I have started to nibble again. Nice insider purchases. Share purchase program. Priced at about 53% * BV. Despite that there appears to be zero earnings catalyst for the foreseeable future, what with energy prices slumped and key markets weak, I can't help but think that the stock price will edge higher -- maybe about $9 -- when increases in worldwide liquidity begin to take effect -- maybe June or August. I expect to make a pretty good return.
Sentiment: Strong Buy
Hey, you're the one that screamed pump and dump in the case of a measly $20,000 sale. But the buys I'm talking about were filed today. Not huge, but they do make your pump and dump theory highly doubtful.
The board is the right one, but you misread the news and the subsequent sale. There are insider buys filed today at higher price. JCS management is very shareholder friendly. JCS is overweight in my portfolio. It's in GAMCO portfolio. My long time experience reading Yahoo message boards leads me read your posts as very bullish.
Sentiment: Strong Buy
Does the person I'm buying from think I'm that dumb as to chase the ask up 10-15%? Hey, Pocahontas! Go make a spread somewhere else. But I do thank you for your shares.
They're buying HQ fo5 $7.6 m 2nd half 2015. They're buying a SAP system which is usually $$$. The agreement with Invetech appears to put them on the hook for maybe $5 m before approval and possibly $25 m after. So it's not a trivial amount. Cash and Equiv last 10-Q was $45 m . They're burning about $15 m per quarter. Now suppose FDA issues a complete response with request for more information requiring another trial? It may be hard to make ends meet at that point without issuing a lot more shares. Or worse, what if AGS-003 is actually approved and $25 m of work is contracted in order to have production in place, but expected sales do not materialize? All I'm saying is that ramping up manufacturing during P3 is always a risky bet. The bet makes me feel a little uncomfortable given the $172 m market cap.
It is beyond my comprehension why management is not throwing fistfuls of dollars at this, but I am. Maybe China is coming unglued. Maybe coal prices are permanently impaired. But CLD is worth more than what it trades at today. Good management, low cost operations, big bankruptcies which will shut down some production. And maybe the dollar has topped, so exports become a viable option again. I used the proceeds of my CNX sale to fund this purchase.
Sentiment: Strong Buy
A great company selling at 58% * BV. Earnings may be under pressure for a while. But I like their methane retaining pumps and I like the down to earth management. No debt. Goodwill and intangibles probably not high enough. Might be cheaper in the fall.
For the record, I tried posting the above at least 10 times using sophia.leghorn. Yahoo deleted every one. That's why I created a new ID.
Easier to listen to their Nov 14 conference call. Jon Wheeler said FFO covering the dividend was "right around the corner" but to me it looks like ongoing expansion with high transaction and SGA cost. I wish they would have cut the dividend rather than issue the preferred. Too much debt. Book value low. Insiders were buyers above $4 for quite a while -- now AWOL. Guess it was a dog and pony show. Made a mistake here
No doubt you are right, but ACY doesn't really have what I consider to be real investment potential. It's a finance company that doesn't pay a dividend. It needs a lot of capital to maintain earnings. All of it's book value is tied up in the value of small planes. And the related party section is a bit too unseemly for me. So, yes, I think you'll make money from here, especially given the insider purchases reported just a minute ago. I'm happy with my 48% return in two weeks. Best of luck.
H-REITS are on the plus side today. I think the sell-off is over done. Interest rates will probably be capped by the dollar and the commodity sell-off. At best, interest rates may slowly rise over the next 3 years. CTRE will be fully valued at $15.
I'd like to thank the hard working people doing the day to day work at ADUS, who, if Glassdoor is a true indication, are completely overworked and underpaid. I'd especially like to thank the wise guys that walked the stock down on dimes and quarters to $21.5 the day before earnings -- NICE WORK! ADUS should do well from here as long as the state of Illinois can pay its bills, er, I mean the state AND, now, the MCO. But I'm sure it's going to be fine. Good luck.
I'd like to thank Mr. Beaumont for his cooperative instigation and the fine gentlemen at Jetfleet who were so kind as to wave their hard earned fee so ACY could post blow out earnings and we could all come together today. It's great making money. Best of luck.