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Can you elaborate? Thx.
Actually I was thinking more tradional LOC type of credit. I don't think that is available to them. That's why they go with the secured a/r type financing.
I've got a positive and negative that I have thought about. Lord Steinberg and his relationship with Stanley Leisure will be a positive once he is approved for COB. Now the negative I was thinking about was the marketing campaign with Paddy Power. Paddy Power is a direct competitor with Stanley Leisure and their agreement with EGMI was signed Jan 08. They were talking to Steinberg as early as November. Than he preceded to buy a huge stake in the company in March. Steinberg may look to not continue the relationship with Paddy Power given his affiliation with Stanley Leisure. Why would he help promote a competitor to a company he help found. I wonder if Steinberg bought a huge interest in EGMI and pushed for COB title to lock up the distribution of GameCards with Stanley Leisure. Huge positive, little negative. Probably will have little effect on current share price. All purely speculation on my part.
Financing and working capital has been my main concern with the stock. I'm in for a small amount. In this banking environment it's tough to find financing, especially without an established relationship. So there is a likelihood that they may have to explore more costly avenues of financing.
Your right. I did mix it up. A little dyslexic w/ the lack of sleep. I've been watching price action fairly intently on this stock this year. I've been trying to add in the low 60's like the last dip, but no luck. Had to up the bid and have been filled mostly around .65 and .66. I've been adding prior to the shareholder's meeting with the outlook that the company will start detailing their business plan after installing the board. Board will than vote on the CEO. CEO will than announce strategy and outlook. Maybe we even get some of these new partners/distribution agreements locked up. Also for them to hit the final .10 for the last two quarters they need to book earnings at a 25% growth rate over the first two quarters. They ramped up their sales & marketing expenses last quarter, I'd imagine some of that will hit the top line both this quarter and next.
All speculation on my part.
Reading the tape...
For some of you more experienced tape readers, what are some of your thoughts on the trades over the last couple weeks. I'm a bit inexperienced at this. I've been following this fairly actively over the last several weeks, since I've increased my position on this one. I've noticed that there are usually several larger blocks (5k-10+) at the ask and usually one or two small (100 to 1k) trades done at the bid to cover the previous activity. It has happened quite a bit lately. What is some of the more experienced members read on this activity? Am I reading the tea leaves too much?
EGMI - reading the tape
They did it again... Large amount of buy/sells at the bid and than a small 100 share trade at the ask.
I don't mind because i got filled a bit too.
EGMI - Reading the tape...
I'm a bit inexperienced at this. I've been following this fairly actively over the last several weeks, since I've increased my position on this one. I've noticed that there are usually several larger blocks (5k-10+) at the ask and usually one or two small (100 to 1k) trades done at the bid to cover the previous activity. What is some of the more experienced members read on this activity? Am I reading the tea leaves too much?
I know how you feel. I was only one on the bid at 3.54 a couple days ago. Someone else got filled first and than it ran. Now on the outside looking in. Oh well. Still got a nice chunk of cash to use.
Missed out on the GORO run by a couple pennies in the 3.50's. Now it's up 20% to 4.20. Move is now too big for me to chase it. I've got to stop trying to squeeze pennies and earn dollars!
INRB - Thanks for pointing that out. I didn't read carefully enough, though I did want to sell to capitalize on some other opportunities. Looks like Sept 12 is the date for the shareholder approval, though I'm sure it will take longer than one month for me to get the cash. I'll probably hold the remaining shares I have in the non-taxable account as I wanted to see if price improved before I disposed of the remaining.
INRB - Sold most of my INRB out of my non-taxable account since I can't margin. Keeping the INRB in my taxable account since I can margin there and reap the benefits of the carry. If the merger takes about 3 months to close I'll be paying about 7% interest annualized to make roughly 30% annualized.
Added some EGMI for a S/T trade. Already have a core position of about 15% of my portfolio. Given shareholder approval for Steinberg is coming soon, expecting there to be additional announcements thereafter. All speculation on my part.
INRB - Wow, just had to cancel my sell order I put in last night. I was a little tired of the inactivity. I put in too big a position given the illiquidity and wanted to sell some of it. Talk about lucky. Thanks for the heads up and the previous diligence. Got about 50% off the trade.
There is a notable working capital deficit in their financial statements. While I see the strong sales of their new products as a positive. Their ability to finance the growth to me is a bit of a negative.
I haven't answered the question fully myself, so I've only dabbled a bit in VBDG.
Where do you keep your lobster pot?
I've got a bunny to boil.
Hello again, mods. Took an almost 6% starter position in this one, over the last few days. That's a nice sized starter position. Squeezing pennies to get the position I wanted. Really liked the numbers they have been posting and getting in now, the growth comes at very little cost.
Considering I cashed in on ZYXI a bit early to get in here, ALIF is already behind in the race. Their upside looks compelling if they can continue the growth.
Just checked conf call link is up on their homepage. Registration works. Unfortunately looks like I have no time to listen until tmw.
Sent the company a message to put up a link for their conf call. Have not heard back yet.
Yes, there will probably be a FX gain. It will have little to do with cash and more so to do with revs/costs. The quarter isn't finished yet and the translation is done on an avg FX rate over the period, so I'm wouldn't make any guesses right now.
Too late for the contest, but EGMI over $1 by 10/15 @ 10:30.
I'm not defending myself, but the others he may refer to. I don't personally know any of the people there, but there are a bunch of good investors over there to generalize that the board is full of idiots. I'll leave it at that.
As for VBDG, I'm trying to get my arms around this increasing working capital deficit. I need to hear that conf call. Is there a phone number to hear a replay? I can't find one and the link on VBDG isn't working. Maybe I'll just wait until tomorrow.
Believe what you may, but I know I was introduced to AYSI from that board in the .50's and ZYNX in the .80's. I'm still holding AYSI and ZYXI I just sold out recently, though after seeing the 10Q I may want to get back in.
Nothing wrong with nitpicking, if in the end I'm getting answers. I believe in leaving no stone unturned.
Someone sounds bitter...
VBDG just doesn't fit their mold at this point. I can say though that a good number did like DGLY, AYSI and ZYXI, so you are wrong on that account.
I'm having problems getting into the conf call archives. VBDG's website takes me to a link and I sign up and get an error on ViaVision's login screen.
I'm not sure that addresses my concern 100%. According to the text you supplied, as an example, VBDG sells to 3rd party distributor 100 units fully paid, who sells 100 units to Walmart fully paid. If Walmart only sells 60 units, they are going to either send some of it back or ask for a chargeback. It states that their agreements with distributors are based on "net sales" after taking into account returns, allowances and like offsets. Based on that I can't say that VBDG is not immune to chargebacks.
Why not? Companies typically sells to big box stores. Anything the big box retailer can not move they try to force down producers throats in the form of chargebacks. Is that not the case here? I've only been looking at this since last night.
With $17.9mm booked in the first half they just lowered their hurdle 10% by needing only a full year $44mm vs. $47mm. It sounds like they will have nice earnings if this pans out. I need time to work out the details. I may come around eventually after doing a little more legwork, but I'm not enthusiastic about them lowering the bar.
I'm not sure if this is as easy as a ZYXI. Transparency was greater there since they give those monthly sales figures. I bought a healthy slug of ZYXI, but looking back I probably should have been more aggressive and also should have stuck it out a little longer. I just got out completely yesterday. After seeing the earnings, I'm regretting getting out and may want back in.
Is VBDG cheap based on guidance? Sure. I'm a big fan of EGMI and got in based on knowledge of the product, their guidance and their lack of competitors. I backed up the truck after a good quarter. It's now a 20% position. One thing VBDG does not have yet is a good quarter, though I believe based on the guidance one may come down the pike. Problem w/ big retailers is that once these things stop selling from the initial demand they will force the remaining inventory right down VBDG's throats. I see short to mid term prospects, but not long term.
I was trying to be understated... Problem is I got out of my position. Given the earnings growth and uplisting, this probably has ability to get above 7. With hindsight it may have been better to hold out and sell after earnings, oh well.
Zynex posted 10Q.
.0612 fully diluted. Not too bad. May get a nice pop tmw.
Based on what I hear, their projections sound rosy. However they have made rosy projections before. I'm not saying they won't deliver this time around. Just given what they have reported (lowered lower range of revenues) and a less than stellar earnings, I think we may find opportunities to buy in a little lower before the next reporting date. Risk/reward was there for me to buy a starter position, but not enough to load the boat. Looks like you got in a bit earlier, so you have every right to cheer this one on. Depending on if it goes lower, I may add.
Not sure how market will react, but the lowered low end of guidance and less than stellar results provide no visible support for price. If we go lower than risk/reward for me is more paltable. Not sure how much I'm willing to put faith in management considering past hiccups.
Original Guidance was $47-50mm. So they lowered the lower range of guidance. I started a small tickler position (1%) in this one yesterday and today and may establish something larger on a decline. I'm a little mixed in terms of the long term viability. Though I like how they point out that the rev increases will hit the bottom line. So big question will be if they can get those rev increases in Q3/Q4 as they are guiding than this will be a good medium term trade. Overall, though I am not a big fan of these types of products, since they have little staying power. People buy them and eventually tire of them. Though some on the board seem to have done some on the ground DD and said the new products are sold out. I may have to try my local stores as well.
I would be happy if the move was accompanied by large volume. I want to see Lord Steinberg formally approved and I'm assuming we won't see a CEO until that is the case. May have been a little reckless of the company to say a CEO will be announced before the COB is elected. Cart can't come before the horse. I'd imagine all major decisions/announcements may be on hold until than. EGMI - let's break the logjam already!
Hope Lord Steinberg and new CEO doesn't ignore the promotions market. The EGC seemed to have some traction there. Could be a major source of revenue, albeit at slightly lower margins.
Fidelity
Anybody use Fidelity and get the benefit of their Gold level commissions w/out achieving gold level hurdles?
For about the last year I have had them bump me up to Gold level status because I was always close to the 120 rolling 12 month trades. Lately I have been around 80 and they are refusing to bump me up even though I've threatened to move my account. They don't seem to care. I'm considering moving because of my activity in the sub 1.00 stocks. I've generated them large commissions on these trades and they do not give me credit for it.
Unloaded my ZYXI position as well. It was a 15% position, which I paired in 1/2 last month. Than disposed of the rest yesterday and a small lot today.
ZYXI has been posting good sales orders, but there has been volatility in their sales. I thought it was a good chance to get out and reevaluate for another entry. I'm trying to get into other positions I see with better chances for a double than ZYXI.
EGMI is still cheap, but disappointed in the top line growth. Growth will be on tap at the end of the year with the Thomas line of EGC cards, but we won't see that in the Q's for more than 6 months.
Lord Steinberg sitting on 67% gains for his 1.5mm share transaction. IN ONLY TWO WEEKS!!!
EGMI at .80! No news, but earnings around the corner and some lingering promises.
Surging into the weekend at .80!!! Could a 52 wk high be around the corner?