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Interesting analyst quote from July Altlanta Journal:
Still, one Wall Street analyst says the company has some time to recover.
"It sounds like they have a lot of liquidity to operate even though they have a lot of debt," said Joseph Altobello, who follows Spectrum Brands for Oppenheimer & Co.
"Kent and his team recognize the situation that they're in, and if they continue with the status quo, it will take a great deal of time to right the ship. They need to look to jettison assets that are not core to the long-term business."
Market Closed Monday - Good thng for us!!! Maybe it will give time for our car enthusiast CEO to get his head back in the game!! I think some of these guys get millions in salaries and they see themselves as the King and shareholders as the peasants. Oh wait, based on current pps, I am!!! LOL : )
He does NOT look like a guy close to BK. If so, it would be nice if he spent as much time increasing the value of stocks!!! It is unbelievable the arrogance of CEOs across this country. What's that about Nero fiddling while Rome burned?
Everyone should send this to CNBC and Fox NEWS as examples of arrogant self-absorbed CEOs. WE NEED TO GET RID OF THIS BUM!!!
It's down because they CAN take it down. I watched the 200 shares sells at the bid right after a big buy at the ask all day. This is taken down by an MM or someone because they can. Because the CEO is more interested in having his picture on the front page of the SPectrum web site than keeping this from going sub-penny. It's not panic selling as it would be faster with more volume. It is either more shorting or somebody driving sellers lower to buy cheap. Either way they can do it until the CEO and idiot PR guy stop them. If new buyers are wary of BK and there is no danger of BK, then let's promote that Mr. CEO, otherwise get that stupid grin off your face!!!! : )
http://www.spectrumbrands.com/
Agreed!!!! Guess we just sit and wait while MMs manipulate the spread and price. : ) Maybe load up on a few more but I'm guessing it won't be as easy for me to buy the bid.
Yes, they have debt but there are penny stocks WITH NO REVENUE trading higher!!! I hope they are doing soemthing. It would seem that there would be massive dumping by the 70% institutional shareholders if it was completely hopeless. Is that the silver lining? LOL : )
Where's that Obama rally!!?? We're trading at a $3 million market cap!!!!! Up is down and right is left and the sky is green!!!!
Or it could be you trying to keep pps down? LOL Uh....since you're the board genius, wouldn't that fear of BK come with huge volume instead of 137K??? Since 70% owners are institutions and they usually have better info, wouldn't they be DUMPING if there was BK coming? Only 137K traded so far so your theory is sort of a not well thought out? Maybe just not enough buyers for Wall Street manipulators? Yeah I've seen the little 400 and 500 share buys at Bid or below. It's not rocket science!! wink wink : )
Not much selling left below .07 IMO. Just that one guy that keeps trying to paint it below .07. There are supposedly 5 million shares short here and we saw a penny move up yesterday on about 200K shares. Imagine what would happen to the pps if 5 million shares needed to be covered? Seems like we ought to be hearing something from the compnay. My guess if there was any real bad news, we'd see huge dumping as many of the institutional buyers would hear or know first. And with 70% institution and low volume, I feel very comfortable that this will eventually move up BIG TIME!! : )
Nice end of day buying!!! Last 15 minutes and lots of buying and up a penny and a half from the bottom. It doesn't take much to move this stock with 45 million shares in float and most held by institutions. SOme good news and....... : )
Uh.....ANY person with HALF a brain knows that Haggetts has to be in trouble!!!
1. They have NOT weathered worse times.
2. They are in upstate rural NY which is having harder times.
3. They offer nothing that Wal-Mart doesn't have cheaper. Radio Shack has MORE to offer than Hagg-ettes!!
4. They have tons of debt thanks to Scumafozza!!!
Did I miss anything? Because I can't think of ONE reason why they would be doing better than other retail chains, all doing poorly!!!! This whole scam was about LYING TOM buying a even worse retail outlet Wisebuys from himself for a HUGELY inflated price. In fact, LYING TOM is probably hoping for BK as his excuse for screwing the common shareholder!!
Emailed IR again. They're the only ones that can help pps go up. Maybe one of the institutional owners will start putting some presure on them as well. Given the market climate and the manipulation of stock prices all over the market, companies need to be proactive rather than rolling over and peeing in the air!!! The fact that this billion dollar revenue company is trading for a hair over $3 million is pathetic and criminal!! I don't care how much debt they have. The pps is ridiculously low. Penny stocks with NO revenue trade higher than this!!
No answer from IR here either. That answer in yesterday's release regarding delisting was pathetic!!! I've never seen a company with the history and amount in revenue simply sit back and let the pps of their stock get pushed down to nothing. The market cap is now $3 million!!!! Unbelievable.....
All this news is built into the current pps. It really is a rock bottom price and has lots of upside potential IMO. But yeah lets get a vote of cofidence from managment!! : )
Sounds like a great idea!!! The last letter from the CEO said he was baffled by pps and that they had more than enough cash flow. In fact, he sounded very confident that current sales revenue would be fine and that debt restructure would get them really going. I think going off NYSE required some institutions to sell and greedy MMs took advantage of that need.
But yeah market cap of under $40 million for company with over a billion in sales of recognizable name products? Seems even with the debt, somebody might want this company!!! Like I said, any good news and multi-bagger. Just have to weather the manipulation in the short term. But the shorter that term is the better IMO!!!!!!!!! LOL
Low volume, likely only those needing to sell are the ones trading the most and MMs love to have fun with those folks. Looks like moving back up. But yeah Spectrum, throw us a bone!! This is a ridiculous price for this stock!!! LOL : )
ROFLMAO!!!!!!!!!!!!!!!!! Gawd, I will celebrate orange jumpsuit day for LYING TOM!!!!!
It's a real joke watching someone trying to push pps down. Time to alert the SEC!!! I have a couple of friends on COngressional staff and they said SEC is investigating everything now so there is no more egg on their face. Plus COngress is getting very upset with fraud and manipulative greed. Tell me someone is not puposely pushing the pps down when they sell little amounts of share at the Bid which is only .001 lower than the ask? If someone needed out badly they would just dump. But since these little sell amounts are in some cases below the bid (and these are the ones SEC should look at) then it means one thing to me: manipulation. Time for the little guy to strike back. Or lets get some good news from Spectrum and fry these fu......uh, guys!! LOL
I agree!!! Someone or someones have been pushing this down for a long time. As it turns out, it is easier to manipulate a stock down, (than up) so hedge funds etc play this game. The SEC looks the other way because all their friends are making money doing this!! LOL Well SEC gonna get tougher after Madoff IMO.
That being said, all the bad news on Spectrum is already out. We are way way way oversold. Our market cap at .08 is $4.1 million for a company with over a billion in sales!!! Yes there is significant debt but the CEO said the company has plenty of cash flow to weather the storm. And no matter what other posters or Wikepedia says, for those that have operated businesses with debt, you know the importance of adequate cash flow!! Many companies are bought JUST FOR THEIR HUGE CASH FLOW!!
So given no good news and we still are oversold and should have a bounce off of .08. We get any good news and this is a multi-bagger pure and simple. Just have to wait and not panic IMO. : )
Every real business man uses Wikepedia!!! LOL
The truth is SPCB stock has been run down and is way oversold, regardless of the debt. As soon as this country finishes with those behind stock fraud, we'll be going after the hedge fund shorters, huh my friend? wink wink : ) Greedy scum has just about ruined this country and the little guy is fighting back and the SEC and Congress IS taking notice. There will be new shorting rules and hedge fund rules and the days of beating stocks down far below a realistic market price ARE OVER VERY SOON!!!! : )
Well actually if you're were a business person, you'd realize how uninformed that statement is!!! Revenue means cash flow and this company has tons and tons of it. If they resturture the debt, they will be in good shape. This is a company that has 52 million shares and less than that in the actual float. At .08 and change this market cap is next to nothing!!!
Of course there are those that keeping selling the 400 shares below the bid to screw up the charts and make it easier to short but that wouldn't be you with the 2-month old news would it? If we get some good news, the 5 million shares of shorts will be creamed beyond recognition. This is a billion dollar company that is dealing with debt resturcture and since they have enough cash flow, to weather the storm I wouldn't want to be short if it start to move up with the small float we have here.
Nobody wants to sell at these prices. The number of outstanding shares is 52 million and the float is even smaller. Also the short count is around 10%. So this is shaping up for a multi-bagger if we get some positive news or shorts get scared, whichever comes first!! LOL
Would be nice to get rid of these shorts!!! Its obvious that at least one MM is keeping price down last few days with his little 400 share below bid sells, etc. Let's get a piece of positive news and send these guys packing. We have a relatively small float with institutional onwership of nearly 70%. Won't take much to move this beast up!!! : )
Another day of mostly .09 and above. Even had a large block at .094!! Would be nice to see .10s and above tomorrow. : )
Above .09!!! Trading looks good early with bottom set IMO. To answer the question as to why this is a .09 stock with 52 million shares is a marklet cap under $5 million for a company that has over a billion in sales. Yes, they have significant debt, but the cash flow alone of this company is worth more (several times) than the current price. This got beat up by all the bad economic news, a bad division that was eliminated with big writeoff and then shorters took over and do what they do best. Still with all the institutional owners, the real float is very very very low. And there is still a 10% number of shorters on board.
ANY positive news and this is a multi-bagger IMO. We just need to get the news out and the company needs to get us some positive news. How about a debt restructure? That would be nice, huh?
Sorry but you DO NOT, otherwise you'd be able to explain WHY you think differently. As you always say PROVE IT so I ask you TO PROVE IT!!! Prove Jim wrong in his post.....can you? Many of us have given REAL REASONS and REAL FACTS as to how LYING TOM has screwed shareholders. Have you not looked at the value of your SEAWEED shares lately? HAVE YOU EVER OWNED A STOCK THAT LOST 99% of its value and then later can back and made money for you? Those stocks DO NOT EXIST!! Sorry Dude its just the facts, not fantasy and not what you HOPE will happen. If LYING TOM really cared about shareholders he would issue a shareholder letter explaining the spinoff of Hacketts in more detail. Why has he not done that Lightbeam? A REAL CEO would get that letter out ASAP!!!
Agreed!!! What goes around comes around!!! LYING TOM got greedy and thought he could screw shareholders and while he did succeed in screwing us beyond recognition, he has also screwed himself.
Might be some angry dudes with wire cutters looking for him!! Some of these guys in NY and FL don't like their money screwed with!!! LOL Not to mention, he has ruined his sister's reputation as well.
My guess some reporter is working on this story as this is slightly different than many penny stocks in that LYING TOM has taken real (albeit not terribly profitable) compnies and bankrupted them!! Hacketts has been around long enough, that readers and reporters will be interested!!! Won't be long that LYING, gold-chain wearing, POS is gonna get that smile smacked off his face!!! LOL
Yep, the buyers are knocking each other over to get some of those LYNG TOM shares!!! Gawd, I'm going to lose the remaining 2% of my investment!!!! LOL Wait....is it even 2%? MY BAD!!!
Oh Tommy.....who is that over your right shoulder? Payback is gonna be bad Tommy boy!!!!!
Most of the buys at or over .09 today!! Some MM kkeps placing 400 share sells at .087. There are over 4 million shares short and I think I'd be covering if I was short so maybe it is somebody trying to keep the pps down to buy. But there is always a devious reason when somebody sells below the bid. They may get away with it in very low volume. We get ANY volume and this guy will get creamed!!! I'm way past the point of caring about greedy or devious Wall Sreet folks!!! LOL LOL : )
That's usually what happens. Along comes a big buyer and everybody jumps in afraid to miss the bottom. But yeah we should get a dead cat bounce here at least!!! LOL I mean the cash flow alone makes this company hugely valuable!!
Moving up on low volume. Any positve news....tax breaks....Oboma rally.....debt restructure, etc and we'll move up big and quick IMO!!!! This is way oversold and has a ridiculous market cap, even with the debt they have.
YOU BET!!! I'll take 10M more shares!!! But please let me get them before the next REVERSE and MASSIVE DILUTION so I can LOSE MORE MONEY!!!!!!
NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LOL LOL LOL
All we can do is laugh now......and maybe hunt down LYING TOM?? : ) I will have some satisfaction!!! : )
Oh Tommie.......that's me over your right shoulder!!! : ) : )
Please enlighten us Lightbeam. I have plenty of time tonight for you to tell me WHY it is a good deal. The ole "read the filings, it's there" is an old old old pump that NOBODY here is going to fall for. If it is such a good deal and YOU understand it, then simply tell us in a paragraph WHY. It's not rocket science. : ) Thank you. : )
Let me get this right. We used to own 100% of Hacketts when part of SWYV and we now own 88% of Hacketts as ALRN AND THAT'S A GREAT DEAL!!??? Hey, got a twenty bill for one of my ten dollar bills?
We have no idea whether common shares get ANY ALRN shares as TOm sort of left that detail out. But he didn't leave out ALL THE NEW PREFERRED SHARES and WARRANTS he has created. Want to guess who is getting those? CLUE: IT IS NOT US!!!! He also was very clear that a Reverse is coming which means DILUTION DILUTION DILUTION!!!
Here's a simple way to calculate whether common shareholders are getting screwed or not. Has LYING TOM converted his preferred shares yet? He hasn't??? Oh my.....what could that mean??? CLUE: MEANS HE IS NOT FINISHED SCREWING US!!!! Because if he converted he would be screwing himself as well. Isn't that amazing how simple it is?
If this is such a good thing to commons, why hasn't LYING TOM posted a letter to common shareholders explaining it in English without misleading and purposely leaving out what he has to know we are concerned about? Huh????? Please answer that for me please.
Are we still in business? Seems bankruptcy is the next step IMO. Not sure how Hackett's could survive. Of course, LYING TOM has fled to Florida with our money and is busy buying new gold chains!!! POS!!!!!!!!!!!!
LOL...what was I thinking!!!! Yeah I was actually trying to come up with a scenario that would maybe get me to breakeven. Thanks for bringing me back to the LYING/SCAMMING TOM world of reality!!! LOL
Friday after New Years is a throw-away trading day. I wouldn't worry too much as traders will start looking for bargains and SPCB will stand out like a sore thumb. Just sittin and waitin. : )
So what do I get lightbeam? I can read PRs just like you but please tell me IF we are getting shares!!!! It looks like there will be 179,000,000 shares which is a real RIPOFF if you figure Hacketts had the most worth (such that it is) of SWYV. Since we have over 2 billion shares outstanding in SWYV, we will only get 179 million from ALRN???? That's less than 10% of SWYV!!!!! It looks again as if C-SUCKER TOM has created new preferred for himself and family!!!
Ahhh, maybe the new ALRN shell is more about hiding from the SEC? GAWD how I hope LYING TOM gets fitted for an orange jumpsuit soon!!!!
Yep, lots of .09s at eod yesterday!!! I'm thinking we start to move up with the January Oboma rally that all are hoping for. We're way oversold and any positive will move us up substantially IMO.