Seeking Alpha

Thomas Renna's  Instablog

Thomas Renna
Send Message
Founder of EquitiesResearch.com Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities. visit www.equitiesresearch.com "in this day and age of digital speed and lightning trading, Equities Research continues to use a CALENDAR to... More
My company:
Equities Research, LLC
My blog:
Equities Research
Back To Thomas Renna's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (6)
Track new comments
  • SteveWa
    , contributor
    Comments (82) | Send Message
     
    no mention if the proceeds will be used to hire lawyers to fend off the Dewey, Cheatum & Howe firms that are threatening lawsuits everyday?
    8 May 2012, 03:57 PM Reply Like
  • Thomas Renna
    , contributor
    Comments (131) | Send Message
     
    Author’s reply » the company did disclose in their 10Q's that operational cash flow was negative, it shouldn't be a surprise the shares are down and that they needed cash.
    8 May 2012, 07:34 PM Reply Like
  • SteveWa
    , contributor
    Comments (82) | Send Message
     
    it was a joke in regards to the links that populate Google finance's news stream on this stock. anytime a company's pps drops, a bunch of lawyers start advertising with pr about how they are going to start an investigation, blah blah blah.

     

    anyway back to HUSA, how can a $15 stock drop down to $1.50 over the course of a year, and not be tempting as a bargain play? only if the light at the end of the tunnel is not a train.
    8 May 2012, 11:08 PM Reply Like
  • Thomas Renna
    , contributor
    Comments (131) | Send Message
     
    Author’s reply » If an underlining business continues to record poor operational cash flow statistics (decline) then there is no reason to ever own those stocks.
    a battered stock becomes a bargain if they can turn their cash flow around (grow)
    10 May 2012, 12:24 PM Reply Like
  • SteveWa
    , contributor
    Comments (82) | Send Message
     
    and what is the crystal ball that will reveal if they can turn their cash flow around? that is the million dollar holy grail.

     

    after doing some more research in $HUSA, I found out their CEO John F. Terwilliger was previously the chairman of the board and president of both Moose Oil & Gas Company and Moose Operating Co, who declared backruptcy on April 9, 2002. http://onforb.es/M3qJGo

     

    So I don't know if you can say "this person has a bad track record", or if there was other circumstances surrounding the backruptcy of Moose, i.e. the 2001 terrorist attacks and resulting recession.

     

    HUSA has mentioned the oil fields they are involved in have capability / possibility of high production, but can you believe it? plus the uncertainty of drilling for oil / starting a new well...

     

    They did manage to raise addition capital approx 9 million, so there must be people who believe them...
    11 May 2012, 08:28 AM Reply Like
  • Thomas Renna
    , contributor
    Comments (131) | Send Message
     
    Author’s reply » no crystal ball.
    just read the financial statements every quarter.
    .
    11 May 2012, 11:58 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Don't Assume Titan Machinery Will Be Profitable Because Management Says So $TITN http://seekingalpha.com/p/1rz6t
    Jun 12, 2014
  • Looking for Value play, can someone find a stock w net income of $5 million for its ttm, that i can purchase at a $400 mil mkt cap? $TITN
    Jun 5, 2014
  • Pioneer Todd Harrison Exiting Digital Media $TST http://seekingalpha.com/p/1qrhr
    May 20, 2014
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.