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shrewd_curmudgeon 48 posts  |  Last Activity: May 29, 2015 5:21 PM Member since: Oct 30, 2000
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  • shrewd_curmudgeon by shrewd_curmudgeon May 29, 2015 5:21 PM Flag

    Business is stable to strong. For Q4, the revenue was $2.7 million and net income for Q4 was $256K.
    These are both stronger than the prior quarter. Net income was a healthy +$0.10 per diluted share for Q4 and $0.38 for the full year. Tangible net assets are up to $12.5 million. Still 2.2 m shares. Great numbers.
    SODI today May 29, 2015, announced a cash dividend of $0.25 per share of common stock to stockholders of record as of the close of business on June 29, 2015.
    SODI also announced today, a repurchase program under which the Company may repurchase up to $500,000 of the Company’s common stock.
    Excellent.
    The 10-K was right on schedule (not a moment too soon). With this balance sheet and updated income numbers, through cash flow valuation, I see SODI being worth over $19 million intrinsic value. That puts the company over $8.64 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 29, 2015 3:30 PM Flag

    Take it easy... relax. You are right on the date. We'll probably see something after 4pm. Probably an extension. I'm eager to see an update too.

    Sentiment: Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 28, 2015 10:09 AM Flag

    Excellent. Bottom line for WEBC is that net income was +$0.64 per share.
    Cash flow from operations was $15.8 million for the quarter. Net asset tangible assets grew to over $160 million. Net tangible assets are now $197 per share. Very undervalued.

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon May 26, 2015 4:56 PM Flag

    Fundamentals are improving. Companies tend to go up in steps. They have got some good talent, and now the right projects at the right time. BSQR could go far.

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon May 26, 2015 4:47 PM Flag

    Nice to see the bargain under $0.80 per share for a brief period today. I am loading up while it is below $1.00 per share.

    Sentiment: Strong Buy

  • Reply to

    Proxies

    by shrewd_curmudgeon May 22, 2015 1:13 PM
    shrewd_curmudgeon shrewd_curmudgeon May 22, 2015 1:33 PM Flag

    For some reason, Yahoo is blocking some words, so I will post my message in smaller chunks.
    The new 10-K will probably come out by May 28th.
    There are a lot of interesting activities going on over the next few week for this company. This is an exciting time for the undervalued Solitron. (Keep checking the SEC site and other news)

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 22, 2015 1:13 PM Flag

    The Erskine Capital Proxy is available.
    (yahoo won't allow link to SEC site)
    Management proxy likely coming soon.

    Sentiment: Strong Buy

  • Reply to

    Good quarter

    by fisuiks May 16, 2015 9:40 AM
    shrewd_curmudgeon shrewd_curmudgeon May 21, 2015 2:08 PM Flag

    I don't think fisuiks said the "growth in revenue would need to come from sale of MRI machines". It is not clear why you ask that. Indeed it can come from the largest source of revenue as you both suggest. Revenue from service and from patient centers can drive revenue upward.
    Look at what has happened in the past
    Year___ Revenue
    2010___ $31.8 million
    2011___ $33.1 million
    2012___ $39.4 million
    2013___ $49.1 million
    2014___ $68.5 million
    2015___ $70 million (projected)
    There has been significant growth in revenue. What lead to the huge increase in 2014? It was the addition on more centers through the acquisition of 50% of HDM (Health Diagnostics Mgmt). This was indeed huge and the cash flow from operations has increased and is now about $12 million per year. And with this cash flow they will be able to acquire / set up more centers. Revenue goes up in steps. More importantly, you should be looking at whether margins are stable or dropping between these steps upward. Is the business scaling? Is it bringing in positive cash flow? Indeed FONR is, and they will likely have another step up in revenue probably in 2016 or 2017. And margins are improving as service and centers have higher margin than the equipment itself. Management is on top of this. Shareholders' equity is climbing (now $47 m). And they are doing this without diluting shareholders. There are only 6.2 million shares outstanding. Indeed, quants and hedge funds and the overall market have not jumped onto this, and that is EXACTLY why I am interested in FONR. If they had already bid it up to $20 per share, I probably would not be very interested in it. Enjoy!

    Sentiment: Strong Buy

  • Reply to

    Update?

    by research11101 Feb 8, 2015 4:56 PM
    shrewd_curmudgeon shrewd_curmudgeon May 18, 2015 6:24 PM Flag

    The company Total stockholder equity is up over +$56.7 million. They have just under 3.3 million shares outstanding. This comes to book value of $17.20 per share.

    Sentiment: Buy

  • Reply to

    Beautiful undervalued companies

    by shrewd_curmudgeon May 15, 2015 3:22 PM
    shrewd_curmudgeon shrewd_curmudgeon May 16, 2015 1:05 PM Flag

    Thanks for the comments. I wouldn't just go with one, but I think some are better than others. Firstly, I have talked to Stabosz and he didn't sell PFIN because he lost faith in the prospects of PFIN. He sold due to a short term liquidity event... having oils and other companies that he needed to cover margins on. Just because you see something negative about management doesn't mean that is a dead end. Whether a hedge fund has a disagreement with SODI or PFIN CEO is taking more compensation than he should, these are not insurmountable/deadly issues. I agree that the risk on the Israeli company is higher. I think SODI and PFIN are already believed to be value traps and that is priced in, but this will likely change. The only reason there are filings expressing disagreement with them is because investors think the operations are valuable and undervalued.

  • shrewd_curmudgeon by shrewd_curmudgeon May 15, 2015 3:22 PM Flag

    There are quite a few of these profitable, growing, very undervalued companies that are small which people are afraid of. BSQR is a great example. I have been watching this one for awhile. These include BSQR, PFIN, FONR, SODI, SPRS, PERI. These all have strong fundamentals and go up in steps.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 15, 2015 2:50 PM Flag

    Excellent. Shareholder equity is up to $197 million. Clean coal is doing well.
    Net income was $7.6 million for the latest quarter. Net income was $3.5 million in the corresponding quarter of the prior year. Net income has more than doubled.
    Cash flow from operations was stronger than the prior year. I think we will see HNRG over $14 per share soon.

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon May 13, 2015 4:50 PM Flag

    You probably have not worked for a small company. Revenues are often lumpy. We had big increases the prior year, we had 0.3% this year. I am not adjusting a long term growth estimate based on this quarter's revenues or based on the fact that profit margin was better than I was expecting this quarter.

    Sentiment: Strong Buy

  • Reply to

    Q4 results and valuation of PFIN

    by shrewd_curmudgeon Mar 31, 2015 2:13 PM
    shrewd_curmudgeon shrewd_curmudgeon May 12, 2015 2:48 PM Flag

    P&F is beautifully undervalued and today's new quarterly results confirm it.
    I was projecting $19 million in revenue and hoping for a return to strong net income of $0.7 million for Q1.
    P&F reported $19.8 million in revenue, beating my revenue expectation by 4% and hugely better than the prior year. Even more importantly, today they reported that net income for Q1 was $781,000, beating my expectations by 12% (and significantly higher than the $462,000 for corresponding period of the prior yr). I am raising my expectations to a target price of $15.60 per share for PFIN. Beautiful !

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon May 12, 2015 2:35 PM Flag

    Excellent. I was hoping for $2.2 million in net income.
    FONR came through with $2.5 million in net income... beating my expectations. More cash and profit rolls in for FONR. This company is doing extremely well. Over the course of the year, they will likely bring in more than $10 million in net income. The firming medical reimbursements are going to drive this even faster. Beautiful !

    Sentiment: Strong Buy

  • Reply to

    Foward P/E is 11

    by shrewd_curmudgeon Nov 24, 2014 6:43 PM
    shrewd_curmudgeon shrewd_curmudgeon Apr 30, 2015 10:41 AM Flag

    Beautiful new quarterly results. I think my $30 per share is an underestimate. Based on these new numbers, I will have to update my projections. Fantastic business results, stock will likely follow upward.

    Sentiment: Strong Buy

  • The trend is your friend.
    Revenues for Q1 are $22.1 million (up 42% compared to $15.6 million in the comparable 2014 period). Gross margin increased to 25% as compared to 11.6% in the first quarter of 2014.
    Net income for the quarter was $1.9 million, or $0.06 per basic and diluted share, compared to net income of $160,000, or $0.01 per basic and diluted share, in the first quarter of 2014.
    These are strong revenue increases and excellent improvement of margins. I would not be surprised to see a significant rise in the stock over the next few months, probably over $6 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 30, 2015 10:06 AM Flag

    Excellent. Margins were strong. CLRO posted non-GAAP net income of $0.17 per share vs. $0.13 analyst consensus.
    When I do a cash flow analysis on this based on the latest numbers and with conservative assumptions, I estimate that CLRO has an intrinsic value slightly over $14 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 29, 2015 1:39 PM Flag

    I project that earnings will be around $130 million for this quarter (compared to the corresponding quarter of the prior year or $43 million). This should put them on track for $530 million in annual net income. In my view FLEX is conservatively worth about $9 billion. That is $16 per share. If FLEX beats the $130 million in net income later today, we may likely see upside beyond $18 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 28, 2015 6:17 PM Flag

    Revenue is up again to $83.3m for the quarter (vs. $61.9m). That is 35% growth! The company reported $21.2 million or 38 cents per share. This is far higher than prior year’s quarter (nearly double prior year's quarter and also beats analyst EPS estimates). A lot more profit rolls in to RPXC. These results are excellent. Bery profitable guidance is announced. We will likely see RPXC over $20 per share soon. Congrats!

    Sentiment: Strong Buy

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