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.
Simmerdown...thanks! And there is nothing confidential on this site. (Unless you are an insider, which I know is probably not the case). The last public piece of information (look at UGSI's website) was in November 2008 under "press release". By the way, website has been updated and is great...but no info on numbers, which we need! We all know cash flow is outstanding, margins are crazy, employees are making great salaries/commissions...we need to know revenues. If $40-60 million, company would be the size to go public!!
Sewer dog, I don't care what others say...you have been a real pleasure to know over the years...you say what's on your mind, and we know that one day (I mean year), we will all be happy shareholders of this stock. I just wish I would have bought PCLN 12 years ago instead of UGSI. I'd be much happier now! Cheers!!
Short covering....real reason why stock was up sharply. Shorts will come back, especially if there are any problems on the sale. PS - I think I heard the excuse "weather" at least 20 times!
DWO=death warmed over! Hearing some real bad news about quarter. Let's see if my source is right!!!!
If they blow this quarter, parkinson needs to leave. Johnsrud needs to hire his own CFO. Parkinson needs to join Dick Heckmann in permanent retirement. I'm extremely anxious on quarter results and how often management states "weather" as an excuse. I will be on conference call and cannot wait to hear many questions/concerns from Wall Street analysts (who are much smarter than me)!
Simmerdown...excited about your input to the group. 1.). Any idea on where revs are currently? If they are close to $50-60 million, we could be close to an IPO. I know the gross margins are astronomical, and company has been very successful in a couple acquisitions. Any thoughts on whether there could be a massive acquisition coming? I ask this because this could be the "excuse" for an IPO. 2.). Heard from someone awhile ago that salespeople are making FAR in excess of 100k per year...true? 3.) Heard from someone years ago that all senior management has a ton of restricted stock, so when company goes public, there will be some instant multi-millionaires. True? You may not be able to answer all these questions, but any additional input would be great! Thanks!
A lot of us on this board have owned this stock for a decade or more. Why did you leave and what is your best guess on when Andy will reward its shareholders?
Thoughts on the quarter? Anyone with any brains want to comment?
And the waiting, and the pain continues.
Where are all the NES fans lately? The more I think about this disaster (believe me, I've been a long term holder of this stock--check my many, many posts!), the more I believe the only way out of this mess is for some company in the oil service/waste management arena, to acquire this company. Johnsrud is over his head in this deal, although he made a fortune personally, thanks to Dick (head) Heckmann over paying for his company. Johnsrud has not yet proven himself capable of handling the nightmare he inherited. Maybe we give him one more quarter to see? But stock could be $14 or less by the time Q2 earnings is released. Tell me specifically why I should wait? Be professional...I don't want to hear BS, please!! Why will this stock ever be a winner? Specifics please!!
8 months from tomorrow is Christmas. Why do I bring this up? All I want for Christmas is some sort of hint on how we as shareholders will be rewarded for owning UGSI.
Sewer dog, be cool! Thunderman2 has been a nice addition to our forum. We are all in this together...and as they say, "I feel your pain" continues for the immediate future. How long the pain is the question! Andy, top management and the board knows--no one on this board knows!
Large dumping today....my rock when the market is melting, not happening today.
Stock again looking like death after all the "news", ie credit line boost, Heckmann and Holtz off the board...but I'm one of those that says "show me the money"...wonder how quarter financials will look? Probably not that great is my guess.
I'm hearing rumblings of something going on. Acquisition (major)? Something even bigger? Anyone hearing anything?
Great info...
Andy not going anywhere---UGSI his baby!!
IPO market is hot right now. 9 this week! Must strike when iron is hot...even if company may only have $40 mill in revenue, Andy on a road show would be a home run. Do it now!!
Strongly disagree!! He is a Heckmann guy and he needs to go...NOW!
We are all just dreamers. Until there is evidence that financials justify an IPO, we are all dreamers. Is the company at $40 million revs, or $50...or $20? Several years ago, I remember they were under $10 million. Obviously they are significantly above this...but where? They still don't have a CFO, but that's not unusual, until a filing. When will be the filing? I know margins will not be an issue...they are raking in the money!!
Thunderman, any thoughts on what revs were in 2013? Best guess?
Electrical conduit business is not new, however it's not a large contributor to revs/profits. Re: IPO, it's the only thing Andy can do to make shareholders happy. Doubt if special dividend is in the cards.
Out of the 6 "significant accomplishments", let me comment on a couple big ones: 1) serviceguard deal with lubrizol could be huge. Remember, lubrizol is a warren buffett company. 2) licensing agreement with ipex--this is a deal smith gave away during his tenure. My hope is Andy made this new 5-year agreement much more attractive for UGSI. 3) large multi-million electrical conduit project. I like how this sounds! I sure hope company is planning on doing a large deal and using an IPO to pay for it. It's time!
Read the transcript and am still blown away that the company is still paying fines for the Dick Heckmann china water blow up. That, coupled with the other pending lawsuits and the complete disarray with company operations tells me that Johnsrud still has his hands full cleaning up this mess. Besides Heckmann and Holtz leaving the board, I believe the CFO needs to be terminated. He's a Heckmann guy and he's been completely inept.
Letter is out!
Hooray! Dick Heckmann finally gone. Lou Holtz can go back to his TV work. He lost a ton when he front ran the Johnsrud deal by buying more stock BEFORE the announcement. Would have reported him to SEC if I wasn't a Notre Dame fan. Sale of the disastrous unit, good, but they gave it away. Revs beat but company still losing tons of money. My cost basis is $23, so maybe in 2015, I'll break even, if I'm lucky.
I know the wunderlich securities analyst. He's a pure idiot! As a matter of fact, wunderlich should be out of business in a year...major financial problems...
What a lousy performance today...and no news that I see!
SERIOUS!!! A friend of mine (neighbor) who has been buying this stock on and off for the past few years (has a couple hundred thousand shares) told me this morning that fidelity would not accept his order with the following statement coming back to him: "this stock is restricted from trading in this account". I was shocked!! I don't trade with fidelity. So I told him to call fidelity and find out why. He did, and fidelity corrected the error. Apparently, someone tried to sell restricted stock, the order went through, then fidelity back office caught the mistake. At least that's what the rep told him. He then tried to put the order in again, and it took. After all this, I guess my question is: how big was the trade? Was that last week when there was big volume? Why would someone with restricted stock want to sell? (In that this must be an insider or employee of firm)
Shocked! That's how I feel. Stock has had a nice little run lately, and no one cares! Company has come out with their earnings announcement date and I'm thinking that maybe company will concurrently mention the sale of their problem subsidiary. Any thoughts??
$0.127 print, heavy volume. Lucky to close where it did. $0.115 bid at close. Big shareholders won't be concerned until stock goes under $0.08...so we could be getting there! I'm sure q4 was lousy and q1 which ends in a month, because of the horrible weather, was probably pretty bad. So I do enjoy all the optimistic posts, but "Andy, show us the money"! Please!!! The big shareholders have been waiting long enough, and us peon shareholders (we on this site), have been loyal for way too long!
Thunderman2, you are a breath of fresh air to this board. I am feeling much better now and truly believe that 2014 will be "the year of the pipe"! Shareholders have waited long enough to get their ROI. The IPO market is ripe for a high quality solid little unique infrastructure growth story. If I were the investment banker on this company, this would be a slam dunk hot IPO right out of the box. You listening Andy? Make it happen!
Where is everyone? Any updates? Sale? Earnings? Board changes? Insider buys? Anything?
Fact: 52-week low with absolutely no news, no idea when/if this company will ever be public...just more pain for us unlucky, stupid, long-term shareholders!
Stock should be up sharply tomorrow after interview. CEO said Citron didn't do their due diligence and report has no legitimacy. I AGREE! Smoke dope, get high!
Nat gas up 30% ytd, and NES is _______ (fill in the blank, and don't be nice)!
Stock actually is a real trooper when the market melts down, ie, no one cares, there is no volume, and the long-term owners of the stock always have other things to worry about.
New symbol for NES ..... DWO (death warmed over). There is a direct correlation--companies that perform horribly, stocks go down. I continue to pull my hair out daily with this stock. I don't know why I don't sell it and move on. I might need some therapy soon.
It's me and you CDub73....all the way to the bank. Two other stocks no one cares about are GNMK and UGSI, the former a $14 stock, the latter a $0.16 stock. GNMK price target is $30, UGSI price target is at least $1.00, but by the time they possibly do a reverse split and an acquisition or 2, stock could be at least a 20-banger...my favorite stock! Good luck! I've never been a trader, only an investor 3-5 year holder minimum.
Glad you remembered Vegas trip. It will happen! Of course, I may be in a wheelchair by then, but that's ok.
Looks like another exciting week of trading for one of the most exciting stocks I've ever owned! How bout an Andy update letter? Any idea when it's coming?