I agree and its cheap. Noticed three insiders got 70K shares they have options to buy at $3 per share. Nice incentive to get it to much higher price! My guess is the weather issues in both Minneapolis and Atlanta market will offset profits a little bit and somebody is selling because of it. I think they will still have a better 1st quarter than last year. Time will tell. I know the one msg board person thinks big share games are being played and I would have to agree seems like a lot of 100 shares trades that really don't make sense. Have a nice day.
Yes seems very weak today. They had ebitda of around $5M+ for 2013 and its market cap is $18M! Markets don't always make sense. I'm guessing people are scared they won't repeat the replacement program in 2014 but they do these programs all the time. They also like to hedge themselves and be careful with guiding expectations. I'm guessing book value is about $3 per share. I know book value has nothing to do with cash flow but worst case they have lots of assets to fall back on. So ebitda of about $1 per share and we trade at $3?? People must be really scared about the future. Have a nice day.
I know that's great news!! So this is a good start to the year. I think once investors see the long term value of the carbon credits this stock will move much higher. So if they already have $1M is it reasonable to say $1.6 or maybe even more for the year?? That's $.30 in earnings just from carbon credits!! My gut feeling is the new recycling guy is focusing on getting lots of replacement program contracts which could help even more. Plus huge upside that 2015 carbon credit market prices going upward. I think the stock has lots of upside with very little downside. It's just a matter of getting the Appliancesmart stores to make a net profit for the long term. I don't understand why GE doesn't just throw them enough supply and cash to get another center open and start advertising the #$%$ out of exclusive start to finish appliance RAD. Even if it cost GE $10M a year, just think of commercials on tv that they could have such a huge competitive advantage I think they would capture so much attention it would be well worth it. Plus Home Depot which is gaining market share that could have the infrastructure with no liability on the process. I sleep very good owning lots of this company at this price. Have a nice day.
I agree the retail is not a performer but can feed supply for replacement programs. Yes year over year is nice!! I think we will get some clarification on carbon credits on the call. I also agree that people will start to value it higher or at least into $4's very soon. I know I also heard something on the news about Obama making carbon mandates and supreme court was hearing it today, kind of ironic same day we get earnings report. May take some time for Obama to come up with carbon credit system nationwide but I think it will happen someday. The value this company would then be able to capture could be huge. I also wonder if the new guy they hired for the recycling business will be able to grow the appliance replacement program business by focusing on it. Have a nice day.
Yes I agree. Great numbers and good year overall. I think they have a good future. I wonder if GE is giving them a better deal on the recycling appliances because AAP seems to be doing better. If they can prove decent profits on that segment they may be able to expand it more nationwide, but if it's only marginal it may not work well enough to expand. I thought the carbon credits seemed a little light but not sure what they have left to sell either. The most exciting thing to me is if they can get a base profit just from the carbon credits investors will see more stable profits year after year. I think we could see $4-5 quickly. Have a nice day.
I think you're 100% correct. They will likely not announce another big "one time" contract and the p/e will look much higher than it has in the past. It was nice to see them buy some growth. IMO this is heading much lower. I hope they make lots of money and do great but I really doubt it will happen anytime soon. I've been trying to buy put options to play the downside and it's almost impossible to buy any volume and I've almost given up trying. So I hope it does well for the longs but don't be surprised to see low $1 area this year. Have a nice day.,
Looks like 400 contracts bid at $.55 for the June $2.50 put if anybody is interested in selling these. 40,000 share bet, maybe several thousand more contacts will be bidding if these get filled. Have a nice day.
What difference does it make if they don't repeat one big contract?? Well next year they won't have all that revenue and profit. This has happened to this company before. Now this time is a little different because they have expanded to TX which could help. Not sure how all the government stimulus ending in 2013 could affect gv or not. If the acquisition adds $2M to net income that should support the stock but the expectations are so high for them to put up big numbers and I really doubt they have any chance of even $.25 in 2014. Depends if they have to go back and fix subs work or not. Many people say $25M plus 4th qtr but they stated $16M (67%)plus some other work, is that really going to be $9M more worth of work? I hope so for the longs but very high expectation. Is it worth $1 or more, yes. To me a market cap of $51M? If people are expecting $.50 this year I think they are wrong. I think the 4th qtr will be way lower than people expect. Have to wait and see how it all plays out. I hope the company does great but I'm looking to buy 2.5 put options and play the short term. Have a nice day.
Lmao, you must be a hurting long to make that comment. I wish you the best, but it helps to read the 10Q to understand what you're investing in. If you have read it then we disagree on the short term direction of this company. Have a nice day.
OK I guess I missed the Nov sec filing. Anybody have any ideas what it meant. They applied to keep something out of the 10Q and the sec agreed they could keep it secret? Somebody taking a hard look at buying it out? I can't remember ever seeing this in all of my years at investing. The last company that I owned which was acquired a couple years ago and they released the timeline of the offers etc after the fact in a sec filing. Maybe this is no big deal but it sure seems interesting!! Have a nice day.
It seems like we are on the last page of the one big contract running down story. I think it's way overvalued and could touch $1.00 in the next 12 months but no way to take advantage of it. The March 2.50 puts are pricey and don't trade. If I could get Jan 15 2.50 puts for decent price I would buy them but they aren't offered now. I hope the longs make money but it seems very unlikely. Have a nice day.
I'm not sure if people are playing games with the stock but I guess you never know. If there are enough buyers or sellers it should go in the direction of demand.
Does anybody have a good website for the carbon credit prices and auctions? Would be nice to see if any trends appear.
Seems like it wants to move higher but the 4th quarter results will be what moves it the most. Plus then the last four quarters will show a much lower p/e when people search for new companies to invest in. Have a nice day.
Nice story out today from seeking alpha. Good timing for upgrade and positive comments. Should be another good year for the company. Seems like a lot of upside with very little downside risk. Have a nice day.