Could you also comment that tarp increase. Do you hold any banks, which haven't paid that back yet? How they are performing?
"...+If there's no insider purchasing, I really don't care what it is or how good it appears."
I agree, if insiders don't see any value on their stock, they may be right.
"+If you really have an iron stomach, check this one out - I just bought this morning - will probably end out holding for 5 years - GRBS. Teeny tiny bank (I am partial to banks these days that are mispriced)"
You know, i invested basket of small community banks last year or so but my results about (+-0) huge drag for overall performance. I have divested all, because they quite much lost momentum, i don't know was it looming TARP div increase or what, but i sold them and planing to buy back, when dust has settled down. I will look GRBS closer.
"+What else are you invested in? "
Right now i don't have any ideas which i'm overly excited, That's why i'm so eager to hear your ideas. :)
But i hold with stocks like ESCA, RCMT, BRN (disapointing). Also some otc-listed companies like AASL, NXOI.
I still kick myself, because end of last year i did some re-balancing, and i sold EONC about $1, and today it's of course has outperformed my portfolio with wide margin. :)
I really like your ideas, when it seems that you are clearly playing a lone hand. These ideas are not too crowded.
I agree, SPCH has tremendous potential. I keep looking this one too, meanwhile i wait to get more cash.
Thanks for answering my questions in-depth. I agreed.
I may start buying, if i'm able to get some cash from other investments.
Do you own / follow any similar companies?
Needless to say, i'm grateful how you share your thoughts.
One more, which products / areas, you think will be biggest growth drivers going forward? Where is the potential?
Interesting, how long you have been following / owning this company? Also, Do you have idea, how long turnaround will take, or is it already happening?
i see there is that 30d trial, but they don't tell how much it costs after that? Could you elaborate little bit?
May i ask which Zacks information packages you are currently subscribing? is it premium?
"ibcnu2nite: Not bad for a company whose entire market cap is currently less than $7 million, a sliver of what it was once."
Did you mean, less than $7 _hundred_ million? Or are we talking about same company?
JMBAs 2014. Especially 2-half, but overall risk reward ratios is against going long at these levels. This prediction is based solely on my fundamental analysis.
Sentiment: Strong Sell
Their earnings are out, sales going trought the roof (+31%) and profits are growing even more rapidly.
I strongly believe Russell Breweries will be new (emerging) King of Craft Beer industry!
Sentiment: Strong Buy
Russell Breweries [RB]. It seems to turning around.
Sales up 31%, market cap still small = plenty of potential!
Earnings came out recently:
We are pleased with the continuing improvement of the Company over Q2of 2014 fiscal year, says Benjamin Li Yu, CEO. We have continued togo in the right direction in a highly competitive market. Our margins have improved and cost controls and other initiatives implemented have resulted in an improved bottom line. The Company is 450,108 EBITDA positive for the first half of fiscal 2014 compared to EBITDA positive of 230,131 for the first half of fiscal 2013. The Company also achieved earnings of 378,665 after adjusting for items notaffecting cash for the first half of fiscal 2014 compared to 202,835 for the comparable period of fiscal 2013, an improvement of 175,830.
Sentiment: Strong Buy
netprop, just give you update:
Russell Breweries earnings came out yesterday, solid report. Indeed!
Three Months Ended December 31, 2013 (“Q2 2014F”)
The Company had a net income of $91,883 for Q2 2014F compared to the net loss of $87,693 for the
period ended December 31, 2012 (“Q2 2013F”). The increase in net income is primarily due to an
increase in gross margin of $170,364, which is offset by an increase in selling, general and administrative
expenses of $50,164 and decrease in other expenses of $42,419.
Gross revenue for Q2 2014F were $2,537,387 up $552,841 or 28% compared to $1,984,546 for Q2
2013F. Net sales for Q2 2014F were $1,971,590 up $461,060 or 31% compared to $1,510,530 for Q2
2013F. The increase is mainly due to increased pricing and volumes from additional sales personnel
hired to service wider geographical area
Sentiment: Strong Buy