Tuesday, April 14, 2015

Ophir Gottlieb, CEO, Capital Market Laboratories is A Genius



 A month or two ago I came across an online financial website called
Capital Market Labs and I have been hooked on using the tools ever since.
I was so excited that I placed a call to the company and spoke directly
with the CEO, Ophir Gottlieb and praised him for creating such
outstanding research tools.

He was a great guy on the phone and
was kind enough to spend quite a bit of time with me and then floored me
when he told me that soon the site would be exponentially more powerful in
a couple weeks. Well now its a month or so later and sure enough the site is even bigger and better!


Anyone who invests in the markets should be using Capital Market Labs!

If anyone needs any help or would like to connect with me and go over the
site, I would be happy to surf the site with you. (it has a free version
and a premium version).. I don't work for the company i just enjoy using the tools.

Below is an interview on BNN with Ophir


BNN - Watch TV Online | Off the Charts: Twitter, Apple and Amazon


Everyone in the Market Place should be following Ophir




Thursday, April 9, 2015

Two Years Ago Today, A Warning That Has Been Cut In Half

NAME
TICKER
4/9/2015
4/9/2013
Perform
2/22/2013
Perform
Titan Machinery
TITN
$13.58
$26.12
-48%
$28.67
-53%
Standard & Poors 500 index
GSPC
$2,091
$1,568
33%
$1,502
39%



On April 9,2013, the day before Titan Machinery (NASDAQ: TITN) reported FY2013 annual financials, Equities Research Warned the public that the stock @ $26.12 was overpriced based on fundamental research.



On February 22,2013 Equities Research Newsletter Subscribers were given the Warning the Febrausry Newsletter @ $28.67

Today @ $13.58 I continue to Warn on Titan Machinery as the company prepares to release FY2015 Annual financials next Wednesday April 15th before the market opens.
 










March 9,2015 Warning preliminary FY2015 annual financials released






TITAN ANNOUNCED THEY EXPECT YEAR END LOSS OF $32 MILLION AND WARNS COMPANY IS IN NON COMPLIANCE WITH COVENANT OF WELLS FARGO NOTE, BUT CHAIRMAN SETTLES INVESTORS BY SAYING HE ANTICIPATES A 6TH AMENDMENT From the lender. 

The bond (2019) fell to an all time low that week to $66.50 yield 14.88% , but after the Chairman stating he anticipates the lender to amend the covenants, which would be for a 6th time and 4th tim in 1 year, BOND IS NOW TRADING UP 12% since the low less than a month ago.

What's very dangerous for stockholders and bondholders is THE RISK of default if Wells Fargo Does NOT Amend Covenant on the terms of the $150 million convertible Note for a 6th Time.
 The public disclosure that is due out in the 10K regarding how Wells Fargo will handle the company which is  expecting to be in noncompliance with the current minimum income before income tax covenant as of the end of its January 31, 2015 fiscal year.
  •  Chairman Meyer stated last month in a press release that "The Company anticipates amending this covenant associated with this credit facility effective as of the end of its January 31, 2015 fiscal year and for future periods, and therefore does not anticipate being in violation of any covenants as of January 31, 2015."

INVESTORS LONG THE STOCK AND BONDS NEED TO HOPE THAT WELLS FARGO MAKES A 6th Amendment like Chairman Meyer Anticipates.

Don't Trust Titan Machinery's Guidance


Sunday, April 5, 2015

Barron's Features Olstein Fund's Cash Flow Specials

Robert Olstein, the founder of the Olstein Funds, is a top money manager on Wall Street for over four decades. The Olstein Funds have always been a favorite of mine here at Equities Research.

This weekend Barron's featured  Eric Heyman, the co-manager of the Olstein Strategic Opportunities fund (ticker: OFSAX ), with his Top 5 Stock Picks: Unloved, but Cash Rich (beaten-down stocks producing lots of cash flow.)
  •  Three small-cap stocks he likes right now are Integra LifeSciences ( IART ), Wesco International ( WCC ) and ABM Industries ( ABM ). 
  •   Lifetime Brands ( LCUT )
  •  Daktronics ( DAKT )
Equities Research Archives: 
  • Bob Olstein Favorite Metric: FREE CASH FLOW

     

    (click here) OLSTEIN: Earnings vs. Cash Flow

    INVESTING, When a Rosy Picture Should Raise a Red Flag by Gretchen Morgenson

      Eight Warnings You Want to See by Herb Greenberg

     Fund Junkie by Ian MacDonald

     Sometimes It Takes a Sherlock by Gretchen Morgenson 

     Fair Game:Why All Earnings Are Not Equal by  Gretchen Morgenson

     American Association of Individual Investors  October 2010
    What You Can Learn from Shareholder Letters by Eric R. Heyman

     Depreciation, An Appreciation by Lawrence C. Strauss

     Olstein Shareholder Letters