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CCS I think part of the reason for the low PE is the high debt level. They are more levered than the comps I looked at. In fact on a EV/EBIT basis they are not that undervalued. I'm not sure what to do with these high debt companies. Many of them seem undervalued, but if the market continues to be risk averse they will continue to sell at low PEs. And of course if the market recovers and CCS hits their projections it could double.
CCS reports
I think this roughly matches the "analyst estimates". Looks nice for a $14 stock.
- Earnings Increased to $0.62 Per Share for Fourth Quarter and $1.88 Per Share for Full Year -
- Home Sales Revenue Grew 106% to $725.4 Million for Full Year -
- Adjusted Homebuilding Gross Margin Percentage Improved to 22.0% for Fourth Quarter -
Read more: http://www.nasdaq.com/press-release/century-communities-reports-fourth-quarter-and-full-year-2015-results-20160218-01070#ixzz40YWljY6g
Added a little CCS into the close - reports after the bell. Good luck.
MEET I don't think this stuff is any different than the rest of the internet. Do a google news search for snapchat for example. All kinds of bad stuff in there. More random pop culture articles, I will give you that. Snapchat had a $10B implied valuation by private equity investors, last I remember. I would say MEET's moral accounting is much more favorable than MLM schemes, to use a familiar example.
re CSPI HPP
HPP Q1 16 Q4 15 Q3 15 Q2 15
Prod 1.95 3.07 1.84 2.53
Serv 0.87 1.61 2.09 0.13
Sales 2.82 4.68 3.93 2.66
Income (0.42) 1.12 0.87 (0.65)
CSPI I'll probably continue to hold as well at least into the easy Q2 comp. Good luck.
S&P at 1810 support, anyone else feeling an afternoon rally? I'm putting money to work -- could be wrong as always
GV - I'll be buying into earnings, but this huge decline makes me wonder where the buyers will show up? 0.9x TBV and it is still weak.
MEET I'm with you as well -- nice find, surprising that it is so cheap. I guess a director took advantage of the January run up and dumped a bunch of shares at $4 which really killed the momentum, then it got caught up in the general market decline. Also one of their VC backers freed up shares to try and sell high. Doubt they would sell in the $2.6s though. Good luck.
OT assault with a deadly weapon lol....at least they haven't lost their sense of humor.
Wasn't there a congressional hearing last week with a bunch of pharma reps, including one who had to plead the fifth in response to questions about drug pricing? Also a lot of the congresspeople in that hearing were Republicans (who at least acted very upset) so this is not just a Democratic effort.
a breakout would be nice...then again so would anything, there hasn't been a single trade for almost 7 weeks
Merger/acquisition, happen*, sorry, on phone
Didn't that merger happy at basically the height of bull market optimism in biotechs? Putting a relative value on rlyp now is kinda like valuing a tech company by the AOL time Warner merger..
Re crude oil TA, If I were a TA trader I would be careful because the price of oil is in no man's land, 13 year lows, and has had little problem blowing through strong support levels along the way with no resistance, with the exception of brief short covering rallies.
I've been asking myself the same thing since about $1.75
re crude oil: Also I don't know if anyone has mentioned the Iran sanctions were lifted last weekend, so they can sell crude internationally now.
GV turns out it was! Too weak, I was wrong. No opinion on where it goes from here.
I'm not so sure the macro environment is unchanged. A lot of the XBI gains were made by companies like VRX and that business model is under a lot more scrutiny now. IMO
UIHC hit the 13s again today. I'm keeping my eye on them. There was big rainfall in so Carolina last q so I would not be surprised if they took a moderate cat loss. I will prob be buying them back at some point this year.
Margin doesn't add any risk when it's backed up by cash in the bank, it's exactly the same as having the cash in ur account and using a stop loss.
OT I agree. Capitalism in its pure form is an elegant system, and the downturns are just as important as the ups because bad debts get wiped out, which allows for new value-add growth. The problem is people only like the good bits of capitalism, not the bad parts where people who make bad decisions get screwed. Also our "capitalist" economy is almost entirely based on artificial, consumerism-driven growth that does not create any real value.
I could go on but I don't want to clog the board with my economic ramblings :)
This is a very interesting time to be in the market. Over the last few years everyone has been making money regardless of what they buy due to huge cash inflows into stocks. Pretty boring right? Well in the last month we have seen, in my opinion, a big change there, as all stocks are seeing outflows on a more or less equal basis, though obviously some higher leverage stocks have seen bigger drops. My experience in August was not like this, some may disagree on that. Also the US stock market seems to be acting as a proxy for the casino-like Chinese stock market and oil markets. I've been liquidating my lower conviction positions and moving into a few core positions.
Everything here is only an opinion and should be taken as seriously as any other opinion you read on the internet.
A January hurricane, that's very cool. Although supposedly El nino tends to reduce atlantic hurricane activity.
Nice internet debate tactics, I'm not playing this game with you. Feel free to respond to what i actually said in a respectful way.
Well you're a complete idiot, thanks for making that clear
Could also be trolling
Makes me wonder why you're still on this board and not retired if you are so certain. You could have made many multiples on your initial investment if you predicted the oil crash. Truth is no one knows where oil is going.
NRZ new lows time to buy back? I know this is a classic internet BS line, but I was fortunate to sell these guys earlier on relative strength to move money into other beaten down names (which also went down so it was a wash).
There goes 1900 support in the S&P, hopefully this is capitulation. Cool time to be in the market :)
I don't think there's anything wrong with such a product, in principle. The problem is it would have big expenses due to transportation, storage, management, etc., which would be approximated by the cantango in the futures market.
I'm not a commodities investor but I think most commodity investment is done with futures for these reasons.
If you buy oil on the spot market you have to move it and store it somewhere (or pay someone else to do it). I believe the prices are correct. At current prices you would need a commercial tank truck and similarly sized storage vessel to make only a $5k-10k investment.
Makes me wonder why you feel like you need to promote bad stocks on our board? With crap DD?
See, your problem no one on this board is dumb enough to believe the LPTH move was based on fundamentals
LOL I just love being told to read reports by folks like you. Good luck scamming bad day traders.
How far do you think these guys will crash when they post an enormous loss on revaluation of warrants due to the share price increase? I would be suprised if they didn't gap down by 25%. Over/under for me would be 33%.
By the way your DD is crap and will only work on momo boards.
Hmm, I gotta say I don't understand the market's negative reaction here. All numbers look good for stocks, at least to me. payrolls up, hourly earnings flat, interest rates down, USD stable, China stable. I would be buying here. All imply strong earnings and low interest rates.
OT re the FED, it's 100% logical according to their bad academic economic theories. Inflation must follow from full unemployment -- so even if there's no inflation we have to raise rates (or redefine inflation). It will be funny when they have to reverse the rate hike. I guess the 1970s proved nothing about the relationship between employment and inflation to these guys. We basically have the opposite of the 1970s right now.
It's certainly fun to speculate about a disaster scenario in which the exchange is unable to function due to a quick drop in market prices that can't be matched by the exchange due to the circuit breaker. If I were a Chinese insider I would definitely be looking to sell before the government makes it totally illegal.
Remarkable -- Chinese stocks hit first circuit breaker at -5% in 15 minutes, resumed trading after 10 minutes and then stopped out for the day at -7% like 5 minutes later. S&P futures down 1%. WTI Oil in $32s
Apparently part of the problem is the 6 month ban on insider selling expires Jan 8th,
@hweb Re amortization expense
I agree. If they are acquiring patented drugs then there is a real depreciation expense that must be deducted from earnings. This is approximated by their amortization charge. And if they are buying generic drugs I gotta wonder what makes the brand so valuable. These pharmas are supported by pure air .. see valeant.