35 cent conversion and high interest rate. ability to convert to stock at 35 cents anytime. See you at .45-.50 cents then 18 million in new stock and a reverse split to stay listed.
Data from last year's meeting... stock opened day of meeting (June 25) 24.25 closed high of day on meeting day 25.00. rallied after meeting for next 2 days. entire move 24.25 to 26.00 all surrounding annual meeting.
ppl i see this stock going to 50 cents. it does not deserve this market cap of still over 10 million dollars. at the very most even 5 million is overvalued. Why are they PRing "web hits" and page counts and a mere 300 online orders ? Why are the revenue parameters they set up in the deal (see sec filings) so low ? This company just isn't doing much. There is no reason to buy here while over 1.00
Hey ppl. Last time I posted here I said the bottom could be .65-.72. Although that is the absolute rock bottom I no longer believe it will come. The market cap here at .80-.90 is low enough. I now believe the stock is being accumulated gradually. This co is not distressed. They have enough cash and the likelihood of any serious dilution to take place is low. In comparison to Delia's, Body Central, and Aeropostale, my analysis says that The Wet Seal is the soundest entry at this juncture. They have the highest likelihood of displaying strengths in the next quarterly report, and the lowest likelihood to have to initiate new debt. They are at the finish line of a demonstrated metamorphosis of the Arden B chain into Wet Seal. Body Central is more likely to need to raise capital. Delia's is likely to raise capital and reverse split. Aeropostale has some core issues with their customer base and high overheads. Wet Seal is the better entry now. Their stores are small, their presence is large and their niche is never going to be out of play.
I am also impressed by the analysts who are standing by management here. KeyBanc, Brean, and USB are examples. In addition, the short interest is 26.5%. You would have to think that in the .80s it should be "mission accomplished" for them. In any case, they will be forced to cover in coming months. To cap it off, I see no threat of delisting by failure to meet the $1.00 minimum bid. As a matter of fact, I see the next .15 cents or so to $1.00+ as automatic with the type of analyst support this has gathered.
This is not necessarily a short-term investment. There is a decent chance that the co is capable of restoring to a shade of its former glory and achieve, perhaps not 5+, but at least $3-$4 within a medium-term time frame of Spring 2015-Spring 2016. Nice talking.
I've been considering becoming a shareholder here for about 6 months. I waited patiently for a buying opportunity, and was real close to buying in the .90s, the H.C. Wainwright new coverage initiation with a $2.00
target pushed me over the edge and I'm in. This is not a trade. This is an investment. It's not about flipping it for .10 or .20, it's about making copper a part of your portfolio, realizing that this company will take 2-3 years to exploit its great potential. The company has premier deposits in American territory with no licensing
problems or environmental propblems. They are going to be valued at 5-10x this price. For the patient. Barring a buyout, which could happen, it's just going to take a couple years because these properties are remote. Roads and construction must take place. They talk about production in 2017. Although the next .40 cents back to $1.30 could come quickly, it's the $4-5+ price range which ultimately will happen here, based on their deposits, that I am eyeing.
i'm not saying it won't see 16 someday. i'm saying it sees 13 again before it does.
good luck cheerleading your stawk is up a lot. some ppl never know when to sell.
that is a ludicrous statement, and not justified. Sycamore is not working against Aeropostale.
Discretionary retail is suffering. Sycamore just took a 10% stake
in Express. I'm waiting for one more quarter before I buy.
and after that, it's going to be time to hold
until it's a buyout or turnaround.
take a look at the balance sheet. the stock is overvalued at 88 cents. although the chart suggests 200dma support nearby, i don't expect that to hold. look at the assets, take away the intangibles or at least cut those in half, and what's left ? there are 123 million shares. i think the co isn't worth a dime over 50 million dollars. so it really only is worth 40 cents in this state of affairs unless sales are doubled. they have their work cut out for them. i would be a seller, still. at 50 cents, i'd take a closer look..
only chance of a buyout here is if the family sells. don't count on it.
buy it for growth, and low risk, but not for a fantasy buyout that could
take 10+ years to happen, if ever.