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Cobra Electronics Corp. Message Board

tresfind 13 posts  |  Last Activity: Jul 7, 2014 1:11 PM Member since: Dec 10, 1998
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  • tresfind tresfind Jul 7, 2014 1:11 PM Flag

    No problem at Ameritrade. I believe it is up to each firm to set their rules. They are all different.

  • Reply to

    $4 high today

    by smaycs4 Jul 2, 2014 3:53 PM
    tresfind tresfind Jul 3, 2014 1:51 AM Flag

    Just a reminder. CEO pledged personal assets to get loans from Sterling Bank to begin this journey and deserved some compensation for that . He has continued to accumulate stock, buying in the open market, and puts his money where his mouth is. I only wish my other cos. had that kind of mgmt.

  • If you bought this co. at current price and stripped out the cash you;d be buying a $31mil. rev. stream that could be running at near breakeven or slight profit just getting rid of current mgmt. salaries. (takeover) I don't think these guys are worth their salt as in spite of increasing revs. from 23 to 31 mil. the last couple yrs. they have eaten through about $9 mil. in cash taking cash from 15 to $6.1 mil. I therefore would like to see the 20% holder succeed in his efforts to replace the entire board and mgmt. in an attempt to return us to profitability.

  • Reply to

    Trouble ahead for Cobra

    by traderx01 Jun 23, 2014 7:31 PM
    tresfind tresfind Jun 27, 2014 11:05 AM Flag

    Seeking Alpha article on RSH - every coin has 2 sides - interesting: RadioShack +9.1%; SA author sees a contrarian play • 10:39 AM

    "RadioShack (RSH) is really not the unmitigated disaster that the overwhelming majority are making it out to be," declares SA author Charles Moscoe, making a bull case for the hard-luck electronics retailer. Management has said RadioShack has enough cash for 12 months, and the company is aggressively slashing costs in the interim.
    Moscoe is also pleased with recent insider buying, and notes other struggling retailers such as Rite Aid, Best Buy, and SuperValu have risen sharply from their lows.
    Though he admits the risk of bankruptcy is "material," Moscoe considers the risk/reward favorable in light of RadioShack's potential upside. He also thinks equity holders might not be completely wiped out should a bankruptcy happen.

  • Reply to

    Trouble ahead for Cobra

    by traderx01 Jun 23, 2014 7:31 PM
    tresfind tresfind Jun 23, 2014 10:31 PM Flag

    I am sure COBR mgmt. is aware of RSH troubles and is setting terms accordingly but it would be the loss of a large customer. I don't see it as major trouble.

  • Reply to

    Maybe I underestimated the underwriter ?

    by smaycs4 Jun 10, 2014 3:20 PM
    tresfind tresfind Jun 10, 2014 5:28 PM Flag

    Depending on the price the secondary gets done at this co. could easily be earning in the high thirty cent per shr. area with the additional capital they raise just based on their past returns so for you to doubt their ability to pay the .28 div. is shortsighted and naive IMO. Get out your calculator and run some numbers (if you have the knowhow). Mr. Ran is not going to declare a dividend he thinks he will have to cut. LOAN is just starting to find it's legs after a long period of proving itself in this business. This tree is just starting to bear fruit.

  • Reply to

    Seems to me the underwriter has a big incentive

    by smaycs4 Jun 6, 2014 5:31 PM
    tresfind tresfind Jun 9, 2014 12:31 PM Flag

    Well, back in the 70's 80's era when I was a broker for a leading firm, the way it worked was cos. established in investment banking relation with a firm in anticipation of doing a secondary. If the stock price was deemed too low the investment banking firm would have an analyst put out a buy recommendation on the stock to get the stock up to what was considered a fair price for the client and the investors prior to doing the offering. It was common for the stock to drop back a little on the announcement ot the offering and then resume normal price action after the offering was completed. I think this stock is worth $3 at absolute minimum and feel certain Ran would NOT do it at less than book, worst case scenario. The biggest problem with LOAN is that it has no following, thus the low volume. If this investment banking firm is worth their salt they will take this thing to $3 or more prior to doing the secondary. The secondary should also help in possibly broadening the interest here. At any rate, without a major catastrophe, downside here should be nil. with 200 to 300% possible return over the next 6mos. to a yr. Hopefully Ran, will be smart enough and the investment banking firm reputable enough to get this deal done at a fair price to all.

  • tresfind by tresfind May 28, 2014 11:55 AM Flag

    Are you kidding me? At the current price of 2.37 the div. yld. they will begin paying in Aug. (approx. 2 mos.) is 11.81%. At $4 stock price it would be 7%. This stock will go HIGHER. It has no following but now has an investment banker preparing for a secondary. It will get additional attention. Cash is trash. You nearly have to pay money mkts. for holding your $, banks give you nothing, govts. not much better. This story will be discovered.

  • An added benefit of a secondary may be increased exposure and liquidity. We definately need that. I have been first in line on the bid several times and seen the stock trade there without getting 1 shr. The market maker takes the stock because he knows it's going higher. Not fair, but not illegal. The rules of the game give him the advantage. Would love to see that change. Remedy of course is to pay the ask but often the spreads can be larger than I like.

  • Reply to

    Roadmap to $4 - 6?

    by tresfind May 21, 2014 11:22 AM
    tresfind tresfind May 22, 2014 11:57 AM Flag

    Your above examples of REITS are not comparable to LOAN. One of the cos. you cited is even being sued for bogus accounting. Bridge loans, being short term, should carry less risk than longterm paper and LOAN is very conservative in the amount of $ they lend vs. appraised values of underlying properties and usually requires personal guarantees from principles involved on top of that. Average ylds. on REITS overall averages approx. 1 1/2% above the 10 yr. treasury yld. I guess in the end the market will decide what the yield on LOAN as a REIT should be but I think scs4may thinking of 6-7% would be a much more appropriate figure which would put the stock up into the $4+ area where it might be appropriate to raise some additional capital through a secondary getting us the additional earnings for a $4-6 price target..

  • tresfind by tresfind May 21, 2014 11:22 AM Flag

    There is a possible roadmap to 4 -6 here. As a REIT paying out .18 to .20 in divs. could drive the stock price to roughly $4. (.20 div. @$4 = 5% return). With a little nudge from an investment banking firm they take it to 4.50 where the co. does a couple mil. shr. secondary and raises another $8 mil. which, loaned out at their current rates should allow the co. to earn roughly 2.2 mil and pay out approx. .32 in divs. on the 6.26 mil. shrs. out after the secondary. At a $6 stock price the .32 div. would be 5.3%. At a $4 price the yld. would be 8%.

  • Stock has corrected 36% off recent highs. Wells should begin adding to revs. and earnings, , HK well 4000 ft. east of Avalon Golf Course is a producing well (not on AWX property) so there is a high probabilty AXW is sitting on top of oil and gas that could be tapped at some time in the in the future. Stock at less than 1/2 bk., low P/S ratio. Wow, I love opportunities like this.

  • A tip of the hat to Longtimefollower. Your comments were well stated and articulated. You "da man".

COBR
4.21+0.09(+2.18%)Jul 25 3:57 PMEDT

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