This little piggy cried wee, all the way to the bank!
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The sell-off today tells little to nothing about the company and where it is going, it only tells a brief tale of some shareholders confidence this day.
In any case, the management of this company should be given a chance to defend their actions before dirt is thrown on any coffins. To paraphrase Mark Twain, "Rumors of our demise may be somewhat exaggerated".
In any case, how appropriate is it that RTGV is listed under the iHub category 'Gaming & Casinos'? Woof!
Given the drama over there today @ RTGV, "Movie Theater" popcorn!
CC tomorrow should be interesting to say the least, they will try to explain how this is the best thing that could happen for shareholders. I'll be putting popcorn in the microwave and listening in on the fireworks!
RTGV look out below - another failure to merge.
RTGV .048s printing
RTGV .048s printing
Rain, you must be getting a little saddle-sore from the long hours riding herd on this here stock! Day or night, rain or shine, you are always here keeping the herd on course. For that we thank you!
To paraphrase one of my favorite movies: "There is iron in your words of deception and truth for all investors to see. No shady internet investment group can hold the iron, it must come from men. It is good that warriors such as we meet in the struggle for profit or loss. It shall be profit..."
~ Ten Bears @ "Outlaw Josey Wales"
Just, wow.
What we are likely going to see reflected in the 4th and 1st Q financials is this: the extension of the Federal homebuyer tax credits into 2010 put a definite crimp on late 4th quarter revenues.
During the first half of the Q4-09, people were rushing to get their financing done, because they knew the tax credits were scheduled to terminate end of year. Around that time (early Q4) the money was rolling in at a healthy pace, and RR was hinting that Q4 results would be some of their best ever, this primarily because of the big tax credit stimulus.
But then around the Thanksgiving time period, the big tax credit deadline was extended into 2010. Result: people who were planning on buying or refinancing before the expiration date @ 12/31 suddenly decided to put off until after the new year, figuring they could receive '09 tax refunds to use as down-payments or help pay closing costs in 2010. This is purely conjecture on my part, but the theory seems to be well supported by the healthy double-digit uptick in real estate sales I posted prior to this.
I can think of no better reason why RR would decide to delay publication of Q4'09 fins as long as possible, while simultaneously rushing to release (preliminary?) Q1'10 results well ahead of schedule.
According to the South Florida Business Journal, the housing market is stronger than its been in a long time.
Link to full story:
http://southflorida.bizjournals.com/southflorida/stories/2010/03/22/daily19.html
Highlights:
Statewide, existing home sales increased 21 percent, with 11,890 homes sold in February, up from 9,867 a year ago.
Month-over-month, existing home sales statewide increased 13.6 percent.
More condos than homes sold in February, with West Palm Beach taking the lead in South Florida. In February, 698 condos sold there, up 45 percent from 483 a year ago.
Fort Lauderdale followed, with condo sales up 41 percent to 819 from 581.
Condo sales in Miami rose 35 percent, to 545 from 403.
Statewide, existing condo sales rose 59 percent, to 5,085 from 3,190.
“Although sales have been higher than year-ago levels for eight straight months and home prices are much more stable compared to the past few years, the housing recovery is fragile at the moment,” NAR Chief Economist Lawrence Yun said in a news release.
Still, NAR is predicting a surge in home sales this spring.
"Activity should be picking up strongly in late spring as buyers take advantage of the tax credit, which is critical to absorb distressed properties reaching the market and to continually chip away at inventory levels," Yun said. "If there is sufficient job creation, housing can become self-sustaining with stable to modestly rising home prices."
RTGV: anyone not in by EOD might regret it by Weds (IMO).
L2: .043s going, .049s next up in line.
RTGV strong feeling by many longs the merger closes Wednesday.
Place your bets to soar high (true) or crash hard (false).
Florida home insurance rates could rise 33 percent
March 26, 2010 11:00AM
Home insurance rates could rise up to 33 percent across Florida according to a new bill passed by the Florida Senate Wednesday, with premiums even higher. According to the terms of the bill, insurers could raise rates five percent the first year, 10 the next and 15 in the third year. The bill is said to have been passed as part of an effort to attract insurance companies to Florida and help them pay if a catastrophic hurricane occurs in the state. The Florida House passed a differently-worded bill on the same issue last week. [Sun Sentinel]
RTGV -> calm before the storm?
Wondering if we're in a blackout period?
RTGV becomes NMTV Inc. the moment the merger is completed.
Don't be jumping to conclusions Taki my man! Not sure about any other mods, but I'm still here.
a. Been busy with other things,
b. not much news to talk about here at EXPU these days,
c. have no desire to scratch the itch of these clueless bashers infesting our board recently. They're like a bad dose of crotch crabs with trading accounts.
See you back in the teens
Agreed, too much going on here lately for anyone to dump now. Looking at the 3-month chart tho, it retraced mildly/steadily after the last major leg up (talking early January time period). I suspect it should do the same thing again, barring any juggernaut PRs surfacing to torpedo my theory...
Needless to say this one stays front and center on my radar screen!
Was out of office all week and just returned to find an old gtc sell order for my TDGI filled at .051 ...mildly miffed at myself but at least it was a double for me.
Now HAVE TO pick a re-entry point for this obvious TABLE POUNDER...opinions?
I might roll the dice and hope for a profit-taker retrace back to low .040s, but there's a chance those prices are gone forever, in which case I'll just have to watch for early signs of the next leg up and hope I don't have to chase it too far....
How do Van; THRR unreal volume, 2 bils by lunch...
So what's expected out of THRR next few days?
This a long hold for you, or a quick flip?
Thx,
fangle
double post, disregard.
TDGI move today long overdue, seems it was just suddenly jumpstarted on anticipation of big news scheduled for next week.
If any here missed the boat today, watch for EOD pullback on profit-taking or waning momentum. This story is far from over IMO, will be well worth holding onto some of this to see where it goes.
Hmmm no mention here of TDGI? Check it.
TDGI liftoff....
Have ST/LT targets for RTGV Van?
RTGV .04 x .042 crossing back over MA200 today...
No more selling under .03 please!
Let's crack this 3-cent nut once and for all.
Wow, talk about Buzz, with a capital B!
.03 printed, now .03 x .033 ... Gotta break thru this .030 glass ceiling sooner or later!
What EXPU does, and how many people they need to do that...
Forget what you think you know:
Expert GROUP does not process loan apps.
Expert GROUP does not do title work.
Expert GROUP does not buy and sell real estate.
What Expert Group Inc. does, is own and oversee the operations of Expert Financing & Investments, Expert Group Title Services, and Expert Credit Fix U.S.A.
And they apparently need 4 people to do that.
*I could do it with only 3 people, but then, I don't have my wife working with me like Robert Rico does.
Nice call on VYGO Van!
EXPU = ATM cash machine for smart traders.
As for me: last batch I was in w/ .059 avg, back out w/ .16 avg.
Got tricked by the recent .09 false bottom, now avg'd down to .065 and still picking up some table scraps under .06.
Just a matter of time for my south Florida ATM to start spitting out the dollar bills again!
TDGI chart setting up nicely + good PRs = $$
The OWVI Orient Express is now boarding!
"We are confident we are now prepared to go live with 1World Cash in a matter of days." ~ CEO Steve Prior, 3/10/2010
Been a while since last 4s! Thinking as we get back to many people's original entry points it will start to churn quite a bit as some begin to break even and bail.
I figure why wait this long just to break even? LOL
RTGV cookin' with GAS!
Green, my favorite color.
Oh yea, I'm adding.
.20 is possible, but that would require solid earnings to hold (ie other than an irrational run). I am thinking .025/sh annualized earnings 1st Q after merger closing is not overly optimistic. Apply whatever P/E you like, I think @ 5~10 for startups works.
I hesitate in making a prediction in share price, only due to management's failure to correctly judge the amount of time needed to complete this merger. The whole thing reminds me of Twain's famous passage: "Better to not say anything and have people wonder if you are a fool, than to open your mouth and remove all doubt." The merger closing delays after announcing closing dates left a bitter taste in many mouths.
As far as company performance predictions, I just don't know them well enough. But they *seem* to be trying to get this done right, if not done quickly.
If they do get it right, and ignoring the usual volatile ups and downs at this end of the market, just looking at long term averages, a solid baseline double or triple from these SP levels by end of 2010 looks like a no-brainer to me.
As for company performance, the sky is the limit if business takes off over the next year (I believe it should) and they manage the growth properly (crosses fingers). I'd like to see them keep at least 5% of revenue in retained earnings first few years to attract new investors, while rolling a lion's share of the gross receipts into marketing themselves, to further ramp up revenues.
Does anyone here know where one could find or look up RTGV's projections for revenues and retained earnings post-merger? I have my own methods for calculating pps based on these numbers, but I don't seem to be able to locate this fundamental information.