posted
i did take a quick look at PWCL but have been so swamped lately that never got around to studying fully.
not much to say re: PDGE and HOM, both sinking today. eh, you never know with fickle investors though, eventually stocks often catches on and value is eventually realized. watching AOBO run lately has reminded me again of this (much like NWD finally moving up a few weeks ago did) - I owned AOBO for awhile, got frustrated and gave up and sold for only an 8-10% profit, but finally they moved (only *after* i sold of course, heh). regardless, i'm just too stubborn to sell HOM or PDGE at these prices anyway.
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PDGE now trading at about 14x earnings for the last 6 months. disappointing has dipped so low, but - am not going to sell it for 1.06, i want to wait to see how the acquisition and the rest of their business goes for awhile.
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hi vg, yup i still own some PDGE. has been one of my most frustrating holdings ever, but - nice to see it move up a bit today. hard to disentangle how much is due to hurricane stuff (with PDGE being involved in environmental cleanup), and how much is due to this PR today:
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PR looks good blue. Terms of acquiring should be out soon so more news, could make it go up. Or if the exchange is too good(pay them too much) might make it go up real fast for everyone trying to make a quick buck and dump and down again. I guess the hurricane news will come out a little bit later on when they start repairing all the damaged stuff.
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no big details out yet, but - does look promising at first full reading.
"Flagship's expertise includes the repair and reconstruction of damage caused by wind storms, fires, and floods as well as mold remediation."
it would seem to me that they'd have some work down south in the coming months.
"For the year ended 12/31/04, Flagship had unaudited revenues of $19.4 million and adjusted pre-tax profit of $2.2 million. For the 7 months ended July 31, 2005, unaudited revenues were $17.8 million with a pre-tax profit of $2.3 million. Current backlog for Flagship is in excess of $5.5 million, creating a combined backlog in excess of $40 million."
not only does flagship have good margins and is profitable, but they are growing - made almost as much as the first 7 months of this year, as they did last year.
quite a large backlog as well, between PDGE's old backlog plus flagship's new one. i like backlogs.
vg i think you are right in that it may boil down to the exact terms of the acquisition agreement. clearly, PDGE had to issue shares and cash to get flagship. flagship certainly looks like a good addition at first glance, am hoping that it's addition to PDGE's bottom line is well worth it in terms of cash and shares paid for it. i'm going to keep holding PDGE.
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Blue i'll keep holding been in for some time since Purl brought it up and some more time in it doesn't really matter. The only thing about the PR that I dont like, its about small companies, when they talk about "unaudited" results. There is very little to verify them. But it does look good.
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Yes, very nice run. I continue to hold PDGE. My hope is PDGE will move up like HOM and NWD.
Made a killing on HOM and NWD. Quite the surprise.
Appears new support is firm at 1.35 per for PDGE. I would not be surprised if PDGE moves up into the 1.80 to 2.00 per range. Very good news today which includes excellent net profits for the company, now and more so in the future.
Did you catch the quick mention of repairs for "wind damage" in their news? Hurricane damage is the driving force behind HOM stock and its recent up run.
Hope all is well with you and yours and you have made good progress with your patio project.
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Well, if you don't shuffle the cards, the game becomes mighty boring in a hurry, especially if you are playing Old Maid or strip poker.
Don't listen to Tex. In another thread, he has been identified as a snotty nosed brat who carries horny toads in his pockets.
Tex, might be time to start looking at stocks which involve alternative fuels. Long term investment, yes, but with gasoline prices the way they are, for good, hydrogen, methane and especially electric cars, are looking like the wave of the future.
I've been looking for stocks related to Texas horny toad farming. No luck, yet.
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lol, barnett shale is the Texas energy play.
Others are bio-tech stuff
and the r/m play...uhhhh, SMKT, if I remember correctly. Good company, can't say about the stock, yet...
there's a decent windfarm play, the only "penny" I know of in that market...Peaser or I one posted on it, a while back; will have to check the ol' notebook...
if I could find the right fuel-cell co? I would hire on...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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In today's modern world, we no longer use a Thunder Bucket, like we did during winter in Oklahoma. Kinda miss squating over a Thunder Bucket and making rude noises.
Today, I wear a Thunder Bucket on my head when I attend all girl soccer games at our local school, a freshly cleaned bucket, of course.
I have a problem with soccer moms and cell phones.
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Queen Bee, welcome back! glad to see you, i was starting to drone on too much to my boring self in a variety of threads.
this summer was ridiculous - too many projects, but - finally finished them all. just driving by home depot and seeing the orance color now officially sends waves of exhaustion over me - time to knock off all projects until next spring, heh! slowly working my way back up to the few hours a day of stock research these days. i hope you and your family had an enjoyable summer, Purl.
yes i did see the wind damage stuff, have been trying to do some flagship research these days. as i mentioned to vg, i think some of the extent to which PDGE might be able to sustain a run into the 2's might depend on the terms of the acquisition. my initial thoughts are that they might have gotten quite a good deal on it, but - more research and terms released before can draw any true conclusions. then again, it could be that the terms are irrelevant and that it really depends on whether PDGE stays "hot" and has "investor" groups piling in - you and i are more prone to spending hours combing through deal details at 2am than many other investors. dunno.
regardless, am going to keep holding for awhile - PDGE hardly strikes me as overvalued at this point. their big (and one would expect, growing) backlog combined with flagship strikes me as offering a bit of a safety net: i doubt we'll be checking PDGE Q's 6-9 months down the road and reading about how revenues are way off and business is slow.
it's interesting in trying to analyze PDGE's movements lately that there was a "double-driver": katrina hit right around the same time as the flagship acquisition was announced. i suspect most of PDGE's rise has to do with the former, but - in the long run my impression is that it may well be that the latter is what justifies and sustains higher prices 6-12 months down the road from now. dunno - we'll see.
it is funny - many of the "boring" value stocks you and i often tossed around months ago *finally* moved lately. HOM and NWD the obvious examples, but - ETLT has been interesting too lately, eh?
CLWY of your "dust off the plants" thread really soared awhile back too, hope you caught that one. a few others others we've discussed - ROBE, ITEX, etc., took awhile but also nice runs eventually.
missed ALMI by a penny yesterday - i was on the bid at 1.01. ah well, maybe will get there today, one can hope.
i'm "behaving badly" and have developed a strong interest in a very non-blue_in_MI stock, GFCI. have a small position now, contemplating a larger one though. am crazy to even look at it, i know, it's *far* from HOM/PDGE/etc.. but, i still find it intriguing nonetheless - maybe you can knock some sense into me, slap me around, and point me back towards "boring" value stocks, heh.
quote:Originally posted by Purl Gurl: Yes, very nice run. I continue to hold PDGE. My hope is PDGE will move up like HOM and NWD.
Made a killing on HOM and NWD. Quite the surprise.
Appears new support is firm at 1.35 per for PDGE. I would not be surprised if PDGE moves up into the 1.80 to 2.00 per range. Very good news today which includes excellent net profits for the company, now and more so in the future.
Did you catch the quick mention of repairs for "wind damage" in their news? Hurricane damage is the driving force behind HOM stock and its recent up run.
Hope all is well with you and yours and you have made good progress with your patio project.
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beauty! took a little chunk off the table at 1.62 primarily to hopefully take advantage of any potential ALMI buying-opp dips, but the rest of my PDGE am going to hold
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ALMI, that last news release was great. I like the way Jacobson is moving slow and cautious. His mentioning of not seeking lending is very encouraging. This talk of moving a "nano sorter" onsite at the mine, is an exciting "hint" for investors of what is to come.
Yep, slow moving boring stocks with big returns!
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Blue, NWD is beginning to come back down. Might be good for another buy in a few weeks or so. Chances are good it will bounce back, maybe around 1.60 to 1.80 share, bounce back to 2.00 per share.
Keep an eye on NWD. Hard to predict this one because it is, or was, a very slow mover.
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Ten years back, twenty years back, thirty years back, I never imagined I would watch my personal wealth increase and decrease as much as ten grand per day, or even per hour!
Drives me nuts and to eating too much.
Back then, I had a hard time imagining myself having ten bucks in my pocket! As a young child, to have a dime in my pocket led me to believe I was very rich!
I contribute my graying hair and growing butt to age, but I know it is this stress of stock market playing! Constantly pulling at my hair and stuffing food in my mouth while watching my money grow and vanish, over and over!
It is Karma paying back from long ago. Such a scam artist I am. I convince a boy, next farm over, to swap coins with me. I have a few pennies, three or four, and he has a dime. I tell him more coins are better, my coins are dirty, and would he trade his shiny dime for my coins. He does. Grandpa catches me, switches my butt good for "cheating" and makes me give the boy back his dime. He gets to keep my pennies as well.
I think the boy planned it that way.
Stock markets are not much different.
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