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lets see after financials supposedly out tomorrow
https://seekingalpha.com/article/4186449-black-box-ceo-joel-trammell-making-bold-promotional-statements-interviews
I saw that. I want to pull the trigger here, but I really want an official PR on the supposed FB deal. I'm optimistic.
AGREES BUT WE WILL ALL MAKE MONEY NEVERTHELESS. WHICH SIDE YOU DECIDE TO PICK IS YOUR CHOICE FOLKS. BULLS OR BEARS?BBOX
Pretty awesome news guys and gals. Im in at 1.90 check it out!
https://seekingalpha.com/article/4186449-black-box-ceo-joel-trammell-making-bold-promotional-statements-interviews
Black Box: CEO Joel Trammell Is Making Bold, Promotional Statements In Interviews
https://seekingalpha.com/article/4186449-black-box-ceo-joel-trammell-making-bold-promotional-statements-interviews
When 8-K hits about the mega contract, BBOX goes up HUGE!!!!!
SEC FILING > BOOOOM!
60k share buy at $2 just a few minutes ago. Something must be up. Hopefully news after hours or just shorts covering. Will see. $BBOX
I have my finger on the buy trigger but this needs to find bottom first. Needs a solid declaration of the details of this deal, too.
Because the street made me this way and you were foolish enough to take me in ;)
Here is my Empty-headed DD:
BBOX will retrace back below $1.00 in the near term future.
Never say I didn't give you a tip ;)
Agree articles suggest a major move upward, this news and volume looks like the catalyst.
Thanks for replying, I check your picks quite often that's why I brought it up.
7, 8, BAGGER Wouldn't surprise me https://www.bnnbloomberg.ca/video/benj-gallander-s-top-picks~1423230
Nice thx for posting glta
nice find CEO Interview thanks for posting= https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142082937
"but we do have multiple bidders and I would be shocked, of course, if the deal did not close on schedule"
https://www.crn.com/news/channel-programs/300106196/black-box-ceo-there-are-multiple-bidders-for-federal-services-business.htm
Took a short position too. Let’s see how premarket goes
My post was on Friday about 200 posts ago. I was out Friday at $2.15 and made nice $$$. Congrats to those who made more green today but it does not always go that way. BTW all of my posts here were on Friday only!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142032572 .
It was CEI and I was in and out f that one many times up to $1.50 then just small flips a few times since. That stock is trash but it was a good trade.
* * $BBOX Video Chart 07-09-18 * *
Link to Video - click here to watch the technical chart video
I took a nice short position.
Looks like 1 cent is coming fast
I meant anyone who bought at 1 sold at 2.50.
What are you talking about? Where do you see this info? Looks like nothing since April
https://www.nasdaq.com/symbol/bbox/insider-trades?sortname=lastdate&sorttype=1
What are you talking about? Where do you see this info? Looks like nothing since April
https://www.nasdaq.com/symbol/bbox/insider-trades?sortname=lastdate&sorttype=1
Those same insiders all cashed in at 9:30 AM
This morning. Easy trade, only a one or two day carry to double their money. Only time will tell if they are planning on piling back in, due to us holding at 2, that may be a good sign.
Classic, allowing insiders to load last week
But who knows what's to come, this could have been a last harah, for the company boys to make a last buck off their company before she goes under for good.
As far as new CEO's go, they often come in to mop up. But blackbox has stood the test of time, they may have something up their sleeve yet. Still, I'm not confident, I'm a really, really bad picker, so bad I only fund my personal trading account with $1000 every year because I know they'll lol, talk me out of it somehow, so good luck to all.
Low of day 2.06 GAP is filling bottom out enter point near
In at 2.20 this morning. Was hoping for more but not surprised. It seems to be right on the same track as the last ~6 mos or so. The big dip in the day(s) before the return seem odd...
But nothing to lose here really for getting in on the average or lower.
Looking forward to seeing where it goes from here.
the market needs the name of the social media giant, assumed facebook, who else .. need the name for this to run dollars.
Just getting lower on lower volume....what a disapointment
This is just the beginning for the move back north.It is quite obvious with the DD provided the drop in price was a knee jerk reaction to the 8K.
I like how you guy strike random numbers:)
Some backround on the CEO, he is a turn around specialist.
https://www.bnnbloomberg.ca/benj-gallander-s-top-picks-may-22-2018-1.1080997 This was before the news with Facebook was even announced.
No problem. GLTY
fill your head up with some DD, and read
your answer is only a click away
Emptyhead??
thats up to you
Thanks Great Find there! BBOX
Sure does. Grabbed me a starter on this lunch time dip just in case.
Nice find. Looks good at these prices, it's a steal in my opinion.
Black Box CEO: There Are 'Multiple Bidders' For Federal Services Business
https://www.crn.com/news/channel-programs/300106196/black-box-ceo-there-are-multiple-bidders-for-federal-services-business.htm
byO'Ryan Johnson on July 9, 2018, 10:42 am EDT
Black Box CEO Joel Trammell told CRN that the company's 8-K filing last week with the U.S. Securities and Exchange Commission overemphasized the risks it faces if it doesn't find a buyer for its federal services business.
“Lawyers like gloom and doom,” he said. “Short of the zombie apocalypse, I think we covered everything that was possible to happen. Obviously, you don’t have a buyer until the deal closes, but we do have multiple bidders, and I would be shocked, of course, if the deal did not close on schedule.”
Black Box also last week secured a $10 million deal with a “social media giant” to build out a sprawling data center in Ohio – a deal with the potential to generate $300 million
In the 8-K filing, Black Box said it must sell off the unit to pay down $155 million in debt, an amount that has remained steady and not increased, Trammell said. With more than one buyer lined up, he said he expects to have a deal soon.
“We are well down the path of that process,” Trammell said. “We anticipate closing on that transaction by the end of August. We’ve got multiple parties who are in the process, and so we do not yet have a signed deal. We should have a signed deal by the end of the month.”
When Black Box released the 8-K last Monday, which predicted the company would run out of money by the end of the year and that if a sale were to fall through it may need to consider bankruptcy, stock prices fell below $1, its lowest level in at least a year. On July 17, 2017, Black Box shares closed at $8.20 and on Friday closed at $2.03.
Trammell said the SEC filing failed to account for the actions the Lawrence, Pa.-based solution provider taking to confront the obstacles it is facing.
“What that was saying is if we did nothing [there was that potential action],” he said. “If we don’t sell the federal business. If we’re not able to restructure the debt then, obviously, if the banks want their money back they can put us in default at that point, and could effectively lead to some sort of bankruptcy. Obviously, we’re going to take actions. We’re going to sell the federal business, were going to restructure the debt. If the banks want to drive us into bankruptcy, if they thought that was the appropriate thing, they could have done that previously. That’s clearly in no one's interest.”
He said the company has made no steps in that direction and remains committed to a profitable future.
“Bankruptcy probably takes four to six weeks to prepare,” he said. “We’ve spent no effort. We’ve spent zero dollars. We’re not thinking about bankruptcy. So, yes, that is the worst case. We can’t be absolutely certain we're going to close the federal deal. We can’t be absolutely certain we're going to restructure the debt. But those are highly likely events.”
Not only will Black Box remain in business, Trammell said, he expects it to grow over the next two years.
“I’m very confident when I tell you that each of our businesses -- the federal services, commercial services business and the products business -- will grow over the next two-year period,” he said. “They’ll be bigger two years from now than they are today. We did have a decrease in revenue in the commercial services business. We’ve stopped that fall. All the signs I see is that we’re going to continue to grow all three of our businesses over the next couple years.”
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PITTSBURGH, July 06, 2018 (GLOBE NEWSWIRE) -- Black Box, the trusted digital partner for enterprises across the globe, today announced that it is partnering with one of the world's most renowned and prominent social media organizations on its global data center expansion program. The potential data center work could total $300 million or more for Black Box—making it the largest customer and deal in the company's history.
PITTSBURGH, July 06, 2018 (GLOBE NEWSWIRE) -- Black Box, the trusted digital partner for enterprises across the globe, today announced that it is partnering with one of the world's most renowned and prominent social media organizations on its global data center expansion program. The potential data center work could total $300 million or more for Black Box—making it the largest customer and deal in the company's history.
Black Box's Commercial Services business unit was awarded this U.S.-based data center infrastructure and connectivity project following several years of successful data center work in Europe for the most well-known social media company in the world.
This will be one of the largest projects ever for Black Box and promises to be only the tip of the iceberg. This first award for the almost million square foot data center is worth more than $10 million and marks the beginning of a five to ten year strategic relationship with the social media giant, which is planning a very aggressive global data center expansion program. Conversations are already underway between Black Box and the social media company to add additional site locations and data centers. The potential work could total $300 million or more for Black Box.
In the data center, Black Box is responsible for the rack and stack of network equipment, installation of the infrastructure hardware, and all of the structured cabling, which includes more than 100 miles of fiber optic cabling. Black Box will deploy a dedicated project team ramping up to seventy plus team members for the first project and could see that number grow to over five hundred team members as the program reaches its potential.
In this highly competitive environment, Black Box won the data center project by separating itself through its holistic governance plan and approach, with an emphasis on efficiency and scalability. The approach enables both parties to flex up and down to meet the demands of the data center growth plans.
"This strategic partnership has the potential to be one of the largest in Black Box history," said Joel Trammell, Black Box President and CEO. "The ability to deploy sophisticated data center solutions leverages our intelligent digital edge strategy. Our global scale, repeatable and predictable governance framework, deep technical expertise, and core values alignment differentiated us from our competition and were instrumental in our selection. We look forward to a successful project delivery for this first U.S. data center, and are excited to continue and expand our journey together with our partner."
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The company today says it's been awarded a $10M-plus data center project for "the most well-known social media company in the world," with potential data center work that it says could total $300M or more -- the largest customer and deal in company history.
The deal marks a five- to 10-year relationship between the two, Black Box says.
-----------------------------
"This strategic partnership has the potential to be one of the largest in Black Box history," Joel Trammell, Black Box president and CEO, said in a statement. "The ability to deploy sophisticated data center solutions leverages our intelligent digital edge strategy. Our global scale, repeatable and predictable governance framework, deep technical expertise, and core values alignment differentiated us from our competition and were instrumental in our selection. We look forward to a successful project delivery for this first U.S. data center, and are excited to continue and expand our journey together with our partner."
---------------------------
Washington County-based Black Box Corp. said it has been awarded a $10 million contract from a social media organization for digital infrastructure work, including more than 100 miles of fiber optic cabling within an Ohio data center that is almost a million square feet in size.
The company, which describes the contract as “only the tip of the iceberg,” has made regulatory filings in recent weeks noting that its future is uncertain.
The new agreement — which the company said in its official announcement was reached with the “most well-known social media company in the world” — marks the start of a five- to 10-year relationship that could ultimately be worth $300 million to Black Box. That would be the biggest deal ever for the struggling Lawrence-based company as the social media company carries out a “very aggressive global data center expansion program.”
Black Box President and CEO Joel Trammell said in an interview Friday he was not permitted to identify the company or the city where the data center is located. The work would begin “pretty much immediately,” he said. “We’re ramping up.
------------------------
*************ALL OF THE REPORTS, INCLUDING THE PRESS RELEASE, COULD NOT STATE THE MEGA GIANT SOCIAL MEDIA PARTNER*******
BUT WITH A LITTLE DD, IS WAS EASY TO SEE IT IS FACEBOOK
******HERES WHY******
The contract award followed several years of data center work for the same company in Sweden, Mr. Trammell said in the interview.
Washington County-based Black Box Corp. said it has been awarded a $10 million contract from a social media organization for digital infrastructure work,
including more than 100 miles of fiber optic cabling within an Ohio data center that is almost a million square feet in size.
Facebook's new $750 million data center in Ohio
https://money.cnn.com/2017/08/15/technology/facebook-ohio-data-center/index.html
https://www.bizjournals.com/columbus/news/2017/08/15/facebook-to-build-central-ohio-s-largest-data.html
Facebook Data Center Investment in Sweden Nears US$1B
http://www.datacenterknowledge.com/facebook/facebook-data-center-investment-sweden-nears-us1b
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