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Agree with JLD with the following adds: Johnsrud seems to be fully in charge and this is a positive. 2014 will be a pivotal year for the company, and we won't get a real feel for the financials until probably q3 or q4--there will be a lot of sloppiness the next 2 quarters. I would hope there would be some big board changes soon in that this board has been extremely inept. Johnsrud needs to put some of "his people" on the board.
Presentation tomorrow at Needham 1.30 eastern. So far no pre-release on earnings...will they do it before presentation, ie tomorrow morning? I'm dying to hear what they say. Stock could be very volatile tomorrow to say the least.
Some chatter that company could pre-release before they present at conference.
Sure glad no one cares about this story because once they do start caring, I'll have my 10-banger!!
More severe pain--when will this end?
$0.155 bid - $0.16 offer....the pain continues for us long-term idiots!
Nat gas is definitely correlated with how this stock performs even though company has moved more into the oil. I'm still very concerned about this company near term and longer term. I'm dying to hear the Jan 15th Cowan presentation. Some sort of comfort level after that presentation could lift this stock a couple dollars.
Fred still with everyone--how could I not be with a name like Fred Ugsi!
Sold all my UGSI last thur. Took my money and bought the other pipe company, or should I say what goes in the pipe, medbox...MDBX. Bought 10,000 shares at $18. Check it out! (Of course I'm lying!--wish I wasn't....stock closed around $73 today!) Thanks to all my UGSI fans who posted the past couple days. I'm hanging with you all!
Company is scheduled to present at Needham conference jan 15. I don't think we will learn anything new. They are presenting because Needham just initiated coverage on the stock with a buy and a $3.25 price target. That is the reason they are presenting--they were bribed. Hey, put a nice buy on our stock, and we will fill in a slot for you. That's how it is done!
So my question for the last two writers: since we don't have the financials, and therefore have NO CLUE if this company is worth $0.08 or $0.80, if this is a great investment, why hasn't the stock trended up? Obviously, the employees, suppliers, customers who are in the know, would want to buy the stock. They haven't! UGSI has done a lot of business since Andy has been CEO, revenues (whatever they are), are up dramatically! However, stock has been a pure dog for many, many years. Andy and his people are doing great. Us peons, the loyal shareholders, have gotten nothing.
Marcpw- nice pick up, but no news today that I can see. Can't imagine this stock not being range bound till at least April/May? Stock already has poor Q4 built in and already has the sale of the division built in. If the HAL JV doing well, then that may be an added catalyst. Nat gas pricing is good. But I still don't trust this board. Excluding the CEO, no other board members have bought stock recently. If that were to occur, I might get more aggressive. For now, I'm a strong hold with a $23.50 cost after split.
Investor Jon --appreciate your information. Insiders don't buy stock because things are going down. They believe stock is cheap for a reason. The more I think of the disaster of this stock, the more I realize that maybe, just maybe, someone buys this company, kicks out the board (completely useless), and turns this thing around. Thoughts?
I just put an order in to sell 100,000 shares at $0.16 all or none. This sale is good today only. I'll even throw in free shipping!
Another year of us holding on to a loser. No reason to get emotional on that statement fellow UGSI "lovers". But that's the FACT. We have been patiently waiting for something...anything, but as the markets have been screaming, we've been wishing and dreaming.
Nat gas up sharply today...always good for this stock. I'm like trebeg--starting to feel a little better about this stock. One cannot ignore all the insider buying.
I'm sure smith has been selling as this stock went higher. Hey pro-life! Hope 2014 will be the year for UGSI! We miss you on that board...don't give up on smith's former company which is now being run like a real company (albeit without providing us any financials)!
Ha ah...yea that was a pure choke...and both the lions and cowboys have blown a lot of games this season.
I understand that mark smith put the ipix deal together before he left. It's an extremely weak deal and the contribution it gives UGSI is minuscule. Thank goodness smith is gone, however look what smith's other company has done as far as stock price recently! I bet he's been selling!
Trebeg. Any other gut feelings? I'm with you :)
All of us here are pure dreamers. We are not privy to the financials or to what Andy and the board plans to do. Andy may wish to remain a private company forever, after all, everyone who works at Underground are making a very good living. Why spoil anything by going public?
Big day Friday based on insider purchases (4 of them). Nothing new fundamentally; therefore would expect continued tax loss selling.
I've been taking those chill pills for over a decade :)
Just remember, all the insiders, ie Andy, his mgmt team, original bailers of mark smith (the crook founder of UGSI), own their shares at $0.08. So on paper, they have no problem looking at their holdings double.
$281 million lawsuit verdict having impact on stock today. Wonder what else is out there we don't know. Major, major problem here. Needs to be activist shareholder revolt. All board members need to be fired. NOW! This is a cluster_f!!
They have got to be having some difficulties with the current weather situation, which tells me that this will again be one of several excuses they will have when they conduct their Q4 conference call. When will this stock stop going down?
Thunderman2 - good to have you on board. I personally own some private equity, and you are right regarding timetables of normally 4-8 years. Unfortunately, it's over 10 years now that Andy's been in charge (if I'm not mistaken). The Wynnefield Capitals, Pictet, and several other 30,000,000+ shareholders (who wish to remain private) have waited longer than normal. It's only fair to all of us that the financials come out. That way, the shareholders who have been so loyal can decide on their own whether they want to hold on any longer. Most of the early investors, including Andy own this stock at $0.08/share. NES auditors say its worth about that. We public shareholders are looking at a $0.17/share price. Pipeliner is right. Andy, time to give us some idea on what the deal is!
Trebeg, I'm neither a pessimist nor an optimist. I'm a realist and I own a ton of this stock, and on paper, I'm heavily in the red. I believe you are spot on, except you may not be that knowledgeable with aggressive long-short hedge funds. They started doing their work when NES announced the RS. Now they are shorting the stock in size. There are no buyers! Why would anyone buy, given the results of the last conference call and the guidance given. I hope Johnsrud can turn this around, but only time will tell. Until then, only if there are positive meaningful announcements will stock head upwards. It's hedge fund shorting, tax loss selling and dumb buyers right now working this stock. I'm a firm hold for now. And if anyone is buying, I want to know WHY?
And 23% of them have been selling the last couple days:(
How is NES managing their ever expanding fleet of trucks. Like you said, it's extremely important to stay on top of the expanding maintenance costs and the science of managing a large fleet of trucks. Dick Heckmann goes out and buys a China water company (had no clue). Then Dick Heckmann gets into the fracking business (had no clue). Buys/leases hundreds of trucks (had no clue). And the pattern continues, but thank God, Johnsrud now running things (we think). And the stock continues to go down.
Does the cat got everyone's tongue?
$15 before $20 in my opinion. Let's assume stock opens at around $17 tomorrow. There's no way stock is headed up. I'm sure tax loss selling will be huge the next couple weeks. RS never looked at as positive event.
With all respect to you, Trebeg, we have been killed in this stock because of Dick Heckmann's poor decision making. The board has a fiduciary responsibility to its shareholders. If the board feels at this time, that the long-term decisions they have made recently to "fix the ship" are correct, and there is tremendous opportunity for the company, why wouldn't they want to capitalize and put there money where there mouth is? I give Johnsrud credit for buying a little, but what about the other board members. What about Dick? I've personally bought about 20% more stock the last couple weeks because I believe (hopefully), that they will get this right in 6 months and stock will appreciate. If they don't get it right, some activist group should start getting rid of board members, put there own people on the board, and make changes or sell the company.
He should have bought a million...and what about other board members? Why aren't others buying here?
I'm afraid that the aggressive hedge funds are playing with this stock before the RS. I expect the stock to trade down at least 20% after the split. (Unless there are some specific announcements forthcoming)
But remember, trebeg...these institutions can also short stocks in size. This $15 stock can get ripped quickly if this management doesn't turn this thing around quickly. Forget Q4 for now. Q1 better be a great quarter or this baby will be single digits again.
Please see recent UGSI board for additional information on NES (new)
NES owns over 7% of UGSI...and NES thinks (according to its balance sheet), that the worth of UGSI is 7 cents per share! Andy is on the board of NES and he approved this sale of UGSI to NES, and of course to, Dick Heckmann. NES wrote down the value of its position of UGSI that was once on its books for about $0.14/share. Tell me again why I own this stock, please! Maybe Andy needs to consider a reverse split like the one NES is doing on dec 3rd, but split needs to be 1-100, not 1-10. Why not one of our trusted followers call Andy and ask him what his plans are? This situation is not something anyone on this board should feel good about. I'm wondering if Pictet knows this? Andy and his followers own stock at $0.08; now NES owns their stock at $0.07. And here we are owning our stock at (right now) $0.17. THE STOCK IS WORTH 7-8 CENTS.....PERIOD. Andy, his followers, and NES have financial statements....we don't! They are right -- we are dead wrong and are foolish idiots! Wish I could buy puts on this stock and/or short it, but we can't!
How far can this stock go down before the RS?
No way would I sell...but just thinking that if stock falls like this every trading day till dec 3, we'll be looking at about a $9.00 stock after RS and I will need about 10,000 shares at that price in order to buy that new Porscha Macan turbo coming out next year!