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Paul Will getting 25k/mo consulting fee for a year!! What a joke. He responsible for $12 to $2. Board needs to be fired.
One of George's bimbos says he owes her $250 million (see NY Post today). Funny as sh..!!
New CEO at CGI. Impressive resume.
Lawsuit a firm go. Please have this company pay for their crooked financial accounting. Please have company leadership go to jail! Hope is for activist shareholder to take board seat and shake 'em up!
Interesting that news today didn't cause stock to go up...why? Because class action suit lawyers were in front of judges today! FACT!
It's about time DRYS announces dividend. When that happens, shorts will cover, stock will be up $0.30 or so. Then short the POS back down again. This has been the short of a lifetime, which most of you know. It took me losing 20k to understand this!!
Huge announcement of new CEO + earnings coming 7/19. Rumors of their new drug also helps in reducing migraines? A screaming buy!!
Interesting that black rock now big shareholder. If audit can come out clean (big if), this stock could be a double in a year. I still think someone will buy them out.
Lightspeed specializes in bankruptcy situations--that's why they bought in.
Shorted this a long time ago (and made money)... and now that Elan dumped Trump ( like his wife), I'm shorting this again tomorrow + Big 3 auto stocks getting some real long action.
Will probably report bankruptcy before earnings. No one cares about earnings!
Stephens hired by CGI to look at strategic alternatives. Stephens located next to JBHT headquarters in Little Rock, AR. Coincidence?
Conference call tomorrow will be catalyst for 50% bump. Play the options.
Good timing on selling today. It should be interesting tomorrow and Wed
$2.75 bid after company releases news. $10 million loss in quarter. B of A gives them new $225 million line of credit. Crazy? Conference call not till 5/3. Just dumbfounded!
Now it's 10 law firms...
9 separate law firms after them. $9 to $4 in 3-months. This mgmt. team was never heavy owners of their stock so no reason to step up now, especially since there could be criminal charges coming!
I'm thinking "....has been hired to look at strategic alternatives" will be in the earnings date announcement. Shorts will be destroyed short-term until more clarification comes. Time to buy some $5 May/June calls for ridiculous prices.
Any news??
Just unbelievable if stock gets any lower. Major shake up at the top is what's needed.
For those investors (not traders, who are 95% of this board), I show a current 14.5% yield. So buy the stock here, assume the stock will stay at this level for 6 years, and your dividend itself will pay for your purchase. My bet, however, is stock will be a big winner over time and dividend will grow over time. Company has a ton of cash to continue dividend. Heck why not throw a special dividend out there to annihilate the shorts!!
Now is the time to BUY!!
Washout today. For those who have large ones, now is the time to step in! Right at $4!!
Up 25% today. For those that laughed at my post earlier and ridiculed me. Money talks! I'm not a day trader. I'm an investor. That makes me different from 99% of you!! This will be a great long term investment!! Mark my words and this post!!
I'm in heavy right here, right now. 99% of comments have been negative here. Perfect contrarian bet for me. Here's other reasons: second straight dividend (rewarding investors, not Day traders), annual meeting coming up, new contract announcements and most importantly-- chairman ego! He sees industry picking up. Wants to take advantage of this...doesn't want company to fail!
May 2nd Annual Meeting. Will George fluff up stock before meeting??
They won't respond because they can't. They're in the quiet period. I'm sure that short research firm knew that when they wrote the report. Also, there is no doubt leaks came out before the report. That's why the trading was so wacky!
Presciencepoint.com is short report on CGI. Never heard of them. Check it out!
Major 35 page short report out today showing zero value. I don't have access to report.
I know truckload industry overall has been very weak in March, but CGI has been hurt much more. The stock has been acting like it's almost going out of business. I thought the accounting issues were behind it. Maybe not. Someone just needs to acquire them and put them out of their misery.
$6.55 looks like a gift, but no one buying. Anyone have anything on why? Obviously, trucking stocks in general have been weak, but nothing like CGI! Would love to see management/board do some insider buying. Why wouldn't they??
Stock not acting well. Mgmt at conference in Miami and we should get update this week. Anyone know why this stock looks like death?
Why would stock be down this much if there's a dividend coming? That's because there will NOT be a dividend.
Agree with Alyssa! Tremendous leverage. Could be $20++ in 12-18 mo. They're ramping up with new hires. My only worry is someone takes them out at $12 or some ridiculous price...very little insider ownership.
Big day today based on (2) hedge funds buying large percentages (9.7% and 6.8%) of the stock. So minimum of 16%+ of the stock "locked up"
Will be the best short of my life. Am short + heavy June 215 puts since $250. Thinking thurs am, halt on stock, then opens $180. $120 by next Monday. Then I'll go long!
You're a good honest man, Obamination. Let's get our money first (want to make sure the check doesn't bounce). Give me your email or phone number and I'll communicate with you regarding address.
Also, remember Nuverra Environmental Services (NESC)? Andy was on the board of this pig. I actually made some good money shorting this POS.
It's been a long painful ride for all of us on this board. I'm actually relieved that I can finally take a large long term capital loss (only can take 3k per year, so this will last me the rest of my life + another lifetime or 2 or 3, or 4....)
Straightshooter is 100% accurate. Two other friends of mine confirmed price of about $0.095 to $0.10 (depending on expenses). No one will be offered the exchange deal unless stock is registered with UGSI, and that person is an accredited investor. (That probably means none of us on this board). So by March 31st this long-term capital loss of mine (and everyone on this board) will be official history. Signing off permanently. It's been one long losing ride!!! Fred
There will never be another stock like this! Heavy long-term loss for me. Going to miss everyone on this board. I assume that no later than Mar 31, UGSI as we know her will disappear. Good luck to you all!!
Listen to AEGN conference call gentlemen. Only the pipe PVC business was sold. Andy will be running the other divisions and is not going to AEGN. I'm sure UGSI clarification/voting letter will be coming shortly because there is a lot of confusion.