Just got the white card. Marked the second box opposite to what they wanted checked.
If nothing else the PPS has come up from 15, maybe we will see 40 when this is over.
Obviously you haven't followed CWH from the beginning and see that the Porkeys knew what they were doing at the expense of the shareholders, because we have been raped by them. The PPS from almost the beginning tells the story. You would have been better informed to find some of the dirty RMR tricks that were hidden in the footnotes of the Income statements. Some of these Board contributors can tell you enough to make you throw up.
I have followed SPH since they went public at 18, but decided to stay away then and started buying after coming down from 55. I think their problem is execution by mgmt., especially when they try to expand. They bought an oil and gas distributor many years ago (Agway?). It took them 3-5 years to integrate them into their business with a comedy of errors. It might be the same problem this time with the INRGY purchase. The numbers they are showing after almost 2 years seem to back that up. However, long term they have shown good dividends,
I'm starting to be disappointed with this puppy. What the analysts say for beating it down (bad weather, high propane prices, competition, etc.) are all excuses IMO, because these would be common to their competitors. Something is going on about which we don't know and Wall St. is aware of. This is what's wrong with the Stock market The little investor is last to know the good, the bad, and the ugly.
Don't get it. Zell is the chairman to be and is bad mouthing his own interests? You may have misread his remarks.
Just keep your powder dry and wait for 22 or so. they can't afford the distribution, but they sure can buy more businesses. I think they are gambling big time.
If it wasn't raised by the analysts or mgmt. then you can assume that the answer is not pleasant. It may be a degree of uncertainty about it that kept their mouths shut. The sharp drop in PPS should be a clue.
I hope you are right because at that price I will unload the little I have and pick it up again when their real problems come out.
My experience has shown that the PPS is artificially increased by market makers and underwriters to give the SPO an advantage. It usually backs off the high when the new shares are floated. We may be seeing the prelude to all this. Not a good time to pick up new shares IMHO. GLTA
Drop of PPS may be a reflection that mgmt. has screwed up the INRGY purchase. Revenues have increased, but net profit has not. IMO they may have lost some portion of the new customer base to give 0 profit on the new revenues. Any thoughts?
Let me take a guess.
He bought into NUAN so he could sell it to GOOGLE at a hefty profit, but he found that he doesn't have the muscle to do it because Ricci is in his way. Kurzweil is working out the other end.
Soooo, plan B: He signs a deal with Ricci and give him time to round up outside support for more share votes, so that he can kick out the Board or get them to agree on the sale. If he can pull this off, a $30-35 price is in the bag to double his money. Not bad for a day's work. I see why he put his stooges on the Board.
You may have caught a falling knife. This thing has more to go south and don't be surprised if they lower the distribution on the way down, because their DCF has not been good. Like some others, I'm in no rush to buy until I see some settling.
My only point was that if I were to double up I would wait until the PPS is at a much lower level, betting that their promises are for real. Sizing them up at this point is very dicey IMO. What turns me negative is that they didn't have to buy and expand so much to cause serious business constipation as they have done. We can all agree that CLMT has some serious issues and challenges at this time.
CLMT went on a buy binge and expansion program much beyond their capability. Now their are paying the price of showing losses and give rosy outlooks. Not very good mgmt. on the part of investors IMO.
Loss reported -(.27) vs. analyst estimate of + (.06)
Big miss IMO and nothing but bright promises for the future. That's the classic report by any mgmt. in trouble.
From my point of view you can expect more borrowing to pay the $2.74 dist. or more dilution. Take your pick. That's why I expect the PPS to dip 20-30% and stay there until they show some solid results. or lowering the Distribution, or a mix of the 2. It will be a long time before we see this stock go over 30. GLTA