Nawar was an incredible advocate for the shareholder base. So much so that company sued him with our money. His tireless work benefited all, including EQU management.
As to the sales. Sales aren't easily understandable on the outside. Maybe he needed the money, maybe he found another opportunity, or maybe he just got sick of EQU and decided to take his profit and move on. The fact is that EQU is now closer to fair value than it was at 3 and Nawar had a roll in this.
I see a stock deal at 6 max 7. You know EQU management is not going to give thing away.
Actually given the sale price of the option your large player is expecting the the stock to move higher given the low amount of time premium in the trade. Looks to me that a short just grabbed another 10 cents. If he gets put the stock so be it. They got cover at sometime right?
LPR just sold some assets for 82 million. You folks understand this space better than I do. The stock looks cheap on a balance sheet basis. Does this change things for them. Any thoughts.
These RSUs don't vest unless the stock trades over $5.00. With management ownership so low they have no incentive to find a strategic alternative for this company.
Maybe this will help.
You are correct and that this exactly what they should do.
There are buyers for this company under the circumstances you outline, however, no well capitalized player will get involved if the management and board are hostile.
Even at 700 million the IRR would be tremendous given the expense reductions you outlined.
I think you are on to something.
Robert's analysis is very informing. This is a pure balance sheet play. Although sales would be very helpful, the DAC is not the major issue. At 9/08 DAC was 2.460b and equity was 1.527b. At 9/10 DAC was at 1.471b and equity was at 1.360b. Over the period DAC dropped by .989b but equity only declined .167b. The story here is what is persistancy, what is mortality and what are the investment returns. The current interest rate environment is helpful for persistancy but can be harmful to investment returns. I'm not sure what the right number on this one is, but it's clearly not $2.50. The number without a complete revitalization of the company is most likely somewhere between 4 and 7.
Hope that helps calm the animal spirits on this board.
It is quite obvious you don't understand the dynamics of convertible arbitrage.
In addition, the intellect you display while posting your mentally challenged inspirations only confirms your lack of education and or birth right.
Get some schooling son!
The technicals do not support a short position. My suggestion to you would be to cover and go long to the 33-35 area.
Funny thing these web sites....When I looked at the charts last night...I saw an oversold condition...When the stock gapped down on the open and stablized at 27.50 I saw a strong buy and acted on it. Just happy I don't use some chezzzy web site. Should have a good up move tomarrow.
After reading the last few posts, I believe their is some value in Fairmarket as a acquisiton target. Here's why.
1. about 2.5 market cap in cash
2. Significant net operating loss carryforward
3. A business model that is slowly moving to professional services. This service could offer a line extension to an E-bay. This could give E-bay a FreeMarkets line in their portfolio.
Just some thoughts....I don't own any FAIM. Maybe I should....I don't see to much down side from here.
Why would you use historical cost on
the Debt if you could purchase the debt on the open
market at say 25% of historical cost.
you provide no valuation for the value of the
operation loss carryforwards embedded in the company. These
could be worth as much as 80 million. IMHO, if the
products have any value the company has to be worth
atleast $2 a share.
Your thoughts are appreciated
The reason this occurs is because the market
makers on the ask don't have to post the total volume
they have to sell. The reason you see 2,000 is because
that is typically a retail order to sell.
STEI....Catalyst for an upward move will be the slowing of global
growth. When growth slows PE multiples contract....That
is why the bellweathers of tech are coming down. The
selling in high PE stock then creates liquidity in lower
PE stocks. STEI will begin moving up on Nov 1. $5.00
is not out of the question within the next 6
It's O.K. to buy here.....this one has bottomed.
I sure hope Rudden is better at sales and
management than she is at conference calls.
wasn't very impressive.
At any rate....you can
buy all you want here...The cash burn is low and FAIM
has plenty of cash. In fact, the company is worth
more dead than alive.
heads out of your ass and grow this business.....100%
revenue growth in your market given your revenue base is
PHR...This is the STEI board....Yes SRV and STEI
will go up because they a very defense value
The over all markets are dead for atleast 6 months
are you aware that global growth is slowing and oil
is dis-jointed. Have you ever heard of the term
What is your motives? Are you suggesting we short
a $2 stock trading at roughly 60% of cash
value.....why are you wasting your time?
Why didn't you
inform the masses six months ago. You are a true
visionary. My hat is off to to you.