Tuesday, December 19, 2017

Tesla Conveys An Illusion, But No Profits

US NEWS Is Tesla On the Brink of Disaster?

The man who predicted Enron's fall sees a similar path for Tesla.

By Wayne Duggan, Contributor  |Dec. 15, 2017, at 6:55 a.m.

 A Canary in the Wall StreetCoal Mine 

A retired hedge fund manager explains why he’s short Tesla.
ByDavid Rocker Aug. 26, 2017 1:21 a.m. ET 

Sunday, June 11, 2017

Tesla Says "Convertible Notes May Encourage Short Selling"

Saturday, December 2, 2017

IRS Orders Coinbase Exchange To Handover Data

Tuesday, November 28, 2017

BitCoin Rewind 2013 : What Is A Bitcoin?

Monday, November 13, 2017

Equities Research Removes Overstock From Buy List: Drops Coverage

This Bull is Giving Up
Over the Summer I read an article about Overstock (NASDAQ OSTK: $56.30) at ZeroHedge.  I learned more about the ICO space after visiting the Securities and Exchange Commission web site and thought that Overstock was on to something and appeared to be a first mover in the blockchain technology space. In late August  Overstock reported their quarterly financials that were not that impressive and I didn't find the stock overvalued to be a short pick nor did I think it was so cheap that it was attractive to be a long pick. But after reading the Conference Call transcript and hearing more about the ICO space, I thought it would be a good idea for my subscribers to  speculate on and I added it to my August 25th Long Idea List for subscribers and wrote in my note that I thought shares could fetch over $100 if it could get caught up into the ICO euphoria.
Well within 3 months the shares have skyrocketed up nearly $37.00 for a 188% gain.

This past week on the World Wide Web, specifically Twitter, Overstock has erupted into a Bull/Bear battle. I avoid battle ground stocks and have decided to remove OSTK from my buy list and suggest my subscribers take profits and that I will no longer be covering this ticker.
I may be very wrong and the shares may go to $100+, but I would rather be conservative and safe, it would be horrible if the shares returned to the teens and subscribers end up not making a dime.

The company does not have that many shares outstanding and with a large short interest the shares can really fly but I would rather stick to fundamentals and avoid this hot story.
Check out this chart from StockCharts.com for OSTK

Visit StockCharts.com to see more great charts.

Friday, November 10, 2017

Equities Research Long Stock Picks Up 84% in 10 Weeks!

November StockPicks are out. If you never subscribed, you should order picks today. Longs/Short Picks. email thomasrenna@gmail.com now!
If you been following me and never subscribed to my Picks , you should really subscribe today. $`500 for this month's list of long and short picks.

Equities Research Long Pick OverStock Up $30 in 10 weeks
Long Picks from Aug 25th

Short Picks From August 25th 

Equities  Research Back to School Picks
August 25, 2017

*Retail Investors $500
*(retail investors only receive Company Name, Ticker and Price Target)

Long Pick:   
Overstock (NASDAQ: OSTK) $19.50  
price target: $100.00+

Overstock the ICO “pure play”

Nathan's Famous (NASDAQ: NATH) $56.00
price target; $70.00

Price Target L/T $125.00

Short Pick:
Titan Machinery (NASDAQ: TITN) $16.00
price target: $7.50

Caterpillar (NASDAQ: CAT) $115.00
price target: $86.00

CONN's (NASDAQ: CONN) $19.75
price target : $9.25 

In 28 years I have made many outstanding picks, here are some of top short ideas

December 2013: Short Conn $78
July 2016 : Short Noodles $10
February 2013: Short Stratasys $86
April 2015 : Short A. Schulman $48
February 2013 : Short Titan Machinery $28
April 2012 : 
Short Chipotle $440 on mentioned in CNBC clip

October 2014 
Long Recommendations (from Stone Interview)
Tom Renna: I’m bullish on social media and believe it will be the hottest sector for several years. The Global X Social Media ETF (SOCL), which consists of a basket of social media stocks such as Facebook, LinkedIn, Yelp, Zillow, Groupon, Pandora, Shutterfly and top sites like Google and Yahoo, is definitely a place to invest your money. It’s just under $20 a share and every investor should own it because it will be worth $100 a share in five years.

Thursday, November 2, 2017


The top five largest  public companies based on market capitalization have gained over $1 trillion from October 31,2015 thru October 31,2017.

Thursday, August 31, 2017

Titan Machinery Reverses FY2018 Guidance From Profit to ($-0.35) Loss

Titan Machinery today lowered FY2018 guidance which CONFIRMED that its Q1 Conference Call in May was another PUMP AND DUMP.
Just 90 days ago when Titan reported another huge  quarterly miss (loss) the stock was hammered in premarket only to have the Chairman go on the morning conference call at the market open to PROCLAIM that the company although had Q1 losses would BE PROFITABLE in FY2018.
The stock IMMEDIATELY RALLIED and shot up 30% off its morning low!
Within 24 hours the stock SOARED and sure enough the CHAIRMAN DUMPED HIS STOCK.

This morning the Chairman said in the Q2 press release that the Company WILL NOT BE PROFITABLE in FY2018 but instead would LOSE (-$0.35) a share in FY2018!


This post will be updated later today after the conference call as the company failed to disclose REVENUES in their morning press release regarding their NEW DISTRIBUTION channel with an entity outside of the AGRICULTURE/Construction Space

SALES DECLINED IN Q2 across every channel:

Earlier this year a SEEKING ALPHA author wrote an article saying Titan Machinery hasn't done anything Criminal to make stock go into the pink sheets. HERE IS MY REBUTTAL illustrating all the GAMES.

My rebuttal with links can be found below:

Thanks for the mention.
You mention that you didn't you see anything that the company has done that is criminal so you don't see the company blowing up.
I think it would take a criminal investigator to make that decision.
For instance , has any agency ever investigated the suspicious trading in the stock prior to the 8K filing when the auditor suddenly resigned? http://tinyurl.com/kkc...
Have you or any agency ever investigated the suspicious trading in the stock on the session prior to the company issuing a press release that the company announced they were abruptly closing stores?
Has any agency ever investigated the lack of "related party transactions" disclosure regarding the construction company that has done the work building out locations. http://tinyurl.com/mya...
In the quarter that the company inflated their assets and under reported losses by 50%, has any agency ever investigated that disclosure? http://tinyurl.com/k9x...
Has any agency investigated the HYPE EPS estimates made by the Penny Stock Firm located in Minnesota (FELTL) saying the company would earn $0.37, only to see the company report a loss of over a ($1.00) 6 months later? http://tinyurl.com/ke4...
Has any agency investigated who is running Dealer Sites? You mention Dealer Sites had those lease agreements with Titan prior to going public but the percentage ownership of 30% is incorrect. It was nearly 100%. Are you aware that in 2013 they increased the lease agreement from $50 million to over $100 million?
Does anyone know how many of the stores that still remain are on properties owned by Dealer Sites? Have any of the stores that closed on property owned by Dealer Sites?
Was there anything wrong When the Chairman hyped up his stock when he was featured on CNBC Mad Money with Jim Cramer and then 30 days later he and the CEO sold 500,000 shares @ $28 (note there are only 21 million shares out).
More notes on Selling into Hype here .. http://tinyurl.com/kk4...
I am not sure if any of these activities are criminal, I'm just not as confident as you that they are not.
I can dig up more notes later to post here.
As far as risk reward in owning shares here at the $15 level, what are your thoughts?
The company this month said they were closing 15 USA stores by July 31st (almost 20% of USA locations) and gave guidance that sales will decline in FY2018 and they company would not be profitable again for the 4th consecutive year.
If they were to earn $0.05 a share in FY2019 , do you think the company deserves a Price Earnings Multiple of 300 based on FY2019 earnings estimates?
You mention that the company has available Credit of $500 Million, but that is not really true because the covenants of their Loan agreements won't permit them to exceed their current ratios.
Although you correctly note that the company "had" $52 million on Jan 31,2017, that number has declined after they paid out $15 million to WFC since that date.
There's so so much more for me to comment about this company but I have to go somewhere this morning.

Friday, August 25, 2017

Back to School Newsletter Picks Available Now!


Tom Renna began his professional career on Wall Street 28 years ago after graduating Rutgers University. In 2005 Tom founded Equities Research LLC, a small boutique investment research firm where he provides market research analysis and consulting services to both Issuers (private and public) and Wall Street professionals. Tom's experience as an investment banker, financial advisor, institutional equity broker, bond broker, entrepreneur and director of a public company gives him the unique ability to see all sides of Wall Street. Tom provides invaluable insight to both issuers and investors, from the novice to top Wall Street executives.  In 1997 Tom was an original owner of Newsgrade Corporation, a private online publishing company that annually generated millions of timely and actionable automated unique stories that were streaming on Bloomberg Terminals for institutional investors. By 2003 Tom had become Managing Director of National Sales for Stockdiagnostics.com, a subsidiary of Newsgrade that he helped to create. Tom has made some of the top long and short calls over the last 25 years on Wall Street and his work has been mentioned on CNBC TV among other financial news sources. 
email Tom directly: thomasrenna@gmail.com

Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities. 

Founder of Equities Research 2005
Stock Picker and Author of the weekly, Tuesday Market Commentary, published at Global Investor Services, Inc., (formerly known as TheRetirementsolution.com). (May 2007, ending Spring 2009)
Large Cap, Mid Cap and Small Cap folios for GISV   7/5/08-4/21/09
Stock Picker and Author of the famous weekly OPS Newsletter published by Stockdiagnostics.com
Broker, Insurance Agent and Financial Planner , specializing in Municipal Bonds at J.B.Hanauer brokerage (now RBC DAIN)
Accredited Asset Management Specialist - A.G. Edwards & Sons, Inc., St. Louis, MO, a full-service New York Stock Exchange Member Firm.(now Wells Fargo )
Director of Business Development, CECS Corporation, Seattle, WA, a publicly traded holding company that specializes in the investment in technology companies. Also served on Board of Directors.
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