I don't say much, but when I do it's usually worthwhile. Surrounding myself with good people looking to make a contribution. No one has a monopoly on ideas.
Hi guys. Just an FYI. Will be taking some open- ended time off probably starting Thursday 4/25. Number of factors, all is well though. Will be available for DM's as I check in periodically.
$CPPTL Anyone familiar with this? It's a trust formed 12/21/20 from the reorg of J.C. Penney properties. Holds 137 properties of 18.1 mil. sq. ft. Has to dispose of all properties by 12/10/25. $1.227 bil. in equity 75 mil. shares out. Makes payouts as it sells properties.
$FNMA, $FMCC Simply amazing how long these have been held in purgatory since the last real estate collapse. Inactions by both parties. Now eerily similar threats are appearing, and the gov't has been sweeping their profits all these years.
$UTGN small Kentucky life insurer. Noted today bid up $5 to $31. $82 mil. market cap. $143 mil in equity or $45 per share, no divvy. 65% owned by CEO. Owns approx. 20k acres of timber/mineral land. Never heard of it. Anyone familiar?
$OTCM Absolutely amazes me how so many practically worthless companies pay to get their News & financial reports posted to the site. While others nicely profitable don't. Have to parse through so much nonsense.
@RagingVentures
@therealkn42
No bank practically has them. Especially many of the small caps who have very few sophisticated enough to manage the risk. The AOCL hits I've seen have shocked me. HTM is basically accounting witchcraft. Tighter lever comes if Fed pushes higher, and money flees.
$UNTC Declares a regular & special dividends after the close Friday. Declares a quarterly dividend of $2.50 Record 12/18, payable 12/27. Special of $15 with the same dates. A conditional special of $5 if the co. closes on sales by the recordof properties in the TX. Panhandle.
OMG! No rest for the weary. Easter had to come early this year. A ton of annual reports & 10-K's announced today. Most notable: $FFMR, $GCCO, $GBFH. $QUCT, $TLNE $TPRP. Will post give me time.
I am completely convinced that this market is continually going higher because people simply send money to equity index funds that have had the best performance. Anything outside of an index be damned.
$SENEA, $SENEB Announces purchase of the Green Giant U.S. shelf stable biz from B&G Foods. Has entered into a license agreement for the use of the Green Giant brand name. Sale doesn't include Green Giant frozen, Canada, or the Le Sueur brand. Seneca co-mfg'd much of this product
$NYCB Closes on equity investment. Quite amazing that if there's an emergency deals this size can get done almost immediately. In the meanwhile, small bank mergers can take months lingering or dying on the vine.
$HRBR 12/19 Air Wis. terminates the capacity purchase agreement between it and $UAL dated 2/26/17. Aggregate obligations are approx. $17.5 mil. Have to love these 8-K's. Issued 4 days later 1 day before holiday weekend and late in the day.
Is it me? General unease, boredom, tired, not making great headway & happy to own 5%+ CD's. Seriously thinking of walking away, and enjoying some time & reset.
Running out. Been neglecting the gym, and market has been frustrating to me. To all my friends take a breather and walk away and do something for yourselves. See you in the AM.
$BHRB traded 43 shares @ $83 up $15.50, with the 40 for 1 split. Bid $64.37 or equivalent to $2,574 on the old stock. Offered at $83. O.K. guys whole point was to tighten the spread and increase liquidity.
$ERKH Agrees to be acquired by an investor group. Cash merger of $13 mil. also immediately prior to closing subject to regulatory approval to pay a dividend by which the co.'s adjusted tangible equity exceeds $10 mil. Based on various factors est. to get between $20 & $22 per.
$BRBS Announces the Signing of Definitive Purchase Agreements for $150 Million in a Private Placement. 60 mil. shares @ $2.50, 20.4 mil. warrants with a strike of $2.50. Led by Kenneth R. Lehman
$ABLT announces a $500K stock buyback. Market cap $4.49 mil. Recent trade $135. 32.47K shares out, book of $850 per share. Old mfg. of vinyl asbestos tile. E.P.S. are all over the place from losses to gains.
$NWLI Finally! To be acquired for $500 in cash by S. USA Life Insurance Co. an affiliate of Prosperity Life Group. Expected to close in the 1st half of '24. Needs stockholders, antitrust clearance and insurance regulatory approval.
$FCNCA 4th quarter eps. $46.58 A number of items reduced income incl. Acqu. related expense, decrease in gain on acqu., FDIC assessment, intangibles, FMV on equities. NIM 3.86% TBV $1,357.77 Conf. call 9 a.m. ET
$TRUX 3rd quarter eps. $1.57 vs. $1.49 NIM 2.61% vs. 2.95% cost of funds 3.05% vs. 1.02%, and 2.8% on 6/30, dissolved Risk Management co. BV $27.43 vs. $23.84, repurchased 12,986 share @ avg. price of $59.59.
$BDCO 1st quarter 10-Q. Still long small this lottery ticket. Balance sheet greatly improved, and recent rework of long term debt. E.P.S of $1.12 vs. $.27, Revs up 5.4%, COG declines 7.6%
Been on my mind some of the ECIP & CDFI recipients have either been nice winners or awful losers. Goes to show even with a near free gift some will always screw it up.
$MUEL Wow! Announces a tender offer for up to $10 mil of its stock @ a price of $80 per share. At the co.'s sole discretion it may buy up to an additional $5 mil. Offer to begin 3/15 and expire on 5/7 unless extended.
@Akston_Capital
You won't sell that house anytime soon. PNC will be crying as they have to raise what they pay for deposits. The Fed really screwed up allowing rates to go that low, and for asset prices to explode.
$BWEL '23 F/Y ended 9/30 $11.10 vs. $66.97 or $84.13 including discontinued operations. Cash nil from $80 mil+, but inventories nearly doubled. Sales down 22%. Took a flood expense of $40.8 mil. to manage flood flows on land that was not farmed. Cap ex. up more than . Cont'd
$OTCM Been noting an issue with News Releases. Very often a co. will release news, but it won't be on their New Release headlines. It will however fall under the co.'s specific page. Just called the reason is the co. needs to pay to have the info listed on News Releases.
$BEBE $RILY agree to purchase 3.7 mil. shares owned by Manny Mashouf @ $5 per share (closing price $3.04). $RILY & Mashouf will own approx. 76% & 4% of the stock after the transaction respectively. Minority shareholders be damned.
@TicTocTick
This is not the result of any one person. We've been cheapening the dollar for years. Over accommodating Fed for numerous heads, previous administrations and House & Senate that haven't given a flying F*** about our debt.
$CFST 3rd quarter e.p.s. $2.20 vs. $1.68. Loans up 11% vs. year earlier. Merchant services up 158% vs. year earlier. No provision for loan losses, allowances at 1.25%. ROAE 32.8%, ROAA 2.3%, efficiency 41.99% crept up from below 40, net margin 4.58%. Assets up 16%, BV $26.02. -
I've been biting my tongue and will shortly call my local mental health officials for a welfare check. This stock is up 100% plus in a little over a month since this mention.
$SOWG Small candy maker trying to do a secondary recently hired a CFO on 12/4, on 3/2 he announced his intention to resign effective 3/4. No mention of reason or any disagreement but seems odd.
Have to say since I've been watching news releases from OTCMarkets can't believe how much junk is out there. So many sub penny stocks, and balance sheet and income statement that I don't know why/how they exist. Brings back memories of Blinder Robinson. Oops, I'm dating myself.
$HRBR 8-K. Air Wis On 12/21 the co. & a senior lender reached a prepayment agreement to which Air Wis paid $46 mil. plus accrued interest in full satisfaction to the lender reflecting a discount to the outstanding principal.
$CPBI Missed this conversion. They sold near the adj. max 4.13 mil. shares sold. Another one nobody cares, but a oversubscribed. Pardon the French but WTF are people thinking? Priced @ $10 opens at $8.25
$SLGD The old Scott's Liquid Gold Co. a name I always wanted to own just because of the product, but could never gain any traction. Announces sale of its wood & floor care line for $1.9 mil. Looking for strategic alternatives. Amends some loan agreements.
$MSVB To be acquired by Beacon Credit Union. Consideration to be between $15-$17 per share. Many conditions as to final price. Union has agreed to pay $45,198,789 in cash subject to dollar for dollar increase or reduction based on total equity.
Off topic but sad. Mary Barra of $GM on CNBC now. Been there 10 years. Stock price approximately $1 higher than her start. Highest quarterly dividend was $.38, currently $.09. Pass the baton Mary.
$BCBP One of the strongest insider buy board I've seen in a while, and most shareholdings are very respectable. These guys believe their story. Love to see other co.'s doing more.
Off topic but interesting. Just saw $BTI announced $30 bil. write-off of assets. Haven't looked at the group in years. $BTI & $MO yielding 9%, $PM 5.62, $VGR 7+, $IMBBY 7.6
Off topic. Church of Latter Day Saints $100 bil. in assets gets away with a $5 mil. slap on the from the SEC. Call me befuddled, but maybe not as clueless as donors.
$ELLH NOL rich co. $1 bil. approx. with $650 mil starting to expire in 2027. $1,350 per share. Trades up $7 today to $75 on about 6k shares. 739K shares out. $GS owns considerable portion. Prior co. bankrupt been around since '18. Clock ticking to utilize. Approx. $18 TBV.
$FMCB -$29.99 to $950 on 20, $950/$975
$PDRX -.042 to $4.89 on 400 a new low, expert
$EXP & $KNF both hit new highs.
$TLNE +$.99 to $91 a new high. A fantastic call by
@alluvialcapital
back in the low 50's if I recall. Congrats to longs.
$MMM Announces new name for healthcare spin-off: Solventum. Originates from "solving" & "momentum" Who comes up with these names and who approves them?
@alluvialcapital
Saddest thing was they were the original $AMZN with their catalogue. Plus, they owned Allstate insurance, Coldwell Bankers, Dean Witter Reynolds & Discover. Combined $ALL & $DFS worth $61 bil. while the other 2 were bought out.
$BLMC the old Biloxi Marsh Lands. Trades today on the Expert Market @ $3.10 on 1,849 shares. Just saw back in Feb. they created an electronic bulletin board for its stock on . Interestingly there are 2 bids there for size @ $4.75 & $4.60. Continued...
$CZBS Declares a $1 dividend up from last years $.75 Record 3/8, payable 3/22
$LINS Declares a $2 dividend unchanged from last year. Record 4/15, payable 5/15
Late October I tried to buy a home listed at $510K bid above, but found out 24 bidders for it. Subsequently sold for $610K, 8 months later see it going begging for rent @ $3,800 a month with no takers.
Here's the answer: Resignation would be detrimental to and not in the best of the Trust & it's shareholders. All directors will stay on board until 2024.
A bizarre situation where every board member of this REIT fails to win a majority of votes. Per guidelines, they all tender their offers to resign. The Board of Trustees will decide whether to accept or reject the resignations. The board is them! I wonder what they'll decide? 🤔
$AZLCZ Update. Co. notified that the owner of West Camp Wind Farm will start construction in early '24 on a 400 MW wind farm located on approx. 45K acres of $AZLCZ. S/B operational by late '25. Co. will receive a per turbine impact fee due shortly after const. starts. Cont'd
$PX 1st quarter non-GAAP $.21 beats by $.02. Rev. $57.3 mil. beats by $2.08 mil. Assets under mgt. up 23%. Fully diluted $.01. Increases annual divvy to $.13 from $.12.
$EWBC Bloomberg article with a paywall. With ‘Everybody Else’ Dead or Gone, One California Bank Thrives
Lender’s deposits grow after rivals in state collapse
CEO Dominic Ng says his bank is now in ‘sweet spot’ to expand
$MCCK Woke up from its slumber today, and I don't know why, but I'm grateful. Annual report recently released. Sales essentially flat, but profitable, and commodity trading did well. $23+ in total cash/investments, net/net $30.
$PK Announces it ceased making payments towards a $725 mil. non-recourse CMBS loan scheduled to mature in Nov. '23, and secured by 2 San Francisco hotels.