you are a brave man...but I remember you first calling for this price level based on the P&F chart when the shares broke down below $14.
it does seem to be establishing a base right around $8, so I guess this is as good a time as any to start nibbling if you're going to take a chance. will be interested if YOY earnings for Q4 advanced.
I was buying some of the banks on my radar today as a number of them were getting hit - but it fits in with the usual seasonality I see every year during February, so I began purchasing and adding to others I already have and looking to buy more over next few weeks. all the ones I'm buying have been turning in record results in Q4 - very happy with all of them and keeping risk down.
happens every year come February - buy over the next few weeks and be happy in a few months. then the other low happens in August/September.
play the ups and downs the stock gives you.
We'll see - I'm sure Wise and the board will see the light and do the right thing for all shareholders as has been repeatedly stated.
The stock has been a trading toy for the past year, never trading on fundamentals - so I don't really expect that to change in the near term until some solid news comes out.
Thanks for your views...at least they make for good discussion.
and chickepoo finally gets the dividend increase.
(in my book) valuation seems to be pushing the high end based on book value, tangible BV, and P/E.
YOY EPS is actually down from $1.23 to $1.22, and it appears that quarterly/yearly EPS estimates going forward are simply a 10% increase over 2014 actuals...I think those are a bit agressive and believe they will come down to probably something in the 7% to 8% range as things move forward.
also seems that without company share repurchases, the price might be testing the $16.50 level.
will wait to buy shares until/after they go ex-dividend in February.
my position is that Wise will be doing absolutely everything in his power to increase the share price - because that is how he is going to get the biggest bang for his buck - seeing the value of his shares increase significantly. I have been in a few of these situations in the past couple years where dissidents/activists won a proxy fight, terminated CEO, took over the board, and made changes that were successful - every one of them. I have no doubt that the same will occur here.
give Wise a quarter or two, let's see what happens, and if the reality does not live up to the expectation, then we can throw stones. in the mean time, give him a chance. if people want to sell the shares down, great - time to average down. we know it's a value play, the profits are there, and the path/plan is there to increase profits. it's all good by me...I'm in no big hurry.
you can't expect that only weeks after winning the vote everything will have been done.
I have to hand it to you chickepoo - one of these times you will be correct with the dividend increase...the probability increases each quarter that they don't!
I am looking to acquire shares under $17 this week...definitely some before earnings announcement and then maybe some more if the stock gets dumped after - market is reacting to continued falling rates...similar banking stocks also took hits today.
You now have your pullback if you want to buy. I haven't read all the details of the offering, but I believe that the shares/warrants are going directly to private investors - I'd guess Eberwein is taking some of them if not all.
Anyhow, just FYI.
If we get the same type of sell off as last quarter, I am taking advantage of it this time and picking up lots more.
On the other hand, Apple may push technology and everything else higher today, so who knows?
Not MD, but since we share similar bank interests, check out CSBB and their earnings announcement yesterday. Shares continue to be ignored while EPS pushes higher and management performs...very low floater but is an acquisition target at current price/earnings.
If you place your bid strategically and then just wait it may get there. Yesterday I got a partial fill at 0.3101 - not a lot, but at least some.
well, since they just cut the conference call and did not have Q&A, hopefully you'll hit everything with your questions tomorrow.
"We have completed the necessary forms and applications and we are continuing to navigate through the approval process, which has taken somewhat longer than we all expected. The reverse stock split was previously approved by our shareholders at the last annual meeting and we anticipate that the reverse split will become effective sometime later this month, after we -- have to complete a waiting period and notice to the regulatory authorities."
chip, yours was one of the only sane voices here - you need to be in the shares.
if I can make a suggestion...accumulate shares on weakness, buy a chunk every couple pennies it goes down. as the cap is later approached - sell up to half the shares and just keep the other half off on the side for the one time when the cap comes off and the shares move to higher ground. worst case, the shares come back down again, slowly buy back the other half again.
Chip - overhang or not, the company is operating from a position of strength now as we both agree. This is very important especially in this jittery market. There are real/clean earnings and a very low PE to go with it compared to the sector. The tax credit has also obviously helped and will put it on more radar screens. Many of those novices will simply say "oh wow, PE of 3" and not even look any further to see the true earnings/PE...but even the true PE is very low for the sector.
I look at the price Klein was buying his shares at last year and use that as my proxy. If I can buy in that area of lower, all the better.
Downside is limited. If there's a dump and shares taken down, that works for me. Quarterly results going forward will continue to be good, and with the low valuation the possibility/probability of a buyout rise.
I'm very happy to be able to accumulate more at the current price (and lower).
Thanks for your re-emergence...stick around a while.
most stocks will go higher after a reverse split for a number of reasons, mostly technical. in general, in my experience, after a reverse split (where I am involved) there is generally a 20% to 25% increase in the share price within the next 2 to 3 months.
games that people played when the shares were below $1.00 can no longer be played.
with NHLD, the reverse split is not taking place from a position of weakness to maintain their listing, it is being done from a position of strength, a major turnaround, great earnings, and looking to uplist the shares as a result of the successful turnaround in business.
so, to answer your question, the buying opportunity isn't after the reverse split, but in the days leading up to it as the last of the folks who have been taught that a reverse split is always bad, are unloading up to the very last moment.
Shares are ripe to head for $30 - way, way undervalued at/under $22.
Now, if the fool who's been sitting on the ask at $22 with 4000+ shares for the past month would get out of the way, shares could go higher.
The longer we stay at/under $22, the higher the probability of a buyout offer.
Management - it's time for a dividend increase - throw us a bone and at least go to 20 cents/share/quarter. Earnings can obviously support it.