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My wife and I bought the last two. We invited the neighbors over for burgers and finished one, the other we're saving for pizza night next week.
But it's a very high profile, national business. I remember seeing something on CNN or CNBC specifically about their wine/beer/liquor business. It's a surprisingly large part of their bottom line.
They must have professional people who have checked out this product six ways to Sunday.
Seriously? You think it might be fake?
You're probably right as far as finding a real bottom, but just in case, I might start gradually scaling in on Monday. Looking for at least 10% from here.
Wow, what a picture, what a product. Can you just imagine what that stuff must taste like?
MXWL: Has dropped from the $9's to today's close of $5.79 in two weeks. I've been looking into the situation a bit because it's a solid company (they make very high tech electronics for everything from cars to satellites) and the extent and duration of the downtrend is surprising.
Basically, they made an accounting error, and in an internal audit this error was discovered and made public. It's complicated, but it seems they had some delayed-payment arrangements with various distributors of their electronic parts, but this wasn't communicated clearly to their finance department so it recorded the sales as cash received. About 12 million bucks worth!
But the thing is these sales actually happened, the revenue is not lost, it's just going to be moved from the first three quarters of 2012 to the fourth quarter.
Long story short this drop seems overdone, think I'll buy in on Monday.
MXWL: I've been looking into the situation a bit because it's a solid company and the extent and duration of the downtrend is surprising.
Basically, they made an accounting error, and in an internal audit this error was discovered and made public. It's complicated, but it seems they had some delayed-payment arrangements with various distributors of their electronic parts, but this wasn't communicated clearly to their finance department so it recorded the sales as cash received. About 12 million bucks worth!
But the thing is these sales actually happened, the revenue is not lost, it's just going to be moved from the first three quarters of 2012 to the fourth quarter.
Long story short this drop seems overdone, think I'll buy in on Monday.
Re PCYC, when I said it was going over $100, I meant in 5 - 10 years. Just kidding.
For residential and commercial loans, many banks used to have underwriters and appraisors on their staff, along with all the necessary support folks.
Now most farm it out to companies like WAC for a fee.
Yep, they'll be bought out before they ever get that high, but it emphasizes what I was saying in general, they are a long-term value.
PCYC: Re our conversation this morning, Wedbush put a $165 price target on it!
http://www.benzinga.com/analyst-ratings/analyst-color/13/03/3432565/update-wedbush-raises-pt-on-pharmacyclics-on-ibrutinib-b#
Yep, but when it neared $100 you saw all these people screaming, "Overvalued, overvalued!" but the truth is that it's not, it's a deal.
Fantastic risk/reward. Completely reorganized, turn-around story, Greek economy is rebounding.
Suffering because of the Cyprus story, but that will be settled eventually and then stock will boom. Looking for around $1.50 -$2.
One of the small biotech stories of the decade. A quality small bio, as opposed to a speculative scam. No question it will be a +$100 stock, if it doesn't get bought out first.
PCYC: Looked at it one whole day when it was at $5, said "Nah."
Re NBG: I have so many shares it's ridiculous, any more and I'll have to register with the SEC.
IMHO this is one of those where it's not a question of if but when.
OT:
TTNP: ADCOMM panel votes 10 yes, 4 no on safety and efficacy. So basically they're advising the FDA to approve this product.
Stock should make a pretty decent move when it opens.
TTNP: Here comes the discussion on the biggie, question #5, safety and efficacy.
He's a riot. And more unusually, a knowledgeable riot.
If you've got the time, listen to the panel, it's happening right now. Great theatre.
https://collaboration.fda.gov/pdac32113/
IMHO, not going to be recommended.
Doesn't look like they're going to get to the critical question #5 about safety and efficacy before the market close. Not sure I'd be holding through this!
You are locked in.
I see a knowledgeable and experienced Twitter person saying that there is NO WAY they're going to get to the critical question #5 before market close.
Be careful.
If the ADCOMM is negative, going to be a mad scramble for the door!
CBB was a really traditional phone company, didn't move quickly enough with the times. When they finally realized that wireless was the way to go, they were ten steps behind the national powers.
A new, younger CEO is trying to turn things around.
This is a real puzzler from an analyst report a few weeks ago:
“They evaporated all their free cash flow,” said Raymond James analyst Frank Louthan. “For no apparent reason, it’s just gone.”
Me too. From Long Beach, constantly on the train to the city.
When we go there to visit, their jaws just drop.
I've got 2 grown sons, remarried, now two teenage daughters.
They know they'd have to endure a lecture if they asked for a short ride, so they walk or bike!
All depends on the parents, rich or poor or middle: for the most part, with a few exceptions, solid parents = solid kids.
Older folks always used to bitch to me about the high taxes and the fact that their kids are out of school, why are they still paying for the schools?
I'd tell them that the first-class schools are precisely why your house is worth $500K instead of $200K, and the value is appreciating every year.
As long as the value of a house is appreciating more than the taxes, you're fine--and here they are.
I always looked at it as "multiple income streams." Only way to go.
But it's why young couples want to buy houses here. Ask them why they're moving here, 99% say schools.
Was a high school teacher & coach and a real estate broker and an investor.
Got sick of the HS behavior, went to just real estate and investing.
Retired from retail real estate, just invest in stocks and property.
Former real estate broker here, also long-time property investor: all about location.
I live in a somewhat upscale Midwestern suburb: top schools, pools, parks, libraries, police & fire, etc. Low crime. High taxes, but worth it.
Modest but very nice house, worth about $500K in this market.
The exact same house and lot--no exaggeration--would be $1.5 mil in LA or San Francisco.
HEK: Perhaps OT, but not only is it a good swing trade, IMO within the next two years it'll be at least a $10 stock (they're in a fabulous niche in the energy field) and would be a good stock for anyone's long-term portfolio.
I think so, putting it on the back burner, going to let it ride to 5.
Whatever the solution they've now had plenty of time for some strong input from cooler heads (especially the Russians) and the new plan should be less harebrained. We'll see.
NBG: Not trading today (have to replace a toilet!). NBG will breakout eventually, still holding a boatload.
HEK: Not trading today (have to replace a toilet!), just holding everything including HEK.