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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="1995COBRA-R" data-source="post: 11772191" data-attributes="member: 9515"><p>You guys must be naive? I tried to short it, but no shares are available to short. Insiders' hold 40% of the float.</p><p></p><p>Did you read the SEC reports? They are not hedged to nat gas. Cap expenses are above cash flow.</p><p></p><p>They only have $68K in cash <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek! :eek:" loading="lazy" data-shortname=":eek:" /> with $11,000K in debt. They have VPP's. That's off balance sheet debt. It's triple the debt shown on the financial statements. There is a good reason that they trade as a penny stock. No financial guy or big company would buy it.</p><p></p><p>The financial statement shows contractual commitments with operators that can not be made. Asset write-downs are coming (or already priced in).</p><p></p><p>So, really, you are betting that a big player will buy this out? I disagree.</p><p></p><p>You really should not show yourself long a penny stock play on any forum. Don't do it. People can fight your position. It just makes it more obvious that it may go lower.</p><p></p><p>Stock Trading 101: "Bulls and Bears Make Money. Pigs Get Slaughtered."</p></blockquote><p></p>
[QUOTE="1995COBRA-R, post: 11772191, member: 9515"] You guys must be naive? I tried to short it, but no shares are available to short. Insiders' hold 40% of the float. Did you read the SEC reports? They are not hedged to nat gas. Cap expenses are above cash flow. They only have $68K in cash :eek: with $11,000K in debt. They have VPP's. That's off balance sheet debt. It's triple the debt shown on the financial statements. There is a good reason that they trade as a penny stock. No financial guy or big company would buy it. The financial statement shows contractual commitments with operators that can not be made. Asset write-downs are coming (or already priced in). So, really, you are betting that a big player will buy this out? I disagree. You really should not show yourself long a penny stock play on any forum. Don't do it. People can fight your position. It just makes it more obvious that it may go lower. Stock Trading 101: "Bulls and Bears Make Money. Pigs Get Slaughtered." [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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