sleeping with one eye opened
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I am one of them...gnw is heading to mid teens = half of book value
the name of this board is funny...there is nothing in the market, what you can call China Growth Stock
MDR McDermott International Inc
Q4 2015 Mcdermott International Inc Earnings Call
HOUSTON Feb 23, 2016
http://finance.yahoo.com/news/edited-transcript-mdr-earnings-conference-063413198.html
Conference call highlights
1. Cash provided by operating activities for 2015 was $55.3 million, compared to $7 million for the full-year 2014.
2. At December 31, 2015, we reported $781.6 million in cash and restricted cash, an increase in total cash from the third quarter of $14.4 million
3. We reported a backlog of approximately $4.2 billion at year-end, $2.4 billion is due to rolloff in 2016, $1.3 billion in 2017, and $0.5 billion and 2018.
4. our legacy loss project portfolio has decreased from three material projects to two material projects at the end of the year. One project is expected to be finished in the first quarter of 2016, and the second project is expected to be complete in early 2017
5. Our bids and change orders outstanding at year-end was $4.4 billion, compared to $2.6 billion at the end of the third-quarter 2015
6. Our list of target projects totaled $15.2 billion as of December 31, 2015.Targets are projects that we intend to bid on and we expect will be awarded to us or a competitor in the next 5 quarters.
7. For the full year 2016, the Company expects revenues $2.9 billion, and adjusted operating income to be approximately $115 million, (238.97M =0.50 per share)
8. We expect full-year 2016 adjusted net income to be breakeven
9. Also, we expect to have approximately $580 million of cash and restricted cash and $840 million in gross debt at the end of 2016,
10. we are more cost competitive than ever, and will continue to strive to remain so in the future
11. McDermott has completed its turnaround phase started in 2014
12. with a substantial portion of expected 2016 revenue in backlog, we look forward to a solid year despite the macro backdrop.
In Q1 2016 MDR was so far already awarded two new huge contracts. Add them to backlog. I have bought 12000 shares of this company. If the oil price will not improve, I plan to sell not sooner than at 5.50. If the oil prices improve...no way I will sell below 10
Possibly another plus 20-30% in 2016
Otelco Inc. (OTEL) -NasdaqCM
7.10 Up 0.45(6.77%) 3:59PM EDT
OTEL Key factor is they are reducing the costs while their revenues are slowly detoriating.
Revenues seems to be stabilized almost though.
In Q2 their EBITDA is far over 7 millions!!! Only in Q2 !!!
Their current market cap after yesterdays jump is --- 18 milions only!!!
NOT A JOKE!!! ))
time to add some comment on pps...
Otelco Inc. (OTEL) -NasdaqCM ? In Watchlist
5.80 Up 0.51(9.64%) Aug 18, 2:59PM EDT
How can CCME get a place in something called Global-Value-Investing?
INTL - INTL FCStone Inc. (INTL)
Total Cash (mrq): 2.48B
Total Cash Per Share (mrq): 130.91
Total Debt (mrq): 1.08B
Market Cap (intraday)5: 695.08M
INTL FCStone Inc. (INTL) -NasdaqGS ? Watchlist
36.62 Down 0.04(0.11%) Jun 12, 4:00PM EDT
Hey guys, what do I miss here? You can buy here 2 dollars (Cash minus total debt) just for one dollar??? Are you kidding me??? :))
hi mick, OTEL is a waiting game..but reward is on the way. I would like to own this company, that is I am perfectly fine with waiting. Most undervalued/forgotten company in the whole Nasdaq sector :)
OTELCO...Q1 Numbers
$8 Million QUATERLY!!! EBITDA on 13 millions O/S and 4.25 PPS
money on the street for free :))
0.66 dollars EPS per QUARTER!!!!!!!!!!!
This is 20 dollars stock...no analyst is covering this company.
Most undervalued stock with extremely positive cash flow...
I love Nasdaq and its opportunities... :))
this stock is slowly reducing its debt, they pay each quarter more than they are obliged ...they are cash flow very positive.
Their EPS is over 1.40 per share...their PPS is under 4.77 now.
There is no analyst still covering this stock.
And it is US stock.
Current market cap is 14.85 M !!!
Operating income of $3.8 million for fourth quarter 2014 and $16.9 million for 2014.
sounds like a joke? No...check OTEL
http://finance.yahoo.com/news/otelco-reports-fourth-quarter-2014-220000886.html
OTEL Simple explanation why OTEL is a screaming buy...
within just three quarters of 2014 OTELCO has generated so much free cash, that they were able to reduce the debt by the same amount as is the value of their current Market Cap!!! In just 9 months!!!
Do you understand this? This is the undiscovered CASH COW...Dream of every investor...If you decide to buy 100% of the company now for current PPS, in one year the company generates from contracts more free cash, that you have paid for it :DDD. And they have subscribed 10% more clients between Q2-Q3 earnings period...
Only problem here is that the debt is so high, that the book value is negative -8.50 usd/share.
This is probably why we are that lucky to buy it now that cheap. But they have reduced the debt by 15% only in three quarters...As walk57 has written elsewhere - the banks love such companies. They make the banks live, the banks do not call bancruptcy on CASH COWS :D
Based on latest 2014 Q3 numbers released yesterday, their operations generates cash to get annual diluted net INCOME per share in level exceeding 1.60 USD!!! that makes OTELCO undiscovered undervalued baby with fair value 300-400% higher...(if there is no debt, it would be even higher, they are reducing now the debt in pace over 15% per anum)
OTEL : Simple explanation why OTEL is a screaming buy...
within just three quarters of 2014 OTELCO has generated so much free cash, that they were able to reduce the debt by the same amount as is the value of their current Market Cap!!! In just 9 months!!!
Do you understand this? This is the undiscovered CASH COW...Dream of every investor...If you decide to buy 100% of the company now for current PPS, in one year the company generates from contracts more free cash, that you have paid for it :DDD. And they have subscribed 10% more clients between Q2-Q3 earnings period...
Only problem here is that the debt is so high, that the book value is negative -8.50 usd/share.
This is probably why we are that lucky to buy it now that cheap. But they have reduced the debt by 15% only in three quarters...As walk57 has written elsewhere - the banks love such companies. They make the banks live, the banks do not call bancruptcy on CASH COWS :D
Based on latest 2014 Q3 numbers released yesterday, their operations generates cash to get annual diluted net INCOME per share in level exceeding 1.60 USD!!! that makes OTELCO undiscovered undervalued baby with fair value 300-400% higher...(if there is no debt, it would be even higher, they are reducing now the debt in pace over 15% per anum)
Simple explanation why OTEL is a screaming buy...
within just three quarters of 2014 OTELCO has generated so much free cash, that they were able to reduce the debt by the same amount as is the value of their current Market Cap!!! In just 9 months!!!
Do you understand this? This is the undiscovered cash cow...Dream of every investor...If you decide to buy 100% of the company now for current PPS, in one year the company generates from contracts more free cash, that you have paid for it :DDD. And they have subscribed 10% more clients between Q2-Q3 earnings period...
Only problem here is that the debt is so high, that the book value is negative -8.50 usd/share.
This is probably why we are that lucky to buy it now that cheap. But they have reduced the debt by 15% only in three quarters...As walk57 has written elsewhere - the banks love such companies. They make the banks live, the banks do not call bancruptcy on cash cows :D
Based on latest 2014 Q3 numbers released yesterday, their operations generates cash to get annual diluted net income per share in level exceeding 1.60 USD!!! that makes OTELCO undiscovered undervalued baby with fair value 300-400% higher...(if there is no debt, it would be even higher, they are reducing now the debt in pace over 15% per anum)
MDR the position initialized at 3.80...we should see it over 6.00
if they start to make profit...then definitely over 10.00, Einhorn has bought a stake over 5% in MDR recently...but he paid over 6.00...He must trust new management..I bet he wants to make 20-30% annualy at least in next three years... well let us see...12.00 in three-four years ?
PAL is the master in building floors... Now they should finaly build some fat shaft...
complete report
http://pan.baidu.com/s/1GJcZ8
Please note that Merriman-New Oriental Capital LLC released 3Q13 earnings review report of General Steel Holdings, Inc.
Please refer to the summary below and click the link for the full report.
Download Full Report
3Q13 Review: Turning It Around
Summary:
This morning, General Steel reported its 3Q13 financial results with revenue decreasing 14.2% Y/Y to $610 million, below our estimate of $723 million, driven by lower than expected sales volume which decreased 10.0% Y/Y to approximately 1.26 million metric ton (MMT). EPS of $0.07 beat our estimate of ($0.38) thanks to a $41.8 million sharing liability adjustment which added ~$0.46 to the bottom line. With benign pricing environment for both rebar and iron ore, gradually improving demand from infrastructure and auto sectors, further streamlined production process, and continued effort on improving operating efficiency, the turnaround of General Steel is well on track in our view. Reiterating a Speculative Buy and $3.00 Price Target.
Key Points
•
Revenue Misses on Lower Volume, EPS Beats: 3Q Revenue decreased
14.2% Y/Y to $610 million (vs. our estimate of $723 million) with sales volume decreasing 10.0% Y/Y to 1.26 MMT and ASP decreasing 6.1% to $489.6 per MT. Gross margin of 1.3% compared to gross loss margin of (1.9%) for the same period of last year and our projection of 1.5%. EPS of $0.07 beat our estimate of ($0.38) thanks to a $41.8 million revaluation adjustment to capital lease liabilities which added ~$0.46 to the bottom line.
•
Improving Industry Fundamentals to Continue into 2014: As highlighted in Exhibit 3 (page 2), the Company benefitted from moderate recovery in rebar prices and fairly stable iron ore prices in 3Q13. This benign pricing environment is expected to continue in 4Q and possibly into 2014. This, combined with improving demand for steel from infrastructure and auto sectors, bodes well for steel makers including General Steel in our view.
•
Turning It Around: With the 0.9 MMT rebar production line now fully ramped
and the 1.2 MMT rebar production line to commence commercial production in
December, we expect streamlined production process as well as continued
benchmark initiatives to drive further margin improvement and believe the turnaround of General Steel is well underway.
•Adjusting Estimates: We are adjusting our model with 4Q13 revenue/ EPS to $655 million/$0.02 from $747 million/ ($0.36). For 2014, we are projecting revenue of $2,800 million and loss per share of ($1.34).
•Reiterating Speculative Buy and $3.00 Price Target: We are keeping our Speculative Buy rating and $3.00 price target unchanged. Our price target is based on current stock valuation plus estimated market value of its land portfolio of over $100 million, or approximately $2.00 per share. Risks to Our Price Target: 1) a lack of improvement of overall steel industry fundamentals; 2) continued lack of investor appetite for small- and micro- cap Chinese stocks in general; and 3) an interruption of financial and operational support from the Company's SOE partners.
they definitely will, eastunder...
read yesterday's pr carefully...Q4 will be affected by much lower costs again = stronger profit from operations
this is the long term cash cow...finaly :))
finaly something fat....eastunder, here our turnaroundstory begins...we are on the way to 10.00...latest this time next year..congratulations!!!
i have here this target since April...I believe we both are not far from reality
but they have no Uranium...they buy it from Russians...for very high contracted prices...and they have no one to sell it for good price then.
Business plan there is on the water and depends on funding from DOE. In the moment, when tax payers will say no to these dinosaurs, USEC will be history
no, I do not touch USU now... I have no idea what to expect.
Except huge dilution, if they find any investor...they have to repay lot of money in October, and their current business is in red numbers with no sign of better times...they confirm their revenues will go significantly down in 2014
I had strong belief in this stock...but more and more it looks like I was badly wrong.
I read fillings...if I like them, then only I look charts
gambling zone with low probability of win...like all-in with one pair 2-2. The chance is here, but...
be carefull...this is not a chart play...they have terrible cash flow, they have declared they receive less for uranium than they pay gto Russians....in mid 2014 they are out of money and in October 2014 they have to pay obligations...this is playing with fire, not an ordinary chart play...shorts will not cover this time...in fact they will do just opposite
bid 5.02 x 5.09 ask
it moves nicely towards 10.00
bid 4.80 x 4.88 ask
very strong bid
130 x 4
bid 4.73 x 4.88 ask
wow
SORL wants quickly back above 5.00
I am in since yesterday at 4.53
If they are not fraud, then this stock should be at 10.00 in an eyewink...
let us see.
Because of diluton, which has been mentioned in fillings (none of pumpers reads fillings) -i have written here that
Too risky place to be is USU now
They did delete this. Reason? Off-Topic... :))
This board is moderated by strange people...
whole deleted message to Blue
Post Date: 10/27/2013 2:37:50 AM in reply to 93416489 by ~ Blue ~
Board: USEC Inc. Reason: Off-Topic
they have told you that clearly in their fillings...so do not play surprised one now...
I was so kind that I have pasted that here for you. But you see only what you want to see. I wish you good luck to get out without big loss before that event. will happen..
Too risky place to be is USU now
at first these pumpers here will push others to buy...
they delete the messages they do no like here.
what a childish way...:)
if there is no jump till end of the year, I will add some more during Christmas time...in 2014 should pps jump for sure...
attention - tomorrow will be PAL most probably money maker... They have announced few weeks ago, that Monday 21.10 they will give an update on new mining results. Highly expected event should make at minimum 20% plus...
we will see
attention - tomorrow will be PAL most probably money maker... They have announced few weeks ago, that Monday 21.10 they will give an update on new mining results. Highly expected event should make at minimum 20% plus...
we will see
and that bold but empty head Cramer marked MTG as SELL in April...stock has made 100% in next 6 months...eat your hat Jim Cramer...you are just nothing else then poor market ignorant... :/
USEC reported a net loss of $1.2 billion in the year ended December 31, 2012 and a net loss of $491.1 million in the year ended December 31, 2011
USEC currently estimates employee related severance costs of approximately $2.1 million to $7.5 million.
USEC currently estimates that it could incur total employee related severance costs of approximately $25 million to $30 million for all Paducah GDP workers.
The amended revolving credit facility totals $110.0 million (including letters of credit of up to $25.0 million ) and matures on September 30, 2013.
Convertible senior notes amounted to $530.0 million as of June 30, 2013 and December 31, 2012 . The convertible senior notes are due October 1, 2014. Interest of 3.0% is payable semi-annually in arrears on April 1 and October 1 of each year.
Instead of moving forward with a conditional commitment for a loan guarantee, in the fall of 2011, DOE proposed a two-year RD&D program for the project. DOE indicated that USEC's application for a DOE loan guarantee would remain pending during the RD&D program but has given USEC no assurance that a successful RD&D program will result in a loan guarantee.
USEC is engaged with its advisors and certain stakeholders on alternatives for a possible restructuring of its balance sheet. Although USEC has no assurance regarding its ability to pursue or complete a restructuring, a restructuring could result in significant changes to the Company's capital structure and adjustments to its balance sheet, including the creation of a new entity for accounting purposes, which would have a material impact on USEC's financial statements, including the going concern assumption on which they have been prepared
We expect to need at least $4 billion of capital in order to complete the American Centrifuge Plant (“ACP”).
what exactly is not truth? Enlighten me pls...
"We expect the additional third-party capital would be raised at the project level, including through the issuance of additional equity participation in the project."
I am only pasting the words of USEC from their own fillings, which you do not bother to read...
My post from May...
You agree, that is nice...unfortunately USU did not get the approval to extend another 5 years for PADUCAH. They are closing it...and it will cost also lot of money. /Depending on the finalization of a transition plan with DOE, we could expect to incur significant costs in connection with ceasing enrichment at Paducah, including potential severance costs and curtailment charges related to our defined benefit pension plan and postretirement health and life benefit plans. These costs could place significant demands on our liquidity and we are evaluating alternatives to manage these potential costs./
Convertible notes...
If you are in business, you most probably know, that 12 months is the minimum frame for planning.
If they have alternative, fine. So far the only written message from USU about the way how to solve it is dilution.
You may not like it but is the written fact from their fillings. 500 milion is a lot of money for company, which admits that their operations will be significantly lower in 2014 /Purchase quantities under the Russian Supply Agreement will be about half the level under the Megatons to Megawatts program unless the parties exercise a mutual option to increase such purchases.We are preparing to be a significantly smaller company with lower revenues/ , for the company which needs lot of money for closing of Paducah plant. And they do not have also these money...
If they get financing, then they will jump up...if not, then they are done.