We made 29 cents for the first 9 months and 12 months earnings are expected to be between 34 and 41 cents a share. So this quarter me probably made between 5 and 12 cents a share.
I agree. But Pyramid Oil did not have the debt, which is going to destroy YUMA. Pyramid could have hunkered down and survived.
TAYD has been up this week, against a terrible general stock market, and my brokerage firm (Etrade) is still manipulating the stock for someone, by forcing buyers to call in their orders. Under these circumstances, it seems seems sensible to me to wait for the earnings to be announced in the coming days even if you want to sell.
During fiscal 2015, Mr Boone requested that his compensation be reduced from $36,000 annually to $9.25 an hour, the current minimum wage in the state of Oregon.
On Page 13 you will see that our stock has outperformed the S&P 500 for each of the past 6 years!
At least the CFO has a sense of humor: he tells us that he is resigning "to pursue OTHER opportunities."
TAYD recently announced a $1,000,000 plant expansion, so there is the short-term risk of stock dilution. The US tax structure discourages cash dividends (which is one of the reasons that many companies are buying back stock.) Anyway TAYD has not paid dividends. There are institutional investors; e.g. CALPERS. TAYD is a niche ( BTW niche rhymes with itch but not with quiche) company. I mean by this that it dominates one small area, earthquake protection. A large company would be crazy to compete: we have too much experience and too many patents, and it would be cheaper to buy our company than to try to butt in. Our company is good about keeping stock holders informed. I own stock in another niche company, DIGM, and if you want to drive your financial adviser or stockbroker crazy, ask him for basic information about this stock, such as how many shares are outstanding or the book-value per share. In contrast with a little work you can find out quite a bit about TAYD.
Thanks too all who gave the good advice to hang on. BTW you can't trust Insider Monkey. For example, they have yet to reinstate their bullish recommendation of YUMA, which they "temporarily withdrew" last summer.
I sold a little at $17.60 and more at $18.73, because I too assumed the dilution was bad news. (my bad, but at least I'm not short.) At 4PM yesterday they announced a "proposed offering" and at 4:01PM they announced that the offering had commenced. I suppose at some point the company will tell us small fry the offering price, but one thing for sure somebody knows something we don't.
The really brain dead were the Pyramid stock holders who voted for the merger. Pyramid Oil would not have gone bankrupt, so all they had to do was vote NO
Spot on. With the preferred selling at roughly 4 3/4, I would have expected the common to have made a significant new low.