This is from the same guy that most of us wanted gone way back when.
Not sure how it all went down but its nice to see.
Book value is up to 75.3 cents (I think) And future imprved profitability is very likely. "We look forward to continued improvements in the operational results going forward.”
Seems to me the stock should be trading for at least book value. Possibly $1+.
Type messageThe FACTS are solidly on my side. TRUTH is on my side.
GAAP losses of over $64 million.
Nuway oil & gas=Belly up.
Nuway Medical=Belly up
Beep for free=Belly up.
This chain may well be worth more in bankruptcy than it is alive in full because they could walk away from bad leases in bankruptcy.
Absolute best case scenario would seem to be 50 cents.
And another thing, when you change CFOs just before possibly bankruptcy its usually because the old guy doesn't want the bankruptcy on his watch.
The idiot that paid up after hours is probably going to lose money here.
I was looking at both this one and CACH at around $1 thinking that one of them might be a several bagger and the other went belly up. Looks like both may be going belly up.
Any financing would be HIGHLY dilutive but still possible.
HLF is a scam company and they donate to UCLA. UCLA had to get on them regarding their representations.
Vemma says their product was endorsed by the Phoenix Suns because Vemma paid to be the official energy drink. The Suns have said they don't endorse the product whatsoever.
This company has had effectively zero revenue for over 12 years and heavy losses despite dozens of promising sounding press releases.
The end result is that 99% of outsiders who buy this stock will lose money. Just like 99% who bought 5 years ago or 10 years ago have.
Since you put so much faith in the university, why don't you get someone on the phone who actually has something to do with it and ask him what it really means ?
Don't ask the company who to call, call the university. The company will point you to a paid tout who lies for money.
he wants more here than a buyback at $10. Although that might add to the price the company is eventually sold at.
A buyback isn't a priority here. Id rather them sell it at $12-13. Fixing it will take longer but they might sell it later on for $15-17.
I knew that $21.80 call would make me wrong. It went down, so why didn't I sell it all ?
At the time, I really thought it was going higher.
Have plenty of dry powder and everything Ive bought lately has just continued lots lower. (Excluding TUES)
I might just sell out of my stocks over the next 5-10 years and give up this game.
But rates are so darn low. Do I buy a 5 year CD at 2.25% ?
I didn't expect much here. You don't have a gangbuster quarter after your president quits...or is ousted.
That said, we haven't seen any insider buying. (Gabelli is not an insider but that might change)
(Filing like an insider does not make one an insider)
I don't know how much lower it will go. Much depends on the market and last time, I sure didn't expect to buy at $3.06 but I did. I think.
I stand by my prior comments. They either sell it or fix it and sell it for more. Either way, we win.
I read something below where dan was talking about gabelli manipulating it. That's just a load of hogwash.
A near 20% holder in plain daylight ? Sounds like the conspiracy thoughts of snot nosed kid.
You never know what you might find on the bargain isle during tax loss selling. Picking the exact bottom is often impossible.
Gabelli is not going to sit on his hands & let nothing happen here.
Im not clear but with the common expecting to payout cash in Jan and the preferred already paid off, I would think this has a reasonable likelihood of being paid early. Unless there is no financial benefit for doing so.
That's my highest price by far.
I bought in 1/28/13 and missed the first reinvestment. Just got cash for that one.
What makes you think the offer is for over a buck ?
40 cents & keeping them from bankruptcy would be a win for a 22.5 cent stock with heavy losses & sales decreases.
WRT would seem to have little or no upside.
While the common could be worth $21 over time.
So, that's 18% upside.
Analyst Wilkes Graham's estimate of liquidation value is $21.03 per share, well north of the company's recent estimate of $18.35 (which itself has been raised significantly).
The most critical asset to Graham's NAV calculation is 20 Times Square, Winthrop's (FUR +0.4%) $1B hotel/retail development. The longer Winthrop delays sale of its interests in assets, the greater the potential returns, says Graham, who also notes management - led by Michael Ashner who knows a few things about liquidations - could sell the company at any point, thus accelerating returns (the company's goal is to sell everything by August 2016).
12 Straight years of losses & 12 straight years of BS press releases is not enough for you ?
You have to give any company at least 25 years to show significant revenue, right ?
37 cents today.
35.2 cents bid,36.4 cents offered. Tightest spread Ive noticed in some time.
I bought at $44.40, dividend reinvested, then bought 125% more at $40.51.
But, when considering if I should sell some, I declined because its still got a good yield and my position is small relative to my assets. (3.2% of my IRA, none in my regular account)
So while trading the stock might be something I will consider in the future, right now its just not a big enough position to do it with.