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"I believe they put every type of loss they could get away with in the fourth quarter so they can set themselves up in a better position for 2015 numbers."
Spot on.
That's very impressive.
Hedge funds can invest in any asset/asset class they want to.
These people are emotional and irrational - or have other motives if they are calling ECIG a "scam".
I can walk 4 blocks away from my apartment in NYC and go buy a FIN at Rite Aid. Sounds like a real "scam" of a company.
Holy smokes(no pun intended), a psychologist can have a field day with this message board today.
I've tried through several outlets to get the H.C. Wainwright research report to no avail.
I reached out to the analyst and no response. Investor Relations has a copy but they are not allowed to distribute it (they were very responsive and friendly, though).
Anyone have access to the report and can post it here?
I think we're all waiting in earnest for Q2 results.
Plummeting in After Hours trades right now
Reynolds American CEO on CNBC right now.
They are asking her questions about vapor, marijuana etc.
You wouldn't be bleeding if you actually just traded this stock instead of holding it and waiting for the second coming of tobacco Jesus to arrive, wave a VLN cigarette like a magic wand and make this stock $9 a share.
This stock is usually a good trade when it hits the 2.30's level for an easy 10% to 30%+ trade. Well, that's in normal bull market conditions we've been in. If the market continues to deteriorate, the predictability of this stock bouncing up and down like a yo-yo within a specific range will quickly be out the window.
I'm still amazed that people take credence in Chardan's analysis and price target. This stock is a long long way off from ever hitting $9 - if it ever does.
Praise tobacco Jesus.
Arch Capital beats by $0.20, beats on revs
4:43 pm Arch Capital beats by $0.20, beats on revs (ACGL) : Reports Q2 (Jun) earnings of $1.17 per share, $0.20 better than the Capital IQ Consensus Estimate of $0.97; revenues rose 19.9% year/year to $971.9 mln vs the $939.42 mln consensus.
Company's book value per common share was $43.73 at June 30, 2014, a 5.3% increase from $41.52 per share at March 31, 2014 and an 18.8% increase from $36.80 per share at June 30, 2013.
http://finance.yahoo.com/news/arch-capital-group-ltd-reports-201100195.html
I hope we get some more volume and with that some more normalization in bid/ask spreads. The spread is a bit ridiculous right now.
Thanks, I appreciate the thoughtful reply!
At this point considering how the markets are doing, I'm actually surprised how well this is holding up now.
I may dare to say that we even turn green today.
Understanding who initiates coverage of an equity and why can be revelatory, to an extent.
Of course what matters is expectation and delivery - something Marathon has going for it on both ends. It's a solid company.
The analyst (Amit Dayal) that initiated coverage on Marathon was previously at Rodman & Renshaw for 7 years.
Also, who Marathon hires as investment banking advisers is important and can be indicative of what might be in store for them in the future.
I'm hoping they align themselves with a bigger name in IB. I'm not saying they are doing business or going to be doing business with H.C. Wainwright & Co in the future, but it's possible. If that is the case, in my opinion, is not a good sign.
Your last post on LIQD was "Go baby go !!"
Now it's "WORTHLESS POS"
Thanks for the insightful analysis.
I hope this is a precursor to getting coverage from bigger investment banks, which is fundamental to any real price action going forward on the NASDAQ.
My feeling on seeing H.C. Wainwright & Co issue a rating is neutral to negative.
H.C. Wainwright & Co, just like other small specialty finance investment houses, is in the business of helping micro and small cap companies do secondary offerings. Sure, they have "independent" research divisions. Anyone who works or worked on Wall Street knows the "chinese wall" setup to stop the investment banking side, trading and retail from influencing the research side is a bunch of malarkey.
Can this be an indication then that a secondary may be coming in the near future? I say it's very possible. If that is the case; I hope they time it correctly, i.e. after a wave of stock price appreciation and positive events.
Also, if you do a quick search of Amit Dayal's stock coverage and check the performance - it's not impressive.
That's just my two cents.
Lets hope more influential players initiate coverage soon.
You nailed it.
I agree, this is going lower/nowhere for now - most likely lower.
When is the next earnings date expected?
I've been a part of a fair number of uplistings and sometimes they go off to the moon and other times it's the complete opposite.
If the proper events unfold; this stock can easily double in the next month or two.
Key events: Ringing the opening bell, CNBC interview, Analyst coverage initiated, a flurry of articles from the likes of Investor Business Daily and other investment news outlets, earnings momentum,etc etc...
Exposure to the mainstream retail investor, along with more exposure to institutional investors is key.
On the negative side, I've seen a lot of companies uplist and shortly after use their newly gained liquidity and perceived prestige of being on a national exchange to quickly do a secondary offering and tap into some more cash.
Sometimes a lot of early investors see uplisting as a nice time to exit and take profit as well and if that happens while this is still a relatively little known company - it can get bloody very quick with such a low float.
I'm personally optimistic that this company and it's shares will be performing quite well in the next couple of months.
Marathon Patent Group, Inc. Announces Uplisting to The NASDAQ
http://finance.yahoo.com/news/marathon-patent-group-inc-announces-130000649.html
&
http://seekingalpha.com/article/2298225-marathon-patent-group-best-of-breed-in-patent-space
Ringing the opening bell.
I wonder when they will be ringing the NASDAQ opening bell.
Interesting, thanks!
Uplisting plans?
Any talk about this company uplisting in the near future?
Revenues are solid but margins are pretty shoddy. They don't have much cash. If they actually had a decent cash reserve this would look like a very solid story.
I'm concerned about a secondary happening fairly shortly after they uplist to the NASDAQ. They also apparently won't be able to continue such great rates of rev growth, as stated in the earnings release.
I'm on the fence with this one so far.
Patent allowance opens opportunities for 22nd Century Group
Article from Buffalo Business First: http://www.bizjournals.com/buffalo/news/2014/07/07/patent-allowance-opens-opportunities-for-22nd.html
What to Expect When the Russell Indexes Rebalance
An old but useful (the statistics) article: http://www.eventvestor.com/ev062310.php
I have to say, that's an impressive list of events/catalysts you highlighted; with a tinge of humor to boot.
Good work.
Haha, no worries ztockings (eom)
I sincerely mean no offense by this....
but do you know how to read? Don't sling accusations of desperation at me when I was making a darkly comedic commentary after addressing a question another poster brought up asking if there are essentially IP holding companies making money.
The suing comment was in reference to how most IP/patent holding companies make money these days, which is through suing the hell out of big companies using their technology without permission or even challenging their right to own the patent in court. Most of the patent holding companies usually win and it reaps big rewards for shareholders. I was jesting that it would have been better off if BAT or another big tobacco company stole and successfully used XXII's technology at this rate. It's something called a joke.
I wasn't indicating that's the case with XXII, just poking fun. So, please, calm your nipples, good sir.
Even better, for people who really want to be proactive is to call the research team at BAT. I'm sure their information can be easily found and try to see if they hint at anything interesting over a phone call. You could always take them to a pub and get them s**t faced and see if they talk about any plans or breakthroughs ;)
I was darkly referring to the way a lot of these patent holding companies make money. They usually make it by suing the hell out of the big companies using their technology, instead of licensing it to them per say.
"Is anyone familiar with another company that simply licenses their technology out to big players? I'm talking about any Industry."
There are a ton of companies and some trade publicly, that are simply intellectual property/patent holding companies: http://envisionip.com/blog/2013/04/15/508-publicly-traded-patent-holding-companies-yield-impressive-returns/
Maybe if one of the big tobacco companies steals 22nd Century's technology from them, successfully sells products using their tech; then we can make some bank, lol.
Tom, thanks. I appreciate that you've gotten some value out of my posts.
While I've let people speculate about my motives about what I'm trying to do with this stock, I'm actually long again and have been for a bit. Yes, I've been long this stock again as a "trade." Something I've been clear with everyone that I planned on doing as I see this as a trading stock. I'm not getting into specifics of my position here anymore because people are way too vicious and personal on this board when you try to be an honest and open guy about your mistakes and your trades.
I've been critical of this stock while holding it. Believe it or not, you don't actually have to be a cheer leader for a stock just because you own it. Would I like it to go up and go up quick and big now? Of course. Will I sell if it does? Most definitely. That doesn't negate the fact that the stock may continue to go up afterwards but I don't really care about that. I'm not here to be an investor of this company for years (although I may still follow it for years, it's an interesting story). If some of you are, that's fine and I hope it works out for them. I rather opportunistically take advantage of the the inevitable swings to come.
I have not been trying to manipulate the share price lower or scare people out of their shares. For goodness sake, I'm just trying to present a critical view without "bashing" the stock and I seem to be the only consistent person here doing that without ranting about "MULCH" or screaming "scam". I'm not even convinced most of the people here have big enough positions that even if I wanted to "scare people out of their shares" that it would even matter. I'm here just like so many others are here; to discuss the merits and future of the company - both good and bad. While people like to focus on the "bad" of my posts, I've said before that 22nd Century's IP technology is great and I think they would better be focused on that and Pharmaceutical partnerships more so than sinking their money into what I believe will be a money losing cigarette manufacturing enterprise. Cheers.
Berkshire Hathaway is a holding company.
Completely invalid comparison. Why don't you take a look at the companies it owns and their websites.
This is about a products website; Red Sun cigarettes.
Your point is moot.
"Some of XXII's management came from Santa Fe and others from RJ Reynolds!" and "They have been in business 30 years selling natural additive free cigarettes."
OK.
So all that experience told them to throw together a horrible website and dress the CEO in a fish shirt holding a pack of Red Sun cigarettes as their model? Marketing genius I tell ya!
Their experience doesn't for the slightest guarantee success. Also, how much money did Santa Fe pour into marketing and POS discounts to build their costumer base? You do realize they had decades to build up their brand in an age where cigarette commercials were still around, don't you?
Known and well accepted to who and how?
What focus groups have been done? Studies? Lets see some tangible proof that these cigarettes are deemed to be premium by consumers. All you have is the company saying they are. That's considered due diligence? Just believing the company? Is this investing or religion?
Please stick to the topic of the company, products and the stock and not what I sound like. I'm not desperate for anything.
That's assuming Red Sun is really a "premium" cigarette.
What determines a premium cigarette? Is there an industry standard? Nope.
That means anyone can make up a story about how great their tobacco is and sell it as such. It's up to the consumer, based on his own subjective taste, to concur on whether or not it's "premium" to them.
So even if we reduce the number down to 20 or 30 "premium" cigarette brands, it's still fierce competition.
Do people really see salesman hustling to push Red Sun on someone in a tobacco shop when someone comes in and wants a pack of Dunhill? Seems rather far fetched. Lets say that does happen, how many people will be willing to try them? How many people will continue to buy them?
These questions can be answered to an extent by a little thing called a Focus Group. How many focus groups has 22nd Century Group conducted?
I posted overseas revenue before.
$52,500 in revenue from the Netherlands.
"This revenue was derived from the sale of our proprietary VLN tobacco to a customer in the Netherlands in the amount of $52,500..."
From the annual report.
Also, I believe this stock will go up big again. I'm not so sure about it staying there. For now it's a good trading opportunity. Hope that figure helps you.
Ha, yes, I'm all too intimate with how much being contrarian is not liked here.