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Earning 3 cents a share? More like losing 3 cents a share
Reading through it now and doesn't look great to me
The problem with your post of the marktibg, events,etc... Is that you swamp the board with them on days rox is down and post those thing much much less when the stock is up. Leading me to believe you are trying to distract from conversations about how bad the stock and management has been
All this board should be posting is 6 YEAR low!!!!! Long term owners getting crushed
LOL between you and funman you are half if not more of the post on this board. Of course you 2 support each others post
Can we keep this forum to mostly talk about the stock and not every little advertisement or event castle brands launches please. Everytime this stocks drops I look at the board and just see you guys talking about stuff that is irrelavant or at the least very very very loosely tied to the stock.
On a sidenote: WTF is going on ROX they are getting CRUSHED!!!!!!!
I have been a loyal stock holder for a long time and although I never bought in at the crazy prices I did think fair valuation was around $1 per share as they have great growth and no foreseeable debt issue. The only issue I see if that 1 management is increasing there pay while the stock has yet to report a profit and 2 they keep buying up inventory to the point where they report a loss every quarter. On this not it is not by a small amount they increase inventory by 7.5 million during a 6 month period but for the quarter they report a 200-500k loss. Why not just buy only increase inventory 6.5 so you can report a profit???????
I think the entire market is going down and ROX is following. I also think you might have some bigger investors who are getting out. I hope it is DR.Frost but if that is the case he would have to sell small amounts of shares every single day for years and years before he was completely out
they report $216,000 loss but "the Company purchased an additional $7.5 million of bourbon in the six-month period". So if im reading this correctly they would have reported a profit if they instead only purchased
$7 million in bourbon during this time
which if i remember correctly is 2021. So its gonna be "awhile" and in the meantime that is alot of interest
So this interest expense wont be going down in any significant way anytime soon is what im hearing.
Jeez you see the presentation? Why did interest expense jump so much? didnt they just renew loan with frost?
short sqeeze!
I'd say he is right it doesn't effect the fundamentals business but he owns around 34% of the company so if he decides to sell the stock it would plummet. Why would he sell the stock? IDK I don't think it is a real concern. Also Dr frost has given them loans which helped a lot in the past but now rox has re-upped the loan at high rates as a thank u to frost but I still think they should renegotiate at smaller interest rate for sure.All this said this bad PR could send ROX lower which is great for longer term investors with long term time horizons. I think we will. On to u to see it trend down for now until we get some good news on the case or ROX reports earning
So Soldier, what are your thoughts on recent sell off?
NSU had alot of cash on hand and was looking to buy another mine and payed a dividend when i first bought. They purchased a not so lucrative mine and stopped the dividend but still had alot of cash on hand for the future so I held out and glad they finally got a takeover bid. I dont see what will make this move much higher after acquisition now unless metals start moving up alot. So my next question is what other smaller miners are out there with little debt and at least a little profitable?
No price range? that doesnt make sense, ROX isnt even the company in question in this investigation. If you do analysis and you come to what you think it is worth lets say $1.20 a share for example and it dips to .80 cents because of another company is investigated which has no ties to ROX except on big investor then why would that not be an opportunity.
I dont see how this investigation of Frost crosses over into ROX other then he could sell his stake if he wanted which is a huge position but still why would he sell out of liquor sales because biotech is investigated. Perhaps there is more cross-over and you could lay it out for me?
This will be a long ride and we are in the first stages of this. OPK has no impact on ROX other then frost investment but there is real value with ROX. With real sales and assets that are growing. The question is what is it worth and will this put it within your price range. I expect this week it will swing hard, either up or down but be ready either way.
I would like to see frost investment in ROX stay as this might be one of his few investments outside the realm of stock trading and biotech I wouldnt think he would want to distance himself from that. Also he has supplied the financing for ROX at not favorable rates to them but have but ROX gave him the sweet deal because he helped them earlier. I dont think it made alot of sense but hopefully this will help give them the leverage to renew deal on better terms.
I would agree that it is unlikely that ROX got hit to hard if at all from this but unfortunately stocks dont always trade on facts. This is especially true for stock with smaller market caps and lower volumes
pretty sure if we find out that ROX got hit by that barrel accident then this thing gets hit hard next week. Hate to say it but I dont think that they managed to come out of that untouched.
anyone have experience with options or know the board on investorhub for options talk?
Today was a painful for this stock. I got my hopes up but expected to much to fast. The numbers are really good and obviously moving in the right direction but this stock is only for those in for the long haul. I do think it is very solid company now but could be sitting on it for awhile before we see any significant upside movement
Nope i think the fist deal for the 20million was good for the reasons you stated but that ended in 2019 which I think was fair. I dont however think extending that deal to 2020 was
Ya i dont disagree that they can go whichever route they would like and Joint ventures could want something other then what ROX would want im arguing that it wasnt in the best interest of the company.
From what i read they lost $300,000 this Q right?
The 11% on 20million is costing them $220,000 a year so if you cut that. For every percent they can cut thats an extra 20k they save and with them being so close to profitable it counts. Also at this rate by the time they are profitable in any significant amount he will convert his shares and make it that much harder to report decent eps. Its a 200million market cap so converting 20million to shares is 10% dilution which is nothing to overlook
Oh ya this is gonna take a thrashing in the short term which I dont htink is unjustified. They have had alot of time to report a profit and they keep financing debt at 11% which is ridiculous
Jeez i dont know why they would extend credit at 11% when they should take care of the shareholders and refinance it at half that rate. ( Of course I mean shareholders other then Frost)
Do you know what the interest rate is for the newly secured financing?
Great to hear they secured financing till 2020 but what is the interest rate on that at?
I saw the goldencross set up i believe last week but then it dipped a few cents. But with it slowly building back up to make golden cross again I think this is solid sign before ER
Im not seeing the interest rate on the first 18million they owe but im thinking thats the loan that is at (.75%) a month right? Also im gonna ask the obvious question. Why dont they refinance the loan at a lower rate?
What is the current amount of debt Rox currently has?
I think it has solid ground to continue to run from here but it is a waiting game for earning now
ya seems to be holding steady. I think this is consolidation and just waiting for some more good news
Just waiting for the Earning Report now Im thinking it will be 3 weeks away but nice consolidation so far. Expecting it to break the 1.72 range soon
Well its been awhile since ive been on the board but I did hold my position as it went from $1plus a share and watched it go to .70cents but i knew they would finally post a profit and then with this news this should put them over the top easy. GO LONGS!!!!
Wouldnt they have posted a profit this Q if they didnt buy so much inventory?
I think most of it was just the "Fast Money" that had bought in hoping for a great Q. Traders sold out and solid buyers stepped up
Was a Solid but disappointing quarter. Still waiting to see a profit, but it was known before that this is typically there slowest quarter so expecting a profit this quarter was asking to much. I liked to see them up the inventory even though that puts us in the negative it bodes well financially and even though it is "Dead Money" for a few year the longer they wait the better the margins.I think the stock stays within the .80-.90 until next Q unless we get good news before then.
So I guess everyone isn't that surprised by this Q but ill say it im disappointed in ROX. Revenue was lower then expected and selling expense went up at a faster then expected rate. Management gave themselves a significant increase in pay. Only good thing to report is good continued growth and significant growth in a few of Castle's bread winner brands and even with the pay raise management pay isn't considered crazy high compared to its peers but they are smaller and should be a leaner operation. This was an ok Q but I was hoping for a good or great Q and really though this would be the time they announce they re solidly profitable with a decent 1cent per share earnings
Pretty sure todays volume pickup can be attributes to the upgrade