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Hooker Furniture Corp. Message Board

saxangle 23 posts  |  Last Activity: May 19, 2012 12:45 PM Member since: May 27, 2011
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  • Fortunately, we don’t own any more Magic Jack stock and actually made money on it. I’m sorry I just can’t handle the bizarre way management treats their shareholders. I never buy reverse merger stocks but the story and product on this was so compelling. I’m not going to make any allegations here because bloggers have been getting sued left and right but let me say, I have to redo my checklist. There is a flaw in the process as there is no way to account for the possibility of fraud. Granted this possibility exists in almost any transaction. Magic Jack is no exception. Formerly one of the highest rated stocks we’ve seen, (http://saxangle.com/2012/04/call-magicjack-vocal-tec-ltd-snapshot/) we are now withdrawing our rating entirely. This is why:

    http://saxangle.com/2012/05/magic-jack-redux-call/

  • Reply to

    Wow,GTE

    by ONETYME99 Dec 19, 2011 6:36 PM
    saxangle saxangle Dec 20, 2011 12:44 PM Flag

    Regarding your link, Linda. Even if you assume they get $80 barrel net, and have production of 21,000 barrels per month, the annual gross revenues from Columbia are only $20.16 million. What am I doing wrong?

  • Reply to

    Small insider buy

    by tswenor7 Dec 19, 2011 1:14 PM
    saxangle saxangle Dec 20, 2011 1:39 AM Flag

    yes, you are right. The transaction purported to occur on 12-16 in the spouse's account of the chief legal officer, Hardy. Do you think he didn't want to do this in his own name or was just giving his wife an XMAS present? He could have at least checked the price chart. The stock never traded at his reported prices between $4.73 and $4.90. The high that day was $4.60. That's really besies the point since management sold over 100 times that amount two days before. It looks like a bad case of window dressing but they probably think no one is looking. After all read the filings.

    There are so many red flags with this company, it's hard to even know where to begin. The material change 8k filed last week now requires company to ship the oil to a port on the Pacific for the Colombian state controlled oil company. Considering one of the two graphics they use in their 10k is one of their pipeline infrastructure, you think this news could warrant something other than burying it an 8k. Then what else would you expect for a reverse merger Canadian goldmining company (used to be called Goldstrike) into a Nevada corporation doing business mainly in the most corrupt and crooked nation in the world, Colombia.

    The CFO that just seemed to disappear for a medical emergency has averaged about one year on his prior jobs. I guess they must have revenues becaue Deloitte Touche audits them. Then again who audited all of the reverse merger Nevada Chinese companies?

    Expect more insider selling, whether stock or options, they seem to find stock to sell.

  • I did some analysis of the company here and am interested in your opinions. I think Itron is a good global emerging market infrastructure play and is value priced. I'm not keen on the smart grid though.

    http://saxangle.com/2011/10/can-itron-rest…g-back-the-ceo/ ‎Edit

  • Reply to

    Gorilla Glass obsoletes their product

    by saxangle Oct 11, 2011 9:51 AM
    saxangle saxangle Oct 11, 2011 10:10 AM Flag

    I guess you are the type of investor that will buy snow from an eskimo. Good luck, you'll be needing it. I just base my observation on the fact that I've owned every iPhone and iPad and used to buy Zagg shields religiously. Starting with the iPhone 4, I haven't purchased one and leave my phone in my pocket all day with keys, change and all and never have a problem. I suppose you can scratch anything if you try hard enough except a diamond shield. That's next. Zagg is in the diamond business!

  • Gee haven't you noticed starting with iPhone 4 you don't need a screen protector any longer. Zagg's main product is obsoltete. They are sweating bullets. iPad uses Gorilla Glass too. Wake up, get out now while you can

    Gorilla glass is a monster for Corning Inc., GLW
    http://saxangle.com/2011/09/gorilla-glass-is-a-monster-for-corning-inc-glw/

  • Reply to

    Oh my, look at that

    by wjk65h78 Aug 12, 2011 5:35 AM
    saxangle saxangle Aug 12, 2011 12:34 PM Flag

    Talked to management just now. It was at least in part a margin call. Some crap. They don't even issue a press release but can do a $20 million dollar employeee retention program and a $200 million dollar buy back but don't bother to say well, our CEO got his stock blown out by a margin call. I would get rid of the stock except Wilbur Ross is one damn smart guy and he wouldn't be buying it to be part of a managment pump and dump

  • Reply to

    Oh my, look at that

    by wjk65h78 Aug 12, 2011 5:35 AM
    saxangle saxangle Aug 12, 2011 9:22 AM Flag

    What do you make of it?

  • Reply to

    Oh my, look at that

    by wjk65h78 Aug 12, 2011 5:35 AM
    saxangle saxangle Aug 12, 2011 8:07 AM Flag

    whats your idea. Didn't get his way, take his ball. Margin blown out like Aubry at CHK

  • Reply to

    ATPG beat estimate +$0.14

    by shixundan Aug 9, 2011 1:37 AM
    saxangle saxangle Aug 9, 2011 1:53 AM Flag

    JP Morgan who has a sell on the stock has the Q2 estimate at -$1.55 vs consenus $.32. Their CFPS esitate is $.07 vs consensu $1.32. I don't know how the market will react to earnings but the Company is now trading at levels in Summer 2010 when it seemed possible that deep ocean drilling in the Gulf of Mexico could be banned. WTI Oil is back to 2008 levels so it seems that much is factored in.

  • Reply to

    why is nav down today

    by techglass1 Jul 26, 2011 10:23 AM
    saxangle saxangle Jul 26, 2011 11:57 AM Flag

    gross overeaction to PCAR earnings miss which in and of itself wasn't so bad. I talked to NAV managment today. That's their opinion and there is no other news they are aware of.
    www.saxangle.com

  • This extract is taken directly from the 10k Is there a connection to the recent headline from the WSJ PetroVietnam Eyes Conoco’s Vietnam Assets?

    WAB-21, South China Sea

    General

    In December 1996, we acquired a petroleum contract with China National Offshore Oil Corporation (“CNOOC”) for the WAB-21 area. The WAB-21 petroleum contract covers 6.2 million acres in the South China Sea, with an option for an additional 1.25 million acres under certain circumstances, and lies within an area which is the subject of a border dispute between China and Socialist Republic of Vietnam (“Vietnam”). Vietnam has executed an agreement on a portion of the same offshore acreage with another company. The border dispute has lasted for many years, and there has been limited exploration and no development activity in the WAB-21 area due to the dispute. Although it is uncertain when or how this dispute will be resolved and under what terms the various countries and parties to the agreements may participate in the resolution, there has been a small increase in exploration activity in the area starting in 2009.

    For the complete post go here http://saxangle.com/2011/07/harvest-natural-resources-vp-buys-44600-shares-in-may-why/

  • Reply to

    A joke...

    by techstrategy Jun 24, 2011 4:34 PM
    saxangle saxangle Jun 24, 2011 11:30 PM Flag

    Balkanization, or Balkanisation, is a geopolitical term originally used to describe the process of fragmentation or division of a region or state into smaller regions or states that are often hostile or non-cooperative with each other..

    You need to look no further than a stock chart of Google or this unbelievably depressing Chart of the Day from the SAI Business Insider. Facebook’s Unbelievable Effect On The Rest Of The Web.

    Or for that matter the meteoric rise in price of LinkedIn’s IPO. When I first started an Internet company in 1994, the web held the promise of making the world accessible to everyone from their living room. Now it is turning it into silos of data and experience fenced off by proprietary applications with their cumbersome API’s. Facebook is designed more like a shopping mall with labyrinthine pathways constructed to confuse and capture rather than show you the way to your intended destination. Read on at

    http://saxangle.com/2011/06/this-is-whats-wrong-with-googles-stock/

  • Hooker Furniture- are you kidding me?

    http://saxangle.com/2011/06/hooker-furniture-are-you-kidding-me/

    Below book, no debt, 4.2% dividend, positive cash flow, insider buying, uh?

  • We had an opportunity to speak to management today. I'm not going to recap our entire conversation due to confidentiality reasons but these are my impressions.

    The rest of the year is pretty much coming in as expected. No big upside surprises nor downside disappointments.

    The real question is about whether Cirrus chips are in the upcoming Apple iPhone 5. My bet is that's a secret held close to the belt and NO imminent announcement is coming out.

    Cirrus is hiring a lot of engineers mostly to meet anticipated product demand, not for quality and control issues. Go to the saxangle.com for the rest of the conversation

    http://saxangle.com/2011/06/follow-up-on-cirrus-logic-conversation-with-managment/

  • We did a thorough analysis of Cirrus and we love this company. We do have a few unanswered questions.

    http://saxangle.com/2011/06/cirrus-logic-nailed-to-apples-cross/

  • http://saxangle.com/wp-admin/post.php?post=4357&action=edit

    I think this is highly likely.Intel stock has been less than stellar lately for two reasons. One was their ill-advised overpriced purchase of McAfee. More importantly is their apparent failure to dominate the low power consumption mobile chip market the way they have PCs. Apple computer doesn't use Intel processors inside the Ipad or their phones and there are rumors that the next AirBook could even have an ARM processor. Microsoft also has been cited as having next generation designs for their tablet product to include ARM processor compatibility. Analysts are worried that Intel is too late to the party with low power consumption alternatives to this market. This is in spite of the fact that Intel has publicly acknowledged dozens of design wins and product rollouts in the second half of 2011 that will contain Intel low power consumption microprocessors in tables and phones.

    What would it take Wall Street to believe this? This is a very simple question. It can only be one of three things right now. It has to be major design wins with either the Android camp or the Apple camp, or closer repeated wedding vows by Apple that it and Intel are two tight couples for life. Microsoft right now has lost credibility as a major competitor do their small mobile phone market share. I do believe that Windows tablets will give Apple a run for the money. More on that in another post, though. To understand this, though requires an understanding of Silicon Valley egos. I think I have a shot at this as the titan's spats are all so public.

    Apple hates Google. There is no question about that. The New York Times did a great piece of reporting on that March 10, 2010. Click here for a link to that article. Apple is not terribly fond of Nvidia either although it doesn't seem personal like the Google spat. Nvidia is widely engaged in making Android compatible processors.

    Apple hates Samsung now. Apple has been heavily dependent on Samsung for processors and other key parts of their products. With the release of the IPAD, Apple showed the results of its multi-year effort of building its own chips. The results were impressive. Samsung then promptly went about copying every product they made for Apple with their own versions or partnered with people who did. Apple's predictable response, they sued them. And most importantly Apple no longer trusts Samsung. And they shouldn't.

    Apple doesn't hate Microsoft anymore. If anything it feels sorry for them. Well, that might be a stretch. A forgotten fact is that Bill Gates saved Apple from possible extinction when they invested $150 million and committed to Office for Mac for another five years. Good article on this at ZD Net. But really what does this have to do with anything? It's simple, Apple is not threatened by the Wintel holy alliance any longer.

    Apple likes Intel. Apple must have a fond spot in its heart for Intel. After all Apple was resurrected by Job's fateful decision to abandon Motorola processors and go with Intel chips. But Intel's chips did not meet Apple's vision for the mobile Internet and they had to design their own. Now that Apple has found tremendous success with fabless design, they are not going to back away from it. But Intel has the best process control of any company manufacturing in the world. Intel is also investing in massive foundry capacity. Who's going to utilize this. Prepare yourself. Apple will make a major announcement that Intel will in the future build ALL the Apple designed chips. Who is left for Apple to trust? It has to be Intel.

    What do you think?


    Read the rest of the article at http://saxangle.com/wp-admin/post.php?post=4357&action=edit

  • Reply to

    Is there a future for MEMC?

    by saxangle May 28, 2011 1:48 AM
    saxangle saxangle May 28, 2011 11:19 PM Flag

    Being a successful trader and a successful blogger are two very different things. Yahoo message boards are great. I've been using them forever and I am interested in informed opinions. There are often some very good ones here along with some very funny comments. I've had some good laughs in trying times from Yahoo. I hope I can contribute.

HOFT
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