SORL having an excellent year; PE should be higher than 4 imo - this one is a hold for sure! Second Quarter 2017 Financial Highlights · Net sales increased 22.7% to $90.2 million compared with $73.5 million in the second quarter last year; · Gross margin was 26.3% in the second quarter of 2017 compared to 28.0% in the same period of 2016; · Income from operations increased 14.6% to $8.8 million from $7.7 million in the same quarter last year. First Six Months of 2017 Financial Highlights · Net sales increased 28.8% to $164.1 million compared with $127.4 million in same period of last year; · Operating income increased 109.7% to $18.4 million from $8.8 million in the same period in 2016; · Net income attributable to stockholders increased 66.2% to $12.8 million, or $0.67 per basic and diluted share, compared with $7.7 million, or $0.40 in the same period of 2016.
SORL back under $5 & just might get my price... Think i have thought of a way to counter selling many (solid) picks too soon & think i will be keeping a little of everything i buy from now on which will keep me focused on playing my stocks and getting a stash of freebies like i have done with a few other plays.
going in here on SORL: 4.92 - gonna hold, so a few cents won't matter - thx for a terrific pick! also, XRF: 7.94 +8% in sympathy with YRD.
lol Took long enough for the lights to come on BUT seeing some of my under $10 picks trading much higher got my mind spinning. Think i need to stop dt/scalping everything b/c have been leaving some good picks behind & am always off to find new picks which has me doing the same thing over & over & over again...
Welcome & keeping a couple of my under $10 plays off the board & for reasons already outlined but may have a couple more coming your way via PM
lol was playing something else when SRAX shot up out of nowhere & is popping again. HMNY unreal move from end of last week & never would have believed it would go that high but back on watch for play - have to check but think #'s due out on 10/12 or 10/13 so should be in play at least until then
still like FRTA: $5.30 +4% - creeping up everyday - lots of insider buying - including CFO buying 25k shares in Sept.: Wilbeck GrantBuy33,1504.16137,9042017-09-15 Mcpherson John RBuy23,4494.29100,5962017-09-14 Carpenter Mark D (See Remarks)Buy16,5004.4873,9202017-09-13 Buy2,0004.408,8002017-09-12Barner Kevin Buy5,0005.1325,6502017-09-12Wilbeck Gran tBuy5,0005.0025,0002017-09-12Suss Chadwick S .Buy12,1254.6055,7742017-09-11Meyer Chris Buy62,5004.03251,8752017-09-11Browne Lori M (See Remarks) Buy10,0004.2742,6992017-09-11Barner Kevin Buy10,0004.0140,1002017-09-11Mcdonnough Clinton D Buy12,0003.9747,6402017-09-11Bhatia Vikrant (Executive Vice President) Buy25,0004.07101,7502017-09-11Wilbeck Gran tBuy20,1503.9679,7942017-09-11Volluz Kyle S. Buy23,3003.9792,5012017-09-11Bradley Jeff (Chief Executive Officer) Buy25,0003.9799,2502017-08-14Brown William Matthew (EVP & Chief Financial Officer)
@Neil Allen FRTA insider buying interesting & maybe turn around is in the works? Just did a quick look for news & saw pages of lawsuits so will keep on watch & look into filings a bit more while waiting to see what it does when it gets closer to that gap b/c ugly chart - downtrend since IPO & also looks like they have some significant debt etc too
i know GOOG is much higher than any of us are messing with. i was just scanning through my watch lists. i see a shooting star at a multiple tested and failed resistance. even their first OTM expiring this week, put is $29. guess ill just stay sidelined and see if i woulda shoulda coulda.
wondering what your thoughts are on BBRY. i thought they should have disappeared yrs ago, but they keep on being somewhat relevant. I'm thinking a bit of a retracement? down to $10.40.
see today's article: http://alphabetastock.com/glowing-stocks-review-forterra-inc-nasdaq-frta/ right....oversold and still reeling from last 2 quarters earnings' misses; heavy debt due to acquisitions; lawsuits are all about stock's collapse - can't find any specifics on basis of lawsuit other than it's "under investigation" by the lawyers. Basically, an IPO gone wrong due to earnings misses. "On May 15, 2017, Forterra disclosed net sales of $338.3 million for the first quarter of 2017, compared to $187 million for the same quarter of 2016. According to Forterra, this growth was “attributable to the impact of acquisitions that increased net sales by $163 million. Forterra also disclosed a consolidated net loss of $22.5 million for the first quarter of 2017, which the Company attributed to a number of factors that unfortunately will persist through the second quarter of 2017. On this news, the Company’s share price fell nearly 25%, to close at $14.93 per share on May 15, 2017. Float 18.52M / % Held by Insiders: 0.38% / % Held by Institutions: 101.60% No mutual funds or institutions have sold; no insider selling. Recent buys: 9/29/17: Redwood Capital Management LLC Invests $7.70 Million in FORTERRA INC (FRTA) 9/27/17: Menta Capital LLC raised its position in FORTERRA INC (NASDAQ:FRTA) by 364.1%to 103,000 during the second quarter, according to its most recent filing. Top Institutional Holders Holder Shares Date Reported % Out Value Lone Star Global Acquisitions, Ltd. 45,107,250 Jun 29, 2017 70.26% 374,390,183 Capital World Investors 3,067,922 Jun 29, 2017 4.78% 25,463,753 Pictet Asset Management Ltd 2,636,865 Jun 29, 2017 4.11% 21,885,980 Vanguard Group, Inc. (The) 1,639,962 Jun 29, 2017 2.55% 13,611,684 FMR, LLC 1,592,900 Jun 29, 2017 2.48% 13,221,070 Blackrock Inc. 1,397,440 Jun 29, 2017 2.18% 11,598,752 Lafitte Capital Management, LP 1,000,000 Jun 29, 2017 1.56% 8,300,000 Rubric Capital Management LP 952,600 Jun 29, 2017 1.48% 7,906,580 Redwood Capital Management, LLC 935,603 Jun 29, 2017 1.46% 7,765,505 Putnam Investments LLC 533,601 Jun 29, 2017 0.83% 4,428,888 Top Mutual Fund Holders Holder Shares Date Reported % Out Value Fidelity Mid-Cap Stock Fund 994,600 Jun 29, 2017 1.55% 8,255,180 Vanguard Small-Cap Index Fund 447,930 Mar 30, 2017 0.70% 8,053,781 Vanguard Total Stock Market Index Fund 425,655 Mar 30, 2017 0.66% 7,653,276 Fidelity New Millennium Fund 407,800 Jun 29, 2017 0.64% 3,384,740 Putnam Investors Fund 398,232 Jan 30, 2017 0.62% 7,673,930 Vanguard Explorer Fund, Inc. 393,700 Jan 30, 2017 0.61% 7,586,599 iShares Russell 2000 ETF 359,520 Jun 29, 2017 0.56% 2,984,016 Vanguard Small Cap Value Index Fund 288,484 Mar 30, 2017 0.45% 5,186,942 Vanguard Extended Market Index Fund 238,708 Mar 30, 2017 0.37% 4,291,969 JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd 182,000 Mar 30, 2017 0.28% 3,272,359
GREAT call on HMNY - you were playing this weeks ago....your idea of holding onto some shares makes a lot of sense
haha neil. to GOOG...does that mean they are trying to sell into me while they take profits? or i would have been dead wrong again? It seems everytime i hear big movers and shakers pumping a stock, market reacts oppositely. maybe thats just the conspiracy theorist in me lol...unless its an upgrade or downgrade. Then its usually a benefit to already have been on the right side.
