • longtimefollower by longtimefollower Dec 5, 2014 1:53 AM Flag

    The 32.5 cent high of the day was a new 52 week high.

    FINALLY....Claude is getting some of the attention it deserves.

    Sentiment: Strong Buy

  • ....that they continue to maintain an insular management and board structure, and did not have the right people to implement the lean production methodology.

  • longtimefollower by longtimefollower Dec 2, 2014 10:58 PM Flag

    ....the company still lost a rather alarming 8% of net sales, for the quarter, and over 10% for the 9 months to date. Wasn't ReVive, and the cost cutting to date, supposed to do more for overall results by now? This kind of loss rate is indicative of a very unhealthy business.

    This company, by my guess, probably needs at least a 25% increase in sales, just to get to break even.

    The stock is cheap on book value, and other measures, but the balance sheet just keeps getting weaker and weaker, with the company now being in a position of having no excess cash, net of debt, which is a tragic eviseration of value over the years. Also, when compared to the rate of loss a few years ago (which was much lower), the company still has its work cut out for itself, and the disconnect between management's misplaced optimism in the conference calls, and the underlying sickness of the business, adds to a feeling of "unreality" here which is extremely disquieting.

    My position is down to less than 1% of my overall portfolio. This was my largest holding, as recently as earlier this year, but the continued losses, and the increase in them, as a percent of sales, adds to long term risk.

    Sentiment: Hold

  • Seems like a big deal to me. Gives them the liquidity they need, and seems to minimize the chances for any further dilutive share issuances.

    I've been buying, and now own over 7 million shares, or roughly 3.5% of the company.

    Sentiment: Strong Buy

  • Street estimate of 38 cents appears fairly in line with the company's implied "guidance." But this does not invalidate my point that to assume the company can and will beat those estimates, merely because of how "brilliant" Rouleau is, is naive, at best.

  • Reply to

    High estimate for year ending Jan 2016=92 cents

    by smaycs4 Nov 21, 2014 10:11 PM
    longtimefollower longtimefollower Nov 29, 2014 1:18 AM Flag

    You are very foolish. The Street estimates are NOT the company's estimates. The company's IMPLIED estimate, based upon guidance for a fiscal q4 break even, suggests they will earn NO MORE THAN 50 cents in EPS for the year. Therefore, the Street is WAY TOO HIGH in its estimates. And the estimates are NOT "built to be beat." On the contrary.

    Your "we will assume Rouleau will outperform" nonsense is clearly DRINKING THE KOOL AID, and you deserve to have your hat handed to you, as i fully expect you will you will. Your trusting in this "low hanging fruit" bs that Rouleau is spouting proves you have been taken in. I repeat that there is ABSOLUTELY NO CREDIBILITY for a manager who, after nearly 2 years on the job, has "suddenly discovered" all of this "low hanging fruit." I find it mighty convenient that he has "discovered" this particularly shylock form of flim flam, RIGHT at the point where they are about to indicate that the merchandise margin turnaround is FAILING, and that he is setting you SHEEP up to trick you into letting him "buy more time" for the much vaunted, but largely STILLBORN, "turnaround" of Tuesday Morning Corporation.

    You are clearly delusional in your dismissing of the lower IMU's, and how that has FAILED to generate the kinds of sales gains they need to justify anything more than a high single digit stock price.

    Sentiment: Strong Sell

  • Reply to

    High estimate for year ending Jan 2016=92 cents

    by smaycs4 Nov 21, 2014 10:11 PM
    longtimefollower longtimefollower Nov 25, 2014 1:21 AM Flag

    If the avg estimate is 79 cents, why are you using 90 cents?? Also, the fiscal year ends June not January....so fiscal 2016 needs to be discounted an additional 5 months by you.

    The gross margins remain the HUGE problem here, with the lower initial markups being offset only barely by higher sales. The ENTIRE STRATEGY is predicated upon much higher sales....and with guidance of SINGLE DIGIT comp increases for the current December quarter, you can almost GUARANTEE that the Xmas quarter is going to be an overall disappointment. This whole "we have tons of low hanging fruit" scam is intended as a sleazy "sleight of hand" attempt to buy extra time, for them to pull something out of their hat, while they continue to FALSELY REASSURE the markets that "everything is going gangbusters, and is 'on track.'

    This is PURE FLIM FLAM....and the company is primarily operating on HOPE, and a quiet (and secret) desperation, at this point.

    It REMAINS TO BE SEEN where the EPS growth they desperately need is going to come from....which is the whole point of my pointing out how their last quarterly release was NO BETTER than the average of the recession hears 2008-2010, averaged together.

    Rouleau has worked all kind of magic, to remake this company, and get dramatically better managerial control of the thing, that is uncontestible. But that is the very thing that makes the FAILURE to date so stark. It's the merchandising, STUPID! And the failure of the merchandising to gussy up gross margins enough.

    I look forward to reshorting in a month's time.

    Sentiment: Strong Sell

  • Reply to

    Stopped out at $21.60 a week back.

    by longtimefollower Nov 20, 2014 11:42 AM
    longtimefollower longtimefollower Nov 25, 2014 1:10 AM Flag

    It's obviously a double edged sword...and the kind of "sheep" that own a stock like TUES can be fickle in their buying and selling habits. That having been said, I think the way it held up so well, in the October selloff.....and after a ho hum earnings report with ho hum guidance, along with the suggestion through the 13F reports of SUBSTANTIVE near term demand for the stock, tells me that there are still plenty of "believers" here......and i'd rather reshort prior to xmas sales indications, and/or earnings release, in order to keep risk to a minimum. (I believe the catalyst for a selloff will be all of the "sheep longs," that think they are going to make a killing, when the xmas quarter earnings come out....and plan on "selling into the big rally"......a rally, of course, that will never happen.

  • Reply to

    What about Mike Sylvestre

    by tallcg Nov 13, 2014 8:31 PM
    longtimefollower longtimefollower Nov 24, 2014 6:35 PM Flag

    I'm not sure you need to "force" them to go on a major exchange. They have said publicly that that is something they are looking at, and are focused on.

  • Reply to

    Stopped out at $21.60 a week back.

    by longtimefollower Nov 20, 2014 11:42 AM
    longtimefollower longtimefollower Nov 23, 2014 1:23 AM Flag

    Because the 13F filings are telling me that there are probably enough "sheep" to keep this thing going a bit while longer, and I'd rather wait until we get closer to the xmas sales report, at least, before going short again, because I figure between now and then we'll probably stay in the $21-25 range.

  • Reply to

    What about Mike Sylvestre

    by tallcg Nov 13, 2014 8:31 PM
    longtimefollower longtimefollower Nov 22, 2014 12:58 AM Flag

    Well, it is classy of you to apologize. As to your last question, i'm going to leave changes in the status of my filing as a 13D holder to formal SEC filings. Suffice it to say, I continue to support the strategic alternatives process the company is engaged in, and believe that *anything* should be for sale for the right price. But I also believe that the company is substantially undervalued, and that "time is on our side," decidedly, now, from a shareholder perspective. (The value of the company will only go ever higher, over time, over the next year or two, as material free cash flow is generated, and debt is substantially, or even dramatically, paid down, leaving the company as an ever increasingly attractive "tuck in" takeover candidate for another miner.)

  • Reply to

    What about Mike Sylvestre

    by tallcg Nov 13, 2014 8:31 PM
    longtimefollower longtimefollower Nov 21, 2014 1:56 PM Flag

    I dont think you can compare someone who has a Masters of Science in mining, and plenty of experience, with Neil McMillan. Your constant negativiity and cynicsm creates a horrible undertow here. The company has been "remade," and i fully anticipate we will be rewarded handsomely. Skanderbeg gets a whole lot of credit for the improvements here. Calling him "Neil's boy" is an affront.

  • longtimefollower longtimefollower Nov 21, 2014 1:53 PM Flag

    I don't think that is valid at all. They have exposure through ESOP plans. And the directors have a huge percent of their director fees paid in stock and DSU's.

  • longtimefollower by longtimefollower Nov 20, 2014 11:42 AM Flag

    Looking to reshort in the $24.50-25 range.

    The 13F reports are interesting, and show fairly broad based instituional purchasing during the quarter, with no material sellers getting out of large blocks...other than, interestingly enough, Becker Drapkin.

    I believe these institutions getting into this stock are momentum based SHEEP, who are chasing performance. That having been said, stocks go up based upon supply and demand, and right now, there is DEMAND because there are BELIEVERS. (And like the typical momentum bs, the more it goes up, the more suckers that are born every minute to want to get on this train.)

    no point in being short now, until the stock climbs higher, or until we get closer to a prerelease of xmas numbers. But one thing is for sure: the institutions at are buying this stock did not read the same earnings release and conference call transcript i did.

    Sentiment: Strong Sell

LEE
3.10+0.03(+0.98%)Jan 23 4:03 PMEST

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