I think he replied to me over on RAVE perhaps making fun of me for owning BH (I made several times my money before selling out) but that post was removed too.
Not sure who he is but, like wetsnatch, he just doesn't matter.
I feel pretty good about RCKY longer term. My MULTIPLE sales above $15 look very good right now but I admit, I thought we might hit & go over $25 so I didn't sell all.
Kind of like TUES. My last sales were $18.02 and $21.80 and a bunch between $13-16 and I bought a little back at $5.01 today.
I don't know what it is, but I like buying low, selling high & rinsing & repeating. And Ive been doing it with RCKY longer than anything I think.
And when they do, this company will shrivel up & die because they cannot live without millions of capital to fund their 14 year track record of massive losses.
First he bought 101,900 for 547,111 in Nov
Then, he bought 1055464 for 5425755 in Jan
In total, this time around, he spent $5,972,866 on 1,157,364 shares for an avg of $5.1607.
The first time he bought, he spent roughly 8.2 mm at 5.64 avg.
The source of that last buy was from a tweet by insidersense. It may be incorrect because I think the same tweet overstates how much he was able to sell. They seem to think he sold nearly 57 million worth but the math doesn't work.
The tweet is dated Jan 14.
No question he more than doubled his money the first time around but not 57 million worth.
If we use a 15 multiple on the 41 cents we get just $6.15
Using the highest estimate of 46 and a 15 multiple is just $6.90.
I don't know where its going to come from or how, but I sure as heck didn't buy for only a move to $6.15-6.90.
If we figure 55-60 cents for June 18. And a 15 multiple=8.25-9.00.
But that's 2 and a half years away.
Unless they blow away street estimates, its hard to see the clear value here.
Blows my mind the prices I was able to sell for.
SOLD out my position at 18.02 in Feb and sold some at 21.80.
Another 3461 thru 1/20. That's 12,426 total of 24,000 approved.
I should probably go back & figure his exact average cost this time around. Maybe later.
If you own TLF, you are paying him a % of the profits to buy his own shares. When you could buy them in the open market yourself.
Some of us believe the technology is a farce.
Wound care ? Are you kidding me ?
Neither will have revenues even approaching the hugely pumped but massive failures of Odor No More and Nuway Sports.
I missed his post but a number of things can get posts deleted. Innocent thing do it but spammers get around it regularly. Which tells me someone with an IQ below wetsnatch is in charge of spam at yahoo,
I forgot it was combined into Military PR.
I watched it.
Interesting regarding the leverage but they didn't even bring up book value, their historical profitability & so forth.
There are a lot of reasons to like this stock.
Perhaps #1 on the list is Director Curtis Loveland.
You can make a lot of money just buying near the prices he buys at and selling near the prices he sells at.
Ive done it many times over the years over 2+ decades.
There is no doubt you are a criminal.
RCKY does something BLGO has never done and very likely never will. They MAKE MONEY and they PAY DIVIDENDS.
And I have a 25 year track record of trading it profitably.
This wasn't for you. You are a paid tout. I know why you are here. It was in case there are any real retail investors that think this stock has a chance of going up in the long term.
Better chance at winning the lottery.
I just went looking for it and didn't find anything recent.
His last 13d where he went under 5% references some deals he had with market makers. I wonder if a prior disclosed plan could still be in effect ?
It would probably be worth a call over there to find out.
I know BH put out a 13d and disclosed it on the 18th that they would begin their buying on Jan 4th. (Because I front-ran them and bought prior to year end thinking their buying would take It up. Little did I know the market was going to tank.)
Theres no way its going back to the old lows. The last recession proved this company has staying power.
And we aren't in a recession, low gas prices mean people can make their car payments.
Competition is a bigger concern than the market.
I only lowered my buy price to $10.50 so I got filled today.
I will buy more if it continues lower.
But this company has a $12.58 book value and a PE of #$%$ ridiculously cheap right now.
We just need them to stick to their knitting and don't buy too risky paper. Leave the stupidity to the others.
And I still think it could eventually be bought out.
Going back over my past sales. 14.94,16.99,12.28 and 13.49.
And my broker doesnt go back past 2012.