small investor looking for big life changing gains
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Agreed. Even if RGCO doesn't get a bid, it is very possible that just the M&A will boost stock valuations accordingly. This is a set it and forget it stock, and I reinvest dividends so it will only grow.
Looks that way. Some sort of adjustment might have brought equity down, but at least no loss. Looks like they may have also lowered their employee count if I compare to last quarter. Not sure why the bid is so low.
Yes, but STR was taken over by D, I think it will only be time for this little company to get an offer, but, that's just my hunch.
Yum, sizzle, I think I'd trade this for DENN stock and order a slam.
I'm sure that lots of people holding this bag wish they didn't.
Yup, I've got a large position already, give me a great price and I'll double down at least.
What's with the volume to the downside today?
Another stock that I should have bought yesterday. Such a small cap, you can buy the whole company for about a quarter million?
I'd like to know who the smart money was and what they knew. The fall blindsided me.
A positive:
Smith-Midland Corporation (OTCBB: SMID) announced today that as of December 31, 2015, the Company will be qualified to trade on the OTCQX(R) Best Marketplace, the top tier of the OTC Markets Group.
"We are pleased to be traded among the top 5% of companies on the OTCQX market. The OTCQX market consists of 486 securities of the 9,853 currently traded securities on the over-the-counter ("OTC") markets; of these 486 securities, Smith-Midland is in the OTCQX U.S. Premier tier of which there are only 98 securities. The OTCQX market is for established, investor-focused U.S. and global companies that have met high financial standards, are current in their disclosure and are sponsored by a professional third-party advisor. The companies found on OTCQX are distinguished by the excellence of their operations and diligence with which they convey their qualifications. The Board of Directors and management of Smith-Midland have worked diligently to increase the value of our stock for our investors. We anticipate that reaching OTC Markets Group's highest level of financial and compliance requirements will increase our visibility and allow us to attract more shareholders from a broader investment community," stated Rodney I. Smith, Chairman and CEO of Smith-Midland Corp.
Not happy about that last 4 filing. I own more shares than the Director sold, and I'm not going to put up more money just to let an insider get out. My bids are pulled.
Doesn't make sense to me, except only may prove that they have liquidity issues and need to do it. Nothing but negatives in the narration of this story lately.
Small overlooked utility, but I like it, along with RGCO.
Nice bank at book value and good asset quality. Less than 1MM shares.
It does seem that many of the $100 or die group has done an about face and dumped to get any value they can. Let's see what's behind all that.
No realized losses, that is...
Hate to say it, but I've seen flat tires with more bounce than this.
Now if only it would get cold again. This 70 degree weather just sucks from the store owners to nat gas utilities.
Double down while it doubles over, that's what I always say.
My beef is that they seemed to spend more time trying to offer stock and options to themselves than actually getting drilling results. King turned into a homeless pauper. Don't think there is enough here for even the buzzards to pick at.
Nice unbiased opinion, Tech.
If they couldn't make this happen when oil was 2-3X times higher, it would seem that the issue is with management. If they can't run a company well with the wind behind their back, I don't trust them to run a lemonade stand on the hottest day of the year.
Reading all the posts for the past few years, the only thing that we can take some comfort in is that they too took this near worthless stock in compensation. What was gained here?
Just a long term shareholder randomly voicing frustration on one of her holdings. Ain't nothing much more to lose other than taking a tax loss to offset.
I see there are years of frustrated holders that would also apply the POS label. But you are right on one thing, the weather is too nice to let it get to me.
Sub-penny and still way overvalued. What a POS.
I reluctantly agree with you, along with my realized losses for the year. What else could go wrong?
I did a google search on that GEO report. Their price target is 2X today's price, which seems reasonable based on sales, book and any other metric you may look at. Yesterday's news of 4 pennies in dividends seemed to get some attention today.
The 5 year highway bill puts some uncertainty to rest at least. I think someone said that maybe the age of the directors might make them interested in finding a buyer. They mentioned somewhere that they look for acquisitions that looked right. I was happy to read that because too many companies do deals just to do a deal.
Good luck. 50% down from recent $0.20 seems like a great price.
For such a small company, they sure seem to have a big geographical reach. Work done on the Pope's visit in DC and PA. Highway bill - great stuff, low price.
Still waiting here. Happy Thanksgiving!
RGCO had lower sales, but was profitable. Company is going the right way. If it ever goes back below $20, I'll more than double my position.
I'm opposed to the deal. First, why do they need to raise capital? Is it liquidity issues? Second, they had a clean equity structure, giving preferred stock will complicate the analysis. Third, it gives the CEO control perhaps forever. Forth, what is the risk of them spending the money on something that isn't profitable?
Just random thoughts. Good luck.
I don't know if anyone wanted to get out unless you're one of the lucky ones that bought this below $2 or so I guess. I had to get out because I'm not waiting for a turn around when there is nothing but one disappointment after another each 10-q.
The problem now is whether they have the critical mass to continue their net work providers before they can't offer large enough discounts as larger companies may have now that they have lower enrollments.
The word "liquidity" is the most concerning in this paragraph:
"As discussed in the notes to our condensed consolidated financial statements, in a letter dated October 23, 2015, AmTrust, our largest customer, notified us that it will be terminating the services we provide them effective 60 days from the date of the letter. The loss of this customer and our third-party partner will have a significant negative impact on our revenue, profitability and liquidity until such time as we are able to replace the revenue generated from these customers. With the impending loss of AmTrust business in December 2015, we anticipate UR fees and total revenues will be significantly impacted as early as our fourth fiscal quarter of 2015 and throughout 2016. During the three-month periods ended September 30, 2015 and 2014 UR fees generated from AmTrust were approximately $794,235 and $440,225, respectively."
Waikikian, looks like your question was answered, and how. Odd Lot had a prior post to this that did a great job linking the day around you posted this to the news released yesterday. That was material news, and the volume maybe evidence someone knew something and acted on it. Wonder why PFHO didn't announce that news immediately to everyone in an 8K or something that day?
Thoughts? Anyone?
Odd, great point, and thanks for pointing that out. For a stock that trades almost never, somebody got a heads up it would appear. Call me a sucker, as I think I bought some that day.
SSKILLZ1, PFHO got crushed today for sure, and I guess for good reason. Sometimes things happen even with a great business model and great management. I threw in the towel myself, as I can't find much of a silver lining to cover the pain. I really didn't think I was buying into a turn around story, or a stock where people will soon be looking to salvage their investment for what they can get.
Good luck to those mega-longs, hope it works out, but I'd be in denial to think things are going to get better after a year of disappointments. This is just a disaster except for those maybe that bought below $1. Even there, lots of money was left on the table.
OK, you were right, whether it's dumb luck or not, today's stock performance did it. With the loss of their largest customer, I sold my small stake for a loss today as I see zero investment appeal here for the next year or so now.
Of course things can change, and I have no issues with management or the company, but the crash in the stock price has got to give all the mega-longs here a very bad feeling today. Good luck to those longs, I hope it works out for you all, I think it will, but PFHO wore me out.
Totally agree. Very overlooked, and I think undervalued.
What are the odds that another company may buy RGCO? If PNY can get a nice premium, this little company would only be pocket change I would think?
I don't know the answer to that. There is such a small float, I can't imagine where these shares that have hit the market for over a year now have come from. I wish I had more confidence to buy more.
Somebody wanted out, whether they know about earnings before everyone, who knows? I am cheering on the new 5% holder and hope they make a mint.
Mike, must mean you're doing great when you get an uninformed random attack. Keep up the good work. Last I knew WFCF wasn't anywhere near 0.