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Topic: CKC

grjohnso
Member

Member Rated:

posted

Traders,
This looks like a good entry point for CKC. If you like to trade oversold stocks here is a great one. Enter below 1.8 (1.70 ideally) with a stop @ 1.52.

Insiders all bought over 4.00 so you know this is a bargain: http://finance.yahoo.com/q/it?s=CKC

here are some facts:

Shares Outstanding: 83.63M
Float: 41.00M
% Held by Insiders: 50.98%
% Held by Institutions: 36.87%
Shares Short (as of 8-Feb-05): 4.08M
Daily Volume (as of 8-Feb-05): N/A
Short Ratio (as of 8-Feb-05): 17.982
Short % of Float (as of 8-Feb-05): 9.96%
Shares Short (prior month): 3.18M

87.85% of shares are held by strong hands.

This means there is about 11% of shares trading on the long side as of feb 8th.

So approx 4.51 mil shares are out there on the long side. You may think "look at the 2yr chart, the last drop in price dumped at least 5 mil shares into that category". Wrong, look at the 5day chart and you can see that most of this volume was buying. So I suspect it will take very little buying to see a rebound here.

You may want to wait for the trend to turn around if you are unable to check quotes throughout the day.

things could get interesting,

-Greg

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Art
Member

posted

Great find. I would buy at 1.8 to 1.7 as you suggest.

Can't figure out why a stock with so much insider buying has dropped so much.

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The light of truth is blinding to most.

More comforting to look only at the shadows of falseness.

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DOUBLE L
Member

Rate Member

posted

They are in the auto industry. Looking at options

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Amazing how much time we spend looking for the truth but never spend the time to get to the point.

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pistachio
Member

Rate Member

posted

Talk of bankruptcy. Why would anyone buy this stock?

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Art
Member

posted

Thqnks for the info - the question is does the potential gain outweigh the risks?

Company Financials Fiscal year ending Dec. 31
Per Share Data ($)
(Year Ended Dec. 31)
2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Tangible Book Value NM NM NM NM NM NM NM NM NM NM
Cash Flow 0.97 0.60 0.83 2.60 -0.05 2.60 1.77 2.20 9.60 4.97
Earnings -0.71 -1.15 -1.27 -0.08 -0.05 Nil -0.38 1.17 8.07 -0.98
Dividends Nil Nil Nil Nil 2.03 Nil Nil Nil Nil Nil
Payout Ratio Nil Nil Nil Nil NM Nil Nil Nil Nil Nil
Prices:High 4.98 28.38 25.75 17.66 19.06 24.22 30.94 20.94 23.44 27.50
Prices:Low 2.01 2.00 8.75 7.19 9.84 12.19 15.31 13.44 14.38 19.06
P/E Ratio:High NM NM NM NM NM NM NM NM NM NM
P/E Ratio:Low NM NM NM NM NM NM NM NM NM NM

Income Statement Analysis (Million $)
Revenues 3,984 3,886 1,823 1,902 1,899 1,825 1,629 1,056 1,291 1,536
Operating Income 311 322 136 174 190 166 164 131 191 217
Depreciation 140 97.0 81.8 66.0 58.2 67.1 57.0 28.5 43.3 43.9
Interest Expense 189 149 88.7 100 92.0 85.7 83.3 43.8 49.5 82.0
Pretax Income -61.0 -33.8 -68.3 0.82 -1.12 5.19 2.91 57.6 91.2 90.0
Effective Tax Rate NM NM NM NM NM NM 447% 42% NM 13%
Net Income -59.1 -51.3 -49.7 -1.40 -1.37 -0.09 -10.1 33.1 230 76.0

Balance Sheet & Other Financial Data (Million $)
Cash 13.2 81.3 73.9 20.9 14.0 23.8 24.0 14.3 0.98 3.30
Current Assets 656 803 744 425 465 510 509 696 431 330
Total Assets 3,191 3,157 2,993 1,280 1,349 1,382 1,302 1,536 1,050 681
Current Liabilities 925 929 769 390 362 344 315 344 269 262
Long Term Debt 1,399 1,255 1,430 800 884 846 752 1,138 714 548
Common Equity 440 398 375 -155 -151 -79.8 -66.8 -195 -228 -413
Total Capital 1,843 1,789 1,820 -645 733 766 686 943 486 137
Capital Expenditures 175 148 54.5 69.0 86.4 99.0 71.8 78.5 93.7 84.4
Cash Flow 81.1 45.7 32.1 64.6 -1.37 67.0 46.9 61.6 273 105
Current Ratio 0.7 0.9 1.0 1.1 1.3 1.5 1.6 2.0 1.6 1.3
% Long Term Debt of Capitalization 75.9 70.2 78.6 Nil 120.6 110.4 109.8 120.6 147.0 400.8
% Net Income of Revenues NM NM NM NM NM NM NM 3.1 17.8 4.9
% Return on Assets NM NM NM NM NM NM NM NM 24.4 6.0
% Return on Equity NM NM NM NM NM NM NM NM NM NM

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The light of truth is blinding to most.

More comforting to look only at the shadows of falseness.

IP: Logged |

Art
Member

posted

Tried to buy below 1.8 but it didn't dip yet.

Moved on to something else.

--------------------
The light of truth is blinding to most.

More comforting to look only at the shadows of falseness.

IP: Logged |

Original_Cashmaker
Member

Member Rated:

posted

Yeah I got an order in at 1.7...nothing yet.

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Got stars?

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