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Forward Industries Inc. Message Board

tresfind 12 posts  |  Last Activity: Dec 24, 2014 8:19 PM Member since: Dec 10, 1998
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  • Current mgmt. team has drained this co. of the SHAREHOLDER'S cash. VOTE EM OUT and vote WISE and team to salvage what is left.

  • Reply to

    Truly Epic Collapse in Share Price

    by roboklerk Dec 23, 2014 12:07 PM
    tresfind tresfind Dec 24, 2014 12:03 PM Flag

    General observations: Golf courses are still sitting on oil and gas reserves. (we don't know how much) That is worth some premium over their value just as golf courses. Marcellus shale play is huge and will continue for yrs., maybe off and on depending on oil and gas prices so don't panick. Disposal wells are expensive to create and worth something even it they had to sit idle til higher energy prices return. Mgmt. here doesn't know how to promote their stock price even when things look positive. They should have been all over it during the shale boom. Great chance to get stock price above book value and do a secondary to raise additional capital with which to grow co. 'Will a new CFO help that? (jury is out yet) All in all we own some tangible real estate, energy assets that aren't going away as long as mgmt. doesn't spend us into oblivion.

  • Reply to

    Growth

    by tresfind Dec 19, 2014 11:13 AM
    tresfind tresfind Dec 22, 2014 10:41 AM Flag

    You don't get it! Secondaries raise $ that LOAN pays NO interest on compared to bank loans which cost the co. about 6%. . (free $ so to speak). The more capital they can raise and lend the faster the earning and dividend growth and the higher the stock price. Secondaries done at a high stock price are like a shot of growth hormone.

  • tresfind by tresfind Dec 19, 2014 11:13 AM Flag

    Don't mistake this for being just a dividend stock. It is a GROWTH stock to the extent that they can raise additional capital and continue to lend successfully. Higher stock price means more $ raised for less shrs. outstanding thus higher earnings and div. payout thus higher stock price. Do the math. Can be like a snowball rolling downhill and as it grows it will attract bigger money from institutional investors.

  • Reply to

    Organizational Changes At AWX

    by pa1702 Dec 3, 2014 5:45 AM
    tresfind tresfind Dec 8, 2014 1:29 PM Flag

    Also the change is an indication AWX is stepping up it's game as has also been indicated by the move into the wastewater injection wells and the hotel aquisition. I think mgmt. is finally getting tired of just sitting on their thumbs with a big cash position and intent on changing their image to one of growth. Will it work? The jury is still out but the wastewater wells can be very profitable and the hotel (?). Anyway we are finally seeing major attempts to spur growth here which could eventually lead of higher valuations on the stock price. Valuations here have been EXTREME on the low side to say the least.

  • Reply to

    Organizational Changes At AWX

    by pa1702 Dec 3, 2014 5:45 AM
    tresfind tresfind Dec 8, 2014 1:16 PM Flag

    I disagree. A good CFO can have a huge impact on guiding mgmt. decisions and steering a co. to financial success. Have experienced it a no. of times.

  • Reply to

    Organizational Changes At AWX

    by pa1702 Dec 3, 2014 5:45 AM
    tresfind tresfind Dec 5, 2014 2:22 PM Flag

    I've been in stocks where a new CFO has turned out to be the spark that ignites a new fire in co. performance and stock price going forward. Have no idea how this one will turn out but change here is good and needed IMHO.

  • Reply to

    Anyone have NAV on company?

    by bidwillie2 Dec 4, 2014 10:14 AM
    tresfind tresfind Dec 4, 2014 11:07 AM Flag

    CEO is already the largest shareholder and has continued to increase his position over the last several yrs. and has not sold any. Before the offering he owned over 50% of the stock. He puts his $ where his mouth is unlike most CEO's. My kinda guy!!!!

  • Just added a little more here. This stock ought to benefit. Nobody here yet. The early bird gets the worm.

  • tresfind by tresfind Nov 14, 2014 12:49 PM Flag

    Seilling at near half of book value with P/S ratio of .13, CRV is a very cheap stock. With oil prices having declined significantly and the economy picking up CRV is a prime candidate to benefit from people getting back into motor homes and boats. Opportunity knocks here.

  • Reply to

    Rule of 72

    by tresfind Oct 10, 2014 11:19 AM
    tresfind tresfind Oct 22, 2014 10:38 AM Flag

    This co. has shown consistent growth in this business since they began as a short term lender several yrs. back. I have no reason to believe that won't continue with their conservative high collateral, personal pledge requirements. As they continue their highly successful practices it will be easier for them to expand their capital base and the growth will be like a snowball rolling downhill gathering momentum.

  • tresfind by tresfind Oct 10, 2014 11:19 AM Flag

    At the 2.70 price (10.37% yld) your money will DOUBLE in LOAN in just 6.9 yrs. from the div. alone, assuming no appreciation in stock price. Has your house price doubled in the last 6.9 yrs.? Are you getting this kind of return in banks, MM, etc.? This co. will continue to grow and raise additional capital to lend as market conditions dictate. I see a potential double in the stock price while getting paid 10.37% return while I wait. The street has consistently not given this stock enough credit. They will come.

FORD
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