Limbach Holdings Inc (LMB)

[creede]

I put it in my forget list.

[jtomm]

LMB keeps showing up on my new highs list. Hadn't followed it at all since it collapsed. But they have announced a buyback and insiders are buying shares. Sounds like their expansion of ODR business is coming along.

It's run awfully far awfully fast, but I think I'm gonna put it back on my watch list

[creede]

SPAC I think

[jtomm]

I remember they unexpectedly did an offering at $12, so those investors may yet make some money. Things crumbled after the offering.

Just trying to refresh my memory, was this originally a SPAC deal and that's why it had warrants? Or were the warrants just part of an ordinary financing? Do you remember?

Seems like SPAC deals can sometimes be good businesses, but tend to over-inflate their own story initially

[creede]

Yeah it does.

Still not above the Strike price so that feels better than if this was trading at $20 now or something!

[jtomm]

LMB posted decent earnings. Came across it in earnings releases. Haven't followed LMB in many months and my last post here was exactly a year ago! Man, how time flies

[StockLogistics]

2.67 gap May 2020, a 50% decrease from current price, that doesn’t bode well for this sector, therefore healthcare and energy

[StockLogistics]

In april, august and November the stock dropped in SP soon after meeting SMA moving averages of 50, 100 on the 6 month chart, and now just passed the 200 SMA

[StockLogistics]

Lmb defied the market today, at the 100 SMA resistance, can it continue ?

[StockLogistics]

Gaps at 6.18 and 2.65 if it goes any lower than this could go all the way to those gaps all imo

[value1008]

I agree, which is why i'm poking around again with LMB, considering a medium-term swing-trade. (I played this last Fall for several nice swing trades up from the $9 level.)

[StockLogistics]

This company is one of the best infrastructure plays on the market regardless of price level, the childish selling is over, people will focus on economics and making money and investing in quality companies

[JohnLocke101]

You already provided all of the information needed to support his claim.

Good Luck!

[value1008]

You give absolutely no evidence for your ridiculous statement, so it is worthless.

[ErnieBilco]

WOW when did this board gain CNN, MSNBC viewers to spout leftist BS ?

[ErnieBilco]

Biden IS what's wrong with America today.

[StockLogistics]

There are plenty of wealthy democrats selling as well, it’s actually just a party-less group at the top which has no true party affiliation, that doesn’t want to pay more taxes so they punish the companies designed to succeed from the bill, they publicly may claim to be this or that party but money talks with that group, and there is plenty in government left to reform for the better while Democrats are in charge, their chance to prove their ability to do so is likely now till next November.

[value1008]

You wrote, >selling infrastructure plays out of spite and hatred for Biden, whatever the political point being made it’s bad for all investors


I'll go on a mini-rant here in agreement with you. There truly is an irrational and unjust hatred of Biden in this country among factions of deranged folks who've been thoroughly hypnotized and deformed in their values and thinking by "the former guy" (DJT) and his hordes and of course the right-wing propaganda tools at Fox News/Noise, OAN, Newsmax, and any number of right-wing radio hotheads (several of whom died of Covid after spewing anti-vax rhetoric before finally on their deathbeds apologizing to listeners and telling them to get vaccinated).

They really are quite un-American / anti-American.

Here Biden and the Dems only want to
1) heal the nation's badly decrepit infrastructure,
2) bolster a healthy post-Covid economy (GOP "leaders" seem determined to stretch out the pandemic as long as possible with their anti-public-health corruption),
3) mitigate climate catastrophe,
4) try to reverse some of the economically, politically, and psychologically dangerous levels of obscene wealth disparity,
5) and give common folks a chance to still maintain some semblance of "middle class" living (by all objective measures, most Americans have fallen into near poverty, working poverty, or destitution over the past 40 years of failed Reaganomics).

And yet the Republicans have immorally declared an all-out civil war against Dems as "evil socialist scum." Even Social Democrat Bernie Sanders and "the squad" of AOC and her very progressive sisters and brothers in the House of Reps (let alone Joe Biden) have never ever suggested that the State take over and nationalize the Fortune 500 companies. Or anything close to that.

So Republicans have no idea what they're talking about when they spew rhetoric about "socialism." If anything, they should look at themselves and see the many decades of heavily govt-subsidized CORPORATE WELFARE that they've promoted and maintained. Who are the real "socialists" here?

Democrats like Biden are only trying to minimally regulate the bad, polluting, plundering corporations and keep them from mistreating our water, air, soil, and other irreplaceable resources for present and future generations. And pay a living wage to their workers.

And of course the GOP, whose elite members worship not God but rather their supreme idols-- the almighty dollar, corporate profits and political power (through gerrymandering and suppressing voters who disagree with them)-- this unholy, immoral GOP detests any such attempts to regulate corporations or super-rich tax cheats.

No wonder that longtime high-ranking Republicans Steve Schmidt, George Will, and many others have left the GOP, calling it the party of evil.

Rant over. Thanks for listening.

[StockLogistics]

Great earnings and a trillion dollars invested in infrastructure and building things…. Contrarian whales think that is a sell somehow, this market is distorted and backwards. This perception is what the big investors created yesterday buying up bad earnings and selling infrastructure plays out of spite and hatred for Biden, whatever the political point being made it’s bad for all investors. All imo.

[StockLogistics]

Infrastructure play here imo

[creede]

I took them off my watchlist.

Lol

[hweb2]

Well Q3 was a heck of a lot better than Q1 & Q2...when they had a loss and earnings of .07/share respectively. Big question is are the good Q3 results sustainable? I have my doubts considering the prior three quarters of poor results. There was also at least one 1-time gain in the Q3 numbers, a $1.2M write-up that goosed gross margins.

[ErnieBilco]

They are down 21.2% Year over year - Beating estimates doesn't justify such a jump when the overall numbers are down.

[jtomm]

And NOW, they finally post a reasonable quarter. Still can't figure out what happened to this one, but keeping an eye on it

[ErnieBilco]

With today's fluffie it appears Chuck has become a full on penny pusher.

[ErnieBilco]

Looks like LMB is gonna hit new 52 week low soon as they prepare to dump shares into the market.

[creede]

I noticed they have scheduled their conference call to announce earnings on Friday the 13th.

How appropriate.

Limbach Holdings to Announce Second Quarter 2021 Results

August 03 2021 - 02:04PM

Company to hold conference call on Friday, August 13, 2021 at 9:00 a.m. EDT

https://ih.advfn.com/stock-market/NASDAQ/limbach-LMB/stock-news/85743603/limbach-holdings-to-announce-second-quarter-2021-r

[creede]

I agree.

Trying to decide if I should dump or not.

Is this because the commons are running?

Or because people have shorted the warrants and need to cover. I read someplace it is possible to short warrants. Just tried it cannot because I am currently long. So who knows?

this really sucks

boy did I screw this up

[jtomm]

Regarding shorting the warrants, I don't know if/how it can be done. But seems very odd that today, which is supposedly expiration day, there's the largest volume we've seen in awhile. I totally understand why people would want to SELL and at least recover something today, but why on earth would anyone be buying? Who are the buyers? Covering a short is about the only thing that makes sense.

[creede]

It wasn't there this morning. Best BID at open was .001

**eyes hidden in shame**

[creede]

lol - true dat.

[jtomm]

The one other possibility I could think of is someone had a GTC stink bid in from a long time ago and has just forgotten about it, and about the expiration terms. I've done that myself a couple times. Just renew my orders and forget something is close to expiration. Never got executed thankfully

[jtomm]

Yeah, doesn't make much sense to me. I suppose it could be someone who knows/thinks that there's a PR gonna be issued on Monday and they get a one-day pop up to .01, but that seems like it would be quite a gamble. If on Monday the company says they're extending the warrants, and that bidder gets filled today, somebody might be going to jail

[creede]

One a positive note. Just three more trading days before I retire from my job as the moderator of this thread.

Bye-Bye Limbach.

Hello some-other-more-interesting-company!

[creede]

L2 does look quite odd.

Offer for 1,000,000 shares at .0025

Probably someone who doesn't realize they are about to expire?

Say, can you short warrants?

If so, what happens once they expire if you have not covered?

[creede]

“I don't understand what happened.”

Me either.

I was hoping they would extend the warrants another 12 months.

Guess not.

I took a shot and stuck with what I believed would happen.

Just didn’t play out.

I can live with that (even if it does suck hugely).

[jtomm]

I say now would be a perfect time for them to announce like a $6 billion contract or something. :)

Yeah, it's always tough to know when to liquidate or take profits on some or all. Fwiw, I always think it's best to judge the decision not on the outcome (that's easy becuz now you know the answer), but to go back and look at what information I had at the time and see if I can find any flaws in my logic or reasoning. If the logic and reasoning were reasonable, then one just has to accept that things don't always work out.

They raised money at $12, seemed very upbeat about the future, many things seemed in the works, the stock could just as easily be sitting at $25 per share right now and you'd be patting yourself on the back for sticking with it. It's not like there were any huge, tell-tale signs.

And I'm pretty objective on this one because I have no position so no rooting interest. I owned it from around 7 and sold at around 10 on the way up and then it got away from me. But I was looking to re-enter and the story seemed very good until the lackluster earnings came in . . . and the lowered optimism. And then it just didn't make sense. I don't understand what happened.

[creede]

Looks like the deadline to convert the warrants is the 20th.

Maybe they will trade for a few more days.

I have a really bad taste in my mouth at the moment with LMB. I mostly blame myself for not selling at least 1/2 of them above $1. Totally my fault.

The thing that gets me is the total lack of news or 8k's.

$600 MILLION in revenues and nothing significant ever happens at the company other than a filing?

Meh

[jtomm]

Yeah, I've been surprised that there hasn't been at least a little more good news. Tough to tell if it's just delayed or they were just overly promotional. I mean, they raised money at $12 per share. Those investors probably not terribly happy

[creede]

I don't. I sold them all a few weeks ago.

Made $7k on the commons.

Makes things feel a little better.

[ErnieBilco]

You still hold commons don't you?

It's really a shame at how all the good news just evaporated as the whole country started reopening.

[creede]

Yep.

I passed up over $50k

I suspect this board will looking for a new moderator come the 16th.

[ErnieBilco]

I don't know but what I do know is I'm not gonna leave that kind of gains on the table any more. Over $10K lost looking for $15K - AIN'T GONNA HAPPEN AGAIN.

[creede]

Looks like it's game over on these warrants.

EXP is on the 15th. Any idea if that is the end of today's session or tomorrow?

[creede]

Yep.

I should have taken dollars

Of course, I had no way to know management was gonna do that huge placement and tank our momentum.

I guess it is what it is.

[ErnieBilco]

So sad how the lil ones wound up after flying sooo high.

Greed can be costly sometimes.

My wife just tells me I'm stupid, on this one I actually have to agree with her.

We'll make it up on the next one.....whatever it may be.

[creede]

Insiders buying some commons. Too little too late for these warrants?

.04 is getting tempting.

[ErnieBilco]

I'm only in 6th place in the pinnacle stock challenge, I got a shot at the win if AMC continues to crash.

Wish I would have actually bought the 1st ticker I picked but I get so dang busy at work I miss some good ones.

[creede]

Yeah but I know you know your stuff.

Not looking good.

[creede]

Thanks tomm