BS. The spinoff was one of the most complicated, goofiest, worthless, activist investor initiatives I´ve ever witnessed. It has LOST MONEY for anyone who held BEAV shares in May of last year. You see #$%$ and call it steak. Bon appetit.
The new CEO put a lot of one-time junk into last Q and wants to start the new year with a relatively clean slate. They are already planning to de-leverage, boost the divvy and buy-back shares. The business can grow per share earnings at 20% for the next few years. With a PE of 14, the stock looks good. Barring a maket melt-down, I think it´s up from here - especially in the second half as the new CEO proves he can make forecast, R & D declines, and new business starts to roll in from airlines flush with cash due to lower fuel costs.
From today´s press release: "2015 earnings per share are expected to be approximately $3.00 per diluted share or approximately 20 percent higher than 2014 adjusted earnings per share."
BS. The stock is about where it was before the spin-off was announced and has spent 9 months recovering from the related uncertainty and expense. Time is money... the spin-off was pretty much a waste of time and money. The one really significant long-term benefit was unforseen and not part of the spin-off rationale: Oil prices are down as are valuations for oil services businesses. The new BEAV is not hampered by this problem. KLXI, of course, is. So, to that extant, thank you, Relational... lucky call.
You must be drunk on Kool Aid. Crashing oil prices were never a justification for the spin-off. FACT: The market hit record after record while BEAV languished.
P.S. I´m not mad at you -- who, reportedly, has no skin in this game -- I have been making money in BEAV (again, finally) for the last 2 months -- since around $55.
"I tell all BEAV shareholders, past & present, "stop looking at the 2014 stock price
and start planning for the 2015 - 2017 returns" So, you tell people to ignore the excellent returns the stock had prior to the appearance of the hedgies, ignore the real wealth that the reorganization destroyed, and focus instead on the phantom of future profits in an uncertain market? Seriously, Jack, if you are investor (and not just an hedge-fund hack apologist with no skin in the game), how do you stay in business?
Gosh, you know nothing about me, my trades, my gains or losses. Your assumptions about these things are pretty much wrong across the board. I´m not mad at you for MY wrong decisions, I´m annoyed by your indefensible belief A) in a past that never happened (hedge funds saved BEAV and it´s stakeholders from debt, re-investment in a new business, greed, whatever), B) a present analysis that is just plain wrong (the break-up has created value), and C) a future which has not happened yet. FYI: Future profits are ALWAYS phantom profits for the simple reason that they don´t exist. And I´m not a loser in BEAV, not by a long-shot. I sold a long term position after the split was announced and well before it occurred. I am Long and Green BEAV since the spin-off.
In May 2014 I was thrilled with one of my best investments ever. In June I was thrilled by the pop created by hedge-fund interest. By September, I wasn´t so thrilled because the stock wasn´t reacting well to the expense and lack of clarity that came with the spin-off. I sold my entire position. In the Fall, I nibbled and then took a real position in BEAV after the split. I have been a BEAV shareholder for a bit over 10 years. This chart is all you need to know about my results. https://finance.yahoo.com/echarts?s=BEAV+Interactive#%7B%22range%22%3A%2210y%22%2C%22scale%22%3A%22linear%22%7D
You funny. Provable? I have no reason to lie and I care not a whit if you believe me or not. I have posted previously as to where I think the stock is going. More importantly - and unlike you - I put my money where my mouth is. I´m up just over 10% on shares bought at the end of last year. I think the stock goes higher from here just from the strength of the order book, plus continued airline growth assisted by windfall profits from the crash in the cost of fuel. It´s a good story and a good stock... I don´t know what you waiting for, Mr. Experienced Investor.