I suggest you look up the difference between investing and trading.
And again I ask in all your infinite wisdom, how much money did you make on FORD today?
Any stocks you actually own? Or are you one of those people who hangs out on a message board just talking smack about various companies. Never brave enough to actually put his money where his mouth is. Go ahead and short FORD right now if you dare!
Oh and I never said they have no debt. Funny thing is even though the 10Q revealed that the earnings were mostly smoke & mirrors and the stock should drop hard tomorrow...it has so much momentum it will probably go up anyway. Company could be facing a number of lawsuits for not disclosing the 1-time gain in earnings release this morning. So much for having all the legal stuff behind them.
The 10Q was released after the close! When it reveals that the earnings were almost entirely from a 1-time gain, I change my mind. What do you do?
Yikes nice find! Sorry guys looks like there was $400K in 1-time income in the quarter from an insurance recovery. That wipes away almost all of the earnings. Surprised the stock is up AH. I was happy to sell mine.
General and Administrative Expenses
General and administrative expenses decreased $0.6 million, or 62%, to $0.4 million in the 2015 Quarter from $0.9 million in the 2014 Quarter, due primarily to the following:
$0.4 million insurance claim recovery related to the lawsuit and subsequent settlement with the former CFO;
$0.1 million in savings related to the vacancy of the CFO position during the quarter; and
$0.1 million combined reduction in legal fees related to the defending the derivative lawsuit filed against the former chairman and directors, reduction in occupancy costs due to the closure of the NY office, and a reduction in professional fees for consulting on potential acquisition attempts in Q3 2014.
Ha sounds like someone missed out on the party today! Are there negatives? Of course. Declining revenues and "daily" margin pressure are the main negatives here. But the stock could still trade in the $2's (or higher) IF they can sustain earnings of .06 per quarter.
Stock was languishing most of the afternoon. Then surged into the close. I tried to tell ya! :)
Guess for tomorrow? I saw we gap up and maybe hit $2 before pulling back. Hopefully market is better.
People who saw the earnings turnaround this morning. Earnings of .06/share, plus over .50/share in cash on the books, makes this a $2-$3 stock. At least.
Big turnaround last quarter with earnings of .06/share. Strong balance sheet with over .50/share in cash. FORD could double from the $1.20's and STILL be undervalued!
Anyone who shorted on that crazy spike has surely covered here in the low $1's. You wanna be long at this price. Back out the .51/share in cash that FORD is sitting on, and the business is valued at a forward P/E of 3!
Yeah I don't if the people here understand that this stock SHOULD be up huge today. Big earnings turnaround announced this morning. Find me one other company on the Nasdaq that earned .06/share last quarter and has over .50/share on its balance sheet. You can't. Would be hard to find a stock in the $2's or $3's with numbers like this. Which is where FORD is headed.
FORD deserves to be up sharply today. Okay $3.90 this morning was a little nuts. But huge turnaround here with earnings of .06/share. Plus they have a great balance sheet with over .50/share in cash. My guess is FORD will make another run to the $2's in the coming days. It should be trading at $2-$3 with this combo of earnings & cash position.
Not many Nasdaq stocks in the $2's that could start posting .15-.20 in quarterly EPS (after the acquisition). If there's others, please list them! p.s. Also wouldn't mind hearing about some of your stocks that are a "sure bet" :)
Only a matter of time before MOC gets that monster $250M 10-year contract with USPS. MOC wants it, the US Post Office wants it. It's going to happen (I mean this is America right?). Whether it takes a month or a year...who knows. But when they announce that contract is finally approved, MOC is going to rocket back over $3. We're talking a 100% gain from here. I can wait awhile for that.
Nice post! I'd also factor in their rather significant cash horde into your price target. BSQR should be sitting on over $2.50/share in cash by yearend. When this stock is over $10 in a few months, people will be kicking themselves for not loading up in the $6's imo.
You could very well be right. This company def has issues, which is why it's trading below cash. I would have much preferred that they reported Q4 earnings of .02-.05/share last week and the stock gone up to the 1.40's or 1.50's. Instead of the delayed 10K due to the potential tax liability, and the stock dropping to 1.13. Some bad news priced in now. Guess we'll find out in 2 weeks. I'm not buying yet, but am ready to depending on what kind of loss we're looking at in Q4.
Not sure situation is that dire. MSN usually files their 10K late. And the narrative is exactly the same as it was in 2013. Yes they will likely post a small loss in Q4 as they did back then. But hardly the end of the world. Keep in mind the stock is trading at $1.16, well below the $1.45/share in cash on the balance sheet. And MSN should still post a healthy profit for the year. If there's other profitable companies trading below cash value, please post them. I'd love to snag some more near $1. MSN should be announcing another sizable dividend soon, which could send the stock sharply higher.