tag:blogger.com,1999:blog-754894216207950592.post8538592511887303078..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: ECIA is on the Verge (Again...)Dan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-754894216207950592.post-24873310340456921122022-06-03T13:14:04.588-07:002022-06-03T13:14:04.588-07:00I usually view change as a good thing because then...I usually view change as a good thing because then at least something has to happen. For these boring slow moving companies it's that change that can mean opportunity. But if it meant liquidation of his shares then price could get beaten down.<br /><br />I saw ELST has a new CEO today which gives me some hopeDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-29602080222011032322022-06-03T11:54:41.369-07:002022-06-03T11:54:41.369-07:00Any thoughts on what might happen if Vern were to ...Any thoughts on what might happen if Vern were to pass? It would affect this and ELST. Chances of an outright sale of the company?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-65474099985742284012021-09-22T02:28:24.725-07:002021-09-22T02:28:24.725-07:00I obviously sold the title a bit too early ;). The...I obviously sold the title a bit too early ;). The price is now 7.10 USD. Incredible run from 45 cents of this 15x bagger. However, I think this stock is now highly overvalued. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-83994989659047870472021-08-03T10:07:15.945-07:002021-08-03T10:07:15.945-07:00MILC worked out for me. I sold it for usd 1.3 and ...MILC worked out for me. I sold it for usd 1.3 and my purchase price was around 45 cents. Perhaps you can buy virtually any micro stock that is deeply valued. In the majority of cases it works. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-63700978587722105522020-05-20T14:13:33.059-07:002020-05-20T14:13:33.059-07:00Hurray?! I don't know why it's moving. S...Hurray?! I don't know why it's moving. Someone took out the big offer at 0.60 and it was off to the races. I hope there's a contract or some news coming to back it upDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-31869016951765738692020-05-20T13:43:15.277-07:002020-05-20T13:43:15.277-07:00Any thoughts on ECIA? The stock was moving today.Any thoughts on ECIA? The stock was moving today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-36320037315222062802019-12-17T08:13:45.333-08:002019-12-17T08:13:45.333-08:00I'd say any investment is wishful thinking. Y...I'd say any investment is wishful thinking. You have to evaluate each one and decide what your edge is. If people think dark stocks are risky and too hard to get information then less people will be involved in them which means less competition for youDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-54792482457430984742019-12-16T18:09:44.045-08:002019-12-16T18:09:44.045-08:00Dan just came across your cool blog...I've bee...Dan just came across your cool blog...I've been doing some investing myself more in mf's,indexes and less in individual scrips(that too mostly in large caps)...isnt it more wishful when you can only see the management talk and no numbers to support and few companies are even hesitant to even share their financials.... by the way I'm from India and would be much intrested to know the indian brokerage firm which had the connection with MILC...all the best for your investments.Jatinhttps://www.blogger.com/profile/09291398696152068253noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-11275068393185448492019-11-30T22:31:16.680-08:002019-11-30T22:31:16.680-08:00those guys have been buying off and on for years t...those guys have been buying off and on for years though so hard to say. This is the first time in two yearsDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-15693405333308889692019-11-30T22:23:43.581-08:002019-11-30T22:23:43.581-08:00yeah it's been pretty heavy. fingers crossed ...yeah it's been pretty heavy. fingers crossed it means somethingDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-73302334570214824862019-11-30T13:27:34.589-08:002019-11-30T13:27:34.589-08:00Dan, have you noticed the insider buying at $ECIA?...Dan, have you noticed the insider buying at $ECIA? Maybe something is brewing, a VA order perhaps!david@elementaryvalue.comhttps://www.blogger.com/profile/17740644104181648493noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-35653525968567184002019-09-19T22:31:22.741-07:002019-09-19T22:31:22.741-07:00The company has not made any relevant profits in t...The company has not made any relevant profits in the past. I therefore wonder if the equity will simply shrink further. That's actually the most plausible assumption. Usually a company does not liquidate itself, even if it should. Losing the job is hardly an option for management. Usually money is burned until there's none left. Further, management is often far too optimistic related to future business oppurtunities. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-51276012263968303092019-09-11T01:12:04.021-07:002019-09-11T01:12:04.021-07:00Another stock that I find interesting is National ...Another stock that I find interesting is National Stock Yards. Eric Schleien wrote an article/podcast about it on Seeking Alpha (which is not hidden under the paywall). However, I doubt that the real estate is worth more than the entire market cap. I would expect that you get a large discount if you buy 191 acres of this land. I like the dividend yield of 7% and therefore the risk of this investment could be quite low. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-52955441817509588792019-09-10T22:36:50.537-07:002019-09-10T22:36:50.537-07:00On MILC: I like the chart. Like the price. The c...On MILC: I like the chart. Like the price. The company is weird and hard to think about. A private Indian brokerage and a farm in Hawaii do not excite me so I would not buy into that. The one thing that's interesting is how Jan mentioned they are selling off what they can of their stake in the Indian brokerage at 3x the current market cap of the company. That sounds cheap. Still I'm not certain because it's such a weird situation and company. Maybe worth a small position. <br /><br />Side note: I love Jan's work. Great stuffDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-24959331978654240432019-08-24T09:25:58.050-07:002019-08-24T09:25:58.050-07:00Thanks for the idea. Side note, someone else emai...Thanks for the idea. Side note, someone else emailed me about this one recently. Looks cheap. I don't own it and hadn't heard of it until a few weeks ago. I'll have to listen to that podcastDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-14521859274508626742019-08-15T22:29:07.435-07:002019-08-15T22:29:07.435-07:00Sure there is bankruptcy risk. On the one hand th...Sure there is bankruptcy risk. On the one hand they have had losses. On the other they've been making do for a long time and I'd bet that continues. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-10888087635493421892019-08-14T16:08:17.915-07:002019-08-14T16:08:17.915-07:00What’s about the risk that this company goes bankr...What’s about the risk that this company goes bankrupt? E.g. the loss of the last quarter was 182k. Operating cash flow was minus 254k which is worse than the loss. So the company could make about 700k loss in a year if the trend continues. The equity amounts to 2.3 Mio. So in about 3 years this company could go bankrupt. Further, retained losses are 21 Mio. So it seems that this company has a long history of losses. <br /><br />Positive is that current assets > current liabilities and the company has no debts and that 3y is not such a short period. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-79203650683615020502019-08-07T02:41:50.770-07:002019-08-07T02:41:50.770-07:00Do you have an opinion on MILC? The company basica...Do you have an opinion on MILC? The company basically holds 2 assets, a share in an Indian financial services firm and a Activated Carbon plant located in Hawaii. <br />Basically it is a holding company with little/no sales. The interesting part is that price to book is only around 0.2 and MC amounts to around 5.4 Mio. So you get the assets with a big discount of around 80%. About 11 Mio. shares outstanding. The stock is at a 5y low and shows some volatility. The volatility is probably the best part. You find an interview about the firm with Eric Schleien/Jan Svenda.<br />I don't know exactly what to think of an "inactive" holding company. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-35822545623252050502019-07-18T01:21:09.256-07:002019-07-18T01:21:09.256-07:00They probably disagree with the auditor on whether...They probably disagree with the auditor on whether goodwill and intangibles (of 63 million and 116 million) should be written off. This is most likely. This would have a significant effect on the company's equity, as tangible book is close to cero. Therefore, this looks like a very risky bet. At best one could profit from the volatility. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-75254565798995037632019-07-17T22:11:20.324-07:002019-07-17T22:11:20.324-07:00I have many stocks who miss their deadline. I don...I have many stocks who miss their deadline. I don't know about if I have any with auditor disagreements. I do buy some stocks that haven't talked for a while if I still think they are cheap. QDLC was like that. And HAUP and HEMA. It can work out. all depends on the situation. <br /><br />HLTH I don't know about. I'll check it outDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-86960927938377684802019-07-17T07:00:52.114-07:002019-07-17T07:00:52.114-07:00Do you have any experience with stocks that missed...Do you have any experience with stocks that missed their reporting deadline and disagree with their auditors? <br />E.g. HLTH looks cheap based on all fundamentals but the last reporting was at the end of June 2018. Further, I dont like their debts. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-15444974645109766402019-07-09T13:11:02.957-07:002019-07-09T13:11:02.957-07:00This company (TCOR) discloses only very limited in...This company (TCOR) discloses only very limited information from profit & loss statements. The share price is not necessarily favourable if you look at the price chart of the last 10 years. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-32437369378719208822019-07-09T12:39:37.258-07:002019-07-09T12:39:37.258-07:00We love TCOR too :) Dan, it's definitely wort...We love TCOR too :) Dan, it's definitely worth moving to the top of your list to research soonHessnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-24062941570466190762019-07-09T06:18:22.834-07:002019-07-09T06:18:22.834-07:00I've followed this off and on for several year...I've followed this off and on for several years and I think the problem has been that buying ECIA's products is tantamount to doctors/hospitals admitting that they injured/killed patients when there was an alternative. Switching could open them up to greater liability in my non-legal opinion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-64795651863073650942019-07-09T01:01:13.804-07:002019-07-09T01:01:13.804-07:00What I don't find so great is that this stock ...What I don't find so great is that this stock trades above book value, although the Company does not record profits or relevant cash flows. So the valuation might be appropriate. But the volatility could drive the price higher. <br /><br />Currently I like stocks such as QCCO, MSN or McCoy Global a bit more because these stocks trade below book and liquidation value. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.com