You got it. I know the faithful, of which I include myself, don't like to hear it, but unless EZ is going to be the next Cisco, they need to sell the company. They are so highly specialized that their technology should be incorporated into a larger company with a lot more stability. There is a reason why this stock has been all over the map...excellent company but it is built on a foundation of sand when you consider the sector. I have a few other similar companies that are well run but so specialized that they probably do not know from one day to the next if they are going to double sales or see them fall 50%.
A few days ago the shorts on this board claimed UPL's "next stop" was 20 bucks. Instead it hit a new 52-week high. What happened to 20?
Nice article on CLFD posted on Yahoo today. I am going to add to my position this week. I believe the market is digesting the recent gains. Clearly management sees no end to the growth. I have no idea where the stock is headed but I doubt Roth banged it again because he sees a "mere" 20% upside. For that kind of investment he probably foresees a double or better, but that is pure speculation on my part.
Yes, I realize that, but why would I have had GTC order sitting out there at over $29 bucks the day the stock made its moonshot?
Too bad we can't export some of UPL's NG to Germany right now...
Unfortunately another false start for EZ. This is one of those companies that you figure would be bought it doesn't seem to be happening. We seem to be headed back to where we started. If I could sit in front of my PC all day I would dump this thing the next time we see one of these manipulated spikes.
Someone needs to go to jail if there has been a leak...if some people have gained access to information not available to the rest of us then there better be some swift justice. Granted, I am glad to be on the right side of this thing, but for there to be no comment from the company after this kind of trading action?!?! Not even the obligatory "we do not comment on our stock price..." Its almost 11:00 and not a word...total BS and just more confirmation that the market is rigged.
Looks like all the gassers are having a good day; SWN (new 52-week high), ECA, RRC. Maybe we will see some movement back into this sector after a long hiatus.
Good Monday morning. A fresh 52-week high and a bunch of raised earnings estimates. The analysts have fumbled UPL earnings badly the last four periods with low ball estimates. Maybe they are paying more attention with natural gas at 6 bucks.
Is anyone really short this stock after all the insider buying? You really have to think you are smart to bet against the Chairman and top management who have been acquiring shares relentlessly.
Sentiment: Strong Buy
Anyone who is considering investing in UPL should look to 2014 and beyond. With the rearranging of the deck chairs I don't think anyone is going to care too much about what happened last year, other than maybe with regards to operating expenses, well costs and the like. Who really cares if the weather has had a little blip on production with prices now at four year highs and with the prospect of filling storage looking bleaker with every passing cold and snowy day? The story here is how well did we do in Q1 and what is the outlook for pricing the rest of the year. Also, I am interested in any developments in the new oil property. 2013 earnings good or bad won't be the big story tomorrow. If Watford is jacked about the how well we did half way through Q1 than expect the analysts to form a double line to increase estimates.
This fund is rated a buy by Richard Lehmann of Income Securities Investor. I plan on picking up $10K worth as part of my income portfolio. I am retiring in May and I will have a six figure pension, so I can afford to take a little bit more risk on my income investments. I really like Lehmann's newsletter and I would recommend anyone interested in preferreds, bonds, convertibles, MLPs, etc. to take a look at it.
TPLM, along with KOG, seems poised for a big 2014. I took the opportunity to add to my position during the last sell off, which I view as a totally stupid gift from Mr. Market, thank you very much. I own a lot of gassers and that sector seems to be run by fools, but these smallish oilers seem to have a better grasp on the reality of their business environment. Not only will these companies make money for a long time, you really have to wonder how much longer the industry will remain so fragmented. I have to believe that sooner or later the WLLs, KOGs and TPLMs of the world will be taken out by large companies that need to increase their domestic reserves.
I don't think the market cares about tomorrows withdrawal as long as it believes E&Ps will continue to furiously increase production at all cost, even in order to sell natural gas at a loss. UPL specifically will most likely post pretty good numbers for 2013, but again it will be a non-event. Even if they kill expectations it would not surprise me if the stock took a dip just because. More importantly will be forward looking information including how we did in January. I have to believe that with no hedges in place for Q1 UPL is going to have cash stuffed in closets, drawers couch cushions, etc. in the Houston office. But again, if the market foresees a mad rush to fill storage this summer and boost production to more records it will all be a ho hum.
Unfortunately I agree with you. As with most things financial and economic supply and demand is the primary driver and the natural gas industry is a classic example of a sector that totally botched it in this regard. I know people claim that there is a lot of residual gas from oil wells but the fact that there are still over 300 rigs in the dry gas fields pumping for the sole purpose of driving the price on natural gas into the ground is mind boggling. When I read about E&Ps planning to increase production I wonder why these people are not being fired. Companies that continue to press on with production increases because they figure they can still eek out a slim dime in cash flow have cost shareholders a fortune. As long as we experience month after month of record production storage could go to zero and we would not see a blip in UPL stock at this point.
I wish you were right, but it seems nothing can shake this sector's negative sentiment. The jokers running these E&Ps seem to have poisoned the pond with their idiotic rush to oversupply the market. Even today the over supply situation remains unabated. If ten year low storage numbers don't fix this than I believe it will take an extended period of supply reductions to regain any investor confidence that the boom bust cycle remains in tack. At this point, even with a gun to its head, the market believes E&Ps will magically rebuild storage in a week or so...so much for a rational market. But at the end of the day, investors will have little confidence in companies that depend on the weatherman to bail them out of their bad decisions...
I know that some think insiders make bad decisions when they fall in love with their own company, but the history of accumulation by insiders at CLFD seems to indicate that these folks are not making any snap judgments based on short term information. It will be interesting to see if we make a new high in the near term based on the insider buying. It seems that the stock has enough juice to move to a higher range. If we get a pull back than I suppose its a chance to add. My only concern is the gap around 18.61. Those gaps always fill.
Really? I don't see any great hammering as the mild uptrend seems to be in line with the last few days. It seems the report has not had any major impact. I still believe the company needs to find a suitor. If not the stock will continue to rise and fall at the whim of the slightest news coming out of the sectors bigger players. EZ has a case of "founders disease" similar to what happened at Digital many moons ago. When a founder hangs on to the dream for too long bad things usually happen. Sell the company and let this niche technology become part of the greater whole. Considering where the stock has been even if we get past 30 bucks at some point this year we are simply retracing familiar territory.