I think you may be going overboard with your assessment of the situation. But, it is true, we need to wait for more information.
From the wording, I'm just guessing that it may be a revenue recognition issue...the sales are all there, just a matter of when they recognize the revenue for accounting purposes. If this is the case, then some sales may be moved between quarters.
Most folks who lack investment skills have not faced the fact that interest rates will be trending higher going forward. They don't understand that in general it's going to put pressure on the stock market and their dividend paying stocks. What they also lack a total understanding of is that banks and financials are going to be the beneficiaries of higher interest rates as the spreads between their borrowing and lending rates widen and translate into higher profitability. For the past few years banks have been squeezed and every CEO discusses the challenges of the low interest rate environment. Now, the reigns are going to be loosened and with higher interest rates will come higher profitability.
PFS is going to do extremely well having just completed another merger, and will be ready for taking advantage of the higher interest rates.
Pick up or add to your PFS holdings while you still have the opportunity to do so at the current bargain price. Also, diversify across other banks and financials as well - there are many good ones paying solid/secure/growing dividends with strong balance sheets and asset quality.
When the banks and financials move up over the next couple years, they are not going to be coming back to these levels unless we have another financial crisis/meltdown and I don't think that's going to happen.
Now is the time to be buying these small banks during the summer doldrums (for banking stocks). This happens most every year. However, this year it is even more a time to be buying them in a big way. Interest rates will trend higher next year, and when that (finally) happens bank earnings increase! Most people are looking the other way and do not understand these basic concepts.
In the mean time, slowly acquire shares if the trend lower. Diversify across multiple names. Look more towars book value and those trading near or below compared to those wildly above book value. Make exceptions for those carrying low debt loads, growing top/bottom line, and paying good/stable/increasing dividends. Lastly, those that are potential acquisition targets (like AROW) should be on the top of the list for accumulation.
Chicken littles exiting with market sells for 800 and 1000 shares will get you 80 to 85 cents.
Q4 and full year results are only 6 weeks away and they will show great progress. Shares are likely to push through $1.00 for good as forward outlook will be extremely good now that things are coming together.
The time to be buying is when there is little action and nobody is paying attention - like now.
witness what is taking place with FHCO today upon announcement of suspension of their dividend to focus on growth...and they are a profitable company simply going through a patch of weakness yet still profitable during the weakness.
tell me more about market perception when a dividend gets canceled.
you're just wrong.
I'm well aware of perception and the market would not see it as a positive if the dividend was canceled at all. It would be perceived as a (further) sign of weakness.
So long as that dividend is being paid, you'll have certain mutual funds that will be shareholders, you also have people on fixed incomes who will be shareholders. You eliminate the dividend and immediately those long-term shareholders exit. That's not about perception, it is reality.
In the mean time, while the dividend is in place, it provides a floor under the shares. You have people here pulling ridiculous numbers out of their butts (as expected from bot_feeder - I've also seen ridiculous visions from him on other stocks/companies) saying they'll buy at $4 or $5 a share. If you have a 32 cent dividend out there, in a zero/low interest rate environment, do you seriously think a tech company carrying no debt, BV of over $7.25/share and over $3.25/share cash is going to trade with a 6.5% to 8% dividend? Hey, anything is possible, but it's not highly likely. That's reality.
For me, I'll take the dividend, along with the fortress balance sheet, a CEO who is clearly stirring things up, and slowly acquire (more) shares. The dividend will keep me (and others like me) happy.
So, for you, bot_feeder, and others like you, you can wait for the dividend to be canceled or $4-$5/share, but in all likelihood, as a result, you'll never own shares. Again, that's reality.
Good luck to you.
disagree - eliminating the dividend would absolutely not help the share price. what in the world makes you think that? if anything, the dividend is providing a floor.
the company is sitting on well over $3/share in cash, the dividend is a small fraction.
You'll be paid to wait and be patient.
Take it while it's being offered to you. If the shares go lower, then buy more.
Share weakness is because of the talking heads scaring the sheep that the crash of the century is coming and they have Average Joe afraid of his own shadow.
"At least Abbas bought some shares (but not many) earlier this year, so he's got a little skin in the game here as well"
Abbas currently owns almost 900,000 shares - I'd say that's having a bit of skin in the game.
They won't give a new release date until the audit is completed.
As much as the delay is disturbing, I have complete trust in Abbas and company.
"The company is working diligently to complete the audit, and once the audit is completed, Iteris will announce a new scheduled date for its conference call to discuss its fourth quarter and full year 2014 results."
as we see, the market can become extremely irrational. I'm continuing to buy more shares slowly.
company cannot buy back shares at this time because it is after end of quarter and earnings have (still) not been released.
at this rate, they may as well release the year end results along with Q1 together.
Patient long time ULBI investors know how to play this.
Earnings coming in 4 weeks (wink, wink)
Company buyback is out there, however, since we are in the period between end of quarter and the earnings announcement, they won't be buying shares at this time. So, if there's rampant irrationality, the shares could fall a bit from here.
could it be more obvious? look at the trades at $5.10 - timestamps exactly 5 minutes apart? could someone even do that manually - exactly at 5 minute intervals?
fine by me - I'll take more shares below $5.00 - I have time.
$4.83 ... 200 ... EDGX ... 13:49:50
$4.90 ... 200 ... NSD ... 13:45:03
$5.10 ... 151 ... ARCA ... 13:40:14
$5.10 ... 200 ... ARCA ... 13:35:26
$5.10 ... 200 ... ARCA ... 13:30:37
$5.10 ... 200 ... ARCA ... 13:25:46
$5.10 ... 100 ... ARCA ... 13:20:54
$5.10 ... 100 ... ARCA ... 13:20:54
$5.10 ... 200 ... ARCA ... 13:16:01
$5.10 ... 100 ... ARCA ... 13:11:06
$5.10 ... 100 ... NSD ... 13:11:06
$5.10 ... 100 ... ARCA ... 13:06:09
$5.10 ... 100 ... NSD ... 13:06:09
$5.10 ... 100 ... ARCA ... 13:01:09
$5.10 ... 100 ... NSD ... 13:01:09
$5.10 ... 100 ... ARCA ... 12:56:09
$5.10 ... 100 ... NSD ... 12:56:09
$5.10 ... 100 ... ARCA ... 12:51:09
$5.10 ... 100 ... NSD ... 12:51:09
$5.10 ... 100 ... NDD ... 12:46:09
$5.10 ... 49 ... NSD ... 12:46:09
$5.10 ... 51 ... NSD ... 12:46:09
You are being given a rare opportunity to acquire shares of RIVR that will pay you 4.25% on your purchase today, and additionally see an appreciation of 20% to 40% in the next 6 to 12 months.
I've seen similar happen with a below market priced share offering like this. It really stinks if you were holding prior to it, but BDGE did the same thing a short while ago. Insiders took the shares, and they quickly rebounded afterwards. You can see the Form 4 filings by insiders this afternoon taking shares.
The dividend is very secure - it was just raised.
Buy some shares now, if they happen to go lower then buy more. Again - it is a rare opportunity and the shares will likely rebound back to 52-week highs by year end.
however, then I hope you sold your ISNS and will not look back...too many problems, non-existent profit, will need new financing soon.