Regarding Gary, I don't think they have to file the trading plan with the SEC. If you search for this phrase, Google will probably pull up a nice file that I found that explained the rule. In general, the plan should be consistent, e.g. 1,000 shares per month, on the same day, etc. Gary still has about 100,000 shares, so if he only sells 800 per month that won't be a big deal. It would take him 12 years to sell all of them. Still, if they can get this stock up to $10 per share, I would expect to see several insiders sell shares. Only makes sense. It's not a profit until you take it. The 10B5-1 plans are still kind of easy to manipulate and it doesn't take much effort to cancel them either. I have seen a few companies do buys on a plan for a month or two prior to a secondary offering and then cancel the plans as soon as the offering was completed. Kind of tacky.
RULE 10B5-1 TRADING PLANS: CONSIDERATIONS IN LIGHT OF INCREASED SCRUTINY
As far as Sano Kunio, near as I can tell, he has never actually held any shares of common stock. Seems to get a fair amount of options as President of AEHR Japan, but unloads them ASAP. So far, I think there is nothing to really worry about.
As a long term follower of this, you might want to look at a 20+ year chart. Scam or not, it has gone from $350 per share to less than a buck. Sure there have been some runs up during that time, but anyone that has held the stock for at least a year has probably lost money.
Found this little article on capex that mentions Teradyne. From Forbes on Jan. 6.
Teradyne (TER, 17) of North Reading, Mass. manufactures test equipment for the semiconductor, wireless and hard-disk-drive industries. With $1.7 billion in revenues it has used its cash flow primarily for capital expenditures and acquisitions. Cap ex has nearly tripled from the lows of 2009 to $111 million per year, and the company has gained market share in most areas while the number of players in the semiconductor test industry has shrunk to three.
Teradyne’s acquisitions have also been successful. The most recent one, LitePoint, generated an ROI of more than 16% in the first year of ownership. Today the stock sells for 11 times forward earnings.
I thought about selling some shares up there also, but I had so much capital gains last year I didn't want to add to my tax bill. Since Jan. 1, she has come back down and I lost my desire to sell, ha. I think it is mostly profit taking from people with a similar thought pattern to mine. If so, we could go back up and get another chance to unload a few shares. I won't go crazy, maybe 10% to 15% of my position.
Good call assumption8888. Overall, I thought it was a pretty good day. Perhaps most of the short term traders cleared out.
If you go back to 2008, before the world crashed in on them, they had revenues of about $39 million. Taking out special events, they would have had earnings of about $0.75 per share for the year. Not sure they can get the same margins, but it seems a reasonable target. Don't forget we still have about $31 million in potential tax savings. That is a big bonus that would allow rebuilding a cash cushion or investing in new business, etc.
From one of my earlier posts:
This still has potential. No debt to speak of. $7.00 per share in cash. Price to book about 1x. Just need orders to move up about 15% or so and the bottom line will get a lot better. JMHO
The share count increase was a necessary and successful stock offering that kept the business running. I don't expect another one unless things really go south. If they can get sales up to $10M per Q, the bottom line will look much better. They have said for several quarters that the $5M mark is just a little better than break even.
At least the matched what they predicted. Now we need to see what nuggets they share with us during the CC. If they can keep making improvements in sales and the bottom line, this could still be a good one over the next couple years. I wouldn't mind holding out for $8.00 per share in a year or two. That's better than most of my holdings.
Longer term, I keep hearing more stories about removing GMO grains from the food chain. Personally, I am not sure it's anything to worry about, but less GMO would seem to mean more pesticides for crop protection. Cheerios this week talked about it and I just saw a blurb on CNBC from Hain Celestial talking about more foods without GMO.
Micron Technology (MU: Nasdaq)
By Needham & Co. ($21.73, Jan. 8, 2014)
Micron reported its fiscal-first-quarter results, the first full quarter with the combined Micron and Elpida results. The results handily beat both our estimates and Wall Street's thanks to continued favorable supply and demand dynamics in the NAND and DRAM markets coupled with an overall uptick volume shipments due to the Elpida acquisition.
Management's commentary on the Elpida acquisition was very positive, as its stand-alone performance met or exceeded the high end of its prior expectations. We expect to see further earnings-per-share accretion from Elpida, and believe Micron (ticker: MU) remains well positioned into calendar 2014 as supply and demand dynamics look to remain favorable. We maintain a Buy rating and raise the price target to $34 from $30.
Looks like someone took that 80,000 shares this morning. I saw a block of 71,000 cross. Looks like it cleared the overhead supply for now.
Interesting choice here. Irell and Manella is a high powered IP legal firm. At least Mr. Baskin lives in Newport
Beach, so travel expenses will be minimal. Just have to wonder if they are expecting some IP suits. Could be either to protect their IP or to defend themselves against someone else's suits. Thoughts?
American Vanguard Corp. (AVD) today announced that Mr. Scott D. Baskin has been elected as a new member to its Board of Directors. He will join the Board immediately and will become a member of both the Nominating & Corporate Governance Committee and the Audit Committee. Mr. Baskin will fill the vacancy created when then-director Jerome Coben opted not to seek re-election at the company’s 2013 Annual Meeting of Shareholders.
Mr. Baskin has extensive experience as a litigator arising from his 35 year career with Irell & Manella, from which he retired at the end of 2013. During his tenure at Irell & Manella, Mr. Baskin concentrated his practice on intellectual property, technology, real estate, business torts and securities actions for a multitude of corporate clients. A frequent lecturer and writer, he has published many articles on intellectual property rights, patent infringement, trial preparation and discovery. He was an assistant instructor at Yale Law School and clerked for Hon. Y.C Choy, United States Court of Appeals for the Ninth Circuit. Mr. Baskin holds a J.D. from Yale Law School and a B.A. in Political Science and History from Stanford University. He has also been selected as a Southern California Super Lawyer by Los Angeles Magazine every year since 2004.
Eric Wintemute, Chairman & CEO of American Vanguard commented, “We are most pleased to add Scott to our Board. He has had a storied career as a corporate litigator and, in that role, has been advising and representing corporations for decades. His strength in intellectual property rights will be especially beneficial to American Vanguard, as we expand our patent portfolio in both deliver
At the risk of being a downer, there is always a chance that things aren't going as well as we would like. I will just wait and see what they have to say on Thursday.
I agree, though I am hopeful, hope is not a good investment plan. We need to see what is going on Thursday. If we creep back into the black and orders look good, that will be all we need or should expect. The big question is, what will orders and profits look like a year from now.
Interesting day in many stocks. Last years winners down and last years losers up. It looked like just before the close, someone offered about 80,000 shares of AEHR at $3.05, but the trade didn't go through.
MINNEAPOLIS--(BUSINESS WIRE)-- Graco Inc. (NYSE:GGG) announced today that it completed two acquisitions in December 2013.
QED Environmental Systems (QED) is a leading manufacturer of fluid management solutions for the growing environmental monitoring and remediation markets.
EcoQuip designs and produces eco-friendly vapor abrasive blasting systems for coating removal and surface preparation.
“Both companies operate in attractive niche markets where Graco currently has little or no exposure,” said Patrick J. McHale, Graco’s President and Chief Executive Officer. “We expect that the specialized fluid management products of QED and EcoQuip will benefit from Graco’s commitment to innovative new product development, an exposure to a global distribution channel, and the Company’s expertise in manufacturing efficiencies.”
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FWIW: ACO is almost at this price target. Have to admit I am a little surprised the share price has recovered this well after the last report.
AMCOL International Corp. (NYSE:ACO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, American Banking News reports. The firm currently has a $35.10 target price on the stock. Zacks‘ price target would indicate a potential upside of 2.45% from the stock’s previous close.
We have talked about this before, but there is a good article in today's WSJ about more integration with autos. These controls will have to be tested. When we start letting the car drive itself, you don't want hardware failures. Should be good for AEHR Test.