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.
The report attracted no buying attention, so today I sold what was left of my position at an average of $1.09, and my position was no longer very large. I will be looking for an entry point which may be lower (or even could be higher if trading gets more active toward some unanticipated new development taking shape).
I like the company, but its performance seems etched in stone by the arrangements with the fund managers and major creditor. I hope positive earnings works out as they expect, but this seems to me already baked into the share price.
Thankfully, nobody else headed for the exits today so far. But that's a problem with a stock that has few followers.
I look for a major market rally to begin once the elections are over and damage should be slight to the deregulation going forward. In fact, the rally may have already begun, reacting to final polls. Add that to the typical seasonal swoon in September-October and we may have a nice reversal right through January into spring. Lots of opportunity ahead!
Earnings tonight?
Dang. My portfolio keeps jumping between $70k and $95k depending on if it's Bid or Ask last sold. I guess I'm a bit overweight.
I don't like this weakness ahead of 3Q report. It's likely any day now and there is no speculation that I can see that the news will be better than previous management expectations. Still, if the numbers are up, we could see a rally when it's released.
Good place to step in today, so I gave it a try. Buy low.
And just like that, TMPS corrects at the close with a $25 purchase at about the ask!
Only best order of each MM shows up on Level II. Don't forget all the unseen bids between current best bid and oblivion. Level II not really a very good tool.
Not much to be depressed about because of the market.
We are going through midterms jitters where some are fearing Congress will go less business-friendly. Besides, it's October. After these, I side with those who look for a rising market to end the year and beyond.
But the big thing is that I don't feel that PIOE is very connected to the market at large. PIOE's piece of RCP's action is just a small one, and RCP seems very sound.
It looks like someone paid the convenience charge of dumping 40k shares all at once. It appears the price is going to be back to the recent normal.
There is the slim chance that someone knew something and they will be very happy with their $1 by closing today.
Or they want to plunge into something else quick. Or they need to cover a margin call. But for anything else, they should have been selling in small lots, as you have suggested.
Or, of course, they need to raise bail, etc...
What will affect PIOE more? Results or wait?
The third quarter results are expected very soon, and the share price is holding. Maybe good news will set up an uptrend.
On the other hand, it will be a very long wait until the fourth quarter report, and some may want to sell instead of hold. PIOE is a good system for the RCP fund managers and the creditors of PIOE. But I don't see news shaping up for a surprise unless there is an acquisition in the works. The intellectual properties seem to have zero value.
What "insider information"? Serious charge from an often discredited source.
If Scott said that TMPS is trying to land a Navy contract and that these are sometimes announced in October or November, what about that is not the obvious? Scott may not have said this if it instead was only someone's "hunch". But what is "made up" to have such a hunch as this? Is TMPS not trying to land a Navy contract? Does the Navy not announce contracts periodically? Does an extension signal that a delay is in place so that a change can be made?
Sorry I didn't see the sarcasm either. I think we agree.
You might like the T shirt that says "NATIONAL SARCASM SOCIETY... Like We Need Your Support".
Thanks for the attempt at a rational answer to my post. I was merely trying to point out the absurdity of "someone knowing something" about TMPS and then proceeding to pull out a mere $50 based on that "knowledge". It is like knowing the river is flooding and expecting to protect you house with just one sandbag. If someone "knows something" about TMPS, they would use more than a $50 bill to take advantage of their knowledge!
But as to managing risk, you might want a better risk-managing strategy if you make a habit of selling at a bid/ask spread like TMPS has lately. Buying at 14 and selling at 8 is bad news anytime.
Oops, sorry! I didn't refresh my browser to see that there actually was a recent conversation.
Crickets.
A breakout above the 40-cent ceiling may be getting started on the good news.
I am enjoying the uptrend since early September, after enduring MalOne's 8-cent level for awhile. Good to see now that the Bid/Ask is tightening up to only about a one-cent spread. Interest seems to be growing in the stock.
I might be the next one.
But I may wait and see how the next report affects the price. I hope it isn't baked in already, because management's general outlook on anticipated progress has been known for months.
Oh look! It's talking to itself!
Is this the dip to buy on?
My small cap and real estate mutual funds were weak in about the last month. Good gains in the large caps may have been pulling money away from these.
Fortunately, PIOE seems to swim in its own pond.
No September/October bust this year, it appears. But earnings season is just beginning.
My position is "cautious" until the midterms, until it is more clear if we are still in a tax-cutting and deregulation phase.
But it is tempting to make a bet here that Election Day won't change things very much and so be ahead of the relief rally that could set up later on. I like that idea very much because earnings season may also turn out very good in a few weeks.
This, however, will have little effect on the wall paint that we have come to know as PIOE, and its drying speed. But a strong investment market can't be bad, even though the brokers/partners/major-owners/creditors/etc. get first crack at the revenues.
Asleep today! About $200 share volume with a $0.052/$0.14 Bid/Ask!
Opinion wanted: If we get through October with no government contract for TMPS, is it expected that September, 2019 is the next opportunity after that?
Is 14 cents best since July? That's progress!
Breakout soon, from a recent firm higher price.
You have to get in soon if contract rumors are going to start swirling.
Too slow for my somewhat-day-trading account. If I hold this much longer I might start to be called an "investor".
Solid growth here!
A >50% rise. What happened at noon today?
Maybe not having news about earnings or events is understandable.
If there are no arms-length lenders out there, but all debt is with owners' interests, what harm is delay?
However, does anyone know if TMPS has received notice of violation of any related listing requirements in their status within the NASDAQ exchanges?
Seems plausible, Chemist. But I'm not worried after further reflection on this.
(By the way, here is the 5-year lock-up post.)
Just because a 1,000-share sale can push the price up or down by over 10% sometimes, I've also seen big-volume days where the price doesn't move much. So one big seller, if one could even come along, might only temporarily divert the price away from numerous other opinions of what is a fair value.
I would be more concerned with a general trend involving multiple sellers. Causes could be such as expected bad news, revealed bad news, failure to report or communicate, weakness in similar stocks or general market decline.
$1.27 is fine with me, too. In no way do I believe that the shares should be valued based on tangible assets only. I am merely hopeful that as the fund managers, lenders and large investors benefit by growth, the minor shareholders will see some appreciation in value. It appears that the present structure is doing that. It is just hard to see how strong of a foundation the $1.27 is sitting on, or could some reverses hit that number very hard? As usual the stockholders are in a position behind everyone else, and it is hard for me to assess how risky this is and what a big seller could do to the price at any time.
If you follow PIOE closely you know that everything you have just posted is true. Other investors know it as well. With that knowledge, that includes a pretty healthy portion banking on future growth, the price of a share is now worth around $1.20.
The expected ability to pay off or manage the $163 million in debt is included in the share price. So is the fact that 95% of the assets are goodwill and intangibles. And I certainly don't dispute the accounting-- goodwill and intangibles were the correct classifications for what has happened in my opinion.
Like any other stock, the price goes up on increased demand for it. If the company announces better than expected news, et voila! If they put the stock in a place to better inform people about it (such as uplisting or producing positive news releases), there we are again!
The PIOE Balance Sheet is my main concern, but I'm staying in at $1.20.
As of June 30, assets stood at $176,830,000. But if you deduct intangibles & goodwill, the total assets are $9,488,000. Why would I do that? Goodwill is the premium paid for RCP companies that was above the asset values that were taken over. There is nothing "real" behind it unless these assets' book values were below market values. The intangibles are "asset management fund contracts" which apparently will be reduced to zero by 2026 by an annual expense.
On the other side, their liabilities were $163,064,000. They are all very real and the loan and notes payable portion is 95% of this.
So going forward, cash flows from RCP to PIOE are structured to satisfy the debts and make a good return for the lenders. But PIOE has very little in tangible assets. If they were to become pressured, I don't see what PIOE has in RCP that it can tap into. Evidently, RCP is "manager-owned and its principals have made substantial personal investments in both the firm and its investment funds". So it appears to me that PIOE doesn't actually have any way to pull anything out of this except for what the contracts allow them to have.
I admit that having fund managers "own" their own portion of the business is not a whole lot different than owning a factory and paying your employees so much that you can hardly make a profit. Philosophically, I think that's where we may be-- the company is for the employees (or managers) and the stockholders have a back seat somewhere behind them and the creditors. OK, that's perhaps not far from normal, but maybe that's why there's no uplisting and not much news-- lack of priority.
But I'm extremely grateful that ACPW's bankruptcy could sprout into anything resembling this and I will hang in there at this level. Evidently, there was good reason not to just dismiss the ACPW stockholders in the bankruptcy, and perhaps that is what ultimately preserved the NOLs.
I have no idea why the market is saying that all this translates to $1.20 per share and not some other number. Obviously it is all based on anticipated growth of PIOE's assets and not the impairment of the goodwill and intangibles, and whether the income stream leaves anything for the stockholders.
Looks like someone liked your discovery this morning. Congratulations.
September/October slump may be odd this year. I think it started early because everybody expects it, but it didn't amount to much. I see smooth sailing for a few weeks. But then I expect the midterm elections to make people jittery in middle October. However, if we get congressional gridlock I don't think that's enough to bust the market. Bottom line: I see a pretty calm September-October this year.
TMPS went from $0.07 to around double that, and it only took around $10k to do it. This is not big money.
But something may be starting to roll. I would just expect if news is leaking there would be a lot more dollars involved in trades.
Your uncovered information is "news" to us posting here, I assume. It will be interesting to see if it is news enough to anyone else to move the price up.