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Bob Evans Farms, Inc. Message Board

pumpitypete 5 posts  |  Last Activity: Mar 31, 2015 9:43 AM Member since: Jul 25, 2006
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  • Reply to

    Bad earnings

    by petarbuku Mar 31, 2015 1:32 AM
    pumpitypete pumpitypete Mar 31, 2015 9:43 AM Flag

    Historically, this issue has always traded AT A PREMIUM to its NAV.

  • Reply to

    Best buy available right now

    by mysonchino Mar 25, 2015 12:05 AM
    pumpitypete pumpitypete Mar 25, 2015 7:45 AM Flag

    I agree myson. However, let's see what the NII looks like after they make whatever accounting adjustment. For all we know it could go up, but I doubt it. I think it dips below $6.80 today on panic selling, and is a bargain, even if the dividend goes to $.16-$.18/quarter. Buy @ or below $7.01. I will be.

  • pumpitypete by pumpitypete Mar 17, 2015 12:06 PM Flag

    They had the SEC filing alert from yesterday so maybe?
    Alert below:

    Mar. 17 at 8:44 AM

    #EarningsALERT $KCAP Reports Wednesday, Consensus Revenue Estimate: $14.11M, Revenue and Earnings Trend Chart lite.capitalmarketlabs #CML

  • Reply to

    Earnings report suspended

    by d.jamgochian Mar 16, 2015 7:17 PM
    pumpitypete pumpitypete Mar 16, 2015 8:32 PM Flag


    they did in fact file with the sec today.

    "As a result of these reclassifications, the amounts of net income, total stockholders’ equity/net asset value, earnings per share, net asset value per share and tax-basis distributable income previously reported by the Company will not be impacted by the correction of this error.

    The Audit Committee of the Company’s Board of Directors has determined that the error in accounting for investment income from its equity investments in CLOs was not material to the Company’s previously filed consolidated financial statements."

    I read this to mean that they 'might' be obligated to reclassify previous dividends although I am not an Accountant.

    This is a bargain for the investor at these prices and is part of the reason why the PPS is depressed.

    My take. From an investor who took a position today @ $7.01.

  • Reply to

    No news high volume stock down

    by mysonchino Mar 16, 2015 12:43 PM
    pumpitypete pumpitypete Mar 16, 2015 1:17 PM Flag

    I have looked at the SEC filings for the last two months. I noticed Virginia Retirement has been reducing holdings in the convertible from 5 million + shares. I wonder if that has anything to do with the PPS going down.

45.04-0.25(-0.55%)1:32 PMEDT