How much did TA lose with bad weather, and purchase related expenses? It would not be any great PR. In a couple of weeks, we will find out.
I bought TA a couple of weeks ago, and just sold now. I will reconsider TA only after the earnings call. The 4th quarter and the first quarter, I am sure, are very very bad.
Shorts got SZMK, and before that, they paid $3.00 to longs whose shares they borrowed from.
settle date 2/14/2014
short interests 3,273,021
ave daily volume 128,359
days to cover 25.498960
Yep. As weather turns warmer, the Spring comes.
Hope it stays above 9.
Sentiment: Strong Buy
$9.02 now. Hope you get your chances again. Good luck.
How much earnings (actually losses) do you think is SPECTACULAR?
Are bad weather days in the 4th quarter priced in already? I suppose! Are bad weather days, so many of them, in the first quarter all price in already? I am not sure of that yet.
The losses on the sales of vessels are about 20 cents per share. That means 14 cents net profit without.
Looks good. BUMP!!!!!!!!!! Too I say.
hagenericksson clearly does not understand what homebuilders were doing for the last two quarters. They were selling less for higher margins. As a result, many homebuilders are recording 25% gross on homebuilding revenues. Look DHI, SPF, LEN and all.
hagen also failed to consider the seasonality with severe weather into what he said. Year over year, backlog is way up.
b33r3y35, your EPS seems a bit too optimistic. If gross rate on homebuilding rev was about 25% like other builders, Comstock's gross profit for the quarter would be $5.3 million. Take $2 million plus of SG&A and another $ 1million or so for non controlling interests or something equivalent. That leaves about $2 million which translates into a bit less than 10 cents a share. That amounts a small green for the year.
If CHCI managed to have a breakeven year, CHCI will hit over $3 right away and move above $4 or $5 very soon, because it implies over 40 cents or more of eps for 2014.
Not yet. Give couple more weeks for workers to come back fully. But we will get there.
In the last quarter, we had so many bad weather days. That is why backlog is down not yoy but from the previous quarter. Backlog and sale will pick up as weather turns warmer. Spring 2014 is the turning point. Look other builders.
Hope you did not short too many shares.
Will the acquisition be accretive as it was said? With this bad weather? If TA lose more money than last year, while it looks more likely to do so, it will test the patience of TA longs one more time. Many will lose the patience, and find better places to put their money. I am willing to get into that patience game again if the price is right.