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Joe's Jeans Inc. Message Board

spencer_has_arrived 10 posts  |  Last Activity: Jun 28, 2016 4:39 PM Member since: Jun 2, 2005
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  • spencer_has_arrived by spencer_has_arrived Jun 28, 2016 4:39 PM Flag

    WG? or maybe some of these new upper management hires that made us go into the red for the first quarter will pay off and we will actually get some EPCM contracts or something?

    Sentiment: Strong Buy

  • Reply to

    Amended sec filing

    by gjcarlson Jun 15, 2016 5:45 PM
    spencer_has_arrived spencer_has_arrived Jun 15, 2016 7:02 PM Flag

    No big deal... Just paperwork. Section III needed more clarity or at least clearer reporting. They sure own slot of stock and have more awarded and agreed to buy more

  • Reply to

    Insider purchase yesterday

    by spencer_has_arrived Jun 8, 2016 3:05 PM
    spencer_has_arrived spencer_has_arrived Jun 8, 2016 8:34 PM Flag

    Well that's not how the form 4 reads it states Sr. Vice President bought 40,000 commonl shares and then gave his wife power of attorney.In the options derivatives area there are no checks or marks claiming it was options. On the file form 4 there is a area to specify call/put actions and that's all blank. I don't know why your persistent in trying to be pessimistic about even the smallest of positive actions or news but regardless have a great day...i guess... As for the other stuff maybe they sold some stuff to Jacobs but they aren't specific.

  • spencer_has_arrived by spencer_has_arrived Jun 8, 2016 3:05 PM Flag

    $ENG: New SEC Filing for ENG:

    Form 4

  • spencer_has_arrived spencer_has_arrived Jun 8, 2016 2:57 PM Flag

    No not exactly... JEC has a market cap of 6.3 Billion they are 1000 times bigger

  • One upgrade to the segment of their sector they specialize in.....and smiles. Last year and a half was brutal and it took the oil/energy nearly collapsing to finally hurt $ENG for a quarter. This also happened with them at the caboose end of a restructuring of the entire business....but they survived.
    Even with revenue cut in half, hiring several talented employees, and roughing thru the first three months of 2016 they still lost $700,000.00 and that could be contributed to a increase of payroll but thats what they said they were going to do.....Backlog grew over 30% at the end of the 1st Q into the second and companies inquiring about their service grew double digits...this doesn't count the last several new contracts they have coming online in the second half of this year..... and yea thats the job of the market maker to lower the PPS so investors/insiders can get the best price on their options or insider purchases ...i dont like it either but thats the game and its just the way it is....its going to take a little longer to get the mojo back but they could have a acquisition lined up right now that will make revenue and growth explode and thats all it really takes for ENGlobal to pop and move up again...they had 6 profitable Q's in row and one barely miss.....things move at a snails pace and everyone is still trying to shake off what almost happened and could happen again.....united states government and energy businesses are the future for global swing demand ...not OPEC. Englobal will do well.

    Sentiment: Strong Buy

  • Reply to

    Well, what do I know

    by gjcarlson May 11, 2016 5:21 PM
    spencer_has_arrived spencer_has_arrived May 11, 2016 6:29 PM Flag

    You seem to know a lot and you care or you wouldn't bother to post ...after reading briefly the 10q seems they spent a little more money for talent.... I think given the downturn and positively crippling situation for energy that even a small loss is positive..all things considered... Englobal still one big contract, one acquisition ,one upturn for the sector, one buyout away from things being great.

    Sentiment: Strong Buy

  • spencer_has_arrived by spencer_has_arrived May 10, 2016 8:25 AM Flag

    Management's Assessment
    Mark Hess, ENGlobal's Chief Financial Officer stated: "As previously indicated, our year started slowly and was characterized by lower utilization of the Company's resources. However the positives are that the Company has observed an increase in proposal activity and a 37% increase in backlog during the first quarter, centered primarily on downstream and automation related projects. As work is being initiated on an increased level of backlog, utilization into the second quarter of 2016 has shown improvement."
    Mr. Hess continued, "ENGlobal remains well positioned to successfully navigate through the current industry environment - namely we have maintained a substantial cash balance, had positive cash flow from operations and had no borrowings from our working capital line during the quarter. We are also active in considering both internal and external opportunities to grow the Company."
    William A. Coskey, P.E., Chairman and CEO of ENGlobal added: "One ENGlobal response to the current environment has been to opportunistically invest in our business, primarily through the addition of highly experienced project and business development professionals as they become available. While there is obviously a short term cost to this strategy, the Company fully expects to benefit over the longer term through an expanded customer base, wider list of offerings and participation in new markets."
    Mr. Coskey continued: "The early signs regarding the addition of key personnel are encouraging, based on positive trends in both proposal activity and backlog witnessed during the first quarter. In addition, we have coupled these longer term investments with several prudent short term steps to further reduce operating costs."J

  • spencer_has_arrived by spencer_has_arrived May 9, 2016 5:38 PM Flag

    That's called "painting the fence" ... 10q is coming out tomorrow as per a email I received from investor relations... Probably no fireworks so don't everyone get excited ..? slow and steady.. Oil gas energy in general firming up and service industry went up last quarter so maybe we will continue to climb the rest of the year

  • spencer_has_arrived by spencer_has_arrived Apr 29, 2016 2:27 PM Flag

    No ceiling...over $5 not out of the question

    Sentiment: Strong Buy

0.19010.0000(0.00%)Jan 28 3:59 PMEST