View it however you like and we can see who comes closer to how this plays out.
There have been a dozen or so people here who pointed at cash, no debt, and book value for the past three months, but similar to you are ignorant when it comes to the business. You are just part of the next batch. Welcome aboard.
$2.37 cash? Not any more...only $1.22 now.
Book value of $5.60? Not any more...only $5.11. If we throw out goodwill and intangibles, then we have tangible book value of only $3.42. That is a more appropriate price to be looking at right now if you want to use your line of reasoning.
Of that $3.42 tangible book value, about 45% of it is inventory - I would say to throw that out because in this business, that inventory is worth pennies on the dollar if you can't sell it. So, taking out the inventory, tangible book value is around $1.90.
This will not be bought out because it is a regional garbage company peddling rags. No private equity firm is going to step up to the plate and offer $$$ for this one. I told you Jefferies was talking BS previously and it was just proven.
Strong buy at these levels? That level was $5.37 - forget it, it's history - you're not going to see that price again for years, if ever.
Nice - I saw the 4000+ shares sitting on the ask at $2.20 and was thinking about it myself.
I added to my LTRX in the last few minutes of the day. I was happy with the earnings yesterday, the conference call, and my charts show that the next few months historically is when LTRX shares rise.
I've been watching/waiting.
I think I can get them still cheaper after earnings are announced...these neophytes sucked in by the SA article don't know the company and are going to be disappointed when they report earnings - no matter what is reported.
I took an initial position today in Swenson's other play toy ELSE - it's dipped below $4 which is usually an indicator to buy. They're going to announce earnings next week as well. If it goes lower afterwards then I'll buy more.
Nobody will touch this. Seems the talk of the day is that a private equity firm will come in and buy you out. That's nothing more than a hope and prayer - BODY is not a name brand - ARO, ANF, AEO - those are name brands and what a private equity firm would go after, not this regional rag shop.
Review past 5 years for PSUN and you'll see what BODY has to look forward to.
I've said it many times and nobody wanted to listen. These things are not single quarter issues - it will take years to work out. Look for the shares to go sub-$2 before they turn around - if they turn around.
The company has/does nothing unique - just another rag store with limited regional footprint.
I've also warned of the obvious that the sector continues to be weak. There's nothing here for the next 6 to 9 months, and then it's just going to be a spring/summer bounce while they continue posting losses.
Surely you can find better things in this market to throw your money at.
Considering how much value you put into what Mr. Jim Cramer says, clearly you really are an idiot.
Let's see - he was wrong touting it when he did, so he's right expressing his sorrow now that the stock has fallen back and they had a disappointing quarter?
For years Cramer was negative on Pfizer - said he would never recommend or own the stock. He said it all the way to the bottom and more than 50% on the way back up. Every time someone would call in and ask about it his blood would boil and he would yell and scream at the caller and tell them to buy Merck ("Bank of Merck"). Eventually he gave in and did a 180 - missing well over 50% of the 100%+ move back up.
You listen to or believe what Cramer says, then you're a real idiot.
But, if you weren't the idiot that you readily admit you are, and you listened to the conference call or read the transcript you'd understand why the dividend will not be cut.
You keep saying the same thing over and over, yet the fact of the matter is that you're wrong.
The CEO can do many things at any time he so wishes - he can INCREASE the dividend too.
I had to do a double-take when I saw the price jump this afternoon...looks like someone placed a small market order and it just took out a bunch of 100 and 200 share folks who had limit orders all the way up to $2.62.
I'll have to think about what to do...may just wait until the earnings report and then see what the shares do afterwards - I don't think there's going to be anything announced different from the year end report/call last month.
Well, as you can see by his Form 4 filing yesterday, he is into his routine of buying 10,000 shares a day...and I am kicking myself once again as I should have just bought 10,000 shares under $1 when I first noticed it. Oh well - next time.
Agreed - though it may go back to $1.50 by end of year. If it pulls back, I'll buy at/under $1.
Different security - check out CCEL - I mentioned before. I was/am buying under $2, you should think about it too. Check insider purchasing - I was buying at under $2 over past couple months as director was buying. He bought lots all the way up to $2.25 during August and September. The company then turned in excellent earnings - going to profitability, reduced costs, etc. It is thinly traded and shares have pulled back to $2 again. Now CEO just began purchasing over past couple days another 5,000 shares. Anyhow, have a look...under $2 is safe and the shares should go to $2.50 minimum. Even though I'm moving to cash in general, I'm still buying more under $2 as long as I can get it.
Also, ITI just turned in great results and very strong outlook yesterday after close - not sure how the shares will move, but if there is a pullback, it might be an opportunity to get some cheap shares. It has a history of a small pullback after announcing earnings, but then heading higher.
I'm at about 55% cash right now - looking to go to 60% to 70% and hold there until bargains emerge with year end tax selling. Some of the things I've had are being visited by pump/dump folks and I've been taking advantage to lock in profits. Similar to PDEX where they are bringing the type of volume never seen and allowing me to unload tens of thousands of shares in one block where normal daily volume is around 5,000.
Well, just be careful with it - management is not shareholder friendly at all...their objective is to line their own pockets and enrich themselves and that's how they've operated forever. They had a $18 or $20 buyout offer on the table a couple years ago, and in Yahoo style when Yang refused the Microsoft buyout, Berman refused - because obviously he'd lose his multi-million dollar annual compensation package. In the mean time, we see what's happened to the business since and any shareholders who stuck with their $20 shares.
As far as Patrick, don't but tons of faith in his purchases - from an article I read when he bought his first shares, my understanding is that he might have other motives.
You're playing with fire on JAKK - be very careful. I have long/deep knowledge of it including recently. Played it in the past (years ago) profitably - would not touch it from a mile away today.
Maybe you can make a quick profit in the next 6 weeks if they see a bump as the holiday sales story comes over it, but again, very dangerous at this juncture. I think that if you're looking for a holiday sales story in this segment, LF is a better way to go. Anyhow, just my thoughts.