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RPX Corporation Message Board

shrewd_curmudgeon 94 posts  |  Last Activity: 18 hours ago Member since: Oct 30, 2000
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  • shrewd_curmudgeon by shrewd_curmudgeon 18 hours ago Flag

    Fabulouspoodle, I think your fear on the LAE item is a bit misplaced. LAE are items that have been recorded as an expense on the income statement. They are an estimate of cash that would be expected to go out in the future. This item is much like accounts payable. If expenses are paid more rapidly, this quantity goes down. If suddenly more claims are made, then their LAE will go up. You or I should not think we can more accurately estimate the potential future cash payments better than UVE management—at least I am not that bold to think that I would be able to do that. What evidence do you have that says that you know their recent and expect future payments better than UVE does? Actually, UVE has been quicker to pay claims than in the past. They are also charging more losses to the income statement than they had previously estimated. As evidenced by the statement that, “Net income was offset by $8.5 million beyond originally projected pre-tax net losses and loss adjustment expenses attributable to first quarter weather events in Florida.”
    If accounts payable had decreased at a manufacturing company to $85 million, would you say "Could accounts payable possible go below $85 million?" or that "Accounts payable could not go to zero, therefore I don’t think income has been adequately accounted for?" That would make the same amount of sense as what you have said about the LAE.
    I'm not saying you are wrong, just saying that you don't have a convincing reason for claiming you know what net income really should be if a company's accounts payable has come down or the LAE has come down.

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon 20 hours ago Flag

    Those weren't good results. Those are fantastic results. HDSN strongly beat revenue and earnings expectations. Earnings are 50% beyond expectations. These results were FAR better than the prior Q1 as well as being far better than estimates. This is huge and beautiful. HDSN is WAY undervalued. I think HDSN will be over $6 per share this year.

    Sentiment: Strong Buy

  • AFAM is a very healthy growing company with strong cash-flow generation. Balance sheet is great. AFAM beat estimates for both revenue and for EPS. Beautiful. We will probably see AFAM over $50 per share this year.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 3, 2016 5:45 PM Flag

    Nice to see that RPXC handily beat estimates. Much better than the immediately prior quarter. They beat revenue estimates and they posted $0.15 per share, beating the $0.12 cents previously estimated for the quarter by 25%.
    Enterprise value is only $280 million. Very strong balance sheet. RPXC is likely going to the upper teens.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 3, 2016 5:33 PM Flag

    Gold is up 21% this year. This is good for companies that have lots of gold reserves and have the ability to mine it from the ground and sell it. Petaquilla is very undervalued.

    Sentiment: Strong Buy

  • Reply to

    New estimate

    by sumrtym7 Apr 20, 2016 10:12 AM
    shrewd_curmudgeon shrewd_curmudgeon May 2, 2016 6:50 PM Flag

    Now current year results are raised to $3.23 (from $3.03). That is a strong profit. That is quite a bit better than the prior year. Probably because backlog is stronger. Both this quarter and this year are now projected to be stronger than prior quarter AND year.

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon May 2, 2016 4:33 PM Flag

    I had said that: “Earnings are coming soon (by May 2) and income is strong. If UVE earns over $23 million for the quarter (+$0.65 per sh), this company will soar. Enterprise value is only $390 million, currently very undervalued. Tangible assets are $300 million. The dividends are great. The company will likely bring in $100 million this year. It would be undervalued even at enterprise value of $800 million.”

    UVE has just posted results and they BLEW AWAY my expectations. They posted even stronger earnings than I had hoped for. UVE posted record first quarter net income of $25.2 million. And diluted earnings per share (EPS) were $0.71 for the first quarter of 2016. Both new records for Q1 ! These are huge beats!
    Mark my words: This company is heading well over $35 per share this year.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon May 2, 2016 4:18 PM Flag

    Good to see, IVAC beat revenue estimates for Q1 by +$2.1 million (beating the $11.6 million consensus by posting $13.7 million), and IVAC beat earnings estimates by $0.06 per share (beating the -0.37 estimate by posting -0.31 in EPS), which is +$1.2 million. Great beat!

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon Apr 29, 2016 9:47 AM Flag

    Check your numbers. Don't trust Yahoo. Check the regulatory filings DEF14A.
    Thomas Fallon has beneficial ownership of 1,292,890 shares (far from the 0 that you mentioned).

    Sentiment: Strong Buy

  • shrewd_curmudgeon shrewd_curmudgeon Apr 28, 2016 6:09 PM Flag

    Over 1.7X actually.
    In almost all cases gaps close. The price gap from $15.57 to $12.99 that occurred between yesterday’s close and today’s open is likely to close within the next few months.

    Sentiment: Strong Buy

  • The last time INFN was at this stock price of $12 per share was Oct 2014. At that time, the fundamentals showed $173.6 million revenue per quarter. Infinera had GAAP net income of $4.8 million or $0.04 per share and had non-GAAP income of $14.2 million or $0.11 per share.

    Now INFN is back at $12 per share, but this time fundamentals are much better showing $245 million in revenue per quarter. Now INFN has GAAP net income of $12 million or $0.08 per share and has non-GAAP income of $28 million or $0.19 per share.

    Infinera has about 1.7X the earnings per share and is at the same stock price. They have more customers, more product lines, higher margins, and higher percentage of the market. They continue to grow market share. INFN is looking like a far better value today than it did last time it was at $12 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 28, 2016 1:30 PM Flag

    Nice to see more profits roll in. Margins are great. They have strong year-over-year growth. Guidance was for more profit. INFN is picking up market share. This stock is a gift in the $12 per share range. Thanks.

    Sentiment: Strong Buy

  • Reply to

    solid Q, beat earnings and rev's

    by blummie1000 Apr 27, 2016 4:48 PM
    shrewd_curmudgeon shrewd_curmudgeon Apr 28, 2016 9:57 AM Flag

    Indeed. This company is performing much better financially than when it was over $25 per share.
    Achieved quarterly revenue of $107.9 million; Non-GAAP adjusted EPS was $0.44. I think we will see $26 to $32 per share for AVG later this year.

    Sentiment: Strong Buy

  • More cash and profit roll in for Innophos. Great to see profits turn up. Adjusted diluted EPS for the first quarter 2016 was $0.66 compared to an adjusted EPS of $0.64 for the first quarter 2015 and an adjusted EPS of $0.32 for the fourth quarter 2015. Stock will likely rise by 30%.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 26, 2016 4:51 PM Flag

    Beautiful. This is a very exciting time to be in EXAC. They announced revenue of $68 million!
    Net income for the latest quarter was $4.4 million, or $0.31 per diluted share, compared to $4.1 million, or $0.29 per diluted share, in the same quarter a year ago. Excellent! More and more people are needing replacement shoulders, hips, ankles, etc. Exactech HANDILY beat on both metrics! The revenue is growing and the with the new product line, future revenue will grow. This was a Beat & Raise. Balance sheet even stronger too. We will likely see $30 per share coming in the next few months.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 26, 2016 12:36 PM Flag

    This is an exciting time to be in EXAC. Earnings will come in just a matter of hours (at the close of today's market trading). If they bring in over $62 million in revenue and they bring in +$4 million in net income, which is about $0.28 per share. Then EXAC is going to fly probably toward $30 per share.

    Sentiment: Strong Buy

  • Reply to

    Highly undervalued

    by ghbansnew Feb 12, 2016 10:58 AM
    shrewd_curmudgeon shrewd_curmudgeon Apr 26, 2016 12:31 PM Flag

    A lot of cash used by operations this quarter.

    Sentiment: Strong Sell

  • Earnings are coming soon (by May 2) and income is strong. If UVE earns over $23 million for the quarter (+$0.65 per sh), this company will soar. Enterprise value is only $390 million, currently very undervalued. Tangible assets are $300 million. The dividends are great. The company will likely bring in $100 million this year. It would be undervalued even at enterprise value of $800 million. It will be there soon. That enterprise value of $800 million would be $38 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 25, 2016 12:58 PM Flag

    EXAC just got FDA approval of its ankle replacement. The shoulder replacement is doing excellent. Ankle will follow. This could get Exactech to climb over $30 per share.

    Sentiment: Strong Buy

  • shrewd_curmudgeon by shrewd_curmudgeon Apr 24, 2016 2:03 AM Flag

    BSQR is a great bargain. It has strong positive profits; it has strong balance sheet. Enterprise value is only $45 million. BSQR has intrinsic valuation of over $98 million or over $9 per share. It will be there just a matter of time.

    Sentiment: Strong Buy

RPXC
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