The company is producing positive cash flow. The company has approximately $180 million in cash. Remember, every 90 days positive cash flow is taking place and being saved. Then consider the actual proprietary assets, facility, team, and business relationship, i.e., CAT, TOYOTA, etc. Train Control is going to begin a new ramp, and CAMP is involved in many other pilot programs, i.e., insurance, etc.
But I would call everyone's attention to the nature of the recent borrowing. Everyone, including myself, was blown away by the rate, the hedge created by the borrowing, and the inclusion of options for the lender, which I believe were at $26 per share. CAMP was given a $135 million at less than 2%, I think it was something like 1.7%. I have never seen a borrowing like this in my time. Even a strong balance sheet company like CAMP, with cooperative lenders, would pay at least 2pts over Libor, or in the neighborhood of 4% to 5%. Like I said before, the borrowing was a real curiosity.
Either the lender is foolish, or something is in the wind. There can be no other answer. The lender of the money ($135 million) knows something all of us do not....................They would not be putting out that kind of money without some assurance that a higher than $26 option price was coming their way.
It will be more failure. At this valuation a reverse split will not work. Looks like WG is heading to the pink sheets where this POS and its POS management belong.
How embarrassing it must be to be John McNabb. A total loser loser who never did anything to earn his money. Remember they are still paying themselves millions per year.
Good points. The Toyota news is on par with CAT. Maybe not as much hardware, but a lot moRE units. Toyota Largest in the world. "Platform services" is an interesting description, What does it mean? Tied into Camp's Cloud and network?
Has screwed up this vompany and the underlying stock. We are all fluse with cash and no one will buy ant shares. Great job management, everyone will merely wait for another bogus secondary.
Your stock has never held a price game in the 3 years I have been here. So why buy the stock.
And I pick up a check this afternoon for $680,000 Tax Free..........
Of course, a great properties (fixer) is being dealt to a Chinese national.
Loving it, fortunes will be made buying good companies. I am buying some companies this morning g near the lows.
The msrket is a funny thing. Company signs a major deal with the world's largest Forklift Manufacturer in the world and the company lost at one point $60 million in value?
If you are selling today you are being fleeced.........
1.1 Trillion in shareholder value erased lsst week, and now this morning. If it gets any lower a recession will take plsce. There is going to be fortunes picking up yhe pieces.
Corporate earnings are solid........
A September 2014 report which you can get by asking which FL manufacture is the largest in the world.
Toyota was reported to have 26% more sales that the next competitor annually. Also the gap widened with Toyota taking market share. 12 years in a row Toyota being the largest manufacturer.
If Camp ends up tracking the FLS over it cloud network this is beyond huge. Camp is now supplying the world's largest producer.
Good companies throughout the market being gifted away.
If Camp components aRE now in every Toyota forklift TV his is huge. If Camp's cloud network is the tracking service it is major huge. The announcement seems to keep us guessing.
Will the CAMP/Toyota alliance track each forklift over Camp's cloud service?
Probably time for a call to IR for clarity. Is not Toyota the largest supplier of forK lifts?
I believe you are correct. But the cloud and uncertainty that is hanging over the market is what is dragging the stock down. It could continue lower imo.
CAMP management should not be in a hurry to make an acquisition, but be prepared to take advantage of TRUE VALUE. Burdiek & crew are technically savvy, and Vitelle is CAMP's best executive CFO ever. He is a capable and knowledgeable operator. A big leaguer batting 360............
The company needs to bring revenue and bottom line performance and today's price offers value.
Go into Deb's list of posts. Same game, want's to see the trades, and someone named RoryRae is chasing her.
OMG! Billie has gone off the deep end. Must be the searing heat of summer. Years ago he admitted to me and others that he has Yahoo ID disorder. He also confided in the board that from time-to-time he is admitted to mental health facilities when it is necessary to get him back in working order. He boasts of his time spent in prison 3 decades ago as a badge of honor. It is well known, and I do not care one way or the other, that Senor Bill is gay. Who cares today anyway. His addiction to crack cocaine are also well known
via his own admission. The alcoholism I thought he had a handle on, but apparently something has happened and he is on another binge.
Bill, time to check in with the therapist. I do not need this in my life. I am not RoryRae, anymore than you are Sherlock Holmes and I am Moriarity.
As the country and our economy move more and more to third world status.............China now dictates the terms and conditions, and America falls in line.
Lives and industries do not matter to American politicians.
A commentator on Fox an hour ago stated, "we no longer have a steel industry".
When did billie start changing his underwear? I thought he was still changing his drawers like like a DPF filter, every 2 to 3 years, or every 300,000 miles.......which
ever comes first.
No wonder he cannot get a date...............
While everyone wonders why a US Secretary of State had a private server in her bathroom, and the lies that she has already told during the investigation..................everyone should recognize that this is just a walk down memory lane.
On the day that Vince Foster shot himself in the back of the head in the White House parking lot, Hillary Clinton dispatched Bernard Nussbaum White House counsel, and two of his subordinates to, as described by Thomas Sowell noted economist, to RANSACK his office. And they did. They also removed (6) Top Secret NSA Documents, which were then delivered directly to Hillary, wherein she testified that she placed them in her bedroom closet where they were secretly held for 2 weeks.
These are not my words, they are congressional transcript and Washington DC Grand Jury testimony. Hillary has the rare distinction of being the first, and the one and only, American 1st (she is not a lady), to be supoena before a Grand Jury and asked to testify, to explain her actions.
1. Why would the wife of the president even have these documents in her possession?
When Nussbaum left Vince Foster's office that evening the Secret Service agent positioned outside Foster's office asked him as he left, "Bernie, are you hiding something?". And he was.
The Clinton's got a pass because they were useful technicians. And the merger had not yet been fully completed. But the enterprise that they have operated starting back in Little Rock at the Rose law firm, and operations like White Water are over with. Bill's speech engagement fees are about to plummet like Enron stock. The Little Rock days are over with.................
Yhe stock at its nadir in 2013 was $.89 I believe. It was hit after the secondary via Roth at $1.24.
Interesting to note there was no saw tooth upside churn with that one. The stock was trading as high as $3.30, and I remember purchasing shares at $3.08 after believing the PR about Honda using cdti across its entire plstform. It never happened, but I was stupid enough to believe them. The perfect fish. The stock declined to the mid $2's, hovered above $2, then $1.90/$1.80. Then $1.60, then the phone call from Roth. The secondary before the open will be at $1.24. Plus you received a warrant at a reason able price. "The company is desperate for cash" the representative from Roth said. NO THANKS! Overnight and out of the blue 30% of the company was dealt for $1.5 million, and shareholders were irate. At the next cc it got ugly with oNE shareholder demanding the immediate sale of the company. Most of the money that took it to $3 was mine. I owned 3.3% of the company at that time.
The same game is now being run, and shareholder value has been diluted and damaged. The persona of the company is terrible. But the con game that is being run now is the Durafit market, and or Spinel.
Today CDTI has to raise $6 million per year to keep the lights on.
Management never talks about increasing shareholder value, because they no they cannot. Management talks about the long term future of the company.