Forum Replies Created
George BarneyParticipantSeptember 29, 2023 at 4:56 pmPost count: 10
After today’s announcement (9/29/2023) regarding non-timely filing of 10-k, revenue decline of 31%, and net loss for year end 6/2023, I went back and re-read the recommendation for this stock as reported in the August 2021 newsletter. In my 19+ years as a subscriber, this stands out to me as one of the most glowing reports ever given to a company of the month. Obviously something has gone very wrong. What is it?George BarneyParticipantAugust 3, 2023 at 9:47 amPost count: 10
I received the details on the proposed ILLM issuer bid from my broker. It seems ILLM is conducting a Dutch auction for existing shareholders whereby they will purchase up to 15.8 million shares for a price between $2.53 and $2.65 in Canadian dollars. At the current exchange rate, that translates to $1.89 to $1.98 in U.S. dollars. This is less than the current market price so I don’t see any benefit to participating in the offer.George BarneyParticipantJuly 27, 2023 at 11:16 amPost count: 10George BarneyParticipantJune 13, 2022 at 6:29 pmPost count: 10
I am probably not a good comparison since I don’t buy every company of the month (especially on the day it is recommended) and I don’t always sell on Bowser’s sell recommendation. I have certain fundamental criteria that I require and, if a recommendation meets those criteria, I follow its chart to identify a good entry point. This is most often less than the price at which it was recommended. I sell when a stock doubles. My portfolio is only down 3% from its peak. This is thanks to a couple stocks that fell over 50% but I did not sell. One is MACE which I bought at .30 and again at .10 (the low so far). The other is Singing Machines which I bought at .50 in 2/18 and held at a loss because I continued to like the fundamentals and bought again recently after the 1:30 reverse split for $3.00. Average cost post split was $4.09 and got lucky and sold half for $8.18 last week. These have really bolstered my portfolio. I am holding a strong cash position right now and will buy current Bowser stocks I am following at the right price. Like I said probably not a good comparison since I don’t follow the Bowser plan rigidly, but thought it might be of interest.George BarneyParticipantAugust 25, 2021 at 8:55 pmPost count: 10George BarneyParticipantJanuary 20, 2020 at 4:29 pmPost count: 10George BarneyParticipantOctober 24, 2019 at 11:23 amPost count: 10
Thanks for your review Mr. Breman! I looked back through this year’s newsletters and fail to find any earnings reports although the company apparently reported for June 30. As you noted, sales down big time. Not sure why Bowser didn’t report this or why NVFY is still listed in category 1 with a rating of 10. I think I’ll wait for further developments before investing more.