tag:blogger.com,1999:blog-2149523431587168680.post365427409831172860..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Anacomp at 1x earnings?Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-2149523431587168680.post-47641908798996943972014-10-29T14:39:25.011-04:002014-10-29T14:39:25.011-04:00I reached out to someone and they said the ticker ...I reached out to someone and they said the ticker had been withdrawn so they could change ticker symbols. It seems like the new symbol wasn't ever submitted, I really don't know what happened.<br /><br />I've attempted to contact the CEO in the past without success.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-70859485641159041782014-10-29T14:38:07.777-04:002014-10-29T14:38:07.777-04:00Nate, question for you. What ever happened to Anac...Nate, question for you. What ever happened to Anacomp? I no longer see it publicly traded. PSDFinancierhttps://www.blogger.com/profile/10733674898054168427noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-58791113560089111522013-09-10T22:08:04.982-04:002013-09-10T22:08:04.982-04:00There are a few issues I see. The 2003 10-K shows ...There are a few issues I see. The 2003 10-K shows retained earnings of $4,494,000. The 2012 report shows an accumulated deficit of $93,035,000.<br /><br />So over the 8 years before 2012, they lost on average $12,191,000 a year. <br /><br />The management issued their first report in years, conveniently after getting positive earnings. <br /><br />If there is a turnaround story here, then the rewards could be huge. But I'm not sure that it is definitely undervalued at 1x. Comprehensive income was $755,000, after subtracting for an addition to the minimum pension liability. On that basis, it is actually 7.74x earnings. Jacknoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-63893509488942911502013-06-10T20:50:54.401-04:002013-06-10T20:50:54.401-04:00They have posted 1st and second quarter earnings o...They have posted 1st and second quarter earnings on otcmarkets. <br /><br />Looks like 14.6 cents per share for the 6 months if I figure correctly.<br />There is no discussion as to whether timing differences in billing affects the revenues or not. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-30037105384234656652013-05-22T07:15:53.978-04:002013-05-22T07:15:53.978-04:00Looks like Lloyd Millers is/was involved with this...Looks like Lloyd Millers is/was involved with this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-25749800902778946012013-05-20T08:09:36.558-04:002013-05-20T08:09:36.558-04:00Nate, one question...do you have any of the financ...Nate, one question...do you have any of the financials from 2005-2011? I'm curious about what FCF trends looked like in those years PSDFinancierhttps://www.blogger.com/profile/10733674898054168427noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-9416626725339578662013-05-18T12:57:51.391-04:002013-05-18T12:57:51.391-04:00Really interesting. Reminds me of the deep value ...Really interesting. Reminds me of the deep value in RBRG (at least when it was selling for 2/share).<br /><br />There NOL allowance is 60,000,000. <br /><br />The warts do not (at first glance) seem to justify a pe of 2 (after the recent run-up).... worth a deep dive imo. Thanks Nate!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-24049319922690006072013-05-17T15:33:24.634-04:002013-05-17T15:33:24.634-04:00Hi Nate,
I'm looking through the clause about...Hi Nate,<br /><br />I'm looking through the clause about the contract w/ the government and getting a slightly different reading. Is this what you're referring to or was there another in there somewhere?<br /><br />"The subcontract with the customer is renewable annually through December 31, 2014. While there are no guarantees that the subcontract will be renewed, Management believes this situation is unlikely."<br /><br />Two questions:<br />1) "renewable annually" Does this mean they have to renew every year?<br />2) "Management believes this situation is unlikely" - this almost seems like they're saying they don't think it will be renewed?<br /><br />Thanks for the idea!Michaelhttps://www.blogger.com/profile/11799256537623443495noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-8944209404401377122013-05-16T12:08:30.747-04:002013-05-16T12:08:30.747-04:00up 30 cents today. Becoming a market mover Nate. N...up 30 cents today. Becoming a market mover Nate. Nice find though. ABVhttp://www.abitofvalue.comnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-82886076107445982342013-05-16T10:05:09.515-04:002013-05-16T10:05:09.515-04:00In the annual report they mention they have A and ...In the annual report they mention they have A and B shares, both have the exact same voting rights and liquidation preferences. They also have preferred shares authorized but none outstanding.<br /><br />I would say buy the cheaper class of stock, or the more liquid class.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-47221453489446552192013-05-16T10:04:00.223-04:002013-05-16T10:04:00.223-04:00Yes, looks like they up listed in the past two day...Yes, looks like they up listed in the past two days, perfect timing for my post!Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-72243572017806298382013-05-16T09:26:55.300-04:002013-05-16T09:26:55.300-04:00You can retrieve their filings from the OTC Market...You can retrieve their filings from the OTC Markets website.LChttps://www.blogger.com/profile/17400208926844406817noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-44075423289129020942013-05-16T09:16:45.669-04:002013-05-16T09:16:45.669-04:00Do you happen to know why there are 3 classes of s...Do you happen to know why there are 3 classes of stock trading OTC? Class A, B (which we know about) and another 3rd class....<br /><br />http://finance.yahoo.com/q;_ylt=As5z1J9jbHSQnniC7ewr0hTxVax_;_ylu=X3oDMTFiaHBkYjI1BHBvcwMxNARzZWMDeWZpU3ltYm9sTG9va3VwUmVzdWx0cwRzbGsDYW5jcGI-?s=ANCPB<br />http://finance.yahoo.com/q;_ylt=Ap92vwxxKa5o1I4jASmBuHDxVax_;_ylu=X3oDMTFiZnYzcjVpBHBvcwMxMwRzZWMDeWZpU3ltYm9sTG9va3VwUmVzdWx0cwRzbGsDYW5jcGE-?s=ANCPA<br /><br />And the third:<br />http://finance.yahoo.com/q?s=ANCPA.PK&ql=0Assafhttp://assafnathan.comnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-34488958813970051632013-05-16T09:08:34.912-04:002013-05-16T09:08:34.912-04:00for all those having problems locating it:
http://...for all those having problems locating it:<br />http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=104479Assafhttp://assafnathan.comnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-83965230763626780312013-05-16T07:32:37.062-04:002013-05-16T07:32:37.062-04:00I have a copy of their annual report for 2012. I have a copy of their annual report for 2012. Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-45157456997051244612013-05-16T02:23:21.004-04:002013-05-16T02:23:21.004-04:00Nate,
Pardon my ignorance, but how were you able ...Nate,<br /><br />Pardon my ignorance, but how were you able to accumulate so much insight about the company's financials? I haven't been able to track down a recent financial report from either the company's website or www.sec.gov. Thanks.Anonymousnoreply@blogger.com