look for huge move now, computers run this game not retail short trolls on Yahoo boards...
you can still see that the clown posts in a shaded section with message blocked. you guys are clowns. stock will be up 100% any day, stay short clowns.
looking for each $5 stock = 3x-4x 2015E EPS, insanely cheap here.
my man the BDO audit is done they already announced the impact, Q is coming imminently, I am going to print this at 1.14 now another 1000. Watch Shocky will be long soon.
keep trash talking, doesn't matter to me, this is a gift to those who do their homework. I am up to 34400 long now probably average is about 1.30-1.35.
as I said, the Qs will be filed today or early next week. It's a done deal. Legal issues? Come on those are ambulance chaser law firms, D&O insurance pays them off and we move on. Is there some lawsuit other than those #$%$ firms I need to know about?
I would also like to refute the shorts, there was not a "mistatement" as in a lie, it was a "restatement" as in change to accounting principles for operating leases and historical cost versus capitalized assets at market value. We all know historical cost has nothing to do with market value, this all is nonsense to me, when Qs are filed with restatements expect Aegis analyst to upgrade to STRONG BUY and stock can make a major move up. Why someone would be short this is beyond me unless they truly believe this goes to 0, better shorts out there like GPRO TSLA etc. Not this one.
bought 2000 more 1.12, I spoke to the CFO yesterday, this whole thing is blown out of proportion, you have China rate cut, oil prices down, fleet expanding, seasonally strong period, sub 1x EPS with 30%+ YoY growth into 2015, comps at 8x TTM EPS, and a fish processing JV coming online in 2015 partially and 2016 for 200K metric tons of capacity, it's just stupid here. They can easily raise dividend to 2 cents / quarter and not even blink. Stock buyback a possibility as well. This is one of those stocks you see once in a while detached from its fundamentals.
it's just stupidity that people are shorting here, but hey look at this point it is either a STRONG SELL or a STRONG BUY I give you that, nothing in between. A $0 or a $10. I have picked my side with $10.5-$1.09 EPS going to $1.39 in 2015E and restated 10Qs about to be filed, China rate cut a bonus.
Roy said the Chairman is "conservative" and would rather hike the dividend here than do a stock buyback, and I recommended that they approve a $5MM-$10MM buyback and hike the dividend to 2-3 cents per Q minimum. 10Qs come tomorrow or next week on restatement then I look for Aegis analyst to update STRONG BUY.
will not be down here long, shocky clown and others enjoy your day in the sun this is a gift to smart money
I just got off the phone with Roy, expect 1Q 2Q restatements to be filed today tomorrow or Monday, then I predict Aegis will get STRONG BUY this thing at 1x EPS. No way their analyst doesn't gun this.
they own 35% of a JV to create the largest fish processing plant in Asia, 50K metric tons capacity online next year 200K metric tons in 2016, total cost RMB 1BN = $US 156MM. JV partner has 300,000 retail outlets for fish sales in China. Let's assume each pound = $1US in revenue x 400MM pounds = $US 400MM revenues = $US 140MM in sales to PME's portion of the JV which is wildly accretive, as margins will go up 1000 bp as well. This is a $20 stock in a couple years maybe more.
yes if short you must pay interest to borrow the stock and all dividends. also sub $5 need $5 margin most firms. ridiculous short here. stock is worth $8-$9 based on comps at 8x TTM EPS. Launch of processing JV next year could add $1 per share EPS in 2-3 years and expand multiple to 15x.
I am going to speak with the company, they should just tender for $10MM in stock here.
comps at 8x TTM EPS supports a $8-$9 stock price today, insane upside.