I was reminded that Digirad is moving from California to PESI's home in Atlanta. According to 2/28/13 8-K, "Digirad's headquarters will move to Atlanta, GA from Poway, CA in order to reduce costs and better align with the Company's new strategic focus going forward."
Seems like Climaco's joining the PESI board is more than a coincidence given the move and likely connection between Digirad's digital imaging business (its strategic focus) and PESI's radioisotope production technology.
Not sure what that means except that perhaps we'll hear more news about PESI's prospects in this area over the next year.
CEO set the bar pretty high for 3Q, 4Q, and beyond with his up-beat commentary following dismal 2Q results. Could indeed be in for real trouble if sales downtrend continues unabated, recent CEO and CFO share purchases notwithstanding. Rhetoric is wearing thin . . .
Washington does it again. Future housing numbers will look even worse without fire hydrants to facilitate development approvals. What was it thinking with this regulation knowing that water systems will err on the side of caution? How much lead, if any exists at all, circulates out of hydrant laterals and back into water system pipes? If it is concerned about hydrants opened for summer bathing or emergency transfer purposes, use education to deter consumption. Hope it drops another 5% today.
Just curious how you found the filing TIME. Was this based on an alert you received from sec.gov or another website? Many thanks.
Probably nothing. Taking back the "sneak" comment for now -- unless and until co. reveals a reason for filing that is something other than rounding up to $50M in conjunction with replacement of previous shelf registration, which was set to expire after 3 years. Expect a bounce back to above $0.40 on Monday.
Got the impression that they were targeting $4.6M subject only to regulatory approval. Co. seemed to be indicating that this year would be a one-time event where they couldn't support $0.24/share dividend from earnings. Hope it's right.
(89 percent and 54 percent premiums for dgica would put its trade price at $27.55 and $22.45, respectively)
According to Reuters, average premium is 14 percent for 94 companies in prop. and cas. insurance industry. Two-thirds of the companies exhibit a premium. Average premiums for 39 companies with higher premiums than dgica is 89 percent and median is 54 percent.
For now, but what about the Mexico project's impact on its debt, and will the company need to issue equity to help pay for the plant?
Also, the Mexico project will involve quite a difference in scale -- moving from facilities with 100K-gallon capacities to one planned for 100 mgd. Interesting to hear them switch gears in their discussion from supplying individual 60- or 250-unit complexes to municipalities seeking multi million-gallon purchases. Hope CWCO is up to the challenge.
Apparently they're not good. But one has to wonder whether the clobbering over an earnings miss that is largely attributed (although not totally) to an abnormally large amount of rainfall is justified. Price just got ahead of itself and needed an excuse to fall back. Longer-term value supporting higher prices not in Caribbean anyway, but in expansion beyond, which follows a MUCH longer road. Perhaps reminder of this in the project update that accompanied the earnings release is another factor influencing today's selling spree.
News release mentions anticipated annual savings and fees to be paid to NFI, but what costs will KID incur related to closing existing distribution facilities and any layoffs and when will any such charges occur?
According to KID's NT 10-Q released on Friday, they are both in the same boat as far as huge sales declines, need for waiver/re-working of financial covenants, and allowing for more time for business strategies to be successful. Can't wait for Benaroya's spin on latest quarter.