on the call tomorrow, we need Abbas to give us some estimates on how much this will bring to us. that should be possible based on estimates of how much BASF sells, and what our royalty/licensing fee schedule is.
it is good news, however, we all know that the money is most important.
already have a nice wad of shares. if it goes below $6.00 then I will buy more as well.
the shares are thinly traded with a relatively low float. that means that they will be volatile both up and down. on top of that, you will have crazy folks shorting at all these prices, no matter how low it goes.
Record earnings were just turned in
Dividend is at 4.5%
Things are good - use the opportunity to pick up cheap shares.
These great results are being turned in with interest rates still at extraordinarily low levels. When rates head up, earnings will be even stronger.
In the mean time, it's not very difficult to sit with these shares.
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.
"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.
Yes, I agree - some of the new board members should be buying at some point.
I'm not sure if Wise could buy more as I believe there may be a 20% restriction.
I'm willing to give them some time - I'm sure they have many business/organizational things to be attending to at this time. Certainly Wise is actioning what he outlined in his 90 day plan.
That is incorrect, as of Sept. 23 Riley still owned 1.854 million shares down from 2.145 million in June.
Please show/prove otherwise.
December quarter lowered to 2 cents
March quarter lowered to 4 cents
Full year 2014 at 12 cents, however quarterlies only add to 10 cents.
Full year 2015 lowered from 25 cents to 19 cents - which I'm guessing will be too high and likely to be reduced over time.
the point regarding tax loss selling is simply that during December when the tax selling was taking place, it was putting additional downward pressure on the shares. whether the shares are repurchased is of no importance.
there will be some churn in the shares for a few weeks - some people who were buying at the December lows will take quick profits, other longer term holders will sell as they see they've recouped a bit. after the churn is over, then shares will be able to more easily move higher.
"however, cue bought in below market. kind of a scam on shareholders if you ask me"
how is exercising your stock options anything like a scam? if anything, she wasted much of the benefit of the options since at the time she exercised, the share price in the market was only slightly above the exercise price. additionally, when she exercised the options at 29 cents, she also had to pay taxes on the difference between the market price at the time and the 29 cents - so more money out of her pocket. she chose to exercise instead of doing a market purchase for a couple reasons:
1. she would not be able to buy 2 million shares in the open market without significantly moving the price
2. exercising the options provided the means to give the company a cash injection - likely sufficient enough to get it back to the point of breakeven/profitability.
think about it you fool - if instead of exercising the 2 million shares at 29 cents, couldn't she have gotten the same publicity and being all in buying 1 million shares in the open market at 31 cents, or whatever the price was at the time and spending less money? she did shareholders a favor by exercising the options - you are just too focused on trying to put a negative spin on absolutely everything, and you are very wrong in this case.
she could have just as easily exercised the options previously at 29 cents and turned around and sold into the market at 60 to 90 cents when the shares were trading there, but she didn't. why don't you open your eyes and understand what she did was for the ultimate benefit of the company and all shareholders?