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Good accumulation today. I think we will see a major move north as the moving averages converge and we get closer to earnings release on the 26th
CLWR
Q1 expected 4/30
Hopped back in this hog yesterday. Lets see if she's got some squeal in her!
CLWR
More form 4s hitting the news wire
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8099205
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8099204
VVUS
Why not, you can make a killing on large floats
Seems like orders are still lagging. With continued volume that will change and more firms will look to trade the stock.
TSNP
OTC market starting to warm up
That was an after market snap shot so they were logged off for the day. Those are just arbitrary values.
Revenue and growth are on the rise. The company is holding true to its word and increasing market awareness when appropriate. Only a matter of time before this stock moves. There will always be someone complaining because they feel they are owed money instantly. That's not how the market works. Fundamentally we are gaining ground at historic rates.
TSNP
Tesoro Enterprises, Inc. Releases Fiscal 2011 Financial Results
Tesoro Enterprises, Inc. (TSNP:PK) today announced the publishing of its Fiscal 2011 Financial Statements. Net Sales for the twelve months ending December 31, 2011 were $599,002 compared to $341,514 for the twelve month period ended December 31, 2010, an increase of $257,788 or 75%.
Gross margin for the twelve months ended December 31, 2011 was $152,763 compared to $115,360 for the twelve months ended December 31, 2010, an increase of $37,402 or 32%. Operating expenses for the twelve months ended December 31, 2011 were $407,917 compared to $410,876, a decrease of $2,959 relatively unchanged despite the doubling of our retail space with the addition of a second store in January 2011. Net loss for the twelve months ended December 31, 2011 was $(279,289) compared to $(309,032) for the twelve months ended December 31, 2010, a decrease of $29,743 or 9.6%. The loss for the twelve months ended December 31, 2011 reflects primarily the start up time for the new retail location.
Henry Boucher, Tesoro's CEO, said he is pleased that the company finished the year with strong sales momentum. He added that net sales for the three months ended December 31, 2011 were $158,002 compared to $63,514 for the three months ended December 31, 2010, an increase of $94,488 or 150%. Mr. Boucher also stated that, even though the winter is our slowest time, if the sales momentum holds, we should be close to breakeven in the first quarter of 2012. We look for improving sales in the retail locations and added contribution from our e-commerce business.
Forward-Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.
Just referring to reportable derivates which were part of an executive compensation package.
Not so much in Ohio. 20's and snow.
BAC has been a hard trade as of late. I think eventually this one will reset back to the 5 dollar range and rocket back to its current level. Its been trading in a tight range for a little too long. Going to be exciting to see where it heads in any case.
This is true, in any case enjoy the weekend!
I agree. I'm long on CLWR but its over priced at the moment given the vast amount of hurdles that are ahead. Everyone's sale is a trade opportunity for the rest of the market. Just good to know if someone's about to make it rain.
Actually google is taking a massive loss on their position in order to get out of the company. Their shares will be hitting the market within the next five days.
Clearwire Hits another Snag – Google Dumping its Stake at Steep Discount
By Chris Moore - February 25, 2012 | Tickers: CLWR, CMCSA, GOOG, INTC, S | 0 Comments
Clearwire Corp. (NASDAQ: CLWR) has had a rough time recently and today’s news continues the trend. According to the Wall Street Journal, search giant Google Inc. (NASDAQ: GOOG) has indicated it will sell its entire stake in Clearwire at a steep discount. The stake, originally purchased for $500 million in 2008, will be sold at a price of $1.60 each amounting to a 91% discount from the original purchase price. Google has been mum about the decision, saying only that the company periodically alters its investments based on goals and current market conditions.
Google’s announcement comes on the heels of several negative events for Clearwire. Last week the company cautioned that it may need more capital to fund operations after getting roughly $1 billion in the past two months. The company is incurring heavy costs building its new LTE broadband network, which it expects to spend $600 million on in the next two years. The company also cautioned that it did not expect operations to generate positive cash flows during the following 12 months and that it expected to lose business at its Clear Internet brand. Time Warner Cable (NYSE: TWC) and Comcast (NASDAQ: CMCSA) were selling the Clear Internet service, but have since shifted to a product offered by Verizon (NYSE: VZ). Clearwire desperately needs to build out their LTE network to compete with Verizon and its other competitors, but funding from the capital markets will come at a steep price. The company held a $300 million bond offering in January and ended up paying a coupon 500 basis points higher than other offers, including debt offered by lower-rated issuers. The company also cannot offer additional debt secured by its network assets, so it’s likely that further debt issuance will come at a higher cost.
Though Google hasn’t indicated much other than a willingness to rid itself of shares, I think this is an overwhelmingly negative signal for Clearwire. Google will be offering its shares first to current Clearwire investors and then to the public after 5 days. The WSJ attempted to contact major shareholders for comment and as of yet, no one has expressed interest. Intel (NASDAQ: INTC), which has a 7.3% voting stake in Clearwire did respond, indicating no plans to increase its holdings. Intel’s spokesman, Chuck Malloy, also indicated that the value of Clearwire shares held by the company was immaterial. The company has already written down the value of its Class B shares to zero, lending credence to his statement. I also find it interesting that both Time Warner and Comcast are sizeable shareholders, but have moved away from Clearwire services. They own 3.6% and 6.9% voting stakes respectively, as of December 31st. Clearwire’s need for funding comes at a time when the other wireless providers are feeling the strain of smart phone growth and Google’s willingness to dump its shares doesn’t bode well for the company or its ability to secure funding.
Another point of contention is the fact that Sprint Nextel (NYSE: S) owns 49% of Clearwire’s voting rights. Clearwire has said that it has more wireless spectrum than it can use, but it is unlikely Sprint will allow that spectrum to go to rivals. Sprint is also its largest customer, set to pay $600 million for unlimited access to its existing network, so it stands to reason Sprint has even more clout than indicated by its voting rights.
Clearwire may be a dead man walking, though I’m not ready to declare it dead yet. Other companies may express interest in Google’s stake and the company could acquire additional funding, but I will be watching closely for any additional negative indicators.
I just find it a little questionable that a company on the verge of supposed great success would have the executive team selling all of their derivatives in one day
TOATAL INSIDER SALES ON 2/23/2012
$7,963,402.55
WILSON LELAND F __ X __ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
Conversion/Liquidation price
Approx Net Proceeds 2,461,232.50
A 77125 4 308,500.00
D 77125 20.69 1,595,716.25
A 72875 4.58 333,767.50
D 72875 20.69 1,507,783.75
MARSH GUY P _____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
VP, Operations & General Mgr.
Conversion/Liquidation price
Approx Net Proceeds 1,428,673.19
A 2188 3 6,848.44
D 2188 21 45,291.60
A 4543 4 19,307.75
D 4543 21 94,040.10
A 1255 6 7,592.75
D 1255 21 25,978.50
A 28792 4 122,366.00
D 28792 21 595,994.40
A 49999 4 211,495.77
D 49999 21 1,034,979.30
Day Wesley _____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
VP, Clinical Development
Conversion/Liquidation price
Approx Net Proceeds 1,324,168.78
A 9958 3.28 32,662.24
D 9958 20.69 206,031.02
A 19738 4.25 83,886.50
D 19738 20.69 408,379.22
A 50262 4.25 213,613.50
D 50262 20.69 1,039,920.78
Perry Lee _____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
VP & Chief Accounting Officer
Conversion/Liquidation price
Aprox Net 2,749,328.08
A 5582 4.25 23,723.50
D 5582 20.69 115,491.58
A 2250 4.25 9,562.50
D 2250 20.69 46,552.50
A 11500 6.05 69,575.00
D 11500 20.69 237,935.00
A 18500 4.23 78,255.00
D 18500 20.69 382,765.00
A 40000 4.25 170,000.00
D 40000 20.69 827,600.00
A 36000 4.25 153,000.00
D 36000 20.69 744,840.00
A 31000 6.05 187,550.00
D 31000 20.69 641,390.00
A 27000 4.23 114,210.00
D 27000 20.69 558,630.00
VVUS
I agree. I think it may offer us some good accumulation if shares begin selling, as the trading range is held pretty tight by institutional holders.
I think we will have a good buying opportunity here when google starts selling next week.
Google (GOOG) to Exit Clearwire (CLWR) Stake; Plans to Sell at $1.60/Share
Google (GOOG) to Exit Clearwire (CLWR) Stake; Plans to Sell at $1.60/Share
Google (Nasdaq: GOOG) periodically rebalances its investments based on its goals and its evaluation of market conditions. Google plans to sell the 29,411,765 shares of Class A Common Stock of Clearwire (Nasdaq: CLWR) it holds (a) to the other Reporting Persons and/or the Intel Entities, Intel Capital, Intel Cayman, and Middlefield pursuant to Section 3.3 of the Equityholders’ Agreement or (b) if the Reporting Persons or the Intel Entities, Intel Capital, Intel Cayman, and Middlefield do not elect to purchase all of such shares within the specified time period, in one or more public open market transactions on the NASDAQ Stock Market. To the extent that such sales are conducted by means of one or more public open market transactions, such sales will be made beginning on or about February 27, 2012, in such amounts and over such time period as determined by Google and in compliance with all applicable securities laws.
Google plans to sell the shares at $1.60 each, which is 30 percent lower than Clearwire's trading price of $2.27.
http://www.streetinsider.com/Insiders+Blog/Google+%28GOOG%29+to+Exit+Clearwire+%28CLWR%29+Stake%3B+Plans+to+Sell+at+$1.60Share/7210350.html
Wired more money in to take another short at 7am sharp pre-market. If you are looking for a position and can afford to take a sizable position go short immediately.
VVUS
Short special of the week - VVUS
~BIGGG....there goes the floor
VVUS
It depends on the brokerage firm, personally I'll hold the position for 3 days max. Average short position on this stock is 10 days.
Because I borrowed shares to short. This company hasn't made money in almost 3 years and their drug approval means nothing in the short term. I don't see this stock remaining above its historic trading range for much longer. The short position is historically 40% of the AS
Only 100k shares left to short on this stock. Once market makers finish selling shares, this baby is going to rocket south.
VVUS
Clearwire May Need To Raise More Money As Buildout Costs Loom
Thursday 16 February 2012
Clearwire Corp. (CLWR) warned Thursday that it may need to raise more money--even after getting about $1 billion in the past two months--as it faces the hefty costs of building out a new fourth-generation mobile broadband network and the expected loss of sales at its Clear Internet brand.
Clearwire said in its annual regulatory filing that while it has enough cash--about $1.1 billion, including short-term investments--to last it through year's end, it may still need to raise more funds. The company also said it is poised to lose as much as 5% of its Clear brand growth as Time Warner Cable Inc. (TWC) and Comcast Corp. (CMCSA) halt sales of the service in favor of those offered by Verizon Wireless.
"We do not expect our operations to generate cumulative positive cash flows during the next 12 months," the company said. "We may need to raise substantial additional capital to fund our business."
Clearwire's disclosure that it may need to tap capital markets contrasts with the company's upbeat earnings call Wednesday afternoon in which Chief Executive Erik Prusch touted progress in discussions with new potential wholesale partners and a long-term agreement with Sprint Nextel Corp. (S), its largest customer.
Raising new funds may be an expensive proposition for Clearwire. The company was forced to pay a 14.75% coupon on a $300 million bond offering in January, more than 5 percentage points higher than debt issued by even lower-rated credits.
In its filing today, Clearwire said it won't be able to offer any more debt that's secured by its valuable network assets. That "may make additional debt financings more difficult to obtain on acceptable terms, or at all," Clearwire said in the filing.
A Clearwire spokeswoman declined to comment beyond the filing.
Clearwire shares fell 4.7% to $2.25 Thursday, despite gains by the broader market. Adding to investor concerns was a Wall Street Journal report that said AT&T Inc. (T) was in discussions with an array of wireless carriers to add additional capacity--but apparently not with Clearwire.
While Chief Financial Officer Hope Cochran boasted Wednesday that Clearwire has more wireless airwaves than the company can use, it may be difficult for the company to ink a deal with AT&T because of rival Sprint's nearly 49% stake.
Clearwire plans to spend about $600 million towards erecting a new 4G network on a technology known as long-term evolution, or LTE, over the next two years. That will help it compete with AT&T, Verizon Wireless and even partner Sprint, which are all rolling out 4G LTE services this year.
The most recent bond offering added another $45 million a year to Clearwire's interest burden.
Nonetheless, the Bellevue, Wa.-based company said Wednesday that it is nearing $200 million in vendor financing and is due a $600 million payment from Sprint this year for unlimited access to its existing 4G network, known as WiMax.
Wednesday, Clearwire reported a fourth-quarter loss of $236.8 million, compared with a $128 million loss a year earlier. Revenue rose to $361.9 million from $175.2 million.
It pared operating expenses to $795 million last quarter, from $1.2 billion a year earlier, cutting its work force to about 900, from 4,200 two years prior.
-By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com
I think we will see a trading range of 1.50-1.70 short term until long term fundamentals push the stock north again.
Man I wouldn't want to be on the receiving end of that bid blast lol
APCX
CLWR Analyst Updates
Here are a few updates from analysts short term
Credit Suisse
https://www.etrade.wallst.com/v1/common/pdf.asp?docKey=453-CSFBW50_427236-1&ComponentType=&User_SessionID=D335505A34E9B9C1937E18D74F55B0C1&researchProvider=CSFB
Ford Equity
https://research.ameritrade.com/wwws/common/reports/report.asp?YYY600_njyxinyiF9jNvAGQmphKFS+koedWFE7gSreJZ/LqoOD/I2xfDOb1WL4TTxbz5pGmuAEqfvYVKFQDc3spVJ4cQWEt9ZAGCljhci5rDIukYuJJEse5Fo5STwogtuHeRo8a4d3ylSrC+imBMt9YTatP9fKLc5dS59sD
The Street
https://research.ameritrade.com/wwws/common/reports/report.asp?YYY600_4srTxfZfZ2TYUg/MVV3T+ECpPY9mq5oj2kQi4EJPyYR17Q4KPxPtZR+pbIS2G4FEwmdrrK3Wxutk1uydRtCfgJ+f0o6Gkenv/hxyO1ZDjVK8Cg3iEBIZzwTb6T7a4ZUn1SjC9XQCXkNxYwGZqpmSEVn2+TX5Z+HL
Looks like selling is increasing. Moody's Euro downgrades should be a trend catalyst.
CLWR closing price in after hours 2.09 Down 27 cents from the close. Tomorrow is going to be a very heavy volume day as profits get locked in.
Good exit point. I noticed the trading getting heavy yesterday. Saw a small pop today, now the shorts are going to hose retail to reload in that range, possible lower in the coming weeks. Analysts will become bearish while they dump, then re-evaluate the stock at $3 lol
CLWR
CLWR down 7.85% or .18 a share in after hours trading. Fire sale prices should be coming soon. Looking for an entry well under 1.80 in the coming days. Many analysts moving recommendations to sell, which means the short campaign has begun.
Jaywalk Consensus
https://research.ameritrade.com/wwws/common/reports/report.asp?YYY600_l3y+Y8lmBHxRMtl4ELKeZqYy/NEynHSDxhjx3fAR+FBKt4ln8uqg4P8jbF8M5vVYvhNPFvPmkaa4ASp+9hUoVANzeylUnhxBYS31kAYKWOFyLmsMi6Ri4kkSx7kWjlJPCiC24d5Gjxrh3fKVKsL6KYEy31hNq0/18otzl1Ln2wM=
Ford Equity
https://research.ameritrade.com/wwws/common/reports/report.asp?YYY600_njyxinyiF9jNvAGQmphKFS+koedWFE7gSreJZ/LqoOD/I2xfDOb1WL4TTxbz5pGmuAEqfvYVKFQDc3spVJ4cQWEt9ZAGCljhci5rDIukYuJJEse5Fo5STwogtuHeRo8a4d3ylSrC+imBMt9YTatP9fKLc5dS59sD
The Street
https://research.ameritrade.com/wwws/common/reports/report.asp?YYY600_4srTxfZfZ2TYUg/MVV3T+ECpPY9mq5oj2kQi4EJPyYR17Q4KPxPtZR+pbIS2G4FEwmdrrK3Wxutk1uydRtCfgJ+f0o6Gkenv/hxyO1ZDjVK8Cg3iEBIZzwTb6T7a4ZUn1SjC9XQCXkNxYwGZqpmSEVn2+TX5Z+HL
Where can you find this option?
Any short position at $8 or higher should pay off well here.
BAC
This is a volatile stock, and I don't trust the trading at these levels. It may continue to run for a day or to, but the chart is forming a cliff. My personal preference is to average below 2 dollars so I don't have to hold the stock for months to flip it.
Look to reload in the low 1.90s.
CLWR is getting top heavy. Good time to exit and reload lower.