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Akamai Technologies, Inc. Message Board

solef63tread 15 posts  |  Last Activity: Nov 22, 2015 1:19 AM Member since: Jan 5, 2007
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  • solef63tread solef63tread Nov 22, 2015 1:19 AM Flag

    Yes, the SEC is on it...see "In the Matter of Corporate Resource Services, Inc." Some will be wearing striped suits before this is over (without ties and wingtips!)

  • Reply to

    Tough market this week

    by hweb2 Nov 13, 2015 1:29 PM
    solef63tread solef63tread Nov 13, 2015 3:22 PM Flag

    Yes, my $5.46 bid has been getting hit periodically and adding to average down. It is really $5.35 because $.11 is coming in three weeks.

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 9:57 PM Flag

    I will gladly buy it ; ) I believe that we may get a buying opportunity, as someone posted, around year-end when all of the people who bought at $9 begin to look for opportunistic tax losses. Each year many microcaps get irrationally slammed and become very good buys at that time. I am in no hurry, but did have a few 9,000 share buy orders in today, much lower on the scale, but there was no "motivated seller" moving that far down. By not selling, I have already made a decision to "buy" the position I have (since I have free choice every day to sell one stock and buy another) and am most certainly interested in adding, if I can.

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 3:30 PM Flag

    Yes, but the cash flow is primarily derived from their after-tax earnings (many people think dividends are paid pre-tax). Since EVOL (until now) has had minimum depreciation and amortization expenses, small capex and capitalization of software costs, the only swings in cash flow have come from after-tax earnings and changes in balance sheet items (which tend to wash over time).

    I will gladly buy you a steak dinner at the restaurant of your choosing if EVOL's price goes over $11 in the next year!

  • Reply to

    earnings ok - backlog/pipeline better

    by o08o.ugh64w Nov 10, 2015 4:14 PM
    solef63tread solef63tread Nov 11, 2015 12:37 AM Flag

    This company (mostly Thad) has been very deft in finding new lines of business related to existing lines to offset the deterioration of an existing line (i.e. Tertio, which is slowly sinking.) I also am bullish about the future, although I think they have squeezed the one large carrier for their most profitable divisions and their backlogs are still not up to last year's levels (which were the "leads" for this year's performance.) I think one can buy at up to $6 and hope to get to $8 over the next 18 months if all goes well, but sincerely doubt if I will break-even with some $11 stock sitting in my portfolio (and averaged down, so far to $9 and change). They still have a hill to climb to see $.50/share in after-tax earnings ($5.6mm after tax with current shares outstanding...which is well over $8mm pre-tax and does not account for the strong dollar that will be around for quite a while as we begin to tighten a bit here relative to the rest of the World.) At $.50/share they will have 114% coverage of the dividend (which is paid out of after-tax earnings) and may command a 15-17 multiple IF they can generate the confidence that they are not an "every other year" $7.50-$8.50 would be a fair valuation.

    The best hope for shareholders would be a take-out by someone like RedKnee or Synchronoss who might covet some of the relationships that EVOL has which they may not have and also with Synchronoss, the ability to use "inflated" currency (or even cash) to make an "accretive" acquisition from day one.

    Sentiment: Hold

  • Reply to

    Dividend is secure - listen to the Q&A

    by o08o.ugh64w Nov 10, 2015 5:07 PM
    solef63tread solef63tread Nov 11, 2015 12:28 AM Flag

    I DID, however, detect a slight schism, as Thad said he might personally favor investing in growth, but that the Board felt strongly about the dividend (and given that Justin Singer is a board member and his family owns almost 23% of this company I can understand why they might want their cash rewards up front.) Here is the transcript quote "But if you ask Thomas or I or Dan, we’d say we’re a growth company and the changes we are making with the restructuring, we think will give us the funds needed to continue to invest an initiatives to grow the company. So we’re all about growth, Thomas, Dan and I, but I believe you know from discussions with the board, board is very pro dividend and I certainly believe with them that the combined EVOL and SSM should be all sustain this dividend."

  • Reply to

    DA Davidson likely to upgrade

    by o08o.ugh64w Nov 10, 2015 4:58 PM
    solef63tread solef63tread Nov 11, 2015 12:24 AM Flag

    I don't think that D. A. Davidson has much of a following and the question the analyst asked was fairly granular about the two "wins" so not sure this has much meaning either way.

  • Reply to

    Please no more good news!

    by hweb2 Nov 4, 2015 12:04 PM
    solef63tread solef63tread Nov 9, 2015 11:16 PM Flag

    Concerned that the market is telling us the dividend may be cut or suspended. There was one covenant in the new loan agreement that they were a bit tight on, so they may play it safe and keep the extra $1mm+ in the bank this quarter. That said, I agree that the quarter will look rough on a comp basis and that 2016 is looking much brighter with the "wins" this year (which should begin to show up in backlog soon.)

  • Reply to

    Latest Short Interest Numbers

    by rmark0601 Oct 26, 2015 4:43 PM
    solef63tread solef63tread Oct 27, 2015 12:33 AM Flag

    There is no doubt that there is deterioration in the medallion loan portfolio any way you wish to measure it. TAXI seems to have been able to paper over some of that with one-time write-ups of the value of their sub-prime lending bank and other "tricks." This quarter the wallpaper may start to get thinner, so I am not sure you will see much of a short squeeze as result of their report. Just my humble opinion.

  • This is not some message board opinion, this is an annual survey done by the most prestigious and rigorious company for these things in the World. 1400 is not exactly a small sample size. Before you plunk down your $120,000 you may want to think about your car not starting.

  • Reply to

    What did LL say to Piper Jaffray?

    by abbyandconnor Sep 29, 2015 7:46 PM
    solef63tread solef63tread Sep 30, 2015 3:55 AM Flag

    They told them that they want to sell good wood at good prices! Evidently not impressed. Neither are shareholders. Too many cockroaches still to come out of the woodwork here. Value trap.

  • Reply to

    Market cap below cash in bank

    by qlt_2_the_moon Sep 28, 2015 10:08 PM
    solef63tread solef63tread Sep 29, 2015 5:51 AM Flag

    That is what people have been saying for a while; however, they are burning over $10mm/quarter so what you think is there, is NOT. This is the gang that couldn't shoot straight and before it is over they will have taken that cash and bought something shixxy with it.

  • Reply to

    Keep your eye on the ball!

    by swank818 Sep 15, 2015 9:22 PM
    solef63tread solef63tread Sep 16, 2015 6:01 AM Flag

    I thought they were buying back stock??

  • I didn't write is a direct quote from Crain's of a few days ago. If you want to risk losing all of your money to reach for a "red flag" dividend then ignore this at your peril!!

    "A state judge has slammed the door on a legal challenge by opponents of Uber, clearing the way for the rideshare giant to run traditional taxis off the road.

    In a decision unveiled Wednesday, Queens Supreme Court Justice Allan Weiss ruled that for-hire vehicles could use electronic hails to compete with yellow cabs—something they have been doing well enough to threaten the existence of the iconic 80-year-old industry.

    If that means yellow-cab medallions worth a collective $10 billion or so just two years ago become worthless, the judge suggested, so be it.

    “Any expectation that the medallion would function as a shield against the rapid technological advances of the modern world would not have been reasonable,” he wrote. “In this day and age, even with public utilities, investors must always be wary of new forms of competition arising from technological developments.”

    The plaintiffs, led by four Queens credit unions who lent heavily to medallion buyers, plan to appeal.

    “In the meantime, however, a catastrophe is unfolding, as an entire industry continues to be illegally destroyed, while elected officials allow it to happen on their watch,” their lawyer Todd Higgins said in a statement that apparently referred to defendants Mayor Bill de Blasio and Attorney General Eric Schneiderman. “It is a stunning abdication of leadership and responsibility that will haunt New York City for years to come.”

    The “catastrophe” he cited is the possible slew of loan defaults in the coming months if owners stop making payments on medallions that have plunged in value since peaking at more than $1 million and don’t generate enough income for the borrowers to repay their debts. No medallions have been sold since February, when two went for $700,000 each."

  • Reply to

    $100M shelf offering

    by dbtunr Aug 31, 2015 8:02 PM
    solef63tread solef63tread Sep 1, 2015 4:15 AM Flag

    You usually appear on "value" stock boards. This is a value "trap"...Last Q they pumped up equity and earnings by declaring (almost by fiat) that their sub-prime lending bank was worth more than they had it for on the books....voila $10mm. The quarter before they cashed in some one-time goodies. Read the current Business Week for a slight flavor of what is happening in their markets. Forget whether Uber is this or that; this company appears to be on its hands and knees. In the last 6 months the COO exercised options at $9.22 and flipped EVERY share at $10.41 (and the options had 3 years to run!!). He also sold $10,500 at over $10. The Chief Compliance officer sold about 2800 and Director Weicker sold 10,000 over $10.

57.90+0.22(+0.38%)Nov 27 1:00 PMEST