astc, I think you should get out of the market since you have no clue of what's going on. Maybe you will figure out sometime before the year is out that the market actually closed today at 1PM eastern time. The quote you were looking at was an aftermarket close quote that almost always has a wide spread. Yikes!!!
Great work jim6b. However I wouldn't count on any 2015 credit just yet. I'm just not sure with the fall in the prices of oil and gas of recent months combined with the new congressional makeup that the sentiment for credits to the biofuel industry will have any great following.
In some sense passing on undervalued stock to your heirs can be a great tax benefit to the heirs. Since this CEO has NEVER had shareholders friendly plan in place up to this point; the passing onto ones heirs a cheap stock may well have been his plan all along.
I believe we had a new group of investors that came into AWX banking on the potential of those two wells. The stock peaked in the high 5's earlier this year and now we are viewing IMO the exit of many of those same investors.
The insiders buying of late have no interest in propping up the share price IMO. What for as their family fortunes don't ride on MILL shares. I believe Geisler truly believes he can turn this company around based on the assets the company currently controls. Of course all bets are off if oil drops another 50% from these levels.
Not sure why you think the injection wells are worthless. The Utica shale play has been quite good for many of the companies in that region. Thus IMO the wells are right in the middle of a very lucrative market that not going to go away. Unless that is you expect the price of oil to fall to $10 a barrel and gas to $1.25.
That's the better question IMO. Why in the he** are they continually buying up companies when they can better utilize their capital by just buying back their stock 50 cents on the dollar?
But what the PR doesn't say is whether or not this excise tax credit will also be forthcoming in 2015. So will REGI and the other producers have to wait until December 2015 to find out if they will get the credit for calendar 2015?
on ASTC today. My guess is we have a good deal of tax loss selling taking place. A great time for the company to be buying back stock. Hopefully they are taking advantage of the current action to buy as much as they can.
In hindsight now, with the whole sector under pressure, may be the time for making deals. Unfortunately, right now MILL must be satisfied with playing with their current portfolio and shooting for singles instead of home runs.
at $9.24 yesterday. For those mathematically challenged, he invested another $97,000 plus in these C shares. My guess he's planning to pay the dividend. I did post two days ago it was time to get rich buying the C and D preferred shares at these prices.
SPAM SPAM SPAM and even if it wasn't SPAM that Thanksgiving call would have to go down as one of the worst call anyone could have made short term.
I do agree don, d's are the way to go versus the c's and most definitely versus the common. But it's going to very hard for any meaningful rally with the price of oil sinking almost every day.
There are many announced buybacks in which many companies never follow through with any meaningful purchases. That's why i said lets hope they actually take advantage of these low prices to buy back the stock. Also a $5 million buyback would only be about 10% of their outstanding shares. Meaningful but not a decisive move IMO. I'd take a big 1st Detect order over any buyback announcement.
by the end of calendar 2015. Now let's just hope they follow through and execute on the planned purchases.