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ESOA what a great day. I've sold my shares in the upper 8s. ESOA still has that $100m mixed shelf offering that they filed back in June. I'm guessing they will try to use this quarter to close some portion of that.
I was surprised to see GENC's backlog dropped sequentially by roughly 4m despite what was a pretty weak sales number. That is not a great sign in the midst of the infrastructure bill spending.
GENC posted a pretty disappointing qtr. .17 v .22 yr/yr. Sales were down yr/yr. Operating income was down yr/yr. And the backlog declined sequentially. I'm glad I didn't hold this one into earnings.
Fidelity does have auto sweeps and you can pick from a couple of options for sweep accounts, but like nelson I don't care for the Active Trader Pro app. It is the worst of the broker apps that I use.
researcher this probably isn't exactly what you're looking for but investing.com has some of that historic information. You can go back a number of years but it isn't in chart format.
https://www.investing.com/equities/ibm-earnings
For IBM you can go back to 2013 if you keep clicking the show more link below the the table.
hweb I think the non controlling interest line is reported correctly. Expenses or losses attributable to non controlling interest actually result in an increase in income to the controlled interest.
This arises from consolidating the full results on a subsidiary that isn't fully owned by the company. If the subsidiary has a loss, a portion of that loss is backed out because the company only owns a portion of the loss.
hweb re: sgrp The 771 is an expense. They should label that line item as follows:
Other (Inc) exp
EVC cancelled their CC after receiving some tough news.
On March 4, 2024, the Company received a communication from Meta that it intends to wind down its ASP program globally and end its relationship with all of its ASPs, including Entravision, by July 1, 2024. For full year 2023, the Company estimates Meta’s ASP program represented approximately $23.8 million of the Company’s $57.7 million total consolidated EBITDA and $586.4 million of the Company’s $1,106.9 million of total consolidated revenue.
BELFB nelson I listened to the CC. The analysts were trying to get some color on managements confidence regarding the 2nd half. Management's guidance was based mostly on historical patterns of slow downs and recoveries then any firm information about order flows. My impressions is that the 2nd half guidance is more hope then anything else.
hweb re: genc
I liked the report as well. I tried to buy some after the earnings release, but it gapped over my orders. I've picked up a few shares on this pullback as well.
PERI Thanks for the heads up. I picked up a few as well.
Re: GREE The stock has approximately -9 dollars per share in book value. I'm guessing that weighs pretty heavily on the stock.
re: GREE I was tempted, but that balance sheet is giving me pause.
I've added some PFE as a tax loss play. It also pays a 5 3/4% dividend at this level. Healthcare underperformed the market in 23, so it may benefit from that in 2024.
It could be that ebix is involved in a gamma squeeze. ebix has an extremely high short interest. I'm seeing 47% of the float was short as of the last report. These type of squeezes were part of what drove AMC and GME higher.
hweb I haven't had a chance to check it out yet. Thanks for the summary.
re: MITQ I saw the report and picked up a few shares, but I'm lukewarm on the industry. I agree that it will likely trade up.
re: UUU I looked at shorting some shares but the borrow rates were ridiculous.
re DRCT it is nice to see the analyst coverage on the stock. On the cc, the company announced that they retired the warrant overhang which prevents any dilution. They also told one of the analyst that they were very confident about hitting the 4th qtr number.
re: DRCT I haven't followed it but I've picked up a decent position in the after hours yesterday.
re: MLR I think the price increases and improved overhead absorption due to increased revenues are the primary contributors.
re: MLR I've followed this stock for a while. The last two qtrs have benefited from working off the backlog created by the supply chain disruptions. On the cc, they didn't give a specific backlog, but it is declining from the record highs. I like the company, but I currently don't have a position because I'm not sure what revenues will be once they've worked down this backlog.
nelson re: RCKY I trimmed shares as well on Friday. My concern is what to expect in 2024. Given the risk of a recession, it is tough to know how to value consumer discretionary stocks.
abh re: CPS I would anticipate that the price settlements that were retroactive would have passed through to the gross profit line. GAAP accounting would have required recording the cogs in the period in which the item was shipped.
I've shorted some SPY this morning as a hedge. This rally seems a little to far to fast.
I trimmed some RCKY in the 19s.
RCKY had a big bounce back qtr. I picked up a few shares. They expect to make around 1.09 in the 4th qtr. This one looks like it could be heading back to the 20s.
gillead I picked up some of TTMI as well.
I've picked up some shares as well larry
rich levine I don't remember all the details because it was probably almost 20 years ago, but Lentiman decided he wasn't going to turn on his heat during the winter. I don't remember if he made the whole winter or not, but he could have probably written a book on that experiment.
fais bon voyage
Thanks larry. I used to own it back in those low single digit days, but I haven't traded it for a long time. Based on the charts, the mid 20s has been a good entry point over the past decade.
larry has SILC been beat down enough to start accumulating? I saw that they announced a design win this morning.
cvna has 43.5% of the float short. It could be a sign the gamma squeezers are back in action.
Thanks rado
What did you learn from that rado? Do you still have access to past statements and transaction history?
Wow. That is alarming.
Yes Nelson, and like you I had a significant portion of my account (maybe 70%) in the reserve fund when it broke the buck.
nelson those were not fun times. That episode ruined a vacation. It worked out okay in the end, but it was tough to get any answers for too long.