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RELL - Here is what they took down in the transcript fwiw:
Unidentified Analyst
All right. And then I got 1 more, and it goes back to the press release and my favorite line here, "We believe sales and profits will continue to significantly increase in fiscal 2023." I'm just looking for a little clarity on that. Is that significantly increased quarter-over-quarter from the comparable quarter last year and what is significant?
Wendy Diddell
Yes. So I'll take that 1 first. So over prior year, yes, we believe we will see increases. And for us, I think we usually say in the 10% to 15% range increases, Q3 and Q4 are solid. And that's about as far as we're taking our forward-looking forecast right now, but it looks good.
UNTC - This looks interesting:
Unit Corporation Declares Special Cash Dividend and Approves Quarterly Cash Dividend Policy
Business Wire - Jan 05 13:47 EDT
TULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (OTC Pink: UNTC) (Company) announced today that its Board of Directors has declared a special cash dividend of $10.00 per share and has approved a quarterly cash dividend policy beginning in the Company’s second quarter. The special dividend will be paid on January 31, 2023, to shareholders of record as of the close of business on January 20, 2023. The initial quarterly dividend will be $2.50 per share to be paid on a date in the Company’s second quarter that is yet to be determined. Subsequent quarterly dividends will be issued on a variable rate per share basis as determined by the Company. The special and quarterly cash dividends will be funded by cash on the Company’s balance sheet.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “We are pleased that our operating performance and capital position allowed us to return value to our shareholders through these dividends.”
The declaration and payment of any future dividend, whether fixed, special, or variable, will remain at the full discretion of the Company’s Board of Directors and will depend upon the Company’s financial position, results of operations, cash flows, capital requirements, business conditions, future expectations, the requirements of applicable law, and other factors that the Company’s Board of Directors finds relevant at the time of considering any potential dividend declaration.
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.
RELL - I probably shouldn't have even posted that. I thought I heard management reply with a comparative number in the teens. Now I'm not sure if they were referencing sales, profits, the next two quarters, or the year. I was distracted with other things while listening to the call. I could have totally misheard the whole thing, so don't make any investment decisions based on this.
RELL - I listened to the cc, albeit with distractions. One of the callers asked for clarification on what management meant by "significantly" in this statement from the earnings press release:
It's a very cruel reality for some of these folks who were new to the market and jumped on the meme express. My former dental hygienist's husband was very heavily invested in GME. He was a true believer in the company. I have a friend who was new to investing, and he owned AMC, telling me he knew that the company had issues but didn't want to miss the next possible parabolic rise in price.
It's good to get all sides, Gilead. I would definitely rather find out I am wrong about a stock sooner rather than later.
AATC - I don't think you can necessarily look back at the past 12 months and extrapolate. The first three of those four quarters pretty much sucked. Things turned around in the last quarter, and here's what the CEO had to say in the delisting PR:
Thanks for the list, Nelson. I own ASTC, ACCO, KTCC, BOSC, and GOOGL. I've been opportunistically eyeing BGFV, EXPR, and AMZN. I'm gonna take a look at the others on your list. It's the last trading day of the year. It's now or never......
Here's some of the beaten-down stuff I bought this week:
JRSH
SCX
SGMA
TRT
UUU
TSLA
AEY
DIS
ACNT
SNT
NTIP
SIEB
MIND
CTHR
AATC
MNDO
TAIT
ALTO
NHTC
CRWS
Some junk, some funk, but maybe some compelling end-of-year deals.
AATC - I bought more today, some in after hours at $3.60. It got down as low as $3.50. At $3.60 we're talking about a 14.44 percent dividend yield!
That's totally nuts considering the much improved earnings, management's commentary regarding current business conditions, and the stellar balance sheet.
I think some of these beaten-down beauties are going to be spring-loaded heading into the new year.
MIND - I've been accumulating down here, also. Tough market. It seems like anything that's been pretty well crushed, they continue to beat with a stick.
AATC - That sounds quite plausible to me. Plus you have your run-of-the-mill tax loss selling. Any stock that people are underwater on is a possible victim at this time of the year. I bought a good chunk more yesterday between $3.75 and $3.80.
AATC - $3.84 Sitting near the low of the day. I bought some this morning, also. Already underwater (seems to be a recurring theme this month). I didn't think it would be getting hammered this hard with the upbeat commentary and the upcoming dividend raise. Tax loss selling and the ugly market surely isn't helping.
New 52-week lows of note today:
ALTO
ATGN
BGFV
CRWS
CTHR
CUBI
GLGI
GRVY
KODK
LEAT
RVP
STRT
TSLA
AMRK - Here's some more detail:
Analyst Lucas Pipes highlighted, "A-Mark is a vertically integrated wholesaler and retailer of precious metal bullion, bars, coins, and other products. We believe that the company's strategic position across the value chain allows for improved margin performance and expansion opportunities, which are not reflected in its current valuation of just 6.3x 2024 EV/EBITDA and 6.3x 2024 P/E. Our, albeit imperfect, comp group is trading at 9.4x 2024 EV/EBITDA and 8.3x 2024 P/E. The company's margins in the direct-to-consumer segment have been especially impressive, averaging 9.0% in the last two years. This is also the area where we believe A-Mark can still realize the most growth potential with new product offerings in the domestic market and further expansion overseas. On balance, we believe A-Mark's control of critical assets in the value chain is difficult to replicate for any one competitor and that A-Mark will continue to grow its direct-to-consumer and lending segment in new and existing markets. This should drive strong returns for shareholders in most precious metal price environments."
AMRK - A-Mark Precious Metals initiated with a Buy at B. Riley
TheFlyontheWall.com - Dec 16 06:11 EDT
B. Riley analyst Lucas Pipes initiated coverage of A-Mark Precious Metals with a Buy rating and $50 price target.
MIND $.47 - Bought a position in afterhours yesterday. They reported earnings which pretty much stunk. The guidance sounds more promising, though, and with the stock trading way below tangible book value, I think it is worth a shot at this depressed level.
UUU $2.12 - Merger agreement has been terminated. I bought some on the news. The company they were going to merge with had barely any revenue and was losing all kinds of money.
They were going to try to sell their legacy smoke detector business. I wonder what the plan is now?
I think this low-floater (1.75M shares) has good upside from here in the low 2s. Last quarter they had EPS of 9 cents, although most of that was from the employee retention credit. Nice balance sheet and trading close to book value.
I thought a 4 percent yield on a one-month cd was pretty good, and now a one-month cd with a 4.2 percent yield appears from HTLF Bank through A-trade.
AEY - The volume is huge this morning at 583k and counting. I agree that the big seller may be blowing out the last of their shares today. I bought more yesterday afterhours and again this morning.
First Business Bank of WI is offering a one-month 4 percent CD through A-trade. I went on BofA's website, and a one-month CD there yields .03 percent! They should be ashamed!
AEY - Kershner Trading Americas, LLC dropped their holdings from 915,704 shares in late August to 504,016 shares as of yesterday. You gotta wonder if most or all of their selling has been recent.
AEY's stock price has gone from $2.30 intraday on Nov 15 to a close of $1.37 yesterday.
Scary thing is these guys still have over 500k shares left.
AEY - Puzzling decline for sure. Like you, though, I'm taking advantage of the fire sale. I didn't think it would trade down into the 1.60s, or the 1.50s, or the 1.40s, and now the 1.30s. Hopefully we don't see the 1.20s, but if we do, I'll continue accumulating.
ASTC should be the poster child for overpromise and underdeliver. You have to give them credit, though, for raising a boatload of cash during the euphoria. I'm still holding a position. Call me Mr. Gullible.
My bright idea would be to use that cash to acquire a profitable company and sell their technology to anyone willing to buy it.
I've seen these reverse splitters go either way right after the split. Lately it seems like they have been going southbound. They usually don't have premier balance sheets like ASTC, though.
ELTK - Nice stocking stuffer announced this afternoon:
Eltek Declares a Cash Dividend of $0.17 per Share
PR Newswire - Nov 23 16:30 EDT
PETACH-TIKVA, Israel, Nov. 23, 2022 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that its Board of Directors has declared a cash dividend in the amount of US$0.17 per share and in the aggregate an amount of approximately US$1 million.
The dividend is payable on December 19th, 2022, in US dollars, to all of the Company's shareholders of record as of December 12th, 2022.
"We are proud to announce the dividend to be distributed to Eltek's shareholders. We believe this reflects all of the hard work and significant achievements of the Company and its management over the past few years," said Yitzhak Nissan, Chairman of the Board Directors of Eltek.
AEY - I have been accumulating recently, also. I wasn't even aware that they had an active ATM.
PGNT - It would be nice if these guys would do something to get their stock price up like initiating a dividend or uplisting or at least becoming SEC compliant.
The guy with the big hair, Eric Johnston, from Cantor Fitzgerald wasn't too sanguine about the direction of the market either when he appeared yesterday on CNBC:
https://www.cnbc.com/video/2022/11/17/the-market-is-not-adequately-pricing-in-recession-risk-says-cantor-fitzgeralds-eric-johnston.html
When I'm trying to figure out the direction of the market, I usually flip a coin!
Bank rating site - I stumbled upon this website this morning. Company has been around since 1983. Anyway, it might be a good resource in this rising rate environment when many of us are buying CDs. I know there is FDIC insurance, but if a bank goes under, you don't want your money tied up while they sort things out.
https://www.bauerfinancial.com/star-ratings/
I opted for the 1-month CD because I don't want to be in the position where I want to cash a 2-year CD in early only to find there is no market.
It makes sense that a major bank's CD with a longer duration would be more liquid. I just want a written guarantee from T-D Atrade that I'm going to be able to cash out at will. I have a feeling they will not give it to me, though........lol.
I joined you in the 3-month treasuries. Nice that it is exempt from state tax. I'm trying to get my feet wet in this fixed income arena.
Just when you think your life might be a little boring, you start thinking about fixed income investments..........ugh.
I joined all you extreme risk takers and bought some SNOXX (Schwab treasury money fund) recently. It currently yields 2.81%. Today I put in an order for a 1-month Flagstar Bank CD with a 3.9% yield.
I spoke to one of A-Trade's fixed income people. I asked him how liquid the market was for these CDs after they are issued. He said sometimes there will be a buyer and sometimes not.
Does anyone have any experience trying to sell one of these brokered CDs?
EFSH - Had to bail on this one after reading their earnings PR this afternoon......just a little too slimy for me.
Nah, there's way too much value in crypto for it to ever melt down. Ha! Ha! Ha! Ha!
That's funny as hell, Nelson! (eom)
I previously owned TBT ( a bet on higher rates). I eventually threw in the towel. My timing was slightly off by about two years!
There seems to be a much better tone in mini-cap land this morning. Hopefully it lasts for a little while.
INPX $9.11+ $4.33 - Low float junk up sharply. Could it be a harbinger for other low floaters. Only the shadow knows.
PPSI - Pioneer Power contract shows share gains continue, says H.C. Wainwright
TheFlyontheWall.com - Oct 12 11:35 EDT
H.C. Wainwright analyst Amit Dayal reiterates a Buy rating on Pioneer Power Solutions with a $12 price target after the company received an $8M order for its E-Bloc electrical solution from one of the world's largest automakers. The analyst says the contract falls in line with his expectations of Pioneer Power continuing to gain share of the distributed power and power generation equipment market. The deal with a leading global automaker is indicative of the technology and service that Pioneer Power is offering to customers, Dayal tells investors in a research note. The analyst believes the stock "remains underappreciated relative to the continuing improvements in its business fundamentals and significant future growth prospects supported by a highly favorable macro environment for cleaner energy solutions."
PPSI $2.66 - I took on a speculative position this morning. Company just announced a nice order today. Backlog rising nicely. Balance sheet looks pretty good with more cash coming in by the end of the year from a previous divestiture. Relatively small share count. Sexy industry. Its share price has been beaten down like so many others. Last quarter sucked, but things looking better going forward according to management. Haven't done a deep analysis, but so far looks interesting.