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Wow! Tony has one very large brain!
I hope he's not right but I think he is probably spot on. I'm looking for a world-wide economic downturn when we hit the skids here in the U.S. Once you've globalized the economies when the big one falls to it's knees everyone else is going to feel a real kick in the gut shortly thereafter.
Tony posted this on another board--and I stole it from there..heh heheh
From a Sanity Check blog....AND from what I read here...it is not unusual for there to be no Specialist, I guess...or MM..
BTW...before you read on...TKO has a 'specialist', instead of MM handling its trades....
OK--here it is:
Cramer, AKA Dr. Obvioso, proclaims that the markets are rigged and bent!
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 7/28/2007 5:45 PM
Lest it seem a bit too conspiratorial, my alarms went off on Friday when suddenly the newest convert to my position that the markets are so badly bent as to be unsuitable for investing, was.....the mighty Jim.
Here's a little flavor of his diatribe:
"Manipulation. Cheating. Phony numbers. No specialists. No break in the action. A fast market in the last 15 minutes where you couldn't keep up with the prices.
A 15-minute break where the prices were wrong on your screen when it was going down and looked like it was going up.
Sorry. This is about as phony a market as I have ever seen. If there were any refs, they would have stopped play and thrown people out.
Now, look, I understand, if I were short, it would be nirvana. If I were short I would say "Look, we got there by hook or by crook." I am telling you that much of it was the latter."
My observation isn't that he is incorrect, or even overblown. If anything, this is the tame version. When you have stocks on the SHO list for two years or more, it's obvious that the market is badly screwed up. When you have the SEC doing everything short of hanging a "Going Out Of Business" sign up whenever it appears they might actually have to do something about the grandfather clause, or the abysmal failure of Reg SHO, and of their complete indifference to the integrity of the markets beyond what will help the big banks make more money...it isn't rocket science to say things are really bad.
How bad? Read this latest absolutely stellar piece by Alan Newman of Crosscurrents. It spells out how bad rather nicely. Very, very bad.
But back to Cramer. Or rather, back to what stinks here.
Everyone with a brain on Wall Street understands that the game is horribly rigged. They get it. The markets are there so Wall Street can make money. If you do, too, that's an artifact, and many would argue, an anomaly.
So why suddenly does it seem that the agenda of big media, including Diamond Jim, is to breathlessly proclaim that there does, in fact, appear to be a really big problem in the markets, and that they are out of control bent?
Historically, one would have to look to the short interest, and what the smart money is doing, not what the talking heads are saying. The short interest is at all time highs. And yet the market was going up, up, up. Who was doing all the buying if the smart money was selling short?
A really ugly suspicion? Uncle Sam, using the taxpayer dollar to create a hand-off of Wall Street's long positions, at the top, so they could get out of them and go short. That's also how it has usually worked - Wall Street and the crooks (if one wants to differentiate) lay their bomb on the taxpayer when the jig is up, as in 1929, as in the S&L's, and as in now. I've been predicting just that for several years - and I think that is what we might be seeing.
Here's a scenario: Plunge protection team buys as Wall Street sells, allowing them to get liquid and go short. The the team stops buying, and the talking heads all start shouting fire in the theater, stampeding the market to make maximum dollars from the downward run. It's called crashing the system to be able to clear the worst of the liabilities from NSS, and make money all the way down as investors run for the hills. It also helps that the subprime meltdown and virtual abandonment of the CDO market by the banks creates a scenario where the latest casino - real estate - gets the lights turned off, conveniently creating a crisis and leaving those short the home sector winning huge, as well as inevitably, those buying assets at deeply discounted prices. Who loses? Anyone that has debt, and got suckered into the real estate easy money 100-200% increase in valuation scam.
In 1929, the way it worked was you convinced everyone in the country that they were morons if they weren't making the easy money from the market. Interest rates were lowered, and margin was a giveaway. There was no uptick rule to stop bear raids of ugly proportion, but all the press focused on was stories of how everyone was getting rich from the market.
And then, Bam. The Fed raises rates a bunch of times, margin lending rates are tightened at the worst possible time, and the markets go into freefall as the bear raiders go to work, effectively redistributing the wealth that was built in the first 30 years of the century. Very nice. The resulting turmoil allows massive social engineering that transforms a republic into a democracy, the federal government becomes everyone's Daddy, and the ownership of much of the nation's hard assets changes hands - a handy redistribution.
Or how about a more recent one - the dot com thing? Again, everyone is told that they are morons if they aren't riding that gravy train and getting rich overnight. The press is all atitter about grandma and her friends making millions because they thought a company's name was cute. Stories of instant riches abound. Wall Street is very accommodative, and then one day, the bottom drops out. Party over, and another generation's wealth is redistributed.
And here we are. The uptick rule has been eliminated. Most of the safeguards of the 1934 Act are ignored, or considered horse and buggy era anachronisms. But many are still leery of the market post dot com, so what to do?
Real estate was the surefire winner this time, with the Fed happily dropping rates to unseen lows while everyone and their brother gets easy money loans to buy houses at ever increasing prices, and parrots the wisdom that real estate is a great way to get rich. Then the Fed starts increasing rates, the market sours, the CDO market that was created by Wall Street sours, and inevitably, the government will step in and pass the banks' bad bets on to the taxpayer. But it gets better - if my ruminations are correct, as the NSS crisis starts to unfold and it becomes inevitable that the truth is finally known as to how criminally the big banks have behaved, and how perverted the system has become, those big banks understand there is no way out this time - so they create one more run, and then having taken their positions, crash the system to the degree that it requires crashing so they can benefit from the volatility, as well as creating for the country a larger problem than their larceny to focus on.
People don't much have a stomach for who did what to whom when they are in bread lines, or petrified with fear over terrorist attacks, or going to war based on a big fat lie.
My prediction is that Wall Street and the banks who run the country will create a big enough stinky so that their prior stinky pales in comparison. Then it will be crisis mode time, with little leeway to consider ancient history - hell, we got ourselves an emergency to deal with! What does it matter what happened before - we gotta deal with this now, not dwell on past transgressions!
There will be heartfelt speeches, a la, "Mistakes were made, unfortunate events we aren't proud of took place, but in this time of crisis we need to come together and put all that behind us, and ensure it never happens again, so we can grow stronger as a nation..." Sort of the government and financial system equivalent of OJ declaring that he would spend his remaining days (when not on the golf course or partying) hunting down his wife's killer.
Actually, here's today's example of this sort of speech, right down to the mention of moving on for the good of.....the children!!! By none other than Jimbo's buddy Spitzer. Save it, and see if you think this is just a template they circulate, or whether they actually pay a new speechwriter each time they need one.
This is a timeworn and cynical way to brush off past guilt when exposed, and demand that we press on to the future, for the good of the country and of course, the kids. Ironically, it seems to work really well to get countries full of media-created "patriots" to want to go to war and send their kids off as bullet catchers without questioning why - apparently the good of the kids doesn't include the ones being shot or bombed. It's an awesome ploy to get people to forget about the relatively smaller things, like stealing grandpas retirement. The formula is simple - create or capitalize on a larger crisis, and then declare it necessary to either, A) rewrite or ignore the constitution; B) forget about the looting of the financial system as we have bigger fish to fry/a genuine financial emergency; C) act as though baldfaced lies created to escalate events are true, and then long after the fact, admit that mistakes were made, blah blah blah, usually after either A or B is a fait accompli.
If I sound cynical, it's because I've watched as a regulator lies, cheats, and actively assists the theft of our retirements. I've watched us ignore international law and most civilized behavior and invade a country under false pretenses after a questionable crisis event. I've watched as the entire free press dances to the tune of the big banks and top swindlers on Wall Street. I've watched as politicians ignore the destruction of their constituents' savings, while mouthing platitudes. I've seen mountains of data corrupted by agenda-driven media hacks. I've watched as online venues for information like Wiki have been taken over and converted into propaganda spin machines for whatever the agenda of the power base is.
I don't trust Wall Street, our regulators, or our systems anymore. They have failed us at every level. Want to see who agrees? Try googling Lee Iacocca's astoundingly simple summary excerpted from, "Where have all the leaders gone?"
That's not a guy known for fringe looniness or Easter Bunnyesque ribaldry. That's one of the icons of American capitalism, saying, bluntly, that this train has run off the tracks.
But back to our current topic.
Folks, when Jim starts talking about how obviously bent the system is, after ignoring naked short selling and mocking Byrne for years, I automatically ask, "What's he really doing - are all his cronies now massively short and ready for the big takedown?"
Or as another buddy said to me, "You know they're lying because their lips are moving." I rest my case. And I hope I'm wrong, because the ensuing misery will be pretty monumental if I'm correct.
Sirius,
I hear earnings to be in the band of $3.6 to $3.7 million with roughly $500,000 missing a shipping point, so will carry over to Q3.
As for MLK, GE is being shipped as is EDS and 4 airports sorted to date, many more to come and I believe it is roughly $100k per airport, 250 airports in total or around that figure, MLK can do his own maths!!
He keeps going on about the 2 new Companys not being included in the original $25 million, but it would appear, the revenues for these were possibly costed in at outset knowing they would be buying them.
GE was always going to be 6 months on from Jan 07, as per the PR around that time, so GE money not coming to the fore until really Q4, hence why these monies will be carried over to 2008.
Hope this helps, I`m away on holiday as of tomorrow night for a few weeks, so I wish all on this board, happy investing and hope that the Q2 figures plus the announcement for the new female COO, moves the stock up to near or just over the $2 mark in the imminent future.
p.s.
Not invested in TKO currently, so no vested interest!!
GLL
Disclaimer:-
I have no affiliation with TKO, it`s employees, management nor its` Public Relations Companies. I invest purely on my own Due Dilligence and/or from my broker and I understand I can make or lose monies on my investments.
I confirm I live in the uk and I am in no way connected to the American Stockmarkets, Nasdaq, Amex e.t.c. and nor am I in any way affilliated to any brokerages either here in the UK or the States. I confirm my line of business here in the uk is not connected to any money markets, stock brokers, normal brokers and all monies I have invested in America are purely mine from savings, property sales and uk property investments. I have recommended several business colleagues and acquaintances to my broker, of which all are not in anyway connected to the financial industries.
If you go to the Amex website, and look up the non-complaint list, you will see TKO with the.BC after it....www.amex.com , then go to regulations, and then compliance something....from the Amex site:
""Each trading day, Amex publishes a list of issues that are non-compliant with its continued listing standards. An issue is added to this list five business days after Amex notifies the issuer of the deficiency and is removed from the list one business day after Amex determines that the issue/issuer is in compliance with continued listing standards, or the issue is no longer listed at the Amex.
Two indicators are used to identify an issue/issuer's compliance with Amex continued listing standards. .BC indicates that an issue/issuer is Below Continued Listing Standards; .LF indicates that an issue/issuer has submitted a Late Filing to the SEC.
Investors seeking further information may view the SEC filings of the issuer and/or the issuer's website. Continued listing standards of the Amex can be viewed in the Amex Company Guide.
List of Non-Compliant Issues
(as of the previous business day) ""
TKO is "Below Continued Listing Standards"
the list, which would not copy, for some reason, of those in noncomplaince, INCLUDE many companies with 'years of losses'.
THAT is why, IMO, TKO has not yet been removed from non-compliance. Sure they corrected the BOD thing--but like I said, there was more to the situation than JUST that, and the BOD thing was merely the first item on a list. My opinion only, but this time, I believe I am right-on.
Issue Name Symbol(s) Indicator Deficiency Notification Date
It IS strange that, in the Amex web site, it is stated that when a company is back in compliance, the company is removed from the non-compliance list 'the next business day'.....and that has not happened.
My OPINION, when all this started, was that there was more to the AMEX problem, than what was announced...and I said so....I read the AMEX requirements for compliance very very thoroughly---as all should do, IMO, as part of their DD....and found several areas where one could 'question' whether or not TKO was gonna 'make it', meaning, they were meeting ALL the requirements of the AMEX to stay listed ON the Amex, and not be moved down to the BB.... Q2 earnings are going to be VERY important, IMO, as one of the litmus tests to remain on the AMEX. The numbers MUST show some progress and movement forward.
Those who have owned a business, as I have, and many on these boards have, are very aware of the those rules that state the business MUST show increased revenues within and over a certain period of time....and if they do not....the goverments have the right to declare that company as a 'non-company' and re-classify them, for a small business for instance, as a 'hobby'. TKO obviously could not be classified as a hobby, but thy MUST increase revenue...and I think the time-limit for doing so is upon us...and RESULTS are critical.
I was told a few months back, and GLL mentioned something about this too, that the MM we were 'assigned' by the Amex, played a hand in 'informing' the Amex that the TKO BOD was not in compliance, for instance. It has also been mentioned that RP formally complained about the MM we were assigned, and asked for another MM to be assigned to TKO. Standing back, hindsight reveals a spat between the two, and the Think Equity attack, on TKO, came out, as the crescendo of the events, about the same time......
To be quite honest with you, I don't know what the truth is about all of this. And I don;t know if there is an MM assigned to TKO, at this time, or not. I still do not have MM's showing on my level II, but then I have NEVER had MM's showing on my Level II with Scottrade, for Amex stocks....A couple of people have told me I need to sign another piece of paper to get that for Amex....and I have not taken the time to pursue that.....SOME people, however, do have access to the MM activity for Amex---perhaps someone will take some time tomorrow, and inform the rest of us?
Sunday morning,
TKo still has an "h" following its name in the morning paper, which indicates not in complience with AMEX requirements or no market maker. The non-complience should be over, does it now mean we are still without a market maker?
Have not looked at the turnover for a while per the CNBC website.....so thought I would see if Enable (isn;t that one of the pp investors?) was still turning over their stock...and guess what...they are...probably shorting it to make up for the $2.50 share price that is not..take a look...
http://www.cnbc.com/id/15837275?q=tko
Thanks for the optimism, Popmenke.
have a great weekend all. God Bless.
Clear it up!
Let's look again, $1.51 after market close on Monday, July 23, and $1.56 after market close on Friday, July 27; a 5 cent increase for four days, but an increase nonetheless. Sorry it wasn't clear enough to some. I will still take an increase over a four(4) day period and it is still better that the market crunch felt this week. Simple right?
Also, for those who fail to still understand, TKO is in compliance now. Here it is...
For Immediate Release: July 25, 2007 NEWS RELEASE
--------------------------------------------------------------------------------
Telkonet in Compliance with AMEX Listing
Requirements; Receives Warning Letter from AMEX
Germantown, MD, Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband access over existing electrical wiring, today announced that it received correspondence from the American Stock Exchange (AMEX) indicating that it has resolved the continued listing deficiencies referenced in the AMEX’s letter, dated April 17, 2007. After reviewing the Company’s Plan of Compliance, which was submitted to AMEX on May 1, 2007, AMEX determined that the Company has taken appropriate action to bring it into compliance with Section 120 and 121(A) of the AMEX Company Guide.
I know, I know, here is the second part...
However, after reviewing publicly available information and information provided by the Company, AMEX determined that the Company violated certain of AMEX’s corporate governance standards in connection with certain stock option grants made during fiscal years 2005 and 2006. In particular, AMEX concluded that...blah blah blah. (- my editing in case your wondering)
Here's the good stuff, thanks for waiting!
Subsequent to the grants in question and prior to AMEX’s inquiry, the Company took remedial action to correct its deficient stock option granting procedure, including adopting formal measures to ensure the proper segregation of duties with respect to the granting, notification, approval and distribution of stock option grants under the Stock Incentive Plan on a going-forward basis. ...blah blah blah. (my editing also)
Ah! but there's more..here's the finale
After considering the foregoing remedial actions taken, and analyses performed by the Company, AMEX decided not to apply the continued listing evaluation and follow-up procedures specified in Section 1009 of the AMEX Company Guide. Therefore, AMEX will not seek to delist the Company from the AMEX nor will it require the Company to submit a Plan of Compliance with respect to the matters addressed in the Warning Letter.
Let's drop the delist banter OK?
Please enjoy the fact the TKO actually did OK this week considering. Am I in agreement with some of their decisions in the past.. no, but I believe the good will happen in the future (no date..sorry), and I will be there to enjoy it.
Have a great weekend!
Funny...TKO was NOT up for the week. In fact, TKO was DOWN for the week...AGAIN.
Happy Friday everyone! TKO didn't do to bad for the week. Let's see..closed Monday at 1.51 and closed today at 1.56. Looks like about 3% gain for Tues. thru Friday. A whole lot better than most other stocks I have as the week was a real downer. Who could have thunk it! TKO up! I am a happy camper, and yes, it doesn't take a lot to make me happy!
Have a great weekend and good investing!
congrats Ginnie wise move. If more would do it instead of encouraging him by answering. IT WOULD GO AWAY
I read somewhere the US was trying to sell these sub prime loans or the risky loans to China ! I am sure that housing is serious and will eventually take down our economy at some point.
HAMMERED!! DOWN 7%!!
That was ugly!!
Another DOWN week for TKO...what else is new
go to one of his posts...and click on his alias (MLK).
You will be presented with his profile. On that page, I think on the right hand side, there is a link that says 'ignore this poster"
Click on it.
If you have a free subscription, you get up to 3 people you can ignore. If you are a paying subscriber to IHUB, you can ignore everybody you ever wanted to.
This is what the AMEX site says about TKO:
".BC, .LF This issue is currently below the continued listing standards of the Amex, which can be viewed in the Amex Company Guide. A complete list of all non-compliant issues is also available."
Not good!!!!!!!
tell me how to put mlk on iggie.
By the way...has anyone heard about the GE relationship. I think that is why TKO promised $25M at the start of the year and it is also the reason why TKO won't make the numbers initially promised. Perhaps GE lauged off RP and company?
I see I had another post deleted:
Does anyone know why TKO had to lower guidance this year? At the beginning of the year, TKO promised $25M. That was before they aquired Ethostream and SSI.
Then, mid-year, TKO says Etho and SSI will add over $10M to the bottom line. Well, that is great...$25M plus $15M is a nice $40M...HOLD ON, RP says...they still only promise us $25M.
They lowered guidance.
Are they getting ready to do so again?
There is no way they make the floated number of $5M in the second quarter. Watch and see.
Here is a piece of info that I have just looked at and figured out...
Although TKO is down today, it is on VERY LOW volume...volume today vs. avg daily volume is down 67%...what does that tell me? Those who are holding for a long term, are still holding. Those who picked up shares on the cheap a couple of days ago, are selling them off for their day-trade profit.....this AIN'T, as Daisy would say, a major running away from the stock...IMO, this is a 'holding pattern' for those who are waiting for the Q2 report....it is too early for any leaks that have meat to them....isn;t it?
AND, I will even gamble a bit here....nope, I changed my mind.
Ha. Well at least I know where you are coming from now. I kind of liked the OT converations about that market myself.
hahahahha....yous better 'n me at dis here 'change a ideas....
say! did anyone see this 8-k filed yesterday for MST? It has several references to TKO , regarding money passed back and forth, in it. Note, this filing announces that the CFO for TKO is also the CFO for MST....
Form 8-K for MSTI HOLDINGS, INC.
--------------------------------------------------------------------------------
26-Jul-2007
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 20, 2007, our Board of Directors appointed Richard J. Leimbach to serve as our Vice President of Finance, and act as our principal financial and accounting officer. Mr. Leimbach has served as a financial consultant to us since February 2006. Mr. Leimbach is a certified public accountant with over fourteen years of public accounting and private industry experience. Mr. Leimbach has been the Vice President of Finance and Controller of Telkonet, Inc. (AMEX: TKO), our majority stockholder and a provider of broadband access, since January 2004. Prior to joining Telkonet, from October 2001 to January 2004, Mr. Leimbach was the Controller at Ultrabridge, Inc., an applications solution provider. Mr. Leimbach also served as Corporate Accounting Manager for Snyder Communications, Inc., a global provider of integrated marketing solutions, from July 1998 to August 2001.
Other than Mr. Leimbach being an officer of Telkonet, with which we have certain related party transactions, there are no related party transactions between us and Mr. Leimbach that are reportable under Item 404(a) of Regulation S-B.
We have a co-marketing agreement with Telkonet, Inc., which owns approximately 63% of our outstanding common stock. Since January 1, 2005, $244,271 was paid to Telkonet pursuant to the terms of this agreement.
Telkonet, Inc. has made approximately $7,004,000 in unsecured loans to Microwave Satellite Technologies, Inc., bearing interest at approximately 8% per annum. Since May 24, 2007, we have made principal and interest payments in the aggregate amount of approximately $2,381,000, and $5,000,000 of such indebtedness was converted into 5,000,000 shares of our common stock at a conversion price of $1.00 per share. Additionally, on July 18, 2007, Telkonet issued unregistered shares of its common stock worth approximately $1,500,000 as consideration for the acquisition of substantially all of the assets of Newport Telecommunications Co. At July 26, 2007, approximately $1,558,000 remained outstanding under these loans.
There is no family relationship among Mr. Leimbach and our other effective officers and directors.
Sometimes you sound like you almost have a clue. Other times...
Bored again?
full of bull.
BSD
I say there is no way TKO makes $5M in the second quarter as has been floated by some. NO WAY!!!
Another disappointment is in the making shortly.
Getting hammered again today.
Why is TKO still on the AMEX list of noncompliant companies?
Delisting imminent?
Good post, BSD, I agree 1000%. Ig anyone watched Nightline last night, they did a repeat story on a guy who buys houses from the bank---sight unseen---for as little as $2k when the bank was asking for $35k, for instance, on a mortgage default in the $50's and $60's. He then sells the house for as little as $300 down, $275 a month, at 12% interest, as is.....to people who would NEVR be able to get a loan from the bank---and the banks take the hit!
One of the big prblems in my city, is that there are no jobs left for people who want to live the American dream--the companies have moved away, for the most part....and in Michigan, the ripple from the automotive industry has really done damage to the housing market, as well.
Now, if TKO is able to follow thru, and deliver, in a timely manner, and IF the market recognizes a value in TKO stock, why then, many of the shareholders tht are left, will be able to buy houses---just like that guy above---and sell them....just like that guy above, and the banks will STILL be the ones to eat their profit. People are simply walking away from their homes, as BSD stated....I looked at one 2 summers ago, thinking I would buy it, was in foreclosure---the bank in Colorado wanted about $20k MORE than what the market value of the house was---a sub-prime loan, turns out---and of course I walked away from it---did not sell until this past January---for pennies on the dollar---but it took the banks a long time to realize they were not going to get their money back---and NOW is crescendo of that realization....and lately, I have noticed that Banks are being replaced by mom and pop 'mortgage companies'....AND new houses being built? I personally know about 2 housing development projects that got CANCELLED in the past 2 years, right here....AFTER the new streets were put in.....they pulled right out...affordable housing was no longer 'affordable' for the builders to build....bad bad bad
AND, we thought that if we gave every child a free college education (Kalamazoo Promise), we would be able to keep the houses filled with people moving in....didn;t work too well for the houses...but is working great for the kids who want to go on to college---and the increase in HS graduates isn;t bad either!!
MLK,
This post is so full of fallacies that I can scarcely figure out where to begin. A housing company should make a profit no matter how many houses they sell? Not if they have infrastructure, ie salaries, offices, benefits, lawyers. Secondly, assuming they were able to turn a profit on 200 sales, there would be a difference to the pps if that profit were, say, 0.01 per share as opposed to 1.99 per share for 200k sales. Third, this housing boom has been based on so much air. Anyone with a pulse got a loan in this market. Now the gravy train has hit a wall. All these people who couldn't afford a conventional loan, cannot refinance into a conventional loans now on houses that is now worth less than they paid for them. They walk away. House goes on market. No buyers. Price goes down. More houses on market. Supply overwhelms demand. In the meantime, the builders are still cranking out new homes all over the country, based on last years assumptions. The crap has not even been launched towards the fan yet. WFC yesterday said they were stop purchasing subprime loans from third parties yesterday. That means fewer loans. Consequently, fewer buyers. Less demand. No one is poised to buy these faulty loans from these institutions because they are crap. The financial companies are stuck with them. They will be stuck with the houses soon. Then, they get dumped on the market. More supply.
The government has done a lousy job protecting the consumer from himself these last couple of years. Politicians of all stripes have taken contributions from these companies. Hence, no one said a peep when they started offering no money down, interest only, 2% percent balloons in three years crap loans. The bundled contributions from the financial companies certainly played a part in this as well. Now, the companies and politicians are SHOCKED SHOCKED to find out that there was gambling in the casino.
If i sound pissed, it's because I am. I'm in this business, tangentially, and I'm seeing a lot of people in pain or blindly about to be hit by a tidal wave.
BSD
LOL...somebody still hanging on to that "impressive" cc.
I guess the smoke hasn't yet cleared his neighborhood.
This has become a very quite board. Does anyone have any info or updates on all of the promises made in the conf. call. Were any presentations made the insts. or other investers? Same old stuff, a lot said and nothing done!
I agree with you but you also have to consider that many of the banks sell that debt to other instituions so they may not be on the hook for as much as people think. I think we saw many of the investment houses get crushed because of this. GS is one of my favorites and it has gotten killed. I am holding it because I think when the waters clear they are going to be ok, from what I have read that do not have as much exposure to that debt as other institutions.
I think BAC is winner as are many of the financials but the bottom is not in for either housing or financials, good time to nibble though.
C is a financial stock...not a housing stock. C is talking about the delinquencies in their current portfolio extending beyond their subprime portfolio. Most lenders, like C, WFC, etc are tightening the screws on their subprime lending, which will mean that some people won't be able to get into homes that could a year or so ago.
That is where it will impact the "housing" market. That is why the financial stocks are a little more concerning to me than the housing stocks. The housing stocks will take a hit to their bottom line, but they should still be turning annual profits whether they build 200 houses or 20,000 houses. I would not jump into C, as they are not as well positioned and diversified as some other financial companies that are better able to ride out a downturn in the mortgage side of their business (a WFC for example).
Anyway, the typical housing stocks have been so hammered recently, and unjustifiably so in many respects, that I think this is the best time to jump in on a select few. Example, MTH. Already making a profit, which is more than I can say for my TKO holding.
I've had him on ignore now for a couple of weeks and am much happier when I log on and don't see his name. But unfortunatly I still see the regulars who still have my respect answering him and that is dissapointing.
OT as we don't have much to talk about re TKO, except it's been up a whopping two days in a row. A slight upward chart reversal today, but take that with a grain of salt. Nobody's jumping up and down here, that's for sure. I do see buyers lurking for the first time in a long, long time. Things may be looking up.
I don't think this housing thing has bottomed out by a long, long shot. Countrywide in their conference call today (which lasted over three hours with numerous questions) said that it's not just sub-prime that's falling apart for them but some prime loans as well. This housing downturn is for real and will take YEARS before it rebounds.
If anyone is interested in making money the old-fashioned way, MO and BAC are well off their highs, with more room to the down side (my opinion only). Both pay great dividends (higher than CD rates for the most part). They also have good long term potential for appreciation. Disclosure: I have held MO for eight plus years.
BSD
I have also put him ignore and life is much improved without his negative remarks. The stock is also doing better and will continue upward at a faster pace if everyone turns him off.
Financials have lower to go as well as Housing sector. I nibbled into some GS today.
I have done no research into any housing stocks so I wont comment on it, I just think they are done bottoming out. If you plan on hold, you will eventually be right. Buying when everyone else is scared is generally the right move. I just cant do it yet.
GLL, I have put him on ignore and it was the best thing I have done in a long time. Why do you even bother to answer him as he gets paid for every response he creates.
Again...I disagree...MTH is a very highly regarded company that is set to excel over the long run. No quick bounce needed. It is definitely a long play. It may not have bottomed out yet, but I think it is nearly impossible to pick bottoms in this environment. I will sit my money there for the next couple years and make a bundle off of it, I'm sure.
I'm not sure I would jump into the Financials yet. I don't think the bad news for the economy is over, and that will hurt them in the end.
Again, in the long run, I think overseas in where the money will be.
RBT, we agree on everything, especially the relative weakness in the dollar. It's going to hurt us in the end... drive near term inflation and eventually diminish profits over the long haul.
Hope you play it for a quick bounce, they have earnigns tommorow. You realize (it looks like on their profile) they cater to first-time home buyers right? Hope you get a bounce and make some money, I would not want to hold it past 10am tommorrow though. Best of luck on that.
Correction was needed, today seems panicky though.
I dont have a strong handle on economics but I see a few things that are concerning.
1. Yes earnings reports have been strong but comanpies look like they sandbagged earnings to beat the number. Just look at AAPL. Great company, I think they go to $200 but they just did .92 this quarter at set next quarter at .64 or whatever? come on that is silly, they sandbah earnings and beat every quarter. Anyway, earnings have been ok but not blow off the top.
2. Dollar/Yen is baddddddd. The Yen rising against the dollar is bad bad bad. No one is going to know the results of that, if any. If the Yen rises, all that cheap money is gone. That removes liquidity and positions have to be unwound. I dont think anyone has handle on it. Then again, it could amount to nothing and be all talk.
3. Housing market is disgusting. It is showing no signs of life and pulling everything down the toilet with it. Finanicals are getting crushed. It is crap, they are still good companies, I would be a buyer today of them, if I didnt have my modest account tied up in other bullsh*t.
4. On the plus side, I think the global outlook looks great, it seems like so mnay of our US based companies are set to grow with this global growth explosion. Traditional blue chips and conervative plays have turned into growth plays becuase of the foreigh exposure.
Today is nice day to buy being a position in a company you like. Financials would be my first pick.
That is my crappy opinion, sorry so long.
Hate to disagree with you chaps, but I did pull the trigger. On only one, so far. I just bought a boatload of MTH at under $19.35...watch and learn people.
FYI, today reminds me of Oct 1987's drop under Reagan. Very similar economic and political climates. It's a minor decline in comparison so far though.
Depends on whether we close above 2600 tomorrow. If we do, it's probable we'll begin a late summer rally into the fall like we did last year in mid-July. If not, we could over correct down to 2400 which spells problems in the economy for the next two years I'm afraid. It might be the head formation in a head and shoulders pattern, ratern than a correction in a bull trend.
I personally think the sell off at this point is way over done given the revenues and earnings being reported, and we should start to trend back up next week... although (insert caveat here the number of earnings reports that have exceeded expectations this quarter (52%) is less than last quarter (61%) which says things may be getting tougher in the global markets. I'm keeping a close eye on China's markets looking for signs of weakness in their expansion... so far no warning lights. Same with Europe.
How about your read on conditions RBT?
MLK,
You will be proved wrong shortly!!
Liked the disclaimer!!
GLL
Disclaimer:-
I am no friend of MLK, I do not know him, never have, never want to. I feel ashamed that by answering him I have put another $5`s into his piggy bank to add to his other fees.
I am not invested in TKO currently and have no vested interest in whether the PPS goes up or down, MLK may have other reasons for posting.
I am away on holiday on Monday night, will be sitting round the pool in the villa by lunchtime Tuesday and it is expected to be 40c next week in Mallorca and I can`t wait!!
now up $42K again..I sold pretty much all of my stock and had put it here..
Just remember if their products gets mandatory on all the Trucking Companies both here and Canada then I will be sitting on a diamond mine not gold mine with my 111,606 shares..
CEO and 3 other people are scheduled to meet with the Department of Transportation..
Yeah I hear you on that Win, I think your trying to catch a falling knife buying homebuilders but it is tempting.
I haven't see volatlity like this a long time. Today is certainly a wake up call.
What is your take going forward?
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ABOUT TELKONET
Telkonet (AMEX: TKOI), founded in 1999 and headquartered in Germantown, Maryland, is a leading technology systems application developer of innovative powerline communications (PLC) solutions for the commercial and government markets, establishing a range of patented award-winning systems. Telkonet’s PLC solutions are marketed and sold by resellers throughout the United States, Canada, Europe and Latin America.
The Telkonet iWire System™ delivers wired and wireless broadband network access that is simple and cost-effective to deploy, with secure and reliable connectivity at every electrical outlet. The solution is ideal for any type of commercial building, regardless of the type, age of number of buildings. Telkonet’s leading-edge technology is deployed around the world.
COMPANY WEBSITE
http://www.telkonet.com/
Telkonet, Inc.
20374 Seneca Meadows Parkway
Germantown, MD 20876
Phone: 12409121800
Fax: 14108971144
Sector: Technology
Industry: Communications Equipment
Telkonet’s patented powerline communications (PLC) systems – the Telkonet iWire System and next generation 200 Mbps Telkonet Series 5 – use a building’s existing internal electrical wiring to enable Internet connectivity throughout an entire building, converting electrical outlets into high-speed data ports. This is an ideal solution for properties that are not wired with CAT-5 or where CAT-5 is cost-prohibitive.
The EthoStream Gateway Server (EGS) product line of gateway devices, which are developed in-house, deliver wired or wireless high-speed Internet access, integrating easily with any combination of WAN connections. The EGS products range from a cost-effective gateway for limited use applications to a feature-rich, dual-WAN, scalable gateway for full-service properties.
Telkonet’s energy management systems, Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE), reduce in-room energy consumption by controlling heating, ventilation and air conditioning (HVAC) usage based on occupancy. By eliminating unnecessary heating and cooling of vacant rooms, TSE typically reduces energy consumption by 30% or greater.
Telkonet’s proactive support center brings quality of service to a new level with its dedicated, in-house employees, 24/7/365 support, and integrated proactive monitoring and management tools that put property management in control. By integrating the EthoStream Gateway Server and the web-based Telkonet CENTRAL, our in-house support team has real-time visibility into a property’s HSIA usage and data, as well as ISP status.
Telkonet SmartEnergy™ (TSE) controls HVAC usage and improves energy efficiency by adjusting and maintaining a room’s temperature based on occupancy, using a combination of occupancy sensors, intelligent programmable thermostats or packaged terminal air conditioner (PTAC) controllers. TSE eliminates wasteful heating and cooling of vacant rooms without compromising an occupant’s comfort based on our patented Recovery Time™ technology.
Building on the proven capabilities of the TSE system and incorporating Telkonet's unique Recovery Time™ technology, our new Networked Telkonet SmartEnergy (NTSE) advances intelligent HVAC building control with a flexible, resilient and low-cost energy management platform. NTSE utilizes a ZigBee wireless IEE802.15.4 “mesh” network, where each device functions as a wireless repeater and enables energy management thermostats to communicate with each other and aggregate communications up to a single master NTSE Gateway Server on site. NTSE enables central control without needing expensive back-haul wiring. Its key monitoring and analysis features ensure optimum energy savings, giving property owners the tools to identify and implement energy savings, providing total visibility and detailed data about a property's HVAC system and its energy consumption, together with real-time, instant remote management capabilities.
Key features and benefits of NTSE
Telkonet’s proprietary, patented powerline communications (PLC) products harness a building’s internal electrical wiring to form an IP network, turning power outlets into data ports, while leaving the electrical functionality unaffected. Telkonet’s PLC systems – the Telkonet iWire System and the 200 Mbps Telkonet Series 5 – represent a quick, economical, and non-disruptive way to achieve high-speed Internet connectivity throughout a building. Telkonet’s PLC systems offer the hard-wired security and reliability of a CAT-5 cabled network, but without the cost, physical disturbance and business disruption of wiring CAT-5. For properties looking to provide wireless coverage, Telkonet’s systems can be used to feed WiFi access points, which can be connected quickly and simply to any power outlet.
Series 5 Comparison “With 209 sites and limited numbers of IT technicians, we needed a reliable, plug-and-play system that was easy to install, maintain and operate. With Telkonet’s solution, we demonstrated that our own IT staff and contract electricians could install the system…”
Steve Custer, Supervisor CCTV/LAN Networking and A.V. Repair, Hillsborough County School District (SDHC)
Telkonet iWire System
The Telkonet iWire System is a robust networking platform that protects your investment by providing for today’s technologies and expanding for future technologies and applications, with many key benefits.
Low cost – Significantly less expensive than rewiring a building
Quick installation – Completed from hours to days, without construction or disruption
Secure – Data is encrypted and secure from outside intrusion
Hybrid – Delivers wired, wireless or a hybrid solution
Reliable – Patented PLC technology for continuous network connectivity
Scalable – Add users by adding more Telkonet iBridge units
Convenient – Network access at every electrical outlet in every room
Flexible – Supports any device or application using Internet Protocol
Robust – Remote monitoring and management
Compliant – FCC Part 15, UL60950 Listed, and CE approval
Plug-and-play – Easy to connect to the Internet without drivers or software
Applications supported by Telkonet’s PLC system include, but are not limited to: HSIA, local area networking, VoIP phones, video conferencing, closed circuit security surveillance, digital signage, substation monitoring and a host of other information services.
The Telkonet iWire System is used by a wide variety of customers, including:
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ | The "brain" of the system, the Telkonet Gateway converts IP connections to a PLC signal and distributes PLC to the Telkonet Coupler. Through a web or CLI interface, the Telkonet Gateway allows management and configuration of the other Telkonet components. Each Telkonet Gateway supports up to 63 Telkonet eXtenders, 1,023 Telkonet iBridges (users) and up to 4,096 Ethernet endpoints. | |
Telkonet Couplers | The Telkonet Coupler takes the PLC signal from the Telkonet Gateway or Telkonet eXtender and injects that signal into the in-building electrical wiring. Installation of the Telkonet Coupler requires a licensed electrician to meet National Electric Code (NEC) and local electric code standards. Also comes in a model with integrated disconnect switch. | |
Telkonet eXtender™ | The Telkonet eXtender provides additional reach and scalability for networks that cannot be properly covered by a single Telkonet Gateway or multi-building environments. It can be used with wireless radio or wireline networks. | |
Telkonet iBridge™ | The Telkonet iBridge enables a user to connect a computer or IP device to the PLC network. It contains a "test" function to determine the PLC signal strength and has an RJ45 user port connection. |
Telkonet Series 5
Setting unprecedented performance levels for security, speed, QoS and capacity, the Telkonet Series 5 200 Mbps system takes PLC to a new level as a viable networking option for high performance, critical applications, including digital video surveillance, implementations in the utility substation environment, and harsh outdoor commercial installations. Telkonet Series 5 delivers a range of significant performance advances, including the following.
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ – AG5 | The Telkonet Gateway is a remotely manageable network interface that converts Ethernet connections to a power line carrier signal and transmits the signal to the Telkonet Coupler. The Telkonet Gateway allows management and configuration of the Telkonet Series 5 via a web browser or Telnet command line interface. | |
Telkonet Couplers – MVC-200 and DPC-200 | The Telkonet Coupler is wired to the AC or DC low-voltage bus and connected to the Telkonet Gateway with a coaxial cable. The Telkonet Coupler takes the power line carrier signal from the Telkonet Gateway or Telkonet eXtender and injects the signal into the AC or DC electrical wiring. The Telkonet Coupler is also available with an integrated disconnect switch (coupler breaker). | |
Telkonet eXtender™ – AX5 | The Telkonet eXtender provides additional power line carrier signal reach and scalability for networks that cannot be covered by a single Telkonet Gateway. | |
Telkonet iBridge™ – AB5 | The Telkonet iBridge is wired to the AC or DC supply at each point requiring a communications interface. The Telkonet iBridge recovers the power line carrier signal and converts it back into an Ethernet or serial connection for the devices or applications. It contains a test function to determine the power line carrier signal strength. |
The EthoStream Gateway Server (EGS) product line of gateway devices deliver wired or wireless high-speed Internet access and a hybrid solution, integrating quickly and easily with any combination of WAN connections, including T1, DSL, cable modem, fiber and wireless connections. Our comprehensive range of turnkey, standards-compliant gateways meet the requirements of all major hospitality franchises and support a variety of applications, such as VoIP, printing from rooms, surveillance, and point-of-sale terminals.
We provide a complete line of related components, including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder (DVR) equipment, helping you to integrate all of the necessary products into a comprehensive solution.
EthoStream’s support center is directly integrated into the EthoStream Gateway Server and the web-based Telkonet CENTRAL, giving our dedicated, in-house support team and property management real-time visibility into a property’s HSIA usage and data, as well as ISP status. EthoStream leads the hospitality industry in providing innovative, standards-compliant customer solutions and support. Our proactive, responsive, knowledgeable customer support ensures guest satisfaction and retention.
EGS Product Comparison
The EthoStream Gateway Server line of gateway devices provides a simple all-in-one solution for Internet access within a commercial public-access network, while creating a productive work environment and end-user satisfaction.
“This (EthoStream’s Remote Management Console) is an invaluable tool, enabling us to access and monitor all our properties and Internet users from a single location. It is exactly this sort of innovation that puts EthoStream on a different level to other vendors, and is behind our selection of its technology as our preferred option”.
Jeff Henschel, Assistant VP of Technology, Destination Hotels & Resorts
EthoStream Gateway Servers are providing HSIA to more than 2,400 properties, servicing more than 1.9 million users per month, including:
Chairman of the Board
Warren V. "Pete" Musser, 81, has served as Telkonet's chairman of the board since January 2003. Mr. Musser has taken more than 50 companies public during his distinguished and successful career as an entrepreneur. He is currently the managing director of The Musser Group and chairman emeritus of Safeguard Scientifics, Inc. Mr. Musser's distinguished affiliations also included: director of CompuCom Systems, Inc., director of Internet Capital Group, Inc., vice chairman and director of Nutri/System, Inc., vice chairman and director of the Eastern Technology Council, chairman and director of Economics PA, and vice president of development at Cradle of Liberty Council, Boy Scouts of America. Mr. Musser received a BS degree in Industrial Engineering from Lehigh University.
President & Chief Executive Officer
Jason Tienor, 33, is the president and chief executive officer of Telkonet. As the former president and CEO of EthoStream, Mr. Tienor co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Tienor was co-founder of a Milwaukee-based IT consulting firm. Mr. Tienor received a BBA in MIS and Marketing from the University of Wisconsin – Oshkosh and an MBA with an emphasis on Computer Science from Marquette University.
Chief Financial Officer
Rick Leimbach, 39, is the chief financial officer for Telkonet. Mr. Leimbach joined Telkonet in January 2004, and was appointed as vice president of finance in 2006, and then CFO in December 2007. Prior to Telkonet, from 2001 to 2004, he was the financial controller at UltraBridge, an applications solution provider, headquartered in Maryland. Mr. Leimbach joined the company at the start-up stage, tasked with building up the financial organization. From 1998 to 2001, Mr. Leimbach was corporate accounting manager at Snyder Communications, Inc. – a global organization focusing on design, development and implementation of value-added outsourced marketing services. Rick was involved with consolidating the group's extensive operations and working with the SEC. Mr. Leimbach held various positions within public accounting firms, including the Reznick Group and Wolpoff and Company in Maryland from 1991 to 1998. He holds a degree in Accounting from Towson University, Maryland.
Chief Operating Officer
Jeff Sobieski, 32, is the chief operating officer for Telkonet. From December 2007 to June 2008, Mr. Sobieski served as Telkonet’s executive vice president, energy management. Mr. Sobieski joined Telkonet in March 2007, following the acquisition of EthoStream, where he was CIO. As the former CIO of EthoStream, Mr. Sobieski co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Sobieski was cofounder of Interactive SolutionZ, a Milwaukee-based IT consulting firm, and from this gained experience in the telecommunications and insurance industries. From 1998 to 2000, he was involved in consulting and system development projects, including the project lead on developing a new software package for GE Medical, and software tools development for North Western Mutual Insurance. Mr. Sobieski received a BS degree in Computer Science from the University of Wisconsin-Oshkosh and his MBA from Marquette University.
Vice President of Global Sales
Jeremy Griesbach, 34, is the vice president of global sales for Telkonet, joining the company in October 2007. Prior to Telkonet, from 2001 to 2007, Mr. Griesbach was the director of business development for a Midwest regional accounting firm, Virchow Krause, focusing on building the tax services group that specialized in state and local use tax, tax credit and incentives. From 1999 to 2001, Mr. Griesbach was business development manager for Metavante, a financial services and software support company. He holds a BS degree in Marketing from Upper Iowa State University.
Vice President of Hospitality Operations
Matt Koch, 31, is vice president of operations for Telkonet. Mr. Koch joined Telkonet in March 2007, following the acquisition of EthoStream, where he was a systems engineer from 2004 to 2007. Prior to EthoStream, from 1998 to 2000 and from 2001 to 2004, Mr. Koch was a system administrator for Geneva OnLine, a regional Internet service provider specializing in wireless broadband Internet access, managing system administration and integration for web hosting, billing systems, and workflow automation. In 2000, Mr. Koch was a system and network administrator consultant in the Silicon Valley for various companies, including Sun Microsystems, Uptilt, and SalesCenter.com, a web-based sales team automation system. He received a BS degree in Business Administration in Management Computer Systems from University of Wisconsin Whitewater.
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SHARES as of June 30,2007 per Q2
OUTSTANDING SHARES: 66,806,986 million
RESTRICTED SHARES: 56,932,926 million
FLOATS: 58,310,000 million
SHARES OWN BY INSTITUTIONAL:10.45%
HOLDERS AS OF 03/14/07////AS OF 9/1-07
Institutions 40 Holders 38 HOLDERS
Mutual Funds 21 Holders 19 HOLDERS
Other Major Holders 48 Holders
STOCKCHART
[chart]stockcharts.com/c-sc/sc?s=TKOI&p=D&yr=0&mn=6&dy=0&i=p03399193280&r=9301[/chart]
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