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dhdhoora

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  • Keryx down again today [View news story]
    Doug -- you could make a case that there seems to be some kind of conspiracy against $KERX. One group led by Thestreet.com blasts them again and again with FBR in tow, while Roth Capital raises price target to $32. Interesting that the Roth note is not picked up on Yahoo Finance -- while all the negatives are. Hmmm...
    Obviously, somebody is wrong or is some group is wrongly making wrong...

    ATVB,
    Don
    Sep 8 02:16 PM | 1 Like Like |Link to Comment
  • Nanosphere to assess strategic alternatives [View news story]
    And now, the end is near.... Nearly $500MM in shareholder equity going, going, ....
    gone.

    Sad, this used to be one of my favorites...

    ATVB,
    Don
    Sep 4 05:14 PM | Likes Like |Link to Comment
  • Excerpts From My Interview With The President Of PSEC [View article]
    Scott -- you obviously do not understand the business of PSEC. You should have done yourself and the readers a favor by declining the interview.

    That said, it would be helpful for us to understand how you actually were chosen for the interview.

    Thanks and all the very best,
    Don
    Sep 2 03:50 PM | 3 Likes Like |Link to Comment
  • A Conversation With Prospect's Grier Eliasek [View article]
    Guardian3981...

    Agree that growth for growth's sake is often the wrong tactic -- unless you're Amazon. But, I do find some comfort that growth at Prospect leads to de-risking the portfolio. And, adding in equity in credits that they control gives a bit a PE nature to the portfolio as well. But as long as we have this amazingly low cost of capital, growth would seem to be a sensible strategy. When rates go up they will inevitably take on more risk -- even with increased spreads. So, IMHO, growth is OK for now -- but yes, they can't duck the NII deficiency much longer...

    ATVB,
    Don
    Aug 29 12:19 PM | Likes Like |Link to Comment
  • A Conversation With Prospect's Grier Eliasek [View article]
    Dividend Sleuth -- Wow! Great work, insight, and gracious handling of the interview! SA is truly becoming an amazing place for investor insight.

    I am quite long $PSEC and like many longs, was quite concerned about the past quarter the last CC. I was not focusing on the 'internal' vs. 'external' question -- but I appreciated Mr. Eliasek's comments. But, most importantly, I found some sense of relief in the discussion on the call center -- I would suggest that Prospect possibly find a better term for that activity -- maybe 'network engagement center'? Anyway, glad that they don't have '100 professionals' responding to leads from the 'call center' whose primary function was to 'cold call' -- ugh... However, I'm not sure why they remain so vague about their dividend. A bit more certainty about growing earnings would be most helpful. Obviously, equity kickers could come at any time and really spice up the numbers...

    So, IMHO, no reason to panic on $PSEC -- a well run outfit with a very strong dividend that is core in my retirement portfolio...

    All the very best,
    Don
    Aug 29 10:42 AM | 6 Likes Like |Link to Comment
  • American Apparel Isn't Out Of The Woods Yet [View article]
    While $APP survival is not a certain thing, I find the last quarter's CC to be quite encouraging. The new management already has had a significant impact on cost reductions -- wow! The key will be the new, as of yet unannounced, CEO and continued support from bondholders...

    But one must assume that SG knows what they are doing. They are very deep dive value investors that have experience in similar retail situations (yes I know they screwed up with RS -- but most of us learn from our mistakes...) American Apparel has significant brand equity and I believe that 'sweatshop free' will continue to resonate with certain buyers. So, my thesis is that the outfit is 'fixable' and by EOY there will be some stability. Just wish I hadn't sold my $.55 shares when I feared that Charney was going to put up a real big fight. Of course, he was faced with seeing the company go into BK or play nice. He chose the latter...

    All the very best,
    Don
    Aug 20 11:44 AM | Likes Like |Link to Comment
  • American Apparel Isn't Out Of The Woods Yet [View article]
    While $APP survival is not a certain thing, I find the last quarter's CC to be quite encouraging. The new management already has had a significant impact on cost reductions -- wow! The key will be the new, as of yet unannounced, CEO and continued support from bondholders...

    But one must assume that SG knows what they are doing. They are very deep dive value investors that have experience in similar retail situations (yes I know they screwed up with RS -- but most of us learn from our mistakes...) American Apparel has significant brand equity and I believe that 'sweatshop free' will continue to resonate with certain buyers. So, my thesis is that the outfit is 'fixable' and by EOY there will be some stability. Just wish I hadn't sold my $.55 shares when I feared that Charney was going to put up a real big fight. Of course, he was faced with seeing the company go into BK or play nice. He chose the latter...

    All the very best,
    Don
    Aug 20 11:44 AM | 1 Like Like |Link to Comment
  • Nanosphere: A Unique Long Opportunity [View article]
    Cysmalla:

    It will be at least 60 days before NanoSphere would receive a notice of non-compliance with the $1.00 SP minimum. Then they would get 6 months to cure and in most cases another 6 months extension. Before they de-listed -- maybe 15 months from now, they would have shareholders approve a reverse split. This is the least of our problems for now. The company doe not have 15 months runway...

    All the very best,
    Don
    Aug 18 09:22 PM | 3 Likes Like |Link to Comment
  • Nanosphere: A Unique Long Opportunity [View article]
    Wow, such a well written presentation -- but sadly lacking in objective reality --IMHO. I'm wondering if this is a paid promotion? Strange that NanoSphere has had two SA articles in the past three days? Since when did this company become so attractive?

    Anyway, the author seems to dismiss the absolutely dismal track record of the company and how long-term investors, such as myself, have seen this movie before. I could list a dozens of arguments against the author's 'analysis' but here are a few:
    1) "the company's financials look solid" -- huh?#$@@! With a $10M quarterly run rate and only $21M in the bank and no profits, the company faces 'going concern' challenges. Even with the ATM execution and a 20% dilution, the ATM will barely provide for another quarter;
    2) Management, both old and new, have not come close to the expectations that they set for sales. Citing Y/Y revenue growth is just silly for a tiny company.
    3) As cited in the risks, the company clearly does not know how to sell to their market. This is not a risk -- but a fact.
    4) There is no mention of competition -- seriously?
    5) This was a $5 stock a year ago -- now if all the good magic takes place -- we'll get back to $2.50 in a year? Wow!!!
    6) Stockholders equity loss is approaching a cool 1/2 Billion.. and last but not least;
    7) With no major backing and thin financing, I guess that hospitals are reluctant to sign up for a long term relationship. Who is going to provide support and supplies if the outfit goes out of business?

    NanoSphere is a company that I used to be excited about. They have been providing product and assays to the market for more than 2 years and still have a pipeline of tests in development or approval stage. But looking at it now, one needs to take off the rose-colored glasses and deal with reality. I don't like to be negative -- but I just don't agree with the overly-optimistic thesis glibly covered by a listing of risks. The risks appear to be all too real IMHO. Nevertheless, a well written presentation.

    All the very best,
    Don
    Aug 18 10:56 AM | 6 Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    Dan -- thanks so much for clarifying the transaction. I hold a couple of mezzanine BDCs (PSEC & FSC) and your conclusion about Wyllie's exit from Lonestar is entirely in keeping with BDC behavior as I understand it. Too many people confuse BDCs with hedge funds and probably jumped to conclusions with $LNREF. I also hold a number of junior E&Ps and Lonestar seems to be very sound and as of yet, very undiscovered in the USA. Sadly, the Australian home will contribute to the low following in the name, but the growth trajectory will eventually demand its place in the sun out of the shadows of Australia. Not dissing Australia -- but its far removed from the oil catters in Texas!

    All the very best,
    Don
    Aug 17 08:32 PM | 1 Like Like |Link to Comment
  • Nanosphere: An Unappreciated Growth Story [View article]
    This piece resembles a shareholder presentation deck from 1 to 2 years ago... I have held $NSPH for a couple of years and it has been an extremely experience -- the worst performer in my portfolio.

    IMO there are several reasons why this stock is 'undervalued', unloved, or possible just where it deserves to be:
    1) Management, current and former, have failed to meet stated expectations. Adoption of the Verigene system has faced significantly greater challenges than they led investors to believe. I originally purchased shares thinking this was a no-brainer 'razor and razorblade' strategy. Hospital labs would fall over themselves to get the gizmos, and we'd have a huge organic growth picture from the supplies.. Uh, not so much.
    2) It was/is clear that management grossly underestimated the pace of adoption within the hospitals. Obviously, they were selling into a market that they did not understand.
    3) Competition is all over this space. Their molecular diagnostic capability was way ahead of the curve a few years ago. Now, as the author points out, other technologies threaten the larger labs, and not said by the author was the mention of Biofire -- which has been eating NSPH's lunch in the smaller labs. Nanosphere's technology appears dated and the company has been trying to accelerate development of its next generation product.
    4) MOST IMPORTANTLY, because of points # 1 - 3, customers, IMHO, are reluctant to establish a long term, strategic relationship with a tiny outfit that has no major backers and is nearing a time that it may have a 'going concern' problem.

    So, glad that the authors don't have an interest in $NSPH, but sadly, there is a lot more negative than positive once you look behind the covers. The last CC was depressing -- even NanoSphere management could find little to rally their cause and there lack of excitement was undeniable. Why am I holding? I got blindsided by the last CC just like most other longs. Building up a mighty fine tax loss now -- huh?

    All the very best,
    Don
    Aug 15 04:22 PM | 1 Like Like |Link to Comment
  • American Apparel delays 10-Q filing but provides preliminary results [View news story]
    Results not as bad as expected! It will take at least a couple of quarters to fix this mess, but several metrics are moving in the right direction. Once top line growth resumes, the company could fairly easily turn profitable. But, will need capital to deal with debt and any growth initiatives...

    ATVB,
    Don
    Aug 12 07:12 PM | 1 Like Like |Link to Comment
  • Demand For Sand Offers 25%+ Total Return Potential [View article]
    Brucejfern...

    Always enjoy your comments - and appreciate your concerns. However, I"m not sure that HCLP is really as 'cyclical' as you might think. An astounding 75% of production is held in long term contracts -- 5 yr average -- with 'take or pay' provisions. If the contract holder doesn't need the sand -- uh, they still get to pay for it! What's not to like about that? Also, the author could have spent some time discussing the logistical assets that HCLP has. This helps a ton (pun intended) in managing reliable, on time delivery to customers.


    All the very best,
    Don
    Aug 11 11:09 AM | 5 Likes Like |Link to Comment
  • iREIT TV: Exclusive Interview With CEO Of Healthcare Trust Of America [View article]
    Nice job Brad! You bring a lot of class to SA and the REIT space.

    All the very best,
    Don
    Aug 5 10:40 AM | 1 Like Like |Link to Comment
  • Rising Interest Rates And BDCs: Part 1 [View article]
    A few years ago, one could have somewhat reasonable discussions on YM MBs. Unfortunately, that is not the case any longer. 99% trash by folks that obviously have too much time on their hands and probably have significant psychological and/or social issues... IMHO, Marissa has been playing 'head in the sand' on that area of the site. They absolutely needed to get control of behavior over there and unfortunately have failed miserably. Too bad, still a good source of info with their Key Metrics. Personally, I stick primarily with SA and M*.

    All the very best,
    Don
    Aug 5 10:16 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
384 Comments
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