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This has legs. $0.053 is the highest bid we've seen.
Yup. All they need is a few people to convince them it's not going back down. Because I think they need to buy.
It's a shame. I, more than anyone, can relate. But this thing is ready for a big run. If all the selling is from one old holder, that bodes well.
I think it would be good to have it pull back into the 4s this morning to let people stock up a little more, but if it keeps going up, I'm not going to complain.
1/2 the float traded in 2 days
That's 30% of the float that I'm not already holding. So think of it as a bigger number, because I owned them before today and I'm looking for 50 cents.
I can tell you one thing. I own a lot of shares that I considered worthless so I don't care. I'll hold and see what happens. If nothing happens, I'm no worse off than I was at the start.
We can lock the float with 8M shares. I know some people that would hold at least 2M for a good run - and likely buy more as well. 8M or less is all that's left.
Wow! 7 years goes by quickly. December 2013 was really a downer. Just looked at my old posts. I went dark. Lost all interest in this stuff. But with GameStop? Seriously. This stock has less than 15M shares in the float and NOTHING can be added. Who owns the current float? 1.6M on Friday. What if 6M trade on Monday? What if 6M trade on Tuesday? For old times, let's load up! I don't know what happened yesterday but timing is everything. Hope a few of you old-timers are still there and ready to reunite!
I'm back. It's been years, but yesterday was very interesting. Yes I still own shares. I haven't played pennies in years but I have some shares and I'm willing to play again for this one. Any of the other old timers still holding?
Love my stock picks Nick. The market is going to enjoy those results.
Why would anyone want to buy it or sell it? Hey, they updated their website. That could mean good news in 10 or 15 years.
That would be nice.
I'm glad they cut the dividend. It made no sense for company with growth like EDUC. But I hope Mr White is careful not to go overboard as you mention.
He should give himself stock options that are vested when the stock price is in double digits. Perhaps $12, $15, and $18.
New filing - Waiver received, terms of debt changed to a more favorable measure, dividends suspended. All good news.
https://www.sec.gov/Archives/edgar/data/31667/000118518517000372/0001185185-17-000372-index.htm
I guess it is.
Not surprised. It should have gone right back up after the 8K was published announcing that they have no plan to increase shares.
That's a big bid.
P/S ratio based on current forecast - 0.27. P/E ration currently 14, but it's due to growth expenses during the past year. In the coming year, it will look almost as attractive as the P/S.
Yup. It was a great buy back in the 9s and a steal down here in the 7s. Looks like it's bottomed out between 7 and 7.25. I've been trading this one for close to a year and a half. When selling stops, it has the tendency to go up $1 or more very quickly. And if a one of the current funds or a new institution decides to buy in or increase shares, they can buy up to double digits feeling confident that it's a great investment at those prices. EDUC will have a reliable inventory management / order processing system soon, and having a tenant that's paying their entire mortgage is a unique advantage.
Correct Value. The key is that the market is there. This market is huge. EDUC is a tiny player that knows how to do it well. Don't know what the fraction of one percent market share is that they have, but it's very easy to grow market share from a fraction of a percent versus holding onto a large percent.
They need to iron out the wrinkles. Can and will are different.
Termendous growth in EDUC. On the investor call they projected $200M revenue for the coming year, and they always overachieve. They said they recently had their annual sales meeting, and the sales team thinks they will do $300M. I think this stock has been down for the last 6 months for 3 reasons:
1. Growing pains - They've had some difficulty keeping up with the growth - moving to a new facility, updating systems, etc. I've heard a question about the debt from their mortgage. They've made it very clear that their lease tenant's payment covers the entire mortgage payment for them. How much better could it be?
2. Profit margin - I think there's been concern that the earnings have not been increasing at the same rate as the revenue. This, however, is due to all the growth in the past year and things they've had to upgrade. They will benefit from this point on from all the efficiencies they've gained from these investments.
3. The stock is not well known. It's typically had low trading. Those familiar with the company have their money in it. We need new people to recognize what a steal it is and get the trade volume up.
That's actually long term debt that was converted temporarily to short term. They violated a covenant with the bank, because they had to increase inventory so much to deliver orders. That will switch back to longterm, and they will likely increase their revolving credit line.
Looks like you picked the right time.
Great summary.
Agreed. People are aware of the 8K and hope to continue to get cheap shares before it heads back up.
Buy in now. It's ridiculously low only because investors thought the company was going to release shares. Their results continue to grow by leaps and bounds, and they released an 8K communicating that they have no intention to release shares.
Now we have as many posts in 2017 as we had in the entire previous 3 years.
Buy it now. It should not have declined and will be back in double digits within the next 3 months. Maybe even the next 3 weeks.
So the market cap is $28M, and their tenant just increased their asset value by an amount equivalent to 15% of their market cap. That doesn't even take into account their actual business that's growing by leaps and bounds.
They have a tenant whose lease pays the entire mortgage on the property, and that tenant just made $3-4M improvements on the facility that's owned by EDUC. Money in the bank.
You're right. It's even more undervalued now. People just don't know it's out there. Easy double with the growth they've got going.
A little volume and it will go back quickly to the 9s.
Only 4M shares, and that's the way it's been for a long time. No dilution. Sell one of your pennies and buy a huge growth stock that's not a scam.
I've got 1,400 shares. Financial results are incredible. Only down because shareholders thought they were going to release shares. The company filed an 8K stating that they don't intend to. It's worth at least 2X the current price right now, and could be worth a lot more if they continue their expected growth.
The Good, the Bad, and The ugly is on REELZ tonight. Perhaps it's a sign?
Thanks Smallville for letting us know what was going on. I very much liked it. Don't care what the price is. Just glad to see it traded.
Look at all the posts. Brings back memories from years ago. Smallville's sale makes sense. I bought a significant amount of shares the last two days. Sold 60K of them for a nice profit, so it makes perfect sense that a sale of 800K can turn into 1.6M trades. I don't care what the price is. It's nice to see some trading in this otherwise dead stock. Hope you're all doing well.
And 1.5M facebook likes is much higher than it used to be.
Just so you know, I am still waiting patiently and I am not the new poster. Progress has finally been made. Waiting for the next step.
And another one. Even with the latest spike, this stock is undervalued.