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COHN thx for all that info.
Trump Media’s accounting firm charged with ‘massive fraud’: https://www.cnn.com/2024/05/03/business/trump-media-accounting-firm-charged-fraud/index.html
COHN they could have a nice report.. like last qtr, and they just want to talk about it. Or it could be that those f'ers just forgot that they xclled their conf calls and/or whoever sent this thang out meant it to just mention their earnings release, but accidentally stuck the normal CC time. Do you think this could mean good earnings news?
Do you still own this one? I've traded it a few times for small change since earnings.... I still have a very dinky position
best.
GENC back up a bit, you still holding some hweb? I sold a few basically at current levels. Not that it was a huge gain or anything from my buy, I guess only 10%.
DEA Agrees To Reschedule Marijuana Under Federal Law In Historic Move Following Biden-Directed Health Agency’s RecommendationPublished on April 30, 2024By Kyle Jaeger
https://www.marijuanamoment.net/dea-agrees-to-reschedule-marijuana-under-federal-law-in-historic-move-following-biden-directed-health-agencys-recommendation/
ESP I added some .. as low as $20.90, but foolishly stuck an order in to sell the low $23's which hit this morning... I still own some, and in fact just noticed that I had sold more at $24.98. I don't think I want to own any come earnings day, I guess mid-month.
BTW, what do you think of FONR here in the mid/high $15's. I bought some, but imo it becomes a real strong risk-reward at $15 or lower. There, so long as they make in the mid thirties, there's little to no down side, and if they make .45+ then plenty of upside.
thx for the covers, going both ways... !
Norah Jones & Jakob Dylan - Never My Love (The Association cover)
real nice!
IMMR thx for that info
Hweb, Larry, IMMR the Singer family.. could you tell me a few things they have done that were shareholder unfriendly with stocks they controlled?
On IMMR, I just started looking at them, and I'm still not sure what the do or how they make money.
best.
CBBI thx for that analysis.
ULH congrats on that purchase!
CUBI CBBI hey SSK, any thoughts on these two bank earnings reports? I have a small position in CUBI, the report looked ok but not great to me. Wondering if there is an area you might buy since its already down a bunch. And on CBBI, earnings were underwhelming.. flip side is its trading wayyyyyyy below tang book.
TPC just sold half at $16.87 up $2.95. I did mention here less than two weeks ago that TPC preannounced very strong earnings and very strong sales (vs the analyst estimate of a decent sized loss and sales 20% below what the were preannouncing) but it was buried at the bottom of a refi 8-k and never pr'd. Earnings turned out less than that estimate but still a strong profit vs the expected loss ... I guess the analyst never saw the 8K. Hope some of you grabbed some ... I started buying at $14, but it kept on going lower... down to the low $13's ... 6% lower than before they gave the new estimate for the qtr.
best.
Knopfler & Emmylou - If This Is Goodbye, live
Ally Venable with Buddy Guy - Texas Louisiana
TSLA I am still not a big fan of TSLA here. My guess is she will probably fall back again. But I certainly don't have the cajones to short. I do think over the short/mid term, TSLA will become more and more valued as an automobile company. And my guess is also that '25 estimates are still a bit too high (even though they dropped from $8 to $3.41 over the past six months or so).
But then again, I could most definitely be 100% wrong.
best.
'The Kobeissi Letter
@KobeissiLetter
The US is officially the largest oil producer in the world, and it's not even close.
Currently, the US is producing 12.9 million barrels per day of crude oil.
This is nearly 30% more than the 10.1 million barrels per day that Russia produces and 33% more than Saudi Arabia.'
In fact, the US alone pumps 45% of the output produced by the entire OPEC combined.
Furthermore, the US now produces nearly 4 TIMES as much oil as Brazil.
Truly remarkable.'
Wu Tang Clan @ New Orleans Jazz Festival with Kick Arse Sign Language Interpreter
https://www.youtube.com/shorts/CEJqkuxyYVY
And after Leonard, he stuck in another starter Gura ... who got bombed the night before.. and Gura gave up the big single that tied the game.
yup.. although he did lose three straight ALCS's to the 'hated' bronx bombers... and that '77 loss in game five (of five) coming into the ninth up a run was gut-wrenching.
Crooked SPCB raised money for the upteenth time
'SuperCom stock falls after company prices its $2.9 million offering
Apr. 18, 2024 8:45 AM ETSuperCom Ltd. (SPCB) StockBy: Sinchita Mitra, SA News Editor
SuperCom (NASDAQ:SPCB) shares slid 16.7% in pre-market trade after it priced its $2.9 million registered direct offering.
The combined effective purchase price for one ordinary share and a warrant to purchase one ordinary share will be $0.36.
The warrants will be immediately exercisable upon issuance, will expire five years from the date of issuance, and will have an exercise price of $0.38 per ordinary share, the firm said.'
TSLA the sell side analysts are turning against this one.... Deutsche Bank joined today: 'Deutsche Bank analyst Emmanuel Rosner downgraded Tesla shares to Hold from Buy on Thursday. His price target went to $123 a share from $189, down $66 or 35%. Rosner believes Tesla's lower-priced vehicle, typically referred to as the Model 2, will be pushed out beyond late 2025.' I gotta look at this one to see where I'd buy.
ACCO thanks for your analysis
ACCO I'm kinda surprised you bought now. Seems like a solid risk-reward here, the only reason I am 'surprised' is b/c you generally don't like buying when a company is about to report its seasonally weak quarter.
PPIH yup, it is a difficult comp, but that doesn't really bother me. I guess my concern is the endless weakness in the price of natty gas which may hurt business... and I guess from that same perspective, I was hoping for another contract announcement intraqtr, and we've had none. I've bought some down here.
R2000 looks like its down 3.5% for the year.
LF, VIRC, ok I see, you meant backlog went down year over year, not the 'shipping + backlog' that you wrote. best.
VIRC ... not sure where you're getting shipping + backlog measure went down year over year. Or maybe you mean just 'backlog'.... perhaps you were able to back into that numbe? They do say in the earnings pr that "...Forward indicator of “Shipments plus Backlog” reaches record $317.6 million vs. $289.6 million last year" (and I think S+B went up even more sequentially). And in their April presentation on page 12 which came out the same time as the prelim #'s, it also showed the same numbers I cited for fy end '24 vs '23.
What am I missing or misunderstanding?
best.
TPC is funky and up a lot from its lows, but I did buy some ... maybe I'm missing something cause there is basically no positive reaction, but in their 8-k on the refi they state this, and current estimates I see for q1 are for a loss of .17 on $875 mil in sales: from the refi 8K:
from this morning's TPC 8-k: In connection with a proposed private offering of $400 million aggregate principal amount of senior notes due 2029 (the “Offering”), Tutor Perini Corporation (the “Company”) is disclosing the following preliminary financial estimates for the fiscal quarter ended, and as of, March 31, 2024.
The Company has not yet completed preparation of financial statements for the fiscal quarter ended March 31, 2024, but based on preliminary data available to it, it is providing the following preliminary estimates:
•
Revenue in the range of approximately $1.025 billion to $1.075 billion;
•
Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million;
•
Diluted EPS in the range of approximately $0.27 per share to $0.32 per share;
•
Cash flow from operations in the range of approximately $96 million to $100 million; and
Total debt of approximately $800 million, a reduction of approximately $100 million from December 31, 2023. This is expected to be further reduced by an additional amount of approximately $100 million with the anticipated redemption of $500 million aggregate principal amount of the Company’s Senior Notes due 2025 and issuance of $400 million aggregate principal amount of senior notes due 2029 in the Offering.
VIRC I bought
T a few quarters back T was dinged by some health or environmental issue where it was thought they may have to spend a ton to fix. Do you know if thats still an issue?
RELL yeah, I though it earnings were ok, they did beat estimates on EPS. Last quarter RELL quickly gave up its early after earnings gains, so we'll see. Solid balance sheet, I think its still trading under tang book even after today's move.
But in the CC they did say a few nice things, not really unexpected, but good to know they think they are on the right track. They said that their PMT biz (semi-wafer) which had been their biggest segment until the huge downturn, has bottomed and they expect sequential growth their; and from discussions with their largest customers (Lam Research by far the biggest, but also AMAT and others) they expect calendar year 2025 to be a record year for PMT. They also said their GES biz (alt energy - wind turbines, and also railroad associated) will show sequential growth. Health, a small money losing sector forever for them, next qtr blah, but they claim the are on a path to breakeven relatively short term. Canvas (displays) seems ok, but not much growth short term. But if PMT comes back strong, that would be a huge help to the bottom line.
best.
Bo's my all timey fave athlete... well along with Secretariat.......
ADFJF looks solid to me after a quick looksee.
PERI and INMD both Israeli. Wonder if the war is having an effect on operations.
INMD out with lowered guidance
CVU welp, I am pretty sure that your knowledge of CVU's operations are in the top .0003% of all people in the US. Not tooooo shabby.
thx for the expert CVU commentary