Not any more. I had some a few years ago and sold fer a minimal profit. Yet I have kept my eye on it. I did own some Carbide Graphite prior to the bankruptcy and lost a small amount on thatten. I reckon I broke even on those two trades.
Fellar, I reckon the idea was sell now befer it goes to pert near zero...............remember they lost $160 million in the last quarter a 2014 and $56 million in the first quarter a 2015............stagnant steel market, tubular pipe sales way down in the drillin' sector, grapheme a decade or so out.............can you spell "THE WRITING IS ON THE WALL"?????
Fellar, a bargain here? Anothern 2 quarters like the last one and (-$1.26 X 2= -$2.52) and the NTA will be negative $0.17 a share.
Fellars, I'd be surprised to see a profit..............I'm takin' a wild guess at a loss a pert near $0. 55/share. Iffen thar in the black it would surprise me. Jest my 2 cents worth.
Fellars they stayed in the black but barely. Sales were down a tad but not bad considering everthing. The balance sheet shows $5.00/share in cash alone. I sorta believe 2014 was a transitional year and got a hunch that 2015 will grow EPS in thar business. Would be great to see anothern 42 cents/share in 2015 like a couple years ago, but doubt it will grow that much. Yet copper prices are down and maybe who knows? They really need to grow EPS fer thissen to take off. I believe it is stagnant because a that, and investors might say "show me the money" befer investin'. Somethin' need to happen to spark a rally............either a buyback or bigger EPS............otherwise I believe it will jest sit here under $3...........my 2 cents worth.
Fellars, this looks to me a desperate act to keep the good ship GRAFTech afloat. Anothern $150 million from Brookfield a year from now and control a the compny #$%$. Tick-Tock-Tick-Tock...........the clock is tickin' away...........
Fellar, with the guidance offered in the PR, I still don't believe they'll come close to breakeven in Q#2...........The way I read it is thar settin' the table fer another disapointin' quarter. It may not get any worse, but it may be close, especially iffen thy have to scuttle some operations? I believe it is safer on the sidelines right now.
Fellar, I believe they are in trouble, why else the Brookfield arrangement? Look fer layoffs by the end a this quarter in my view. The Brookfield arrangement won't be a big enough tourniquet to stop the bleedin'.
Caveat emptor................Fellar after this action it will drift lower as guidance is still weak.............will be back in the $3's by year end. Traders may find a way out here, but long term (18-24 months from now) thissens on hold, maybe even dead money. $3's by 12-31-15 in my view. The biz is weak right now.
uglic2, have you averaged down any? I'd like to get in but I prefer to be on the sideline pickin' the lint outer my bellybutton fer now. Might even be scratchin' my hiney after tomorrys report. I believe thissen'l rebound at some point, but when a course is the question. Not too soon is my guess.
Fellar, you smokin' one a them thar crooked ciggys in Colorado? it'll be back in the $3's befer you see an 8..............hysterical sheet, hah,hah............my guess is a loss a at least 2 cents/share tomorry............Lots a tubular steel aint bein' made fer oil & gas cowboys right now.
ilostmymoneyonwomen............that's exactly the point I was makin' when one looks at the 4/15/15 8K report!!! Aren't thar more than 9,124,452 shares outstandin' to?
real, take a lookyonover to the April 15, 2015 8K.............it lists cash of $60 million and unrealized borrowin' capacity a $68 million..............so that $128 million is part thar own cash and another $68 million in unrealized borrowin' capacity. Nowthen the combined compny lost $28,834,000 in 2014..............iffen oil prices don't recover or even go lower they could burn through that $60 million (thar own cash) in 2015-16. That $68 million in remainin' borrowin' capacity could be reduced iffen the banks tighten up as they are doin' right now in the oil patch as the banks have gotten more restrictive recently. I think caution is the word here. I still believe the first two quarters a 2015 will be losses or barely breakeven. I still believe we'll see $19.75 by June 30. Hate to throw a bucket a ice on the party, but nothin' I've seen convinces me otherwise.
Fellar, you might see it dip back down in the $3's after the quarterly is releasered. I caint imagine them bein' in the black this quarter. My own view is that we are currently in a recessionary trend. The first quarter will be lucky to see 1% growth in GDP or less. All the layoffs goin' on right now and those affectin' tubular pipe in the oil & gas industry will probly impact future order growth. I'd say it's a 50-50 chance we will be in recession this year in spite a the Fed Reserve handin' out free money.
Much obliged on the post trepalais. Yet, the environment is a tad diffrant I would wager than back then. Many oil compnies did very well when oil was $80+/barrel and GEOI wasn't that much diffrant. I have been cautious here ever since the Boolean hype and while I once owned the stock, it is not much changed from the price a 10 years ago. Those that traded it on $ 2 to $3 price swings and had good timin' probly made money sevral times here. I prefer to buy and hold fer a spell unless I get lucky. Buy and hold here the past 10 years or so has not paid off and some investors have been whipsawed by the price swings. I appreciate the heads up in yer post and info but remain cautious due to the pricin' environment. I would like to get back in but this poor pricin' environment could last anothern 6 months or so. Thus I am content to be on the sidelines. I have been outer the market fer the past 2 years or so and would like to nibble back in but I am not a fan of buy high and sell higher as that is too risky fer an older fellar like me. I am content with keepin' cash on the sidelines fer now. Thanks for the insight and I hope you are right in the long run.
Innerstin'..............yet click on Key Statistics and the combined compny data is posted.........diluted 2014 loss per share at -$3.11.................13.82 million shares outstanding and a book value a $22.90.................will this estimate a book value be reduced iffen the current quarter or next quarter are losses? Will the value a the properties be reevaluated downward? Will ESTE sell befer it gets ugly iffen the price a oil stays stagnant and they keep incurrin' losses?
Fellars I must admit that I am surprised at the price strength here the past 2 months. Am jest wondrin' how this is happenin'? I caint help but believe they are burnin' through some cash in this dismal pricin' environment. Maybe investors are ignorin' it and still buyin'? I caint help but believe the quarter endin' March 31 will either be flat at best or anothen loss. Am scratchin' at both ends right now. Some oil compnies have taken valuation reductions and are still weary a sellin' leases at lower values to acquirin' compnies. I must say I'm bothered, bewitched, and bewildered here.
real fellar, I tend to agree with you that thar will be a write-off, but not sure how big. That could then illustrate a discrepancy between the share price and new value a the assets. They lost $3.11 per share in 2014 as a combined compny. I relize some a the expense was about the merger. I think the next two quarterlies will show losses or jest slight profits which will affect the PE valuation. Thar was a gigantic oil storage build announced yesterday and many a them compnies will keep pumpin' the black gold cause they gots bills to pay and this won't help the oil surplus issue. I think thars a 50/50 chance 2015 could be another year a losses, maybe not $3.11 per share as 2014, but perhaps close to $1/share in losses in 2015. I still think thissen will drop below $20 at some point again in 2015. Is the optimism here a tad too high given market conditions?