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Can’t believe that was a decade ago now.
“In February, 2018, a new customer entered into a contract with Greystone to purchase plastics pallets with shipments occurring from May 2018 through about August 2018. The customer prepaid $4,595,034 to provide funding to Greystone for procuring raw materials to produce the pallets. Revenue will be recognized by Greystone as pallets are shipped to the customer. The unrecognized balance at May 31, 2018 was $3,404,334.”
Going to be a big Q1 it seems.
Hey T11, I am still in. As it is, the company has never been in a better position. If this turns into a large 3rd major customer and margins recover from the hurricane/ramp up period, we should double from here again easily.
GLGI - Some observations about GM:
I looked back at GM for the past few years:
They have had lumpy margins in the past, and when it is dipping their explanation seems to be ramp-up costs- specifically direct labor and production. Here from Q2 2015:
And if I'm not mistaken, the first positive shareholder equity in company history.
If they can keep anywhere near the recent margins while pushing top line growth, I'm very happy. They are too small to not continue to focus on rev growth
I agree, there should be good appreciation in 2017 if q4 comes in profitable with revenue over last year. Trailing EPS is .04 now, which puts us at a sub 10 P/E.
The development here has been very slow, but good. Going from one to two major customers is another big improvement.
Pretty huge quarter, it looks like this pallet leasing company is helping take Greystone to the next level.
I've been building a position as it's found support over the last number of months. Looking forward to more good news tomorrow.
It's been a minute, hope all is well.
This
I think the difference is the broader market. The market was hot a few years back, it's cooled significantly, especially in OTCs.
Also, the unclear transactions and continued debt situation are troublesome.
I havn't sold either.
Ah, yessir.
I think the big thing here is the fact that they have operations under control. Expenses were brought down to clear profitability in the time-frame they were shooting for. I'm never going to fault a company for transparency, either. Under-promise and over-deliver. I think investing in their platform is the right way to go in this industry. It's only frustrating if you want to unload on a big jump. In terms of PR, I just wish they would do more co-promotion with the brands they've work with.
That being said, I'm surprised we haven't seen a bigger jump here as well.
Traderfan, if you want to forward me that email at zachbuffett.ihub@gmail.com I'd appreciate it. I've spoken to them a while back, but it's irrelevant now.
Today is officially the second-highest volume day of all time for SYEV, dating back to January of 2010.
I think there are legitimate reasons to buy and to sell depending on what your interpretation is, but the numbers speak for themselves. I got screwed by MMs frontrunning my bid at .4101, which is frustrating, but I'm holding otherwise.
I think they are diversified that it won't hurt. What they lose in over-the-road, they will make up in expense savings.
And I think there's a forecasted turnaround for Ag, which should bode well. This beautiful little article was posted yesterday:
http://www.agweb.com/article/global-dairy-picture-brightens-domestically-naa-wyatt-bechtel/
Beautiful report today. Great earnings, $7 for the year makes it around a 4 P/E
http://finance.yahoo.com/news/paul-mueller-company-announces-earnings-200700134.html
Being proactive about managing their pension liability is a huge plus imo:
Looks like it came through today. I really love that they got the deal done under budget and we got the even $1.00/share instead of $0.99. Everyone deserved that extra cent.
Best of luck to the team, it was a good ride while it lasted.
This is the real sustained rally. Record numbers everywhere, white label was the answer.
Glad to see a few people still around.
Haha touche
Why did you go for far out of the money? Did you just put a small amount of money down?
What strike?
Quite the story of this buyout. It's no wonder management wasn't very responsive to reaching out in the past few years, this deal has been in the works for 2 years! It's also no wonder where the buyout was, they have been going back and forth on the price while the company has been growing and becoming more profitable, although it has been revised up a few times. But that $1 buyout in 2013 seems different than $1.08 in 2015. The whole document is a good read. I hope they do actually hold the meeting, i might go down for it.
http://secfilings.com/searchresultswide.aspx?link=2&filingid=11025166
Incredible, the current PPS would make sense if this quarter's results were the full year.
I agree, and I think a big support of that is the "private label" business that seems to be behind the growth spurt here
Let me know when you do, I enjoy your takes.
Somehow SYEV has always avoided the true hype train. I've never understood why, it has every possible thing going for it. I suppose OTC hypers don't usually want to look at real numbers...
Hey, sage has been around here since '11 too. It's crazy to think that you could have picked up high .20s a few weeks ago, the same as 2010. The company is in a completely different spot now, and there has been no dilution. What an opportunity.
Yeah we were comfortably in the .80s last year without all the pieces that are clearly aligned now. The numbers have literally never been this good.
Wow, that guidance. We're going to have over 10 million in sales this year. Net income over 2 million. $1 here we come.
One million dollars of net income in the last 6 months:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10950872-850-74211&type=sect&TabIndex=2&companyid=71794&ppu=%252fdefault.aspx%253fcik%253d1056757
The answer to 2, thought the point is moot, is that Amazon is a platform for an aggregation of goods to be sold in one place. Jagged Peak's proprietary software is used by individual companies as an all in one solution for them specifically. I have to say, I prefer the latter when trying to scale from this level. Their Nestle deal is a huge part of their growth, and adding one more on top of that would make the company a quarter billion easily.
The reason why the company has kept everything on the down low becomes clear, an easy play to take it off the market. The fair value is well over the offer, here.
You even see some small insider sales in the past year.
I'm bitter.
Usually these things take a while to finalize, so your money is tied up, and there's always the chance it falls through. OTCs usually trade 10% lower than the declared buyout, I'd say. A good arbitrage though, imo, when it's a great company that deserves a lot higher PPS.
I bought some today at .80 and .84
I'm still bitter though, here.
http://www.marketwatch.com/story/singapore-post-limited-to-acquire-a-majority-stake-in-jagged-peak-inc-2015-10-09?siteid=nbsh
I don't know about your feelings, but this is robbery, I'm not happy. How do we exercise appraisal rights for $2 plus fair value, eh?
There's a lot of resistance when you start shooting above the upper bands. It's traded like a textbook for the past 3 years, though, if someone were to be trading it for momentum. And the bullish momentum is in full swing.
Zzzz sleeping giant by all appearances. This growth without corresponding volume or pps movement.
Yessir, I still have all my shares since buying in the dip.
This outlook is fantastic, hopefully we see it continue. Two quarters at that top and bottom runrate would put SYEV over $1 easily. Good to see the lawsuit completely wrapped up, too.
Oh I know, yeah the intraday was brutal. Clearly one-sided biased comments are always hilarious. Such a unique culture to equity trading.
Actually, the chart looked pretty great at that point. There was a bullish MACD crossover on the weekly right before that dip, which also broke below the lower bollinger band. The chart was actually screaming buy. SYEV has followed technical conventions to a T for the past 3 years.