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hhgregg, Inc. Message Board

rogerabc100 72 posts  |  Last Activity: Sep 24, 2014 2:01 AM Member since: Nov 27, 2005
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  • I called yesterday and spoke with IR officer of Virnet (Phone: 775-548-1785). She referred me to recent PR documents for most of my questions. When I asked why Virnet does not request injunction in Europe until Apple stops infringing Virnet patents , she said that the company is considering this option. She said also that VHC is " about to release soon the course of future actions after last week setback". She also said that the recent 75% crash is "market overreaction"

    Please call Phone: 775-548-1785 and verify my post

  • The bulls believe VirnetX is setting itself up to be the next Qualcomm with patents, acquired from SAIC , which control secure communications between 4G mobile devices. An analyst at Cowen is in print saying he believes the patents could be valued more than $3 billion.

    google it

  • Wells Fargo analyst said today PT of $21-23. He knows the situation because his bank is one of 3 lenders of ESI
    ____________________________________________________________________

    "Among the Company, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and Wells Fargo, N.A., as documentation agent. Capitalized terms used in this Form 8-K and not defined herein have the meanings ascribed to such terms in the Credit Agreement."

  • 1) Minor "miss" but typical Wall Street games and manipulation being played to screw the retail investors.

    2) MCHX has very strong support at $4 levels since Feb 2013. Just look at the chart

    3) $6M less revenue in 2014 and no change in EBITDA and market cap down by $240M in 2 days? This is huge overreaction. Zero rationale to this type of overreaction

    4) MCHS stated today: Given the growth and progress with its other customers, such as Time Warner, Bridgestone, Dish Networks, and T-Mobile, the company is reiterating its prior outlook for 2014 EBITDA.

    5) The Company is also increased today its third quarter EBITDA outlook.

    6) Wall Street likes to screw as many people as they can to sell their shares in cheap so the Street can scoop up the cheap shares and resell them at a huge profit once they decide to reverse course and push the stock up.

    7) MCHX has strong growth, excellent prospects and plenty of cash while trading at 3 years low now.

    8) All fundamental parameters and chart indicate a strong buy at $4 and at cap of $320M

  • rogerabc100 rogerabc100 Sep 18, 2014 7:00 PM Flag

    I asked the IR officer Barbara on Monday why the process of restating financial statements is taking so long and she said because the process is very complex and they needed to ask SEC more questions about how to transfer the off balance sheet of PEAKs debt into their books. She said " it is not like plugging numbers in the old statements"

    Yet I don't understand why is taking them so much time. What they are doing every day from 8am to 5pm ?

  • Marchex Announces Pricing of Public Offering of 5,714,000 Shares of Class B Common Stock
    Business Wire Marchex, Inc.

    SEATTLE--(BUSINESS WIRE)--

    Marchex, Inc. (MCHX), a mobile advertising technology company, announced today the pricing of its underwritten public offering of 5,714,000 shares of Marchex's Class B common stock at a price to the public of $10.50 per share. The Company has agreed to sell 2,857,000 shares of its Class B common stock and certain existing shareholders have agreed to sell an additional 2,857,000 shares of its Class B common stock. Marchex has granted the underwriters a 30-day option to purchase up to an additional 514,100 shares of Class B common stock to cover over-allotments, if any, and the selling shareholders, collectively, have granted the underwriters a 30-day option to purchase up to an additional 343,000 shares of Class B common stock, in each case at the public offering price less the underwriting discount.

    Marchex intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions or licenses of, or investments in, products, services, technologies or other businesses. Marchex will not receive any of the proceeds from the sale of shares by the selling shareholders.

    Deutsche Bank Securities is acting as the lead book-running manager and representative of the underwriters for the offering. RBC Capital Markets and Piper Jaffray are acting as joint book-running managers. BMO Capital Markets and Stephens Inc. are co-managers for the offering.

  • Marchex and Google to Host Live Video Chat on Best Practices for Mobile Click-to-Call Ads

    Business Wire Marchex, Inc.

    Marchex, Inc. (MCHX), a mobile advertising technology company, will team up with Google next Wednesday for a Google Hangout session on how businesses can drive more calls from consumers who are constantly searching for products and services on their mobile phones.

    Marchex and Google will discuss call trends, call analytics, and general call strategy during the broadcast, and talk about additional insights from a white paper the two companies partnered on in May (find it here). The paper lays out why phone calls are now the most-desired outcome of digital advertising and highlights best practices on how advertisers can optimize click-to-call ads and grow sales over the phone.

    John Busby, SVP of the Marchex Institute, Marchex’s data and insights team, will share perspectives on the paper’s findings during the Hangout and answer any questions from participants.

    Busby will be joined on the panel by Google Product Manager Anurag Agrawal; Josh Aston, Senior Director of Online Marketing at Progrexion, a company that specializes in credit repair services; and Cameron Urry, Senior Interactive Marketing Manager at Extra Space Storage.

  • Unique opportunity
    Two years worth of gains washed down the drain, significant entry for anyone that was an easy entry price. I see a rally back to 6 before next year

  • Now at MC of below $300, maybe the time again for Google to try again to buy MCHC.

  • rogerabc100 rogerabc100 Sep 17, 2014 10:15 AM Flag

    ESI skyrockets on April 26, 2013 (Will we see a repeat of this? From $11.69 to $20 in one day)

    In the heart of a mediocre earnings season for public companies, Indianapolis-based firm ITT Educational Services Inc. on Thursday rode better-than-expected numbers for the first quarter to the top of the stock ticker.

    ITT Educational, which has been on a steady decline since a high of $125-plus in 2009, bounced back in a big way on Thursday as shares rose 30.5 percent, to $20. The for-profit education firm had recently hit a 52-week low of $11.69 per share.

    The firm actually saw profit and revenue drop dramatically in the first quarter as student enrollment continued to decline. But its performance still exceeded the expectations of analysts, leading to a rebound in its shares.

    The Carmel-based company said Thursday morning that it earned $31.1 million, or $1.33 per share, in the latest quarter, down 49 percent from the same period a year earlier. Revenue fell nearly 16 percent, to $287.7 million

  • Dan Fitzpatrick - EVP and CFO ( from Q1 transcript)

    Thank you, operator. Thanks everyone for your participation today, hopefully today’s additional disclosures provide you with some additional clarity, again we appreciate everybody’s understanding for our inability to speak to any of the accounting issues. We’re working extremely diligently to try to close the 2013 financials, complete the audit and get our 10-K filed and as soon we do we hope to provide some additional clarity around the accounting and also then provide potentially some internal goals and some guidance for you. Again thanks for your time today, and look forward to talking to you soon, thank you.

  • See Q1 transcript in Seeking Alpha
    _________________________________

    We would like to note that based upon our current estimates, we believe that we have sufficient cash and cash equivalents to fund our projected 2014 guarantee payments under the PEAKS Program and the 2009 RSA in working capital needs without having to borrow any additional amounts under our credit agreement even if the proposal sale leaseback transaction does not close. Of course were prepared to answer any additional questions related to the 2009 RSA and future cash payments that you may have in the Q&A session.

  • See the Q1/2014 transcript in seeking alpha
    ________________________________________________________
    Based upon the current projections including estimated default rates, student loan recoveries and the asset liability ratio requirements, we expect to pay approximately 116 million to the PEAKS Trust in the second to fourth quarters of 2014 related to our guarantee obligations. We believe that in 2014, the company’s leverage ratio will require that the PEAKS Trust maintain a higher asset liability ratio. In order to increase the PEAKS Trust asset-liability ratio in the required levels, we will need to pay additional amounts under the guarantee. These additional amount as well as potential payments related to the guarantee of the interest of senior debt and the fees and expenses in PEAKS Trust are the basis for the estimate that we will pay approximately $116 million in the second to fourth quarters of 2014. These projected levels of guaranteed payments will reduce the principal balance of the senior debt resulting in an estimated net balance of approximately $96 million as of December 31, 2014. We believe this lower outstanding principal balance would have the effective in reducing amount of interest payable on the senior notes that the senior debt and producing some of the fees of the PEAKS Trust and as a result we will reduce the amount of payment, that we would be required to make to the Trust.

    As a result we project that we will not be required to make any payments to the PEAKS Trust in 2015 to 2019 related to our guarantee obligations. We project that we will pay approximately $28 million to the PEAKS Trust in early 2020 related to our guarantee obligations primarily to pay off the balance of the PEAKS senior debt on the maturity date. Based upon the current estimates and after the projected payments that I just reviewed, the balance of the PEAKS senior debt will be zero on January 27, 2020.

  • rogerabc100 rogerabc100 Sep 5, 2014 10:29 AM Flag

    At this price there is way more realistic potential upside than there is downside. With 48% of float shorted, any good news, and there is potential for a lot of it in the coming 60-90 days, could send the stock on a major run

  • rogerabc100 rogerabc100 Sep 4, 2014 11:49 PM Flag

    200m cash plus 120m property minus worst case 100m debt equals at least $220m equity

  • At this price there is way more realistic potential upside than there is downside. With 48% of float shorted, any good news, and there is potential for a lot of it in the coming 60-90 days, could send the stock on a major run

  • rogerabc100 rogerabc100 Sep 4, 2014 10:16 AM Flag

    The for-profit sector can play a useful role in helping meet Mr. Obama’s goal of more higher education for more Americans. Not only do they account for 20 percent of the associate degrees granted in the United States but they also serve poor and working-class students who have little chance of entry into traditional higher education. Consider, for example, that 31 percent of the nation’s African American college graduates, and 28 percent of Hispanic graduates, came from for-profit schools in 2012-13 (the latest year for which data are available). The for-profit sector has shrunk under the weight of attacks of recent years, and over-stressed community colleges cannot fill the gap. If the gainful employment rules are promulgated as has been proposed, opportunities for non-traditional students are sure to become even more limited.

  • The delay in filing their financials is related to PEAKS program. ESI is working hard on receiving SEC guidance on how to account for PEAKS and then will be filing proper financial requirements are required by SEC. IR officer says filing should be this week

  • Mr. Modany began his career with a National accounting firm where he worked in the audit/financial consulting division and was consistently rated as one of the top performers in the local office. During his tenure he served as the Sr. Auditor In-Charge for the two largest audit engagements of the Pittsburgh office. Mr. Modany served as the Chairman of the Board of ITT Educational Services Inc. from February 1, 2008 to August 4, 2014 and as its Director from July 25, 2006 to August 4, 2014. He served as a Director of Cerebellum Software, Inc. from October 2000 to May 2002 and of USA Clean, LLC from October 1998 to September 2000. He obtained his Bachelor degree in Accounting (with additional program focus in Finance) from Robert Morris University (formerly Robert Morris College-Pittsburgh, PA) and is a Certified Public Accountant.

  • This deep fear of ESI investors is not funded

HGG
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