1847 GOEDEKER INC GOED
December 06, 2021 - 9:18pm EST by
member
| 2021 | 2022 | ||||||
| Price: | 2.00 | EPS | 0 | 0 | |||
| Shares Out. (in M): | 106 | P/E | 0 | 0 | |||
| Market Cap (in $M): | 212 | P/FCF | 0 | 0 | |||
| Net Debt (in $M): | 28 | EBIT | 0 | 0 | |||
| TEV (in $M): | 240 | TEV/EBIT | 0 | 0 | |||
Description
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| 34 | |
I anticipate that the dividend will be increased by the third quarter of this year.
Ultimately, GMP should be paying out about 50% of earnings as dividends.
I would anticipate that GMP will initially use the proceeds... login to read the rest | |
| 33 | |
Happily I have followed this with a small purchase since your original recommendation. I am intigued with the possibility that co. is still likely to be acquired. Any thoughts when or who ? Further at... login to read the rest | |
| 32 | |
up to $.47 per share fully diluted for the quarter ending June 30th, 2001. Actually fully diluted earnings were $.50 before a one time charge.
This exceeds my earnings expectations by $.01 for the quarter.
Interest... login to read the rest | |
| 31 | |
reached on power outages. As per regulators, the settlement capital will be allowed to be included in the rate base, even though the actual cash will be applied against outstanding debts. The savings... login to read the rest | |
| 30 | |
even at 60%, I have far exceeded that number and am still gaining. 300%+ so far in 2001, without doing options. Quite profitable and I am having the time of my life. ... login to read the rest | |
| 29 | |
the pick was published at less than $8.50. The shares are presently trading at somewhere in the range of $14. According to my math, that represents a present return of more than 64%,... login to read the rest | |
| 28 | |
Glad I didn't invest in this one. Sure, it went up, but a wimpy 10% is just not good enought o get my interest. In the meantime, I am up over 300% for... login to read the rest | |
| 27 | |
now confirms my increased earnings estimates for 2001. The recent issue (March 9th, 2001) now suggests that GMP will earn $2.00 per share. Their increase now comes in line with my estimates previously... login to read the rest | |
| 26 | |
the decision to allow for full recovery of the power supply contract differential with Hydro Quebec (A Canadian supplier of electricity), adds roughly $.20 to my 2001 estimates. Based upon an earnings multiple of... login to read the rest | |
| 25 | |
Nothing firm as of yet, but rumours persist of a possible takeover at or around book value. The rumours have driven the stock sharply higher within the last week or so. I continue | |
| 24 | |
no sooner do I host up that somewhat self-serving note and - WHAP - here comes the hammer on several of those stocks. Ah, the market is a fickle thing, and one hint of | |
| 23 | |
Of my 6 ideas, 5 of them were simple thoughts in the retail, restaurant, and asset management area. Those are now up 27% to 95% respectively. The only cluncker is a tech stock,... login to read the rest | |
| 22 | |
in current electric markets, the value of these contracts would neither represent a liability or an asset. They are now in context with general electrical power contracts.
Hydro-Quebec typically sells their power using a "cost-Plus"... login to read the rest | |
| 21 | |
Randy, once again, very good work on another company!
In your opinion, are the Canadian power contracts an asset or a liability? I imagine the future power is priced to an equivalent 'barrel of oil'. What... login to read the rest | |
| 20 | |
But I read it a week late! DDDDOOOOOHHHHHH! My mistake. I'll keep an eye open for your next thought!
Met99 | |
| 19 | |
I knew I should have been checking in more frequently. Great work, Ran112.
Yours,
Chris | |
| 18 | |
just don't post any ideas where Perelman has an ownership stake! | |
| 17 | |
Randy,
I for one like the more complex ideas - the ones that wouldn't show up in an institutional screening program and where market inefficiency can be easily exploited. Whatever you do or give us... login to read the rest | |
| 16 | |
I intend to try to provide a cross section of ideas for all types. One important critique made a while back was that some of my ideas seemed a little off the wall. I... login to read the rest | |
| 15 | |
keep some powder dry! | |
| 14 | |
Seems to be getting to the point where every idea you post rings a 'ching' (money in the bank!) in the market. Heck of a positive thing to say about anyone...I sure hope you | |
| 13 | |
In my view, the chances of renegotiation with Hydro Qeubec are slim to none. They are well known as being the toughest of all utilities to deal with in regards to breaking contracts. They... login to read the rest | |
| 12 | |
Fleetbank announced a plan whereby they would convert the $15 million in GMP short term debt to long term financing. The financing arrangement was conditional upon certain debt coverage tests being met. These... login to read the rest | |
| 11 | |
Excellent idea Randy! Thanks.
On the 10-q, I see 6.7 current maturies and 9.6 drawn on a 15.0 facility which appears to mature in 9/01.
So I question your statement that they will be able... login to read the rest | |
| 10 | |
Fwiw, VL (pg 1769 & 171) predicted 1.70 - 1.75 was possible too 'assuming better regulatory treatment of power-supply costs...' That was in June.
I don't want to appear lazy, but VL mentions a few... login to read the rest | |
| 9 | |
I really have enjoyed the opportunity to bring some of my recommendations to this forum. I've also found some absolutely brilliant suggestions from many members. One thing that comes to the foreground... login to read the rest | |
| 8 | |
They are very unlikely to be in a position to negotiate lower power prices. The pendulum has now swung the other way. If GMP's contract was terminated, they would not be able to | |
| 7 | |
1. IBM is a large corporate customer. That said, the bulk of their profits occur from residential customers. The median annual bill for power from GMP is $3,200 per year. No one... login to read the rest | |
| 6 | |
My pithy concerns:
IBM is a big customer; as with all IBM facilities, I wonder how stable that facility is in terms of IBM's long-term plans. Living next door to one that was drastically scaled down... login to read the rest | |
| 5 | |
Based on projected earnings of $1.75 for fiscal 2001, $.56 represents a payout percentage of just 32%.
Keep in mind that utility investments are the investment products of choice for bear markets. If you are appropriately... login to read the rest | |