It's really stupid that PRCP trades w/all the other 3D stocks. It has a different valuation, does no manufacturing, has plenty of cash and no debt, and has maybe only one or two competitors. It's not even in the same business. Unfortunately, if Voxeljet, 3D, Exone, Stratasys and the rest of that group get hit w/another leg down due to bad press, a weak earnings quarter, a weak stock market, or shorts on the business channels, then PRCP probably sees a $10 price. Insiders are not buying. Institutions are not buying. It's dead for now.
Still think it can return to the recent high of $18.24 within the next three years and that is a good annual return, even better if it happens to fall to $10 first (22% per year appreciation plus whatever dividend they pay).
Not sure. The stock does look inexpensive. But if you are waiting on Congress to decide anything, especially anything necessary and worthwhile---well, you got a long wait. The Food Safety Bill took years and years to get approved. It was finally approved a year or more ago and will be like another three or four more years (after public comment, revision, re-vote, implementation and enforcement logistics) before it even has a chance of being implemented. A bunch of farms will end up being exempt (sound familiar e.g. Obamacare). Just one example. There are many others. By default a long term investment, but it should work out ultimately after a few bridge collapses and enough blown tires and alignments. Like nuclear waste cleanup (e.g. Hanford), you have to ultimately address the issue, but the toxic waste may have to leach into the clean rivers and well aquifers first. Off the soap box for now, good luck.
So just another good story low float nasdaq stock, too volatile and inconsistent destined to relative obscurity like so many others? Or is there some hope? They really need three or four good quarterly releases w/no hiccups or equivocation on forward guidance. I bet you agree w/that creed. It's the numbers, purely delivering the numbers, quarter in and quarter out.
So why is no one buying? Only two reasons. 1. Fear. 2. Because you think you can get it cheaper still due to someone else's....Fear.
because of Helix, that's over a 16% annual rate of return including the dividend, maybe close to 20% if the dividend is increased over time. And still no one will touch it. That's a great rate of return.
They have to advertise in a press release to get business for Micron Products. Don't have to do that if you are chock-a-block full w/business coming out your ears. Could it re-visit the $3s?
You sure were right about that. They ran like 10 fat men trying to get through a 3-foot wide exit door at the same time. Couldn't dump it fast enough.
because the offshore rig market is starting to crack. RIG looks awful. I expect a surplus offshore rigs in some regions could develop (particularly deep water) . Not a concern for 2-4 years for AWLCF, but sometimes these downturns run for a protracted period. Maybe AWLCF will get a chance to pick up another rig or two cheap.
You are both right in some regard. The housing/subprime crisis was born out of Democrats' doctrine that every American, no matter his income, job status, debt level should be allowed to own a home. They brow beat most banks (maybe Greenspan tacitly as well) to that agenda's end and the banks ran wild knowing the Democrats would forgo oversight as to whether loans were being made responsibly or not, so long as the mandate was fulfilled. Bush on the other hand net met a spending bill he didn't like or approve during a two-term administration.He spent like a drunken Democrat.
That's the right-headed analysis peter, directly from the last CC you are correct. One caveat, some of that expectation by management has to be predicated on the timely roll-out of some of that Helix order for the German manufacturer in March. Hopefully, the new CEO had some visibility re: the March delivery at the time of the CC. They cannot miss by a month, or even a few weeks, at least not to be able to bring home fiscal 3Q results.The market seems cautious to say the least. That may be opportunity knocking. I'll be watching call option volume the last week of April and first several days of May as a indicator of expectations for the 3Q results. I'll be watching put volume and pricing as well. After the last two quarters, the bias could be to buy protection just a few days ahead of earnings, if even one is "not worried about 3Q earnings". Unfortunately those options are not very liquid and I have little idea if they will look expensive or reasonable as regards premiums. It's just another thing to watch for clues.
Nice work, thx for the effort. Maybe we should focus more now on the new management's incentives. The new CFO is clearly underwater (out-of-the money) on his recently awarded options for 25,000 shares. The new CEO is in the money moderately for 100,000 shares. But after hypothetically paying the exercise price, and ordinary taxes on the difference between exercise price and market value marked to market as of today (and I think they only become exercisable over time so that's why I say hypothetically for valuation purposes only), it's not a huge pile of dough--not yet anyway. If new management does not deliver on 3Q and probably also 4Q eps, and the stock drifts lower still, they could both essentially be working for nothing more than salary for the 2014 year. Stock is where you accumulate measurable wealth, especially if you let the price appreciation grow and avoid taxes and exercise until near expiration of the option exercise period. And especially if you get options every year. New management has every incentive to hit good numbers out of the gate, their first full quarter on record. You never get a second chance to make a first impression, or establish credibility.
The COO is an issue. He sold half his stake in the company just ahead of the the March quarter close. It's that simple. Does that make you want to buy the stock ahead of earnings?
I'd be more optimistic than that. But this is clearly now in the company's hands to deliver or not. The backlog and order rates are there. It's all about execution. As you cite, they have a spotty record in that regard. Another earnings disappointment may put them in the deep freeze for a long time, so the March quarter is critical, an inflection point IMO. You can ignore SA in general, they are almost always "talking their positions" long or short. If they really liked it, they would be quiet and accumulating, not trying to buttress their case. They are usually setting up the "other side of the trade".