You stand by your first post on this thread? You checked into this company but are now walking away? Interesting how you left out "I invested in this company" but instead said "I checked into this company" - isn't it?
As I said - go check EVOL...two years ago you would have posted the same thing - Singer owns over 20% of the company and yet the shares have doubled and paid 8% annually on the original amount, increased the dividend along the way, and the shares have doubled.
You might want to re-evaluate what you consider important in your analysis. There are larger more prominent institutional shareholders than Singer here.
Now walk away.
Have you read any of the quarterly reports over the past year? Read any of the SEC filings? Listen to any of the conference calls? What I don't understand is how anyone can be surprised by a bankruptcy filing at this time. Management gave many, many clues of what was coming.
Seeing your posts, you are correct that you should stick to index funds because you aren't able to perform the proper analysis to understand what to invest in and what to stay away from.
you are proving that you have no concept of how to analyze a company or its finances.
by your logic, why is WTSL on the doorstep of bankruptcy as well? They still have sales of almost $500 million per year and once had a market cap much higher than that. They just defaulted on $27 million - pocket change according to you.
you deserve to have lost your money here.
of course you're missing something - you must be living in a cave or something not to have seen this coming. go look at my posts here.
some of you are unbelievable.
Oh tom - you aren't telling the whole story now, are you?
please explain your Aug 15 post on this board.
you checked into this company as it came up on a value screen but now walking away? how about you bought shares of the company, the shares went down, you sold at the low, and now have sour grapes so you post this BS?
tom.piper • Aug 15, 2014 12:27 PM
Hmm I'm in the same place. Started a position this week, not much. Price action seems odd but volume is so light I will chalk it up to low volume..
being a Karen Singer company is a good deal. typically the companies are tech, with clean/strong balance sheets, they are profitable, and they create shareholder value AND return it to them in the form of high dividends. same goes for EVOL where she/they own over 20% of the company. I bought EVOL two years ago at $5, collected over 8% dividend annually and shares have doubled in price - ask me if I care about her husband's past?
history of her husband is well-known and history. big deal. Joe Biden is an admitted plagiarist. does anyone really care?
tell me - what other tech companies did your screening turn up that are profitable, paying 7% dividend with no debt,?
negligible savings - about $100,000/year.
the only thing that is going to save the company is sales growth - you can cut and cut expense until there's nothing else to cut, but as it is the company is barely cracking $10 million/year in sales. if they do not show increased sales, everything else is irrelevant.
yes, I am holding tight...definitely will pick up more if we get a knee-jerk selloff like a few weeks ago. glad I was lucky to get some more that day.
I really like this management team. shares should go much higher this year as integration of the acquisition takes hold and we hopefully begin to see the beginning of interest rate increases.
I wasn't quoting you sports...all my posts were directed to jayhardy...who told you not to sell/trim but then goes and sells all of his.
"I can't believe I'm going to say this to you sports, but what are you doing? It's the time to buy not sell."
Really? Why don't you take your own advice?
"I know i'm giving this co. till mid year 2015 to show Shareholder value if not im OUT...(NOT SELLING OR BUYING)..as I type!"
I guess not - huh?
Dude - you really are something else.
"Don't want to have to short this turkey to get back my losses like last time."
Let's think for a moment brainiac...you sold it all at $4.99 and are now waiting for the bottom, which you obviously believe is lower than the $4.99 where you sold - correct? You think the shares are likely going to smack $4.00 even prior to earnings. If this is your belief, then why are you not short now? Hmmm?
obviously his head isn't exactly screwed on very well.
seriously - averages in with 22,000 shares at $5.25 and then unloads at $4.99 and is waiting for the bottom? As if you can seen when the bottom happens or be able to buy any significant number of shares when it does happen? The trading is so thin and the movement so volatile the chances of recognizing it or being able to buy at it is small. It may have happened today at $4.80 for all we know.
being averaged in at $5.25 is really good - too bad he didn't recognize it. when shares are back at $7.50 in a few months and he no longer has 22,000 shares at a $5.25 average he may then realize it.