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Big q2 coming tonight--BIG!
Weather issues (April and May) have been prevalent as it relates to the North Dakota area. This could be another issue for the company when it reports Q2. My question is: what analyst/firm will raise their rating on NES after they report and the stock is under $3? Will we see some insider buying?
Interesting comment on name change! Thanks for this comment.
$0.30 offer...come on, someone take it! July 18th and still no update letter...but word has it, business has been on fire!!
Porsha - firstly, for all those on this site, Porsche is actually pronounced exactly like your name. (The majority of people do not know this) secondly, in my opinion, there is probably a 70% chance of a guide down for full year, a 29% chance of a no change to guidance and a 1% chance of a guide up. I'm long the stock, but very frustrated. The main reason why I own NES is because of UGSI.
See SPN news 'severe flooding in North Dakota affected our earning in the quarter". Here we go again. Any bets that NES will say the same and will therefore, take their annual guidance down?
Scott88 - answer to your question is when HEK purchased China Water years ago. Huge waste of money...complete failure! Some people think Dick Heckmann is a God...I think he's washed up. Yes he had success at US Water Filter, but this company has been a failure. Haven't seen Dick put his money where his mouth is--lets see some insider buying, Dick if this is such a good deal!
Like your style, boiled peanuts! If the fracking theme doesn't work over time, maybe Dick Heckmann can change the company again (remember china water)? It's all about earnings Dicky; you can't fool Wall Street again...as a matter of fact, with the lousy balance sheet, try fooling Wall Street again!!
Any thoughts on the impact, if any, of the news on NES today as it relates to possible new business with UGSI?
Nice announcement, but there is still the earnings quality issue. A poor q2 and poor guidance could send stock back to under $3 level. Dick Heckmann needs to resign/retire. That would be the best move for this company and this stock.
Pro-life- u the man! U on this because of the 40,000,000 shares of UGSI that NES owns?
Gabelli likes fracking stocks (CNBC today)
Letter coming this month...maybe! Andy, how bout an early Christmas gift. Tell us a deal is coming.
Wonder why? Executive vp/board member resigned (legal guy) ; see 8k...now it's your turn Dick!
$.014 bid, $0.23 offer...here we go again!
Dick Heckmann's report card right now is a D-. I really don't care about his past performance. What has he done for us shareholders lately? He has hurt the shareholders of this company -- FACT! The balance sheet is a wreck. He has a history of gambling shareholder money on speculative ventures, ie power fuels. Depending on how this whole fracking situation turns out, we could be looking at a bankruptcy for NES. And, unfortunately, I'm a large shareholder...still!! I'm an idiot!
Heckmann also the same guy who wasted shareholder money on buying a china water company, which was a complete disaster. I wish he would just resign from NES and retire comfortably.
Marcpw--good stuff my man--in other words---BUY NES!
Relax guys! I'm not going anywhere, and yes business has been very good this Q2 (unlike Q1 which was not that great). The problem is, one buyer took this stock up the past couple weeks or so. Once the shareholder letter comes out, I will bet, shortly after, or earlier, stock will trend down. We all know how this stock acts! I think $0.155 will be my opportunity to add to my position (have order in to buy 20k, all or none gtc). All the speculation about something happening will eventually turn out to be absolutely nothing...10 + years and holding--why no pressure on Andy and the board to do SOMETHING!! Why?
Got my order in to buy more at $0.155. Hopefully, I'll be able to pick up some more this week or next.
Sewer dog - where are you? Did you take a nice cruise with all the money you've made recently? Hope you are buying some NES here like I am. NES has made about $4 million the past 3 weeks (on paper), in that they own 40,000,000 shares of UGSI! Stock is a screaming buy!
UGSI up $0.10 in the past 3 weeks to $0.25. In that NES owns 40,000,000 shares, they have made $4 million on paper in 3 weeks. The idiot sell-side analysts would never comment on this! We need some insider buying, then it's off to the races!
Bought more here...I'm either going bankrupt or will be buying a nice boat...nothing in between!
$0.25 bid! I stand corrected...for now!
Late Friday, bid was $0.155, of which I put in a small order -- looks like large buyer is now done, so nothing holding up the stock. Sure would love to see a $0.25 bid, but that would be a dream.
Bought a little more last week and ready to buy more next week
How bout that $0.25 price! Too bad we're looking at below $0.20 next week, or as the old song says, "it's only make believe"! Enjoy the weekend thinking we all have made a bundle last week! I'm taking my girl out for a night on the town, told her I hit it big in the market last week!
Short covering was that million share trade. Some hedge fund very happy!
It's really pretty simple...either company starts hitting analysts numbers, especially cash flow OR company gets bought out.
Government doing their daily checks on us :)
Bought my original position under $4 years ago. Was first to comment on this stock. I'm OUT! Too many uncertainties with largest customer. Stock headed down to under $8. Be careful my friends!
Great article...
Andy--don't let us down! We've been with you for a long time.
Quarter million shares to buy at $0.20...this is truly what we need to see...huge spike in volume!
Company either needs to come out with press release on update
of quarter or management team needs to buy more stock individually. (Previously, before acquisition was announced, Lou Holtz bought 100k at $3.50, Andy Siedel bought at this price also).
Good to have u on board. I also owned this stock when it was teamstaff. New mgmt team seems strong and I would recommend purchase at $0.80 or less.
Presentation must not be going well....or a secondary coming? Anyone?
My crystal ball says business is booming and shareholder letter coming next month :)
Missed quarter for NES means $2.50 or less stock price. A beat on the numbers means $4.50. Any guesses at this point?
Because something serious is going on at the company (ie, major acquisition, merger talk, IPO discussions, etc.) OR Andy is tired of sending the update out every 3 months-- a waste of his time, interrupts his regular schedule, etc.