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AWRCF taking a digger
I don't see any news. Does anyone?
AWRCF Meeting - IH Value Microcaps rules
This Board certainly was well represented. There were 7 on the call and just 1 at the meeting. 8 total. Myself, Stanu, and Worthy made up 37.5% of the attendance. Beyond us was just one guy in Italy and the institutional guys, I think.
Who knew this Board was so influential?
AWRCF: Stanu I'm holding but not adding
My thoughts are similar to yours - I want to see some of the intended developments take place before buying any more shares.
I'm stil leery of the equity offering. Why not float a convertible instead? If the balance sheet is as published (which the caller from Italy questioned), the company is fairly well capitalized and ought to be buying back, not issuing, shares.
I have to see the firing of 2 officers for curruption as positive. I'm afraid there may be skeletons we haven't seen yet, though, as remnants of their tenure.
NXG: I agree, Roguedolphin
I'm surprised it got this low. I added some shares today.
Is there news on CYD negotiations?
I don't see any on Yahoo.
Below is the last I found from Feb.
As previously disclosed, CYI continues to seek implementation of the July 2003 Agreement which CYI entered into in an attempt to resolve the continuing difficulties which CYI has faced with respect to its investment in Yuchai. However, although approximately 19 months have passed since the July 2003 Agreement was entered into, the parties have yet to fully implement it. The parties have had periodic discussions as to possible alternatives for implementation, but have yet to reach a mutually acceptable solution.
Although CYI hopes that implementation of the restructuring contemplated in the July 2003 Agreement will resolve the continued corporate governance difficulties which CYI has had with respect to Yuchai, CYI is not presently able to determine when or on what terms any such restructuring will be implemented, if at all. As a result, no assurances can be given that disagreements with Yuchai's Chinese shareholders will not recur, or that CYI will continue to be able to fully exercise its controlling interest in Yuchai if such disagreements recur. Any recurrence of these disagreements could have a material adverse effect on CYI's financial condition, results of operations, business or prospects, including CYI's ability to consolidate Yuchai's financial statements or to declare and receive dividends. For example, although CYI has requested Yuchai to declare dividends, Yuchai has not to date done so for either of its 2003 or 2004 financial years. No assurance can be given as to when Yuchai, and in turn CYI, will declare or pay any such dividends. CYI is also considering other alternatives to address these disagreements, including litigation and/or arbitration if necessary, so as to protect the interests of CYI's shareholders and preserve the value of CYI.
AWRCF: STANU78
Were you on the call or actually at the presentation? If the latter, how many people were there? Hopefully, a lot more than the 7 in the phone.
I see it's down hard on relatively high volume today. Someone didn't like what they heard.
AWRCF Conference Call
Where was everybody? Only 7 of us were on it.
Some info:
Stated focus on governance.
Previous CFO suspended. Fraud investigation ongoing. Legal action pending.
Previous COO suspended. Investigation ongoing there, too.
Seeking Nasdaq or Amex listing. Visited Amex this AM. If I heard right, said goal is to have listing application in process before 9/30 with listing 60-90 days after application is filed.
Want to raise capital with equity offering.
Half the callers on the call expressed concern about issuing equity when stock is trading at half of book. I asked if there was a minimum price below which equity wouldn't be issued and they dodged the question, as expected, stating the obvious in that pricing would depend on business conditions at the time.
They did try to assure us that they wouldn't disregard minority shareholders with excessive dilution.
One caller complained loud and long that 2 independent directors were released and 2 less-independent directors replaced them. The CFO argued that the other directors weren't accessible and needed to go so that governance requirements like audit commitee meetings could take place.
More A/R writeoffs coming but not a large number.
Said they would release quarterly financials going forward.
Expecting about $300MM revenue for year. Said Q4 data will be out in 30-60 days.
Are you serious, deathtotaxes?
You said "I don't blame him a bit for taking as much as shareholders will let him take"
Since he is the majority shareholder, he can take whatever he wants with wanton disregard for minority shareholders. And obviously does.
You also said "I respectfully admire his strategy!"
I actually abhor it.
If that's really your attitude, I respectfully wouldn't want to get anywhere near a company you were running
APES CEO is too greedy for me
I sold the rest of my position today. Luckily, I had dumped most of it earlier.
The CEO owns 56% of the company so he can do what he wants. What he wants, apparently, is to take most of the profit. His comp went from 192K in 2003 to 436K in 2004. Thats a whole lot of comp for a $5 million company - about 8% of revenue.
APES loss of .01 on mgmt raises, bonus
Hate to see that.
Looks like .07 for SIMC last Q.
2 quarters in a row of declining profits. Not sure that justifies much of a run.
PYOL loss of .07 after charges
Backing out charges for a dry-hole abandonment and severance to an ex-manager, company made about .08 operating profit.
VLXC likely a scam. Check this out.
This is what the owner did with his previous scam. He apparently is a serial scammer. No legitimate stock trades at 1x earnings.
THIS MAYBE THE BIGGEST INTERNATIONAL FRAUDULENT SCAM INVOLVING A BANGLADESHI NATIONAL NAME JAVEED A. MATIN. ITS A DISASTER FOR FUTURE FOREIGN INVESTMENT IN GROWING TEXTILE SECTOR OF BANGLADESH.
According to posts at VLVT discussion site by hundreds of investors at the www.ragingbull.com and www.seliconinvestor.com one Bangladeshi businessman named Javeed Aziz Matin who used to live in Chino Hill, California, U.S.A. took a company public in the United States by submitting all kind of bazar false statements in the range of 100% to NASDAQ OTC-BB authority under the name of Veltex Corporation (symbol VLVT).
It seems the whole fraud/scam is pre-planned by one individual Javeed A. Matin, a Bangladeshi. His plan seems to be to use internet media to pump Veltex Corporations stocks with all kind of false PR newswires over the internet, than quickly DUMP some 30 plus million unauthorised shares and bring hard cash into Veltex Corporation's account.Then take the money out or cash it in the name of Machinery purchase using various false company and bank accounts to over invoice these
purchases, pocket the money and run away to Bangladesh. This seems to be exactly what has happened as as soon he cashed in all the money all PR newswires from the company stopped.
Biggest loots took placed on or August/September of 1999!! When Veltex Stock jumped over 1000% for few days and millions of unauthorized shares were dumped my Matin due to a series of totally false PR
Newswire were issued by Mr. Javeed A. Matin,CEO & Chairman of Veltex Corporation,(These PR newswires can still be viewed at www.bloomberg.com stock quote area enter symbol 'vlvt' than press at company news).
All the facts now coming into light shows that Mr. Matin also hired various stock recommending houses as well as PR firms in the United States, Canada and Europe to pump shares of Veltex Corporation (vlvt).
Center of all this is a small Textile factory in Comillah, Bangladesh. Mr. Matin claimed that Veltex Corporation of U.S.A. owned 100% of a Textile Mills in Comillah, Bangladesh under the name of Velvet Textile Mills Ltd. and that Mill in Bangladesh is making about U.S.$10 million in sales in 1999 alone and about U.S.$2 millions in profit with
projected sales in the range of U.S.$100 millions in few years.
Mr. Matin claimed in all the PR newswires that the mill in Comillah cost U.S.$12 million plus (actually less than half a million) employed some 315 peoples (actually less than 10 person)and he has offices and distribution centers in U.S.A., Canada, Europe and Asia (actually none) and it is run by a 30 years experienced American COO named one Charles Funderburk who is staying in Bangladesh and also a director of Veltex Corporation. The fact came to light now shows that Mr. Funderburk has no idea that he was a director of Veltex Corporation. He only went into Bangladesh for few weeks to help install some used 1973 model looms of German origin.
The truth is Velvet textile Mills Ltd. in Comillah, Bangladesh is a small textile weaving factory with few used looms 1973 year model Never had more than 10 person working, Never made a dime in profit, The factory is engaged in weaving defect fabrics, has no legal relationship with Veltex Corporation of U.S.A. as per The Registerer, Joint Stock Companies & Firms in Bangladesh. Velvet Textile Mills Ltd. is owned by Three Bangladeshi since 1995 including Mr. Matin who are fighting with Mr. Matin regarding ownership. Mr. Matin tried to buy them out with fraudulent bounce check in the range of hundreds of thousand dollars. Above all that factory in Comillah never went into commercial
production. Velvet Textile Mills Ltd. of Bangladesh is a domestic Bangladeshi corporation and can not be taken public in foreign
countries without due permission of Bangladeshi Government as well as Bangladesh Bank due to conversion of Taka into foreign exchange laws.
Len: ALLN
Good reply
I do understand the concept of these mezzanine deals only because I was involved with a company that had such financing.
A typical structure for VC's to employ, especially when recapitalizing later-stage companies, is to issue 2 types of preferreds. The first is "redeemable." It is essentially debt. It takes the form of a preferred with a stated liquidation value and dividend yield. Often, the dividends accrue but aren't paid, giving the VC an ever-increasing "preference" over the common shareholders.
As a reward for issuing the redeemable shares, the VC's also get convertible shares in tandem with it. Thus, the common shareholders face dilution as well.
Neither of these is obvious without digging into the K or Q. Just note that when you see the terms "Series x redeemable preferred" or "Series x convertible preferred," further digging is advisable.
In the case of ALLN, the preferred holders have the company by the balls big time.
Len, Wade: ALLN
Guys, watch out for all those mezzanine layers of preferreds. ALLN had 4 layers as of the last 10-Q. Together, they accounted for about 7.75 million of liquidation preference and 2.3 million of unpaid but accrued dividends. One of the preferreds carried a convertibility potential of 4.2 million shares and also had 850K warrants. I think 2 other preferred series' also were convertible but I didn't chase details since I'd seen plenty. So, this company has a long, long way to go before common shareholders will have anything near a 0 value on the balance sheet. Details below...
As of September 30, 2004, the Company had outstanding 25,000 shares of the Company’s Series C Redeemable Preferred Stock having a liquidation preference of $100 per share. There is no mandatory redemption date for the Series C preferred stock; however, the Company may redeem shares of Series C preferred stock at any time. There are no sinking fund provisions applicable to the Series C preferred stock. Series C preferred stock earns dividends at the rate of 8% of the liquidation value thereof per annum, compounded quarterly, until June 30, 2006, when the Company will be legally obligated to pay accrued dividends, subject to legally available funds for the payment of dividends as prescribed by the Delaware General Corporation Law. Any accrued and unpaid dividends as of June 30, 2006 on Series C preferred stock are a legally enforceable obligation of the Company, whether the dividends have been declared or not. Accordingly, dividends are accrued on an ongoing basis. The Company’s Board of Directors has declared dividends on the Series C preferred stock accrued since issuance of the preferred stock in 1996 through December 31, 2004. Accrued but unpaid dividends on the Series C preferred stock were approximately $2,261,000 as of September 30, 2004 and approximately $2,305,000 as of November 12, 2004. Any accrued dividends on the Series C preferred stock not paid by June 30, 2006 will compound thereafter at a rate of 12% of the liquidation value thereof per annum. After June 30, 2006, further dividends on the Series C preferred stock will accrue and compound at a rate of 12% per annum and will be payable quarterly, subject to legally available funds. The Company’s current credit agreement with S&T Bank prohibits payment of dividends on Series C preferred stock during the term of the agreement. The Company intends to seek elimination of this prohibition for the Series C preferred stock prior to the scheduled payment of accrued and unpaid dividends on June 30, 2006 and, if business conditions so permit, to commence thereafter the payment of scheduled quarterly dividends.
As of September 30, 2004, the Company had outstanding 2,750 shares of the Company’s Series D Convertible Redeemable Preferred Stock having a liquidation preference of $1,000 per share. There is no mandatory redemption date for the Series D preferred stock; however, the Company may redeem shares of Series D preferred stock at any time. There are no sinking fund provisions applicable to the Series D preferred stock. Series D preferred stock earns dividends at the rate of 6% of the liquidation value thereof per annum, compounded quarterly if unpaid. Dividends on Series D preferred stock are payable quarterly in arrears as of the last day of January, April, July and October, subject to legally available funds. Accrued but unpaid dividends on Series D preferred stock were approximately $28,000 as of September 30, 2004 and approximately $5,000 as of November 12, 2004.
As of September 30, 2004, the Company had outstanding 1,000 shares of the Company’s Series F Convertible Redeemable Preferred Stock having a liquidation preference of $1,000 per share. There is no mandatory redemption date for the Series F preferred stock; however, the Company may redeem shares of Series F preferred stock at any time. There are no sinking fund provisions applicable to the Series F preferred stock. Series F preferred stock earns dividends at the rate of 7% of the liquidation value thereof per annum. Dividends are payable quarterly in arrears on the 15 th of January, April, July and October, subject to legally available funds.
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Dividends accrued for seven months during 1999 of approximately $41,000 are not required to be paid prior to redemption, if any. Dividends not paid at scheduled dates will compound quarterly thereafter. Accrued but unpaid dividends on Series F preferred stock were approximately $59,000 as of September 30, 2004 and approximately $49,000 as of November 12, 2004.
As of September 30, 2004, the Company had outstanding 150 shares of the Company’s Series G Convertible Redeemable Preferred Stock having a liquidation preference of $10,000 per share. There is no mandatory redemption date for the Series G preferred stock; however, the Company may redeem Series G shares after December 29, 2005. The redemption price for each share of Series G preferred stock will be the liquidation value of such share, plus an amount that would result in an aggregate 25% compounded annual return on such liquidation value to the date of redemption after giving effect to all dividends paid on such share through the date of redemption. There are no sinking fund provisions applicable to the Series G preferred stock. Prior to redemption by the Company, if any, each share of Series G preferred stock is convertible into 28,571 shares of the Company’s common stock. Any holder of Series G preferred stock wishing to exercise the conversion right must give written notice thereof to the Company, after which the Company shall set a date for conversion of the Series G preferred stock which shall be no later than thirty days from the date of notice. Any shares of Series G preferred stock which are not converted to common stock will remain outstanding until converted or until redeemed. Unless redeemed or converted to common stock sooner, Series G preferred stock earns cumulative quarterly dividends at the rate of 8% of the liquidation value thereof per annum until December 29, 2005. Thereafter, the dividend rate will increase to 12% of the liquidation value until the earlier of the date of any redemption or the date of conversion into common stock. Dividends are payable quarterly in arrears on the first day of each calendar quarter, subject to legally available funds. Dividends not paid at scheduled dates will compound quarterly thereafter. Accrued but unpaid dividends on the Series G preferred stock were approximately $30,000 as of September 30, 2004 and approximately $14,000 as of November 12, 2004. Holders of the Series G preferred stock who exercise the conversion right will have the right to receive any accrued and unpaid dividends through the date of conversion.
The order of liquidation preference of the Company’s outstanding preferred stock, from senior to junior, is Series F, Series G, Series D and Series C. The S&T Loan Agreement prohibits the Company from paying dividends on any shares of its capital stock, except for current dividends payable in the ordinary course of business on the Company’s Series D, F and G preferred stock. Each of the Certificates of Designation governing the Series C, D, F and G preferred stock prohibits the Company from declaring or paying dividends or any other distribution on the common stock or any other class of stock ranking junior as to dividends and upon liquidation unless all dividends on the senior series of preferred stock for the dividend payment date immediately prior to or concurrent with the dividend or distribution as to the junior securities are paid or are declared and funds are set aside for payment. In the event that the number of shares of outstanding common stock is changed by any stock dividend, stock split or combination of shares at any time shares of Series G preferred stock are outstanding, the number of shares of common stock that may be acquired upon conversion will be proportionately adjusted. The conversion rate for Series G preferred stock may also be adjusted in the event of certain dilutive issuances of equity stock or stock equivalents of the Company, as described in the Certificate of Voting Powers, Designations, Preferences and Relative, Participating, Optional or Other Rights, and the Qualifications, Limitations or Restrictions Thereof, of the Series G Convertible Redeemable Preferred Stock, which was filed as Exhibit 4.1 to the Company’s Report on Form 8-K filed on January 4, 2001.
The Company expects to continue to accrue dividends for the Series C, D, F and G preferred stock in a manner similar to its current practice. The Company has, to date, made all scheduled dividend payments for Series D, F and G preferred stock. Continued payment of dividends related to the Company’s preferred stock is subject to legally available funds for the payment of dividends as prescribed by the Delaware General Corporation Law. Scheduled dividend payments may also be deferred for other reasons. The Company’s Board of Directors pre-approves all payments of dividends. Assuming no redemption or conversion into common stock occurs related to the Series G preferred stock, aggregate scheduled dividend payments related to the Series D, F, and G preferred stock are approximately $89,000 and $355,000 for the remainder of 2004 and 2005, respectively. If the current prohibition under the Company’s credit facility of payment of dividends on Series C preferred stock is eliminated prior to the first scheduled payment for that series, and the Company has legally available funds, the Company anticipates approximately $2,864,000 of dividends will be paid on June 30, 2006 related to the Series C preferred stock. Aggregate scheduled quarterly dividend payments for 2006 for Series D, F and G and for Series C preferred stock subsequent to the initial scheduled payment are approximately $475,000. Since none of the issues of preferred
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stock are mandatorily redeemable, dividend payments could extend for an indefinite period beyond 2006. Assuming no redemption or conversion of preferred stock occurs, estimated annual dividend payment requirements for 2007 and beyond are approximately $715,000 per year.
In connection with the Company’s December 29, 2000 sale of Series G Convertible Redeemable Preferred Stock, the purchasers of Series G preferred stock also received warrants to purchase an aggregate of 857,138 shares of common stock which have an exercise price of $1.75 per share. The exercise price may be paid in cash or by delivery of a like value, including accrued but unpaid dividends, of Series C Redeemable Preferred Stock or Series D Convertible Redeemable Preferred Stock. The warrants will expire December 29, 2005, unless exercised earlier.
OTCBargains: Different Miller Industries
The PR referred to the NYSE Miller (MLR), not the microcap MLLS.
Make that MANC down 30% AH
.03 for the quarter. Big miss.
MANC laid an egg. Down 30% AG
Manchester Technologies, Inc. Announces Second Quarter Results
Friday March 11, 4:35 pm ET
HAUPPAUGE, N.Y., March 11 /PRNewswire-FirstCall/ -- Manchester Technologies, Inc. (Nasdaq: MANC - News), a leading distributor of display technology solutions and plasma display monitors through its wholly-owned subsidiary, Electrograph Systems, Inc., and a distributor of computer hardware to dealers and systems integrators, today announced financial results for its second fiscal quarter and six months ended January 31, 2005.
ADVERTISEMENT
On May 28, 2004, the Company sold its end-user information technology fulfillment and professional services business to ePlus, inc., a leading provider of enterprise cost management, in an all cash transaction. The results of operations for the three months and six months ended January 31, 2005 and 2004 for that business have been recorded as discontinued operations in the accompanying condensed consolidated statements of income.
Revenue from continuing operations for the quarter ended January 31, 2005 was $39.3 million as compared with $45.1 million for the comparable quarter last year. Income from continuing operations for the quarter was $252,000 or $0.03 per diluted share as compared with $743,000 or $0.09 per diluted share reported for the comparable quarter last year. Weighted average common shares outstanding used for the computation of diluted earnings per share were 8,560,000 for 2005 and 8,299,000, for 2004.
Revenue from continuing operations for the six months ended January 31, 2005 was $86.2 million as compared with $90.5 million for the first six months of last year. Income from continuing operations for the six months was $2.0 million or $0.24 per diluted share as compared with $1.6 million or $0.19 per diluted share reported for the comparable six month period last year. Weighted average common shares outstanding used for the computation of diluted earnings per share were 8,497,000 for 2005 and 8,265,000 for 2004.
Barry R. Steinberg, CEO of Manchester Technologies, Inc., stated, "Unit sales of display technology solutions, primarily large screen flat panel displays, continue to increase within our Electrograph subsidiary, while average selling prices decreased resulting in a small drop in revenue for the quarter from the sale of display technology solutions as compared to the same quarter last year. However, our gross profit percentage has remained strong as we continue to grow our unit sales. The reduction of revenue in the quarter is primarily attributable to a decrease in computer hardware sales to dealers and systems integrators (non Electrograph business) for the quarter ended January 31, 2005."
The Company ended the quarter with cash and cash equivalents of $17.4 million, working capital of $38.6 million, total assets of $68.8 million and shareholders' equity of $46.0 million.
HNFSA: 115x205 +23 ???
Hanover foods is a classic Graham stock but the insider control and lack of liquidity has held it down. I wonder what's up today? Maybe nothing since the volume is always pitiful.
OT: Anyone use Interactive Brokers?
It looks like a decent platform but I'm hoping someone has real experience with it that they could share.
Thanks in advance!
BYUA: Posted $2.01 for the Q
Nice balance sheet - $13/sh tangible book, relatively low debt.
Making $8/yr, trading at $34.
Several 13-G's filed recently. Worth a look.
ACY: Be careful
ACY often leases to foreign companies with pretty shaky credit/payment profiles. They have suffered several significant defaults in the past. They also seem to have a nice money machine for themselves and do not return anything to shareholders in the form of dividends.
The interest of management is to have lots of assets since their fee is based on asset value. They have collected lots of management fees on idle aircraft in the past few years. Bad leases don't affect their compensation unless they are voluminous enough to sink the company.
Speaking of that, the management company of ACY, JLM, has a history of failure. From their 10-K:
JMC has acted as management company for two other aircraft portfolio owners, JetFleet III, which raised approximately $13,000,000 from investors, and AeroCentury IV, Inc. ("AeroCentury IV"), which raised approximately $5,000,000 from investors. AeroCentury IV is in its liquidation phase. In the first quarter of 2002, AeroCentury IV defaulted on certain obligations to noteholders. In June 2002, the indenture trustee for AeroCentury IV's noteholders repossessed AeroCentury IV's assets and took over management of AeroCentury IV's remaining assets.
I think Jetfleet III is liquidating outside of bankruptcy. No idea how the partners fared overall.
NOLD Great report, still looks like good value
I think the book is understated due to the real estate holding.
SWTX: Form 4 incomplete?
I thought a transaction code of J needed to be explained in the responses section, which appears blank in this case. Not sure what this is.
Here's the rules document for a Form 4.
http://www.sec.gov/about/forms/form4data.pdf
KYZN: I'm waiting, too
I've had a limit order in at .31 since February 4, long before the recent earnings announcement. No luck - the thing trades very badly. It may base at .35 now.
SIM: I calc'd .24Q4 and .90FY
Any differing calcs?
Not bad results but I guess the momentum monkees expected more. No balance sheet with the release - I hate that. I am one of those that looks at valuation as a combination of tangible book + earnings.
AWRCF: Thanks, worthylion
Thanks for the heads up on the report. I have a big slug of AWRCF, too. I didn't see any mention of the report on Yahoo or Business Wire, my two usual sources. What source do you use which alerted you to the report?
With over $7 in tangible book and run-rate ex-item earnings of .70-.80, it seems this stock should be worth $11-$12 anyway. The discount we suffer for past sins and poor transparency will hopefully subside with the new investor treatment philosophy, if it indeed materializes.
CAMT: Thanks, HWEB
This looks good to me. Thank you for the recommendation.
IKNX: Decent value at this level
About $3.50 of tangible book. Made .38 last year. Positive outlook for '05. Not a huge bargain but seems worth $7-$8 or so.... Trading at $5.68.
QPDC: .09 vs. .05 Nice Report
Expects higher next Q.
Richard A. Drexler, Chairman of the Board and Chief Executive Officer commented, "We achieved significant improvement over the first fiscal quarter of 2004. Income from continuing operations increased $165,336 or 91% compared to the December quarter last year. Our revenues increased by $154,448 or 6.8%, and our gross margins improved from 25.4% last year to 32.9% this year. S G & A expenses increased from 16.3% of sales in 2004 to 18.6% in 2005, mainly resulting from salary restorations and increases. Income from continuing operations was $346,072, up from $180,736 last year. Diluted EPS from continuing operations increased from $0.05 to $0.09. On February 14, the order backlog for Multipress was $1.0 million, up from $331,000 last year and the backlog for Columbus Jack was $2.1 million, up from $1.3 million last year.
"Our balance sheet remains strong with over $1.9 million of cash and accounts receivable compared to $1.8 million of total liabilities. Since September 30, 2004 we reduced our total liabilities by $348,165. Net cash provided by continuing operations was $500,469 in the quarter compared to $70,299 last year.
"Looking ahead to the second fiscal quarter we expect revenues of approximately $2.7 million to $3.0 million and net income of approximately $375,000 to $425,000. This is a decrease from the second quarter of last year when we earned over $560,000 or $0.17 per share, with exceptional gross margins of 40.8%. We expect gross margins to return to a more normal rate of approximately 30%."
RTWI: Last-time extraordinary tax benefit
Income tax benefit in the fourth quarter and year ended December 31, 2004 includes a $3.6 million benefit resulting from a reversal of the remaining allowance on our deferred income tax asset at December 31, 2004
If you assume normal taxes (rather than now-consumed benefits) going forward, the picture looks more normal.
VSR earnings flat .05 vs. .05
Revenue up but I'm a bit disappointed
NAM.AX RRainman, where do you execute int'l trades?
I like the looks of your Namoi recommendation.
The brokers I usually use (Brownco, Ameritrade) won't do it. Have you found one that does trades in many countries at a reasonable price?
Thanks in advance.
TCCO .09 vs .07 but warned for next Q EOM
CTIG: I'm still in, HWEB
No idea what set this off since you deny it was your post from yesterday
Anyway, I'm enjoying the ride, too.
Sleepy Ben Graham Stocks
Trading below book + profitable.
OUTL
DUCK
SVT
MRI.A
Looks like HWEB moved CTIG
It ran up about 10% almost immediately after he posted about the form 4 filing.
trwright, otc: ADGO
I've watched that one a long time and wish I had bought it at .50.
As far as the business, golf club buyers are notoriously fickle. I asked an avid (rabid, actually) golfer I know about Adams and he said:
"The Adams line doesn't seem too popular right now in my environs. I think Callaway is gaining popularity again. With Mickelson now in that camp, more of the really good players are leaning that way. I don't know why Adams would be going up, maybe it's more poular with seniors."
Anyway, I think ADGO is a good buy at $1 or less and fairly valued now.
FWIW, I met Barney Adams and his son Eddie on a fishing trip a couple of years ago. Great guys - not egomaniacs like the Silicon Valley execs I've run across...and most of the latter are incompetent corporate leeches.
Anyway, despite the embezzlement at ADGO I would generally trust the information provided by the company.
Anyone have a favorite CANROY?
A lot of them look awfully similar. Has anyone gone deep under the covers?
Len: CLTK
Did you ever pull the trigger on that one? I see it's up 25% today, although not quite to where I expect it to end up.