On Friday after the close, with after hours trading. The print on Yahoo is impressive. After hours CAMP adds another $25 million in value closing at $29 per share.
The reality: 48,000 traded in after hours on Friday afternoon (CAMP added $75 million to the value of the company on Friday alone). All of those shares traded at or near the Friday closing price of $28.26. That's right.............all 48,000, then the after market trading stopped for nearly 90 minutes, and then like magic in the last minutes of after hours trading 700 shares on 4 separate insignificant trades at $.75 higher per share.
The Yahoo print is impressive...............but false. Sellers were unloading at the closing high. Don't let the Hedge Funds make a bag holder out of you. CAMP has added $600 million to the value of the company in the last 3 months. Why? Because of a $10 million potential annual order to the insurance industry? Not $10 million per year in profits...............$10 million per year maybe, if that much, in sales revenues.
The Bubble mentality is alive and well.
PE of 45+..........................If one uses a 5% or 10% capitalization rate on the market capitalization CAMP will need to report GAAP profits of $1.65 to $2.75 per share in real GAAP profits, not the manufactured tax loss carry forward of $.89 per share that the company used last quarter to make it appear that the company was actually making that kind of money on a per share basis.
This may explain why insiders, the financial advisor and a former CEO of the company, sold shares in October and November at $23 and $24 per share. These two individuals sit on the BOD today. Hedge funds will run up the share price, and then run it back down. Probably starting on January 1st 2014.
Using management's own guidance: An investor today would need to wait 5 years for today's share price to meet the reasonable per share GAAP earnings needed to justify the valuation of $1.1 Billion for a company projected to do $275 million in annual revenues. Even if analysts forward earnings projections are met, CAMP is more than fully valued with a real PE of 30+.
Drive the share price to new lows. Not to worry, IR is incapable of doing anything to pump up the share price.
The actual tape is the slowest and most identifiable walk up and walk down by a MM on the street today.
WG is a pathetic long term investment vehicle. Why fight it? Short/sell this stock into oblivion with impunity.
After listening to the New Orleans speech (the same exact one given a year earlier), it is clear that Oil & Gas will continue to erode any economic upticks for the enterprise. Why does the company commit itself to low paying, money losing operations. "it's competitive" is not a valid excuse for poor execution and a failure to do DD before signing up with one of the good ole boy companies that ask you to perform work for below the cost of production.
Hence, while the rest of the Oil & Gas Construction industry prospers...............WG continues to fail.
In the sector. Really kind of sad. $100,000 to send Harl to NYC, NO, Hotels, Dinners, Salary, Fuel Costs For The Corporate Jet.....................and IR follows it up with ZERO PR.
Market senses more weakness from WG. Share price falls on Monday............
Due to the announcement of a potential $10 million per year gross revenue component supply possibility to the insurance industry.........................seems logical to me. The day before CAMP added $45 million with the announcement of an acquisition of a company for $6.5 cash, a company that does $5 million per year in gross revenues. More market logic all in two days.
CAMP will do $275 million in revenues this year................
$23 to $24 per share???????????????????????
These multiple individuals include the financial advisor to the company, former CEO, and both are current BOD members.
Stop with your disinformation campaign. It would not surprise me whatsoever if you are in fact Marxevan. How many aliases are you running now? 300+
I will post 218,000 for you to buy them at $10 even..............
Pocket change my man.
Almost to the minute, and then it plummeted just like I said it was going to.
But I still have another 50,000 shares to sell. Tell you what, it is 2:50 EST Friday, OK, I will knock $.50 per share off of the 25,000 I said I would sell you this morning. They will be posted at $11.25 within minutes.
Spanspur only takes cash.
It was 165,000 shares of AK Steel beginning at $3.30............
Both of you clowns (both of you are named John Howard of New Jersey)
need to get your stories straight.
It doesn't matter as long as both of you are happy.
Beautiful day here in San Diego. I think I will go outside now that it is noon, have lunch, and then head to the beach.
Is it still ugly in Nueva York. Lakers beat Minnesota tonight...........
Here's your chance to embarrass Spanspur for selling. Just tell me how many shares you would like to own at $9 and I will sell them to you. I have to buy a Christmas present for Mrs. S..............
Spanspur's present came from AK Steel. $700K profit in 6 months. But thanks for thinking of me in this Holiday Season....................
Camp has added $150 million in value in the last 4 days.
Management's own guidance: $.16 to $.18. What is happening now is the channel stuff. They have competition in all their markets. One will be able to buy the stock a lot cheaper in January 2014. Watch and learn. For example: Today alone the stock has added $50 million in value. The entire vehicle tracking business in 2014 is set to produce $6 to $10 from all their markets. You say go ahead and short it, I say go ahead and buy it, CAMP has tripled since January 2013, and was up 170% in 2012.
CAMP will do $275 million in revenues this year..........the PE you refer to is artificial. It was created by Vitelle (CFO), and management by accelerating and taking 100% of their tax lose carrying forward ($.89) of that PE is from the tax loss carry forward.
Now is time for the channel stuff..........
Management's pump going into the earnings cc is a perfect opportunity. January 1st the real sell off begins.
Once again, When, if ever, do they have a PR announcement about a NEW sales or deployment?
Honda is not deploying CDTI technology as they stated they would in the 2012 September press release.
Accept your loses and move on. CDTI management is inept & completely incapable of building out the company from here. They can't even put the company up for sale properly.
I starting laughing when another poster called the PR guy and mentioned that the company is still trying to determine how to become a "technology licensing company". Holy cow, sure morons, industry executives,
take another year or two to come up with a basic plan................Why rush things after years of nothingness.
Industry multiple for acquisitions in this space is 1.6X revenues. With a market cap now at $1 Billion, having almost tripling since January 2013, Where to from here?
What do you think about the new round of insider selling/dumping? And management's scheduling of the PR.....................you like CAMP at these levels? Buy. Remember management's own guidance. $.16 to $.18 per share. PE now at 47X................