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Zeev Hed

08/11/04 3:03 PM

#282728 RE: was hotlinktuna #282709

Tuna, welcome to our modest abode. I'll look at IIIN, but right now, I am fully loaded and will have to sell something before I can consider jumping on that one. Don't be a stranger, I miss our exchanges from SI...
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Fred Langford

08/11/04 3:36 PM

#282766 RE: was hotlinktuna #282709

Tuna my man! Good to see you posting here...

Fred
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Paul A

08/11/04 3:37 PM

#282767 RE: was hotlinktuna #282709

hah- I replied to the wrong person heh.. Just saw your alias and hadda chime in and tell you to stop by here more often as well : )

Hows life/the market treating you???
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Smart_Money

08/11/04 4:03 PM

#282790 RE: was hotlinktuna #282709

Anyone who does not know HOTLINKTUNA, I would vouch for him in a minute. He is a great poster and honorable person.

So, I how are you doing! Been long time, I see you are a card carrying paying member of IHUB. I am free member and I figure my lifetime membership of SI is my dues. I hope all is well and look forward in hearing from you.


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Dain Bramage

08/11/04 5:17 PM

#282821 RE: was hotlinktuna #282709

Thanks for the heads-up on IIIN. Are they selling anything to China???
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Zeev Hed

08/11/04 6:06 PM

#282829 RE: was hotlinktuna #282709

Tuna, I did a fast review of IIIN, and I personally don't like it. First, I am no fan of "Industrial" type of companies. Their business may have a winning quarter here and there, and with construction in recent quarters going through the roof, understandable. If there was a special "deal" on them, selling under book as OMG did for a little while last year, I would have bitten. They have a serious debt load (which recently has gone from LT to short term?), on which they have to pay about $10 MM a year in interest, and maybe more as interest rates creep up. From Yahoo financial I see that the last quarter was the first profitable in the last 12 month, and that with a booming construction, the last two full years brought about $25 MM in losses each, or $3 per share of red ink. Repeat of that will completely deplete their resources, IMTO. I fear that even a small slow down in construction coupled with higher rates will do that puppy in. The TA shows no signs, right now, of my concerns, so all I can do is wish you luck and just raise your stop as it keeps going up. A breach of $8 should be a warning sign to take your profits and run, IMTO.

PS, note that they have only about a million bucks of cash on hand, unusually small for a company with sales in the $250 MM plus range annualy, it ties their hands, if they have to increase their working capital (particuarly inventory and receivable), they could be in a cash crunch.


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Newly2b

08/11/04 7:24 PM

#282843 RE: was hotlinktuna #282709

OT

Hi, hotlinktuna, nice to see you posting here. You were one of my favorite posters on S.I. back around 1999, and was sad to see you leave (was it 2001?), then found you posting again later on TAT's thread. I never subscribed over at S.I. and couldn't post, so while I feel like you're an old friend, you are no doubt thinking 'Carp! Who is this Newly?' LOL Doribee from TAT's thread also has stopped by once or twice. You back trading full-time again now or still doing that part-time thingie?

Newly