I don't think those plans are disclosed. It would be too easy for traders to front run the orders if the info was public.
OK, I am just guessing like both of you, but it does look like his plan is set up for sales over $3.00 per share. Usually these are set up for a number of shares each month or so, but maybe you can use any rules you want. At this point, he still has over 90,000 shares. The next consideration is that there are about 240,000 options owned by several insiders that expire on June 30, 2014. These have an exercise price of $0.85. Larson has 30,000 of these and he must do something with them as will the others. That means he need to come up with about $25,000 to pay the exercise price I think. He has sold $27,030 of shares so far, so maybe he is just getting enough funds together to pay for the exercise of the options. I don't expect to see $3.00 again until we get some news and the market in general is looking weak again. It would be a major vote of confidence if these insiders all exercised their options and kept the stock.
Pulled this from Barron's this week.
CHIPS ARE AN INDUSTRY IN transition in many respects. One or two waves of consolidation have happened in the past few years. Companies such as Texas Instruments (TXN) have gotten out of the mobile-chip business for tablets and smartphones, instead focusing on analog chips that process the real-world signals of sound and power in applications for automotive and industrial applications. That transformation has helped protect TI's profit margins; analog generally enjoys richer profits than, say, microprocessors. TI, along with a fellow analog name, Analog Devices (ADI), fetch below-average multiples relative to the semis, at 22 times and 23 times, respectively.
Yeah, I kind of agreed with Micron Warrior. Not a bad report, but not enough to get the stock moving. Need to get the Fox 1P delivered and a couple of orders placed. I am not in a big hurry. If this is going to be a much larger business in 3 years, I am OK with that. I don't have many other investment ideas that look like they could triple in 3 to 5 years. I think we could see $10 in that time frame if all goes well.
Interesting article with a link to an audio interview at the end. If you do a Google search for the text below, you can find the article. Yahoo won't allow me to post the link. I also posted the article on the IV board.
precisionpays Raven industries global expansion
I tried to listen to that part of the call again regarding the question from Geoff Scott. I thought Gayne said something like: "We have brought in additional 3rd party and contractors to help with product development and provide expertise."
He thought this was good thing and I tend to agree. The nice thing about bringing in outside contractors is if you don't like the contract employees, they are easy to get rid of. And, on the other had, if you do like them, you can just hire them away from the contractor. Seems unfair, but happens all the time. Usually, the hourly cost isn't much different whether they are contract or regular employees.
Yeah, I got mine in an email, but it's also on the SEC page as an 8-K filing. Kind of odd it didn't make the PR newswires like usual.
Wonder what Warren L's plans are for this group of companies. His recent interest in ATNY kind of fits in with SLI and the SXCL group still has a fair amount of cash. Is there some way he can combine all of these into a decent company and clear up any long term debts and EPA issues all at the same time. If so, which company will survive and which should someone without knowing the plan invest in. Maybe all three?
March 26, 2014. In an Sec Form 4 filing today, it looks like Bruce Toll of Toll Brothers just sold 4,333,333 shares of ATNY back to the company. These shares were in the form of 26,000 shares of preferred stock convertible into common. The company paid $27 million to redeem these. That is a considerable premium to the $3 per share trading price. Does anyone know whether these carried a high dividend rate?
OK, I watched the interview again, this time all the way. He is still a strange bird, but if he can cover the globe with Raven balloons, more power to him. He is a forward thinker and we certainly need some of them. Otherwise, all we can do is just make fine adjustments to what we have. We could probably make really efficient horse carriages now, but that might not be the best place to put our efforts.
My wife and I both watched part of the interview and both thought he creeped us out a little bit. It's really the first time I have seen him interviewed. Hope it works for Raven, but it didn't make me want to buy Google stock. They are experimenting with many very interesting projects, so maybe he is better in the background.
Anyone notice that Spansion - CODE - has gone from about $10 to $17 in the last months? Wonder what percent of AEHR's sales going forward will be from Spansion.
They usually only provide that in the 10-K, but at the Q2 CC, they did say the backlog was still up from the 10-K number. They may or may not update that number this week.
From the 10-K
At May 31, 2013, the Company’s backlog was $9.1 million compared with $7.3 million at May 31, 2012.
Interesting on that trade at the close. I think there are only 4 institutions that own that many shares, but there may be some who want more. There are several other large individual holders who could sell that many perhaps to a Tute. There are also several insiders who have options that expire coming up June 30th this year. We might see a Form 4 next week if one of them exercised and sold. It is a little over $200,000 so it would be a nice gain for one of them. Still, it might be an OK thing if an insider sold to a Tute. I might do that with part of my shares if we ever get over $10. May as well think big I guess.
I feel better now about my small new position in ATNY now that Zacks gave them a strong sell this morning. Might get a chance to pick up a few more at a discount.
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
• American Science & Engineering, Inc. ( ASEI )
• Analogic Corporation ( ALOG )
• API Technologies Corp (ATNY )
• ARM Holdings plc (ARMH)
• Banco Latinoamericano Comerc Exterior SA (BLX)
I never thought this was going to have a material impact, but probably good to have it cleared up.
The Justice Department has dropped its foreign-bribery probe of SL Industries Inc. without filing charges, the power technology company said.
The Mount Laurel, N.J.-based company said in 2012 that it voluntarily contacted the Department of Justice and the Securities and Exchange Commission about an internal foreign-bribery investigation involving employees of Chinese subsidiaries.
The company said the Justice Department told it the inquiry was closed in late September 2013; it said it has not received an update from the SEC.
Still don't own this right now. I would like to hear these guys do a conference call just to get an idea how they handle themselves.
Revenues seem to be leveling out to up slightly, and earnings are better, except for special events and goodwill impairments. They might be able to earn $3.20 per share in 2014 if they can avoid special charges. If you take their best Q1, 2, 3, and 4 from the last 3 years, they are all over .80. Can they get 4 quarters in a row at those levels? Who knows. My spreadsheet is a mess with all the special charges over the years.
They are hedging copper prices, but those have been going down and could cost them money if that continues. Still, customers don't really expect product prices to drop much when copper goes down, so maybe not a big impact. If they were selling copper wire, that would be another story.
In an attempt to limit the volatility of copper costs, the Company has in the past, and may in the future, enter into purchase agreements for copper. As of December 31, 2013, inventory purchase commitments for copper totaled $2,300,000. As of December 31, 2013, no purchase commitments for copper were greater than nine months.
Also see that employment is flat from last year, but at 1,400 now it is down 200 since 12/31/2010. Not much growth there.
As far as goodwill, I saw this from the 10-K:
The goodwill impairment was primarily due to a decline in medical imaging equipment market sales during the year coupled with the cancellation of a large solar contract during the fourth quarter of 2013. This resulted in the TEAL reporting unit having lower sales and cash flows for the year than previously projected and lower forecasts of future sales and cash flows for the reporting unit.
Goodwill totaled $17,666,000 and $22,735,000 as of December 31, 2013 and December 31, 2012 (representing 16% and 21% of total assets), respectively.
Yahoo probably won't allow me to post the link, buy if you search for the title, you can probably find the article. Says farmers have been cheating for years on refuge acres, and now we pay the price because the little critters are not affected as my with the BT corn. Greater refuge acres would be good for AVD. Found the article on Wired Science.
Voracious Worm Evolves to Eat Biotech Corn Engineered to Kill It