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.
56 Chevy ....
Just noticed your SMU message.
Yes I have an SMU student family member who is starting her senior year and has had a wonderful collegiate experience to date.
Didn't really follow the basketball program ... but received a txt msg today that June Jones resigned today.
Here's some interesting news re MMPI aka EVOQ ... you may have already heard but ...
Per the LABJ (Los Angeles Business Journal) the Watermarke Properties building sold in 2010 by MMPI for $110 million just sold for $161 million.
I own a ton of ITI ....
Very long the stock and really impressed with the year end reports and results.
Stay long and strong.
Good luck.
It's a needle .....
Knock, knock.
Who’s there?
Needle.
Needle who?
Needle little money
The EVOQ cash burn from operations is $2 million per month
or $46 million in two years ...
So EVOQ looks like it's in full liquidation mode ...
75% of properties have been sold ...
properties now total 13 ... down from 53
That is one big effing YIKES!
Better hope a white knight shows up with cash in their pockets and takes what is left of EVOQ ...
Oh yeah ... American Apparel makes up 25% of EVOQ revenues ...
looks like EVOQ may be running on empty ...
Insiders have used $$$ proceeds from property sales to repay BK reorg loan ... seriously ... really ... needle lil faith
it's a sign ....
EVOQ needle lots of money to survive
Considering .....
they haven't provided any interim 2013 detailed financial information other than some lame statement of cash ....
they haven't provided financials since the Dec 31 2012 year end
Pretty pathetic .... what a farce in BK court ... now a non public company trading on non public information ... or did I miss something
As of December 31, 2012 book value was approximately $2.36 per share ... they burned through $23 million of cash in 2012
anywhere north of 7 seems like fair game to me ... redeploy your capital where you have better vision ...
take a guess ... or ask the chevy guy ... he seems like he knows
who really cares ... other than the insiders ... there must be some infighting going on as they now KNOW they are not competent to manage this company ...
The insiders will probably trade the choice pieces for their services as they piecemeal the rest of the properties and compensate themselves with what is left of the cash ...
this pig may just get slaughtered ...
Yes and Yes
*Nothing like a solid 3 bagger + to shut the obnoxious crowd up!
WOW! That seems so laced with resentment ... you okay buddy
My largest purchases of MMPI shares were at a split adjusted 15 cents ... guess I'm holding a 60 fold winner ....
The new mgmt team does not have a clue and never has ... on how to operate this company ...
they wouldn't need to sell it if they knew .. they don't, never did ... and now will need to find someone who can ...
what is so obnoxious about telling what we observe ...
it was an inside BK deal ... to transfer $$$ ... and it will be an inside deal when it is sold ..
Oh yeah, DGIT (do you remember that name) is up fourfold in a year ... with a $3 cash distribution on a $6 purchase price ... a solid tip from the obnoxious crowd ..
The BOD ...
worse than the prior bad boys BOD...
they now have a clue they don't have a clue
.... they do not know how to run EVOQ ...
it's time for them to bail ... say BANK ... and
they will peel off the cream ... rest assured ...
roll the dice ... stay or go ...
EVOQ mgmt had no clue ...
inside job ALL THE WAY from BK confirmation process ...
The judge handed EVOQ to a few court insiders and left all other stockholders in bad hands ...
from the beginning IMO this NEW mgmt team was clueless ...
now the debt is coming due and no hope to extend and pretend ...
sale of company is assured ....
potential buyers should wait and pick up the pieces in another BK
roll the dice from here ... stay or go
APP will file BK within 90 days
Lipstick on a PIG
Looks like American Apparel is BK
The single largest tenant of EVOQ on the single biggest piece of EVOQ real estate will be filing bankrupcty soon.
Uh Oh!
Wonder if they'll issue a press release and wonder how far behind in rent APP is ......
Wouldn't know cuz EVOQ fails to report timely periodic results ...
Typical inside deal ...
Glad I sold this pig a long time ago ...
Looks like ....
EVOQ is in liquidation mode
Very very nice .....
How 'bout that DGIT today ......
$50 million in cash generated from operations for the first six months .. looking for another $50 million in the next six months
Who knew .... sometimes you just gotta do a lil homework ...
More gains to come from here .... JMHO ... will double from here
Put this on your radar ..... NOW
Also ... get some ITI on your sheets at current levels cuz it's a sleeper until it's not ...
Good luck to all.
BTW, EVOQ is burning cash in it's operations. Not good. Someone needs to put out the fire at EVOQ. The new mgmt team just aint gittin her dun.
What a pile of .... EVOQ
So the 2012 statements are now published .... can you say UGGGLY
$23 million down the 2012 drain ....
2012 is a WHOPPING $23 million cash LOSS from operations.
That is $7 million more $$$$ in LOSSES than 2011.
It's been two years for the new management .... Bad Bad & Bad
We are now 7 months into 2013 ..... wonder if that means another $12 million in cash DOWN the drain. Of course who knows, since new mgmt has completely failed at communicating ....
New mgmt just aint gittng her dun ...
What a pile of .... EVOQ this is ...
Paying both sides ....
So it looks like EVOQ decided to sue Maddux and ...
gets to pay both sides of the legal bills ...
and will also pay his legal bills for losing their appeal ...
Oooouchhhhh!
Not very good business practices in play ...
Who's in charge anyways ...
A KISS ....
Keep It Simple Stupid ....
Considering this company is failing as a "public" company in all respects at communicating timely information as a "PUBLICY" held company ...
can someone tell me WHAT THE HELL this actually says ...
>>>> Total gross proceeds from the sale were $16.25 million. A portion of the net proceeds was used for general corporate purposes and additional leasing costs at other company properties.
“Capital from this sale will enable us to continue focusing on our core assets, including Alameda Square, in Downtown Los Angeles. Investing in improvements to those properties will attract creative companies that are looking for a unique space at the cross-section of the burgeoning arts and fashion hubs in Los Angeles,” said Martin Caverly, CEO of EVOQ Properties. <<<<
A portion ???? what portion 99% or 2%
Net proceeds ??? a dollar, a thousand dollars, a million dollars
Investing ??? really ... WOW! Builing tenant improvements is considered investing ... wtf ... c'mon they're treating their own investors as idiots ...
This is horribly written and doesn't say crap .... nobody other than current insiders could make sense of this. Better off not to release this kind of crappy communication.
New management is in trouble here ... JMHO
Bad, Bad and even worse than prior mgmt.
A cool $10 million and a thank you ...
Meruelo now down a cool $10 million on DGIT ...
A big thank you to the seller of DGIT as I am a buyer and simply taking shares in ... THANKS ...
Hey what's UP with EVOQ ... stock price is UP ... hey this company is alive and breathing .... WOW!
I am a buyer today again ...
of DGIT .... A Meruelo company
and IMO stay away from EVOQ as it's an inside job (NOW) ...
Good Luck to All ..
I am a buyer today ...
I'm buying DGIT today ....
The setup looks great ....
Is anyone else looking at DGIT or in the name ... (hint IMO you can use both hands today to buy)
BTW, IMO EVOQ is not investable as new mgmt is worse than old and will end up with the spoils ...
Good luck to all ..
The DGIT move was in 2012 ...
Did you find it ... do you know A Meruelo
It was followed by the DGIT announcement referenced ...
and another move of significance was made shortly after the DGIT announcement ...
but not by Meruelo .... go find it ... cuz it's a signature move ...
This DGIT was and is a great tip for you 56Chevy to seize and get your due diligence completed ...
I'm now long more that 20,000 shares of DGIT at or near current levels .. peanuts in comparison ...
I plan to get even longer ...
BTW, did I see an ad for filming posted on an EVOQ proerty today? where it says call 1-800 film evq or something like this ... has anyone else seen this? the property is on 8th street ..
Good luck to everyone ....
Huge insider buying ....
There were huge insider buying this week ....
in DGIT with approximately $2.3 million shares purchased in the open market by COB, CEO et al.
It represents about 1% of the shares ....
Meruelo still in for $27 million ...
Quite different from EVOQ ... where you wouldn't have a clue WTF is going on ... cuz certain people lack integrity ...
Dropped a cool $7 million ...
Looks like Meruelo dropped a cool $7 mil on DGIT since last week.
I bot more DGIT shares in the $6 range this week while out of town in Arizona. Hey it was raining and snowing in Phoenix. ??
And DGIT was burying Meruleo this week.
Now long DGIT ....
Following Meruelo into DGIT ....
Nuff said.
Looks to me like .....
Meruelo got a better deal on Trump Plaza than Taylor et al got on taking over MMPI .....
Trump Plaza comes with a (gambling) license to legally steal money from the public ....
The article said the buildings original cost to build was over $200 million and so it looks like he's buying it at 10 cents on the dollar .... not sure if any debt was assumed but it doesn't look like it ....
On another note .... I got bids just below the market on DGIT as I follow Meruelo into the name ...
Also, please keep in mind Richard and Alex are brothers with separate business interests ..
Good Luck to all
Meruelo tells Donald Trump you're FIRED ...
Meruelo buys Trump Plaza amongst other things ...
http://www.npr.org/templates/story/story.php?storyId=172031001
Alex Meruelo is on the move ...
Meruelo on the move .....
Did anyone notice that Meruelo is making a move on DGIT ....
Kinda interesting ......
Rare opportunity presenting itself ....
IMO, ITI is presenting a rare opportunity to get some shares below $1.60.
Given the rock solid balance sheet and prospects for double digit growth in the coming months and quarters the shares need to be aggressively purchased at these levels.
Looks like the second largest shareholder, an institutional holder is selling shares and I would be buying the shares they are selling ...
ITI is still buying shares and will continue for the foreseeable future.
You will be wise to not let this opportunity pass by without getting longer ITI shares.
Seize the opportunity.
Good luck.
Iteris conference call TODAY ...
The Iteris (ITI) conference call is TODAY. Be sure to listen to the call or replay of the call.
Pay attention to the share buyback information as well as the reported results.
Good Luck to all.
EVOQ needs a tourniquet ...
I get the sense this lil piggy is bleeding badly and needs big time help ....
A touniquet will stop the bleeding but it really needs a blood transfusion which means DILUTION.
Steer clear of this private piglet of a company lead by three blind expensive mice.
In a funny note .... Today, Los Angeles Mayor Antonio Villaraigosa joined the Campaign to Fix the National Debt Steering Committee.
How ironic as ....
The City of Los Angeles will file BK within 3 years because of Tony Valar.
Did Caverly say liquidation ...
I thought I read Caverly using the word liquidation.
Since this is essentially no longer a public company, the net proceeds of liquidation will first go to the new insiders disguised as fees etc.
Anywas, no reason to invest in a company like EVOQ. The BK Judge made this uninvestable.
The corporate minutes ....
EVOQ apparently released the prior 2007, 2008 and 2009 corporate minutes of MMPI as part of a declaration of the new in-house legal counsel ..
Something is in the minutes they do not want disclosed and are moving to get the information expunged from the court ...
OOPS! The f..kd up and publicly disclosed the info.
I have a pdf copy.
If you would like a copy please feel free to provide an email and I will send you a pdf copy.
I do ....
I have some EVOQ ....
Banked over seven figure gains on MMPI and redeployed most of the proceeds into my new favorite ...
The BK attorneys made multi seven figure numbers on MMPI
This is dead money now IMO.
LA will impose new sales taxes on RE sales ...
The City of LA is bankrupt and they are now proposing raising sales taxes on real estate sales to approximately 1% to fill a budget deficit.
The power to tax is the power to destroy.
Watch out down below.
Staying on the sidelines as this company slowly liquidates and pays fees and commissions and compensation to the new insiders.
Good luck to all.
Iteris conference call this Thursday ...
The Iteris (ITI) conference call is this Thursday. Be sure to listen to the call or replay of the call.
Pay attention to the share buyback information as well as the reported results.
Here's a link to the press release announcing the call ...
http://finance.yahoo.com/news/iteris-sets-fiscal-second-quarter-120000943.html
May get long a few shares in front of the news even though ITI is really not a trading stock ....
Good Luck to all.
Don't be a chicken ...
It's nice to see individual investors taking the initiative to leverage the internet to their advantage ...
Please feel free not to be a chicken and share your analysis of ITI and I will do the same ...
ITI is 50% consulting and 50% a technology company growing at double digits in a challenging economic environment with a growing presence internationally.
The balance sheet is rock solid and they have a great executive management team that has a firm grasp on the market for their products and is building a moat of information that will lead to its customers paying ongoing royalties for access to the database.
The company is also repurchasing their shares in the open market which is a BIG signal on where management views the relative value of the shares.
IMHO, this stock will at least double in price and has a very good chance for much much more.
Now don't be a chicken to share.
Good luck to all.
Taking my ball and playing on another field ...
As you all may know I have substantially reduced my EVOQ holdings as it's too risky with sub par management IMO and LA is bankrupt and can't even repair potholes in the streets.
I have proof of the LA pothole problems as my daughter blew out TWO tires (front and rear on driver side) on my MBZ as she was driving to get a milkshake in BH of all places.
EVOQ will not be able to avoid the potholes in front of it either.
I'm taking my ball and playing elsewhere but will poke my head in here to keep all of you amused at times.
You can catch me here ...
http://investorshub.advfn.com/Iteris-Inc-ITI-25685/
Good luck to all.
The largest shareholder ...
I understand the largest shareholder has an open order to buy every share available for sale below the market ...
A floor below the market for ITI and the company is actively buying shares at the current market price.
Nice set up for higher prices ahead.
ITI has $20 million in the bank ...
Onward and upward ...
Great balance sheet, no debt, top notch management team and great industry.
Growing at a double digit pace too.
Glad I own a truckload of this company.
Good luck to all.
Some good news this week ...
Shared a name and idea with EI that has the real potential for at least a double or even a triple in the next couple of years as it sits on a pile of cash, is debt free, is growing in double digits, national and international footprint, is profitable and cash flow positive and is buying back shares adding value to every share remaining (anti-dilutive) and no it's not APPL. :)
Has anyone looked at my long recommendation. It's the only stock I plan to own in the next several years and a 2 bagger is easy and it may just turn into a 3 bagger or home run. I've mentioned the name several times here and highly recommend you take a good hard look at it. The shareholder meeting went extremely well. Up and away it'll go.
Good news this week on my recommendation.
It's only the beginning and I highly recommend you take a serious look and get very long this name. I am very very long this name and sleep well at night knowing this.
I owe EI on EVOQ for reasons you/he may not fully understand and I hope he's getting long this name in a big way.
Nuff good things happening here with the new name that I hope EI takes advantage of the new name
As far the new name -- Good news begets more good news.
Good luck to all.
State takes over ....
So the State of CA declares an emergency and takes over the financially strapped Inglewood School District ....
http://www.dailybreeze.com/news/ci_21548079/state-takes-over-financially-strapped-inglewood-unified-school
The state loaned the district $55 million ... the funny thing about this is the state doesn't have $55 million as it's own bank accounts were overdrawn by $20 BILLION as of August 31, 2012.
So here's the landscape ....
Alex Cherniss, chief business officer with the Los Angeles County Office of Education, says he believes as many as 10 school districts in Los Angeles County are teetering on the brink
A Conga line with all the LA school districts doing a Kabuki dance into BK.
Can't wait for an entire takeover of the 10 districts by CA ...
It's time for prayers ...
http://www.sfgate.com/business/bloomberg/article/California-Mayor-Asks-for-Prayers-as-Her-City-s-3896446.php
http://www.bloomberg.com/news/2012-10-04/california-mayor-asks-for-prayers-as-bankruptcy-looms.html
Be long and you'll be wrong ...
Get out while the getting is good ...
Good luck to all.