BWEN is a serious value play at this time. Issue with TX plant is a singular issue and will get resolved. Shares always overreact both to the upside as well as downside. Based on technicals, shares will likely have to trade in $4.50 to $5.00 range for a while. In a couple months, they'll announce customer acceptance of new towers, a couple of new contracts will be announced and then later in the year we'll see shares back in $7 to $10 range. Balance sheet is still rock solid. I'll acquire more shares on further weakness...waiting for earnings announcement assuming we're going to see more volatility in the shares before/after. Because of the low float and trading you shouldn't buy too much at one time or attempt to catch the bottom. Longer term company will be a winner.
If you were talking about my interest in BODY, I called for the bankruptcy a few months ago after last earnings announcement...even while the shares were pumped higher.
Karen Singer is an asset - a review of what she's invested in, how the companies perform, and the returns they provide to ALL shareholders says so. You did not point anything out - only what you personally did not know.
Look for the other majors to begin sniffing around SNTA.
ANN ARBOR, Mich., Jan. 12, 2015 /PRNewswire/ -- Picometrix®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has successfully completed its annual negotiations to supply high-speed optical receivers to a leading OEM telecom systems customer. The company estimates 2015 annual revenue from these negotiations will be between $3 and $4 million.
You stand by your first post on this thread? You checked into this company but are now walking away? Interesting how you left out "I invested in this company" but instead said "I checked into this company" - isn't it?
As I said - go check EVOL...two years ago you would have posted the same thing - Singer owns over 20% of the company and yet the shares have doubled and paid 8% annually on the original amount, increased the dividend along the way, and the shares have doubled.
You might want to re-evaluate what you consider important in your analysis. There are larger more prominent institutional shareholders than Singer here.
Now walk away.
Have you read any of the quarterly reports over the past year? Read any of the SEC filings? Listen to any of the conference calls? What I don't understand is how anyone can be surprised by a bankruptcy filing at this time. Management gave many, many clues of what was coming.
Seeing your posts, you are correct that you should stick to index funds because you aren't able to perform the proper analysis to understand what to invest in and what to stay away from.
you are proving that you have no concept of how to analyze a company or its finances.
by your logic, why is WTSL on the doorstep of bankruptcy as well? They still have sales of almost $500 million per year and once had a market cap much higher than that. They just defaulted on $27 million - pocket change according to you.
you deserve to have lost your money here.
Jan 7 (Reuters) - Mall-based apparel retailer Body Central Corp is preparing a bankruptcy filing that could come within the next week, Bloomberg reported, citing people familiar with the matter.
The Jacksonville, Florida-based company is working with the accounting and consulting firm Richter, Bloomberg said, quoting people familiar with the matter as saying.
Body Central, which said earlier on Wednesday that it was facing "significant liquidity challenges," received a notice of default on $18 million in debt and is assessing strategic alternatives.
of course you're missing something - you must be living in a cave or something not to have seen this coming. go look at my posts here.
some of you are unbelievable.
Oh tom - you aren't telling the whole story now, are you?
please explain your Aug 15 post on this board.
you checked into this company as it came up on a value screen but now walking away? how about you bought shares of the company, the shares went down, you sold at the low, and now have sour grapes so you post this BS?
tom.piper • Aug 15, 2014 12:27 PM
Hmm I'm in the same place. Started a position this week, not much. Price action seems odd but volume is so light I will chalk it up to low volume..
being a Karen Singer company is a good deal. typically the companies are tech, with clean/strong balance sheets, they are profitable, and they create shareholder value AND return it to them in the form of high dividends. same goes for EVOL where she/they own over 20% of the company. I bought EVOL two years ago at $5, collected over 8% dividend annually and shares have doubled in price - ask me if I care about her husband's past?
history of her husband is well-known and history. big deal. Joe Biden is an admitted plagiarist. does anyone really care?
tell me - what other tech companies did your screening turn up that are profitable, paying 7% dividend with no debt,?
negligible savings - about $100,000/year.
the only thing that is going to save the company is sales growth - you can cut and cut expense until there's nothing else to cut, but as it is the company is barely cracking $10 million/year in sales. if they do not show increased sales, everything else is irrelevant.
yes, I am holding tight...definitely will pick up more if we get a knee-jerk selloff like a few weeks ago. glad I was lucky to get some more that day.
I really like this management team. shares should go much higher this year as integration of the acquisition takes hold and we hopefully begin to see the beginning of interest rate increases.