If you want to learn more about CRY and many other stocks, I would get a trial subscription to Value Line. For $65 last I heard you can get a 3 month subscription. This includes one page detailed reports on 1700 companies. I've been a full time subscriber for over 30 years and VL has really helped my investment returns over the years where I have significantly outperformed the market. I get annual subscriptions which cost about $400.
One of the points in the CC was that drilling costs on development projects like down in Nevada and G. which are high are expensed. If these projects get built and it looks like they will then these costs are capitalized. So in the 3QTR there was about $500,000 in this type of drilling cost. So what that means if these projects are successful then that $500,000 becomes a positive for future income. There will be more of this type of drilling but it could actually provide a big kick to future income.
Thought the CC was actually pretty excellent. There were some good questions by analysts and the answers were informative. I like the strategy I'm hearing from a long term investment standpoint.
You know the plant in Eastern Oregon is air cooled which provides a lot less MWs during a hot summer. Living here in Idaho close to Boise, it was the hottest summer dating back to 1875 when they starting recording daily temperatures. HTM will produce a lot more MWs in that plant in the fourth qtr. and the first QTR. of next year.
Like I said CRY is under owned by the institutions. It also has way above average financial characteristics like free flow cash generation as calculated by Value Line at a whopping 5.50 over the last 5 years. They had a big beat on the last quarter and have a number of positive catalysts in the near, intermediate and longer term.
I would say the significance of the sales so far was a positive for CRY! The reason being by far the largest sales involved option conversions and sales by the CFO! What LEE did as a result of the transactions was actually add to the number of shares he owned outright! To me the CFO is saying he likes the value he sees in CRY's shares.
dlhild, if you are short that is a huge mistake! Valve Exchange could have the best heart valve in the world! If that is the case, then CRY's interest in Valve Exchange could be worth more than the current market value of CRY.
I thought you had some expertise in accounting? There is no accounting integrity question. The accounting rule on passive investments for companies is you can only write them down and never write them up unless there is a sale.
In addition the Medafor investment has only been discussed once in the last two years worth of conference calls. That occurred about a year ago when one analyst questioned the value of the Medafor stock on the books. The CFO answered the question and said the Medafor stock on the books was valued at approximately two million and he was sure that it was worth at least that much.
No, I have a CPA background with about 35 years experience in financial matters. You sound illogical to me. HTM will save about S200,000 plus per quarter on the financing. It is a big positive in many respects!
Home mortgages where you need 20% down and Fannie Mae and Freddie Mac are buying most of them from the banks is not a comparable! Where did you go to school? Comparables would be corporate bonds. HTM's rate is not that much higher than Verizon recently paid on their long term bonds to buy the 45% stake in Verizon Wireless for goodness sakes.
I like the hidden value theme! That is something I have looked for in more than 30 years of investing and has been a key to my success. My favorite example was Telex in March 1982. It had been a big favorite in the go go 1960s but was only selling for 5 dollars and change in March of 1982. Three years later it was selling for $100 per share! It was bought out a couple of years later at $50/share. Unfortunately, I sold out in the 25s after a year.
Whereas I don't think CRY has that much potential, it does fit the model of a hidden value. I have no idea if there is any kind of relationship between the parties on the recent Seeking Alpha article.
el1genio good call. I missed Fast yesterday as I watched the US Open instead. I couldn't understand the disparity between NNA and NM either. It seemed to mean that NNA was a much better value and a company that I have more confidence in as well.
I could be wrong but think it is better economic news from China and Europe. Better economic news means more refined product and chemicals are needed. Since tankers are in a fairly tight supply that means future rates are going up! NNA was double the current price a few years ago.