No trades as of 0825hrs.
This good be a very good week for the markets in general !
Once the R's control the Senate we will move on the pipeline and other energy bills. Everybody will win,jobs, cheaper gas, more money to spent on cars, boats, houses, food toys ect., more tax income with lower taxes and a boatload of other stuff.
I suppose that's a good thing. If earnings were bad they release the news today after the close and hope you would forget about it by Monday. I think everything points to a good report but don't get worked up if the PPS should fall even on a great report, nothing would surprise me Monday. Long term SPCB will do very well. Looking forward to the CC at 1100 hrs ET. Have a good weekend !
This is a $14 stock much less a $15 stock 52w high. I don't see any numbers that point to the value of a stock with a 22PE and revenue less than it had 2 years ago. Zacks has it at a sell #4 for more than a month and I see no reason to see why I should think about adding more to the couple hundred shares I have (which is my idea of a watch list. Tell me where I'am wrong.
Hope they do so tomorrow.
Not tomorrow, their in their quiet period before ER. You might hear from another source to counter the shorts argument posted today or you may have another "hit" piece for tomorrow.
With only one trading day left, (earnings are report before the open on Monday this time), I would think the "shorts" and some hedge funds that may be "short", want you to panic and sell on some bad rumors and fuzzy facts. SPCB is a "Strong Buy" by the 2 analyst that follow it, a #3 rating from Zacks and a couple of "Strong Buys" from rating services listed on TD Ameritrade. Because of the size of SPCB it's hard to get all the information that the analyst get but I'am betting the earnings will be good if the analyst think they will be good. and so will the CC at 1100hrs ET.
The downtrend of the last couple days on heavy volume(over 300K), will only spike up Monday I hope.
Look for some more negative rumors tomorrow but don't fall into the trap the "shorts" want you too.
People really basing investment decisions on S.A. articles short or long?
Yes, many people do. I base my decisions on any information from a long or short point of view. I read it and then decide if it's a "fact" or just noise. Then you also have to look at the TOTAL picture and what is in context and what is out of context. Just like the govt their idea of "cutting spending is really "cutting the rate of increases". All people that ate tomatoes before 1902 are dead and those that ate them before1925 are sick. Fill a fish bowl with tomatoe juice and the FISH WILL DIE. Tomatoes KILL !
Bottom line, you can spin anything to make the point you want to make.
Got to go and take my meds. Have a good day !
Some of the points on that S.A. report.....
•Due to the non-recurring and lumpy nature of government EID contracts, SPCB's pro forma revenue has not grown over the past four years.
•FY 2014 has been an unusually strong year in terms of EID adoption. Going forward, global EID adoption rate and revenue growth are expected to decline substantially.
•The Company provides commoditized EID system integration services and appears to have lost market share to competitors.
•A turnaround in the RFID division is not likely given SPCB's weak competitive position and minimal amount of R&D investments.
•SPCB shares are overvalued by almost 60% at the current price level.
S.A. Report posted @ Zacks this morning but not posted here is dated today and is the viewpoint of a "short". It's a very long report and gives a very negative view of SPCB, it's a good read that's not to say you have to believe the "spin" , but it's good to see, and important, on how the other side makes its point. Good Luck to the Longs !
14-bk-34941, U.S. Bankruptcy Court, Northern District of Texas (Dallas)
Thanks, will check out later !
They do not actually analyze the total story about what is going on at a company but rather throw a bunch of numbers into a computer and come up with some useless grade.
You got it, but I wouldn't call it "useless". The information from Zacks is worth every dollar I pay for it and saves me a lot of time. If you use that information knowing it's based only on "cold numbers" you can do very well. It's only one tool in the toolbox and can be used to confirm your own DD. One stock I hold CPE which I was buying more of today, I believe the stock has made a bottom and Zacks rates it a sell but I still added more shares. They rate it a sell only because of the numbers but there is a lot more to know than just the numbers.
ALCS liabilities are 3 times bigger than its assets, Boy!
Prove it, what's the link ? Show me where you saw that, copy it, paste it. I saw almost double the assets vs liabilities before the information was removed along with the sec filings. The only way you can find that information now is if you know the location and BK court number. If you knew that you could follow the day to day hearings like I did with US AIR, Eastman Kodak, and Fruit of the Loom. Being this company is so small it's hard to get information. The reason for the larger asset number was due to the large inventory which gave it a book value over $10.00 which has also been removed. This BK is different than most. I wouldn't count anything out.
Sometimes these stock research firms that do not hold, sell or buy any stock and have no agenda because they are a paid service for investors only, do everything by the "numbers" only. Zacks is a good example. I have seen many great stocks knocked down a peg because they have gone up too far, too fast. That's not to mean they are a bad stock at all.
In Fidelity at 12:07 ET Thompson downgrades SPCB to SELL ?????
WOW ! What power they must have, the stock soars over 10% to $1.22 !
Sure hope they DOWNGRADE more tomorrow and we go up another Buck !
Heavy VOLUME today and that's a good thing for now!
"Offering anybody", Like it or not it will happen near the 52wk high.
Because it's filed bankruptcy, any money gains from the asset sales will go to the creditors and loan banks, the common shareholders will get Nothing at all.
That is NOT TRUE ! Any money left over AFTER all the taxes, lawyers, banks, bondholders ,vendors , and preferred stockholders goes to the shareholders an that's a FACT !. Now it's true 99% of the time there is nothing left and that's why you can name a ton of examples where that didn't happen, but that's not the way it works. The ONLY reason there is any hope is that in this case there is a lot , more than normal, inventory. Almost all BK have less assets than liabilities but not this one, that is also why the book value is so high. I have tracked many BK's because they interest me. They all have there twist and turns and a lot can change in a day including offers to old stockholders to buy the new stock from a chapter11 or a merger or sale of assets with the new company at a discount. It's not over !
Just because the stock is cancelled means nothing, the BONDS are also cancelled, the DEBT is cancelled, everything is cancelled but the money the former company gets from the sale of assets still has to be divided up from the top to the bottom with the shareholders being the bottom. Everybody above the shareholders must be paid in full before the shareholders get anything but the company had a lot of assets, check out the high Book Value. I don't think anything will be left for the shareholders but we don't know that for sure. We don't know what the stalking horse bid was and the fact that they got a stalking horse in such a short time may mean there are white knights in the background ready to outbid the SH.
It's not over !
If you held this stock at the beginning of the year Jan 2 it was worth $1.54 so in 10 months it's $1.64 ! To me that's dead money. SPCB was $4.85 on Jan.2 and is more than double at $10.22 ! Zacks had WYY a sell this summer but now has it as a hold #3. They do rank it as top 29% out of 265 stocks in the industry and it looks like they are starting to get some government contracts. The PEG is a negative 4.42 which shows slow growth in relation to the PE. I think it might be a lower risk penny stock if there is such a thing, and if they continue to add new contracts with the govt. it will do well with somebody that has "mad money" to buy it.