Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Gotcha. Think the term you're looking for is price to book. I do like the hefty cash position on the LMB balance sheet. Should provide some downside protection.
Unfortunately I don't know how much upside potential there is short-term. They eked out a small profit in Q4, which was expected based on prior guidance/filings. From the CC, sounds like more of the same in Q1. They said Q1 is seasonally their slowest quarter and this year would be no different. They also talked about how much of their backlog was for the 2nd half of the year. I'm reading this as Q1 will be weak. Q2 should be better, but likely down from great Q2 earnings last year. Then they should have a strong second half. Won't see that Q3 report til November, so a long wait. Another tough comp in Q3 as well.
That's why I don't know if there's a catalyst short-term. Hopefully they'll announce some contract awards in the coming months. That kind of news would cause the stock to pop imo.
I didn't think PE was the correct term - so be it -
Equity per share
Uh P/E is price to earnings. LMB just reported earnings of .72/share for 2020.
The net equity is $5.43 per share before any PE ratio and forward leaning earnings. Even if you are stingy with a PE of 3 that gets a fair value of $16.29 but 3 is about half of what the PE should be. A PE of 6 gets a fair value of $32.58 so a PT of $20 - $25 is reasonable.
The warrants are banking on Q1 coming out by mid June if not late May. I think we will see Q1 reported earlier rather than later if Creede is right about revenues revving up in Q1.
Just usin my Jetro Bodine cipherizing learnin so all is JMO
Imo plenty of time left on the clock.
I’m sure Limbach passed on lots of projects that would yield high revenue but low margins. They are not going to make that mistake again.
Like Ernie said, they are making moves which should bode very well for the commons long term.
Institutional investors care more about long term.
This is counter-intuitive but I think their discipline will be rewarded by the time guidance is issued for Q2.
Never know when a surprise 8k could appear as well.
I feel good to hold and see.
I haven’t been following the warrants.
When do they expire? Hope investors notice LMB soon.
I also own a bunch of warrants but they expire soon.........what are you thinking will happen?
Nice turnover. Those are going to be profitable dips.. for some.
Good Luck!
Irrational overreaction. I’m adding.
Good Luck!
Gotcha.
I guess I am just happy they beat on earnings and revenues.
Imo Q1 is the one to watch. If they crush it then the commons will surge and warrants will follow in short order.
Q1 should be out well before they expire.
Looking forward to hearing what they saw about guidance.
Think it's tomorrow morning.
I don't like it, they basically fell down face first in Q4.
According to my math they made 1/3 of what they made in Q2 & Q3 - to me that is a horrible performance. I'm not worried about the future of the commons, they will eventually rise as states open up, its the warrants I concerned about the clock is ticking and this was the last chance to turn out a blockbuster report and it didn't happen.
JMO
What cha think?
From seekingalpha
Limbach EPS beats by $0.06, beats on revenue
Limbach (NASDAQ:LMB): Q4 GAAP EPS of $0.05 beats by $0.06.
Revenue of $130.4M (-6.1% Y/Y) beats by $4.2M.
Total backlog at December 31, 2020 was $444.4 million as compared to $561.2 million as of December 31, 2019.
At December 31, 2020, Construction segment backlog accounted for $393.5 million of the consolidated total.
Service segment backlog accounted for $50.9 million of the consolidated total.
Not much longer til we know.
Either gonna be reallllll happy or mega upset.
I'm lookin for Hap hap happy.
Stock market feels like a huge game of Jenga now.
The economy is recovering from a forced shutdown. Is that impressive or simply expected?
Then you have FREE MONEY (AS IF!) literally falling from the sky into our bank accounts.
This whole financial situation is Twilight Zone.
Leaves me thinking....
How much higher can it go before it topples?
So goes GME, so goes IWM? So much for watching the 10yr.. IWM broadly needs to watch GME. *sarcasm*
Broken market.
Added a few more myself. Boy lots of microcaps got hit today
Well I was gonna wait but I buy panic so picked through the rubble and added some, pre-earnings.
Thanks. I may increase my position depending on the 2022 guidance (of which I anticipate being positive). LMB is still dealing with the debt for another year (last payment April 2022) and that’ll cloud earnings. Earnings have not been a source of positive news for this company in years past with all of their write-downs due to the Mid Atlantic, which is no longer an issue (old news). The service side of their revs are higher margin even while only accounting for (roughly) 20%.. but management has/had been hoping to move the needle to a 70/30 ratio (construction/services) so I’ll be interested in how they did and how they guide.
Good Luck!
Welcome to the party!
Big earnings report (and 2021 guidance) coming in 2 days.
Go LMB
Good luck to those of us holding into earnings. Q4 should only be a small profit based on prior guidance. But I think the outlook for 2021 will be very strong.
Thank you. Not sure how I read that wrong but it happens. Appreciate the correction.
Actually the numbers will be out Thursday after the close. CC will be Friday morning before the open.
Earnings before market open on Friday. (Q4 and full year)
True. So much today is momentum driven.
Hard to argue against the value here though. 11.80 looked good to me so I happily took some.
Good Luck!
For a time.
The SEC has also opened up its OTC "Shock & Awe" campaign over the last few weeks.
Delinquent Pink Sheet stocks are trading on borrowed time. It's judgment day.
Lots of money running for cover.
This is going to leave far fewer stocks to pick from in the OTCM as well.
The cream should rise to the top in the end.
In theory.
Agreed it would be nice for people to look at fundamentals again. Real companies like LMB would do well. But as we've seen lately, when the absurdly overvalued junk stocks get hit hard...they seem to take down the quality, profitable microcaps along with them.
Fantastic.
Seems to me over the last year people have been buying every stock in sight.
I believe a big pullback is coming after we burn through this next round of stimulus checks.
The party is over once you get the huge credit card bill (has anyone noticed the national debt lately?)
After the smoke clears I expect money to flow back into stocks with the best fundamentals (as it should be).
Hoping LMB is one of those stocks.
Sounds pretty good to me.
I thought that was great news yesterday. Lake Street covers a lot of microcap stocks. A buy rating on LMB now with a $19 price target. If the broader markets hadn't been so volatile, I feel like that news would have bumped LMB up to the $12's
Ever heard of Lake Street?
Limbach Holding initiated with a Buy at Lake Street
TheFlyontheWall.com - Mar 05 08:49 EDT
Lake Street analyst Rob Brown initiated coverage of Limbach Holding with a Buy rating and $19 price target. He believes investors under-appreciate Limbach's recent improvement to its capital structure and the potential from a mix shift toward higher-margin, higher-growth services as the final stages of the company's turnaround effort should result in an earnings inflection, Brown said.
LMB
We have some very important numbers coming out over the next few months.
Need the commons to soar before those warrants expire!
Limbach Holdings to Announce Fourth Quarter and Full Year 2020 Results
Press Release | 03/01/2021
Limbach Holdings, Inc. (NASDAQ: LMB) (“Limbach”) today announced the Company will be releasing its fourth quarter and full year 2020 financial results after the close of the stock market on Thursday, March 25, 2021. The Company will also be hosting a conference call for investors and analysts on Friday, March 26, 2021 at 9:00 a.m. EDT. Chief Executive Officer Charlie Bacon and Chief Financial Officer Jayme Brooks will host the call.
Conference Call Details
Date:
Friday, March 26, 2021
Time:
9:00 a.m. EDT
Participant Dial-In Numbers:
Domestic callers:
866-604-1698
International Callers:
201-389-0844
LMB News
Limbach Holdings Closes on New Credit Facilities
I saw this post by SuperDrive on the Savvy Trades Board. I defer to his opinion and took the liberty to re-post it here.
Hopefully he doesn't mind.
You know...
I have been hearing a lot in the news regarding teachers demanding that older buildings get retrofitted with better circulation systems before they will return to work.
I wonder if LMB is actually having a windfall of work right now and the placement was needed for expansion.
Hoping we seen an outpouring of great news and numbers over the next few months.
Hey hweb2,
Not real sure what to make of it.
Just falling back on trusting management.
I figure they must have a good reason for doing this.
What do you guys make of the CEO's explanation in the PR after the close. Seems reasonable enough, although still a little vague.
Limbach Chief Executive Officer Charlie Bacon commented, "We expect the funds raised through this offering to support several key initiatives in 2021, including investments to accelerate our owner-direct and digital transformation, and to provide available growth capital. Through the first nine months of 2020, we made solid progress repositioning our balance sheet to support the company’s current capital needs. The funds raised in this offering add to our ability to undertake a number of initiatives to drive future growth and profitability. We’re excited to capitalize on Limbach’s continuing momentum to take advantage of the many opportunities in the marketplace, and to further cement our position as a leading provider of technical solutions for the building environment."
https://finance.yahoo.com/news/limbach-holdings-closes-public-offering-211500617.html
Don’t blame you there!
I hope my read on them is right, and it will be all good news from here.
I'm just in a rush to hit half a mil $
I've always been patient so I should just ride along on your conviction after all I'm still pretty greenie.
I separate greed from conviction.
I believe LMB will pass $20 before they expire.
Therefore I cannot sell them unless I get a fair value according.
Q1 could not be more important now.
Those warrants are gonna leave a bruise for sure.
I should have kicked them out last week but greed sliced me in half.
Just gonna keep an eye out for the adding area.
Yep.
I'm not surprised. The commons and warrants are going to be weak for a while — which means the time to sell has passed.
I don't expect filings or news for several weeks. Might be a while before the bull returns.
So far so good.
LMB @ $13.46
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
525
|
Created
|
08/19/20
|
Type
|
Free
|
Moderators |
The Equity Group Inc.
Jeremy Hellman, CFA
Vice President
T: 212-836-9626
jhellman@equityny.com
LMBHW
Exp: 07/15/2021
Strike: $11.50
Conversion: 2 for 1
(Click Image for 2020 Annual Report)
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |