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.
Lentinman
I think you have a typo in your list. I believe PRI should be DRI. DRI is one of my picks and by my calculation it is up by 64.6% ytd.
UFPT
Reports .19 versus analyst expectations of .19.
abh3vt re:SILC
After the call, I ran some rough calculations and determined that the Company made roughly .14 in eps (excluding the 150k one time expense)from the Non-Asia regions. Non-Asia sales declined by roughly 2% year over year.
With $5 per share in cash and .14 in eps from the Non-Asia regions, I would still consider the Company a value at it's current price.
If the growth in China can offset the slow down in the other regions, the Company should be able to continue to generate earnings of .25 per quarter.
SPAR
The stock has made a nice move subsequent to a lackluster response on the day of earnings. Did anyone jump in below $8. If so, what kind of target have you set?
SILC CC
I had a chance to listen to the CC. Management doesn't provide guidance, but they made several comments regarding concerns over macro factors that could potentially slow sales particularly in the United States. They are basing these comments off of the press releases of their customers and conversations with their customers.
Offsetting potential US slowing, however, is the potential for growth from China. They entered this market during the first quarter, and they expect additional orders in the future, and they are working to add new customers.
They are in conversations with another company regarding a potential acquisition.
They haven't ruled out a share buyback, and they will revisit this issue if circumstances merit.
In conclusion, other than concerns over macro issues their was nothing too alarming. With cash per share in excess of $5, yesterdays 25% haircut seems a bit extreme.
SILC
Anyone nibbling on SILC. The stock is down significantly after reporting inline earnings. I haven't had a chance to listen the CC, so I'm not sure what to think of the stock price reaction.
SILC
Reported eps of .26 for the quarter. The company has over $5 per share in cash and marketable securities and closed Friday at $13.43.
bunky Re:CSGH.OB
No.
MikeS97707
I never said that you weren't aware, but no one had presented these facts. I would have stayed away from this board until I was brought into this by some of the posters on this board. I hope everyone does well with this stock, but balanced DD requires an analysis of the pluses and the minuses.
rawnoc
You posted:
Total volume today... 675,800 so far
Your response to Mike's absolutely brilliant DD -- 75,000 shares in dilution in 2004
Question for you -- do you have a book too or just a video?
Is this your extent of knowing all about what I'm talking about?
Rawnoc
You posted
You don't think Mike and I have noticed all of your "concerns" yet you think you have all the answers after 3 minutes of DD?
What does that say that my 3 minutes of due diligence brought up something you had no clue about?
rawnoc
I hope it does turn in to a winner. I may be an investor in the future. I wouldn't be DD this stock if I thought it had no merit, but attacking me will have no relevance as to the future performance of the stock.
The Company has some issues from a cash flow and capital perspective. Ignoring those facts may be costly.
Rawnoc
That's your prerogative if you don't care about a Company that is paying 170k (excluding interest) annually to carry 430k in notes.
KIK re:REPR
FYI by my calculation the fully diluted share count as of 3rd quarter is roughly 35.5m for the 3rd quarter. Thus, eps were roughly .0017. It is hard to see how that rounds to .01.
The 2nd and 3rd quaters also benefited from a low charge related to carrying the long term notes. The 1st and 4th quarters get a much larger charge related to those notes, so everyone should be aware of that when attempting to project eps.
Rawnoc
You're way off my friend. Those 430k notes are costing the company roughly 170k on an annual basis and that is a recurring expense that doesn't include interest. As the share price goes up that expense is going up as well.
BRIG_88
Your message:
not a problem...be sure to check back with us when the share price is through the roof...please bring some more value board gems with you....perhaps one of you will find out a janitor at REPR took 1 more vacation day than he was authorized.....BRIG
Did you mean the share count or share price going up? It's always wise to attack the messenger and ignore the facts.
Just an FYI regarding those obscure notes issued back in 2004 and 2005 that the Company is still carrying on it's balance sheet. By my calculation they've led to the issuance of at least 6.8 million shares over the past four years. Assuming an average share price of .1 that equates to $680,000 cost to the Company to carry 430,000 in debt and that doesn't count the cost of interest.
The beauty of those notes is that they keep getting more shares on an annual/quarterly basis (roughtly 1.7m shares annually) until they're retired. That's a pretty hefty cost of capital, but what do I know I'm just a fool.
Additionally, the recognition of that cost of capital is lumpy on a quarterly basis. The last quarter was well below average, so if you're attempting to annualize the 3rd quater results you might want to factor that into you projections.
BRIG_88
Thanks for the love.
Follow up re: REPR
The company is carrying two agreements with note holders that require them to issues shares to the noteholders based on the balance of the notes outstanding as of certain dates.
During the period February 2004 to May 2005,
the Company borrowed $405,000 from several
individuals. These loans mature between March
30, 2009 and 2010 and bear interest at a rate
of 2% over the prime-lending rate. As incentive
to make the loans, the Company agreed to grant
4 shares of its common stock immediately to
each of the note holders and, commencing on the
yearly anniversary date, four shares of common
stock for each dollar of unpaid principal.
In April 2004, the Company borrowed $25,000
from three individuals, including $10,000 from
the President, at 2% over the prime-lending
rate. These loans mature June 30, 2008. As an
additional incentive to make the loans, the
Company agreed to grant one share of its common
stock for each dollar of indebtedness
outstanding at each calendar quarter. As of
February 28, 2007, 75,000 shares of common
stock are to be issued to these note holders.
MikeS97707 re:REPR
This may very well be a turning point for Repro-Med. The Freedom60, however, is not a new product. They do appear to be benefiting from the Medicare clarification and SCIG market growth. Their track record for growth over the past five years is not impressive, so it may take a bit more time to see if this growth is sustainable.
I think it would also be prudent to factor in dilution when forecasting future earnings per share. The basic shares outstanding from 2004 to YTD 2008 are as follows: 24.5, 26.0, 29, 31, 32.8.
MikeS re:REPR
A couple of items I noticed:
-They don't have a healthy balance sheet. They have negative equity and negative cash flows from operations. Assuming they do achieve your growth targets, they may very well be forced to raise capital to fund both working capital and cap ex expenditures.
-It appears they have fully depreciated their assets and they have made minimal capital expenditures over the past five years. Thus, they are long over due for capital improvements.
SPAR
The company reported .45 versus analyst estimates of .28. Backlogs were down on a year over year basis by 5.1% and 29.9% sequentially. The company did, however, receive a large order in April totaling $45m.
Factoring in the April order, the backlogs don't look quite as disappointing. The stock may be a good risk under $8.
researcher59 re: DIT
I was impressed with the gross margin for the quarter. I've picked up some shares as well.
stanley01 re:csgh
One problem I have with this Company is that SGA expenses went from 594,981 in the prior year quarter and 518,765 in the prior quater to 9,706 in the current quarter. They gave the following explanation,
General and administrative expenses for the three months ended February 29, 2008 were $9,706, a decrease of $585,275 or 98% from $594,981 for the comparable period in 2007. The decrease was primarily attributable to the stricter expense control.
What did they do, shut down the company for the third quarter?
They also recorded a 574,190 recovery on bad debts, so eps weren't quiet as strong as they appear.
bigpike
I've speculated the same thing myself. I've often wondered if market makers get caught in a short position on an illiquid stock and then they convince brokers like Ameritrade to restrict orders so they can work off their short position.
wadegarret re:PRLS
Given that fact that they sold substantially all of their intellectual property and other assets to Kyocera the current earnings are somewhat irrelevant. Valuing the Company today is difficult because it is dependent on the success of future acquisitions.
GPRE any opinions?
http://biz.yahoo.com/iw/080410/0385421.html
Green Plains is an ethanol producer. I'm not sure what to think about the industry, but they produced a pretty strong quarter for a $10 stock. They reported eps of 1.37, but that included 6.7 million in gains on commodity derivatives and a deferred tax benefit of 2.8 million. Excluding those items and assuming a 40% tax rate, I calculate eps of .41 (using 7.8m shares as of 4/4/08).
The lone analyst estimate was for -.10 for the quarter. They have a new plant coming on line in the second quarter.
The CEO and an a VP have made some recent open market buys in the the 9-10 range.
abh
I know what it is. It has been my number one holding for some time and my top pick in the Hank contest.
2morrowsGains re: Wash sale rules
On December 20, 2007 the IRS issued an advance copy of Rev. Rul. 2008-5, 2008-3 I.R.B. ___ (1/22/08), which applies the §1091 wash sale rules where a taxpayer sells stock or securities at a loss and then causes his/her IRA to purchase substantially identical stock or securities within thirty days. As a result, the loss on the sale is disallowed and the taxpayer's basis in the IRA is not increased.
researcher re:UTVG
Please ignore my previous questions re: margins, due to the fact that they were based on a bad comparison of the original 10q for the third quarter as opposed to the amended 10q.
sskillz1-I pulled it off a news wire summary for the stock.
I just looked at the sec filings and I see that they issued an amended 10q for the 3rd quarter which adjusted the revenues down from the original filing, so it appears that your numbers are correct. Sorry for the confusion.
researcher59 re:UTVG
Thanks for clearing that up. I currently don't own UTVG, so I haven't been following it too closely.
It appears that they fell well short of analyst expectations for revenues in the 4th quarter (appox. $10m v. $15m). Gross margins were considerably higher then the 3rd quarter which contributed to the strong eps. I wonder why margins were so strong given the lower than expected revenues? I wonder if margins were impacted by 4th quarter adjustments?
networm re:utvg
Where are you getting .09? By my calculation they reported .11 for the 4th quarter, but I haven't looked into the detail.
2morrowsGains
Did anyone address the provision for doubtful accounts on the CC? It appears to me that they reduced the provision from 3.629M YTD through the first nine months to 1.512M as of year end. Therefore, it looks like the 4th quarter had a 2.12M benefit (appox. .16 net of tax) from the reduction in the provision from doubtful accounts.
hweb2 re: airt
I've been adding some shares in the premarket.
JST- continues to execute.
JST provided a business update. They provided guidance of diluted EPS of approximately $1.79 to $1.85 for 2007. This equates to eps of .57 to .63 for the 4th quarter.
http://biz.yahoo.com/prnews/080124/nyth028.html?.v=101
TCCO.ob
I don't hold the stock, but I do think the near term outlook looks positive, and based on the volume/price spike it does appear that good results may be coming.
One thing that I find a bit surprising is that with such high volume and low share count. I'm surprised it hasn't gone higher. Who's suppling all of these shares?
hweb2 re:etec
The 8k was to report the issuance of a press release. Thus, it should either show up soon, or they are using a non-traditional source for distribution.
lentinman,
This is just my opinion, but changing the rules after people have made their picks diminishes the integrity of the contest. These changes would have very likely altered people's choices.
researcher re:SUOT
I agree that their explanation makes sense, but you would think that they would have looked at the footnote and realized that the footnote specifically addresses costs of goods sold associated with purchases from related parties. Their response shouldn't have been to stand behind it as written.
abh3vt re:SUOT
Per Note 4:
Costs of revenue associated with purchases from related parties for the three months ended September 30, 2007 and 2006 were $36,179,673 and $39,479,868, respectively.
Costs of revenue is specific to costs of goods sold which is what is reported in the income statement.
Either way the footnote is still incorrect because it should state that purchases from related parties were x as opposed to cost of revenues associated with purchases from related parties.
It is nice that they responded, but disappointing that they don't recognize the difference.