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Anyone ever hear from Ico?
RRMS: Had to. Sticking with the plan. Added shares 28.55. Painful to watch prices continue to drop as I add shares. My view is longer term and this sell off just ain't right. Going with what I think. IMO this puts RRMS in bargain basement level.
RRMS: took more shares 34.43 avg
Article:Dividend-rich oil and energy MLPs are investment bargains now
http://www.marketwatch.com/story/dividend-rich-oil-and-energy-mlps-are-investment-bargains-now-2015-08-11?siteid=yhoof2
RRMS:Stifel downgraded Rose Rock to Hold from Buy. The firm says that the risk to Rose Rock has increased following a decline in the volume of the company's White Cliffs pipeline last quarter, while it is poised to face additional competition from two new pipelines going forward.
Guess that explains some of the sell volume yesterday
TCPI: Agreed. Longer time line view and I think so too. A plus is the new CEO.
re: RRMS being close to bottom> I do not know. There has definately been some exiting in this one. I have another bid in a bit lower and hope to have it fill. However, I am patient with a longer term view. Nice yield that does not appear in jeopardy. Company reaffirmed distribution growth. If anything, that growth could be reduced. Not sure who can predict the oil market, certainly not me. But I still think this is a good buy for someone who can buy and hold and add additional units on 10% or so further drops. Never achieving a full position until it reaches bargain basement pricing. Where is bargain basement...I dunno...sub $30 most definately is bargain basement but not sure it will see that.
Just my thoughts and I am no investment advisor. I just share and trade what I think.
RBC cut price target to $52 from $60 and maintained outperform rating. To me, this is one of the best MLP midstream stocks out there.
Good luck.
TCPI: Laura Hauser settles for 3.9 M link:
link: http://www.sec.gov/Archives/edgar/data/1545391/000162828015005961/form8-kx08032015.htm
TCPI: 4.93>..from a $2.30 entry > also doubled up on new CEO announcement. Top notch industry veteran
Earnings next week.
re:>RRMS:declared a cash distribution for the second quarter of 2015 of $0.650 per unit, or $2.60 per unit on an annualized basis. This distribution represents an increase of approximately 2.4% over the prior quarter's distribution of $0.635 per unit, and an approximately 21% increase over the second quarter of 2014 quarterly distribution of $0.535 per unit
This was the buy indicator I mentioned. Added sub $38 this morning.
RRMS: Worth consideration for the beginning of a buy and hold position here at 39.80. I added a few shares at that lod. This is an MLP. Yield is now almost 6% and distributions are projected to increase 15% yearly. I have been in this since IPO. Solid company. Should announce this Q's distribution within a few days. If it does not drop (which it never has) that would be an indicator and another add point IMO.
Do your own DD on this.
http://ir.rrmidstream.com/Cache/1001198438.PDF?O=PDF&T=&Y=&D=&FID=1001198438&iid=4308013
RRMS: Worth consideration for the beginning of a buy and hold position here at 39.80. I added a few shares at that lod. This is an MLP. Yield is now almost 6% and distributions are projected to increase 15% yearly. I have been in this since IPO. Solid company. Should announce this Q's distribution within a few days. If it does not drop (which it never has) that would be an indicator and another add point IMO.
Do your own DD on this.
IRIX: preliminary revenues of approximately $9.0 to $9.1M, had provided revenue guidance of $10.7 to $11.1M
I expect this one to take a big hit on margins too. Exited small starter position. Will be patient and wait for this to settle before re-entering. Hoping for a deep value buy.
CEO William M. Moore said, "The revenue shortfall was not caused by a change in demand for the company's products, as demand remained strong during the second quarter, both for capital equipment and our consumable product categories. Instead, we experienced production difficulties as we ramped up production for certain legacy and new product offerings. When these production difficulties began manifesting as quality issues, including increased instances of out-of-box failures, we made the decision to reduce shipments, particularly to international distributors until we are confident that we have resolved the production challenges. We have invested in additional quality and engineering resources and have incorporated new processes designed to ensure the level of quality that has been associated with IRIDEX for more than two decades. We anticipate that corrective actions will be in place and the supply chain issues will be solved by the end of the summer."
2015 Revenue Outlook
Based on the supply chain matters and impacts noted above, the Company will provide revised outlook and guidance on revenue, gross margins and operating expenses when it reports its full results in early August
enough with patience, covered 25.40>NNBR short 25.81
Just glad to book a little profit. May find $24ish eventually. Was well supported by
KeyBanc Capital Markets Inc. acted as sole book-running manager for the offering and William Blair & Company, L.L.C., Stephens Inc., Stifel, Nicolaus, & Company, Incorporated, Avondale Partners, LLC, CJS Securities, Inc. and Regions Securities LLC acted as co-managers.
TCPI New CEO:Renowned lighting industry expert to lead TCP growth
http://www.streetinsider.com/Management+Changes/TCP+Intl+(TCPI)+Appoints+New+CEO/10696755.html
NNBR short 25.81 on pricing of big offering @ $24.00
Thanks..missed the opening short by 19 cents. Did not feel comfortable chasing it down so just waited for a buy point
exited 26.97>NNBR: back in 25.52
NNBR: back in 25.52 on rev guidance cut due to Brazil economy. Solid company.
GNBC (merger/acquisition)news should move this one, low vol stock
Green Bancorp, Inc. and Patriot Bancshares, Inc. Announce Merger Plans, Creating a Premier Texas Banking Franchise
Creates the 15th Largest Bank Headquartered in Texas
HOUSTON, May 27, 2015 (GLOBE NEWSWIRE) -- Green Bancorp, Inc. (GNBC) and Patriot Bancshares, Inc. announced today they have entered into a definitive agreement and plan of merger valued at approximately $139 million based on the closing price of Green Bancorp common stock on May 26, 2015. The merger will result in a leading commercial bank specializing in serving small-to-middle market commercial clients in Houston, Dallas and Austin.
Upon completion of the merger, the combined company will have approximately $3.6 billion in assets, $2.8 billion in gross loans and $3.0 billion in deposits across 23 locations operating as Green Bank. Patriot Bancshares adds 6 locations in Houston, 2 in Dallas and 1 in Fannin County, Texas, strengthening Green Bancorp's existing presence in the Houston and Dallas metro areas. The combined institution will be the 15th largest bank headquartered in Texas and the 7th largest Texas bank by deposits in the Houston metro area.
Green Bank Chairman, Manny Mehos, said, "We formed Green Bank in 2006 to take advantage of what we believed would be a wave of consolidation in the Texas banking industry. Our goal from the beginning was to build a $5 billion in assets bank with a geographic focus on the very attractive growth markets of Houston, Dallas-Fort Worth, and Austin. Over the last nine years, we have successfully completed and integrated five acquisitions building Green Bank into a strong middle market bank with over $2 billion in assets."
Mr. Mehos continued, "Today, I am very pleased to announce our merger with Patriot Bancshares which marks a significant step towards the realization of our goal as well as positioning Green Bank to accelerate our strategy. This merger provides the necessary scale for Green Bank to be a significant competitor in our markets as well as an extremely attractive merger partner for future deals."
Geoff Greenwade, President and Chief Executive Officer of Green Bank, added, "Patriot Bancshares is the perfect partner for Green Bank given their complementary branch network, similar business philosophy, and opportunity to leverage our bankers' relationships to drive organic growth. Patriot's management team has built a bank that fits very well with our portfolio banker model. This merger also helps to strengthen our existing presence in Houston and Dallas in addition to diversifying our loan and deposit bases."
Don Ellis, Chairman and Chief Executive Officer of Patriot Bancshares, concluded, "Today is an important day for our bank, our employees and our shareholders as we join the Green Bank team. I believe this merger positions our combined bank to become the premier Texas franchise and believe Patriot shareholders will benefit from the long term value creation that this platform is uniquely positioned to generate."
The combined company will continue to operate under the Green Bancorp name and its principal banking subsidiary will continue under the name Green Bank, N.A. The combined company will be led by Green Bancorp's Manuel Mehos as Chairman and Chief Executive Officer, Geoffrey Greenwade as President, John Durie as Chief Financial Officer and Donald Perschbacher as Corporate Chief Credit Officer. Patriot Bancshares Chairman and Chief Executive Officer Don Ellis will be named Vice Chairman of Green Bancorp's board.
The merger agreement provides that Green Bancorp will issue at the closing 10,757,273 shares of Green Bancorp common stock to Patriot Bancshares shareholders in exchange for all outstanding Patriot common shares as well as Patriot Bancshares' $10.4 million Series D and Series F preferred stock which will be converted to Patriot common stock in advance of the closing. In addition, it is expected that Patriot Bancshares' $27.3 million Series B and Series C TARP preferred stock (now held by private shareholders) will be redeemed in connection with the closing. The transaction is expected to generate significant earnings per share accretion from identified cost savings. Upon closing, Green Bancorp shareholders will own approximately 71% of the stock of the combined company and Patriot Bancshares shareholders will own approximately 29%.
Approvals
The transaction has been approved by the Boards of Directors of both companies, and is expected to close in the fourth quarter of 2015. The transaction is subject to approval by each company's shareholders, as well as regulatory approval and other customary closing conditions. Certain shareholders of Green Bancorp and Patriot Bancshares have agreed to vote in favor of the transaction.
Advisors
Jefferies LLC served as financial advisor to Green Bancorp. Skadden, Arps, Slate, Meagher & Flom LLP served as Green's legal counsel. Keefe, Bruyette & Woods, Inc. served as financial advisor to Patriot Bancshares. Harris Law Firm PC and Fenimore, Kay, Harrison & Ford, LLP served as Patriot's legal counsel.
MGI, good luck with it.
covered 16.95>MTZ short again on bounce 17.45
MTZ short again on bounce 17.45
I think Copperfield is on it and they are the alias that got after EBIX for so long and caused great havoc with them.
LPSN covered flat 8.30
re: BBSI - some just do not act right for me and I try to leave them alone. So tempting but....it just did not behave the way I thought so I am best to leave it alone and just accept the loss I took. I only took small position ...and for that exact reason..in case it did not behave as I thought it should.
BBSI: bailed, took the loss
BBSI:small bite 40.50 on sell off, noted SEC investigation on Workers Comp reserves
BBSI has been informed by staff at the San Francisco office of the Division of Enforcement of the Securities and Exchange Commission (“SEC”) that it has obtained a Formal Order of Investigation in connection with its review of the Company’s accounting practices with regard to its workers’ compensation reserves. The Company is cooperating fully with the SEC staff in providing the requested information.
Director just bought $1.4M $46.81 share
http://www.sec.gov/Archives/edgar/data/902791/000089291715000008/xslF345X03/primary_doc.xml
LPSN short 8.30 on guidance cut. Not expecting a big drop from here but...
(edit) covered 1/2 16.62>MTZ short 17.64 on guidance cut
KOP:$26.87>24.25>22.46>long a few 16.05
GNBC 14.25 from 10.00 add. Noticed buyer early yesterday. Put some shares out there and left to go play golf. Come back to see he reached my shares for HOD and took them all. I still have a fair amount.
I am also waiting for a bigger move on IBTX to show up.
24.25>KOP 22.46>long a few 16.05
Nice tradin Griff! I was too greedy on that move up.
ABAX in a bite 55.07, looking for a bounce
MiamiGent>TCPI: Earnings Monday after close. It is set up as a nice play IMO. Gives you time to look it over before then.
I still have quite a few shares left from $2.30.
As with all earnings, it can be a crap shoot to hold through earnings but....I bought these with spec money and have a lot of cushion so I will be riding them. No specific target price except north of here.
Just passing along info on an earnings play since I know you like them.
=======
from 4Q PR...
Mr. Yan continued, "Strong demand for our products continued into the first two months of 2015, although March sales reflected our decision to delay shipment for some products. As previously announced, we have completed testing on substantially all of our fastest moving SKUs, and with quality and safety affirmed and shipments resumed, sales trends are returning to more normalized levels. We have been very pleased with the support we are receiving from customers and remain confident in the business and TCP's competitive position."
============
AURORA, Ohio, April 28, 2015 /PRNewswire/ -- TCP International Holdings Ltd. (TCPI), a leading global manufacturer and distributor of energy efficient lighting technologies will report 2015 first quarter financial results, after market close on Monday, May 4, 2015.
TRN: in some 30.25, earnings, guidance. Carries DOJ investigation overhang..which has killed this one
(edit)out 20.62>BGG in some 20.25 avg on earnings, quick trade only for me