shill
When the stock closes red today on a blow-off top, they'll be gone and never heard from again.
Reported tonight after the closing bell. That guy is burning up the SEC fax machines with all his sell transactions. How pathetic.
Or maybe he needs money to go on that space mission to mars. Or maybe his mistress is blackmailing him to pay her hush money. Or maybe he needs money to pay for a sex change operation. Whatever it is, we know he couldn't possibily have sold because he thought the stock was overvalued. No that NEVER happens. Insiders NEVER sell because they think a stock is overvalued. NEVER NEVER NEVER!
Now let's see, where was I?
Oh yeah, umm, maybe he sold because he has to pay off his gambling marker at Caesars. Or maybe he needs money to fund his heroin addiction, or maybe ________ (fill in the blank - other than reasons of stock valuation).
The conference call was bullish. They said to expect record backlog again in Q2. And they moved up their target date to achieve $300 million annual revenue. It used to be 2015, now they say sooner. And still saying they are on course to achieve double digit operating margin. That would bring anual EPS (fully taxed) over $1.00 by 2015.
Furrow dumped 317,468 shares over the past 3 trading days. Guess he couldn't wait for $2.00 to hit the sell button. What a show of confidence.
Jacobs thinks the brute force method of "BIG, BIGGER, BIGGEST" will win out in the end. That is an untested theory which will take many years to verify. Meanwhile, ECHO is playing smart ball by investing heavily in their tech and sales personal to minimize turnover. And even then, they are having a lot of trouble growing margins. If they can't build a more efficient company as they grow moderately, I don't know how this monster in waiting (XPO) will do any better. At some point in time, Jacos will have to reverse gears or they will have to dilute like crazy.
In 18 months, XPO can only hope and pray that their operations are in line where ECHO is operating (profitably) at this very moment as we speak. And yet ECHO currently trades for 0.5 X sales. If XPO can pull off $1 billion revenue by 2014, and turn a profit by some trick or magic, then they will be blessed with a whopping valuation of 0.5 X sales (or $500 million market cap). Considering they have 43 million DILUTED shares, that amounts to a stock price of $11.60 in 2014. And that's if everything goes just exactly perfectly as planned. Good luck guys.
You can read the earnings press release on the company's website, under the investor link. I guess they're too embarassed to distribute the news widely.
And cash is down to barely $200 million. Burning $8 million/quarter. Time for another secondary offering. What a hamster wheel. The spin in their press release is monumental.
Good job stealing my thunder on Kent Savage. I did let Sam Furrow pass without mention because it was such a small amount relative to his stake. But Savage obviously has no confidence in management.
Savage sold 125,000 shares on the open market between April 30 and May 2. Now there's someone who couldn't wait for $2.00, let alone $3.00. Oh my.
Ziippitty, it will take years for XPO to reach the same level of profitability that ECHO currently enjoys. And yet you think ECHO is worth only $3 and change; and that's with a sharecount that is nearly half that of XPO's fully diluted sharecount. Based on your rationale, XPO stock should be trading around $1.00/share. Yet you find value here at $16? I don't understand how you are valuing this company so richly compared to ECHO. Please explain.
"...That won't effect Joe's since overseas operations only represent 5% of current business."
Gems, you must be bi-polar. It wasn't long ago when you were telling me that Joe's international growth strategy was well on track and that it wouldn't take long to see fantastic results (contrary to what the CFO said on their previous conference call, when he said it would take years). And now hear you are minimizing the importance of their international growth strategy altogether. Please get your story straight.
The 2013 forward P/E for Ch Robinson is sitting around 19.
If we apply that multiple to the low end of ECHO's earnings estimates for FY 2013, you get .78 x 19 = $14.82. And ECHO is supposedly growing faster than CHRW, so theoretically they desrve a higher P/E multiple. However, this management team is not reliable with their forecasts, as they constantly overpromise and underdeliver. And the market hates that. They will be in the penalty box a while for lowering 2013 estimates by so much. The market will brace for more downward revisions.
PS: I hope you listened to me and waited until after the earnings release to buy this stock. You would have saved yourself 13% off the sale price in two days.
What are you talking about? Do you know T/A? The previous low ($1.65) was established during the basing period 3/18 - 4/4. Then on 4/8, the stock broke out to new highs and continued higher the next two days until it ticked $2.04 on 4/10. And then the stock has been in decline ever since. As I stated, the previous low (some people call it the relative low) had been established in a basing pattern at $1.65. The stock broke that low and made a new "lower low" when it hit $1.52 on 4/18. And now it looks like it's making a "lower high" as it stalls out below $2.00. So you got a lower low followed by a lower high in the making. If it doesn't break $2.04 on this go-round, then the relative low will be tested one way or another. It may hold up high and tight in htis range, which would be bullish, or it may drop and consilidate close to the $1.52 relative low.
First it has to test the recent low around $1.52. If it holds that convincingly, then the downtrend is off the table, or at least put on hold. But if it breaks below $1.52, then the downtrend is confirmed.
Lower low (on 4/18) and then lower high (on 4/25) could spell the beginning of a new longterm downtrend. This is how all downtrends start - with a lower low, then lower high. If it breaks below $1.52, then next target is around $1.25.
Joe’s Jeans Designer Launches Ambitious New Multifaceted Resale Site
by Lauren Sherman
April 25, 2013
--------------------------------------------------------------------------------
Ambre Dahan, the French-born, L.A.-based design director of Joe’s Jeans (and wife of Joe’s Jeans founder Joe Dahan), knows that the online resale space is competitive. And crowded. After all, 2012 was filled with launch-after-launch: The Real Real, Vaunte, Shop Hers, and Material Wrld, to name a few.
But Dahan believes that her self-funded site, Walk In My Closet, which launches today, is unique enough to make a real impression on the market. And she may be right.
“I think there’s still a chance to create real social community around fashion,” said Dahan when we spoke last week in her minimalist Los Angeles office. (The most prominent decor was a stack of shoe boxes, topped off with a Celine clutch, waiting to be shot by the in-house stylist and photo team.)
So she’s setting out to do just that. Along with the requisite host of influencers offering access to their castoffs (including Jenni Kayne, Jacqui Getty, and Lulu Frost’s Lisa Salzer), Walk In My Closet consists of several other elements. There’s an online magazine, a mood board creator, a selection of items the editorial staff loves from full-priced retailers called “Shop the World,” and a chance for users to create their very own “closets,” where they can sell their own items, or simply put together a Clueless-style inventory of everything they own. (The closets can be private or public, and are no different from those of the featured influencers.) You can “follow” the other closets you like.
Other services include a concierge for those who would prefer that someone else manage the sale of their goods, as well as a forthcoming iPhone app.
It’s a lot, and I won’t be surprised if Dahan eliminates an element or two (or three) as the site evolves and she figures out what people actually want.... (go walkinmycloset dotcom)
Hey Brettmx98, your name sounds familiar. Were you in CAND when it was trading at $2.00 back in the day? I was, and I was backing Neil Cole all the way. Marc Crossman is no Neil Cole. He doesn't have the pedigree or the connections to be taken seriously by the market. And he's not putting up his own cash like Neil did. His crediiblity is in the gutter anyway. He's content to just keep the wheels spinning and the SEC off his back with those pesky delisting notices.