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Danny,
I think it's a great time to scoop up these cheap shares and average down our price.
myrinx
Also, the growth of the company is being masked by the re-do of the financials. As far as I am aware, this is the final quarter of the re-statement. So starting with the quarter we are in, we should start to make excellent year of year comparisons. I think this is a good time to lower your average price. But I've been saying that since the 90's.
myrinx
They took 15% as a reserve and they are also not recognizing their overide revenues until they are confirmed or received. This amounts to an additional 160K or so. So as I see it, the are shaving almost 500K of the revenues this quarter. Next year, 500K x 4 quarters equals almost 2 million. They are cash flow negative by about 1.5 mill for 9 months this year. So as I see it, they should break even next year assuming no growth. However, if they grow, increase margins on existing sales, and keep expenses in check, then we will make a nice little profit. The stock price is ridiculous. You can't shave 40% off a market cap with just a few traded shares. Don't get emotional. Virtuall everyone is underwater which doesn't make sense. Their is a disconnect between the price of the stock and the performance of the company. Buy low, sell high.
myrinx
PS I bought more today.
I've been buying in the 40's too. Can't pass up this firesale...
Come on Danny, tell us how you really feel. :)
I'm tired of this crap too. Bill better perform; otherwise, I will own a lot of toilet paper next year.
Our group owns over 6% of the OS.
myrinx
I think we are on the precipice of a major price advance.
My group and I have been quietly accumulating and lowering our average prices. In fact, I picked up 10K shares today and 15K shares last week alone.
Waiting for the tsunami!
myrinx
Earnings should be good or at least that what the street is anticipating.
Still adding
myrinx
All this talk is making me horny!
Let's go joystar!
Our group is continuing to add at what we think are cheap prices. It's great if it goes up, but we don't mind loading up at 90 cents.
Looking forward to getting this show on the road!
myrinx
Thanks Danny Ray,
The longer it stays at this level, the better (within reason, of course). I would love to accumulate as much as possible in the 80's. Others in my group are also adding daily at these prices.
Having said that, I think earnings from 4th quarter '06 and 1st quarter '07 should spark more investor interest.
Buy low, sell high.
myrinx
Danny Ray
In fear there is opportunity. Once my tax guy is done and I know what I owe Uncle Sam, I'm buying more!
myrinx
I agree. This has the feel of a final shakeout before the run we have all been waiting for. I'm looking to buy more and soon!
I'm in it to win it!
PS: Vote for RON PAUL! He's America's last chance. You heard it here first.
Donkey dung to be more precise. I bought a bit towards the high. I will buy more once I know how much I need for taxes. I'm not a financial advisor, but I think these are bargain basement prices that I would love to take advantage of.
I do think there is blatant manipulation of the stock. The same wall I saw at 1.10 on the ask side, then dropped to 1.00 or so, and is now at .88 to .89 cents. It's frustrating in the short run, but in the long run, I think it gives me an opportunity to buy more.
Still hoping for 4 to 6 bucks this year.
myrinx
Can someone please answer these questions?
1) Who is selling all of these shares and where are they getting them from. Don't tell me they are shorts because I don't think you can short a stock at the bid.
2) Is it possible that the 2-3 million private placement shares have been pre-borrowed and shorted prior to their registration to lock in the gains?
3) Will my 3 to 6 dollar price guestimate be achieved this year?
myrinx
Don't worry Danny - Our group is still buying.
Looking forward to riding this bronco!
myrinx
Danny Ray
That's pretty fatalistic.
Having said that, if the bid keeps dropping 10 cents a day, we should be at zero in 8 days.
myrinx
It is discouraging but my group is continuing to accumulate. We just passed 2.4 million shares and will continue to buy tomorrow.
GLTA
Agree
I think your estimates are off. I highly doubt they will go from 15 to 18 or so million revenue in each of the first three quarters to the mega revenues you have posted, regardless of what Joystar has indicated in their press release.
Also, their expenses will likely be higher due to vacation compare - website, advertising, servicing, et cetera... - in addition to expanding their staff.
I am actually hoping for a flat 4th quarter and a blow-out 1st quarter. It will make YOY comparisons looks fantastic!
myrinx
Jeff,
I hope you are right but they have missed their numbers before. So let's see what happens. Regardless, their current run-rate indicates they are doing very well.
myrinx
I doubt they will do 50 million in the 4th quarter. The current run rate is 140 million, which would make 50 million in the 4th quarter unlikely.
I see 14% margins and gross revenues of about 18 million.
For 1st quarter, I think we will see 35 million total revenue with 15% margins.
But my thoughts are worth every penny you paid...
myrinx
Let's get this show on the road.
My circle of investors now controls 2.1 million shares.
Ready for blast off!
myrinx
Welcome to the board Jeff.
Now we just have to band together and buy more shares to drive this thing up.
My circle of investors now control 2 million shares. We will be adding this coming week and as long as it stays at these ridiculously low prices.
Our average price is just a tad under a dollar. So my hats off to you for picking this up at 42 cents.
Are you still buying?
myrinx
Ballymote
I am not wavering. My circle of investors now controls 1.9 million shares. This includes a significant portion of the volume on the bid side during the past few days.
I don't think 4th quarter earnings will be announced in two weeks. Usually, companies get 90 days to get their year end statements posted. I expect 4th quarter earnings on 4/1 and 1 quarter earnings on 4/15.
myrinx
A prime example is Novagold (NG). I bought that stock in the single digits and sold at approximately 16. I love that company and STILL love that company. But I got tired of watching it sit at the 16 dollar range for so long (and where it is still at) and sold.
Ok, back to JYSR. I hope the buyers step up soon as virtually everything going off in the past few days has been at the bid.
myrinx
stlogic
You can't really blame someone for selling. The stock has been stuck at this 1 dollar range for too long and there has been no news from the company.
I have been buying a bit at these prices but I think there will be more sellers if the stock doesn't move up soon or there continues to be a lack of news.
Think of it this way, if the stock is at 1 dollar for the next 50 year, I think all of us would sell. It's a bit of an extreme example, but the point I am trying to make is that the stock needs to move to keep people's interest - even strong hands become weak over time.
myrinx
Someone scooped up a lot of shares at 1.03. I wonder who is buying. Actually, I wonder who is selling. It seems they are willing to part with quite a few shares at what I think is a very cheap price.
Thoughts anyone?
Also, the company has been fairly quiet for some time. I wonder if they will release any news about the company's progress or any other matter.
myrinx
Those waiting on the sidelines will have to pay up soon. We are inching closer to earnings in April. Time is running out before the story gets out to the masses.
myrinx
They have improved the site. It should be a winner.
The increase in trading volume last Friday portends higher prices in the near future. Dumb money is selling to smart money.
I don't think we are far from launch. It's still hard for me to believe the street hasn't picked up on this hidden gem. I guess they really don't research small caps that are on the bulletin board. I'm still buying as funds become available.
Looking forward to the coming weeks...
myrinx
yahoo has a message board
Thanks for answering my questions and glad to have you join the discussion.
It's all about the earnings, so let's see what BA can do.
Just to clarify an error, I meant JYSR has a target of 3 to 7 dollars if they can make 4 to 10 cents per share this year.
2007 should be good for us...
myrinx
Welcome Esoteric.
You certainly have been in JYSR for quite some time. So what's your story? Why did you decide to post now? Are you in big or just some spare change? Are you conservative or speculative? I don't know how things looked back then, but things look great looking forward now.
Here are some random notes on Travelzoo (TZOO).
2002 earnings 4 cents and traded at about 3-4 dollars at end of 2002
2003 earnings 10 cents and traded at about 6-7 dollars at the end of 2003
2004 earnings 33 cents and traded at about 100 dollars at the end of 2004
I think JYSR will make between 4 and 10 cents per share this year. I hope it is closer to 10 cents. Thus, based upon TZOO's past performance, we could be trading between 4 and 17 dollars.
Any thoughts?
myrinx
What is everyone's price targets? What do you think earnings will be this year? How come noone ever answers my questions? :)
myrinx
I agree with stlogic. JYSR is a value play at these prices.
Here's my conservative guess for 2007
1st quarter EPS 3 cents
2nd quarter EPS 1 cent
3rd quarter EPS 1 cent
4th quarter EPS 2 cents
--------------------------
2007 total EPS 7 cents
Cash flow positive 2nd quarter 2007
Listing application submitted at end of 2007
Anyone else care to speculate?
myrinx
Gateway
What's your deal?
Are you long, short, or on the sideline.
If you are long, what are you price targets.
Bally
Remember, the market usually looks 6 to 12 month ahead. The freebies will be over in 3 months.
I'm betting we move higher now.
I'm usually right 50% of the time.
myrinx
Happy New Year to all!
Looking ahead, I believe JYSR's stock price will finally have significant upward appreciation that is sustained. Those on the sideline will have to move it soon or be left behind as the countdown to earnings has begun. Fourth quarter should be good and the quarter we are in should be stellar.
I predict we see a low of 1.09 and a high of 5 dollars before we settle down in the 3 dollar range. Anyone else care to throw in their guesses?
I am looking forward to the vacationcompare taking hold and seeing whatever else BA has up his sleeve.
And keep eye on gold, it should be making new highs this year.
Let's get ready to rumba!
I am ready to pronounce this board.
Is anyone out there?
The trading in Joystar is anemic.
But it looks like we're near a bottom and we should be headed up soon.
myrinx
dutton is not that bad - that's how I heard about tzoo and now, jysr.ob. if it weren't for them, i wouldn't have bought the boatload of shares I have. we need more analyst coverage, however inaccurate, not less.
i'm ready for lift off...
myrinx