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  • Oceanica Receives Key Mexican Government Endorsement [View article]
    The whole premise that Inapesca "endorsed" the project is nonsense - they have given no technical opinion and have no official information about the project according to a FOIA-equivalent request in Mexico:

    http://bit.ly/1wPQIGU

    http://bit.ly/1wPQIGW
    Dec 18, 2014. 01:00 PM | Likes Like |Link to Comment
  • Oceanica Receives Key Mexican Government Endorsement [View article]
    SEMARNAT CCDS are the regional state chapters.
    http://bit.ly/13rAeuM
    Dec 15, 2014. 04:34 PM | 1 Like Like |Link to Comment
  • Oceanica Receives Key Mexican Government Endorsement [View article]
    Front page today of a major Mexican newspaper in Mexico City:
    http://bit.ly/1wBm8ke

    SEMARNAT Advisory Council rejects underwater mine in BCS
    -The environmental impact statement contains misinformation and omissions notes
    -In no country has authorized a similar project
    -Would jeopardize fishing in exchange for just 80 jobs
    -Removal of the seabed cause heavy metal pollution
    Dec 15, 2014. 03:40 PM | 1 Like Like |Link to Comment
  • How Much Will Smith & Wesson Lower Guidance Today? [View article]
    it's quarters so each 4 = 1 yr
    Dec 5, 2014. 06:11 PM | Likes Like |Link to Comment
  • Update: Smith & Wesson Beats On Q2 Earnings [View article]
    The guidance is still unrealistically high - taking the full year and Q3 numbers together imply that Q4 will have revenue of $150mm and EPS of ~$.23/sh vs $170mm revs / $0.45/sh a year ago or only 11% off their highest quarterly revenue at the peak! There's no way things are going to bounce back that hard especially with the discounting they just said they are going to start doing for the first time. If revenues are back anywhere near those levels in Q4 it will be with gross margins so low they will probably barely break even.
    Dec 4, 2014. 09:38 PM | Likes Like |Link to Comment
  • How Much Will Smith & Wesson Lower Guidance Today? [View article]
    The guidance for FY and Q3 implies sales rebound to $150mm in Q4 - STILL too high...
    Dec 4, 2014. 04:42 PM | 1 Like Like |Link to Comment
  • How Much Will Smith & Wesson Lower Guidance Today? [View article]
    So no deals ever had risk because if there was risk they would not get done in the first place? Makes sense
    Dec 4, 2014. 03:51 PM | 1 Like Like |Link to Comment
  • How Much Will Smith & Wesson Lower Guidance Today? [View article]
    Note the covenant on the Credit line tops debt out at 3.25X EBITDA. So with $275mm debt, if EBITDA drops below $85mm (which seems highly possible next year) then they'd be in violation
    Dec 4, 2014. 01:32 PM | 1 Like Like |Link to Comment
  • Oceanica Hits A Wall: Suspended At SEMARNAT Pending More Information [View article]
    quote is from this article at the end:

    http://bit.ly/1toVqYc
    Dec 1, 2014. 12:10 PM | 1 Like Like |Link to Comment
  • Oceanica Hits A Wall: Suspended At SEMARNAT Pending More Information [View article]
    semarnat: "Finally, the environmental office believes that “the omissions detected by CIBNOR, confirms that there is no real basis: the project is based on assumptions and extrapolations; CIBNOR’S point of view is very good”."
    Nov 30, 2014. 03:36 PM | 1 Like Like |Link to Comment
  • Oceanica Hits A Wall: Suspended At SEMARNAT Pending More Information [View article]
    The response could also be denial in which case it's all over in january.
    Nov 30, 2014. 01:36 PM | 2 Likes Like |Link to Comment
  • Odyssey Jettisons Lottery Ticket Upside With New HMS Victory Deal [View article]
    FOIA's take 20 business days to respond to. Initial FOIA was returned a week ago or so indicating that the investigation has concluded, they were found guilty and as it was a first time offense they were issued an official warning letter. Hoping to get the warning letter after the next 20 days (in 2 weeks)
    Nov 30, 2014. 01:35 PM | Likes Like |Link to Comment
  • Odyssey Jettisons Lottery Ticket Upside With New HMS Victory Deal [View article]
    Answer: The previous investigation has concluded and they were found guilty. Still waiting for the details, will take another 20 days
    Nov 29, 2014. 12:37 PM | Likes Like |Link to Comment
  • Oceanica Hits A Wall: Suspended At SEMARNAT Pending More Information [View article]
    http://bit.ly/1toVqYc

    "no basis for project" just based on assumptions...
    Nov 28, 2014. 05:59 PM | 1 Like Like |Link to Comment
  • Oceanica Hits A Wall: Suspended At SEMARNAT Pending More Information [View article]
    Interesting - there are comments from 5 brand new profiles that have only commented on OMEX. I guess it's the off season so the employees don't have much real work to do!
    Nov 27, 2014. 11:57 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
120 Comments
117 Likes