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Pizza Inn Holdings, Inc. Message Board

noahtheboatbuilder 59 posts  |  Last Activity: May 22, 2015 10:49 AM Member since: Aug 30, 2005
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  • Reply to

    Short lived..... TRAP!

    by teach_162 May 22, 2015 9:34 AM
    noahtheboatbuilder noahtheboatbuilder May 22, 2015 10:49 AM Flag

    so why worry about the day to day volatility? Its Memorial Day Weekend. Round up the family, and enjoy the weather. The stock will still be here on Monday, probably trading between $7.50 and $8.00

  • Reply to

    Wheres the spike?

    by t_mann09 May 16, 2015 12:26 PM
    noahtheboatbuilder noahtheboatbuilder May 17, 2015 1:59 AM Flag

    The quarter was ok, but not solid. With the corporate owned locations opening rapid fire, we are going to see an increase in revenues, but expanding losses, as opening expenses zap any increases in profitability. I would look for another 2 or 3 quarters of breakeven results. No need to rush to buy. I will buy selectively from $13.40 down to around $10/share then buy everything I can get. The stock may not get that low, but I feel I have time to wait. No rapid increase in price, unless a buyout occurs. But I don't invest in hopes of buyouts.

  • Reply to

    Late Day Action?

    by joe82man May 13, 2015 3:47 PM
    noahtheboatbuilder noahtheboatbuilder May 13, 2015 4:14 PM Flag

    why is it that anytime a stock falls its attributed to a short. It could just be a trader. I bought on the down draft. My order was for 1000 shares, but I only got 400 shares at $13.48, and I sold it 11 minutes later at $13.96. Not a big profit, but I made $172 for 11 minutes. Not too bad. I am still looking for the stock to drop in the coming days.

  • Reply to

    Are earnings tomorrow?????

    by noahtheboatbuilder May 12, 2015 5:48 PM
    noahtheboatbuilder noahtheboatbuilder May 13, 2015 2:33 PM Flag

    I did sell at ranges from $.10 to $2 lower, and yes I would like to buy back in around $12.50. I dollar cost when I buy and when I sell. My whole critique of earnings is that Revenues did not increase as fast as one would expect considering how the stock price has run. Revenues for 2015 will be around $50-52 million for a stock with a market cap of $150 million and no earnings. I believe in the stock long-term, but feel its way overvauled at the $14.60 it was trading at when I posted the above message. Now at $13.90, its at least responding like a company that posted "lackluster" results. I will be buying back in 1000 share blocks starting around $13.40 and increasing my holdings each time it goes lower. For the quarter that we are now in, losses will probably increase as corporate owned stores open. Start up expenses can zap $50-60k per store, and you add that to existing losses, and I don't see how the loss doesn't expand in the current quarter.

  • Reply to

    Are earnings tomorrow?????

    by noahtheboatbuilder May 12, 2015 5:48 PM
    noahtheboatbuilder noahtheboatbuilder May 13, 2015 8:25 AM Flag

    Earnings are out, and look lackluster. I am disappointed in revenues and in a loss of $300,000 from operations, and another $300,000 from asset impairment (closed location for Pizza Inn). New openings, same store sales, and comps all look good, but it doesn't translate into higher revenues or profitability.

    I am also concerned with the costs to open a new location. THh franchisee for the VCU location recently said it will cost $450k to $600k to open the new location. That seems really high, and I'm beginning to think that the company will see additonal asset impairment charges in the future when a new corporate location fails. It will happen. No company is 100% in site selection. I can't understand how management cannot design a concept that ca't be built and equipped for under $300,000.

    And with share count increasing, the company now has a market cap of $150+ million, and only $48 million/yr in revenues and losing money. I currently don't own any shares, but I've been looking for the opportunity to re-enter a position. I may want to reconsider whether or not this company is worth the risk at this time.

    Sentiment: Hold

  • noahtheboatbuilder by noahtheboatbuilder May 12, 2015 5:48 PM Flag

    anyone know?

  • Reply to

    Quick Revenue Question

    by wonwood May 12, 2015 7:35 AM
    noahtheboatbuilder noahtheboatbuilder May 12, 2015 2:59 PM Flag

    I like building boats, and I like animals.

  • Reply to

    Quick Revenue Question

    by wonwood May 12, 2015 7:35 AM
    noahtheboatbuilder noahtheboatbuilder May 12, 2015 2:58 PM Flag

    Std Op Procedures ........ most construction projects allow a builder to collect draws as each stage of the project is completed. CLNE has always reported total revenues when the project is completed and delivered to the end user. That is what happened here. The draws were in the bank of CLNE but revenues were not recognized because the prospect had not yet taken delivery of the completed stations. I think you are far too tied up in the revenue miss. With 500+ stations, and 16 new stations completed in Q1, there are a lot of moving parts. Volume, margin, and cash position gives a good picture of how the company is doing. And all three of these figures were positive.

  • Reply to

    Quick Revenue Question

    by wonwood May 12, 2015 7:35 AM
    noahtheboatbuilder noahtheboatbuilder May 12, 2015 12:23 PM Flag

    Call it what you like. You asked why revenue missed, and the reasons were explained. If you're unhappy, sell and go away. It does appear that the majority of the market accepts the results, and have elected to hold their positions. I am happy with the margin expansion, and the increase in volumes. Overall, I see a slightly better than expected result.

  • Reply to

    Conference Call

    by playhardgamecock May 12, 2015 8:06 AM
    noahtheboatbuilder noahtheboatbuilder May 12, 2015 11:52 AM Flag

    I would not worry about the convertible, and I feel management did answer the question. Company has until August 2016 to decide how to handle the convertible. It can either be paid off or converted, at the discrection of the company. It totals $165 million, and Littlefair made two comments. They have over $200 million in cash and cash equivalents. He also said the company has over $500 in non-pledged assets, so they could elect to refinance and eliminate the debt. They expect to be EBITDA positive for all of 2015, so cash-flow will generate funds as well.

  • Reply to

    Quick Revenue Question

    by wonwood May 12, 2015 7:35 AM
    noahtheboatbuilder noahtheboatbuilder May 12, 2015 11:44 AM Flag

    the stations were built for others, and the sale of the completed stations did not close in Q1. There were 3 stations, and they closed in April (start of Q2), Its just a matter of timing, and recognition of cash flow.

  • noahtheboatbuilder noahtheboatbuilder May 12, 2015 12:45 AM Flag

    revenues for a fuel company is meaningless. Think about your local gas station. If the retail price moves from $2 to $4 a gallon, is the station better off? If you said yes, think about this. At $2 a gallon, the station pays $1.80 for the wholesale gas and makes $.20/gallon. At $4 a gallon, the station pays $3.85 and makes $.15/gallon. Is revenue important, or net profit per gallon? CLNE said today that they margin per gallon increased $.02 a gallon to $.28. Yes, revenues are down, but they make more on each gallon. Take out one time charges, and decreases in construction revenues due to timing of finished projects, and the company is fine. This is your accounting 101 class for the day.

  • Reply to

    stock price

    by jgs3rd Apr 29, 2015 6:37 PM
    noahtheboatbuilder noahtheboatbuilder Apr 30, 2015 12:36 PM Flag

    this is a high beta stock, with a small market cap. It is easy to manipulate in the short term. Long term, fundamentals will prevail. The company needs to execute, and when it does, it will get to $15-20 by the end of the year.

  • Reply to

    Boone interview

    by nocashleft47 Apr 29, 2015 12:41 PM
    noahtheboatbuilder noahtheboatbuilder Apr 29, 2015 1:46 PM Flag

    How many 87 year olds are still working and doing live interviews? He is fine, and the company has a management team in place. I only hope he lives long enough to see his idea materialize into the potential he envisions.

  • noahtheboatbuilder by noahtheboatbuilder Apr 28, 2015 1:41 PM Flag

    Over the past few days, I have read multiple articles on how NG Advantage has expanded with a new contract with International Paper. A common sentence is all the articles talks about how NG Advantage is able to supply the plant from multiple compression sites, and how NG Advantage is expanding nationwide in 2015. I feel NG Advantage has some additional contracts outside the NY/NH/ME area, and volume is increasing at a rapid rate. The compression sites (i.e. CNG stations) are located nationwide. Imagine adding volume to a dozen existing stations, with minimum expense. If true, it just got REAL.....................

  • Reply to

    Rumor of buyout?

    by chrisceeaustin Apr 24, 2015 3:45 PM
    noahtheboatbuilder noahtheboatbuilder Apr 27, 2015 11:59 AM Flag

    A larger transit system is Dallas (DART), which Clean Energy Fuels won a few years ago.

  • Reply to

    locations, locations, locations

    by justme0501 Apr 24, 2015 3:24 PM
    noahtheboatbuilder noahtheboatbuilder Apr 24, 2015 4:17 PM Flag

    there is also one being built in Newnan, GA

  • Reply to

    NG Advantage to International Paper

    by pressctrl_alt_del Apr 22, 2015 2:22 PM
    noahtheboatbuilder noahtheboatbuilder Apr 23, 2015 8:15 AM Flag

    I'm curious as to where else this is happening, and how many CNG compressor sites have been adapted to fill the carbon fiber tankers. This has potential to be huge.

  • noahtheboatbuilder by noahtheboatbuilder Apr 17, 2015 11:51 AM Flag

    Pie Five had another location open today (#44 - Corporate Owned). P5 website also has dates for the next two openings on May 1st (one corporate and one franchised). And three additional opens listed for May. If all open as scheduled, that is at least 49 by the end of May.

  • Reply to

    new locations listed

    by justme0501 Apr 15, 2015 9:06 PM
    noahtheboatbuilder noahtheboatbuilder Apr 16, 2015 2:21 PM Flag

    Should have mentioned that Newnan is the county seat for Coweta County, which has a population of $130,000. I think the location is perfect for a growing chain. And it offers P5 the opportunity to be the only fast casual pizza location in the area. Atlanta is going to be like a magnet for all the chains over time.

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