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Standard Pacific Corp. Message Board

rarguile 5 posts  |  Last Activity: Mar 5, 2015 10:12 AM Member since: Feb 19, 2007
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  • rarguile by rarguile Mar 5, 2015 10:12 AM Flag

    "During the fourth quarter of 2014 the Company's management determined that its investment in an affiliated company was other than temporarily impaired, and as a result, recorded a non-cash, non-tax deductible charge of $3.2 million to fully impair the asset."

    Perhaps this is the cause: 2010 10Q

    "In January 2010, we acquired a minority equity ownership interest in Luxcel Biosciences Limited (Luxcel) based in Cork, Ireland. The investment of approximately $3,625,000 (#$%$2,500,000), which was made through our newly-formed subsidiary, MOCON Netherlands Holding B.V., amounted to a 16.9% equity interest in Luxcel. In addition, we acquired warrants to purchase an additional 375,000 shares at #$%$2.24 per share at any time within three years from the date of the initial investment."

  • Reply to

    reed v. lway

    by netprophecy2 Jan 12, 2015 7:29 PM
    rarguile rarguile Jan 15, 2015 9:37 AM Flag

    I disagree - greedy management says everything - "we're taking the profits - sorry shareholders!" You want management that aligns it's interests with yours - IMHO.

  • Reply to

    reed v. lway

    by netprophecy2 Jan 12, 2015 7:29 PM
    rarguile rarguile Jan 14, 2015 9:20 AM Flag

    It's not a way - it's one indication of the approach of management to the long-term future of the business. Chris Reed looks dedicated to making REED successful and quarter-to-quarter results are not significant. Problems can be fixed. What matters most is rising demand without reducing margins.

  • Reply to

    reed v. lway

    by netprophecy2 Jan 12, 2015 7:29 PM
    rarguile rarguile Jan 13, 2015 10:17 AM Flag

    Check again - according to Yahoo Finance Chris Reed is paid $250,000 (REED) the CFO and CEO at LWAY pay themselves each over $1 million. One of the statistics I check on any business is the greed of the management. I'd say this is a vote for REED.


    Any company involved in ocean trade - like US Hawaii has to be getting a huge benefit from the falling crude oil prices. Matson is obviously expecting better results for the 4th Quarter of 2014. Looking forward - even without a bunker surcharge - hard to justify now - the profitability of ocean transport has to be much healthier than twelve months ago.

    Sentiment: Buy

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