Read this thread, did 2 minutes of research....and bought a wee bit. Was sort of funny, I logged into my Fid accnt and entered an order to buy 5k at the market but then I saw how low the trading volume was so changed it to 1k before hitting the submit. Now at least I will follow along and hopefully add a bunch as my comfort level grows.
I just looked at the "Major Holders" list in Yahoo Finance. I'm sure that overall insti interest is way up. There just aren't that many entities capable of selling this many shares.
info packets due in July AND talk of improving shareholder value and liquidity. I think some big strategic moves are coming for the company. CEO must believe the future is bright and now is the time.
Hi motormanohio, I do not own any commercial (retail, strip mall, office) real estate. My main real estate holdings are several small multi-family buildings. One is a 10 unit with all two bedroom apartments/detached garages, another is a 5 unit townhome style building and each unit has an attached 2 car garage, and another is a 6 unit with all two bedrooms and detached garages. The nice thing with residential is that it is profitable from day 1. The difficult thing with commercial is that you need really deep pockets to ride out any vacancies as they can be tough to fill. The residential rental market is pretty strong all over right now so easy to find good tenants. I don't even know what my loans are, I simply trust my local bankers since they are people I know. I closed on the 6 unit last week and it is a 15 year loan, interest rate locked at 4.3% for first 5 years, and I only had to put 10% down. My rate on the 10 unit was locked for 10 years at 3.6% (I still chuckle about that). That is the beauty of this type of real estate, you make money with other people's money. All I care about is that the building pays for itself and the mortgage. Within 10 years, the building is about 90 - 100% paid for and then you sell it. It is still possible to find some good apartment deals but the pickins are slim. If you do go this route, buy near where you live so you can keep firm tabs on what is going on, even if you hire a prop manager.
There are only 2 institutions of any size so perhaps that is the source.....BUT volume remains pretty high, today again is well over 1% of outstanding shares. I would think that even if one of the bigger insti or funds is lightening up they would have been done weeks ago. Can't be insiders or Borg since they have to file forms.
158mil outstanding and that total has been flat for several years since the dilutive Duchess financing ended.
I think the biggest owner is the CEO, he has about 16million shares. So the float should be pretty large, maybe 120 or 130million shares. It has always baffled me why trading volumes are so small.
I typically own anywhere from 5 - 10 stocks that I do not intend on holding forever. Stuff like NAII, MCZ, etc. Then I own about 5 more that I intend on never ever selling.
I have lists that I have maintained for years of maybe 200 stocks that I occasionally go through when markets dive.
Much like you fab, my weighting is not equal. I really only care about the 5 - 10 short term (months/years) stocks and my biggest is about 40% of the total of those 5 - 10 right now. I have no qualms about weighting going up to even 70 or 80% because the totality of all my stocks is now quite a bit smaller than my real estate/apartment holdings.
I think you are smart to own 40 if you are doing it full time. It makes it more likely you will notice things before others and gives you a chance to pile in to several before they ramp upward. That is sort of what I do when I own one like EMMS right now. This is also about exactly what hopeful did with NAII. He owned a little then quickly grasped when things changed and then really piled in for his benefit. Good way to do it.
I admire your persistence and guts. Just not sure it is worth the stress. If the deal goes through, you make about 13 or 14% from here. Not bad, but not exactly great either.
NAII is going to go up at least 50% in the next month or two.
VTSI is going to double this calendar year.
BAC will even get you better than 15% in the next 3 or 4 months.
RFP will double or more over the next 9 months.
PNNT pays a dividend that ensure over 15% over the next year.
CNAT could go up multiples...or not.
EMMS is a sure thing over the next year or two.
My point is that there are much easier and lower stress ways to make 13 or 14% over the next month or three.
At this point my guess is that the FTC says No but that TDK/Hutch have a side deal approved to sell only the OIS business to TDK and that Hutch emerges as a debt-free company focused only on suspensions. Just a crazy guess.
Add EMMS to that list. Why? gut feel and it is a cash generatin machine and per the last cc the CEO said to wear shades
Considering the low number of outstanding shares, the volume has been really decent for quite some time now. Not sure who the sellers are but eventually they will run out of shares and the price will continue to climb. All the valuation metrics suggest it is more undervalued at 13 than it was at 5 a year or so ago. Crossing over $100mil in revenue is also a big deal in my book. I think when it does go up, it isn't going to be a dime a day but instead a dollar or three a day for a few days in a row. Maybe the catalyst will be a new fund, maybe some technical chart thing, maybe a buyout rumor, maybe big insider buying, maybe a road show preso, maybe maybe maybe. Easy one to wait on at least.
It actually makes sense to me. Why buy now? Smarter to wait until after June 2nd. If the news is knock your socks off great, then you can buy for 21 cents. If it is a disaster, then you can buy for 17 cents.
It is even better than that....as in WAY better....as in new NEWS. On IHUB there is a link to the gov site with the details of this award. It includes a PORTABLE system! I don't think anyone knew VirTra could produce/deliver a portable system. This means they can fight for the ENTIRE $40mil of upcoming awards via this one contract. I had thought that VirTra could only get the fixed systems and that FAAC was named since they do have a portable system. VirTra really is firing on all cylinders.
Stop thinking so much, not worth it. Just buy the stock, kick back, and relax. As an aside, the mental gyrations you put yourself through are the main reason why employees and insiders can almost never trade their own company's stock successfully. And yes, I know you don't need any advice from me. And yes, I don't always follow my own advice. One reason I really like NAII is that I don't care about it (the company, the stock, the product, etc.) at all....which makes it easy to be objective and buy/sell with ease. Weird eh, or is it Canada eh.
I am good as well. Still have all my shares and then some. A few other stocks that have popped upwards for me have helped soften the MCZ decline. Also, when a stock declines, what was once a relatively large amount of money becomes a smaller amount of money and inherently less important going forward....so less worry.
I believe at this point that MCZ expectations are so low that it would be impossible for them to disappoint on June 2nd. I don't think any of the numbers will matter. All that will matter in my opinion is the confidence expressed by the CEO and talk of what to expect for the remainder of the year.
I also think that Mad Catz is not behaving like a company on the brink. They are announcing quarterly results at the same point in time as always and most importantly they are having a cc and opening it to everyone. Companies near the end do not have ccs or answer questions.
Lastly, I know for a fact that $100mil in more or less breakeven revenue is worth something and that something is more than $14million. I also know their brands and industry relationships have value as well. So at this point really no worries. I can continue to wait for as long as it takes.....though Rubin might help speed things up IF June 2nd comes across poorly.
Cheers all.....and buy VTSI, it is worth 3X the current price right now.
Your first sentence is oh so true though many do not believe it. This is much to the benefit of stock pickers, value buyers......and is why at any given instant very few stocks are trading at their "correct" value.
The list of shareholders for any public company can be had by simply requesting it from the company or transfer agent.
Alex is easy to find and contact as he is an attorney in Brooklyn, NY and has a website. Let's just say the CEO better be on top of her game and the moves to date need to be showing progress.