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KRSL: Tried to pick some up at the open
Someone got those 13.55s ahead of me. Hmmm.
The contract is large but not earth-shattering. They have basically just a couple customers and this contract, which should yield about $20 million a year, was with the largest.
They did 18.5 million with that customer last year so the increase is modest.
RFIL "Culture of Fraud"....
..according to ex-controller.
SAN DIEGO (CN) - RF Industries, a fiber optic and coaxial cable company, runs on a culture of corruption bent on enriching executives at shareholders' expense, the company's former controller claims in court.
San Diego-based RF Industries makes complex cable assemblies, fiber optic cables, coaxial connectors and associated products. It reported $36.6 million revenue in fiscal year 2013, had $11.9 million cash on hand, and paid four quarterly dividends of 7 cents a share that year, according to its annual report.
Its former controller Peter Wyndham sued the company on Nov. 21 in Federal Court. The company itself is the only defendant.
Wyndham claims he was fired for reporting to company managers, the board of directors, and the SEC that the company violated the Sarbanes-Oxley Act, used "fraudulent accounting," and committed "fraud against the shareholders."
When he reported these "numerous accounting frauds and SEC violations" to company managers, he was subjected to "ridicule and intimidation," and eventually fired, Wyndham claims.
"As the number of SEC violations and corporate frauds mounted," Wyndham says in the lawsuit, he "began to realize that the individual violations and frauds were part of a much larger and more pervasive culture of accounting and tax fraud that was being orchestrated by the CEO, Howard Hill, and other key executives to enrich themselves to the detriment of RF Industries shareholders."
To do this, Wyndham claims, "internal controls were established in such a way to prevent discovery of the fraudulent activities. Hiring decisions were made to place key people in accounting positions who would assist in covering up the frauds or to place people in key accounting positions who were simply not trained enough to know the difference."
Among the frauds, Wyndham claims, were CFO James Doss lying on SEC reports that he had earned an MBA from San Diego State University. Wyndham claims Doss lied to the SEC about this from 2007 until Wyndham reported it to the SEC in 2012.
After Wyndham blew the whistle on Doss, Wyndham says, Doss kept his job as company president, though Wyndham was put on administrative leave and then fired in November 2012.
During his two years as controller, Wyndham claims, he uncovered:
academic fraud;
executive officer embezzlement and expense account fraud;
concealing the departure of a former CFO and her subsequent sexual harassment lawsuit;
manipulating executive bonuses to affect share prices;
understating inventory reserves;
overstating assets and channel-stuffing by sending inflated orders to a client;
concealing related-party transactions that defrauded investors;
and failing to report taxable gains on exercises of stock options.
RF Industries is traded publicly on NASDAQ under the RFIL symbol. Its stock price Monday was $4.41, down more than $10 per share from about a year ago. It traded for about $2.10 to a high of just over $4 during the time Wyndham was the company's controller.
Wyndham seeks lost wages with interest and/or reinstatement, and punitive damages for wrongful firing and emotional distress. He also seeks an injunction against retaliation against company whistleblowers.
TIXC Negative SA article today
I'm holding mine.
http://seekingalpha.com/article/2708725-update-tix-corporation-is-it-time-to-cash-in-your-chips
KIK:RVP I still own it
In addition to the damages info, their operating results improved as well.
MNDO: Navellier mentioned it
DPDW (1.12) seems undervalued
Posted .08 vs. 03 in a poor oil services market.
http://finance.yahoo.com/news/deep-down-reports-third-quarter-141500254.html
Steady backlog and TBV of about 1.70.
They are seeing some delays due to oil prices but at some point, they might deliver a .20 quarter, especially if they can sell one of the carousels they are marketing.
Here's salient commentary from the Q:
The price of oil has dropped substantially over the last several months from over $100 to below $80 per barrel. This has been the major factor in the delays of many projects, and is most likely the reason many of our quotes continue to be pending. The outlook for deepwater and ultra-deepwater drilling and production continues to be very strong; however, many of the projects are being pushed out to 2016 and 2017. The Gulf of Mexico (“GOM”) is continuing to strengthen. Our clients in West Africa and South America are still planning significant expansion programs to aging fields and are relying on Deep Down’s innovative services and operational flexibility to accommodate their needs during a period that may be difficult for larger manufacturers to produce.
Requests for our installation services and proposals using our patented mobile NHU® (non-helical umbilical) process are increasing. Recently, we successfully completed work on a recovery and re-installation project with an installation contractor in Nigeria using our mobile NHU® process and compliant splices. The contractor’s vessel is currently returning to the United States where our equipment will be offloaded completing our job. Our customer was extremely happy with our performance and we are currently being considered for several other jobs.
Additionally, our flying lead business continues to be very strong and we are in the final weeks of production of a large offshore liftable installation carousel.
Our backlog was approximately $28,700 at September 30, 2014 and our focus remains on the successful execution of our projects, obtaining new project awards and effective cash management.
GV (1.87) A writeup appeared to guests on VIC today
http://www.valueinvestorsclub.com/idea/GOLDFIELD_CORP/128759
The text is below but to see the tables, you need to sign up as a guest on the VIC site, I believe.
GOLDFIELD CORP GV
September 25, 2014 by chuplin1065
2014 2015
Price: 1.90 EPS $0.00 $0.00
Shares Out. (in M): 26 P/E 0.0x 0.0x
Market Cap (in M): 48 P/FCF 0.0x 0.0x
Net Debt (in M): 13 EBIT 0 0
TEV: 61 TEV/EBIT 0.0x 0.0x
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? ?
Description / Catalyst
Messages (1)
Description
Goldfield is a misunderstood opportunity that has gone through a massive transformation over the past five years. We believe the company’s true earnings power is being masked by some short-term issues and investors willing to wait 12-18 months will see shares share appreciation of 100%-150% present levels, with little risk of permanent capital loss. This isn’t a complicated thesis with a levered balance sheet or lots of moving parts, but rather the company is completely off the radar screen. It’s never been written up on VIC, has zero analyst coverage, and holds no conference calls or investor days. Additionally, the company screens poorly due to some of the items we will discuss. We believe that at present levels, permanent loss of capital is highly unlikely, and under conservative assumptions we get a stock price of 100-150% higher on a three-year forward basis. Due to this valuation gap, coupled with some impending catalysts, we believe a majority of the appreciation will occur in the next 12 months.
Business Summary
Goldfield is focused on the construction and maintenance of electric facilities for utility and industrial customers. They are involved in the building of everything from high voltage transmission lines to concrete foundations for electrical substations.
The company celebrated its 106th annual meeting this year and business has morphed many times during its history. It was originally a combination of the six richest goldmines in Nevada, becoming one of the twenty largest industrial companies in the US during the early 1900’s. During the 60’s it became a conglomerate, aggressively growing and acquiring companies such as Frontier Airlines, General Host and The Greyhound Corporation. From the 80’s through early 2000’s, Goldfield primarily focused on silver mines in New Mexico (Source: company website).
Today, through its subsidiaries, Goldfield is engaged in the construction of electric facilities, with a smaller business line in installation of underground fiber optic cable. A number of recent events, outlined below, have led to the company being undervalued by the market. We have also identified specific catalysts that will cause the market to take notice of Goldfield and re-price the stock accordingly.
Significant Recent Events
2008-2010: Goldfield was involved in the development of residential real estate on The Florida Gulf Coast. The company substantially exited these operations in 2008 to focus on the electrical and fiber optic construction business. The residential operation badly burned the company and investors at the time. This led to an activist investor purchasing stock and forcing management to exit this business and focus on its current operations.
2012: The Company expanded its electrical construction business from its Florida base to the Carolinas and Texas. Its end customers are predominately electrical utilities that are credit worthy and have long operating histories. In 2012, they secured their largest contract in history, a $76M project with "STEC" (an Austin-based utility).
2013: The STEC contract called for the construction of a 110 mile high voltage transmission line. This was the largest project in the company’s history. As the project progressed, the company encountered issues with certain sub-contractors and discovered highly challenging geological formations along the construction route. Standing steadfast in its commitment to deliver the project on-time and preserve its reputation, Goldfield enlisted additional contractors and resources at their own cost in order to close the time gap and overcome adverse conditions. These actions caused margins to contract given the cost over runs.
In addition to issues in the core business, the company received an inquiry from the Environmental Protection Agency (EPA) regarding a silver mine they owned almost 30 years ago. There were some minor issues that had been left open since the company ceased operations, the company worked with outside engineers and the EPA to put these issues to bed for a cost of about $1.2M. Note that while the issue has not formally been retired, the company believes it is adequately reserved for the matter and holds insurance coverage that should reimburse the company for the full amount. While this was a significant hit to margins, it was certainly a one-time event and will not recur going forward.
2014: The first quarter of 2014 involved severe weather events for the company which led to a slowdown of work while continuing to carry the costs for the required crews. In addition, the company made an acquisition in Q1 2014 that would allow it to compete in more geographies for electrical construction work. Early signs show that the acquisition has been successful and has led to an immediate increase in workflow. During the first two quarters of the year, the company also incurred significant legal expenditures associated with the acquisition which we expect to disappear going forward. Additionally, the company began to staff up in anticipation of the increased work load. Both the costs associated with the acquisition, weather and increased hiring have led to artificially depressed margins. Yet we believe the core earning’s power of the company has been enhanced.
The Opportunity
Goldfield is misunderstood by the market on two fronts. The first misperception is that the large STEC project was a one-time event and that revenues will decline in 2014 given its completion. The second is that margins going forward will continue to be depressed – the assumption is based on the aforementioned one-time events that affected the company during 2013 and Q1 2014. This double whammy had a devastating effect on the stock, cutting it by 50% over the last 18 months to a low of $1.50/share.
We believe the market is wrong on both fronts. As stated by the company, they have already replaced the revenue from the STEC project and the recent acquisition has given them a platform for growth. In fact, the company announced a record backlog in their Q2 earnings announcement as it grew*5x* over last year’s levels (while excluding the STEC project). This demonstrates that they have not only replaced lost revenue, but have grown the demand for their services. See the comments below from the CEO in their Q2 earnings announcement. This new revenue is largely driven by MSA (Master Service Agreements) contracts that provide more visibility and are more recurring in nature than project based revenue. We will need to see what the ultimate book-to-bill ratio settles at, as well as margins, but directionally the development is very positive.
From the release:
Revenue for the three months ended June 30, 2014, increased 23% to $25.3 million from $20.6 million in the comparable prior year period. The improved electrical construction revenue was mainly attributable to several large projects in the Carolinas, Florida, and Texas, as well as additional revenue from our newly acquired subsidiary, C&C.
As previously announced the Company has been focusing on developing and growing electrical construction services under multi-year Master Service Agreements ("MSAs"), which provide for more consistent work load and improved operating efficiencies. This effort has scored significant success in the second quarter. Total MSA backlog grew five-fold to approximately $190 million as of June 30, 2014, from $31 million as of June 30, 2013. If MSA contracts awarded since July 1, 2014 were included as of June 30, 2014, the total estimated MSA backlog would be approximately $266 million.
John H. Sottile, President and Chief Executive Officer of Goldfield said, "The dramatic increase in our electrical construction MSAs attests to the strength of our operations and the success of efforts to grow that business." "This portends well for our future," Mr. Sottile added. [Q2 Earnings release]
A few comments about our first quarter 2014 results: Operating margins in the first quarter declined significantly from the same quarter in 2013. This decrease largely resulted from increases in our electrical construction operations overhead costs attributable to strengthening our supervisory personnel appropriate to our expanded operations, as well as integration expenses relating to the C&C acquisition. [Comments from Annual Meeting in May 2014]
As it pertains to margins, we believe the market does not understand that one-time costs were the primary driver of the depressed margins. However, we understand that it was due to adverse weather conditions, increased cost on a large project, legal fees due to an acquisition, the EPA matter, and hiring ahead of current massive increase in work backlog.
The two sets of events together have presented the perfect storm to create a short-term selloff that patient investors can capitalize on. As the company shows sustained revenue growth and improved margins, we believe we will see a rapid rerating of the stock to 100-150% above current prices.
Valuation
Our calculation of Enterprise Value is shown below:
Note the company has no options outstanding.
In our valuation analysis, we looked at three different scenarios. Our standard practice is to look at valuations on a three-year forward basis and the calculations below are our projections for Goldfield’s stock price at the end of 2017E. Note we use pre-tax FCF multiples.
Low: In the low case, we assume zero growth and margins that struggle to recover from last year’s one-time costs. We believe the company would warrant a pre-tax FCF multiple of 6-8x if this were the case.
Base: In the base case, we assume that the company stabilizes at a revenue growth rate in the high single digits and margins slowly recover to pre-2013 levels. We believe the company would warrant a pre-tax FCF multiple of 8-10x if this were the case.
High: In the high case, we assume low double-digit growth and faster margin recovery. We believe the company would warrant a pre-tax FCF multiple of 10-12x if this were the case.
Summary
Goldfield offers ample downside protection in the form of hard assets and real estate as it has $1.22 of tangible book value per share which we thing is real. It also provides the opportunity to more than double ones money in the next 12-18 months as normalized earnings come through. We believe the next catalyst will be the Q3 earnings release in which we expect sustained growth in the backlog. As the market realizes revenues have been replaced and are growing, along with margin stabilization, both profits and multiples should rebound.
Risks:
Customer concentration in the largest risk
Backlog is not contracted and could be cancelled
I do not hold a position of employment, directorship, or consultancy with the issuer.
Neither I nor others I advise hold a material investment in the issuer's securities.
Catalyst
Q3 Earnings Release
Sustained Revenue
ESYS (9.57) bought out for $17.50
Nice premium!
http://finance.yahoo.com/news/elecsys-corporation-acquired-lindsay-corporation-220000803.html
KIK: No opinion on UVE
I posted the article because UVE has a lot of followers on the board.
I don't hold any UVE so didn't really vet anything it said.
VIC is Value Investors Club
http://www.valueinvestorsclub.com/Value2/Guests/GuestLogin.aspx
UVE (14.74) Negative writeup on VIC
UVE, Universal Insurance Holdings on the surface looks like it COULD be a great value stock pick:
-Buying back lots of stock (share count from 41.2mm to 35.2mm: -15% over the last 5 quarters)
-A growing dividend and reasonable yield of 3.3%
-Trading at 8.5X P/E
-ROE of 35%+
-Growing fast: doubling revenue and profits over the last few years
BUT: UVE is an insurance company where these kinds of superficial value metrics can reverse course rapidly and are a mere “second derivative” of the asset base. UVE appears to be one of the most overvalued insurance companies in the market and could fall by 50% to return to normalized levels or much worse if there is a large wind event in Florida. At its current market cap around $500mm, UVE trades at 2.7X Price /Book which is higher than any other P&C insurance company in the market that I could find based on that metric. For comparison, Progressive Insurance has traded fairly consistently at ~2.3X P/B and has one of the more sustainable competitive advantages of any P&C company.
The stock buybacks last year were at bargain prices and did increase the intrinsic value per share but there was a colorful story to it as they were buying the stock back from a CEO who resigned after a regulatory investigation. More recent stock buybacks appear to be highly value destructive given the valuation.
Similar to HCI, which was written up last year on VIC, UVE’s primary business is Florida wind. Historically this has been an unprofitable line of insurance and so the biggest player has been the government run Citizen’s. Over the past couple years, like HCI and others, UVE has been able to boost their revenues and profits by using “take-outs” where insurers can take over policies from Citizens in bulk and cherry pick profitable policies: effectively a loophole allowing a wealth transfer from the tax payer to these private companies.
Over a year ago Citizen’s brought in a new tough CEO to end this taxpayer scalping and instituted a clearing house so the policies would be competitively bid. Since the last bulk take-outs Nov 2013, the out process has been unavailable to boost revenues and profits in big chunks. More importantly for the timing of this short – the TTM comps are just about to roll off so I would expect to see financials reverse from growing to shrinking revenues and profits. The bulls who are extrapolating growth will find themselves highly disappointed in the near future.
*Just after I wrote this draft* UVE did just participate in a recent large round of take-outs that will go into effect for November (http://www.floir.com/siteDocuments/Takeouts/TakeoutsSummary2014.pdf) where they can take out up to 51,293 policies so they may be able to keep up the revenue growth for another little bit given the highly competitive nature of this take-out, it seems unlikely they will be able book margins anywhere close to what they have in the past.
Buffett has said that it’s not possible to judge the true value of a financial institution by its numbers alone as the true risk comes from the culture of the organization. Well, here are a few cultural elements to consider what skeletons may be hidden in the closets in the event that there is a wind event (after an incredibly long stretch since Katrina since anything meaningful).
- CEO resigned early 2013 after a scathing regulatory report (and $1.3mm fine) in response to his losing excessive amounts of money trading gold mining stocks while racking up large brokerage commissions: http://www.propertyinsurancecoveragelaw.com/uploads/file/FOIR_Order.pdf
- Sketchy post-loss underwriting and shirking claims:
http://www.propertyinsurancecoveragelaw.com/2013/04/articles/consumer-protection/what-a-coincidence-universal-property-casualty-engages-in-postloss-underwriting-and-makes-30-million-in-profits/
- More commentary and context: http://www.tampabay.com/opinion/editorials/editorial-root-out-insurer-abuses/2124592
What is UVE worth?
Loss Ratio for UVE:
2009: 74.9%
2010: 66.5%
2011: 62.5%
2012: 54.6%
2013: 40.6%
It’s clear that a company without any long term sustainable advantage will have competition erode excess margins (ROE 35%+ and loss ratios steadily declining). A fair value of 1x book value for such an enterprise seems like fair value though the downside optionality at UVE given the scary risk culture in the event of a significant wind event makes me think <1x BV would be more appropriate.
SODI ($4.25) posts .29 vs .07
Over $3/share in cash - TBV about $5
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10249938-734-78622&type=sect&TabIndex=2&dcn=0001213900-14-007284&nav=1&src=Yahoo
IFT ($6.37) Lots of insider buying
But.. unknowns as well.
As a deep value guy, I look for traditional Graham securities.
This one trades 35% below tangible (as it were) book.
The caveats - it has tentacles in the life settlement business which seems kinda distasteful to me and is fairly interest-rate sensitive due to its medium-length-ish time to maturity.
The pros - it's so far below book that it could absorb significant losses and still have solid book behind it. It has about $3/share in cash affording liquidity and cushioning against
"loose" book such as life insurance settlements.
Back to the thesis - insiders have been buying consistently:
https://finance.yahoo.com/q/it?s=IFT+Insider+Transactions
Disclosure: I bought some today at $6.38.
Opinions?
CPSS and NICK
These auto financing companies have both been taking it on the chin lately.
I like NICK a lot better. The P/E is similar but the P/B is better with NICK and more importantly, it is FAR less leveraged.
An uptick of a few % in uncollectible contracts will sting CPSS badly, IMO.
IEHC (4.90) announces record backlog
Our financial results are the highlight of this report. FY2014 revenues increased to $15,432,000 from $13,330,000, a rise of 16%. Operating income grew to $2,547,000 from $1,780,000 for a 43% increase, and net income increased to $1,454,000 from $930,000, equal to 56%. The 1st Q FY2015 (for the quarter ended June 27, 2014) unaudited figures show a minor decline to revenues of $3,936,000 from $4,091,000 and a net income reduction to $387,000 from $549.000. At the end of FY 2014, the backlog was $5,861,000. The backlog has now grown to a record level of almost $8,000,000.
ELXS has been an ATM for the Chairman
Chairman Milley has looted $MILLIONS out of ELXSI via forgiven loans. Read the related party section of the annual report.
http://www.otcmarkets.com/financialReportViewer?symbol=ELXS&id=118230
As a reward for this looting, his position as Chairman was just extended 5 more years and he gets free stock any year they make more than $4 million, up to 400,000 shares.
Disgusting.
OT: Yahoo boots Seeking Alpha
As of next Monday Yahoo Finance will no longer be displaying Seeking Alpha headlines on its website. To be clear, this was their decision. But when we sat down to discuss their decision and what it means for Seeking Alpha, we found that instead of fretting it, we felt strangely empowered by the change.
http://seekingalpha.com/article/2343015-an-end-to-our-relationship-with-yahoo-a-new-era-for-equity-research?source=email_rt_yf&app=1
Gata: So many red flags
20% this is legit.
Wait, just read this:
The company reports that though they are presently committed to funding all expenditures with internally generated funds, they may seek investment banking partners in the future to capitalize on specific growth opportunities to benefit the shareholders of GATA.
5% this is legit.
Not that I'm skeptical
EZPW: Cohen only looks after himself
There's a long history of shareholder abuse to prove it.
Governance was actually improving, now those gains are lost.
From FBR:
"Ironically, Mr. Given commented that the move is a step to strengthen corporate and regulatory governance." However, we view the move as a clear step backwards from recent positive corporate governance steps. The changes will likely come with a hefty severance cost and makes it clear to us that the company's priorities are with Phillip Cohen, not common shareholders. In our opinion, the changes could also be a sign of turmoil, as Mr. Love had been chosen by the board just two months ago, and EZPW recently raised debt without any
indication of forthcoming changes. We are disappointed by these actions, viewing them as a 180-degree shift from recent progress on corporate governance."
Caveat emptor.
Some background:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70522962&txt2find=ezpw
SELF ($3.34) REIT at a discount of over 30%
A deep-value REIT? SELF is a closed-end storage REIT.
They just published their current NAV as 4.82 which means it trades at a discount of over 30%
Pays .065/qtr as a regular dividend and last year added a supplemental dividend of .087 at year-end. So, at current price, pays nearly 8% regularly and paid more than 10% last year.
NEW YORK, NY--(Marketwired - Jul 1, 2014) - Self Storage Group, Inc. (OTCQB: SELF) announced today that its unaudited net asset value per share ("NAV") as of June 30, 2014 was $4.82. As of June 30, 2014, the Company owned, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina, comprising more than 80% of its net assets.
Took a flyer on MRCR at .85
Moro had $1.25 of tangible book as of their last filing for Q3 2013 and had made .14 YTD. They guided to a relatively weak Q4 with revenue $12 - $17 million.
Year-end report is a bit late but the CEO told me it would be posted in a couple weeks.
Their last filing had this:
On October 25, 2013 the Company and the construction manager, with the
assistance of a construction mediator, signed a Memorandum of
Understanding to settle the litigation whereby the particular subsidiary will
receive $3,587,500 in cash within twenty days of the signing of a Settlement
Agreement. This matter is expected to be finalized and the cash received by
the Company by late December 2013 or early January 2014.
That represents about .55/share in itself. I expect that will more than make up for any seasonal weakness.
MMRK: Back to the dead - bankrupt
https://business-bankruptcies.com/cases/mile-marker-international-inc
IBAL: Picked some up at 1.50
Reported a 2 cent loss vs. breakeven but there was this:
The sales order backlog was $14,800,000 at April 30, 2014 and $9,500,000 at April 30, 2013. The backlog in 2014 included forty-six balers and conveyors at an average price of $321,000 while the backlog in 2013 included forty-four balers and conveyors at an average price of $216,000.
CMKG (1.05) bought out for 2.80
http://finance.yahoo.com/news/dentsu-aegis-network-acquire-mktg-200200249.html
XCLL Headquarters address is a Regus Office
Rents out offices/meeting rooms by the day.
http://www.yelp.com/biz/regus-business-center-redwood-city
Your definition of shite is....unusual
I wish I had all shite in my portfolio, I guess
SKILLZ1: Awesome call on PM.V (7.12)
http://finance.yahoo.com/news/prism-medical-announces-sale-uk-162402827.html
ESCC will be a lot more interesting
....after they confirm that they were successful in the pension relief.
Looks scary to me before that.
TCOR (.31) Still one of the cheapest stocks out there
Released 2013 financials recently.
http://treeconresources.com/wp-content/uploads/2011/07/2013-Treecon-Audited-Financials.pdf
Made .062 and has tangible book about .90/share.
So, trades at 5X earning and less than .35 of book.
They should also get a boost of about .015 in their Q1 earnings due to this:
In 2012, the Company acquired real estate with a book value of $842,000 as part of an
agreement to settle a note payable to the Company by a former officer. In December
2013, subsequent to the date of the financial statements, this property was sold for
$1,200,000 less selling and closing costs.
REX; That's too high
Rose said a "a little higher" which sounds more like $2.13 than $3.13.
REX(56.6) Sell the news is right
They just guided to even higher earnings in the current quarter on the CC.
Stock dropping.
ORBT: Threw in the towel
Sold at the open - tired of all the excuses.
Outlook was iffy at best, also.
FNHC: They've certainly come a long way
...since they were TCHC and Teddy Lawson was holding quarterly earnings calls from poker tournaments.
I remember the 2007 call when you could hear calls for "all players to return to the tables" in the background while Ted was trying to hurry off the call.
Don't want to forfeit blinds and antes just to coddle some lowly shareholders now, do we?
ESTE: That's 3 years old
Here's the recent one:
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=2455130&cmd=r&t=
IKNX($16) expects a record quarter
No bargain at this level but they did .18 vs. .14 in Q4 and expect a record first quarter.
The 3D printing slant may create a flurry of interest in this low-floater at some point.
http://finance.yahoo.com/news/ikonics-reports-2013-results-2014-213449525.html
JBII target is 0. Terminal short.
Bobwins - My chipmunks run into coyotes
Glad yours are luckier