Value Investing and Longer Term Investing - Page 97 - Business, Finances and Investing Forum

dfgg If you like deep value small-cap and micros Coffee Holding JVA is getting close to net tangible asset value and net current asset value again. Looks like about $21.5 mil net tangible asset v and $24 mil market cap. I'm gonna wait and see how low it will get again. Almost bought some last time it was in 3's

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11-01-2017 , 11:46 PM

#2402

Pokabandito

centurion

Join Date: Oct 2007 Posts: 173

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Originally Posted by rafiki

So this was a good warning. Stayed away back then. Just wow today. Thinking fair value may be closer to $9 now, maybe lower even.

Glad you dodged that catastrophe. UAA in definite trouble, and it's not likely to get better anytime soon.

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11-02-2017 , 07:36 AM

#2403

calmasahinducow

old hand

Join Date: Jan 2005 Posts: 1,807

Quote:

Originally Posted by dfgg

Any RMGN holders here? Wondering what the hell is going on that share price is cratering almost 50% in the past few months? No announcements besides their new SaaS product. Luckily it is a tiny position, but the share price is all over the place. It looks like some insider with more info is looking to dump a lot of shares as fast as possible.

Also Hawaiian holdings is getting into interesting territory at $33.

Still holding RMGN. The 20% intraday swings are funny but like you my position is so small I don't care much. Their new app looks exactly like BlackBerry Work. If this is what's supposed to drive the company, we may be in trouble.

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11-02-2017 , 09:56 AM

#2404

dfgg

journeyman

Join Date: Jun 2014 Posts: 385

Yeah I don't really like their CEO based on the last call. He seems to be filled with a lot of hot air. He seems a bit overpaid. And from what I read on glassdoor:

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Sales force is over inflated for the amount of developers employed...I would hire more QA to fix the amount of bugs in the latest software deployment.

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Products need more QA and testing prior to release as new models always seem to come with a raft of faults that cause end users problems and put additional pressure on the Service Desk guys. Then, once that model has had the bugs sorted out the US release another model iand the issues start again.

Could have explained why the ramp was much slower than expected.

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New leadership repeating mistakes of past leadership. It looked and smelled like a company being set up to be sold in an industry with too many players (each with better technology).

Latest 2 star review says this though:

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Cutting edge technology

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11-03-2017 , 10:19 AM

#2405

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

ZCL Composites (ZCL.TO) just had a disappointing quarter, made 17 cents vs 28 expected, stock is down 20% currently on the day. I had a virtual nothing position (100 shares from 4 years ago when I bought some to monitor in the future- then forgot about it), thinking of adding a ton now. 0 Debt, CEO said the company should return to growth next year, Forward P/E ratio of 12.65 and a rich history of producing lots of cash and paying dividends.

They produce underground storage tanks

Last edited by bigt2k4; 11-03-2017 at 10:27 AM.

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11-03-2017 , 03:15 PM

#2406

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

Quote:

Originally Posted by Mori****a System

Merger price is $110. I'm not sure what more you are expecting with it at $113 right now.

Out at $114 due to the news, yuck.

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11-08-2017 , 06:38 PM

#2407

nyc999

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 18,661

Thoughts on Blue Apron as a potential acquisition target?

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11-09-2017 , 03:43 AM

#2408

p2 dog, p2

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 7,536

****load of competitors anymore. I sign up for the trials on a lot of them, they were all the same to me, I have had to get at least 5 or 6 shipments through 3 or 4 companies.

a few competitors to mention: hellofresh, sunbasket, homechef, greenchef, plated

Last edited by p2 dog, p2; 11-09-2017 at 04:02 AM.

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11-09-2017 , 10:59 AM

#2409

wopbabalubop

banned

Join Date: Jul 2016 Posts: 610

I'd like to see them turn it around through further innovation, but an acquisition seems inevitable. Their vision is way too hippy focused, which is to say they don't seem to get the point of being a public company:

Spoiler:

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11-09-2017 , 11:34 AM

#2410

nyc999

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 18,661

Blue Apron is certainly a mess right now and likely waited too long to go public - the rest of the category has caught up. However there are a number of major grocery and big-box chains who want to better compete in the space (Target comes to mind).

Thinking of taking a small position in hopes of an acquisition at premium above the share price.

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11-09-2017 , 12:17 PM

#2411

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by nyc999

If they collapse, it will kill the podcast industry.

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11-09-2017 , 12:39 PM

#2412

calmasahinducow

old hand

Join Date: Jan 2005 Posts: 1,807

They ship food in a box. How do you innovate off that? And why would anyone acquire it at a premium?

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11-09-2017 , 12:58 PM

#2413

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

Plus I think Hello Fresh is like 5x the size of blueapron?

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11-09-2017 , 01:11 PM

#2414

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by wopbabalubop

Spoiler:

I want to see them fail and go to zero.

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Originally Posted by BrianTheMick2

If they collapse, it will kill the podcast industry.

LOL!

Use promo code: busto

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Originally Posted by nyc999

Blue Apron is certainly a mess right now and likely waited too long to go public - the rest of the category has caught up. However there are a number of major grocery and big-box chains who want to better compete in the space (Target comes to mind).

Thinking of taking a small position in hopes of an acquisition at premium above the share price.

noooo

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11-09-2017 , 01:30 PM

#2415

jimicornerstone

grinder

Join Date: Jan 2010 Posts: 414

How do we feel about RDFN? I've been using them as a buyer's agent and really love their product. Their App is far and away the best way to navigate real estate listings and their service model is great. Obviously not much in the way of numbers, but thinking of taking a position going into earnings.

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11-09-2017 , 01:51 PM

#2416

wopbabalubop

banned

Join Date: Jul 2016 Posts: 610

Quote:

Originally Posted by calmasahinducow

They ship food in a box. How do you innovate off that? And why would anyone acquire it at a premium?

There is plenty of room for innovation. For starters, to drive enegagement how about blue apron certification akin to a blackbelt in karate? Culinary education programs in the home kitchen? Original media and content that lowers the acquisition and retention costs?

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11-09-2017 , 03:40 PM

#2417

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by wopbabalubop

bandaid on a bullet hole

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11-09-2017 , 10:21 PM

#2418

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Le Cordon Bleu Apron?

Sure. That'll work.

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11-10-2017 , 01:07 AM

#2419

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Good article on Hawaiian airlines and Southwest for those following. I'm still leaning toward southwest won't be damaging hawaiians inter island profitability. How many flights per day could southwest run between Honolulu and Maui? And they will be using 737-MAX planes for that 30 min flight? Seems like less than ideal cost structure for that route to compete against Hawaiian:

https://www.bloomberg.com/news/artic...hopping-routes

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11-10-2017 , 11:35 AM

#2420

dfgg

journeyman

Join Date: Jun 2014 Posts: 385

They would def need specialized planes to do it profitably. They would get hammered if they used large planes. It seems to me though they would need to take large market share or nothing. Due to large fixed cost. That red corner blog provided the argument that a large amount of flights to and from hawaii provides them with a low cost advantage on the interisland flights as well.

I rather wait for it to get back into the high 20's though. I got cheaper stuff right now.

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11-10-2017 , 02:49 PM

#2421

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Quote:

Originally Posted by BCI23

And more big news for Hawaiian, Island Air is shutting down. Island Air almost always undercut Hawaiian on price so they were taking a lot of the ultra price sensitive fliers. A big positive for Hawaiian as only one small interisland airline is left.

http://www.staradvertiser.com/2017/1...ervice-friday/

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11-10-2017 , 02:54 PM

#2422

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Quote:

Originally Posted by BCI23

Heres another question. If there is all this easy money for the taking in the interisland routes, why don't the already established major carriers that fly to Hawaii add these routes? Alaska, American, United, Delta, Virgin all fly to hawaii right now to LIH, OGG, KOA, and HNL, couldn't they just easily add these routes between the islands and profit? Whats been stopping them? Do they just hate money? But apparently Southwest has some special sauce for the interisland and they are going to crush HA and tank their earnings 50% overnight like the market reaction suggests? I'm skeptical....

Last edited by BCI23; 11-10-2017 at 03:02 PM.

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11-10-2017 , 03:08 PM

#2423

calmasahinducow

old hand

Join Date: Jan 2005 Posts: 1,807

Quote:

Originally Posted by BCI23

I mentioned it before but it's logistical difficulties. Hawaii is not exactly a logistical hub and IRROPS would be a nightmare. Also the planes they fly to the islands are completely incompatible with flying between the islands, i.e. Southwest's ENTIRE fleet are 737 variants.

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11-10-2017 , 03:41 PM

#2424

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

yep, the planes are wrong for interisland flights

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11-10-2017 , 03:52 PM

#2425

dfgg

journeyman

Join Date: Jun 2014 Posts: 385

Quote:

Originally Posted by BCI23

I thought that HA has really large market share for international to and from Hawaii as well. That in turn gives them a low cost base for inter island.

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