Venaxis is a similar company. Difference is that Venaxis has annual sales of less than $100k, loses $10+ million/year yet has a market cap of $41 million.
BMRA has book value of 78 cents/share while APPY is at 74 cents/share. BMRA trades at $0.85 while APPY trades at $1.90.
Again, BMRA is wildly undervalued - simply needs more exposure.
Nice 34 cent discount now.
You're doing just as well here as you did with SYNC.
What's the matter? Your research team having problems?
I'm just making everyone aware of how you operate and not to take anything you post seriously - because since the date of that post, it's been 100% wrong - shares never traded in "the lower 80's" again, and obviously not higher.
Releases the stranglehold the government has on the bank.
Look for dividend initiation sometime during 2014.
With 6 cents/share savings on this redemption, coupled with the 5 cents/share savings on previous redemption, we will be seeing an increase of 11 cents/share annually. Add this on to the 15 cents/share nominal quarterly EPS we are currently at and we have a new annual EPS of about 71 cents/share. Slap the 15 PE on it and we are looking at a new price target of about $10.50.
Sit back and relax!
Year end window dressing beginning early this year.
That's fine - get him out of there, distribute the shares, and move forward.
Business has hit bottom already and will strengthen going forward. I'm using the opportunity to scale in to cheaper shares, lower my average cost, and build a big position.
The company is going to be successful - just a matter of a little time and patience. The worst is behind us.
If what you say is true, would that only apply to the issuance of common stock? How about preferred, warrants or other stuff?
"shelf registration statement on Form S-3 with the United States Securities and Exchange Commission ("SEC"). Following its effectiveness, the shelf registration statement would allow Global to offer and sell, from time to time, up to $300 million of common stock, preferred stock, depositary shares representing interests in preferred stock, and warrants or any combination thereof"
Sampson purchased 1000 shares yesterday at $10.44/share.
This was an open market purchase with money out of his own pocket.
Clearly he also believes the selling has been way overdone.
I'm buying lots more on any further weakness.
Nick Swenson of AO Partners. He has positions in AIRT, ELSE, and PDEX. I built up a huge position in PDEX earlier in the year - above 1.5% of the company, then sold it all off in one day when Seeking Alpha posted an article pumping it a few weeks ago. I've just begun accumulating ELSE - below $4 is generally a buy signal. Nick gravitates to companies with a low number of outstanding shares so they can more easily get a large ownership stake. As a result, they are thinly traded and have wide bid/ask spread. But, he's an activist and works on turnaround plays that are value-oriented...which all three of these are.
Or maybe they want to buy a lot of shares at $12 and sold the calls in an effort to reduce their cost basis assuming they get the shares?
I'm using the opportunity to buy cheap shares. If it goes lower, wonderful - I'll be collecting 7% dividend shortly. Between Friday and Tuesday folks were buying at $12/share and higher.
Let it go lower.
quite a few small caps all sold off during the final 2.5 hours.
The talking heads on one of the networks probably said something or did a story to cause people to sell.
They have to downgrade to hold.
Will be interesting what the new price target will be. I will say $2.50 to $2.75, maybe $3 seeing the way they've been so accommodating and giving them a long leash the past few months..
My "buy on the dip" was in July in the period after the last Francese purchase and before last quarter's earnings announcement. Since last quarter's announcement I have repeatedly said the remainder of the year would likely be soft based on my reading of management statements and uneasiness during that prior conference call.
If you read my posts here over the past 6 months, I think you'll see that every one of them has been correct. I'm actually quite surprised that every one of them is correct, but they are.