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Powerwave Technologies Inc. Message Board

rpschom 345 posts  |  Last Activity: Dec 21, 2014 10:06 AM Member since: Feb 5, 2009
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  • Reply to

    Fred: you are the man!

    by stinkydave98 Dec 18, 2014 4:01 PM
    rpschom rpschom Dec 21, 2014 10:06 AM Flag

    Shut up!

  • Reply to

    bottom forming?

    by vonerick1980 Dec 19, 2014 1:12 PM
    rpschom rpschom Dec 19, 2014 3:38 PM Flag

    Agree Von, very encouraging trading today on healthy volume. Looks like institutional buying, perhaps on valuation or news around the corner.

    Cheers to all longs.

    Sentiment: Strong Buy

  • rpschom by rpschom Dec 19, 2014 12:36 PM Flag

    This dip is being bought up nice and steady.
    Looking good for longs.

    Cheers

  • Reply to

    B T I G

    by rpschom Dec 18, 2014 9:34 AM
    rpschom rpschom Dec 18, 2014 11:38 AM Flag

    Bottom, I agree 100% with your post and I have thought the same on many many occasions.

    Business 101: Know what you are selling and your bottom line. What is your profit margin, loss percentage, etc etc. What do they do all day and week, year after year? Do they have internal evaluations and auditing? Where are their accountants and actuaries? To be honest, I believe many of the institutions were shocked by these recent developments and exited accordingly.

    These guys design the business, run the business, and evaluate the progress of the business. There are no excuses for this magnitude of miscalculation and judgement. Now they even need a third party to review and evaluate the entire enchilada to determine if they need dilution for continued survival. Of course, along the journey, give themselves huge bonuses and act surprised when the market cap drops by over 50%.

  • Reply to

    B T I G

    by rpschom Dec 18, 2014 9:34 AM
    rpschom rpschom Dec 18, 2014 10:32 AM Flag

    Good morning Joe,
    The carnage would most certainly be worse I believe, if the SPX were not up over 30 points. It will be interesting to see how price holds in a down day,

    My two cents, I am thinking similar to yourself, the institutions are waiting for results and actual numbers. Good reasoning IMO since after the last quarter's negative surprise, it is prudent to wait. Yes Palmer and others see value, which I agree to a point but the market will not favor kindly to another huge capital insufficiency.

    In the "Times Dispatch"---McInerery is quoted as the following:
    "While he said it is best to manage a company with a view toward long-term results, he also acknowledged that Genworth’s volatile stock value in recent years has been difficult for shareholders.
    “We probably need, in the next two or three years, to focus a lot more on shareholder value and shareholder returns because we haven’t done as good a job as we should have,” he said.

    IMO---not much feeling of urgency for the common shareholders.

    Cheers, cold and damp around these parts today

  • rpschom by rpschom Dec 18, 2014 9:34 AM Flag

    BTIG's Mark Palmer reiterates his Buy rating and $16 price target, saying the delay does not change his team's view of the outcome, i.e. that the market value that's been erased from Genworth since the LTC issues emerged more than reflects the impact on the company's valuation.

  • Reply to

    Why Not Work 24/7 To Get It Done In Dec?

    by fantasy_fb2002 Dec 17, 2014 5:59 PM
    rpschom rpschom Dec 17, 2014 7:57 PM Flag

    IF--the results were good, he would be more than happy to release the numbers into the end of the year. It would help recoup some of the recent carnage in loss of SP.

    IF--the results are bad or negative, a delay tactic (kick the can down the road) is the lesser of two evils for the interim time being. It will temporarily prevent a great many more negative headlines and perhaps another 30---50% loss in market cap---more if dilution is on the table. Perhaps now we lose another 10% or more additional.

    However, once the cat is out of the bag next year and if they are bad numbers----the market or street will be twice as brutal. Of course, he will just say it is a over reaction.
    I really believe the institutions do not trust him or his MO.

  • Reply to

    Here we go again ...

    by joeschmo_4 Dec 17, 2014 5:28 PM
    rpschom rpschom Dec 17, 2014 6:34 PM Flag

    This is also down to a "management trust" issue, IMO for many of the reasons you mention Joe.
    McInerery has little to zero connection to how the institutions or the street, view his massive negative capital bomb announcements, delays and then further delays. If anything, many will consider this present delay as a prelude to further horrible results, that will require dilution. Reputable analysts are predicting just such. Further, it is not like GNW pays a handsome dividend to shareholders while they wait for management to sort out their previous poor decisions and gross loss.
    Those that already bought, would be smart to sell and if the results are better than anticipated re buy later, from more sound fundamentals----if that is the case. If not---short or run.
    At this point, anticipating SP support is guessing, IMO. I would be really surprised to see seven hold.

  • Reply to

    Here we go again ...

    by joeschmo_4 Dec 17, 2014 5:28 PM
    rpschom rpschom Dec 17, 2014 5:49 PM Flag

    Merry Christmas announcement from Mr M.
    What GNW does not need is more LTC capital uncertainty and unanswered questions----including delays for whatever reasons. McInerery should be fully aware of the repercussions.
    I am afraid this will only be construed as a negative and from the previous LTC capital insufficiencies effect, many will opt for a sidelines, wait and see approach. Good reasoning, IMO.

    If McInerery disappoints Ken Griffin, it will be analogous to the Frazier/Steve Eisman stand off at the CC in 2010. Griffin will short this stock back to four dollars to make up his loss in the long position.

  • Reply to

    citadel llc

    by vonerick1980 Dec 17, 2014 4:00 PM
    rpschom rpschom Dec 17, 2014 4:42 PM Flag

    Good info Von, thanks much.
    Cheers

    Sentiment: Strong Buy

  • rpschom rpschom Dec 17, 2014 10:20 AM Flag

    Your analysis is both correct and helpful to sort out the forest from the trees in this storm Lishe.

    What one needs to focus on presently is the future of the company, the potential and the numbers---not this bear raid from bashing analysts that write and publish to support their employers short postions. These short institutions want this down as cheap as they can get it to both cover and convert to long positions, for a long run up in this sector and company. They have both the money and time to wait---in no hurry as they think differently than us little retail. They did the same with BAC AIG HIG CNO and a plethora of other equities in the financial meltdown. No different today.

    We will know when they switch gears to forward as their writing will all be positive. My guess---we are nearing a turn in sentiment soon from this latest bash and trash report. They will never ever say when they go long.
    GL

    Sentiment: Strong Buy

  • Reply to

    Some Action on BL is Coming....

    by vipinkot47 Dec 15, 2014 1:50 PM
    rpschom rpschom Dec 15, 2014 3:22 PM Flag

    There needs to be definitive decisions, taken to complete closure with clarity from management----hopefully showing a positive impact moving forward. That will be the stimulus for shorts to cover and new buyers to step up.
    Until that time, this is the present trade as we see it today. No one knows where this will reside in SP. Just minimal short term buyers on thin volume with a mega weight of naked short sellers.
    Only consolation is that we are not alone----the entire material sector is in the gutter.
    GL

  • Reply to

    Speculation about Nucor deal in BL

    by lishe235 Dec 15, 2014 8:56 AM
    rpschom rpschom Dec 15, 2014 9:58 AM Flag

    Excellent synopsis Lishe.
    Thanks.

    Sentiment: Strong Buy

  • Reply to

    Low volume

    by sleestack76 Dec 10, 2014 10:03 AM
    rpschom rpschom Dec 13, 2014 8:05 AM Flag

    Agree, on the SP action. The big players use this as a cash cow for their option premiums while being able to control the float through their long and short positions. Never fun to witness but it is real.
    Best we can do is sell options while we wait and take advantage of their wake (so to speak), IMO.

    A share buyback at those SP levels is a gift for management and should be accomplished.
    GL

    Sentiment: Strong Buy

  • Reply to

    Strange

    by successprosperityconsciousness Dec 10, 2014 7:21 PM
    rpschom rpschom Dec 12, 2014 3:06 PM Flag

    Hey Success, hope all is well.
    IMO several issues presently.
    One is the entire market is a in a slight retrace mode prior to a Christmas rally that will be beginning in a few days. CNO is easily traded up or down quickly a dollar or two from the size of it's float and daily trading volume. Perhaps management uses this to their advantage to buy back more shares cheaper. Either way it is the nature of the beast.
    Two, I would NOT compare CNO with GNW---regardless of BV. GNW has LTC capital questions and possible dilution in the future (at least speculating) and as such has been severely discounted and remains in the doldrums until management can prove otherwise. Institutions will stay clear until those issues are known, IMO.
    Three, management in CNO is on top of their game. Buybacks are great and the dividend is helpful while we wait.
    No one know the future for 2015 but this oil short will end at some point. There will be far more money to be made in the opposite direction. Presently it appears an overall drag on most all equities and commodities.

    Cheers to you and all fellow longs.

    Sentiment: Strong Buy

  • Reply to

    My kid

    by qtrnomore Dec 12, 2014 10:52 AM
    rpschom rpschom Dec 12, 2014 1:08 PM Flag

    Tashkent State Institute of Law is your go-to source.

    Photius Coutsoukis is the go-to man with the Uzbekistan government that will get Malum initiated and through the proper channels into the university.
    When receiving his law textbooks, he will at that time provide Malum with a loner AK-47 and necessary ammunition .

  • Reply to

    here are the facts from Q3

    by lishe235 Dec 12, 2014 9:31 AM
    rpschom rpschom Dec 12, 2014 12:13 PM Flag

    Good to have you on board Stein.
    Expect some volatility and rough waters on this ship but longer term, I am positive.

    Sentiment: Strong Buy

  • Reply to

    here are the facts from Q3

    by lishe235 Dec 12, 2014 9:31 AM
    rpschom rpschom Dec 12, 2014 11:36 AM Flag

    Agree completely Lishe, excellent post.
    When one invests in a stock such as CLF as in these present times, we must focus on the fundamentals and facts, leaving emotions and the daily ticker gyrations on the sidelines. The heavy short interest and collaborating swiftly fluctuating commodity prices, including that of oil---will otherwise cloud one's viewpoint and perhaps even underlying sanity.

    I am thinking longer term. I like and have confidence in LG's overall game plan and believe CLF will flourish. Capturing the bottom from this institutional short push is secondary and IMO almost impossible.

    From an analogy viewpoint in the financial crisis, I bought quite a few good financial equitiesthat were at ridiculously low prices. All the same negative media articles were in full force at that time as the present. Though most were not at the bottom barrel SP, I held for a period of time through volatility and at a non realized loss. They produced terrific unheard of gains from a longer term standpoint. I expect CLF to produce the same when the tide or pendulum turns the other direction. It almost always does and these present levels are "dirt cheap", IMO.

    Cheers and thanks again.

    Sentiment: Strong Buy

  • Reply to

    Market Irrationality

    by rpschom Dec 10, 2014 12:59 PM
    rpschom rpschom Dec 12, 2014 10:18 AM Flag

    Excellent posts, agree completely.
    Cheers.

    Sentiment: Strong Buy

  • Reply to

    here are the facts from Q3

    by lishe235 Dec 12, 2014 9:31 AM
    rpschom rpschom Dec 12, 2014 9:40 AM Flag

    Thanks for your excellent board contributions Lishe, very appreciated.

    Sentiment: Strong Buy

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