Sophia I bought your shares that day. I would like to sell over 7. I remember you from acy. You got out at right time on that one but it will have a killer 4th qtr in March and stock will rise back to 16
The profit or loss from income statement should flow to the balance sheet. In this case it makes no sense. I'm trying to understand why. Your explanation does not make any sense to me. I was wondering if it was due to currency translation after the fact.
I purchased 5000sh yesterday. In 3-5 years will be a double. I agree could go lower.....and if so I will happily buy more.
Your arguments are really weak. Many tech companies sell at way more than revenue and book. I have owned a lot of shares in this co for over two years and was looking to get out after the multi country deal was announced.......but changed my mind due to the magnitude of contract. I now believe there is strong momentum and believe they could hit 10sh before earnings announcement. And if they announce any more deals, it will go even higher.
Momentum is strong last couple of weeks and unlike a couple of other surges during 2015, this one should have room for further expansion. Equity will be at $27sh by end of qtr and with a conservative estimate of share price at 70% of equity, gives a fair value of $19sh. This is very realistic and could happen within weeks.their assets are probably worth from 20 to 30% above stated book based on recent sales of older planes. Also, they are sitting pretty with long term lease contracts on their core portfolio.
The one caveat is CEO recently took a medical leave. The concern here is that it is a rudderless ship w Neal gone. We'll soon see. They have been aggressively selling non core planes at solid profits to book as the recent announcement of a $5.7 mil gain on sale of two planes will attest.
It's obvious the mkt has taken notice at just how undervalued ACY so expect strong price appreciation over next few months.
Earnings soft but reduce inventory and receivables by 10% qtr over qtr. Very significant as trend has been up for many qtrs. Yes some is for doubtful accts, but overall a big positive. Cash close to $5sh. They can easily finance a higher takeover amount closer to $5.
At any rate, this will be a clarity session tomorrow. Sorl has been increasing receivables and inventory for years. This is their chance to write off bad assets in justification of lowball price.