gulley, the company reported disappointing financial performance and guidance toward substantially lower revenue in the upcoming quarter. Despite seemingly good technology and products, their competition has beaten them at every turn and I don't see that changing any time soon. I'm not a buyer. There are much better investment prospects elsewhere.
I envy your timing/prices on UPL, commandor. I misread the market's take on UPL's purchase of oil assets and bought too early. I believe the controversy over takeaway capacity will be proven over-blown in time. On the other hand, the oil land purchase does indicate management foresees NG price weakness further out than originally anticipated. All in all a fine company for the longer term.
I've had a few stocks bought out from under me, BB, where management took irresponsibly low offers. Adams Golf and Audible are two that come to mind. Low P/B is a screen I use often but there is no guarantee the market will pay a fair/generous price for the assets. Good luck.
BB, you may have noticed UPL today announced the purchase of a significant producing oil property in the Uinta Basin. Oil has not been a UPL focus to date, it being a pure play in NG. This 13 square mile property will be owned 100% and add $160 million to EDITDA the first year. There is an extensive document on the UPL website explaining it and how cash flow will fully pay for the asset in 5 years as I recall. The $650 million purchase will be financed with non-dilutive debt. The PPS took an amazing ride today, rising $2.31 only to fall to a close down one cent! I added a few shares at $21.09, figuring the 28% EBITDA increase is not reflected in the low stock price IMO. Do you own DD, of course.
BB, are you still looking to enter UPL? I am surprised to see a remarkable short interest of 24% of float and 19 days to cover as of 9-30. This is far above that of WPX, DVN and other NG companies I watch. Imagine the fuel for a short squeeze! I've read there is skepticism among shorts over UPL's ability to maintain reserves. IMO management has explained their position well. Time will tell who's correct.
For my part I have low cost positions in WPX and UPL dating back to 1Q13 that have seesawed to decent profits. Timely trading "woulda" produced much better returns but no crystal ball here. Note WPX is up 15%+ since Goldman issued their sell opinion LOL. Best regards.
commandor, the message list indicates you replied to the above on October 16 but your post does not appear in the string. The wonders of yahoo! Would you please repost?
I was essentially out of NVTL since early August, commandor. I sold my last trading shares in late June in the 3.90s and my core in stages through early August at a 4+ average. I have an odd habit of holding a few tag shares of stocks as a watch list, which led to today's small addition of NVTL trading shares. I'm not convinced NVTL management can successfully guide the company longer term but I like the sector.
I agree with your comments regarding downward earnings revisions and political/macroeconomic risks. We've seen a few such revisions already and our political leadership is a mess. Holding some cash in the event of a 5-10% correction is a valid strategy. On the other hand, I'm not a very nimble trader. My predisposition toward a rising longer term market compels me to remain largely invested. This is where I've experienced my greatest success.
I've been nibbling on CYBE at these levels. Any thoughts? Best regards.
Transparency and inside information remains a concern in our markets. I learned today that WiLAN has terminated some worrisome litigation with SWIR, NVTL and several other tech companies after entering into licensing and settlement agreements. This news is noted no where on yahoo but is on Fidelity as of today. The news item mentions SWIR entered into the agreement "earlier this month" and likely explains the big jump in SWIR over the past few weeks. I'm guessing some well-placed souls have known of this for some time. In any event, I've taken a small trading position in NVTL in the event it replicates SWIR's performance. Besides, NVTL looks good technically with 200 DMA support and a recent bottoming of its RSI.
This explains the recent move in SWIR which has "inexplicably" risen to 19+ over the past few weeks. I see no news of this development on yahoo for either NVTL or SWIR but rather on the Fidelity website. It will be interesting to see if the NVTL PPS can benefit like SWIR has.
WiLAN has entered into a separate licensing and settlement agreement with NVTL much like it recently did with SWIR. Relevant litigation has been withdrawn with prejudice.
hopeful, you are being too kind addressing kevin. He is a liar. He lied about the PNC loan terms until fab called him on the specifics. kevin responded with a cheesy acknowledgement. Now he is lying about your comments. More cheese on the way?
It is spam, hopeful. I've seen posts today re: UA over at UPL, NVTL and PXLW. Creative spam though as each message has a different spin. For UPL, it's a "should I sell" message. Best regards.
Very plausible, captain, and I hope you are right. No one should believe that TA is precise enough to dictate investment decisions. It does, however, shade my thinking in the very short term. Long term, KTCC is a strong bet. Good luck!
IMO, KTCC is in a technical no man's land. It is facing a bearish cross of the 200 DMA unless it gets off its keister soon and has a middling 50 RSI. On the other hand, there is a gap to fill at 11 that may lend some support. Much likely depends on the overall market and the commandor has me worried about that. Fundamentally KTCC is strong as we know. Longer term I'm looking for 15-20 within the next 2 years as its business cycle runs its course. My guess: short term dead money, long term winner. Just can't time it.
Welcome aboard, BB. Nice to see your name associated with this motley crew. You have a sweet cost basis. I'm confident we will see .70 +/- with activation of the Baltimore cameras. The holdup is a sad commentary on our political leaders and print media.
No sweat, Captain. We are glad to see you back in circulation. The latest? Did very well with NVTL and am now holding too large a position in HIMX with good results. While I'm tempted to trade a portion, HIMX may be one of those game changers you want to hold long term (e.g. Amgen 1989). It only takes a few. What's more, I shot a lifetime best 80 on the links today! Life is good. Best regards.
"We are excited about the profitable long-term growth opportunities across our business in our #$%$ Sporting Goods stores, on-line and through our Field & Stream concept," said Edward W. Stack, Chairman and CEO.
Mr. Stack continued, "To support our long-term goals, we intend to make meaningful investments in our business in the near-term. We are timing these investments to stay ahead of our needs and to produce sustainable, long-term advantages. Even with approximately $1.8 billion of capital expenditures to support our $10 billion sales target, we expect to expand our operating margins."
Mr. Stack concluded, "In addition to focusing on our customers and our communities, we are laser focused on driving shareholder value over the next five years by investing in the long-term growth of the business, repurchasing shares and paying quarterly dividends."
Sounds great to me! See more under DKS news and the DKS website.