fake me needs to lighten up, the only ones calling anyone cockroach around here are the bagholding longs, who cares what they think.
Also, I think the word fake me was looking for was implode.
like clockwork, flank buys and the stock price goes down. German precision engineering at its finest.
Vanguard best investor, invested in great companies like Enron, Healthsouth, Worldcom, Local Corp. all best companies with best CEOs
what positive cash flow? How many times do you need to be told that the press release said positive casdh from operations, not positive cash flow. There is a huge difference between these concepts. Of course you're not smart enough to understand that, considering you think LOCM is a good investment.
Longs are looking good, only down 5% for the week with today's action.
but the broker who executes his trades and Heath are well compensated.
Each month in Q1/2013 LOCM lost on average 6%. Good news for longs, even losing 6% per month it will never get all the way to zero.
Here's the joke, LOCM's stock price
11/2012 2.57 27.52
12/2012 2.05 27.75
1/2013 1.78 37.84
2/2013 1.68 42.96
3/2013 1.70 54.67
sure thing flanky, anything you say. Amazing how every time you don't like a post it's typical of the criminal crime behind the street sweeper. You really need to get a new boogie man to blame for all your troubles.
still just as relevant today as when oldman wrote it 2 years ago. Imagine $3.53, what a pipe dream now.
Let's have some more fun with math flanky
50,600 x $2.50 = $126,500
75,600 x $1.62 = $122,472
Difference is -$4,028. You managed to lose 3% in your overall position in LOCM despite adding 25,000 shares, or 49%, from your position less than a year ago.
Does the phrase massive losses mean anything in Germany? How much are you down in total on this POS, couple hundred thousand I'm guessing.
From the year end earnings call
"As a result of cost cutting January improving margins, we expect to swing to adjusted net income in the first quarter followed by a return to positive cash flow in the second quarter of 2013."
They projected "positive cash flow" in Q2, but in the BS press release they say:
"the company reports positive cash provided by operating activities for the first quarter 2013"
Positive cash from operating activities is not even close to being the same as positive cash flow. I'm sure they let the accounts payable balances balloon up to artificially inflate their cash flow from operations. And where was the announcement that they had adjusted net income in Q1? Surely they know by the end of the quarter if this number is positive or negative (and if they don't, that's even worse than missing their forecasts)
Efficient market theory at work, LOCM is a POS and it's being valued like a POS.
Almost recovered half of yesterday's loss. Shorts should be shaking in their boots, scary to have that much wealth, having to pay all those taxes and figuring out what to do with whatever Obama lets you keep.
when will the price run up? Just want to schedule my vacation, haven't had one in years because this stock never runs up.
What's your average cost on this POS? About $3.90?
we all know what kind of gaps fake me likes to fill, it finally said something truthful though, it does blow it