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Universal Insurance Holdings Inc. Message Board

proforma000 12 posts  |  Last Activity: 20 hours ago Member since: Dec 2, 2003
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  • Looks like they are trying to put the two companies together and create Foundation Medicine #2? Could be very interesting.... Wonder whether they would issue shares so CLRX shareholders could participate in any upside? That would be nice. CLRX management received a bunch of options recently, struck at $0.75 per Form 4 filings.

    How would they need to structure this transaction to preserve the NOLs? Any one know?

  • Reply to

    actually good news for clrx

    by bullbearyikes Jan 22, 2015 9:48 AM
    proforma000 proforma000 Jan 22, 2015 4:26 PM Flag

    Looks like they are trying to put the two companies together and create something that looks like Foundation Medicine? Could be very interesting.... Wonder whether they would issue shares, so CLRX shareholders could participate in any upside? Looks like CLRX management has received a bunch of options recently, struck at $0.75 per Form 4 filings. How would they need to structure this transaction to preserve the NOLs? Any one know?

  • Great...

  • Reply to

    Today's Volume

    by eqivacation Jan 16, 2015 10:07 AM
    proforma000 proforma000 Jan 16, 2015 12:41 PM Flag

    lol! that's pretty funny

  • Reply to

    Henrique Meirelles as CEO

    by jim_cramer_cnbc_ny Jan 9, 2015 3:57 PM
    proforma000 proforma000 Jan 10, 2015 12:00 AM Flag

    wonderful! ugh! In 2005, the Brazilian government accused Meirelles of tax evasion and illegal international money transfers... another guy we can trust

  • Reply to

    BUKS past and future

    by oldrogue61 Dec 27, 2014 2:21 AM
    proforma000 proforma000 Dec 31, 2014 10:06 AM Flag

    Just wanted to thank you, oldrogue61, for all of your posts on BUKS this past year -- the posts have been really helpful and insightful for those of us who missed some of this stuff. Happy 2015.

  • Reply to

    November Casino Revenues

    by oldrogue61 Dec 11, 2014 1:52 AM
    proforma000 proforma000 Dec 11, 2014 9:20 PM Flag

    yeah, thanks for the info oldrogue; your thoughts make total sense

  • Reply to

    Possibilities from now to end of FY(17)

    by oldrogue61 Nov 3, 2014 10:04 AM
    proforma000 proforma000 Dec 1, 2014 9:30 PM Flag

    Interesting, oldrogue61... thanks

    it seems Poloroid's ESOP defense came after, not before, the specific threat became public, no?

    nonetheless, ESOP defenses aside, the issuance of these shares at such a low valuation is destructive to shareholder value... if anything, the company should be buying back shares, management should be buying shares in the open market hand over fist, and they should be getting the story out there so other institutions buy and drive up the share price... but they should not be issuing new shares to anyone at such low prices--it detracts from current shareholder value and is likely one more reason why the stock is languishing is right now (in principal, i've thought twice about reducing my position given that management is willing to allow this; basically they are telling shareholders #$%$" or they don't know "Financial Management 101"

  • proforma000 by proforma000 Nov 10, 2014 2:52 PM Flag

    Management does not own any meaningful $ amount of CLRX shares, so they don't have enough "skin in the game" to care about the consequences of a highly-dilutive follow-on offering

    Institutional ownership is basically non-existent, so there aren't any big shot there either to complain about and dictate management's direction

    I never thought I would see this company sell shares in such a highly-dilutive manner at such a low prices, but now it looks entirely possible

    from a financial vantage point, what an absolutely terribly managed company

    they went swinging for the fences on a concept that admittedly may have merit, but with zero thought put into financial strategy in areas such as how to best manage short term cash flow, utilization of NOLs, etc,

    As always, the retail shareholders end up holding the bag. what a shame.

  • Reply to

    Buy-back?

    by ainteglia Nov 4, 2014 3:44 PM
    proforma000 proforma000 Nov 4, 2014 6:13 PM Flag

    me too, hope you are right. thanks ainteglia

  • Reply to

    Buy-back?

    by ainteglia Nov 4, 2014 3:44 PM
    proforma000 proforma000 Nov 4, 2014 3:57 PM Flag

    I would love that to be the case ainteglia but normally companies announce buybacks before they implement them... i think it looks to me like a large block trade happened in the morning... someone wanted in (but someone else also wanted out)

  • Reply to

    Possibilities from now to end of FY(17)

    by oldrogue61 Nov 3, 2014 10:04 AM
    proforma000 proforma000 Nov 3, 2014 7:00 PM Flag

    1. Debt payoff - I sure hope so -- this is my preferred allocation of capital at the moment
    2. Casino deal - as far as i am concerned they don't need to rush into anything (buks technically already has control and is in the driver seat in terms of when the minority holder gets its cash out).
    3. 401k share purchase - this is idiotic and destructive to value; would not deter hostile takeover; in fact, might do the contrary
    4. Clark Stewart - good guy... hopefully he makes some cash on his holding ;-)
    5. Neat to think about the 400 acres, i view it as a long term option-- just not sure how much it is worth

UVE
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