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Companhia Siderurgica Nacional (SID) Message Board

skiselev81 71 posts  |  Last Activity: Sep 15, 2014 1:00 PM Member since: Aug 13, 2003
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  • Reply to

    wow flash crash

    by checkmeouta Sep 15, 2014 11:26 AM
    skiselev81 skiselev81 Sep 15, 2014 1:00 PM Flag

    relax, you will have your chance to buy at $10 next year lol....

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 13, 2014 2:41 PM Flag

    I don't believe the SEC was ever involved with this Company, it was a nasdaq request...and all it took for them to close the inquiry was a "verification" report from "Paritz & co." A comedy, to say the least.

  • Reply to

    The company's cash balance

    by shiftsuper175607 Sep 13, 2014 9:03 AM
    skiselev81 skiselev81 Sep 13, 2014 2:38 PM Flag

    I wonder how much it costs for likes of "Paritz and company" (lol) to "verify" a company's cash balances lol. Remember how many Paritzes there were out there "verifying" accounts before the China small cap fiasco?? Most of them gone by now for fraud, Paritz may be the next one to go who knows...

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 12, 2014 5:53 PM Flag

    these balances without the cash flows statement thoroughly explaining it. So, it is like a ponzi scheme, they have to continue showing an accumulation of these so called "cash balances" when in reality they most likely have a million or two of cash on the books. That is most likely how this situation evolved into where it is today. I do not see any logical explanation as to why they've gone dark and why they are using the cash to actually do something positive, while taking out very suspicious related-party loans...all of it akes no sense.

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 12, 2014 5:50 PM Flag

    you do not have to be a fortune teller to predict that frauds at some point go to $0. That is a purely logical deduction. Based on the fact that management has completely forgotten this stock, knowing they own a large chunk of it, tells me (logically), that this is a worthless scam, nothing more. There is, in my mind, a small (~5%) chance that management/board do not care about their personal wealth and have not done anything to increase shareholder value, and that at some point in the future they all of a sudden wake up and decide to create some wealth for themselves and help move the share price upwards. However, realistic chances of that are very small. therefore, this is nothing but a gamble at this juncture, especially since investors can not by any means rely on the financial statements that these people are pushing out. In my personal opinion, it is very likely that during the last market euphoria that ended in '08 investors simply forgot the inherent risks of investing in developing countries and simply dropped the ball by not paying attention to what these small cap Chinese companies were reporting. Initially when these things were coming out as hot cakes in the China IPO rush around the 2005 time frame, they were coming out with fake balance sheets that misrepresented their asset bases by a significant margin, hence book values seemed much higher than they actually are. Many of the #$%$ investment banks that were pushing these IPO's are no longer around since many were forced into BK during the market collapse and during the China small cap fiasco a few years ago. Some of these names were attacked by the likes of Muddy Water and Citron and were eventually halted for trading in the US, but some of them, like this one most likely, continued trading and "reporting" quarterly financials. Of course, the cash balances kept increasing the whole time ever since they IPO's with a hugely fraudulent amount a few years ago, because they cant just go ahead and reverse

  • Reply to

    Attractive 2:1, 3:1, or 10:1 play?

    by saltshakers121 Sep 11, 2014 9:59 AM
    skiselev81 skiselev81 Sep 11, 2014 2:53 PM Flag

    keep listening to their "presentations"....we've been listening for the past few years...while they're talking about new customers, products and markets, stock is down over 90%. Freaking lying thieves. And just exactly how much of this trash stock have these guys bought with their own money? Ask yourself that question. i'm sure they're enjoying the cozy salaries that shareholders of this scam are providing them with....what an amazing disgrace!!!!!!

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 11, 2014 1:08 PM Flag

    Agree with pretty much everything you said. Bottom line: at this juncture and with the facts that you mention above, this stock is a completely Las Vegas gamble, nothing more. Either you lose everything and it is a scam, or it is not a scam and at some point in the future the stock rises by a significant amount. However, no financial analysis, accounting, finance knowledge or understanding of industry dynamics is even needed here. Just choose red or black, pretty much comes down to that.

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 11, 2014 11:13 AM Flag

    The market has made up its mind whether this is a fraud or not, I don't even have to accuse them of anything. Stock down from $7 to $1 and will soon be at $0.10. Cheers!

  • skiselev81 skiselev81 Sep 10, 2014 3:55 PM Flag

    the valuation here is just absurd as it is over there....this is a bubble trading at nonsensical valuation and on top of that, at peak earnings. Every top 1% idiot that wants to buy a machine has done so already, and these k cups are nothing but a fad, NOTHING more. We've seen these fads before. You will see revenue dropping next year and the year after that, with the multiple compressing to 15-20x somewhere, not the crazy 40x it is trading at now. So with smaller normalized earnings base, plus a multiple of half of where it is today, fair value for this company may be around $40-50 somewhere. Good luck to insane folks that are buying this nonsense here, they'll learn the hard way. The ONLY possible scenario where people can make money here is if, out of desperation, KO decided for some reason to take them out at these bubble valuation levels. Some of the smartest investors in the world, such as Einhorn and Chanos, understand this nonsensical bs and are short this. They have won in the past and will win this one as well, unless, like I said, a crazy takeover event occurs (which I give 10% or so of happening). This is coming from a long time analyst at numerous funds on Wall Street, and it is just an opinion, so take it for what it's worth (I've seen this similar nonsense about 1000 before throughout my career). Good luck to everyone either way you're looking at it here.

  • skiselev81 skiselev81 Sep 9, 2014 5:38 PM Flag

    looks like no one cares about any profits anymore....just buy everything in sight and watch it go up....pure nonsense going on

  • Reply to

    Jump Ship!

    by moron_busters Sep 9, 2014 4:35 PM
    skiselev81 skiselev81 Sep 9, 2014 5:23 PM Flag

    from over $0.60 to $0.06 during the course of this year....you having fun yet???? Wait till you get a reverse split and more dilution and then down into penny territory yet again....enjoy!!!

  • Reply to

    Pennies are on the way

    by skiselev81 Sep 9, 2014 3:28 PM
    skiselev81 skiselev81 Sep 9, 2014 4:40 PM Flag

    thats not relevant...they should answer questions either way, through email or on the call...thats why Companies have investor relations departments.

  • skiselev81 by skiselev81 Sep 9, 2014 3:28 PM Flag

    Followed by a de-listment from the exchange and subsequent drop to $0.10 or lower forever pretty much...the fraud belongs where it belongs, at $0. Apologies to anyone that got lured into this scam. these people have gone completely into the dark without answering any questions to shareholders: there are no shareholders in their minds, it seems. I love China fraud land!!!!

  • Reply to

    misleading comparables?

    by schimel2003 Sep 9, 2014 1:06 PM
    skiselev81 skiselev81 Sep 9, 2014 1:20 PM Flag

    This is completely irrational...negative comps in every segment, Nook completely dead, a continuation of losses even with lower contribution from this disaster called Nook, and stock is up??? I would have expected a 30%+ drop on such a disaster, but it seems there is tremendous support from the thieves that are luring retail folks into this trap. Something not adding up here, i would stay as far away as possible from this dying company...

  • Reply to

    Rumor of Buyout After the Bell.

    by ob3nj Sep 8, 2014 3:13 PM
    skiselev81 skiselev81 Sep 8, 2014 5:47 PM Flag

    actually I'm hearing Toys 'R Us is about to buy P....and then McDonald's will make a counter offer at $200 per share....buy buy buy!!!!! With ALL of your life savings pleeeeaaaaaseeee!!!!!

  • Reply to

    ATRM going higher

    by mznjnetsoldtimer Aug 21, 2014 3:44 PM
    skiselev81 skiselev81 Sep 8, 2014 5:37 PM Flag

    good call lol. Looks more like it's going down the drain back to $4, not the other way around.

  • Reply to

    Law Suits

    by wizardofog Sep 3, 2014 4:50 PM
    skiselev81 skiselev81 Sep 3, 2014 11:34 PM Flag

    Who cares about lawsuits, the stock is crumbling without any end in sight....soon we'll see 20 pennies and stay there for the next decade...what a shame.

  • skiselev81 by skiselev81 Aug 29, 2014 4:24 PM Flag

    Does not look too impressive...revenue declining (even though they were able to cut costs). Free cash flow flat for the year. Even though this thing trades at 6x earnings, this is a totally deserved multiple considering they must be losing share (due to negative rev growth). Next week should see it back to the mid to high $0.40's unless I am missing something major (that is why is took a dive with major volume today as soon as the K was released btw).

  • Reply to

    Poor management

    by supershuttle Aug 28, 2014 10:32 AM
    skiselev81 skiselev81 Aug 28, 2014 10:58 AM Flag

    Don't you understand that all these numbers were cooked??? Why do you keep asking the same questions when the answer is so simple??? Remember what any great investor has always said, IF IT MAKES ABSOLUTELY NO SENSE, STAY AWAY AS FAR AS YOU CAN!!!! This fraud shall be uncovered in due time....

  • Let's thank the awesome management team for the great job they've done at managing this Company, creating beautiful financial statements, and making sure that shareholders are well rewarded!!!

SID
4.10-0.08(-1.91%)Sep 17 4:02 PMEDT

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