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taexpert928 85 posts  |  Last Activity: 10 hours ago Member since: Aug 22, 2011
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  • taexpert928 taexpert928 10 hours ago Flag

    Eight Rational Reasons Why 60% Meltdown Of BBSI Was Unjustified.

    1) The seeking alpha article provided false data regarding work compensation issues of BBSI. Comparing the last 10-Q data to the article data revealed malicious disinformation provided by the SA article author. The same author wrote article bashing Facebook when it was trading $18 in 2013

    2) BBSI Net revenues was up 18% to $175M and Gross revenues up 18% to $920M. Net loss was $37M due to the ONE-TIME charge of $80M.

    3) BBSI expects gross revenues for the next 12 month period to increase approximately 19%.

    4) Based on ONE -TIME charge of $80M , the typical Wall Street games and manipulations are being played to screw the retail investors for 60% meltdown

    5) BSI increased its both gross revenues and net revenues by 18%. Yet Wall Street manages to portray this as a disaster, as they always do.

    6) Wall Street likes to screw as many people as they can to sell their shares in cheap so the Street can scoop up the cheap shares and resell them at a huge profit once they decide to reverse course and push the stock up to its average target price of $77.5. ( see yahoo)

    7) BBSI has strong growth, almost 920M annual sales , increased number of clients by 180 in Q2 and has plenty of cash while trading at tiny $120M market cap.

    8) BBSI has low float of 4M shares , has no debt , $920M annual sales and guided for continued growth during 2014 and 2015. All fundamentals point to the fact that 60% meltdown in a single day is unsatisfied

  • taexpert928 taexpert928 10 hours ago Flag

    hearnthar

    I am part of MM of this stock through a capital house in Ca . We will show you shorts soon that thorough analysis does not work in this ws environment. This thing will close the gape to $45 soon

  • taexpert928 taexpert928 11 hours ago Flag

    With about 170 milion dollars in cash and equity and with only 7 million outstanding shares ,bbsi alone is worth $24 plus a share now

    mm want it back to $45

  • we will see next Friday $30 and $45 by the end of 2014.

    I know that because I am from the MM office in Ca.

  • The one time impairment charges is ONE time so the bad news is already priced in.expect next quarter news to be a positive one. This should be trading at least 50 per share to bring the cap to tiny $350M

  • MM crashed the stock so BBSI can buy the remaining 1.1M repurchase share below $20

  • taexpert928 taexpert928 Oct 30, 2014 9:21 AM Flag

    The seeking alpha article provided false data regarding work compensation issues of BBSI. Comparing the last 10-Q data to the article data revealed malicious disinformation provided by the SA article author. BBSI should sue the author for defamation.

  • 1) The seeking alpha article provided false data regarding work compensation issues of BBSI. Comparing the last 10-Q data to the article data revealed malicious disinformation provided by the SA article author. The same author wrote article bashing Facebook when it was trading $18 in 2013

    2) BBSI Net revenues was up 18% to $175M and Gross revenues up 18% to $920M. Net loss was $37M due to the ONE-TIME charge of $80M.

    3) BBSI expects gross revenues for the next 12 month period to increase approximately 19%.

    4) Based on ONE -TIME charge of $80M , the typical Wall Street games and manipulations are being played to screw the retail investors for 60% meltdown

    5) BSI increased its both gross revenues and net revenues by 18%. Yet Wall Street manages to portray this as a disaster, as they always do.

    6) Wall Street likes to screw as many people as they can to sell their shares in cheap so the Street can scoop up the cheap shares and resell them at a huge profit once they decide to reverse course and push the stock up to its average target price of $77.5. ( see yahoo)

    7) BBSI has strong growth, almost 920M annual sales , increased number of clients by 180 in Q2 and has plenty of cash while trading at tiny $120M market cap.

    8) BBSI has low float of 4M shares , has no debt , $920M annual sales and guided for continued growth during 2014 and 2015. All fundamentals point to the fact that 60% meltdown in a single day is unsatisfied.

  • Please read the 5 point objections of PriceWaterhouse to correctness of ESI 2013 financial statement in pafe F2 and F3 of the 10K

  • In our opinion, the Company did not maintain, in all material respects, effective internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) because material weaknesses in internal control over financial reporting related to (i) the application of consolidation accounting to variable interest entities, (ii) the assessment of the completeness and accuracy of student loan data underlying estimates made in the valuation of the PEAKS Trust student loan receivables, (iii) controls over the estimation and review of contingent loss estimates related to the guarantee obligation under the 2009 RSA , and (iv) the timely identification and communication of information relevant to the private student loan programs to those members of management responsible for the Company’s financial reporting processes existed as of that date. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. The material weaknesses referred to above are described in the accompanying Management’s Report on Internal Control Over Financial Reporting. We considered these material weaknesses in determining the nature, timing, and extent of audit tests applied in our audit of the December 31, 2013 consolidated financial statements, and our opinion regarding the effectiveness of the Company’s internal control over financial reporting does not affect our opinion on those consolidated financial statements. The Company’s management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting and for its assessment of the ef

  • taexpert928 taexpert928 Oct 19, 2014 11:13 PM Flag

    10K was not certified by PriceWaterhouse. Page F2 is only a letter from Pricewaterhouce to the board

  • As Bloomberg says in its today article . Today's 10K has a lot of info but “It’s a whole lot of smoke, but it isn’t really new smoke"

  • Old Smoke

    “It’s a whole lot of smoke, but it isn’t really new smoke,” he said in a telephone interview. “This isn’t an enterprise-ending event.”

    ITT Educational must also submit a letter of credit worth $79.7 million by Nov. 4, according to the filing. The value of the letter of credit is less than company had earlier calculated, and ITT Educational has amended an agreement with its lenders to borrow $85 million for this purpose, a decrease from $98 million.

    The education company’s board elected Jerry Cohen, a retired senior partner from Deloitte & Touche LLP, to serve as a director, according to the filing. ITT Educational said it expects Cohen to be chairman of the board’s audit committee.

    ITT Educational was sued in February by the Consumer Financial Protection Bureau over claims it engaged in predatory lending by encouraging students to take loans they would struggle to repay. The company has denied wrongdoing and filed a motion to dismiss the charges.

  • taexpert928 taexpert928 Sep 19, 2014 9:13 PM Flag

    PT $21 is 537% above current $4.95 . Why he has this view?

  • ITT Educational (ESI) Stock Defended at Wells Fargo
    September 19, 2014 3:45 PM EDT

    Wells Fargo maintained an Outperform rating on ITT Educational Services (NYSE: ESI) but reduced its price target to $21-$24 (from $26-$29). Earlier the company filed an 8-K discussing a larger than anticipated letter of credit requirement from lenders. It also received a wells notice from the SEC . In the view of analyst Trace Urdan, the stock's decline is an overreaction.

    Regarding the Wells Notice, Urdan trimmed valuation by $50 million to account for possible settlement. Regarding the LOC, he said it should not be a surprise.

    While he trimmed estimates, he said the stock is "dramatically oversold" and implies going concern risk that he does not see.

  • NASDAQ

    ESI Earnings Date
    Earnings announcement* for ESI: Sep 11, 2014

    ITT Educational Services, Inc. is estimated to report earnings on 09/11/2014. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $0.57. The reported EPS for the same quarter last year was $0.89.

    Read more: http://www.nasdaq.com/earnings/report/esi#ixzz3CvEmq9Uj

  • Reply to

    PEAKS issues

    by js291955 Sep 9, 2014 6:31 AM
    taexpert928 taexpert928 Sep 9, 2014 3:24 PM Flag

    JS
    Regarding #4 , How you get numbers of $214M and $300M . When and where ESI released these numbers?
    Thanks.

  • Reply to

    10 REASON TO BUY ESI BELOW $10

    by rogerabc100 Aug 29, 2014 9:25 PM
    taexpert928 taexpert928 Sep 9, 2014 12:09 AM Flag

    The fact that the CEO of ESI is leaving is a positive step that will allow ITT to bring in someone with more knowledge and experience work through the issues facing them at this time.

    Also there is no way the DOE will withhold funds for 21 days. DOE sees the chaos they caused with 150,000 COCO students and employees of COCO and will not repeat that. ESI has altogether about 115,000 students and employees. Causing chaos to the life of additional 115,000 people will have its political price during the election of November 2014 and presidential election of 2016.

  • Why Wall Street loves for-profit education
    Despite recent huge gains, stocks still down over past several years
    UPDATED 9:44 AM EDT Sep 08, 2014

    The future of for-profit education: At the end of the day, for-profit schools will be judged on the employment outcomes of their graduates, claimed Chip Paucek, CEO of 2U, a firm that provides cloud-based software for online degree programs at nonprofit universities.

    "Situations like Corinthian aren't good for anyone," he said.

    Still, he argues that it's important to provide education to as many people as possible, regardless of their economic circumstances.

    The analysts argue that it's important to provide education to as many people as possible, regardless of their economic circumstances.

    "We can't have the kind of college access we need in this country without the for-profit sector," he said.

    As for Wall Street, Greendale says investors have become more comfortable with the sector despite the regulatory concerns. He doesn't foresee another scenario like Corinthian, partly because it's a logistical nightmare for the Department of Education to wind down the schools.

    "There's less concern that the industry is going out business," he said.

  • taexpert928 taexpert928 Sep 8, 2014 9:46 AM Flag

    You said: "All is not as it appears on the surface."
    Can you explain what you know that we don't know after reading all possible articles , all possible PR's and talking with IR. Please explain your opinion.

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