after the runup of past few weeks, the banks have been trending lower past few days and with weak markets today are getting hit.
good time to begin repurchasing from now through year end as tax selling takes hold.
another dividend is just a few weeks away.
I am very familiar with it from the time of AMIE (now AMIEQ - bankrupt 3 years ago) spinoff and the Ueberroths running it into the ground. It (both EPAX and AMIE) is extremely poorly run and the business is deteriorating, they have already set expectations that 2015 will be bad.
Stay away from it if you can - having the cash is just a smoke screen - they will burn through it all. AMIE was similar with lots of cash, they were paying dividends, and then it all fell apart as the younger Ueberroths were cutting deals between the company and themselves. Luckily it saw it happening and ran before it imploded.
He's playing games folks - looking for people who are tired of seeing the shares gyrate between $1.20 and $1.28.
Once he has enough shares, one day it is going to bust out and keep going.
Patience - easy ride higher from here over the next few months.
The earnings announcement for Q3 was very good.
The company reduced costs, and is on the verge of securing more/higher revenues. Acquiring the Brevity technology is another good move.
Folks are obviously concerned about the company, finances, and survivability. Having read the filings and seeing how this management team operates, I think you can feel secure that the company will continue moving forward, grow, and have the necessary financing to get it done. Check the terms of the latest financing - insider putting up the money, conversion price for shares is 15 cents - as has been the case with all options and conversions - 15 cents. In my mind, they are effectively saying if the shares are below 15 cents, their options and conversion ability are worthless. This is very good by my reading. If they need to raise more cash, I think they will do similar to this latest placement - convertible note with conversion at 15 cents. We are all going to make money if the company does well. Acquiring shares below 15 cents, and below 10 cents is as safe a bet as you are going to get.
Now, as far as valuation - what the company has is worth more than $3 million and most larger players in this space could come along and sneeze enough money to buy the company today at 5 or 10 times the current share price. I believe this management team has higher aspirations and we should see things to take hold in 2015.
Read the press release of the earnings announcement, read the 10Q, read about the management team, read about the technology.
Have patience - these folks have a lot of time and money invested here, they are going to make it work and it's going to be big.
What price to repurchase shares at?
I've been lucky playing it all year long - been out of it for a few months now. My first buy this year was at .39 - wondering if I should start buying there, wait for it to fall a bit more first, or avoid entirely considering the current oil situation?
Going to scale in between now and year end.
1. Year end bouncer
2. Look at 10 year chart
- seems to be trading at/near historical base
- looks ready for a year or two of growth/uptrend.
Because of the low float and poor liquidity, the shares are being pushed lower on miniscule 100 share trades. It's a game being played by the market maker - been through it a couple times with shares I own in other similar companies with low trading volume.
The only benefit to this, at least for me, is that I'm going to be picking up (more) shares the further down it goes.
I've seen other activists like Wise lead proxy fights over the past two years, and they always win - shareholders are fed up with boards and officers who do nothing but line their own pockets at their expense.
Shares were a good value in the $1.20s, now they are a great value. My guess is that folks left over from the last pump in September are now looking to take their tax losses and move on. Fine by me - market can be irrational as long as it likes, I'll take the shares.
always hoping the best for you saketyme - longtimers deserve it. however, I just do not see anything positive that can happen. Coldeeze is going to have a very difficult season - for the past 9 months every store shelf I've seen was discounting where they were not doing the same for other brands. and it wasn't just one store/chain but everywhere.
what is more worrisome is the dramatic change in strategy. whenever I see this happen with any company, I run in the other direction because it is acknowledgement that the legacy product/approach is not working today. throwing R&D into a brand new nutritional product which is an area they have no experience whatsoever, and then pushing it from the ground up is going to require investment and will certainly lead to losses in the near-term. they are not going to put out a new product, immediately gain shelf space, put a marketing campaign behind it, have people buying, and have it selling and profitable...it simply won't happen.
anyhow, I think that this season, Coldeeze would have a difficult time regardless of what else is happening with the company. I think the yoy comps are not going to be good - everything Ted has been saying in these last two earnings announcements point to it.
again, best for you going forward with this.
that was Oct 15 - the day the entire market sold off and hit bottom of the correction. I'm guessing either some fund(s) were selling and/or HFTs were trading which spiked the volume.
I'm looking to buy an initial position today hoping for some weakness in the market, then pick up some more just after next dividend in a couple weeks hoping for a little sell off there.
Yes - I reviewed balance sheet previously on SEC site before posting as the Y! cash of $8+ seemed extraordinary. There are about 67 million shares so cap is closer to $175M. But cash+equivalents are $41M.
I generally don't like BDCs, however, shares appear to be undervalued, pretty hefty insider purchasing history at higher prices, hefty dividend, going to be doing some spinoffs shortly.