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I don't recall GNMK ever reporting BEFORE the market opens...always after the market closes. This has got to be a positive! Thoughts?
Np...thanks.
Excellent update Billy! I would add the following:
1). Dick Heckmann has relinquished his "power" and will now be Chairman of the new company. The acquired company's main guy will now be running HEK, which I believe is a big positive.
2.). UGSI, which HEK owns 7.5% of, does not figure into any financial metrics in that this "pink sheet" company does not report it's financials. The head of UGSI is on the board of HEK, and so is Lou Holtz, both of whom bought stock in HEK in the open market at a cost basis of $3.50, before the company announced its most recent large deal. Lou bought 100,000 shares, Andy Siedal bought much less.
UGSI has been growing 25-30% per annum for over the past 5+ years. Company has a market cap of approx 100 mill.
All excellent points BB! Good to have you here. I'm still surprised there isn't more interest on this board. Wish I could be at the show where GNMK is demonstrating its new products.
Just covered my HEK short from about a month ago and have gone long on the stock. Re UGSI, I'm hoping, like you, that long term believers will finally be rewarded in 2013...but I'm not holding by breath:)
How bout some other comments people? Stock down 10%!!!
Bought my other half at $3.70. Hope stock stabilizes soon after company completes their $150,000,000 debt deal.
Bought 1/2 position around $3.90. Hopefully, I'll buy another 1/2 lower. This is trade only. 2 key dates: stock should spike nov 7 when Romney is announced as our new president (pro fracking), then nov 9 when company announces that deal is completed...
Covered my short this morning! Thank you Dick!!
Wouldn't it be nice to: 1) vote dick heckmann out completely and 2) vote for a name change to the company.
Stock on another tear! Stock should be over $10 by beginning of November. Wouldn't it be nice to have a $12 handle by end of year?
Relax dog! We'll make sure you'll have good solid info so you won't lose money on your 2000 shares.
Yes, that was an outstanding article that gave a great rundown of the history of the company and the opportunities the company sees for the future.
$0.135 bid! Would I love to buy some here. Just put my order in!
How 'bout the shareholder letter? Anyone got it?
It's all about earnings gentlemen. Stock almost down $1.00 since my short initiation. I will cover after they report or once stock hits $3.50 or if Dick Heckmann resigns.
Sorry about the mistake. When Romney becomes president, we'll all be filthy rich. Romney = water and infrastructure spending!!
Accurate info, obamanation. Probably end of quarter/soon end of year tax loss selling. Will 2013 be "the year of the pipe"!
nice opportunity to add to positions or initiate!
Lets see if this stock breaks $4 by the end of the week!
What a story! What a stock!
.50 profit per share in 1 week! Great short...no reason to think of covering yet. Wait till they report...wait for Dick to screw up again. Time to retire, Dick!!
Shorted size last week at avg cost of 4.96. Quarter turning out poor. (remember no guidance). Deal does not close till late Q4. Will cover sometime after next earnings call or at 3.75.
Dick Heckmann is a gambler. He bought a China water company and everyone got excited, stock ran...then he couldn't make it work. Stock got crushed, he sold the company, then he decided to do something different (fracking). It started working, then he couldn't hit the numbers. Stock got crushed. I think this is a great short right here. He will not be able to integrate this deal....and his ego will get the best of him.
The company that owns 7.5% of UGSI (HEK), up 38% today on major merger news. Remember, I told this message board that several directors of HEK were buying stock. Andy Siedal, CEO of UGSI, along with Lou Holtz were two insider buyers of HEK a couple months ago.
Good to have you on board, Cynical!
Disaster! Dick Heckmann obviously is out of control, missing estimates, buying more companies like a drunken sailor...this is not looking pretty. Company needs to get activist shareholder to shake up board, retire Dick and get the true value out of this stock. Where are you activist?
$4 stock by end of month. Quarter should be good. Can't wait for someone to buy these guys!! Dick? Are you listening? Retirement coming soon!
I guess I'm just talking to myself here, but company reports tomorrow and it should be another barn burner. $6 by end of week. $8 by end of year minimum.
my broker says there is a large seller (200K ++) at $0.17 all or none....who's going to be the first to grab this "opportunity"?
Thanks for the Andy update. Business really clicking. Mobile pipe acquisition working out well. Lubrizol JV (Warren Buffett owns this company) could be a real barn burner over time. Andy being a little cautious short-term, but once Romney takes office, UGSI will be raking in the revenue and profits. Go UGSI!
Good info obamination....I didn't think Andy would be doing the same model as us filter...my impression from people that seem to be close to the mgmt, state growth would be internal and NOT acquisition driven...maybe I'm just not "in the loop" enough?
Mobile Pipe...and now this. I'm sure it was paid for out of cash flow? How 'bout a special dividend to shareholders, since most of the loyal UGSI shareholders have been patient for over 5 + years....1 penny/share is all we'd ask for!
Maybe mr. Bond should look at the 7.5% ownership of a pink sheet stock called underground solutions (UGSI). Heavy volume the past several days with news of some sort coming shortly. Andy Seidel, CEO of UGSI, on the board of HEK.
Where is Andy's quarterly update?
Jp Morgan out with overweight rating and $8 price target.
Stock acting well on heavy volume...any news out there?
Hey sewer dog! Good to have you back. You've been accumulating, mmm. Must mean you're up to maybe 1000 shares total? Jackal, I believe is pro life...he just got religious. Andy's quarterly letter coming out soon (I hope)! Probably more of the same...business booming! And no plans to do anything for the shareholders!
Little action today...idiots selling...smart guys like yours truly picked up another 20k!
Last time gnmk did a deal, stock was up about 15% on the day of pricing...doubt it this time. 10 million shares priced at $4.20....love this story...just wished stock would be $15 at this time.