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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.
NSYS - I added some today, also. Lots of beaten down stocks out there. I'm slowly accumulating the stuff I like. I'm always amazed at how stocks often go higher and lower than you ever think they will.
TSRI - Nice quarter for sure especially when you consider in the previous quarter (Q4), they had EPS of .15 and paid no taxes. This quarter they had EPS of .22 and paid taxes at a 30 percent rate. What did you think of the guidance?
Talkin' low-float stocks way back in 2005:
https://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardid=3251&searchstr=low+float&srchyr=2005
I have been accumulating during this downturn. My current holdings of beaten and battered low floaters:
AWX
BAOS
COHN
EFSH
ELTK
HIHO
HOUR
MARPS
MDJH
MICS
MXC
NSYS
PEV
PFIN
SNTG
STG
TSRI
WAFU
WHLM
TSSI - Love is a many-splendored thing! (eom)
When there seems to be another bloodbath always coming to a theater near you! That's a great summation of the current market, SSKILLZ. You gotta keep your sense of humor in a market like this!
The Valley of Tears - I have heard that there is a population explosion down there. You can't even find an apartment to rent. People are setting up tents. On the bright side, there is no shortage of water.
I have a lot of cash sitting around. I'm buying a little here and there, but the market and economy just seem so funky right now, that I'm not overly enthused about buying anything.
MICS - I thought the report sounded pretty good with a mitigating factor being the Walmart rollout is a one-time thing, and this last line of the PR sounds a little ominous to me:
TAIT - I noticed that other expense investment loss last night, also. I had some orders in today, but they were obviously too low. I didn't want to pay up, since usually you don't have to with this one. Not sure on the tax situation either. A good question for the CFO.
Nice job, Gilead. Here's a blast from the past:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159754946&txt2find=rcmt
RCMT - I sold my last little bit today, also. A well-functioning crystal ball would have come in mighty handy with this one, as it was trading at less than 2 bucks a share for a good part of 2020.
RCMT - Odd 8-K out after market close. I don't think I've ever seen an ATM offering and a share buyback authorization in the same 8-K. I understand they're not going to be happening at the same time, but it just looks strange to be putting the announcements in the same 8-K.
https://www.sec.gov/Archives/edgar/data/0000700841/000143774922020132/rcmt20220809_8k.htm
AEY - I remember being on the wrong end of one such move, and it was not pleasant! Could get interesting tomorrow. This is the second quarter in a row of big improvements on the top and bottom line. Maybe they are rounding into form like Sea Biscuit.
AEY really flying on finally breaking into profitability:
https://www.globenewswire.com/news-release/2022/08/11/2497161/0/en/ADDvantage-Technologies-Reports-63-Revenue-Increase-to-a-Record-of-27-8-million-Net-Income-of-875-000-for-the-Third-Quarter-of-Fiscal-2022.html
RCMT - I bought more this morning, also. This blurb from the PR sounds pretty good: