Recent

% | $
Quotes you view appear here for quick access.

American Superconductor Corporation Message Board

se_tex_guy 24 posts  |  Last Activity: Mar 12, 2015 11:30 AM Member since: Jan 11, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Webcast is a dud

    by titaniumsandwedge Mar 12, 2015 10:55 AM
    se_tex_guy se_tex_guy Mar 12, 2015 11:30 AM Flag

    Thanks for the information. So, they have abandoned their claim the labs 60 minutes labs were faulty? That was the issue yesterday with the long hedge fund manager.

  • Reply to

    Liability

    by coldstoli Mar 11, 2015 2:34 PM
    se_tex_guy se_tex_guy Mar 11, 2015 2:52 PM Flag

    Not saying they will go bankrupt or not. But, with the facts on hand, I would be surprised to see it trade to a premium to their book. It nay seek Chapter 11, but it could survive, it will be close. I will ignore your remark about rogue vs. rouge; it serves as a distraction to the subject at hand.

    Sentiment: Strong Sell

  • Reply to

    Laminate Flooring 38% of net sales in 2014

    by se_tex_guy Mar 11, 2015 2:34 PM
    se_tex_guy se_tex_guy Mar 11, 2015 2:47 PM Flag

    False labeling is against the law. Or were you not aware of that?

  • Reply to

    Liability

    by coldstoli Mar 11, 2015 2:34 PM
    se_tex_guy se_tex_guy Mar 11, 2015 2:40 PM Flag

    So, LL will go "rouge" with their testing methods, regardless of CARB2 requirements and just label the flooring CARB2 and everything is okay? Only an attorney could see no wrong in this.

    Sentiment: Strong Sell

  • [i] Lumber Liquidators (LL) has stated that it had "over 620,000 customer transactions" in 2014 alone. LL also states that Laminate, Bamboo, Cork, and Vinyl Plank together accounted for 38% of net sales in 2014. In previous years, LL also disclosed that laminates were 22%, 23%, and 21% of net sales in 2012, 2011, and 2010, respectively. Source: Lumber Liquidators Holdings, Inc. SEC filings

  • Lumber Liquidators has criticized the CARB test method, but that industry argument has long since been rejected by CARB. CARB's official legislative history from 2007 states:
    From PRN

    "Yes it is correct that finished products must be deconstructed to test for compliance. But, we disagree that there is great uncertainty in the enforcement program. Deconstructive testing is needed for finished goods to verify compliance with the emission standards. We are currently developing the sample preparation and testing protocols that we will use to enforce the ATCM (see page 127 of the ISOR). The sample preparation and emission testing protocol we use to enforce the ATCM will be technically sound and will be more than adequate to identify non-compliant composite wood products found in finished goods for California.[v]

    Although Lumber Liquidators says it has done testing, it does not say that it has performed deconstructive testing.

    The company also posted a chart of "Fiberboard Core Testing" on its website. If these tests were performed by "Third Party Certifiers" (TPCs)[vi] in China, it would only indicate that the core manufacturer is capable of producing CARB-compliant cores – not that the cores used in Lumber Liquidators' products are actually CARB compliant. As noted by 60 Minutes, "[e]mployees at the mills openly admitted that they use core boards with higher levels of formaldehyde to make Lumber Liquidators laminates…they also admitted falsely labeling the company's laminate flooring as CARB2". In addition, TPCs sometimes conduct testing on pre-scheduled dates (rather like announcing the location of highway "speed traps.") Therefore, TPC tests do not, and cannot, prove that all of Lumber Liquidators' Chinese-made products sold in the United States comply with CARB standards. Lumber Liquidators has acknowledged as much in a public court filing:"

    Also:
    "[i] Lumber Liquidators (LL) has stated that it had "over 620,000 customer transactions" in 2014 alone. LL also

    Sentiment: Strong Sell

  • The operative word is "might"
    From the Fox Business:
    ":One hedge fund executive said he came to this conclusion after talking to the testing lab to determine the company might be following the law when conducting it’s testing.

    A spokesman for HPVA Laboratories, the company “60 Minutes” used to test the flooring, did not return an immediate call for comment. But people at the lab believe that the “60 Minutes” testing was done correctly."

    Sentiment: Strong Sell

  • se_tex_guy se_tex_guy Mar 10, 2015 4:13 PM Flag

    This is still a fact. Will LL claim CARB does not apply to them. The CARB testing is very well laid out for any competent lab to run the test. Listen closely to what they claim...the lab had no experience or the lab did not run the test correctly.

    Sentiment: Strong Sell

  • se_tex_guy se_tex_guy Mar 10, 2015 4:05 PM Flag

    Blackrock loses on some investments. Note. they lost 50% on 2.6 million. And, a 130k increase in their position is ....how do you say it..timid. Plus, look at the results of their last CC.

  • Reply to

    BlackRock's Ammended SC 13G

    by justgabekotter Mar 10, 2015 12:10 PM
    se_tex_guy se_tex_guy Mar 10, 2015 12:52 PM Flag

    Hmm...Blackrock loses on some investments. Note. they lost 50% on 2.6 million. And, a 130k increase in their position is ....how do you say it..timid.

    Sentiment: Strong Sell

  • se_tex_guy by se_tex_guy Mar 10, 2015 9:59 AM Flag

    LL will talk about it. All is good. No problem here. All a misunderstanding.

    Sentiment: Strong Sell

  • Reply to

    Just bought 5k shares in the 29's

    by kennyjcal Mar 9, 2015 12:44 PM
    se_tex_guy se_tex_guy Mar 9, 2015 12:47 PM Flag

    Those millions of shares bought above 33 are closing their position.

  • Reply to

    Another Wow moment....

    by se_tex_guy Mar 6, 2015 4:02 PM
    se_tex_guy se_tex_guy Mar 6, 2015 4:18 PM Flag

    Also, the timing of the report 1/2 hours before the close...I believe sucked some into buying. When they put their thinking caps on, I am sure they will feel hoodwinked.

  • Reply to

    Another Wow moment....

    by se_tex_guy Mar 6, 2015 4:02 PM
    se_tex_guy se_tex_guy Mar 6, 2015 4:12 PM Flag

    I mentioned this in a prior post, but All suppliers would be wise to demand COD for future deliveries.

  • se_tex_guy by se_tex_guy Mar 6, 2015 4:02 PM Flag

    Here are the highlights The Street assigns a buy rating for LL:
    Highlights from the analysis by TheStreet Ratings Team goes as follows:
    ◾Despite its growing revenue, the company underperformed as compared with the industry average of 13.5%. Since the same quarter one year prior, revenues slightly increased by 4.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
    ◾LL has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.09 is very weak and demonstrates a lack of ability to pay short-term obligations.
    ◾39.15% is the gross profit margin for LUMBER LIQUIDATORS HLDGS INC which we consider to be strong. Regardless of LL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.91% trails the industry average.
    ◾LUMBER LIQUIDATORS HLDGS INC's earnings per share declined by 20.5% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, LUMBER LIQUIDATORS HLDGS INC increased its bottom line by earning $2.77 versus $1.68 in the prior year. For the next year, the market is expecting a contraction of 3.2% in earnings ($2.68 versus $2.77).

    Does anyone see anything positive with this? How about a reserve for liability due to the current situation.

    Sentiment: Strong Sell

  • se_tex_guy se_tex_guy Mar 6, 2015 11:45 AM Flag

    It will go below book....soon Bk = 12 and change

  • se_tex_guy se_tex_guy Mar 6, 2015 11:43 AM Flag

    with all the news ...this may be lost in the details. Unlimited liability is at hand. Gov Fines, Actual Damages and Punitive Damages will be overwhelming.

  • Per Matt Townsend at Bloomberg....

    "Government Case
    Lumber Liquidators gave an update on the case last week, when it said that the Department of Justice may file criminal charges stemming from an inquiry that began in 2013. The company expects to be charged with a misdemeanor or felony in connection with the case, Daniel Terrell, the chief financial officer, said on a conference call."

  • Reply to

    Lowes - Home Depot takeover

    by robsakal Mar 6, 2015 9:44 AM
    se_tex_guy se_tex_guy Mar 6, 2015 10:34 AM Flag

    book is still about 3 times Market Cap. The market cap was based on increased profits which are history. Lowes and Home Depot would not touch LL under the current cloud.

  • Reply to

    L.L To file Bankruptcy

    by amohr23cubs Mar 6, 2015 9:36 AM
    se_tex_guy se_tex_guy Mar 6, 2015 10:19 AM Flag

    Suppliers will demand COD ....

AMSC
6.64+0.17(+2.63%)May 1 4:00 PMEDT