I’m the type of person that mostly doesn’t do anything until prices start getting slammed, at which point it’s my priviledge to be on a position where I get to use my skills to sort through as many companies as I can to find the stocks that are getting slammed the hardest and have become the most undervalued in the world.
mos – like how it got crushed really hard when oil prices crashed, same as chk, and gu – mental note for peak oil strategy.
qkls – no
ccme – yes, need to relook at the numbers myself – but a yes even without looking
sdth – prolly a doubler but out of my price range
tpi – i like this one now. for a long hold. http://investorshub.advfn.com/boards/read_msgs.aspx?board_id=9884&NextStart=40685&BatchSize=100
csol – bad q, but the next one i guess is going to be good? lol… turnarounds.
yong – yep
steeledge thinks CWBYF (.01) CNDWF(.52),CFQWF(1.05), and NHR(.35) warrants are going to be homeruns
cwbyf – ??? no clue but i read something about hydrogen fuel cells i think
cndwf – china cord blood again? nah
CFQWF – isnt this wowjoint now? isn’t cclwf better?
NHR – nah
xodg – haha, private financers. haha
cmm – dropped big on big volume very recently, caution! someone might know something bad.
ecbi – prolly net income around 15 mil, shares of 14M, Price? $3.50 is where the low is going to go, likely. no clue. 50%+ growth
hghn – nah
amcf – it’s ok, not great, probably a doubler or so easy, could be wrong here, just looked at numbers
qkls – price 5.15, shares 40M, market cap 200M, revs 250M., bv 100M, earnings 20M, nah
cpqq – sure
bwow – ni = 12M, warrants @ $5, 16.8M shares eps = 0.71, puts exercise price at p/e of 7 with cash of $36M. 2.14 cash/share, bleh, not compelling
cbpo – p/e of around 7 i think on a forward basis? staying away.
wwin – too expensive
cadc – p/e of 5.6, turnaround? NOPE, the non GAAP cuts eps in half. lmao
xnyh – could be really cheap, but too small for me
dyp – $91M of cash? cash – total liabilities = $60M 30M shares, takes out $2 of eps, real price around $5 P/E around 8-9, last quarter sucked, no thanks
nep – lpih is cheaper
cgyv – nah
chfi – bleh, where are they?
cgdi – a pink now
jada – like it
visn – i cant find the price here
cntf – nah
sgzh – expected up and running july, yes
cncm – lol no
WKBT – yes, Q1 EPS = $0.17 P/E of 4.5 and growth…Sales = $13.96M…Net Income = $4.45M…Cash & Equiv = $18.1M…A/R UNDER $1M…Total current liabilities = $10.7M….And they’re paying taxes !! Share price = $3.75.
http://sec.gov/Archives/edgar/data/1484042/000114420410028519/v185037_10q.htm
hfgb – dilution
Stocks I bought today? Sure:
CNAM, CCLWF, LPIH, LTUS, DJSP (marginable)
My twitter post: $$ $CNAM $LPIH $DJSP $CCLWF $LTUS – Conviction Buys! I feel like the Beast in Beauty and the Beast in the Wolf Scene http://bit.ly/brnikT
CCLTF / CCLWF: Here is their march presentation http://www.megaupload.com/?d=557XJU8E
They have 9M common shares outstanding.
They have 15M warrants outstanding (7.5 strike).
They will get 1.2M common shares for making earn-out in 2009.
For them to get 2010 earnout they need to show 30%+ growth.
For them to get 2011 earnout they need to show 30%+ growth.
They have some earn-outs based on $15+ price-per-share.
The common is currently BELOW the strike price of the warrants, as per GAAP accounting the warrants do not count at all towards the share count. Once the price is above $7.5 the warrants will count via the treasury method. That means that when the common is at $10 (Its now at $7, thats a very nice gain) the stock will be at a P/E of 5 by the treasury method.
If you do not like the treasury method, that is fine. Assume all the warrants have been exercised and there are 25M shares outstanding. In this scenario you must ALSO give the company 113M in cash from the warrant exercises. This means, assuming no other cash on the balance sheet, that the company has $4.5 in cash PER share. With 25M outstanding EPS for 2009 is $1.
Thus on a (P – Cash / EPS) basis, (7 – 4.5) / 1 = 2.5x.
Care to show me something else cheaper (based on 2009 numbers) growing at 25%+ with a decent balance sheet? Hopefully something that provides warrants so I can get insane leverage for years to come on that growth?
-Fernando