Hey roboklerk .. just thought I'd stop by and say thanks for getting me to look at PRCP several years ago after VIFL was acquired or went private (don't recall). Anyway, I've read several of your recent posts. I concur with your thoughts but believe that patience will win out. The recent quarter showed some of the potential.
Good luck and thanks again. I'll check back again in a couple of years. :)
SW - 20% looks right and makes me wonder what I was looking at yesterday. :)
Do you have any insights/clues on the potential future annual revenue in a couple of years with the micro machining aerospace business? I am a little uneasy as I have no real basis for determining its value.
Short term, I guess they provided clear guidance that the next quarter will be solid. I'm thinking that the quarter after that may be very weak with investments needed to ramp up their capacity in advance of anticipated business. I always struggle reading their releases as Bill will throw in a few descriptive lines that relate to the future but will omit enough detail to fairly predict what will happen.
I'm not totally up on this but I believe that depletions has to do with the number of cases sold by distributors to retailers. If depletions are not increasing as much as beer shipments then maybe (if I'm understanding correctly) there would be a concern that sales from CBA to the distributors will slow because the distributors inventory is growing (i.e. the distributors bought more than they were able to pass on to the retailers). Not sure I have this right, but it was a good question and I didn't see anyone answering you so I thought I'd take a shot and let someone correct me if I'm off base.
O'Reilly Auto lowered their guidance for 2Q. They are down 18% as I write this message. GPC down in sympathy / fears that the sector in general will have worse than expected results.
Really? 15% drop in the share price on a trade of 200 shares. A bit of free message board advice ... Use LIMIT orders when trying to buy or sell a stock that has extremely low volume and unreasonably large bid/ask spread (currently Yahoo shows a bid of 7.40 and ask of 9.02. You may have to be patient; possibly even a few days, but you really don't want to sell for $1.37 less than the last trade when there's no new information out there about the company
picked up another 500 shares. pretty modest investment. i figure you can call me "modestly nuts". i hope to continue to build on the position during 2012, but maybe i'll get the opportunity to pick them up at a lower price point
Remy files for IPO of up to $100 mln (FNF owns a minority interest)
It is the company's decision not to announce the exact timing of their earnings release. It is always after related audit committee and board meetings occur and the upcoming ones are slated for Nov. 10th. The earliest you will see the results pulished is on the 10th but it could be later than that. I was incorrect in thinking it would be later this week.
2Q was reported on August 4th. This was after Yahoo had indicated it would report about a week earlier. I called IKNX and was told that they have a board meeting prior to the release which had not happened before Yahoo started indicating that earnings were going to be released. Anyway ... my guess is that earnings will be out the latter part of this week, but for a definitive date you would need to call the company. Yahoo is unreliable for small companies.
I made an initial investment of 500 shares in PRCP and will look to expand that over time. Any future comments related to PRCP, I'll post on that board. Thanks again
Nice to see VIFL back over $6.00 - I passed up the opportunity to add to my holdings but hope others on this board took advantage of the recent declines.
I've started my research on VPF and PRCP (thanks again).
PRCP - Seems reasonably priced if you remove the cash/short-term investments b4 looking at the P/E. It would be nice if I had a clue on the value of their Helix line and I think their efforts to branch out from their dependence on the auto industry with CBU are inconclusive to date. I was initially concerned about the uptick in SG&A but think that was mostly a temporary 4Q profit sharing event. If their guidance is correct and they have 10% revenue growth then I don't see a major movement soon ... but could give one a chance to build up a holding in the company over the next couple of quarters. A continued recession and a slowdown in new vehicle tooling programs seems to represent a moderate risk, but also appears to be priced into the stock. Anyway, I may join you at PRCP although likely in a small way to start (like I really am a big ivestor anywhere .... haha).
VPF - I can be easily put off. In reading a couple of quarterly reviews in reverse order, it bothered me that in the press release from March 15, 2011 they wrote of their lower sales that "These results were in line with our expectations as we entered the current quarter with a firm backlog that was $261,000 lower than the prior year due to softness in our 2010 fourth quarter bookings". That would have been fine, but nowhere in the prior release did they bother to mention that the backlog was pitiful. In fact it looks like a number they typically provide in their release ... apparently, unless the number is pathetic. So, I'll pass on this one because of how management appears willing to skip over the negatives while emphasizing the good stuff. I much prefer how PRCP talked about their challenges on te CBU side.
Good luck with both investments and thanks again for pointing me in their direction.
Per the 2010 annual report "the payment of cash dividends or other distributions is
prohibited under the terms of Perceptron’s revolving credit agreement with its bank." Unless this has changed, it looks like dividends are unlikely in the near future.
OT Thanks Roboclerk - I've never heard of either Perceptron or Valpey Fisher, but will take a look at both.
Roboclerk - would you mind sharing the names of some other small companies that you are currently invested in?
Robo - Let me take this opportunity during your multi-day appropriate venting to thank you for all the analysis you have frequently provided on this micro-cap stock. Hopefully Mr. Hunter is merely diversifying his holdings and perhaps with the recent drop in the market saw some opportunities and needed to free up cash to make the investment. Unfortunately, with the minimal guidance that VIFL provides regarding their activities, one can only jump to one's own conclusions ... and for many it is safest to assume the worst.
I'm continuing to hold (not buying more), but with more concern than I had prior to our CEO's dumping.
Frustrating too, that it has run the stock below the $5 threshold that once again preclude the potential purchase by many mutual funds.
In the end, it will be earnings that will drive the price. I will wait and see if VIFL delivers on this end. If so, then the CEO's actions can be "forgiven" and will actually have provided a buying opp for some.
Fresh Market beats by $0.10, beats on revenue. Same store sales up by over 4%.
I'm not certain that there's a correlation with SunOpta, but I like to think that when these retailers with an organic / healthier food bent do well that it bodes well for SunOpta's performance.
Fresh Market symbol if TFM. I don't own the stock, nor have I researched it to any significant degree.
Last year, first quarter earnings were released on the 17th. In general, JVA earnings have been released between the 11th and 17th of the month (excluding year-end which obviously takes longer). Earnings should be out this week, but I wouldn't count on Yahoo or AOL having the right date on a closely-held small cap (micro?)stock
Clearly the $0.01 JUMP in price was directly related to the GMCR news. :) guess I was wrong on that one... but hopefully still right on JVA being a good long term investment. Just holding at the moment, but expect to increase holdings over the next year if the price does not move much and barring dramatic negative news.