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Thomas Renna

 
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  • Is Starbucks Over Caffeinated At These Levels? [View article]
    #bullish

    Starbucks (NASDAQ: SBUX) reported poor cash flow from operations for the 9 month period ending June 30,2014. A closer look into the 3rd quarter 10Q reveals cash flow was actually robust but was negativity effected by the Kraft litigation.

    Cash Flow from Operations:
    FY2013 nine months: $2.03 billion

    FY2014 nine months : ($133 million)

    from 1st quarter 10Q: (page 28)

    Cash used by operating activities was $1.4 billion for the first quarter of fiscal 2014, compared to cash provided by operating activities of $1.1 billion for the same period in fiscal 2013. The decrease was driven by the first quarter payment of $2.8 billion for the Kraft arbitration matter discussed above. This was partially offset by cash provided by operating activities of $1.4 billion resulting from increased earnings and improvements in working capital accounts.

    http://bit.ly/XCtB5W
    Aug 21 07:35 AM | 1 Like Like |Link to Comment
  • Fonar Carries Substantial Risks And Provides No Upside For The Conservative Investor [View article]
    right LOL
    Aug 18 08:29 AM | Likes Like |Link to Comment
  • Fonar Carries Substantial Risks And Provides No Upside For The Conservative Investor [View article]
    Depends what the cost basis is and tax consequences to the investor.

    http://seekingalpha.co...
    Aug 16 11:34 AM | Likes Like |Link to Comment
  • Angie's List: The End May Be Nigh [View article]
    i'm surprised this company has been around this long.

    original prospectus

    http://1.usa.gov/1qUp4sB

    Leave it to these Underwriters to Float the deal in the first place to generate some fees.

    BofA Merrill Lynch,Stifel Nicolaus Weisel ,Allen & Company LLC,RBC Capital Markets,Janney Montgomery Scott,Oppenheimer & Co., CODE Advisors, Wells Fargo Securities, ThinkEquity LLC
    Aug 4 01:12 PM | Likes Like |Link to Comment
  • Dow Jones Index Needs A Shuffle To Take Average To 20,000 [View article]
    Dow since September 23,2013 open when 3 additions and 3 removals were made has moved from 15,451 to 17.000 for a neat 10% gain in 10 months
    Jul 3 11:14 AM | Likes Like |Link to Comment
  • Dow Jones Index Needs A Shuffle To Take Average To 20,000 [View article]
    this morning Dow Jones broke 17,000.

    It could have got here quicker if it had not made the changes that were made on September 23,2013.

    Since Dow added $GS $NKE $V and removed $AA $HPQ $BAC

    GS has gone from $163.60 to $169.43 +3.5%
    NKE has gone from $68.72 to $78.40 +14%
    $V has moved from $197.70 to $216.34 +9.4%


    $AA has since gained 83% $8.21 to $15.02
    $HPQ has gained 63% moving from $20.89 to $34.03
    $BAC is up 14% $14.11 to $16.08
    Jul 3 11:04 AM | Likes Like |Link to Comment
  • Deere & Company's Hidden Source Of Value [View article]
    great piece.

    i saw the titan numbers today and can't believe w net income of $5 million for its trailing twelve months the stock trades near a $400 mil mkt cap.
    Jun 5 04:05 PM | Likes Like |Link to Comment
  • Is Caterpillar Stock Overvalued? [View article]
    nice research.
    tom

    #bearish $cat
    May 20 07:10 AM | 2 Likes Like |Link to Comment
  • Titan Machinery's Inventory Reduction Guidance Will Lower Future Sales Significantly [View article]
    $10m impairment charge and the significant increase in interest expense.

    The impairments are all based on future cash flow projections. Goodwill, long lived assets, etc must be judged carrying value versus future cash flow. They profess great prospects but the impairment charges speak otherwise.

    The variable interest rate is going to crush them if rates rise. They are already struggling mightily with covering this.
    Apr 16 09:32 AM | Likes Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    you're probably correct,

    I just thought they would be more careful with cash, considering cash position is getting so low.
    Balance sheet shows "cash position" fell from $124 million FY2013 to $74 million.

    Apr 14 11:41 AM | 1 Like Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    I noticed in Friday's 10K (note 12) the company added 11 additional buildings (net) that they leased in FY 2014 vs. FY 2013.
    In FY 2013 they spent $17.3 million leasing 132 buildings and in FY 2014 they spent $21.6 million leasing 148 buildings.

    $4.3 million in additional expenses.

    Also noticed in Note 3 of the 10K they increased their Inventory for "parts and attachments" from $103 million in FY 2013 to $126 million in FY 2014.

    Investing an additional $23 million in parts and attachments over a year is a 25% increase.

    Nearly $27 million in expenses over 12 months just on these 2 line items appears to be rich.
    Apr 14 08:49 AM | 1 Like Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    interesting. Can you share some of your due diligence on that? thanks

    I just posted a couple notes this morning on my blog regarding Titan's guidance history.

    http://bit.ly/1hpppx0
    Apr 11 08:46 AM | Likes Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    good trade, u look pretty smart on a day with a sea of red
    Apr 10 04:39 PM | Likes Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    true. the short squeeze is way strong man. waiting for 10K to be released. Curious to see what the analysts from the CC have to say. I thought them missing on Q4 top line guiding down on revenue for 2015 would send stock lower. I'm still bearish on the name , don't think its a growth story anymore, but the short squeeze is having their way thus far today,
    Apr 10 01:19 PM | Likes Like |Link to Comment
  • Titan Machinery Is A Perfect Short [View article]
    NBC Montana was tipped off Wednesday afternoon that Titan Machinery would be closing its doors

    http://bit.ly/R5d9rD
    Apr 10 06:24 AM | Likes Like |Link to Comment
COMMENTS STATS
135 Comments
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