I've averaged down on NHLD and have been trading it with another account. Been averaging down and snagged some shares as low as $3.05. Seems like they are holding it in the $3.40 to $3.60 range for now. There are big bids sitting at $3.25, so I have a GTC sitting at $3.35 and $3.26 for a bit more. Anything below $4 is a good price - insiders were buying above $4 (and .40 RS) for the past 18 months. As far as the company, they had a slow January, but business picked up since. Outlook on the call was decent - they will be going to some investment conferences to get the word out and have a new IR firm. The balance sheet is strong and shares could easily trade at $6 today - a quarter or two of good earnings and it's at $10.
Also check CTIB. I had been watching it for months but I wanted to buy below $4 and the spread was always wide so bid would be below $4 and ask above $4. I was about ready to buy on Tuesday morning and then all of sudden it looks like a pump starts and I backed off. Volume went to 160,000 shares which is higher than any day in years. Normal is maybe 10,000 or 15,000. So I waited and began to nibble on Thursday below $3.70 as the pumpers are all leaving and because volume is normally thin, there was nobody to buy. Will be buying more if it goes below $3.50 - it is all just technical at this point. Company earnings are on the rebound already.
Selloff on earnings announcement yesterday was overdone. Management have been buyers of the stock in the past, took shares in offering at $3.50 in Feb. I nibbled at end of day yesterday and will buy more if the shares continue lower. It is a turnaround play and should provide good upside through end of the year and next year.
you've been posting the same for well over a year now. you are throwing stones before the company returned to profitability, now you're throwing stones not allowing things to play out. company will post 20 cents/share profits this year and continue paying the 5%+ dividend - that is better than McDonalds - same PE, better growth rate, better dividend, no debt. come 2016, DRAD EPS will be up another 25% to 50% and MCD will be lucky to have been flat year over year. who cares what the PE is at this moment? do you drive your car only looking in the rearview mirror?
in Dec 2013, you posted:
"Chairman Eberwein was program buying on a consistent basis from May 2012 up until Oct 8, 2013 @ $2.73. Now no more buys. Must feel that it has gotten expensive?"
That proved to be wrong on both points.
It sounds like you have a personal issue with the company and want to view everything in a negative light...which is fine, but it appears more and more that you've been burned on the stock and are now posting as retribution for your losses.
Company is profitable and paying over 5% dividend now. The company has sufficient cost controls in place and is moving forward with profitable growth. That is the key to successful turnarounds. The company is out of the danger zone. So long as they post profits quarter after quarter, shareholders can sit back and be patient - the dividend is paying them to do so.
The more shares trend lower, the bigger the buying opportunity - we saw the same last year...as the year progresses the shares will likewise move up as they did last year as well.
Sorry for whatever problem you personally had in the past with the company - that is old history, not the future.
5% dividend is a good place to be buying. Company will earn 20 cents/share for the year and 2016 will show continued growth. Then there is always the potential for surprises along the way...who knows what Eberwein might have up his sleeve?
Buying at $4.00 and lower...Eberwein has our back at $3.50.
wonder how much lower it will go after the dump this time?
Eberwein is head of Lone Star Value Management. They are a fund specifically focused on turnarounds and deep value plays. They go into companies that are poorly run, they shake things up, cut costs and overhead, return the company to profitability, and all shareholders win. Eberwein has a very high success record. He received his training working for Soros. I've been involved with 3 Eberwein situations over the past 2 years and all have worked out very well. He is very good at what he does. Considering the investment that was made and that Climaco remains on both boards, my belief is that any involvement by Eberwein/DRAD is on very friendly terms.
hansyklerk - I have no idea what the end game is. However, for Eberwein/DRAD to make the investment in the Tc-99m company is an indication that one way or another they intend to benefit by significantly more than the amount of the investment. I know Eberwein and how he operates. Should PESI shares continue to stagnate, it would not be out of the question for Eberwein to make a large (and continued) investment via share purchase or an offer for all of PESI outright.
again, they cannot do anything right now (or in the past two weeks) because it is the period between end of the quarter and the earnings announcement. when did the price fall below $4?
a buyback is no different (from a legal perspective) from insider buying - it cannot happen in the period between end of quarter and the earnings announcement. as I previously pointed out, bears and shorts do take advantage of these opportunities because there is little the company can do until the earnings are announced.
and so in the mean time, until we know more, I go with trusting management - the management team that has turned this around over the past year, returned the company to profitability, and has consistently been buying shares, even a few weeks ago at $4.50 and $4.60.
I assure you, for the roughly 200,000 shares that traded in the past two weeks since the shares were at $4, it wasn't because of this "doubt".
compare with financial metrics and balance sheet for LTS and then tell us where the shares would be appropriately valued in your view - even with your reduced earnings scenario.