Remember HNGR and how we caught it right at the lows between 1.75 – 1.80?
Well here comes a mini HNGR.
Global Power Equipment Group Inc. (GLPW)
GLPW is a leading provider of custom-engineered auxiliary equipment and maintenance support services for the global power generation industry. Unlike all the beat to hell energy stocks, GLPW delisted from the NYSE for the same reason as HNGR – unable to file their financials despite having a history of POSITIVE NET INCOME PER SHARE.
• 51.51M Market Cap
• 4.62 P/E
• 0.65 EPS (ttm)
• 17.17M Shares Outstanding
• 12.04M Shares Float
• 23.7% Insider Ownership
• 66.3% Institutional Ownership
• 1.69% Short Float
• $538.54M Sales FYE 12/31/2014
• $16.42 Book/Share
• -77.32% Performance Last 12 Months
• 2.50 – 13.75 52WK Range
Failure to file in just over a year now (10-K FYE December 31, 2014 was filed March 9, 2015) will obviously get you delisted from the NYSE, but the affect in the energy sector surely has had an impact behind the scenes.
GLPW filed an 8K stating how Wells Fargo Bank and U.S. Bank National Association agreed, among other things, to temporarily waive certain existing and anticipated events of default for a limited period of time ending on the earlier of May 15, 2016 or the occurrence of any additional waiver termination event. They agreed to continue making revolving credit loans and issue letters of credit to the Company with caps on borrowing:
(i) $70 million in the aggregate principal outstanding amount at any time for all Revolving Credit Loans, minus the aggregate amount of all mandatory repayments required to be made, and
(ii) $12 million in letter of credit obligations outstanding at any time
Since none of you really care about what’s behind the scenes, here’s what you want to know:
- GLPW is a clear “Bet The Farm” at 0.25 or below
- Bidding 0.50 to get a piece of GLPW is what I’m doing
- If GLPW doesn’t come down that far, notification of my entry will be made on Twitter and Chat
What’s the potential upside for GLPW? It is less than $4 until they get their filings in order.
Yes YHOO is done, but with the possible buyout on the table and word that Microsoft is even in talks with some firms about acquiring the once Google of the internet until Google launched, there looks to be some upside.
Extreme volume was witnessed on April 15 YHOO $40 CALLS yesterday and, if the market place nice today, could be a viable option play ahead of any possible paper agreement or publicly announced offer to acquire them.
AAPL was on fire yesterday, gaining 1.88 (1.75%) on the session, but broke past 110 during the morning portion – the first 110 revisit since early December, 2015. The FBI finding a method to unhack the controversial iPhone we couldn’t stop hearing about for weeks was a good thing for AAPL, almost as good as the weakening U.S. Dollar which positively factors in heavily to AAPL’s bottom line numbers.
Extreme volume was witnessed on April 15 AAPL $115 CALLS yesterday which places them smack dab on the center of radars heading into the end of the month to see how the markets will treat the closing of Q1.
Note that AAPL reports Q1, 2016 earnings on April 25 after the market close.
Shares of recent #OnWatch RJETQ have more than doubled this week since starting it off at 1.21. Yesterday was tremendous as RJETQ returned to 2.50 minutes before the last hour of trading and managed to add another 0.22 to the PPS before closing at 2.71, just a penny off the HOD.
Expectations are to see $3 print early today.
Still no level 2 as SIXD is still on the Grey market for now, but as the 0.30 range was to be the target, a special treat came when shares of SIXD were printing 0.25 during the last hour of trading. Those who want to give it a spin and try and have their order matched, 0.25 is the obvious starting point, but coming off the Grey and onto OTC Pink would be the smarter route to take.
I posted a Tweet on BRNE after it hit my unusual volume scan mid way through Wednesday’s session. From a quick dig into the last financials (May 31, 2015) and a check with Nevada to see if any changes had been made, I kind of like BRNE – especially since the level 2 looks clean and they were an actively trade, $30,000 daily average ticker back last summer.
• Confirmed 400M AS
• Last Q: 78,355,412 OS
Why the big frown on BRNE since, couldn’t tell you, but those 0.0002 shares are ones I wouldn’t mind stashing into the DonkeyCorn account for a sudden surprise.