Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Someone has been swinging a big stick over the past few days. A 200,000 share buy yesterday, and a 90,000 one right there.
Full 2013 Annual Report is now available on their site: http://www.muel.com/pdfs/AnnualReports/2013MuellerAR3-21-14.pdf
There's been solid buying volume, with last week being the third highest week of volume in the past 5 years. All in the right direction.
I agree with JP that the movement will come. The decrease in volume is definitely due to the momentum players and traders leaving after the end of the huge consistent run. We corrected to .60 and have consolidated in the mid .60s. Without the trader's eyes on it, it takes a bit for news to disseminate.
That being said, people could be concerned about the immediate term effect on revs and income, which is moot in my opinion. International distribution is just ramping up, and while the full scale of the increase in sales isn't clear, I think it's a good bet the company is going to the next level. They are going to start manufacturing in China for distribution in that local market, so I'm guessing volume will be significant enough there.
Seychelle East seems to be even more active with their marketing efforts than the US operations.
https://www.facebook.com/seychelleast
The issue with SYEV has always been visibility. There have never been pumpers of SYEV, which is funny, because it seems like a fantastic candidate for pumping. I'm perfectly alright with that, though. Steady appreciation over time following performance is my MO.
Are you magic?
http://ih.advfn.com/p.php?pid=nmona&article=61653635&symbol=SYEV
Seychelle Reports Japan’s Government Filter Bottle Approval Setting the Stage for 2nd Qtr Earnings Growth with the Sale of ...
Seychelle Environmental Technologies, Inc. (QB) (USOTC:SYEV)
Today : Monday 31 March 2014
Adding New Distributors in China with Local Manufacturing to Reduce Costs
Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles, made several announcements today relating to its marketing and sales programs in Asia.
Carl Palmer, President, Founder and Chairman, stated that “We are pleased to announce that we have received approval from the Ministry of Health in Japan for the sale of our 20 oz, 25 oz and 28 oz advanced portable water filtration bottles that remove chlorine, organics, in-organics, pathogens and radiological contaminants from drinking water – while enhancing pH (alkalinity) to 9.0. Also, we have under government review our drinking water pitcher which will offer the same filtering capabilities – and anticipate approval within the next 30 days.”
Mr. Palmer went on to say that “Japanese consumers have a continuing concern about radioactive elements in their drinking water and food products, primarily Cesium 137, and now, Seychelle under the Fill 2 Pure brand name, is in a prime position to capitalize on this interest and health concern as independent testing has confirmed that we remove up to 99.99% of Cesium 137 and other radioactive contaminants. We anticipate it will be another 45 days to get everything ready for market launch, and we plan, through our Joint Venture partner, to contact retail, catalog, TV, government, military and medical channels of distribution as part of our product introduction, supported with a Public Relations program. We expect that sales will begin in our second fiscal quarter.” Mr. Palmer further said that “We anticipate a very positive reaction in Japan to our product offerings, and expect that it will meaningfully increase our overall revenues and earnings in fiscal 2015.”
In China, there is more important news. Two more distributors are taking on the Fill 2 Pure brand and will be placing orders shortly. It has also been decided to start manufacturing and assembling several of our products in China to reduce costs of handling, freight, import and Customs fees. This will improve our gross profit margins, save shipping time, and enable us to expand the market more efficiently with lower retail pricing. Local manufacturing is expected to start within the next few months.
Dick Parsons, Chief Executive Officer, announced that “We continue to receive growing interest from around the world in the water filtration and purification products we manufacture. In recent months, we have had inquiries from Turkey, Chile, Peru, Thailand, South Korea, Singapore and Malaysia for distributorships or exclusive distribution opportunities. We have concluded a distribution agreement with a company in Turkey, and anticipate that others will be added in the next couple of months.”
Mr. Parsons added that “We are coming closer to the announcement and release of two new products that will open up new distribution channels for the company. Both products will have broad domestic and international consumer appeal, and we expect that they will be available for sale in the second quarter. Finally, we are talking to a potential distribution partner in the US who can take us into big box stores and mass-merchandisers. It could be our own brand or private label. We should know more in the next month as the negotiations continue.”
With Seychelle portable water filtration, consumers can drink, with complete confidence, perfectly filtered water that is great-tasting from a variety of sources – the tap, rivers, streams, ponds or creeks. The regular filter works for water from the tap while the standard and advanced filters are needed for most outdoor uses. The proprietary Seychelle Ionic Adsorption Micron Filtration (IAMF) has been tested extensively by Independent Government Laboratories in the US and throughout the world to strict EPA/ANSI protocols and NSF Standards 42 and 53 by Broward Testing Laboratories.
“Perfectly Filtered Water – Great Taste – Healthier Life”
Note to Investors
This press release may contain certain forward-looking information about the Seychelle’s business prospects/projections. These are based upon good-faith current expectations of Seychelle’s management. Seychelle makes no representation or warranty as to the attainability of such assumptions/projections. Investors are expected to conduct their own investigation with regard to Seychelle. Seychelle assumes no obligation to update the information in this press release. For more information, please visit www.seychelle.com or call (949) 234-1999.
Seychelle Environmental Technologies, Inc.
Dick Parsons, (949) 234-1999
dickparsons@seychelle.com
Lots of good news. I want to see that corporate controller position filled soon, now.
I honestly didn't realize that that type of thing is possible. Is it a generally accepted practice, is there usually a minimum? How do you find out about open funds and closing dates?
Yeah, the developer community is pretty devastated about the acquisition, but I'll be honest, I am optimistic. I trust that it goes deeper than the money for Palmer and the gang. He was on reddit last night answering questions, and I trust his answers. People weren't buying it, but I do.
http://www.reddit.com/user/palmerluckey
I'm actually trying to develop for the Oculus, I think it's a fantastic system. I think that VR is going to be huge in a few years.
You say the VC fund, are you accredited? Was it open to investors? I would have put half my worth into it.
Yes, we should be over $1 soon. There was huge money being thrown into the ask after the earnings, I'm sure there are some deep pockets here, now. Based on top-line growth, we should be at 2, and any visibility will put it there.
Yep, JGPK trades with large spreads and moves up incrementally. One of the things I love about OTC stocks is that no two trade exactly the same. It's strange how large the spreads are sometimes here, although they have been tightening lately.
I don't think we will be held to $1.00 until next quarter. I think that consolidation is happening rapidly here, and we will move up over a buck fairly soon, and then hover over there until the next quarter.
I cleaned up the iBox a bit. No more broken charts and 2007 stats.
Yep, I agree. Plus, only 180 shares were traded at .78 anyways.
Solid bid is rising, traders are taking profits, I think we see $1 soon.
MUEL.. $41.00 +$8.00 +24.24% Great open here after the report.
A $100,000 buy just went through. Impressive.
Hmm, well I'm not personally familiar with IB, but that seems like a pretty arbitrary restriction. I would call them and find out, because it is definitely a broker restriction. In the past, I've had to call in orders when a stock is restricted, maybe that is an option. It's weird they would choose Mueller, though. MUEL used to be a fully reporting company.
Also, a dollar spread and volume of a few hundred shares is deceptive if you are used to watching sub dollar stocks like most of us are, but MUEL is actually pretty liquid if you consider the dollar volume and spread percentage. Much of the past few weeks has seen a spread of 32/33 or 33/34, with daily volume in the tens of thousands of dollars. Translate it to pennies, and it would be a spread of .32/.33 with volume of 80,000. Not bad, really. Even a spread of .32/.35 wouldn't be ridiculous.
I hope you have luck on Monday. The IB restriction seems suspect, hopefully you can work through it.
A good article about Paul and the founding of the company:
http://www.news-leader.com/interactive/article/20140316/BUSINESS04/303160021/Paul-Mueller-Springfield-stainless-steel-tank
He's still around at 98 years old.
To add to what SSK said, on top of the fact that there were extra expenses last year, they improved margins through the entirety of 2013. We will find out more about this in the full annual report, but it could be a turn to profitability in the industrial segment. For a long time, the industrial portion of the company has been weighing on earnings; it hasn't reported a gross profit since 2007. They have been improving since 2010, so this is the year we could see a contribution to income from that large segment.
Not that I'm aware of, other than just its classification as a pink sheet. Through what broker were you trying to buy? There have been no restrictions for me, and I've had issues with other OTCs.
Yes, I think that is a reasonable earnings estimate. Personally, I think that even a conservative valuation puts MUEL at a double digit P/E and a P/S closer to one, considering growth of sales and backlog, international positioning, and potential to return to reporting status and uplisting. That would be a triple.
But we should definitely be going higher. High five.
Haha 5 seconds late on my post. They sure are, did you see that book value?
Big gain on the taxes, but even without it, it would have been a great quarter. Revs came in higher, backlog is still up, I don't know if we can expect this high of earnings in 2014, but the stock is no-brainer half priced at the moment.
You said that a 7 P/E would double it, my calculations say that that is a triple, unless you were excluding the tax gains. I'm considering subscribing to iHub now, join you guys on the VMC board.
Good call, sir. Monday should be fun.
Numbers are out, and they are very good.
http://finance.yahoo.com/news/paul-mueller-company-releases-fourth-224226654.html
P/E just dropped to 2.1
Yeah, that was my thought. Take a look at enterprise software company multiples. Look at CRM at 8.86 P/S and not profitable, ORCL at 4.55 P/S. Look at Castlight debuting its IPO at 300x sales.
And here is JGPK with a .29 P/S and a P/E under 20, with extremely high growth? Any way you set a target, it's going to be low. But I feel like $1.15 is too conservative, if you are at all bullish.
I'll probably take some profit in the mid $1s, but another large customer would make this a $100 million company IMO.
SA article just out: http://seekingalpha.com/article/2102743-jagged-peak-a-potentially-undervalued-play-on-ecommerce-growth
Yessir, I have that exact rule as well. It separates you from the joy and pain of the day to day ups and downs. It also allows you to not feel the need to babysit the stock, makes it comfortable just to hold it.
Yeah I understand that, sometimes it is tempting to lock in a profit in one stock, if you're feeling bad about being in the red in another. When in fact, often the correct decision is the inverse, selling the red and holding the winner.
That's why I try to only hold stocks that I'm relatively comfortable with long term, and not pay too much attention, day to day.
I wouldn't worry about this, it's actually been a good few days. We didn't have solid volume at this level, and there were plenty of people looking to get out here that didn't have an opportunity before. You have to shake out hands at each level before you move tot he next when it's thinly traded like this.
As long as performance continues, the PPS will follow.
Btw, if you ever want to send me a private message, do so to my email: zachbuffett.ihub@gmail.com. I don't have an ihub subscription, and can't reply on here.
It is the debt, but a lot of the PPS depression can be attributed to the attempt and failure of the reverse split-going private transaction. I know that if I were management, I would have wanted to make a deal like that, too. Taking out a large amount of the float, increasing ownership, and saving money on reporting would have been great for them. They just couldn't swing it in the end because of the arbitrage.
So it's taking a little while to weed out all the arbitrageurs. Actually, less time than I thought.
I feel the need to expand on cintrix's good answer
It depends on what you mean by "due to lack of funds." Penny stocks do have a higher volatility, and therefore an opportunity to get a higher return in a shorter period of time, but having only a small amount to invest isn't a reason in itself to start with pennies. You can buy and sell as much or as little $ volume in large cap or nano cap stocks, with the exception of those whose shares are in the $100s.
There have been some huge runs lately in penny land, especially with the MJ stocks, but as someone who is new to pennies, I urge you to be careful. If by "lack of funds" you mean you have only a small amount of extra income in general, I'd be careful. You can just as easily lose those funds as make a large return, and the risk is especially high if you aren't familiar with how these trade. The general idea is only trade with as much as you are willing to lose.
Also, the risk varies from stock to stock, between OTC and pink sheets, and with the varying floats and market maker activity. It takes a bit to get familiar and comfortable, so it may even be helpful to trade on paper first, to get your bearings.
I don't mean to frighten or discourage you, just to give you some perspective. The first "penny stock" I invested in, I lost most of my initial. Luckily, I started small, but I really had no idea what I was doing. Once you get your bearings, it can be much more fun, engaging, and profitable than exchange investing.
Also, you can also get into a trap with "beginner's luck" per se, where the first one is a winner, and it gives you a dangerous false sense of security and confidence. Just keep yourself grounded, and try to learn everything you can.
All just my opinion, but I felt like I needed to expound. Best of luck to you.
It's not a bad position to be in, this run has been pretty impressive. Lot of people want to be shareholders. It's probably worth holding at least some, regardless of your short term opinion on valuation. It seems like there are people who know more than we do...
Numbers look good for JGPK, 15m rev Q4.
Also, that reads like a high difficulty logic puzzle.
Numbers look good, huge 4Q again, over 15m sales.
It would seem likely that we would see earnings AH today, by the company's historical timing, and the recent trend of reporting AH on Fridays. However, this interim CFO period makes it possible we won't see it for a little while. 2010's FY wasn't posted until April, but I doubt we will have to wait until then.
Very good eye, I need to pay more attention.
Here's to a long and prosperous relationship with AB, on top of MC
Same here, except second largest holding. Was long before the rescission, and longer now. This is one where it is easy to see it as a hundred million dollar company. Good group on this board, with good DD. Nice to see the volume today, turned over 4% of the float.
Slow, boring, and steady wins the race in the end. As long as the business keeps improving, the PPS will come in time, no need to worry.
10-K out
http://ih.advfn.com/p.php?pid=nmona&article=61318331
It looks like revs of 235,000 and a net loss of 84,000. Better than Q3 at least. I don't have time right now to dig, but hopefully there are some good indicators about this year.
Tomorrow is MUEL's 45 year anniversary:
March 5, 1969: The Paul Mueller Company went public with an initial offering of 250,000 shares. Funds from the shares were used for capital expenditures at the company’s facilities in Springfield and St. Marys, Canada. The Paul Mueller Company is recognized as one of the leading manufacturers of stainless steel in the world. Springfield Leader & Press
http://www.news-leader.com/article/20140303/NEWS01/303030017/this-week-in-Ozarks-history
45 years later, only a million more shares outstanding. That's impressive.
Good response, I will have to look further into our tax rate, and the contraction of margins last year. Nothing to be concerned about at all, imo though. In the last decade, Q4 is actually the biggest quarter, both in revs and income. Take a look at 2011 for example, even without the tax benefit. There are other years with Q4 contributing as much as 35% to FY revs, and over 50% to income.
I'm actually looking more for further increased backlog again this quarter rather than seeing the revs come in that much higher.
This was inaccurate, there were 240K shares traded in February. A drop of from January, but not the dramatic number I quoted. I don't know why Ameritrade's info was so off when I was looking at it, but it wasn't even close. It did seem like volume dried up, but it didn't that much.
Seeing some large bids trying to grab shares in the low .60s but not much left. Maybe we go back to .70s sooner rather than later. The question is what is the next info we get about distribution.
I never go over 10. My ideal is 5-6. Usually for half of them, my horizon is long term.
I like to have focus, plus my port isn't as large as a lot of you guys'.
Not entirely a trading situation for me, but it's where my money's at.
MUEL may release 4Q earnings as early as the end of this week, I'm in long term because it's a great company, but it's also potentially quite undervalued short term, too. Trailing P/E under 8 with a bad 4Q last year that saw a loss. A good 4Q here could give the company a tiny P/E. 9 months of 2013 generated 9 million in operating cash, and it's got a 40 million market cap.
Why would anyone open a traditional IRA then, is there some other advantage?
RE: The comments about the liquidity of MUEL. Like you said the share price is much higher and a small number of shares is already a large position.
It is deceptively liquid, actually. In a 3% trading range we have seen over 120 thousand dollars of volume in just a few hours. Granted, today is a high volume day, but the spread is never as big as it seems. When you spend your days looking at stocks under $1, a .50 spread naturally seems huge, but relatively it is tight here.
I can't send PM's, as part of my dedication to being cheap. Whenever you want to chat, you should shoot me an email at zachbuffett.ihub@gmail.com.