Don't like the way this is headed. - Have been adding a little to dollar average on the way down - but looking for some stability before going too far in. ......Overall market doesn't help - Appears to me a continued "flight to safety with utilities high paying blue chips etc being the only segments doing well here.
It makes it easier for Ariel to sell the company. But that could be a good thing. - They haven't made their investment to lose money....
Should be some additional buy backs in the mid $14 range by the company as a price support. - They seem to feel that it's a good investment at that level! Plus debt is getting paid down at a decent rate. It will require patience with this one but I think sticking with it will bring rewards in a year or so. Should see a stock price of $21-$22 by then.
lots of volume here - must be some major holder running for the door. Picked up 5k more shares@$2 this morning missed the better SALE at $1.85 but think this will work out well in the long run.
Ok added to my position again this morning- but starting to feel more and more like trying to catch the falling knife......
Agreed. - God chance to double your money in 3-4 years from real organic growth that not only makes money but also pays you a nice dividend while you wait. - Not like other internet stocks that have never made money or trade at pe's in the hundreds
Looks like the market maker is the only one making money on this stock right now. - big spreads between the bid/ask and large volatility during the day on low volume.
Only one question asking when they would be exiting their core business because the numbers don't indicate any positive future. - The answer was simply that "we don;t belive you (the analyst) are correct and that they had "faith in their ability to do better in the future. - Most of the time was spent talking abut he 75 million already invested in real estate recently and the 190 million that will be spent on real estate over the next three years. - I declare that this is now a real estate company - not an electronics company. - Balance sheet is still in ver good shape (low burn rate) but investors will need to be patient.
Should be seen as a big positive for dividend paying utilities. Get 5% plus instead of having your money rot in the bank... If TE goes from sub 17 to 18 which it should that is another 5+ % for a total return of 10% plus - Take that rate every year and double your money in 7 years! (of course things can change before then)
I think these guys are still buying. Ariel Investments, LLC shares=3,793,689 % of outstanding = 17.72% Value = 27,504,245 As of Mar 31, 2014 - in fact I would not be surprised if they have north of 20% soon. - This amount of concentration amy make it possible for them to take over the board- bring the company private - or sell it to GE or someone else.
What kind of return can they get out of the real estate play? How soon can they make that happen? - Then does turn into / need to perform like a REIT? On a a pure asset basis this stock dos appear to be very cheap. - The question is what do they do with the assets to get a return. - Are you know buying a REIT with a "bonus assembly / manufacturing company that is a "wild card" if they happen to hit on a hot product? - How long will they be able to keep the resources (people and productive capacity) in place before this wild card no longer exist? At a price approaching a dollar a share it is now back into the - #$%$ take a flier type valuation.... !