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.
Only thing on my watch list that is up is SUF, am I'm not in it. Patience and DD is key!
Yup, key right now is finding value, and patience.
Just looked over at my watchlist and this is the first time in a long time that every single stock I was watching is red.
On a positive note, looks like I might get filled at .006!
Git outta here Cornell, you bloodsucking leeches.
Lots of new posters here and also on Yahoo. Amazed at the interest stirring around this.
And yes, I think this will be dollars sooner or later. Probably later than most everyone but a few will hang around for, but dollars none the less.
LOW, don't really care what happens in a few weeks or months. Two kids in college in 3~4 years and while I don't have enough to matter if I lost every last bit of it, I really believe there's about a 50 percent chance of Tom & co paying for it.
Good insight BTW with the charts, daytraded for a year or so. Never smoked so many cigarettes in my freakin life while I was doing it. Something about seeing the equivalent of your entire 30 year mortgage riding on a 2 minute trade really freaks my wife out.
Don't mind tellin ya, I hope that little filing today scares some shares up for me on the cheap. If that could happen and Atrade could release my funds in the same day I'd be in for two-thirds more than I've got now.
Maybe all that willy-nilly stuff about going concerns, cornell, and highgate will bring it back down to low .005s and scare the crap outta the flippers. If not, guess I'll have to get all of me on board soon as Aturd quits abusing my funds for their own benefit whatever the pps.
I really like how Tom just put it all out there, right up front in the filing because that's how it was on June 30. It's the DD'ers and long-term investors (a year or more) here who'll make the real cash.
Bring it ON, I'm ready to rumble! (well, almost).
no, it is not new.
I believe I specifically asked that this not move any higher until I completed my additions!
Getting to be where a guy just can't get any support nowadays. lol.
Especially if one doesn't understand where it came from.
So that would put current P/E at 4. 500k/369 million shares, right?
And that is worst case scenario I think? Without Hacketts, whom I think has better margins, reputation, and sales most certainly else why the interest.
For one thing, personally I think their intent is to build this chain then sell it. At what point nobody knows except the board. So a 10 store chain might sell at what multiple of sales? A 40 store chain? A 100 store chain?
Gee whiz folks, take a breather.
Give it a rest every now and then, you just beat the same old crap over and over and over.
Sorry if it doesn't fit into your timeframe, most things seldom do, especially stocks. Won't post any cliches, but if you're so freakin uptight about a day or a week's trading then sell it and move on because you've obviously bought something that doesn't fit into your trading style. No different than trying to fit into a pair of 34 dockers when you're a size 36. It'll just make you uncomfortable and still piss you off because they'll be the same size when you take them off.
Everyone who wishes to make lots of money here (and I mean LOTS) needs to broaden their horizons, reduce their expectations, and go spend some time with their families and let capitalism take it's course. Chill and take your kids to a movie or take your wife out to eat or something. Go mow the freakin yard for crying out loud.
Put yourself a limit sell or buy (don't recommend a stop with pennies but suit yourself) and whatever happens, happens. If you've invested more than you can afford to lose, then you need to get it to a level that is less stressful. Ain't nobody gonna talk over your casket about what stocks you owned, and if they did, nobody's gonna remember it.
You're just too EASY. LOL.
EPS boohya stuff, is this a good buy?
OK, we've batted around the share counts, put Cornell and co into a corner, whined and moaned about this that and the other, how about some EPS guesstimates.
For my personal rules, I assumed that the O/S as mentioned in the PR about Cornell converting remains at 369 million.
Here goes, I figure Wisebuys paid off 1.3 million in debt from 2003 to 2007. I assume that worst case scenario (especially since I am buying more shares, lol), that they used every bit of profit to pay off the debt. So, 1.3 million divided by 4 years comes out to $325,000 per year, or about $65,000 per store profit.
Before the Hacketts deal, I figure that we've got $325,000 in profit divided by 369 million shares which comes to .0009. Today's close of .0052/.0009 is a PE of 5.7.
That said, I want to point out that 1.3 million divided by the 35 million in stated revenues since inception is only 3.7 percent.
Now I doubt very seriously that every bit of profit was put toward the debt, I assumed much, there's a heckuva lot we don't know, and I figure I'm about an eighth of what is actually is. Including the Hackett's brand, probably a tenth or less of what it will be.
So, everybody guess at what you think the EPS will be. Think I've come up with the worst case scenario, however if anyone wants to top it, I need more shares, LOL.
I'd say he was right. Probably knew a lot about patience too.
COME ON DOWN!
I think everyone should sell all their shares no limit, just get out from under this terrible monster that Tom has created.
Finished for the time being anyway.
I think it's waiting on me to buy more. I'll be finished on Thursday. LOL.
I figure most everyone here has about half the shares they say they have.
I also figure that in a year when I post that I have been in SVCC since inception, everyone will think I'm nuts.
I pretty much agree with most all that. Just don't let it run until next Friday, I'm gonna double down on Thursday I think or as soon as Aturd lets my funds loose.
It's easy to succeed in any market, you just have to do your DD. Not directed at you ti, just everyone.
I thought it amazing that the NAZ only received 5,000 complaints a year. That's only 96 a week, a pitifully low number. Hell, I'd damn near volunteer to work at the SEC, think it would be a blast! Nothing like having someone do a job because they like it instead of drawing some taxpayer monies.
Well, you're bigger than me. 215k shares here.
EVERYTHING depends on what you do with them however. You hold em, and you'll find you make more long term than the flipper trying to flip 500k. Sooner or later, flippers get locked out of the house, wait and see...
Well this is what I'm looking for Doc.
About 45 or so stores in 7 years, $220 million in revenues and $30 million in EBITDA. A 35 percent decrease in the O/S and a P/E of about 9. An eps of about .11, a choice about whether going to the NAZ, a couple of buyout offers on the table, eventually they'll accept one. They'll take those funds and fund a new startup, or enter another segment.
Some willy~nilly speculation, but nobody knows for sure.
Doesn't matter to me what everyone does, I've already stated that I'm here for the long, long haul, probably much longer than most anyone else here so I guess you could put me in the pact pro forma.
One day I'll post here and say that I've been in GSCR/SVCC since inception and everyone will say "Yeah right!"
Things are lining up nicely, but extreme patience is required here. Tom and Co built 5 stores from 1.4 million in SBA funds then paid off the debt out of cash flow in 2 years.
Patience grasshopper!
Anyone who had invested 10k in Walmart in 1970 you would be a millionaire several times over. Anyone who could see that Sam Walton was a smart operator at the time would be very well off.
I think these guys/gals are smart operators. To what extent they run it, only time will tell. Me, I'm buying with the intent to hold until I retire in 20 years. Not into the flipping very much, but shucks I might flip a couple of times along the way, like when we get to 4 bucks or so. I figure 5k of this might be worth 500k in ten years so I ain't skeered of Cornell, only puzzled by their short sightedness.
Don't let the willy nilly day to day stuff bother you...it's all irrelevant in the long term and that is what matters. Folks keep flipping this and sooner or later, they'll find themselves on the sidelines watching the game.
Well I'm pissed too! I'm pissed that they won't take it down more so I can buy more shares fo my money!
Other than that, it's all good. Most of these folks won't be here in 6 months or so anyway. That's when it'll get real exciting. Until then, just biding my time!
NSS - DTCC
Hey everyone, I saw someone mention the DTCC and I thought I would post these links, pretty interesting reading.
Pretty much an SHO designation does nothing to force the NSS to close, it only prevents more shorting until shares are available to borrow (which I take to mean that a NSS position can last indefinitely at the moment).
This excerpt from the first link:
"Thompson: The markets check to see if the amount of fails to deliver is more than 1/2 of 1% of the total outstanding shares in that security. If it is, then it goes on a Threshold List. If it is then on the Threshold List for 13 consecutive settlement days, restrictions on short selling then apply. The close-out requirement forces a participant of a registered clearing agency to close out any fail to deliver position in a threshold security that has remained for 13 consecutive settlement days by purchasing securities of like kind and quantity. If the participant does not take action to close out the open fail to deliver position, the participant is prohibited from making further short sales in that security without first borrowing or arranging to borrow the security. Even market makers are not exempt from this requirement.
@dtcc: So Reg SHO doesnt force them to close out the position, but if they don't, they are prohibited from making any additional short sales without borrowing the shares first?
Thompson: That's right."
http://www.dtcc.com/news/newsletters/dtcc/2005/mar/naked_short_selling.php
This about public trade failure data.
http://www.dtcc.com/news/press/releases/2007/trade_failure_data.php
Unfortunately, I think lots of folks still associate this with the GSHF companies. The cusip and name change should bring a lot more attention and a lot more money I think. Wouldn't be surprised to see it move above .03 in one session.
I have NO time frame, other than before I retire. Patience is a relative concept. I wouldn't mind if it traded this way for another year, just means I can buy more along the way.
That's allright Doc, there'll always be whiners, no matter the pps. They'll whine about everything, but this is a great company and the pps is going up, whining all the way.
I'm tickled it's down. Been investing long enough to know where this is headed and with more funds free, I absolutely love it! Good post BTW!
Say HI to Iggy!
Close .0073 I think.
Gotta pay to play! Cheap shares are hard to get.
Big share sells the other day. One of two things happened. Either the MM piled up all the retail buys to lump together and match the Cornell sells, or (possibly) someone else bought them.
I know it doesn't ever, ever happen and tutes don't buy pennies, but just suppose we were to wake up and find that a tute had bought a third of the float. Tom and DeDe have impeccable credentials and no doubt many contacts.
Just hypothesizing here...but you never know....at least until you see the SEC filings at the end of the quarter. We ran awful low volume on Friday for a 365 million float....
But Fish in the long run none of that matters. Let them play it at will, no worries here.
I'm just figuring based on the SBA repayment that each store made at least $100k a year bottom line and that the team invested ALL of the bottom line in order to pay the loan back. That being said 10 Hacketts would probably make around $1 million a year bottom line without any increased sales, margins, or elimination of operational redundancies.
I really think the numbers are much higher than that, but I try not to assume very much any more.
I think that this is still virtually unknown to most of the investing world and that once it gets on folks radar with 4 quarters of numbers then we are set to really run. And I think that Tom will be reducing the float to some degree over the next year so I anticipate a market cap of about 50 million or so in a year. Depending on the float, maybe .14 to .40 or so and I think that's conservative. I think the Hacketts name will add some value to the current Wisebuys stores and the combination will probably improve margins a bit. Who knows, in two years we might have 20 stores and a $150 million market cap. Only time will tell, but I'm in no hurry to trade or flip. Satisfied to let Tom and DeDe and the rest do their thing(s).
The primary role of any manager is to ensure the continuation of the firm/company. That being said, I think that funds would be better spent funding the growth and acquisition of Hacketts rather than satisfying a short-term Cornell deal for shareholders benefit. Let them sell, we keep the cash, grow the business. Long term, investors win.