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Intuit Inc. Message Board

roboklerk 98 posts  |  Last Activity: 3 hours ago Member since: Feb 2, 2009
  • and that is only for 2015. Mercedes also now in the cross hairs. They better get PRCP sold quickly. Tick tock.

  • roboklerk roboklerk Apr 21, 2016 2:50 PM Flag

    If they don't sell it, the whole company will be gone within about two years IMO.

  • roboklerk roboklerk Apr 21, 2016 2:48 PM Flag

    If Moab were not buying, although technically I think a big chunk of the shares they added were put to them at above market prices, I shudder to think where the stock would be trading. With this management team and BOD in place, the shares are still overvalued. We should see new 52-lows soon as the exit before May 10 continues. Customers could begin diversifying their supplier risk away from PRCP, at least partially. Then you have to wonder if PRCP will lower prices to try and retain market share. Although w/a significant quarterly trend of negative cash flow let alone net losses, it is hard to imagine they can lower prices much w/o a total company meltdown. Look for another round of cost cuts.

  • roboklerk roboklerk Apr 21, 2016 11:37 AM Flag

    They need to sell the entire company, or the technology, quicker than management and the BOD can destroy it. The race is on.

  • roboklerk roboklerk Apr 21, 2016 11:12 AM Flag

    BTW, while Moab did buy some stock I believe much of what they added was put to them at above market prices. Without Moab's open market purchases, I would shudder at what the price of PRCP might truly be. Nobody is touching this ahead of earnings on May 10. This is a disaster.

  • Reply to

    From $7.49 to $4.89 Since Marz Is CEO

    by roboklerk Apr 19, 2016 9:30 AM
    roboklerk roboklerk Apr 20, 2016 7:12 PM Flag

    It may be the worst run company in all corporate America. And yes, it is run by pocket liners, not value enhancers. Their legacy is one of failure and lack of oversight. As a shareholder you can take a hit and if you are diversified the pain is minimized, plus you get a tax loss. I do feel bad for the employees. They probably don't even see what is coming.

  • Guess Mr. Marz isn't listening to the Market's message. Far from a rousing endorsement of his assumption of the CEO position On Jan. 26, the Market is saying his company could now be finished. Some guys just don't pay attention when shareholders issue a mandate. Oh well, guess the market will have to try a little harder--down she goes.

  • Reply to

    Talk About Paper Tigers, How About the BOD

    by roboklerk Apr 15, 2016 7:36 PM
    roboklerk roboklerk Apr 16, 2016 12:00 PM Flag

    Thanks for reminding me of that small, and likely only temporary, concession. Notwithstanding that, these guys have squandered millions of dollars on collective BOD compensation over the years w/o enhancing shareholder value (rather likely destroying it), executive search costs for executives that leave within a year or two, cash severance costs for those same executives who now do nothing for the company, PR fees, and in the latest affront, proxy defense fees and travel expense fees to defend their record of mind-numbing under performance through the years to their large institutional holders. The institutional holders re-elected them to the Board in November -- so I would bet if any of management, the BOD, or the largest institutional holders were to take a hypothetical Wecshler IQ test for business intelligence, the scores would range from about 85-90.

  • Each of those guys makes a little under $100K per year in total compensation as a director. That's a lot of money to pay for a fossil. That's a lot of money to pay for decades of nonperformance. That's a lot of money to pay for entrenchment. That's a lot of money to pay for a company that cannot fight its way out of negative cash flow generation. If Tarantino made a movie about that group he would have had to call it The Hateful Seven.

  • Reply to

    Paper Tigers

    by syng144 Apr 6, 2016 3:22 PM
    roboklerk roboklerk Apr 15, 2016 4:32 PM Flag

    Waiting on Moab is like waiting for Godot. Moab ain't gonna save anybody's rear. I would be surprised if PRCP even exists in 2018. It has completely fallen apart. There is a leadership vacuum. Where is the head of technology, the head of operations, a real CEO? The strongest link in the executive chain is the CFO who has been there seven months. Geezus. I mean Geezus.

  • Reply to

    Back Under $5, Feels Very Heavy

    by roboklerk Apr 14, 2016 1:09 PM
    roboklerk roboklerk Apr 15, 2016 4:15 PM Flag

    The stock is currently in save-what-you-can mode.

  • Reply to

    Back Under $5, Feels Very Heavy

    by roboklerk Apr 14, 2016 1:09 PM
    roboklerk roboklerk Apr 15, 2016 4:03 PM Flag

    Look for the selling to accelerate as we get closer to the May 10 earnings report date.

  • w/the last few trades on the sell side bias coming on bigger volume. Given that, it just feels like a continuous institutional unwind and still perhaps a standing order to liquidate or pare a position ahead of the earnings release on May 10. What fund Stock Selection Committee would not recommend reducing exposure ahead of that report? When was the last time the company had a good report? When was the last time the analysts were even somewhat close in their expectations? Buckle up.

  • Reply to

    No one looking to sell

    by barryzebo45 Apr 12, 2016 3:40 PM
    roboklerk roboklerk Apr 14, 2016 10:09 AM Flag

    credit where credit is due pinky. you have had a great trading call on this one--- the $5 to $5.50 range w/shares likely being sold near the high end of the range and then a dip below $5 before further buying as I recall. I'm not a trader but that was a nice call given all the excitement over Moab's dissident stance and initial optimism w/what they might accomplish. If Moab cannot pull off a BOD change w/such a small company, such low inside ownership, and such a horrible track record of BOD oversight and management performance---it will really show they are not players but posers. This should have been a relatively easy shareholder coup all things considered. It's early for sure, but to let that March quarterly result be released before filing a proxy challenge is unwise. I think the quarter will be horrible. The analysts estimates are always far too optimistic, usually by orders of magnitude. I think you have a combination of operating losses and nonrecurring charges, BWDIK. I still maintain this company is being held together by duct tape, nothing more. I do think the technology is quite valuable.

  • Reply to

    Steer Clear of Companies Run by Consultants

    by roboklerk Apr 13, 2016 4:18 PM
    roboklerk roboklerk Apr 13, 2016 4:20 PM Flag

    what a horrific quarter, absolutely horrific.

  • lawyers and members of the Board. When it gets to that point, well it's like a frog being boiled slowly in water, it's already dead and doesn't realize it. Just waiting for at least one institutional exit now. May have started today. If SMIT could sell the working capital and technology and facilities combined for about $10 million cash in aggregate and distribute $3.33 per share to shareholders---that would be quite a victory. More likely it just fades away over the next couple years w/annual revenues in the single digit millions of dollars. The BOD and management appear to be allowing the unwind to just run its course. They can do nothing to stimulate top line growth. It's down to breakup value now.

  • Reply to

    No one looking to sell

    by barryzebo45 Apr 12, 2016 3:40 PM
    roboklerk roboklerk Apr 13, 2016 4:00 PM Flag

    I expect some PMs to de-risk from this position all the way into the earnings report on May 10, perhaps w/more urgency (i.e., volume) as that date gets closer. There is little chance of any good news coming fundamentally. Generically speaking, I bet China was awful as regards manufacturing in the March quarter--just watch all the different companies' earnings announcements over the next few weeks w/exposure there. Beyond that, VW has bigger fish to fry than worrying about timing of metrology installation--gotta believe much is on hold there and at all the auto companies it owns. This smells like an epic fail that the BOD and insiders are willing to ride all the way down. Only hope is a take out. What are the technology and patents worth? I put no value on the backlog or order book as I have no faith in the margins embedded therein. The company is buried in a negative cash flow situation. Cost cuts alone can't save them, only delay the outcome.

  • Reply to

    No one looking to sell

    by barryzebo45 Apr 12, 2016 3:40 PM
    roboklerk roboklerk Apr 13, 2016 10:48 AM Flag

    that's not even considering there exits no management infrastructure in place to run the company.

  • Reply to

    No one looking to sell

    by barryzebo45 Apr 12, 2016 3:40 PM
    roboklerk roboklerk Apr 13, 2016 10:44 AM Flag

    The business model is flawed from the get-go. The company is far too small and far too financially illiquid to exist as a standalone. It belongs as a division of a larger company in 3D metrology.

  • Reply to

    No one looking to sell

    by barryzebo45 Apr 12, 2016 3:40 PM
    roboklerk roboklerk Apr 13, 2016 10:37 AM Flag

    Selling above $5 will likely continue. The company still has considerable risk of not surviving. It has not produced positive cash flow from operations in a very long time. It is being run by a consultant and CFO seven months on the job. That's it. Moab may not have the juice to effect event driven change. We are not talking about Icahn our Singer spearheading the effort. If we were, it would be well on its way.

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