tag:blogger.com,1999:blog-754894216207950592.post522100218228764260..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: DEWY: Real Estate, Change, and SurvivalDan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-754894216207950592.post-77649730672567423662021-12-06T10:12:47.514-08:002021-12-06T10:12:47.514-08:00DEWY announced results of their tender and they...DEWY announced results of their tender and they've bought back almost a third of the outstanding common at $4.65. <br /><br />https://www.deweyelectronics.com/Dewey%20Announces%20Results%20of%20Modified%20Dutch%20Auction%20Tender%20Offer.pdfDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-22519750353713937402020-10-09T21:12:26.397-07:002020-10-09T21:12:26.397-07:00I agree with all of that. I'd like to hear wh...I agree with all of that. I'd like to hear what they paid for it and see more numbers. does sound like an acquisition that makes sense given the product. I like to see DEWY moving forwardDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-45188770968994481922020-10-09T14:46:21.256-07:002020-10-09T14:46:21.256-07:00Any feel for their acquisition of INI Power? Prod...Any feel for their acquisition of INI Power? Product line is complementary. Looks like they bought it from a private equity investor and they say it will materially increase sales. No website for INI (!!), but it looks like over $8mm was plowed into it initially...all before 2006 or so. My guess is that INI was pretty moribund and DEWY basically bought just the assets and a smallish revenue stream (doesn't take much to be material to DEWY). Interesting question is how much of their $4mm sale/leaseback proceeds they have put into this. If they didn't spend too much, this could be an interesting opportunity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-68155737825477108962020-08-25T21:54:56.715-07:002020-08-25T21:54:56.715-07:00so cool to see the company follow through. Sold t...so cool to see the company follow through. Sold their building and part of their land for $4M = $2.92 per share. Still have more land "and management believes a closing is possible within the next six to twelve months". <br /><br />"The long-term stated goal of the Board is to return excess real estate sale proceeds to the Shareholders.A plan will be presented to the Shareholders in December."<br /><br />great news all aroundDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-14783009352811842442020-08-25T11:13:18.383-07:002020-08-25T11:13:18.383-07:00Big news, they sold the building: https://seekinga...Big news, they sold the building: https://seekingalpha.com/news/3608667-dewey-electronics-announces-real-estate-sale-in-oakland-up-22Jaapnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-24857610203400494422018-12-13T14:09:53.708-08:002018-12-13T14:09:53.708-08:00The loan facility looks horrific:
"The effec...The loan facility looks horrific:<br /><br />"The effective rate, including all expenses and fees, is expected to be between 10.5% and 11.5%. The agreement is in place for two years with options to extend, for an additional two years. An initial fee of $12,605 was paid to Crestmark for various expenses including an onsite field exam, administrative expense as well as a machinery and equipment appraisal. There is a minimum borrowing amount of $350,000. At closing of the Loan (October 19, 2018) and on each anniversary hereafter, the Company will pay Crestmark a loan fee of 1% of the maximum amount.<br /><br />Only for two years, I guess. But surprising they couldn't get a better deal given they are marking their excess land & plant 'for sale' and that these assets should have significant value.writserhttps://www.blogger.com/profile/04755781938953507727noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-78107011610596169192018-12-12T08:25:08.493-08:002018-12-12T08:25:08.493-08:00The numbers and real estate talk are great for sur...The numbers and real estate talk are great for sure. Wish they had more to say about some new products to diversify away from the generators but oh wellDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-36700884408562025982018-12-12T04:25:03.881-08:002018-12-12T04:25:03.881-08:00Dewey AR2018 & letter to shareholders released...Dewey AR2018 & letter to shareholders released, sounds great!<br /><br />Grown revenue, returned to profitability; actively marketing their building & land; cost cutting - looks like they're listening to the activist on their board :-)<br /><br />"the Company has been quite actively marketing its 49,000 square foot building and approximately 65 acres of excess land. While nothing is guaranteed, we believe our building and land are attractive assets and will be sold within the next twelve months. [...] The Company does not provide an estimate of sales value; however, it is considerably greater than what is on the balance sheet."<br />Jaaphttps://www.blogger.com/profile/05936351982705394074noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-11741071071073459192018-09-18T23:50:25.109-07:002018-09-18T23:50:25.109-07:00abcabcAnonymoushttps://www.blogger.com/profile/05478799083887053263noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-36675131077176283242018-06-08T09:38:38.570-07:002018-06-08T09:38:38.570-07:00Thanks for informative report. Thanks for informative report. Alice Grayhttps://homeia.comnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-43578993645407672042017-09-21T07:38:30.058-07:002017-09-21T07:38:30.058-07:00How is cashing out with 100% profit pointless? Sou...How is cashing out with 100% profit pointless? Sounds extremely worthwile! Also, I think you should take these 'huge moves' with a grain of salt. Basically, somebody bought 10k shares over a few days. During 2017 prices jumped form $2.75 to $2 to $1.29 and now back to $2.45. There is no unlimited liquidity in stocks like this. You want to buy - you move the price.writserhttps://www.blogger.com/profile/04755781938953507727noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-87272054811057061432017-09-20T15:17:41.838-07:002017-09-20T15:17:41.838-07:00Stock Price has moved from $1.35 (your article dat...Stock Price has moved from $1.35 (your article date) to $2.25 now, In less than a week.<br /><br />It's obvious you have moved the stock - not the first time with one of your articles!<br /><br />Your readership must be quite high now? Begs the question in terms of your thesis...whatever you want to write is pointless, because you can cash out now with 100% profit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-39633947880536190932017-09-19T18:49:31.001-07:002017-09-19T18:49:31.001-07:00Thanks and no I didn't know that. Hopefully th...Thanks and no I didn't know that. Hopefully they can put the real estate to work one of these days.Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-28286148825143609222017-09-19T14:52:57.475-07:002017-09-19T14:52:57.475-07:00Not sure if you saw this, but the company had a de...Not sure if you saw this, but the company had a deal to sell 7 acres for ~$200k in 2011 or thereabouts. The deal kept getting extended (and the price was cut to $150k) before it was finally canceled at the end of 2015. At least, I assume it was canceled because there was no mention of it in the last 10-k. Kevinnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-81301646982913762222017-09-18T08:51:44.941-07:002017-09-18T08:51:44.941-07:00You forgot some more ways to get a winner. If the...You forgot some more ways to get a winner. If the operating business improves. If people get excited about the possibility of the operating business improving. Poly coming back with a real concrete offer for all shares at their $3 price. Any person or fund deciding they want to buy into this stock in volume. <br /><br />As with many of my other stocks we have a low share count and tiny company. Any bit of news or a new contract can be a big change for the company and send the stock way up. <br /><br />I see more ways to win than ways to lose. I see more upside than downside. I think sometime in the future the stock price will be materially higher than $1.35.Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-13646870905843565442017-09-17T18:06:37.772-07:002017-09-17T18:06:37.772-07:00Thanks!Thanks!German readernoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-16290270185421864982017-09-17T13:57:48.776-07:002017-09-17T13:57:48.776-07:00That's what makes a market. All these compani...That's what makes a market. All these companies you look at are so small that I think it makes sense to compare them to private company valuations, and not use some multiple based on other public company values.<br /><br /> I'm looking at a private business right now that has $5 million of sales and earns under 100k. Asking price is $1.1 million. Given that, I don't see how a minority stake in this biz is worth much more.<br /><br />If they monetize the land, you'll have a winner. Heck, if people just get excited about the possibility of monetizing the land, you'll have a winner. If that doesn't happen, you probably won't.Kevinnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-47811855737763206852017-09-17T13:38:43.229-07:002017-09-17T13:38:43.229-07:00DEWY has a bid/ask displayed just like any other s...DEWY has a bid/ask displayed just like any other stock. You can actually see the whole level 2 tree at the otcmarkets quote page for DEWY<br /><br />The stocks that don't show bid/ask are grey market: IOMT, SIMA<br /><br />It can be helpful when thinking about these super illiquid stocks to see the recent transactions. The tmxmoney site shows the past 25 trades which can stretch back months or years for some stocks. https://web.tmxmoney.com/quote.php?qm_symbol=DEWY:USDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-82892280284278064112017-09-17T13:36:45.059-07:002017-09-17T13:36:45.059-07:00it's amazing what different interpretations pe...it's amazing what different interpretations people can have when viewing the same informationDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-5813591747749149572017-09-17T12:44:00.730-07:002017-09-17T12:44:00.730-07:00Do you know what bid and ask actually are in these...Do you know what bid and ask actually are in these stocks? I mean there is no market maker, right? Is it always some buy and sell order that is out there, or is it just the last transaction?German readernoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-52089928231496405932017-09-17T10:06:27.337-07:002017-09-17T10:06:27.337-07:00I think your $5 million valuation is a bit rich. ...I think your $5 million valuation is a bit rich. This thing is bumbling along at basically breakeven and has $1 million of pension debt. If you had $5 million, would you buy the whole company (ex the property)? I wouldn't. <br /><br />I'm thinking under a million for the operating business (after you net out the debt) plus some kind of value for the land. I'd say the current price is fair given the uncertainty around the monetization of the land. Kevinnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-45799852392018731852017-09-17T09:23:56.752-07:002017-09-17T09:23:56.752-07:00With these types of stocks, the last transaction p...With these types of stocks, the last transaction price may never be seen again. Just because it sold for $1.35 yesterday doesn't mean you will be able to buy it for $1.35 today. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-55055149919439541582017-09-17T09:22:29.313-07:002017-09-17T09:22:29.313-07:00I don't understand.
The stocked jumped just...I don't understand. <br /><br />The stocked jumped just because it's very illiquid. There are very few shares for sale so those who want in have to take what they can get, or be very patient. I'm not sure what the bid/ask was when I posted but over the past few months it has been 1.30/2.00, 1.30/1.80, 1.30/1.68, or thereabout. There is a large spread<br /><br />This stock went from 1.95 to 1.65 and back to 1.90 over a few days in May. Then in June it dropped from 1.90 to 1.50. In July it dropped to the 1.30 range and has stayed there until I posted. <br /><br />This is just how these stocks work. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-55176939035661452252017-09-16T23:07:53.071-07:002017-09-16T23:07:53.071-07:00Nice
Your article made the stock jump 25%. Someone...Nice<br />Your article made the stock jump 25%. Someone didnt use Limit order i guess.<br />So with all the SEC, shareholdres meetings, Consultants and so on, all thta was needed is one article from you and a buyer with no limits (who bought is 5ooo$)iotahttps://www.blogger.com/profile/04353887412722440077noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-7764103009809669172017-09-15T07:18:18.156-07:002017-09-15T07:18:18.156-07:00Thanks and yes your thinking is like mine on this ...Thanks and yes your thinking is like mine on this point. I thought about mentioning something of that sort but the market cap is so low it doesn't matter. <br /><br />They have an appraisal of their 'used' land plus building for $4.5M. My thinking is they could sell this and either lease it back or go lease another facility. At that point they'd have to pay a monthly lease so the business would be worth a bit less. So maybe for their $4.5M sale we would get $3M of value. Still cheap<br /><br />The question is will they ever actually do something with the real estate. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.com