the big orders are still to come.
thanks speedo. Also, this story is not on my front page of yahoo. Tesla may use wonder material in battery.
Let's hope. It this story has any traction and gets an announcement, $30 tomorrow.
common.... great report, no doubt. Was hoping for a bit more revenue in Q2. Guess it will come on strong in Q3. CC will help tomorrow too. Big guidance will make the stock fly.
good point. But ya know, the market works in mysterious ways. IMO, OMCM at least seems like a bigger company than they are. If you read their PRs they sound like they are doing 10s of millions of dollars in business each qtr, when in fact, they do as much as DTRK. As far as the book value, you did see that it's a negative right? OMCM's finnancials are a mess. They have no BV. They probably are a going concern and don't forget the preferred stock conversion issue. They probably have close to 150M shares o/s, is my guess. DTRK is just boring and doesn't get any notice, especially on the pinks.
I saw that CVV is involved with Graphene Batteries from their website, just about a year ago they issued a press release. Not sure if they are STILL involved. Could be a home run if they are. Great find.
The drop today is what I thought would have happened last week. The "earnings" report was weak. They make selective comparisons to prior year and period to highlight good things. Bottom line is that they STILL don't have over $3M in quarterly revenue even with $20M in backlog. THe stock is going NO WHERE until things start improving substantially. It is just taking too long. I only have a few shares left and would consider it a bargain if it gets to $5 per share AND they start growing 20% sequentially for four or so quarters. Other than that, the last of my shares will be gone this year to offset other gains.
Had ebix yrs ago and was deeply disturbed at the GS fiasco and sold at $20 a few weeks before it collapsed to single digits. I have not listened to the CC yet, only read the earnings PR. Two take aways. First is that I have heard way too many times that RR has some big proposals or opportunities that they are working on. What some people don't know is that the time frame from "winning" a client to revenue recognition could be a year. If EBIX is winning these clients, they should be annoucing them with the explanation of the lag in revenue recognition. I dont' see in the numbers that they are winning any significant business because revenue growth has been minimal for a while. Not sure what would change in EBIX winning new business. They sure haven't lost any as he points out. Second take away is that with the new LOC, purchase of a small business, paydown of the revolver, purchase of buildings, I got the feeling RR is setting up a big annoucement of a giant buy back. (I read some messages that this was strongly alluded to onthe CC). My guess would be minimla of 100M, maybe 125M commitment. That is only 2 years of cash flow to pay off. Think about it.
I still like EBIX but just too many distractions. Glad I got in before the 2 splits. Will listen to the CC and reassess. Just ranting...Magilla.
question for the board. I don't think i ever invested in a foreign company such as SPCB before. It's only Israel, so i'ts not like it's Russia or Iraq. But my quesiton is do you think the fact that they are based in Israel have an impact on valuation on the Nasdaq?
Considering what management said about the reduction in net income compared to prior year: "The decline in quarter-over-quarter net earnings was primarily the result of income taxes. In the second quarter of 2013, the company reduced its effective tax rate by utilizing net operating losses with a corresponding valuation allowance that was not repeated in 2014."
If you take a look at the % of taxes on the PR, you'll see a huge difference. This year could easily be hgher than prior year if the tax rates were the same.
On the comparison with prior qtr, in Q1, they sold 600K (net of tax) of carbon credits, which goes right to the bottom line. They didn't sell any this qtr. 600K = .10 eps. Most expect them to sell another chuck of credits in Q3 or Q4.. Even if annualized eps is .50, valuation is low.
Common, your analysis is probably in the ball park. They simply must execute now and let the quarterly reports show the big revenue increases and net income to be shown. A quarter or two of this and it WILL get noticed. Mo mo traders will follow and who knows where this will go quickly but probably, IMO by years end.