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I dunno Xena.
Share structure updated on otcmarkets today, I don't think any changes in long time.
500 as
296 os
243M restricted
52M unrestricted
https://www.otcmarkets.com/stock/PERL/security
I don't see anything else new at this time & not much of any volume in quite a long time. But who knows, maybe it'll wake up someday.
That's how it looks, 1.1M in one trade. Good omen imo.
Hopefully an update coming soon but who knows, I've thought that for months! Patience usually pays off in a good one like this. Glta
Good to see it close at 4 again.
Daily vwap 000338.
Cool, glad to see this positive development!
739M o/s
Closed at HOD 0005
52wk high is 0006, maybe breaks it Monday or Tuesday?
Or maybe it falls back asleep, we will have to see!
14.7M on 2s bid vs. 3.5M on 4s ask
Second highest volume day of 2020.
Nice paint job to close it at 2.
Daily vwap was .00037
When I last looked were about 2M on 4s ask and a nice sized bid at 2.
52wk high is a bit over 3cents and it got to that in anticipation alone & Lazar getting things in order. I'm hopeful 3 cents or more gets revisited sooner than later. Glta
Same. Glad I saw it too. All that volume was in just over 30 minutes. Still a waiting game here but I think it'll pan out nicely at some point. Glta
Ask back to .0085 10,000 shares
Bid at .0049 60,000 shares
1,015,555 volume thus far today
52wk high is only 0005
Maybe it'll finally get some traction and run.
Had had good potential for a long time but nothing ever happens much on pps.
Glta
They filed an annual report on 4/27/2020 per Florida sos website.
so that's a positive development.
Website seems to work, not sure if that's new or not.
https://www.earthsurfaces.net
https://www.otcmarkets.com/stock/CCAJ/security
No idea what float is but it's not the 2.28B outstanding imo from watching how it trades.
Imho it'll be back to 40 pretty quick. Markets needed a success story yesterday....and WWE was it.
Zero rev from live events (I think were not very profitable though on house shows) & no gate receipts from ppv and tv events (probably were profitable) for April, probably May, and maybe June too, but I'm not ready to cancel out June yet.
I guess right now the big wildcard is can they maintain network additions from mania. My gut says, yes, mostly. But we will have to see what happens!
I still put money on Vince doing the first large crowd on Earth sooner than later. If there's someone who can figure out how it's him.
Was just looking at the chart and I do not like at all how the accumulation/distribution line looks the last several days and definitely looks like $40 coming back soon.
This is correct, and I stand by that, just hasn't happened yet. I would call that $400 increase a collaborated pump of a cult ticker symbol. By everyone lol. Individuals, banks, fund managers, news outlets, etc. Thus 'cult'.
I left all mutual funds a few weeks before I made that statement & am delighted I did. Most are down 20-30% (or were, certainly has recovered some short term though that may reverse again quite soon, to be determined!!).
Earnings coming up may be good, I can understand the sentiment of that being the case, but I also think spending has contracted significantly. And I just don't understand, ever, a PE of 90 in a climate like this. Or a book of 18. In a major bull market, perhaps, for a short time. But not now.
I see looming legal problems.
The only conspiracy theory is the richest man in the world running the biggest company in the world with many questionable ethics, including the wsj story yesterday about lying to congress. Most papers today are dirt sheets (that's a wrestling term) but I actually trust wsj quite a bit.
There's other problems as well, with taxes, shipping practices, labor practices, and legally, and I see govt potentially taking significant action that severely changes the landscape.
But that's just my take/opinion.
And if I'm wrong I'll come back and say so next quarter.
But in general I think markets are cooked again, and while this ticker held up quite well the first time, I don't think it will the second go round.
It certainly defies logic and all rational thinking.
Call it irrational exuberance, or whatever you like!
It doesn't change the facts.
The numbers don't add up.
It'd be more productive to discuss the items I mentioned, particularly the potential for tremendous legal problems in the near & mid term, and the fundamentals that are flat out outlandish.
As the old saying goes, easier to fool someone than convince them they've been fooled.
Good luck to you as well!
I don't think wall street is evil at all, nor do I have any inherent bias against the company.
I think you missed the point.
The book value and PE are grossly inflated. Let me say that again. The book value (what is it, 18 or so?) and PE are grossly inflated (what is it? 90x?)
That's been a collective effort. Thus I call this a cult ticker symbol. I don't know what earnings will be, but it won't fix that, now or anytime soon.
I also see potential for tremendous legal problems in the near and mid term. And I don't trust the management to respond ethically to such, which will only complicate things.
"Diseased unpredictable humans" is an odd statement you made. And doesn't seem reality based. Is that something you really believe or is it something Mr. Bezos has indoctrinated you to believe? Does that hold true in restaurants? Sporting events? Etc?
There's a reason Amazon isn't on the DJIA.
And if/when someday membership is appropriate, it won't be in its current form, that much is for sure.
Just my 2 cents.
I don't like seeing people lose money but it's going to get very nasty here soon. Irrational exuberance is about to come home to roost...Long in the making.
While the bulk of the problems lie with management and its culture, the mutual fund manager folks who have heavily over relied on this ticker symbol to prop up their funds shoulder plenty of the blame. Including the (generally) fine folks at vanguard, who most certainly know better. (More than 3% of their 'total market fund')
The book value is a small fraction of the stock price.
The definition of a 'cult stock'.
Nasty behavior from all involved.
And now the fall begins...
Certainly just 'my opinion' on things.
And I'd welcome discussion on any of these points on this ticker symbol.
Most things I look at resemble mid February just before the plunge. Circuit breaker day(s) coming soon. JMHO of course. Time will tell. But all the signs are there.
And...Back to 5 zeroes today LOL.
I still think it'll move someday though.
Good earnings report and up 11% afterhours.
Cool, they confirmed no dividend change today. Good omen.
By the next one I might be in long. But picking my spots and hoping for $7 again soon. This is way undervalued. GLta
I think it'll bounce back nicely & won't take a lot of volume to get back above one cent. If/when there's an update could be a few times that quickly. Big time patience play though, I speak from experience here!! Glta
Who knows, we will have to see but I'm hopeful this court date goes smooth. I don't have a ton of shares now but I feel like I'm in the sweet spot of if court is a bust, oh well, if it goes sweet, I'll do great.
Glta, enjoy the ride
Yup! I'll defend him anytime, one of my favorite people.
I haven't been watching aew or any E.
Just old Freelance Wrestling on IWTV and occasionally some old stuff on the network. Some MLW too.
with Georgia opening up I bet it won't be long till someone starts promoting live. Small crowd, masks, I think people would show up but who knows.
But maybe not for a few months.
I still think Vince will run somewhere big sooner than later, first big crowd on Earth.
Cool, good to know. I'll keep an eye on that one to get a (hopefully!!) preview of what might come here. Unrestricted count is about the same though the other one has much bigger a/s.
Would be good to see xnnhq update on otcmarkets, maybe it'll happen soon though I've been anticipating that awhile now!
Glta
https://www.otcmarkets.com/stock/XNNHQ/security
Looks like it did pass now in last couple hours and house will maybe vote Thursday. But Nance will surely pork it up (or ice cream it up) and I would bet it won't pass till next week. Hope I'm wrong.
HBAN fell to $7.80. I'll get back in around $7.
VIX at 45
June Oil at $14.12
July Oil at $20.99
https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Silver at $14.82
Gold at $1688
https://www.kitco.com/charts/livesilver.html
VKM has made a lot of money for a lot of people.
Very easy to take a negative attitude right now but those close to him have always had an attitude of gratitude.
By all metrics the xfl was a big success. Then a global health crisis shut them down. That can't be painted on vince.
The stock had a phenomenal long term run. Long term investors, including those that owned when it was under $10 a share and paying a very nice dividend, did excellent. You don't hold stocks indefinitely. That's not an investment strategy.
He's paid his performers, & other staff, very well over the years and employed many, many people in the auxillary wings.
The wwwf was a small company barely staying afloat. He took it and turned it into Wwf then wwe and made it a global empire.
He transformed the pay per view industry which barely existed when he started using it. The network was revolutionary and he was way ahead of his time in over the top network infrastructure & digitizing content.
He's a tremendous American success story of believing in yourself, investing in yourself, and betting on yourself against all odds.
He's been a pioneer in every sense of the word.
Equities look grim to me & I'm glad I have zero exposure right now. I think the Dow will get pulled tomorrow, 21000 won't hold by Wednesday, & retest of 18500 coming by end of week or early next. We will be back to the circuit breaker routine for a bit. But long term all will be fine. I look forward to buying the regional banks again and maybe even going back into mutual funds eventually.
As to the metals, dunno. Don't know how they will react.
Cash is king.
May oil is free right now.
How does one capitalize on this?!?!
Buy when others are fearful...
$10-$11 is absolutely the lowest can go, no?
$11.48 off 37% at the moment.
XOM?
Vanguard VDE?
PSX?
DVN?
CVX?
This is manipulated and not real imo.
Just like several weeks ago.
Will they pull silver and/or gold again later this week?
Down 30% now to $13/barrel light crude may2020
https://money.cnn.com/data/commodities/
No comprende how this is possible
Is the strategic reserve at 100% capacity?
Build a second one.
This is not normal & reminds me of several weeks ago when it got pulled overnight on a sunday. Silver got pulled a few days later. Trapping bad money? Removing players from the game? No one can produce at $13. Not even the kingdom.
Below $12 now.
I think it will really thrive later this year and the divy will not change. It sounds like they've done excellent on volume of PPP loans. In meantime I think will be volatile somewhat with some days of big green or big red.
At some point I want to take a long term position to hold for years to come but for now I might just go in/out Which I've done twice now with great results!
Cool, thank-u. I am already out though for now at 7.80 earlier this morning. I see it went higher which is awesome but I got 9% which I'm satisfied with!! Will monitor and surely get back in, I think it's one of the best regionals and long term will do excellent!!!
Up 7% after-hours.
The PPP Will Drive Huntington Bancshares Significantly Higher This Year
Huntington Bancshares, like all banks, has been beaten down over the past couple of months.
As the number one lender in SBA loans by volume, the bank stands to benefit a great deal from the Payroll Protection Program.
The PPP is essentially free money for the bank, as it can generate fees from originating and selling the loan.
Further, these loans come with no hit to regulatory capital requirements, so the bank can essentially originate as many as its infrastructure can handle.
Overview
Huntington Bancshares (HBAN) is a $100 billion national bank, headquartered in Ohio. Like every other bank, shares have been hit hard over the past couple of months. For good reason too; the current environment is filled with uncertainty and market conditions are not exactly ideal for banks to thrive.
We've written many articles about banks, and we are bullish on the entire sector. We don't believe that this will be a repeat of the financial crisis. Banks are much more capitalized, have access to ample liquidity from the Fed, and are generally much healthier than compared to pre-crisis.
For this reason, we believe that the market is overly pessimistic in its valuations towards banks. Huntington is no exception. Recency bias is likely coming into play here, as the bank did not fare well during the previous recession. However, the bank has made great strides since, and we believe that the bank is much healthier. It has done a good job of de-risking the loan portfolio, setting concentration limits, and improving underwriting standards. The number one reason we are bullish on Huntington, though, is because of their small business lending program. The bank is the number one SBA lender in volume.
ChartData by YCharts
The Small Business Paycheck Protection Program
A couple of weeks ago, the Small Business Paycheck Protection Program was announced. This program provides forgivable loans to small businesses to pay their employees during the COVID-19 crisis. The loan (1% interest for 2 years) is forgivable for small businesses if they use the proceeds to cover payroll, mortgage interest, rent, and utilities. This is great for small businesses. This is free money for banks.
The SBA is guaranteeing 100% of the loan, which means that the loan carries no credit risk for the bank. According to the interim final rule, these loans
“neutralize the regulatory capital effects of participating in the Federal Reserve's PPP facility because there is no credit or market risk in association with PPP loans pledged to the facility. Consistent with the agencies' current capital rules and the CARES Act requirements, the interim final rule also clarifies that a zero percent risk weight applies to loans covered by the PPP for capital purposes.”
Banks are constrained by capital requirements from a leverage and risk-based perspective. This prevents banks from leveraging their balance sheets to levels that we saw during the financial crisis, and also prevents them from creating a balance sheet filled with credit risk. The interim final rule means that these loans do not count against either of these restraints, and thus the bank can theoretically originate as many of these loans as its infrastructure allows.
Huntington is in a great position to benefit from this program. As the number one SBA lender by volume, the bank already has the infrastructure in place to best handle the large number of applications coming its way. Further, it already has one of the largest customer bases in small business lending. Demand has been so high, that the bank had to temporarily stop taking applications due to the extremely high volume it has received.
Source: Huntington Bank
A Huntington Bank spokeswoman said the bank had received applications totaling over $4 billion in loan requests since the program launched last Friday. The bank has so far secured nearly $2 billion in loan guarantees from the SBA.
The bank is getting compensated through origination fees from the government each time it completes an application. Below is the fee structure:
Source: PPP Lender Information Fact Sheet
It's impossible to break down by loan amount, but let's assume all loans are $2mm or greater and earn a 1% origination fee. The $2 billion in loan guarantees will generate ~$20mm in fee income for the bank. If the bank gets through the $4 billion in applications, that's ~$40mm in fee income for the bank. Further, that's an additional $40mm in interest income for the year.
We believe that this fee income will flow directly to the bottom line. The SBA is not collecting any fees. The bank is not paying for advertising or marketing to drive applications. Likely no additional salary expenses will be incurred as the bank already has infrastructure and can devote more resources to the program. The bank doesn't even need to fund the loans since they don't count toward regulatory capital requirements.
Most importantly though, banks can sell these loans in the secondary market. So essentially, what the bank can do is originate the loan for a fee, and then turn right around and sell the loan for a fee.
At the end of FY2019, Huntington had net income of $1.34 billion. We believe that over the next quarter, the bank could easily generate $150 million through origination fees and loan sales alone. This represents an increase of ~11%, and would boost EPS by $0.14.
The Bottom Line
Huntington is in a great position to take advantage of the Paycheck Protection Program. The fees generated from originating and selling the loan (or the interest income received from holding the loan) is free money to the bank. As the largest SBA lender by volume, we believe that Huntington has an early advantage due to its infrastructure and customer base.
We believe fair value is $18, implying a price to tangible book value of 2.25x. This presents an upside of ~100% given the current share price of $9.03.
Full article at
https://seekingalpha.com/article/4337249-ppp-will-drive-huntington-bancshares-significantly-higher-this-year?source=feed_f&utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated
Probably just for a few days again but will see...at some point I'll hold long. I think tomorrow and Monday will be big green days. But I could be wrong!
The governors of basically the entire service area have teamed up now. don't know if true but heard HBAN has been one of biggest PPP banks. Out of money now they say, but another wave will come thru.
Well ****
Yes, he was absolutely the best.
RIP Howie.
HBAN
Huntington Bank
Back in at $7.15
Went well last time, we'll see how it goes.
Back in again at $7.15
HBAN off another 6-7% today.
Might jump back in at 7.15ish. Might wait.