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ryan bhandari

ryan bhandari
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  • Should Investors Be Buying Civeo Alongside Greenlight? [View article]
    I agree - JANA/Greenlight have to have modeled out the benefit/cost of the conversion vs. the redomiciling. The fact that the income is in canada is not s secret and would have to be in Einhorns analysis. Its interesting that the options aren't trading higher given that the CEO ouster and REIT option are still possibilities.
    Oct 22, 2014. 11:19 AM | Likes Like |Link to Comment
  • Update: Francesca's Holdings 2nd Quarter Eh-Earnings [View article]
    Agree regarding the store closings. They may start to curtail new openings to save cash (they're CAPEX is ridiculous).
    Oct 7, 2014. 06:01 PM | Likes Like |Link to Comment
  • Update: Francesca's Holdings 2nd Quarter Eh-Earnings [View article]
    If I remember correctly they were trying to highlight the "strength" in their jewelry dept -- except that the comps were actually DOWN, but just not as much as the other categories. If that was the one good thing they could talk about that is a pretty bad situation.

    It looks like they have $20M of net cash (5M debt) with their current burn rate of $12M a quarter they maybe have a few Qs (holiday will bring in more cash) left before liquidity becomes a problem.

    Its too bad they spent a bunch of cash trying to keep their share price up last winter.
    Oct 6, 2014. 12:33 PM | Likes Like |Link to Comment
  • SSCA August Salvage Declines 89% From June, Funds OMEX Losses 3 Days [View article]
    Tradingdayz, - what are you talking about?
    Aug 21, 2014. 09:32 AM | Likes Like |Link to Comment
  • SSCA August Salvage Declines 89% From June, Funds OMEX Losses 3 Days [View article]
    Is the SSCA set up as a subsidiary? Or do you think they were referring to Ocenanica?
    Aug 20, 2014. 12:52 PM | Likes Like |Link to Comment
  • SSCA August Salvage Declines 89% From June, Funds OMEX Losses 3 Days [View article]
    Yet, the pattern of recovery indicates they did find the highest value stuff first, followed by smaller and smaller (dollar amount) recoveries. Do you believe this to be coincidence or the fact they have indeed been opportunistic in their hauls?
    Aug 20, 2014. 12:51 PM | Likes Like |Link to Comment
  • SSCA August Salvage Declines 89% From June, Funds OMEX Losses 3 Days [View article]
    I understand there is usually a methodical process to a recovery like this, however I think from mgmt's perspective they would have been more aggressive in pulling up higher value objects more immediately, given the specific liquidity concerns of the company. There may be more high value stuff down there but if I was mgmt, I would have wanted to pull that stuff up before that last conference call instead of having to ask investors to have faith in them etc. It also affects their ability to secure more funding if they need it. Just my two-cents.
    Aug 20, 2014. 11:23 AM | Likes Like |Link to Comment
  • SSCA August Salvage Declines 89% From June, Funds OMEX Losses 3 Days [View article]
    The fact that they did not name the sub is further evidence of mgmts evasive manner. Since they know they are coming up short with the SSCA they have pegged investors hopes to Oceanica -- now they have used the Oceanica equity as collateral for the loan but refuse to mention it in this press release. Very shady.
    Aug 20, 2014. 10:06 AM | Likes Like |Link to Comment
  • Odyssey's SEC 10Q: Out Of Cash In Weeks, Neptune Minerals Declines -94% [View article]
    Have all you bulls on this board read the "Trends and Uncertainties" portion of the 10-Q? Its actually a little grim. And Meson is definitely right about the complete disconnect between the way the call (safe harbor protected) and the filing.

    On the flip side, I am not exactly sure what mgmt's purpose would be in drawing this out/or lying. Collect a few more paychecks? Scramble to get more funding? Maybe they are waiting until Labor Day to throw the kitchen sink out on that Friday afternoon.

    Meson, has definitely been aggressive (and wrong so far) in his bankruptcy call. Along with his assertion that no gold would be found at the site.

    Mgmt however seems incredibly sketchy in the cherry-picking they are doing of data and the discrepancy btw the CC and the filing.

    Just my thoughts.
    Aug 14, 2014. 02:43 PM | 3 Likes Like |Link to Comment
  • Taser Shares Undervalued With Double-Digit Growth And Strong Camera Adoption [View article]
    What were video related sales this Q? Last year Q2 2013, they were 1.9M or 6% of revs. Anyone know what they were this year?
    Aug 12, 2014. 12:04 PM | Likes Like |Link to Comment
  • Francesca's Holdings: Does That 'Broad And Shallow' Model Work? [View article]
    Good conversation. I have serious doubts about their concept. Rochelle do you have an estimate for this years EPS?
    Jul 23, 2014. 11:27 AM | Likes Like |Link to Comment
  • Odyssey Marine: Shrinking Cash Position Fails To Cover Current Bills, CEO Greg Stemm Must Go [View article]
    Meson, whats your take on the few gold coins they did recover? Does it call into question your thesis that there was no extra gold/rogue salvagers would have removed it. I am skeptical of the company too and am short. Thanks for the excellent work you did on this.
    Jun 2, 2014. 02:33 PM | 1 Like Like |Link to Comment
  • Don't Believe Us? Test The Teas Yourself [View article]
    Very interesting research. I do have a few questions:

    1. Were these 13 the only samples you tested?
    2. Do you have proof of chain of custody? Shipping data?
    3. Why such a small sample size?

    Thanks
    Nov 28, 2012. 01:46 PM | Likes Like |Link to Comment
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