Seeking Alpha

rubicon59

rubicon59
Send Message
View as an RSS Feed
View rubicon59's Comments BY TICKER:
Latest  |  Highest rated
  • Willdan Group Gives A Shout Out To Seeking Alpha - Consider This Misunderstood Stock Now [View article]
    Something doesn't quite make sense about those 4.3x trailing earnings multiple they mentioned.

    Given that they paid 21m for 20m in revenue, it would imply those companies are earning $4.5m on 20m revenues, or 23% margins!?

    Not only is this outside the norm in the industry, but such they sold such incredibly profitable business at 4.3x earnings?
    Mar 7, 2015. 04:44 PM | Likes Like |Link to Comment
  • Willdan Group Gives A Shout Out To Seeking Alpha - Consider This Misunderstood Stock Now [View article]
    Thanks for the informative article.

    How is it possible for them to acquire profitable and growing companies at <5x trailing earnings?

    It doesn't make sense that the target would sell so low.

    Thoughts?
    Mar 5, 2015. 10:34 PM | Likes Like |Link to Comment
  • National Research Corporation: Confirming A Major Valuation Discrepancy [View article]
    Also telling is the fact that the overall NRCI company valuation is same as just before the recap a year and a half ago, even as earnings have improve by about 20%.
    Mar 3, 2015. 05:51 PM | Likes Like |Link to Comment
  • National Research Corporation: Confirming A Major Valuation Discrepancy [View article]
    The, A, trading at a PE of 33 makes no sense unless the holders believe (which they apparently do through their "holding" actions) that the company will get acquired;

    Yet, there has been no history or evidence to support this belief.
    Mar 3, 2015. 04:36 PM | Likes Like |Link to Comment
  • National Research Corporation: Confirming A Major Valuation Discrepancy [View article]
    Interesting that the lowest they ever traded in the past 15 years was 15x earnings, including the great recession which, interestingly, didn't much affect their business.

    Reinforces (IMHO) the bargain nature of the B at the current prices.
    Mar 3, 2015. 04:33 PM | Likes Like |Link to Comment
  • National Research Corporation: Confirming A Major Valuation Discrepancy [View article]
    The whole recap was just bizarre.

    It has accomplished nothing worthwhile seemingly for any stakeholder and instead muddied the waters.

    If, as the CEO stated, the reason was to create liquidity it has done nothing to improve it and it is not clear how it would improve it unless the CEO sold the majority of his shares, which he has shown no indication of doing.

    Having said that, the entire company is trading at a PE of 24 while the B's are at a PE of 13.

    As long as the dividend continue @ half reported earning as they appear to be, the B looks like a bargain.

    But if the company is sold (could happen if the CEO passes away?), the B-only holders will get royally screwed, which reinforces the bizarre nature of this recap; totally out of character for the up-to-then rational-acting CEO.

    P.S. The only way it could possibly make sense in the future is if they use the A as an acquisition currency, assuming any target would even be willing to accept the overpriced A shares.
    Mar 3, 2015. 04:19 PM | Likes Like |Link to Comment
  • Can Rocket Fuel Recover Its Lost Mojo? [View article]
    If you are just burning cash with no end in sight, are you running a viable business?
    Feb 11, 2015. 01:19 PM | Likes Like |Link to Comment
  • Reiterating My Rubicon Project Long Recommendation At A Key Technical Test [View article]
    What makes them best-of-breed? There is Google, RocketFuel and Criteo, not to mention specialized Video ad companies now owned by AOL and Yahoo?
    Feb 9, 2015. 06:52 PM | Likes Like |Link to Comment
  • Rubicon: A Programmatic Pure Play [View article]
    Hi Greg -

    Thank you for a very informative article.

    Aren't AOL, Rocket Fuel and Criteo also Rubicon competitors?
    Feb 5, 2015. 12:44 AM | Likes Like |Link to Comment
  • 3 Mispriced Micro Caps [View article]
    Why is Imperial Holding seems to be burning so much cash year after year, with seemingly no end in sight?

    Borrowed $210m in 2009 - where did it go?
    Just now, borrowed another $160m. Why?
    Dec 16, 2014. 02:30 PM | Likes Like |Link to Comment
  • More Great News For Pacific Health Care Organization [View article]
    If take out their Q3 UR overflow business which may or may not endure , and the MBR business they expect to lose, the Q3 YOY growth seems nill?

    Does anyone see that?
    Dec 2, 2014. 09:24 PM | Likes Like |Link to Comment
  • More Great News For Pacific Health Care Organization [View article]
    I see. Thanks!
    Dec 2, 2014. 03:09 AM | 1 Like Like |Link to Comment
  • More Great News For Pacific Health Care Organization [View article]
    What makes you say they are "Nowhere close". Have any kind of estimates?
    Dec 1, 2014. 10:18 PM | Likes Like |Link to Comment
  • More Great News For Pacific Health Care Organization [View article]
    Hard to tell how many years of growth they have left.

    Any idea how close they are to saturating the Ca market?
    Dec 1, 2014. 04:28 PM | Likes Like |Link to Comment
  • Strong Catalysts And Sum Of The Parts Shows Potential For BBX Capital [View article]
    Levan's unloading is steady-as-she-goes.
    Oct 28, 2014. 12:57 PM | Likes Like |Link to Comment
COMMENTS STATS
1,427 Comments
1,796 Likes