Maybe TD will finally change, (after years), HIMX from 70% Cash to Full Margin per share.
The download in my Zacks account shows an alert and an upgrade of PLNR to #1 Strong Buy !
I think there are some games being played by the "shorts" to keep the PPS down when the true value is Strong Buy.
.... Anyone remember how this stock reacted to an increase in the float?
It will react like any other stock that offers over 25% more stock than is on the books now. In the short term CPE will take a beating but it's to late to do anything about it now if you don't want to lose money on the stock.Long term the stock will do well with a great field to be in and a great PEG just over 1 and less than 2. Stock offerings are always bad news short term but if they use the capitial to increase revenue and earnings things will be bright for the future. Good Luck !
In July we had 14 days with volume under 100K, in Aug 10 days under 100k, and in Sept. so far 1 day under 100K. With 2 analysts helping get the word out and the big Funds taking notice this stock may in for a long run up. The only bump I see is a stock offering and if they couple that with some great contract wins that may be short lived and minor in scope. Good Luck !
I don't think this is a 1 or 2 day thing. The way HIMX has traded in the past, upward movement might just continue for a long time with many people chasing the stock. There are not many dips once this stock gets going and with all the products HIMX makes it is a low risk stock which is why I don't understand why TD needs 70% cash to buy a share.
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 !
Can't win them all ! HIMX is green and stable with Volume higher than normal but not that high which is good. Looks like a solid stock both short and long term. Good Luck Longs !
and revenue was in line and guided to flat to up in the next quarter. I don't see anything bad here!!
You don't see anything bad because you're not looking for anything bad. The revenues were a miss by 2.86M. As for the other numbers they just were what was expected and in this market THAT IS BAD. Stocks are EXPECTED to BEAT the numbers. When I research a stock I ALWAYS pay more attention to the negatives then the positives. Too many people only want to hear the good stuff and turn a deaf ear to what they don't want to hear. The best investors learn how not to lose money as well as make money.
Not just for SPCB but for the whole market as the voting results start coming in and if you're in "Oil" you may really see some gains as they have been beat down the last few weeks and results of a big R win the oil pipeline along with the new refineries are a shoe-in which will drive those stocks up.
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 !
Remember the "shelf offering" filed with the SEC Oct 22 to sell up to 50M worth of stock at any time mgmt. sees the need to raise capital on the backs of the current stockholders by taking value away from their stock. There are 83M shares of common stock outstanding worth 122M @ todays close. Add another 50 M dollars from the offering and the current stock will be worth a little over 1 dollar as of today which means the stock will be close to being delisted if it drops below a buck for 30 days.
The LED market IS NOT A NEW MARKET. LEDS are everywhere in cars, homes , stores, street lights, ect. The problem is everybody is in the market to try and make a killing. Only the BIG BOYS have the deep pockets to run the small cap companies out or buy them up and make a profit. RVLT is as good as gone by next year.
Revenue was a miss by 2.86M and everything else was just "fair" at best. Now we know why the stock was down on heavy volume the last few days as many people knew the results were poor before the ER. The question is how bad the haircut will be as most of the downside may be already priced in.
The stock offering hurts bad. Why do they need to raise capital?
If you have NO PROFITS, (not earnings), every quarter you can't run a company on REVENUES. They haven't even started to tap into the "Shelve Offerings " that was filed with the SEC. on Oct 22 for 50M worth of stock. Wait till that shoe drops, a share will be worth 50 pennies if that !
Which leads me to a question, MGMT said they got a "low interest loan from the bank". No Bank would give them ANY interest loan unless they were a good risk or first in line in event of BK. Check those bank covenants.
One thing is for sure, something or some plan is being played out that leaves us in the dark. As to the selling price of $1.24 that is the SALE or Discount price the company and the market makers set to move the stocks in a short period of time.
Looking for a secondary any day here. Then.....I BUY, and ONLY then
I agree with you up to "ONLY then". I think you will get your chance to buy on the dip with a "offering" but I think it's a good idea to have some good "core holdings" because this stock is having a "coming out party" with Institutional and Fund holdings. With 2 Analyst that JUST STARTED following SPCB the days of "Flying under the Radar" are almost gone. In addition the 52wk high is $13.49 and a stock like this is almost a sure thing to repeat that high an go higher. When you get a day like today with very low volume that can be a gift to buy some trading shares for tomorrow and make a few bucks.
Seems to be the pattern in Sept. and Oct, not for SPCB but the market in general.
Look at the bright side, the down months are usually made up for in Nov. and Dec if you believe in Santa Claus ! Good Luck ! Might be a good day to get something else done and not spending it watching the market.