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285,706 shares on the buy Friday......
the ball is rolling......finally
Looks good in mine too,even though they take out foreign taxes.Thanks MNDO.
No stocks trade ex-dividend before the dividend date. MNDO dropped by .27/share yesterday due to the dividend. People buying today do not get the dividend. But they're able to get the stock .27/share cheaper. The people who were holding into yesterday's drop will get paid .27/share on 3/24/16. Make sense?
"Taking into consideration our dividend policy and the remaining cash after the distribution, our Board declared on February 24, 2016 a gross dividend of $0.27 per share. The record date for the dividend will be March 10, 2016 and the payment date will be March 24, 2016. "
So we have today and tomorrow to get into the dividend?
at $2.17 per share your looking at 12.44% dividend rate!!
perhaps I was confused on which day that drop would occur. Was thinking March 10th was the date....
Btw the 4th quarter sales were too short...looking for a nice follow thru into 1st qtr.
longmike, you have been posting and posting and posting supporting this stock over and over again, and you were not aware that the stock AUTOMAICALLY drops by the dividend amount on the ex div date?
Please go read a book on investing, and learn something before continuing to spam this board with drivel. Seriously, this is basic knowledge.
Ex dividend today. So it dropped .27 today just from that.
MNDO is cheap with that strong balance sheet and got to love the dividend. But not sure Q1 will be good? Revenues will likely continue to show year-over-year declines. And the strong dollar might be less of a help on the bottom line in 2016. Didn't like the sound of this in the Q4 earnings PR:
"While the markets appear to be very active, necessitating extensive pre-sales effort, showing continuous demand for our products and services, many processes are extended or constantly delayed. As previously mentioned, consolidation in the telecom markets was not favorable to us in 2015 and we closed only one new deal."
MNDO Outlook
"The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. "
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=MNDO
1st Qtr fins will determine 2016 path. All that was said in annual report supports a good first qtr. Monies from 4th qtr receivables will filter in...
4th qtr fell short due to longer collection times, business tends to hold back in last few months of the year to show more profits then spend 1st qtr....
"Monica Iancu, CEO, commented: “We are pleased as always with the follow-on orders that reconfirm our customer satisfaction. While the markets appear to be very active, necessitating extensive pre-sales effort, showing continuous demand for our products and services, many processes are extended or constantly delayed."
MNDO will ramp up for the payout dividend....
look at past charts....March is upon us
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=mndo&insttype=&freq=2&show=&time=10
MNDO not a short play!!!
2 reasons:
If you hold shares of a stock on the ex div date, you get a dividend. But if instead I were to short-sell the stock and not buy it back before that date, you would then be responsible for paying the dividend to the person of whom you borrowed shares from!!!!
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=MNDO
American bulls says stay long!!!
I have been with it for awhile and I think this is bottom. Buy here collect your 11% dividend and watch it grow for the next 3 qtrs. Lots coming up the road.
The strong dollar is lowering their operating expenses. Has happened the last few quarters. Wonder how long it continues to help the bottom line?
that's ok by me, look at the percentages vs last year...less revenue but due to cost cutting they ended up with more profits in cash.
Net income of $5 million, or $0.26 per share, compared to $5.5 million or $0.29 per share in 2014.
· Cash flow from operating activities was $6.3 million, compared to $3.8 million in 2014.
· Cash position of approximately $19.6 million as of December 31, 2015.
Wall street needs more of these CEO's who think about the end result instead of take take take and leave stockholders with empty bag.
Nice dividend as expected. But the sharp drop in Q4 revenues a bit scary. That will likely keep a lid on the stock price imo.
Nice...Cant complain...small drop...big return
we got 27 cents per share, not bad at this level 10.8 percent
payout on your investment!
NEWS OUT: 27 cent per share divi
Taking into consideration our dividend policy and the remaining cash after the distribution, our Board declared on February 24, 2016 a gross dividend of $0.27 per share. The record date for the dividend will be March 10, 2016 and the payment date will be March 24, 2016. Tax will be withheld at a rate of about 24%.
Definitely...Announcement by Fri PM at the latest
I think last year was on the 26th
they should announce 2/24...we are golden here
buy buy buy
STAY LONG!!
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=MNDO
ANY day now...any day
Dividend should be announced within the next 12 days....
I'm looking for 29 cents per share!!!
buy em up
Pretty crazy...wasn't expecting the drop today...
The dividend rate is pretty amazing though...
I have to trade out of other positions in order to buy more down here....when and if...
GLTA
RICO
2015...we are 21 cents per share right now. looking for another 8 cents 4th qtr 2015. That would be equal to 2014 Profits of .29 cents.
http://seekingalpha.com/symbol/MNDO/news
but the price being so low will net a dividend of 12.5 percent!!
Financial Highlights of Q4 2014
· Revenues of close to $6.5 million, same as the third quarter of 2014, and up 28% from $5.1 million in the fourth quarter of 2013.
· Operating income was $2.5 million, up 15% sequentially from the third quarter of 2014 and compared to $1.0 million in the fourth quarter of 2013.
· Net income of $1.9 million or $0.10 per share, compared to $1.0 million or $0.05 per share in the fourth quarter of 2013.
· One modest win and multiple upgrades.
As of December 31, 2014 we had 352 employees, the same as of December 31, 2013.
Year 2014 Financial Highlights
· Revenues of $25 million, up 35% from $18.5 million in 2013.
· Operating income was $7.5 million, or 29.8% of revenue, compared to $2.2 million, or 11.7% of revenue, in 2013.
· Net income of $5.5 million, or $0.29 per share, compared to $2.2 million or $0.12 per share in 2013.
· Cash flow from operating activities was $3.8 million, compared to $5.2 million in 2013.
· Cash position of approximately $19.3 million as of December 31, 2014.
Monica Iancu, CEO, commented: “We are pleased that in 2014 we succeeded to translate the large deals we signed in 2013 into revenues through successful execution of the implementation of our projects milestones. While in 2014 we reached exceptional revenues and operating margins, some new deals that we expected to close in 2014 were delayed, thus our booking is lower than a year ago.”
Revenue Distribution for Q4 2014
Revenues in the Americas represented 54.5% of total revenues, revenues in Europe represented 34.2% and revenues in Israel represented 6.6% of total revenues.
Revenues from our customer care and billing software totaled $5.5 million, or 85% of total revenues, while revenues from our enterprise call accounting software were $1.0 million, or 15% of total revenues.
Revenues from licenses were $1.2 million, or 18% of total revenues, while revenues from maintenance and additional services were $5.3 million, or 82% of total revenues.
Revenue Distribution for Full Year 2014
Revenues in the Americas represented 57.6%, revenues in Europe represented 28.6% and revenues in Israel represented 9.0% of total revenue.
yes...great!!!!
I believe they will declare a 29 cent dividend...even though the sales are down. The profit is great after cost cutting and a strong dollar.
Cant believe I got shares for 2.35 today...
No brainer here.....I may have to try to put in a bid for more at that price tomorrow....Who knows, maybe it will fill....
GLTA
RICO
short selling and dividend payouts:
When you short a stock, you are borrowing the stock from an investor or broker, then selling those shares on the open market to a second investor. Even though you borrowed and sold the shares to another investor, the transaction between you and the lender is still listed on the books as if the lender is still long on the stock and you are short on the stock (even though that person no longer owns the stock).
Because that original investor who was kind enough to lend you the stock is no longer an actual shareholder with the company, the short seller is required to make up for any benefits the investor would have received had he or she actually still owned the stock.
In other words, if a company pays a dividend to shareholders, the second investor who bought the shares from the short seller would get the dividend check from the company. But because the original investor is no longer a shareholder of record (because the second investor owns those shares now), then the short seller must pay the dividend out of his or her own pocket.
GET THE HINT FOLKS!!!!!
Year 2014 Financial Highlights
•Revenues of $25 million, up 35% from $18.5 million in 2013.
•Operating income was $7.5 million, or 29.8% of revenue, compared to $2.2 million, or 11.7% of revenue, in 2013.
:Net income of $5.5 million, or $0.29 per share, compared to $2.2 million or $0.12 per share in 2013.
•Cash flow from operating activities was $3.8 million, compared to $5.2 million in 2013.
•Cash position of approximately $19.3 million as of December 31, 2014.
Nine Months Financial Highlights 2015
Revenues were $16.1 million, compared to $18.5 million in the first nine months of 2014.
Operating income was $5.0 million, or 31% of total revenues, compared with $4.9 million, or 27% of total revenues in the first nine months of 2014.
Net income was $3.9 million, or $0.21 per share, compared with $3.6 million, or $0.19 per share in the first nine months of 2014.
Cash flow from operating activities in the first nine months of 2015 was $4.6 million.
Nine Months Financial Highlights 2014
Revenues were $18.5 million, up 38% from $13.4 million in the first nine months of 2013.
Operating income was $4.9 million, or 27% of revenue, compared to $1.2 million, or 9% of revenue, in the first nine months of 2013.
Net income was $3.6 million, or $0.19 per share, compared to $1.2 million, or $0.06 per share in the first nine months of 2013.
Cash flow from operating activities was $3.5 million.
LEAN AND MEAN!
•Revenue in dollars, but expenses in Euros and NIS. This has driven operating margin to almost double its historical 17% and much higher than 20% company target.
Operating margin is also often known as “operating profit margin,” “operating income margin,” “return on sales” or as “net profit margin.”
No more downward pressure!!! From Jan to March last year stock was trading in the high $3 to low $4 range. Its obvious most traded the dividend payout in March but if you held on Long term you have incurred a loss in stock price. MNDO is down about 35% form Jan and Feb highs...so the most common thing to do was to sell your losses during November and buy back in late December to get you dividends again. Those who held and bought more will receive around 11% dividend for being a loyal stock holder. The rest will have to mad rush in and pay $3.50 to $4 again late Jan.,
Its going to heat up from Jan 1 forward~!! The dollar is getting stronger which mean higher profits for MNDO.!!
Sales are down but profits are higher which is Far more important when valuating a stock...Profits rule people!
Time to buy folks...the run is coming to March 2016.
get in at these low process and earn 11% dividend.
Why do I feel like I'm talking to the Wall??
This is why you should own MNDO!!
http://finance.yahoo.com/q/mh?s=MNDO+Major+Holders
Top Institutional Holders
Holder Shares % Out Value* Reported
Invesco Ltd. 850,000 4.43 2,337,
James Investment Research, Inc. 241,765 1.26 664,853
BlackRock Institutional Trust Company, N.A. 227,239 1.18 624,907
Algert Global LLC 205,221 1.07 564,357
Ativo Capital Management, LLC 172,590 0.90 474,622
Renaissance Technologies, LLC 155,400 0.81 427,350
Morgan Stanley 123,311 0.64 339,105
Eagle Global Advisors LLC 79,577 0.41 218,836
Bank Hapoalim B.M. 68,980 0.36 189,695
BlackRock Fund Advisors 50,817 0.26 139,746
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Invesco European Small Company Fund 850,000 4.43 2,337,500
James Advantage Small Cap Fund 100,325 0.52 275,893
James Advantage Micro Cap Fund 70,370 0.37 193,517
James Advantage Balanced Golden Rainbow Fund 63,450 0.33 174,487
iShares Micro Cap ETF 50,817 0.26 139,746
Westcore Micro Cap Opportunity Fund 43,046 0.22 118,376
Bridgeway Fds Inc.-Omni Tax Managed Small Cap Value Fund 25,000 0.13 68,750
Advisors Inner Circle Fund-Cornerstone Adv Public Alternativ 21,300 0.11 62,409
Bridgeway Fds Inc-Omni Small Cap Value Fund 20,000 0.10 55,000
Vericimetry U.S. Small Cap Value Fd 9,000 0.05 23,400
IT PAYS 10-11% dividend every March!!!
Value shown is computed using the security's price on the report date given. Sept 30 , 2015
Currency in USD.
For the folks dumping shares....
Tax selling- good read
Investors often hate sending money to the government, so some people go to great lengths to minimize the taxes they pay. Tax-loss strategies, or the selling of investments to claim losses, are one popular way investors reduce the taxes they owe. These strategies can improve the after-tax return of an investment portfolio. But unless they are executed optimally, they may cause investors to lose out on significantly better investment returns.
When large numbers of investors try to do the same thing at the same time, trades become decidedly less profitable. In fact, one could say that the “patron saint” of Wall Street is the lemming: running with the crowd may work well for a while, but doing so at the wrong time can be extremely costly. Tax-loss sales typically concentrate on investments that have sizable losses, which often means that these sales focus on a relatively small number of securities within the public markets. When a large number of owners sell at the same time it can put significant selling pressure on those issues. And because most investors tend to execute tax-loss sales in the last month or two of the year, that selling can become very concentrated. Worse still, the prices of shares that have large losses are typically already under pressure for fundamental reasons. For struggling securities, a spike of tax selling pressure has the potential to overwhelm the issue’s buying support, sending prices lower still.
Once the selling pressure ends, shares that become extremely oversold have an opportunity to bounce back. That bounce can be substantial. Academic studies have shown that many of the worst-performing securities at the end of one year tend to be among the best-performing securities in the first quarter of the following year. Ironically, therefore, the most attractive securities for tax-loss selling may also be the investments that are most likely to generate strong gains early in the next year.
To make matters worse, the best opportunity to buy some good long-term investments may also come as tax-loss selling peaks. Sometimes falling prices indicate a major problem with the investment, and investors are well advised to eliminate the holding. But the crowd is not always right. Even great long-term investments can fall out of favor with investors over extended periods of time, allowing those shares to become cheap relative to their potential long-term return. Lesser companies may not have the same long-term growth potential, but when they fall out of favor they can become extremely cheap. As securities near the end of one of these price declines, they may offer large tax-loss opportunities as they prepare to turn up again. For those securities, tax-loss selling has the potential to make a great long-term purchase even cheaper. When that happens, the normal bounce off the tax-selling lows can turn into a much longer period of strong performance. Bottom line: investors who take tax losses should be very careful to understand the fundamentals of their investment and try to determine whether their “losing” investment may be close to a major reversal.
So how can investors ensure their tax-reduction technique will be effective? Most importantly, they should avoid taking tax losses when most investors may be selling heavily. Most people tend to take losses in the fourth quarter, particularly in November or December. By simply avoiding any tax-loss sales in the last three months of the year, investors stand a reduced chance of selling as part of a large crowd. Losses recognized earlier in the year still reduce taxes, even if the savings are delayed to the next tax year. Those who feel compelled to take losses late in the year should at least try to sell early enough to repurchase the shares before year-end. While repurchases made late in the year may not offer the best possible prices, investors who repurchase before the year ends should at least benefit from whatever bounce occurs after the first of the year.
The best strategy is probably to buy during the tax-loss stampede, and sell after the tax loss has been established. Investors who “double up” on the number of shares they own may have an opportunity to establish new tax lots at extremely attractive prices. If they do not have enough cash to double holdings of a security, investors may be able to sell one tax-loss position to fund the amount needed to double-up on another holding. Note, however, that the “wash sale” rules will prevent recognition of the loss if a substantially identical security is purchased 30 days before or after the “loss” sale. Since there are complex rules regarding wash sales, investors should carefully review any tax-loss strategy with their tax advisor.
http://www.forbes.com/sites/brucemccain/2014/11/03/tax-loss-selling-dont-lose-money-trying-to-save-on-taxes/
the stronger the American dollar the better MNDO will do!
Im looking for .09 cents this qtr, .08 worst case!
2014 Dividend
Dividend Distribution
Since July 2003, when we first adopted a dividend policy, according to which we declare, subject to specific Board approval and applicable law, a dividend distribution once per year, we have distributed 11 yearly dividends with an average of 21 cents per share.
We continue to believe that our annual dividends enhance shareholders value and we plan to continue with yearly distributions.
Taking into consideration our dividend policy and the remaining cash after the distribution, our Board declared on February 26, 2015 a gross dividend of $0.30 per share. The record date for the dividend will be March 12, 2015 and the payment date will be March 26, 2015. Tax will be withheld at a rate of about 24%.
Nine Months Financial Highlights
· Revenues were $16.1 million, compared to $18.5 million in the first nine months of 2014.
· Operating income was $5.0 million, or 31% of total revenues, compared with $4.9 million, or 27% of total revenues in the first nine months of 2014.
· Net income was $3.9 million, or $0.21 per share, compared with $3.6 million, or $0.19 per share in the first nine months of 2014.
· Cash flow from operating activities in the first nine months of 2015 was $4.6 million.
As of September 30, 2015 we had 344 employees, compared with 362 as of September 30, 2014.
Operating Margins and Net Income
Similar to our previous quarter, the high operating margins, significantly higher than our target of 20%, are mainly the result of a decrease in expenses due to the devaluation of currencies against the U.S. dollar, a mix of revenues with lower third party expenses, changes in some provisions and some efficiency measures.
As previously mentioned, fluctuation in exchange rates contributes to volatility in our revenues, our expenses and our net income.
Revenue Distribution for Q3 2015
Revenues in the Americas represented 50%, revenues in Europe represented 35% and revenues in the rest of the world represented 15% of our total revenues.
Revenues from customer care and billing software totaled $4.1 million, or 79% of total revenues, while revenues from enterprise call accounting software totaled $1.1 million, or 21% of total revenues.
Revenues from licenses were $0.9 million, or 17% of total revenues, while revenues from maintenance and additional services were $4.3 million, or 83% of total revenues.
HELLO OUT THERE!!!!
Seeking Alpha
MNDO will prove this author wrong, it will be very strong and your starter position should have been $2.38..
"Mind shares seem pretty cheap and I do think this is a high quality company. No matter how you calculate ROIC, you will get a result of 50%+ and there is very consistent cash generation. The technology seems to have a good value proposition and I am always attracted to recurring revenue streams. However, prospective returns of 45% over 3 years or ~13% annually are not juicy enough in my opinion to make this a strong buy. I'm also reluctant to take a large position now because I feel the market misunderstands the revenue and currency issues, which could create a better buying opportunity sometime in the next few years when margins likely revert and/or the current down fluctuation in revenue continues. Mind is a very interesting opportunity, and perhaps now is a good time to take a starter position, but I don't think the stock is a conviction buy at this price".
Bottom line...sales may be down but profits are better percentage wise. Company tightened their belt...running most efficiently!!
good for them, good for us...buy it up... 11% dividend from here
why all the selling...anyway thanks for all the cheap shares this week....once they announce the dividend it will rocket back to $3.00 range....its so simple
so today the fed raised the lending rate
The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%.
Operating Margins and Net Income
Similar to our previous quarter, the high operating margins, significantly higher than our target of 20%, are mainly the result of a decrease in expenses due to the devaluation of currencies against the U.S. dollar, a mix of revenues with lower third party expenses, changes in some provisions and some efficiency measures.
This is huge for the bottom line of MNDO..the dollar will continue to get stronger and weaken other currencies.
Take it for what its worth!!!
The Dividend
The trailing annual dividend yield is a high 11.10%. The dividend paid in 2014 were $4.5mm. Right now MNDO has enough cash on hand to finance the current dividend for at least the next four years. What's even better is that FCF is so high that it can pay for the dividend by itself, without dipping into the huge cash position in the bank. What I am trying to say is that investors can buy MNDO at a deep value price, and lock in a ~11% dividend yield. The dividend is sustainable, the price of the stock is cheap, and there is very low downside at this price.
seeking alpha report
at $2.50 per share we are looking at 11% dividend
by all you can on the bid
Huge bids on $2.60...
Could be institutional looking for their 10.5% dividend come March!
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