Yikes. What do you do when a fan (uptab) and a basher (bargain) both have intelligent and (in their own ways) correct stories for the same stock? Well, I guess if you can handle the cognitive dissonance you give them both a thumbs up, so I did.
That said, I just returned home from a full day away from my computer and market news to discover we're now trading at $2.5X. Sigh. In 15 years of (mostly) investing and (some) trading HTCH is, without question, the most frustrating ticker I've ever bought. Excuse me now while I go pour a drink. A double, I believe. Yeah, that's the ticket. It won't fix anything but I'm bound to feel better.
@uptab: The worry, of course, is that a motivated seller may have information we don't.
Congratulations for your successful ongoing effort to keep negative news at the top of the conversation. So, how many shares are you short?
The ancient Greeks, on the other hand, would have killed a goat and examined the entrails for signs of the future, which provided no more enlightenment than your methods but had the great advantage of providing lunch.
Cramer again mentioned, last Friday, the favorable tax consequences for a WWAV buyout starting in May. Wish he'd explain that. If someone here knows what he's talking about, please enlighten us all.
There may be good reasons for criticizing HTCH management but calling it a "scam company" and a "charity" is simply venting, not intelligent comment. You may feel better. We, the "losers," are not enlightened.
Uh-huh. Thank you for your service to humanity. I am sure there are a couple, maybe even three, people here who will believe you.
@whtthelk: I always wonder about stock shorters, do they actually believe their intention to cast doubt and fear are invisible to others? Maybe you can help me, since you are obviously in that camp.
So using a market cap of $1 billion, a figure at the middle of your range, and a share count of 25 million, the top of your range, and doing the arithmetic yields a share price of $40. Yikes.
@LTF: Good to hear. Ten percent is kind of high for you for one ticker, isn't it? Congrats on CLGRF. I was on the fence at 18 cents. Oops. Though I suppose you'd tell me it's still cheap at 0.4X
I thumbs-upped ya because you do a good job of summarizing the up side here (in this as well as other posts) and I am a long, too, but continue to be baffled by the lack of enthusiasm the market shows for this stock. "What am I missing that the market sees?" I keep asking myself. I keep falling back on my belief that the market has simply lost faith here because of the long duration of the turnaround. If that's true, then the upside move could, indeed, be massive here. But it's gonna take more than me saying so to make it happen. Stocks gap higher when expectations are backed by results. We've got plenty of the first, the jury is still out on the second. Fighting the temptation to add on today's dip.
I think a play will be made for WWAV. Buyout depends upon Board of Directors approval. Candidates include Danone, PepsiCo, General Mills, Nestle and Coca-Cola.
Good news. And I, too, am constantly baffled by the seemingly strange and arbitrary censorship. You know it's got to be automated bot software that trolls for keywords. Yet, this same method is seeming helpless to remove the spam that pollutes these boards. If the powers that be wanted to clean it up I believe they could do it in a day.
Not exactly sure where you're coming from, but if you're referring to WWAV as a Cramer "flavor of the day" you're wrong. Cramer has been plugging WWAV for years, basically since the split-off from Dean Foods at prices below $20.
I was using the Yahoo number from the company statistics page. But differences of opinion are what makes markets, and you're entitled to yours. Hype? No, I don't think so. Now, Tesla? Yeah. That's what hype looks like.
Yep. And that 27x PE is less than half the 66 percent YOY quarterly growth rate. Cheap. It's called GARP -- growth at a reasonable price.
Yep, and you nailed it with the General Mills reference. So let's make an example out of them. Visit the GIS home page as I did moments ago and you'll see five stories being highlighted. Here are headlines for three of them:
+ "Less sugar, more protein for Yoplait"
+ "How gluten-free Cheerios came to be"
+ "Cheerios + ancient grains"
See a trend there? They aren't touting Hamburger Helper. And a fourth story links to a piece by CEO Ken Powell discussing growth strategies that includes this line:
"Around the world, a growing number of consumers are focused on wellness and have new interests in natural and organic foods, products make with simple ingredients, food free from gluten, foods that deliver more fiber, more protein and more whole grain, and foods free from artificial ingredients. "
Translation: There is no future in Hamburger Helper etc..The future is all about healthy eating. WWAV will either grow to be the next General Mills or General Mills or (insert old-line food company name here) will buy WWAV. Either way, holders of WWAV win. The stock will hit $55 or higher in the next two years either on its own or in a buyout.
Looks like the $30s are in the rear view mirror, though I wouldn't rule out a dip to $38.XX in coming weeks. But sub-$35 prices are, I suspect, a thing of the past. IMO, $45 now more likely than $35.