Steady as she goes...management knows what they are doing...just sit on your stock as they begin to crank out profitable quarter after quarter.
Amounts to 57 cents per share.....the 83 cent drop was a over-reaction due to all the selling today....probably will head up at least two bits until we get closer to the record date.
They added 4.1 million in sales from the Convergent acquisition but a real problems is that they haven't seemed to cut any costs associated with the business. In other words, the head count at Convergent is essentially the same. Usually when you acquire a company you can chop the administrative costs (laying off duplicate functions...start with accounting) and role it into your organization. Sure a few people from the old company will stay on board but not everyone. Maybe the workforce reduction with happen in the next couple of quarters.
"Very long sales cycles"........
that quote fits Ballantyne perfectly.........
knew they would find a way to somehow turn a very fast growing rabbit into tortoise....sometimes the tortoise doesn't always win.
Looks as if the two parties are suing each other now over their agreement with LQMT throwing around the fraud word.
Check out the Form 424B3 filing (filed 2/11/14) where the company is registering for sale 102 million shares of common stock. You'll find the dispute in this filing on page 9.
May be old news here but I've haven't gone back to check the boards.
Bringing on the A team won't be cheap for PZZI...but they will be paying it off it options.
When the overall market goes down, Newcastle has meet redemptions for those who are selling it's fumds. Therefore they have pare some of their holdings which includes PZZI. Don't worry they will buy back at lower prices.
Hedging has long been this companies Achilles heel.....the idea of hedging is to flatten out any losses or gains. Even when coffee prices were going ballistic to the upside a few years ago, JVA's hedges were getting creamed as well.Sure they had one or two good quarters but that was on the discovery of their relationship with GMCR They are just not a big enough player in the market when you have firms like Goldman Sach's on the other of the trade who know the positions of the smaller players,. It's always been like that and I'm not sure how they can overcome this. $6 million in realized hedging losses?? $300K+ in unrealized gains so far...looks like they closed out most positions at the bottom. It's too bad since they since they provide a great service to companies like GMCR. Perhaps with rising coffee prices, the PERCEPTION will be that Coffee Holding can make some money. However, the company was always been known as a hedging operation since gross margins are only 3-5%.
Which by the way is usually a bad idea (chasing)....out at $4.35 ...nice ride from sub $1 over 16 months ago....lucky is a better term to use.
Acquired 500 patents of 3G and 4G technology from Panasonic...no terms announced.
From those day traders who goaded you into selling at the open around $3.70, the stock is already up another 20% which is causing some of them to come back and chase for more.
omg..I had to rubs my eyes when I saw that Carstens and Shay purchased stock....drooling with excitement.
Imagine if those same directors realized that buying back stock could immediately put money in their pockets and the rest of the stockholders? They insist on taking the hard road, not the smart road.
With Convergent it is still up to BTN to execute. If everyone thinks the stock trades and is valued much higher than $4.70, then the company should be snatching up it's own shares. Even if down the road they would do a secondary for the same number of purchased shares at double today's price they would come out ahead.
Mgmt...think, think, think!!
Sentiment: Strong Buy
Well, you got me there...if BTN can squeeze more ITDA out of the EBITDA than it disclosed then the future should be rosy...
Convergent Media Systems has annual revenue of approximately $40 million and has averaged $0.7 million in EBITDA over the past three years (2010-2012). The acquisition is an all-cash transaction valued at approximately $16 million. Ballantyne Strong expects the transaction to be $0.06 - $0.10 accretive to earnings per share in 2014 and $0.15 - $0.20 accretive to earnings per share in 2015. In addition, Ballantyne believes there are opportunities to improve working capital management that should result in higher cash flow generated from Convergent’s operations.
Got to see how the stock closes today before I add any new money....most, but not all stocks tend to rebound during the day with a clawback off lows after a dump we saw this morning but a good % wind up finishing at their lows....right now it looks like just traders...a week down the road we may know otherwise.
Their selling and administrative expenses almost doubled...largely because of the decline in revenue but it exposes that they have not cutback the headcount...consultants not included.....have to laugh when you say "massive new growth".
I guess a buyback of shares is still out of the questions???
I think some headcount reductions are in order to compensate for the reduced sales going forward (vs previous yr).....
But you have to remember that the company itself helps guide the analyst toward his numbers. Some analyst read more into the companies guidance because they think they are smarter than management. Sometime management needs to keep it's mouth shut and stop proclaiming to the world how much they think they stock should be worth and just execute their plans. The stock price will take care of itself if the company executes. Porter saying the stock is worth $7.50/share just opens him up to criticism until the price reaches that target. Porter was certainly implying that he thought it was worth that price RIGHT NOW, not a year down the road. Guess he was wrong and the market never did believe him.
SECTION 2 - FINANCIAL INFORMATION
Item 2.02. Results of Operations and Financial Condition.
Third Quarter 2013 Financial and Operating Data (Preliminary)
On October 28, 2013, Gastar USA disclosed certain ranges of preliminary financial data and estimated production for the three months ended September 30, 2013.
Financial Results. Based on the most current information available to us, for the three months ended September 30, 2013, we expect to report the following items in Gastar USA’s consolidated statement of operations within the indicated ranges:
$17.8 to $19.8 million
Income from operations:
$1.0 to $2.0 million
Each of the foregoing includes the impact of an unrealized hedge loss for such period in the range of $4.5 to $5.5 million resulting from mark-to-market accounting. We also estimate that Gastar USA’s consolidated capital expenditures for the three months ended September 30, 2013, excluding acquisitions, were in the range of $22.0 to $24.0 million. We project our capital expenditures for fourth quarter 2013, excluding acquisitions, to be in the range of $30.0 to $34.0 million.
Our normal closing and financial reporting processes with respect to the foregoing preliminary financial data for the three months ended September 30, 2013 have not been fully completed. As a result, our actual financial results could be different from these preliminary financial data, and any differences could be material. Our independent registered public accounting firm has not completed its review procedures with respect to our unaudited financial statements from which such data may be derived, nor have they expressed any opinion or provided any other form of assurance on the data. The foregoing is not intended to be a comprehensive statement of our unaudited financial results for this period. The results of operations for an interim period, including the preliminary financial data provided above, may not give a true indicatio
Here the rest of the info...
Consolidated capital expenditures for the period ending 9/30 is $22.0 - $24.0 million, excluding acquisitions.
Capital expenditures for the 4th Q are estimated to be $30.0 - $34.0 million , excluding acquisitions.
Tried to post the link..but Yahoo won't let me. Go to Edgar ..........in connection with the public offering of the Series B preferred Gastar released some preliminary number for the period ending 9/30.
It ain't looking like they will meet analysts numbers...
Revenue: 17.8 -19.8 million
Income from operations: 1.0 - 2.0 million
Includes unrealized hedge loss of 4.5 - 5.5 million from mark to market accounting.
Avg daily product was 59.3 MMcfe which included 9.3 MMcfe of East texas properties that were sold on 10/2.