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Appliance Recycling Centers of America Inc. Message Board

stokluver 23 posts  |  Last Activity: Jul 1, 2015 11:24 AM Member since: Oct 1, 1999
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  • stokluver stokluver Jul 1, 2015 11:24 AM Flag

    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.

  • stokluver stokluver Jul 1, 2015 8:43 AM Flag

    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.

  • Reply to

    Any hope left?

    by stokluver Jun 2, 2015 2:20 PM
    stokluver stokluver Jun 18, 2015 2:15 PM Flag

    Hey a little hope! CEO has bought over 500,000 shares since last week! Check today's Form 4 filing.

  • Newsletter recommendation or something? Lots of volume today. Recent insider buying is encouraging, but BDR still has plenty of issues. Pretty surprised to see it rocket from the .60's last week to the .90's today! Was hoping to see the stock back to $1 by yearend assuming they got back to profitability in Q3. But it might get there tomorrow at this rate. ha!

  • stokluver by stokluver Jun 2, 2015 2:20 PM Flag

    Consistent seller in the .02's lately. Despite a somewhat positive forecast in the last earnings release. But maybe seller knows something we don't?

  • Reply to

    Some insider buying!

    by stokluver May 28, 2015 4:40 PM
    stokluver stokluver Jun 2, 2015 9:19 AM Flag

    Nice catch! A different director this time. And a lot more shares!

  • Reply to

    Some insider buying!

    by stokluver May 28, 2015 4:40 PM
    stokluver stokluver Jun 1, 2015 4:02 PM Flag

    I'd post the link but yahoo doesn't allow it. Just go to edgar or similar site where you get sec filings, and you'll see the Form 4 filing.

  • stokluver by stokluver May 28, 2015 4:40 PM Flag

    A director bought over 15,000 shares this week. Looks like the first insider buying on BDR in about 2 years. Not a bunch of shares, but I think a positive sign that they're making progress on the turnaround.

  • Reply to

    who is dumping all these shares

    by kovadianknights May 21, 2015 8:37 PM
    stokluver stokluver May 21, 2015 9:46 PM Flag

    Maybe someone finally read the 10Q and saw this--

    Looking forward into the second quarter of 2015, given our projection of inventory that should be available to sell, we expect to see a decrease in sales of approximately 15% to 20% in comparison to the second quarter of 2014, as we work to re-build our inventory levels.

  • Reply to

    Improved Call

    by bottomsupinvestor May 14, 2015 11:53 AM
    stokluver stokluver May 21, 2015 3:36 PM Flag

    100% agree. And I love this move by our recently appointed CEO. Voluntarily reducing his salary to $1 until the company starts making money again. If only more CEOs would do this! Palle really seems determined to turn this thing around. A welcome change from our prior CEO.

    From the 8K today:

    As previously disclosed, Mr. Pallé had voluntarily reduced his compensation from $328,015 to $131,206 effective as of February 23, 2015. Mr. Pallé subsequently agreed to reduce his salary compensation to $1.00 effective as of April 13, 2015, also on a voluntary basis until sometime in the fourth quarter of 2015, or at some earlier date after which the Company’s liquidity was adequately improved.

  • Reply to

    Jumped right back at $2.44 a share

    by redbear358 May 19, 2015 4:28 PM
    stokluver stokluver May 21, 2015 3:09 PM Flag

    Glad to hear it. Market keeps going up every day and MNDO one of the cheapest stocks out there. Trailing P/E below 9, great balance sheet with a ton of cash, plus a huge 10% dividend yield.

  • Reply to

    CAT...

    by sofala1122 May 15, 2015 4:31 PM
    stokluver stokluver May 15, 2015 5:07 PM Flag

    Cool thanks! Wish they could PR the new customer wins like Caterpillar. And other Global 100 customers in the future.

  • Reply to

    CAT...

    by sofala1122 May 15, 2015 4:31 PM
    stokluver stokluver May 15, 2015 4:42 PM Flag

    How were you able to find this out?

  • Reply to

    The Plan

    by sloaned50 May 13, 2015 3:28 PM
    stokluver stokluver May 13, 2015 4:20 PM Flag

    I would turn your money over to professionals or just buy index funds. If you're shorting one of the cheapest stocks on Nasdaq, you're asking to lose money. Stock was undervalued at $3. At $2.40, it's a screaming buy. There's 10% downside, 50-100% upside. The risk/reward is VERY favorable on the long side. Can understand it may not be everyone's cup of tea. But to go short at these low levels is insane!

  • Reply to

    Investors have to lose money at times...

    by redbear358 May 12, 2015 3:51 PM
    stokluver stokluver May 12, 2015 6:47 PM Flag

    Maybe it will be down. I guess that's where you're hoping to buy (as per your post above). Nobody knows what will happen tomorrow. Not me, not you. All I know is MNDO is deeply oversold, is very profitable, has a rock solid balance sheet, and pays out a juicy dividend. Buyers will return at some point. Maybe tomorrow, maybe next month. The downside is 10% while the upside potential is 50% or more. So I'd say the risk/reward profile greatly favors the longs at this depressed price.

  • Reply to

    Investors have to lose money at times...

    by redbear358 May 12, 2015 3:51 PM
    stokluver stokluver May 12, 2015 6:04 PM Flag

    Oh I just looked thru some of your posts on this board. Looks like you covered your short way too early and are now looking to go long. Guess that explains why you're trying to talk it down. Jeez just buy in the $2.30's and take the gift.

    redbear358 • May 4, 2015 9:35 AM

    For what it's worth...
    I liquidated my short position at $3.22 a share and bought BLRX another Israeli company at $1.75 a share. No dividend, but lots of upside potential as its trials are coming to a close. Today, it was up $.10 cents. Obvioussly the share price will fluctuate, but the upside looks very promising.

    redbear358 • May 6, 2015 8:08 PM

    Tomorrow will be a better day.
    I anticipate that MNDO will open up tomorrow at $2.52 and trade down to $2.48 before settling at the close tomorrow at $2.44. I know that this is creating a great buying opportunity, as I have my orders in at $2.21 a share. Stay tuned for more.

  • Reply to

    Investors have to lose money at times...

    by redbear358 May 12, 2015 3:51 PM
    stokluver stokluver May 12, 2015 5:44 PM Flag

    Do you know how to read an earnings statement? Or a balance sheet? Maybe that explains why you're short a stock with excellent fundamental strength, and long a risky biotech with zero revenue and huge losses.

  • Reply to

    Back in...@2.37

    by koto_no1 May 12, 2015 12:29 PM
    stokluver stokluver May 12, 2015 3:34 PM Flag

    My 20+ years of investing in smallcaps & microcaps says that isn't true. There have been plenty of stocks in the $1-$2 range that have been huge winners for me over the years. Sometimes you have to buy stocks when nobody wants em, then sell when everybody does. Use other people's impatience to your advantage.

    As for MNDO, it's too cheap here. Yeah I know last quarter wasn't great and the next quarter or 2 prob won't be too hot either. But eventually we'll see revenues rebound. And earnings back up near .10/share per quarter. Maybe it takes a year. Maybe not that long. What I do know is when that happens, those who bought in the $2.30's will be sitting on a BIG gain.

  • Reply to

    Back in...@2.37

    by koto_no1 May 12, 2015 12:29 PM
    stokluver stokluver May 12, 2015 2:36 PM Flag

    Well panic selling in the sense that the stock had already been beat up. From $4+ to the $2.5-$2.75 range. Last quarter wasn't great, but certainly not the end of the world. This company is still posting nice profits, has an excellent balance sheet, and pays out a huge dividend. So the selling in the $2.30's sure doesn't make any sense to me. If anyone knows of a cheaper Nasdaq stock, by all means, please post it!

  • Reply to

    Back in...@2.37

    by koto_no1 May 12, 2015 12:29 PM
    stokluver stokluver May 12, 2015 2:06 PM Flag

    Good call if you did actually short. But if you did, you would surely be covering today. With earnings of .05/share last quarter, a balance sheet with .80/share in cash & investments, and a 10% annual dividend yield...the stock is a bargain. Find me a cheaper one anywhere on Nasdaq. Why be short one of the cheapest stocks in the entire market...when there's thousands of overvalued stocks out there?

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