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Has been badly beaten up. In 2014, revenues were about $11 million, and are now looking at about $100 million. BV is around $.85, so it is still trading at around 3X BV. The important thing is that insiders have been selling like crazy. When this happens, that is not a good sign. Not a contrarian stock to his way of thinking.
When it appeared they might have come to an agreement with the Greek government a couple of months ago, he felt it was the 3rd inning. However, they’ve taken a step back. It’s an ongoing saga. They’ve put about $1 million into the mine and have employed a lot of workers. It’s on his Watch List, but he’s not willing to dive into it.
Has a new CEO, and all of a sudden people are selling like crazy. The new CEO bought about $1 million worth of shares, which is a good sign. They are looking to sell off a lot of assets. Has a big debt load, so it would be good to pay it down. There are going to be huge changes over the next few years. A great company with some great components, but there are going to be some major write-downs coming, and that always discourages investors. The dividend just got slashed in half.
Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board “Stock House” had said he had “pumped and dumped” this stock, which is something he never does. Dividend yield of 2.3%. (Analysts’ price target is $2.75.)
A small bank in Alabama. Has 15 outlets and has done very well. Not huge revenues, but they are decent and fairly stable. Thinks this has tremendous upside. Their capitalization ratios are amazing. It’s rare to see a bank that good. He thinks it can double from here. Dividend yield of 0.7%.
This is having a lot of trouble. Their space got hit, and a lot of companies have gone under. They do a lot of financing, and also have a good piece of Richardson Securities, which is doing very well in wealth management. The most recent quarterly earnings were down about 21%. They lost about $2.8 million. The commodity fields, which is their cache, has not been doing well, but has been coming back. Just did a crypto currency deal. He’d love to see them do some marijuana plays. This could move up quite a distance from where its at.
