KS had a worse economy but was able to cut cost and save cash. I would not be surprised if MB did sell the Boston property and then turn around and give out to executives and managers larger bonuses to make up for the declining share price that effects their stock holdings..., not yours..., theirs. I will predict this though..., I expect you will start to see Law firms get involved in having this team investigated on behalf of shareholders. Just saying MB has made it ripe for lawsuits now. All JMHO from one who remains on the sideline. Also watch for "golden parachutes" policies to come in the near future.
Yes, I noticed the cash burn. I just don't understand the "executive and management transition cost" mentioned. Not to mention MB starting off with "We are pleased with our third quarter results...," considering how management is spending so much money on themselves, it is evident that MB simply has no respect for the shareholders. He just comes across pompous. My only regret is not selling sooner. It looks like e-vine will see a new 52 week low, sooner than the other way around. Those who thought KS was bad, should be pretty disappointed in the last years events that MB has delivered.
Sparky, What is this "shareholder rights" thing MB mentioned in the report?
Well they did beat the revenue numbers although at the risk of margins, so to that congratulations in part. However, a loss of 9 cents is a bit of a surprise one has to admit, along with the very low EBITDA numbers of 200K. It appears the management spent more on itself this quarter. So I will continue to stay on the sidelines for now. Who knows maybe the market will like this report..., the way this market trades its anyone guess..., we'll know when it opens. As to Q4 right now, I expect more of the same 3-4% revenue growth at the expense of margins and more spent on management. Could they squeeze a profit out for Q4? Maybe 2-3 cent.
As for an opinion on GE, if they are or going to sell on the open market again, I expect the stock price to be under pressure like before. Also since I am no longer a shareholder, can one of you longs explain the shareholder rights subject mentioned in the report. Thanks and good luck to all my old friends Tar/mar, Retail, harry etc..
Don't underestimate China it is five times more in population and now in 2nd place in behind the U.S. in consumer purchases and gaining. China is HIMX's market, thus where the growth can explode.
Actually doowop, IMHO this may be a step to give the company to the venture capitalist after CPST files for BK..., just a guess on my part. But I am glad that Lawyers are looking into this company now vs. if the company would move to BK. IMHO DJ would love to take this company private and leave the shareholders with nothing. ALL again JMHO.
Well it is starting to look like the market has some questions on this news from CPST since it has given up most of the gains from this morning. Hmmm, all in 20 minutes. Maybe there is something fishy about this transaction. Ah, all the Law firms now involved in investigating CPST will find the real answers. Of course the best transaction would be for DJ and the BOD to step down.
Well, at least someone will make money from this deal, but I doubt it will be us. However if DJ can now raise the price of the products a l o t, we could then see a dare I say profit. I wonder if DJ himself is part of this group? Hmmm, maybe the many Lawyers can check this out. I would also think since this Company is using our name, are they paying for that? Unless DJ can increase prices by using this new tool, nothing will change..., DJ needs to improve the profit margins to the mid 30% or 40% level. Now who will get the profit..., the finance group or the company itself? If anyone thinks the finance group would be happy if they would charge a lower than 10% rate, well then they do not understand IMHO how these finance people work. I would like to know more in detail how this works and if DJ will be playing games with how they record sales numbers..., will this group pay in full CPST for the product purchase? This could be interesting, but DJ better be careful IMHO in the accounting area.
So far the market likes this news and as a long term shareholder I do hope it is a good strategy to take as long as it is on the up and up.
Yes but be careful with PSEC as they requested in their last proxy asking shareholder to grant them permission to issue shares below the NAV..., I voted against that.
Well, DJ has promised profits for what, three years every quarter I believe. The Law firms will look at all the statements made by management to find out if management was making false statements and if management did then the SEC I suppose will ask their questions to DJ and the BOD. Actually I do think this is a good process to go through at this time, since we keep hitting all time new lows in the pps.
nad, it has little to nothing to do with the dividend. A K-1 forces you to file many tax form's and can subject you to pay state income taxes in states where the MLP is invested too. See a K-1 is a requirement for MLP's to file in your name to the IRS by April 1st and send you a copy. I just want to know since the ETF is investing in MLP's themselves on your behalf as an investor of the ETF, will the MLP's within the ETF or the ETF itself be required to file and issue a K-1 to the investors of the ETF? I hope I am making this more clear to you nad. I am trying to find a way to invest in MLP's without the need to file many tax forms like I experienced before.
I do know that. My question relates to MLP's in general and they all require a K-1 which can cause a huge tax issue when filing. I had a MLP and ended up filing over 100 pages of tax forms and it did not matter if it was in a regular tax account or IRA. I just want to know if YMLP is subject to issue K-1's?
Well that is a play on words, the sad thing here is the hourly workers who don't get "merit" increases. These are the employees who perform the best, a very bad idea because this mounts to about 3-6% of the shop employees. As to overtime, well if you do not have sales then it is normal not to have the need for overtime. It has nothing to do with union wages scheduled wage increases. So DJ is only punishing performance for the working class. Wrong thinking.
As to the executives who left? Take a look at three executives that left and look at the packages they got to leave..., sweet deals. Again because they are executives and not rank and file..., why not just lay off the executives like the rank an file workers?? Hmmm, what a concept.
Now lets look at the wording next you posted kevin: "...convert all variable cash compensation to stock grants". Well, Well, Well, that's away to reward these people as they receive stock, they don't pay a dime (no pun intended) for the shares they can turn around and sell...., free shares to sell and turn in for cash. Shell game anyone? What he should have done is eliminated all types of bonuses and had executives take a 10% cut in pay for 2016 at the minimum and lead by example taking $1 in income for himself for 2016. If the argument is made that he would lose key managers, then let them go without paying a going away compensation gift and get the good managers that are looking for work, who were downsized from their last job..., believe they will work twice as hard to keep CPST in business, as that will mean they have a job. Also DJ should reduce the BOD by attrition at the next annual meeting by a the least two, Give up the CEO position and remove himself from the BOD yet be "President" of the company.
In the end with the cuts DJ took earlier in April and then the new ones to the rank and file...., all he hurt is the people who perform the best building the products which is backward thinking, showing he is not up for the Job.