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Hutchinson Technology Inc. Message Board

tgagrippa 19 posts  |  Last Activity: Apr 15, 2014 4:13 PM Member since: Aug 1, 2008
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  • tgagrippa tgagrippa Apr 15, 2014 4:13 PM Flag

    Right. But the market and its many players, big and small, know this very well and they have for some time, just like you and I do. And yet here we are, sub $3. Again.

    Two thoughts, neither brilliant or insightful but true: 1. The stock is only worth what the market thinks it is and if the market wants to be in a funk about magnetic disks for years to come you and I can't stop it and 2. this company is in show-me mode and has been for a couple years. The company never delivers and the market acts accordingly. That is the real problem here.

    I would like to agree with your "strong buy" rec, but can't. I am long and holding, though. I expect to be rewarded eventually, but question whether the investment will have made sense given the opportunity cost of having my limited dollars locked up in this one. If you got in recently, though, your attitude may be completely different.

    Sentiment: Hold

  • tgagrippa by tgagrippa Apr 14, 2014 4:43 PM Flag

    Big decline in share price today on low volume (about 15 percent under the three-month average). I hate when that happens. Either somebody wanted out badly or else saw it as a short opportunity.

    Sentiment: Hold

  • Reply to

    2% shareholder now down $200,000

    by chrisnoore2525 Apr 7, 2014 6:13 PM
    tgagrippa tgagrippa Apr 9, 2014 5:30 PM Flag

    Few things masquerade as intelligence as well as cynicism.

    Sentiment: Hold

  • Reply to

    I always wonder...

    by sballen123 Apr 3, 2014 10:23 PM
    tgagrippa tgagrippa Apr 4, 2014 10:08 AM Flag

    While I have no admiration for the being known in these quarters as "hulk," I believe your post misrepresents the nature of the Walker protests in Wisconsin. I know you will not be convinced of this and do not wish to duke it out as so many on these bards appear to enjoy doing, but others reading this need to know that there is a bit more to the story than that. That said, I wish you much success with ACI. I am long at prices below $4.50 and, obviously, am happy to be here.

    Sentiment: Hold

  • Reply to

    Knocking the cover off the ball.

    by longtimefollower Apr 3, 2014 10:37 AM
    tgagrippa tgagrippa Apr 3, 2014 1:21 PM Flag

    And yet we're up only a few cents midway through the trading day. We had the misfortune for the earnings news to come out on a day when Mr. Market, our bipolar friend, decided that, after a few consecutive days of happiness, he needed a good cry. How anybody could believe the rot about the stock market being an efficient machine that discounts news immediately (if not before) is beyond me. I have a full position and won't be adding more, though I've considered it. Feeling very good about holding this one.

    Sentiment: Hold

  • tgagrippa by tgagrippa Mar 20, 2014 3:01 PM Flag

    Interesting to compare the forward PE ration of WWAV and HAIN. Hain Celestial has a forward PE of 33 and WWAV is 27. Suggests there's room for PE expansion and, therefore, growth in the share price for WWAV. On a different but related note: Hain Celestial has grown by aggressive acquisition, which caused me to wonder if WWAV might have a chance of being next on Hain#$%$ list. But I was surprised to discover that WWAV actually has a bit larger market cap than HAIN. Interesting. Is anyone long HAIN (I'm not) and, if so, do you know if Hain has brands in the market segment WWAV occupies?

    Sentiment: Hold

  • tgagrippa tgagrippa Mar 14, 2014 3:49 PM Flag

    No kidding. I am sorry I did this one, and sorrier still I did not cash out in the $5s when I had the chance, though that seems like so long ago I can't remember exactly when it was. Good times are always just around the bend with this company. And something tells me they always will be. I am long so would love to be wrong. The Street just hates this company, and I suspect that it's because of the perception that it is a legacy business that will go the way of the desktop computer. I know the story is not that simple, but Mr. Market evidently does not believe the more complete story. And that is all that matters, because stocks are only worth what people think they are worth. I continue to believe that there is potential for nice gains here but the company is in show-me mode and for one reason or another it just never shows. I am still holding, but the opportunity cost of having a sizeable chunk of change in this company is killing me. Sorry not to have anything more intelligent to offer. Even Longtime must be grinding his teeth over this one.

    Sentiment: Hold

  • Reply to

    STKL: WWAV?

    by wooglin_kai Mar 12, 2014 10:09 AM
    tgagrippa tgagrippa Mar 12, 2014 4:55 PM Flag

    I believe the answer here is no, it won't affect STKL. That's because (I believe) Dean Foods owns Alpro and hung onto it in the WWAV spin-off -- or so I surmise. Hope someone will correct me if I'm wrong. This from the wikipedia entry for Alpro:

    In June 2009 Vandemoortele sold Alpro for an estimated US$455 million to Dean Foods, the largest dairy company in the world, which markets the "Silk" soy milk brand in the USA.

    Sentiment: Hold

  • Reply to

    TURNAROUND YEAR FOR SUN OPTA

    by mugnmunch Mar 11, 2014 12:37 PM
    tgagrippa tgagrippa Mar 11, 2014 2:39 PM Flag

    wooglin (and others): You seem knowledgeable about this stock. Your opinion, please. What kind of boost would STKL get from the sale of the minerals division, which I believe execs in the last conference call implied is possible this year?

    I see that company, which trades on a Canadian exchange, has a market cap of about $40 million. STKL owns, I believe, 66 percent of it. So at today's market cap their stake in the minerals company is worth about $26 million. But that's less than 4 percent of STKL's current market cap. That doesn't move the needle a lot.

    But if the sale demonstrates to the Street that STKL is becoming focused on the fast-growing healthy eating category I believe the market would reward the company with a boost in share price. Agree?

    Sentiment: Hold

  • Am not sure I understand: Does today's 8-K filing eliminate the preferred issue or does the right to appeal the judge's ruling still exist? Here's the text:

    Item 8.01. Other Events
    On March 5, 2014, the Board of Directors of the Company approved the exercise of the Company's repurchase option under the Voting and Transfer Restriction Agreement (the "Voting Agreement") with the trustee of the 2012 Retention Plan ("Plan") and Trust (the "Trust"). Pursuant to the exercise of that option, the Company will repurchase from the Trustee the 400,000 shares of the Company's 6.25% Series A Non-Cumulative Convertible Preferred Stock (the "Preferred Stock") currently held by the Trust in exchange for 975,848 shares of the Company's Class A Common Stock. The repurchase formula is the same ratio at which the Preferred Stock is convertible into the Company's Class A Common Stock. Despite the favorable decision by the United States District Court for the Southern District of Indiana on February 28, 2014 in the litigation related to the creation of the Trust and the subsequent amendment to the terms of the Preferred Stock, the Board recognized that the plaintiffs have publicly stated their intention to appeal the decision. Thus, the Board determined to exercise the repurchase option prior to April 2, 2014 (the date on which shares in the Trust are to vest for distribution to Plan participants) in order to ensure that the value distributed to Plan participants is both equivalent to the value that the Board intended to be distributed when it adopted the Plan and equivalent to the value that Plan participants were advised they would receive when the Plan was announced.

    Sentiment: Hold

  • tgagrippa tgagrippa Mar 5, 2014 8:47 PM Flag

    I think you spoke for many -- you spoke for me for sure. I suspect our management here is not all it should be. You've only to look at HAIN and WWAV, for example, to see what's possible for companies in this sector. I will continue to hold but my (painful) experience has taught me that management issues equals sell. Because I'm fairly new to the stock, though, I'll wait and see.

    Sentiment: Hold

  • tgagrippa tgagrippa Mar 4, 2014 12:30 PM Flag

    Apparently correct. Marketwatch reporting this:

    INDIANAPOLIS, March 4, 2014 /PRNewswire/ -- Judge Sarah Evans Barker of the United States District Court, Southern District of Indiana, has ruled in favor of Emmis Communications EMMS +4.87% in a suit filed by dissident preferred shareholders.

    Cool beans.

    Sentiment: Buy

  • Reply to

    Forward P/E 26...really!?

    by sandy.criscione Feb 26, 2014 6:21 PM
    tgagrippa tgagrippa Mar 4, 2014 11:06 AM Flag

    Exactly. WWAV went onto my radar after a Cramer rec late last year. But what pushed me to actually buy the stock was when I began having problems buying my almond milk at the grocery store where I shop because it was always out of stock. When my own experience verified what I saw the CEO tell Cramer on Mad Money, I knew it was time to buy. The healthy eating trend is real, it is here and going nowhere but up. And anyone who thinks that an additional 30 cents or 50 cents a quart (because of an almond shortage) is going to kill demand from people who've abandoned cow's milk, then he doesn't understand this market.

    Sentiment: Buy

  • Reply to

    Forward P/E 26...really!?

    by sandy.criscione Feb 26, 2014 6:21 PM
    tgagrippa tgagrippa Feb 27, 2014 3:25 PM Flag

    Really? Are you sure you're not short this one?

    Sentiment: Hold

  • Reply to

    Is that LTF sitting on the ask?

    by microcaptrader Jan 23, 2014 10:26 AM
    tgagrippa tgagrippa Feb 21, 2014 6:57 PM Flag

    LTF: I believe you. Thanks for the update.

    Sentiment: Hold

  • tgagrippa tgagrippa Feb 21, 2014 2:23 PM Flag

    I had no idea you, like LT, are a big player. I shall work harder in the future to understand your always interesting but often impenetrable posts. Consider if you will having mercy, at least at important moments, on those of us who don't speak PJ-ese.

    Sentiment: Hold

  • Reply to

    Is that LTF sitting on the ask?

    by microcaptrader Jan 23, 2014 10:26 AM
    tgagrippa tgagrippa Feb 19, 2014 7:15 PM Flag

    The fact that LTF ignored your Jan. 23 post suggests that you are probably correct and he's clearing out and (understandably) not anxious to pipe up about it. I've done well piggy-backing on LTF's picks but this one is an exception. Though my position is rather small and I do expect to get out whole eventually. Time is money, though.

    I should have trusted my instinct on this one, which was that I should not invest in a company whose chief product is, or whose most important products include, devices to allow motorists to break the law with impunity. I know, I know -- don't mix emotions and morality with investing ... radar detectors are legal and help level the laying field with "over zealous" cops yada yada. Others are entitled to their opinions. But for me, this was an example of a time when sticking to principles would have actually been the financially prudent thing to do.

    But I made so much on ZLC last year that I can't stop smiling -- and thinking charitable thoughts about LTF.

    Sentiment: Hold

  • Reply to

    Consolidation and New Highs

    by franciscopardo378 Feb 14, 2014 5:48 AM
    tgagrippa tgagrippa Feb 18, 2014 3:48 PM Flag

    That is likely because LEE, except for ancillary businesses, is a pure newspaper play, unlike GCI, which is in broadcast TV as well.

  • tgagrippa tgagrippa Feb 12, 2014 4:06 PM Flag

    LT: You must be happy today. So am I. What's your take on today's news and its effect on your price estimate (above) later this year of $4 to $5?

    Sentiment: Hold

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