Change can be your friend if you think management is credible. The sale of the low margin business and the renewed emphasis on stronger growth engineering will make this a loved company again by the end of next year. Long term sales growth and cash flow are good. This looks like a winner.
I think this company is a play on improving municipal finances. Obviously their relationships are strong in Fla. Perhaps JDL will win more business in that segment now that many municipal finances are improving. Also, Suttle introduced a few new products that are selling well. Third, this company is highly qualified to implement the ERP program to lower costs and introduce products. I assign a high probability to that investment translating to a much better bottom line. Throw in a few insider purchases and 400,000 remaining in the share repurchase program and I think we have a winner. Maybe a snail, but still a winner. I can handle a snail winner that pays 5%. Last, it's it's always nice to see a few buddies on the board.
that hasn't stopped someone from loving this dog. I notice Linda Heil hasn't filed form 4 sell. Maybe she knows something we all should be told. I mean, she quit the board last year. Why would she not sell? Judging from her comments on a conference call last year, she isn't what I'd call a bright bulb. I suppose I should be happy with my modest position, the heavy volume and the rather vertical price spikes.
You, my friend, are definitely right about the cash flow. But I don't need an accounting book. I just need to be a little more careful in noting when the entry description changes from cash provided to cash used. Cutting and pasting causes lots of mistakes, which I should have caught when cash flow wasn't adding up. A good auditor would have quickly pointed out my error.
That is only technically true. If it weren't for the $14,000,000 received on sale of cooling segment, cash flow would be negative for 2013 9 months. A/R is very high. It seems the company lags a quarter or two in collecting payments. See 2008-2009 statements. These collections should appear in the next two Qs. However, next quarter, the deciding factor won't be cash flow. It will be the backlog and new business announcements. The piping backlog is lower than it was as of 10/31/2012.
The upswing in the EU economy looks like it's having a positive effect on sales. The last earnings report was better than I expected. My breakeven is about 13. Growth may accelerate in 2014, then it goes back to $20.
I think there may be some downside risk due to interest rate headwinds and near term government shutdown, but if the economy picks up, this stock should easily provide excellent returns. Insiders have been consistent buyers. There's been a little M&A action in the hotel reit sector. I bought a small starter position.
Looks like that new product is rolling out the door. Trading around 1x book and a slight premium to Net Current assets. So was this a one time or once per year type delivery or is this cash flow ongoing quarterly? If the latter, the stock price should be around $12.
it's always a good time to re-evaluate when things happen "for no reason whatsoever." Large insider purchases; they own 11%. Stabilized slow growth, improving CA finances. Impressive cash flow. Control value in contracts. Small cap range bound stock stuck with public company expenses with large well-capitalized competitors, such as Tetra Tech and AECOM. It's worth a gamble below $4.
Not much information from this CC. California counties continue to recover slowly and are hiring additional outsourced staff. SCE Energy segment contracts dribbling in: $4,000,000. Speed rail maybe moving dirt in Dec -- IMO, may be delayed again due to the route change. Over all it was about as I expected, 11 cents vs 11 cents. Q4 quarter guidance: "we expect to be profitable". Q4 2012 was 4 cents -- maybe an easy beat IMO as energy contracts add to the bottom line. Q4 2012 operating cash flow was 5M. If it can be matched this Q4 then all of 2013 cash flow would be $12M. Maybe there was a timing issue that brought some Q4 cash flow into Q3, I don't know. But even if Q4 op cash flow is only $3M, geesh, that would be $10M this year for a company with little capex and no debt. Book value is $2.59 and cash per share is $1.40.
I don't think I've ever seen a biotech abandon an equity sale agreement. If Northera is approved, CHTP will need cash to market. Partnership in the works?
Yeah, they navigated the plummet in refi pretty well, but ask yourself how they are going to grow deposits? IMO, interest rates are going back down. There's no inflation. Economic growth is anemic. They might add a few pennies per share every quarter and the stock might go back to $9, but how can this bank grow?
It appears that it will be revenue positive next year, which is kind of amazing for a young biotech. Now that the FDA has made a negative statement, future catalysts seem on the positive side. I bought a few shares.
Sentiment: Strong Buy
When I invested in this stock, coal was in free fall, and in many ways it still is. But CNX has a lot of attractive assets: cheap coal and natural gas. This could go a lot higher.
Fresno to Tulare segment up for bid. Due Dec 6. "Those making the short list will be selected based on experience, technical competency, ability to perform and other factors, it says. The shortlisted firms will then be eligible to submit formal design-build proposals in 2014." Contract value estimate: $1.5-2 billion. See the Central Valley Business Times web site.
I wondered the same thing myself. Why bother with vague corporate blogging? Either they landed a huge account, in which case they need to issue a PR, or they didn't.
The $5.85 buy turned out to be excellently timed. Now the stock is moving UP during a government shutdown. Odd for a government contractor. Oh well, you never know, right? The reason, if it matters, is debt reduction and cash flow. I'll evaluate the position after the big rally post government restart, sometime in October or November. Merry Christmas!
I had bought around 80 then 70 then 60 then 50 then 40 then 30. Overall it was heavily weighted in the forties. The profit looks good to me. Time to deploy capital elsewhere. Good luck
I neglected to mention that I'm holding based on AFOP's big run. But AFOP isn't worth that either.