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CCEL--There was a notable item in the recent quarterly report which disclosed the Company has recently bought back approximately 175,000 shares after not buying back shares for years. This buying dovetails with their announcement for seeking a buyer for their legacy business and after spinning the Duke assets out to SHs in a separate company. The two CEOs are the largest SHs to me this is a bullish sign that they're confident they have a buyer lined up at a good premium to the current share price as the Company has been on the buy side of most of the volume since they announced exploring strategic alternatives. I think this is a good event driven play.
CURI Up 55% in less than three weeks. Was intending to hold long term for my dividend portfolio but now tempted to sell at least some and buy back on a retrace.
CCEL Per today's PR will consider strategic alternatives including sale of legacy business. Stock up in premarket.
CURI Initiated a position at .84 for my microcap dividend portfolio. They look positioned to sustain the .025 quarterly dividend for the long term so share price should rise over time to $1+.
ELTK Trimmed back from oversized position but will hold core position in anticipation of continued share price increase to $15+.
ELTK This language about the backlog is ambiguous as written and I don't think that was inadvertent. I think management at the margin is over promotional in its PRs and this ambiguity is a little slimy. Not perfect but better than issuing no earnings PRs. I added to average down my cost here to 10.90 so still in the red but feel good about a continuing rebound. Those investors paying $16 a share must have seen bullish forward year projections that seemed credible. And that secondary provides extra incentive for management to get the share price up.
FEIM I doubled my position and averaged down. Better if the glitch hadn't happened, but creates an opportunity to make more money. Very positive conference call IMO. If the overall market holds up through July, I think we see it rise to $15+.
FTCO 5.32 With recent positive drilling results, management apparently allaying investor concern over Seeking Alpha short hit and ability to maintain dividend. With .48 annual dividend and pristine balance sheet, seems poised to rise above $6 again with a strong yield while you wait.
FTCO Reporting tomorrow AHs. Has been under pressure since weak drilling report. Dividend over 10%. Unless management drops a bomb like a dividend cut, seems like it should rebound after report.
Pretty staggering:
"Nomura estimates there are 20 million unconstructed and delayed pre-sold homes in China, with a funding shortfall of 3.2 trillion yuan ($445 billion)."
CRWS Sold after short hold. Building a microcap dividend paying portfolio but without organic growth, don't see long term dividend sustainability. Birth rates in more developed countries plummeting, a macro headwind for baby/children product companies.
FTCO Just had an order executed at 3.95. Even if they have to cut the dividend going forward, it already feels priced in.
Sorry "Hweb" not "When"
Ecoblot, When and KIK--Thanks for your suggestions for dividend payers. Although higher dividends seem attractive, they're often a warning the dividend isn't sustainable. I'm seeking in each case to determine dividend sustainability or potential for increase. As I come up with others that seem to fit the bill, I'll share them.
TAIT and CRWS I'm rotating my portfolio more into dividend paying micro/small caps. I started a position in TAIT and am considering CRWS. Any thoughts on either would be appreciated as well as any other dividend paying favorites.
CCEL Here we go again. After tanking mid November on no news, it has been firming nicely on highish volume--up almost every day in the last few weeks with the bid at 6.35 this morning attracting almost no selling. A few shares traded at the 6.94 ask for a recent high. Then out of nowhere ~15,000 shares get dumped in the mid 5's as if tanking the price 15% was the desired outcome. Makes me wonder if the recent buyer periodically dumps some shares back on the market to reset the bid/ask with the hope of being able to continue to accumulate at a lower price point. Very weird action.
CCEL This has had such strange action over the past few months. Volume has definitely increased and it will show price momentum like yesterday and this morning with the bid being pushed up like someone is accumulating--all on no news. Then suddenly shares get dumped and the ask declines .50-.75 and recent price firming gets wiped out in a few hours. It almost feels like the volume is driven by some kind of trading algorithm rather than a motive to accumulate. And management is essentially non communicative. Also, the price almost always tails off EOD like someone is painting the tape to moderate a daily price increase. Bottom line, I'm finding it challenging to discern any price direction.
Is it just me or does this rally no longer feel range bound? New high for the NASDAQ?
Mermelstein--Wouldn't just putting Wade on ignore fix your issue with this Board?
If I'm the contest leader, the inmates have taken over the asylum. Sanity should once again prevail in the coming weeks. I tend toward highly speculative picks for PSL but have learned the hard way not to bet too much on them in my real portfolio.
CCEL also getting action today. Volume increasing and bid and ask moving up.
NTPIF Up big on news they finally secured chops from prior owner for control of the company. Looks like there's another step before they secure complete control. The company has billions in real estate with little debt but only trading at $200 million market cap. I have a big position because what could possibly go wrong from here???
Does NTPIF qualify?
CCEL is such a low floater that a single motivated buyer or seller can push the share price around wildly even on modest dollar volume. The original big seller drove the price from the teens to the 2's during a deteriorating market for microcaps. Once he was gone the price quickly jumped back to the 6's with a persistent buyer repeatedly hitting ever increasing asks but flushing out very few shares on the way up. I was surprised there wasn't more price churning on the way up but figured it was driven by a very low float. Then just as it's sitting pretty in the 6's, somebody offers 5000 shares for $5.20! And the trend quickly reversed with a persistent seller repeatedly hitting ever decreasing bids to a new recent low today of $4.36 at the close which doesn't bode well for tomorrow. Feverish buying immediately followed by feverish selling on no significant news. Maybe the same investor drove it up then decided to dump it? Maybe somebody got a margin call or dumped some shares to buy a boat? Who knows.
CCEL All buyers last week all sellers this week.
SGOV What's the current dividend yield? I can't tell from looking at the quote.
CCEL very bullish and up 68% this week with big seller gone and aggressive buyer(s) driving higher than average (albeit still modest) volume. There's been both premarket and aftermarket trading often this week which never happens. Aftermarket today it's up to 6.36 which is another recent high. I hope this suddenly determined buying carries over to next week.
CCEL Wow. Now ask at $5. The same low float that caused share price to collapse with big seller is causing price to gap up on even modest buying interest.
CCEL Yes with big seller gone both bid and ask have firmed pretty steadily for the past 1-2 weeks. With quarterly earnings anchored by over $20 million in very sticky recurring revenue, their earnings are more predictable than the typical microcap and they trade on Amex vs OTC which has attracted some institutional ownership (most recently Hamilton Lane for 400,000+ shares). Assuming a predictable .40 in annual earnings and a 15 PE, I think $6 a share is a reasonably conservative valuation. They also continue to buy shares back pretty aggressively and management may well try to take the company private at a low price. This could set the stage for a higher bid and significant appreciation from the current share price.
CCEL Big seller is sold down consistent with ask firming over the last few days. This one a good bet to recover some from being so beaten down to multi year lows despite solid operating results and sound balance sheet. We'll see
What's the ETF that mirrors a money market fund? TIA
CCEL I didn't hear the Maxim presentation either but don't think they wowed the audience because fewer than 1000 shares traded the next day. Today looks like Iszo Capital capital continuing to sell down as there was 5x average volume on no news. They could be down to approximately 100,000 shares from 450,000 originally so getting there but weighing on the SP in the meantime. It should rally some when they're gone but could spike big if/when they get FDA approval to operate their infusion clinic to treat autism. Losing money on a stock is bad but having it be a PSL pick adds insult to injury ??.
CPPMF up 10% on high volume today after spiking on Friday as well. No news I can see.
Does NTPIF qualify?
Does NTPIF qualify?
CCEL $4.17 has been absolutely hammered since their special dividend and now trading at multi-year lows. There's a large shareholder bailing on his position who should be done soon. Also, they're awaiting FDA approval to operate infusion clinics for autistic kids. I think it's a good candidate for a significant Q1 bounce.
Why are healthcare stocks tanking today?
UVE and BGFV Sold my recently acquired positions for negligible gains. Unless there's pending earnings or other news to pop the price, it feels unwise in this market to hold a stock just because it's cheap. I had posted when I bought them that the night is darkest just before dawn, now it feels more like 2 am than just before dawn.
UVE Should have followed your lead and sold R59. Now trading in the 8s.