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IEC Electronics Corp. Message Board

salhem1 7 posts  |  Last Activity: Jun 9, 2014 10:23 AM Member since: Jun 23, 2000
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  • Been bearish on RFIL for awhile. But it's no longer an attractive short here. I'm even tempted to buy a few long! Next few quarters will be rough. But I think Q2 will be a little better than Q1, altho will still be an ugly comp vs. last year. Surprisingly, they kept the quarterly dividend at .07 this morning. Which is a good sign (unless they're dumb enough to keep paying a dividend much larger than earnings). Balance sheet is solid. The balance sheet & dividend should offer downside support. We may see $4 if Q2 is worse than Q1, but $5 is prob not a bad place to start buying. If (a big if maybe) revenues & earnings continue their gradual improvement, we could see RFIL back at $6-$8 by yearend.

  • Reply to

    What is a "significant multiple" ?

    by jm384200 May 29, 2014 1:16 PM
    salhem1 salhem1 May 29, 2014 1:31 PM Flag

    And what if it's a 5-10X multiple. That would be my definition of "significant". I'm surprised GV isn't soaring today. This looks like a game changer for them.

  • Reply to

    Nice beat on earnings

    by bathrobetrade4r May 13, 2014 7:42 AM
    salhem1 salhem1 May 13, 2014 1:13 PM Flag

    Um it's an income statement, not a balance sheet. And you're right about the acquisition related expenses. So earnings were .07. Stock is so cheap now!

    Ask yourself this. Why is VTNR cratering today if this earnings report is so impressive?

    Anyone buying this wildly inflated stock deserves to lose every penny.

  • Reply to

    Nice beat on earnings

    by bathrobetrade4r May 13, 2014 7:42 AM
    salhem1 salhem1 May 13, 2014 10:48 AM Flag

    Earnings estimates mean more than the actual earnings? Say what?? Keep telling yourself that. As you keep buying all the way back to $5. VTNR has seen a terrific pump job. Congrats. But don't fool yourself into thinking it's actually worth this much. Their margins are pitiful. They'll keep ramping revenues with the acquisition. But earnings will continue to be mediocre at best. VTNR does not deserve its current premium valuation. With earnings of .04 a quarter, we're talking a P/E of 50! Like I said, wish I could short this turd before it gets flushed.

  • Reply to

    Nice beat on earnings

    by bathrobetrade4r May 13, 2014 7:42 AM
    salhem1 salhem1 May 13, 2014 9:19 AM Flag

    Flawlessly?? Despite a 42% jump in revenues, earnings are LOWER than last year. .04 vs. .05. Stock was $3 back then when earnings were better. Ridiculously overvalued now. Too bad no short shares in the $8's.

  • Reply to

    Anyone still here?

    by salhem1 May 1, 2014 8:50 PM
    salhem1 salhem1 May 7, 2014 10:43 AM Flag

    Looks like they were mediocre. Still, not sure I would throw my shares away around $9. SEV still one of the few profitable growing stocks in the hybrid/EV market. This sector is going to see huge growth for years. SEV will benefit. JV in China is just getting started. Won't take much in the way of good news for this one to jump back to double digits.

  • Been several weeks without a post. Earnings next week. Anyone have any guesses? Seems like it should be a pretty good quarter. SEV sure looks like an underfollowed stock in a hot sector. But has been drifting lower lately. Not sure if someone got an early peek at mediocre earnings.

IEC
4.40+0.11(+2.56%)Jul 11 4:00 PMEDT

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