Since my GE and AOL are both in the red I thought i'd complete the trilogy with another stock you can lose money on, THV. According to their web site www.thermoviewinc.com .....ThermoView installs thermal replacement windows and doors and maintenance-free siding and trimwork. The company also offers home improvements such as kitchen and bath remodeling, custom-designed decks, glass and screen sunrooms and roofing.
ThermoView Industries Inc. is a publicly traded home improvement company headquartered in Louisville, Kentucky. Traded on the AMEX stock exchange under the ticker symbol THV, ThermoView is the fifth largest national home improvement company in the U.S., according to Qualified Remodeler Magazine. Annual revenues were approximately $90 million for the year ending 2001.
Had a limit order for $0.86 that hit this pm. Another LTBH (long term buy & hold) for me. What got me looking at this was their CEO bought $48,000 of stock about 6 weeks ago at about $1.20. http://finance.lycos.com/home/research/insider.asp?symbols=AMEX:THV
Below is an excerpt from a poster at the yahoo board regarding some potential negatives. I think he made some points worth considering...
<i>1. Debt- Their debt is quite high. No way to deny that. Even though cash flow is way up, a weaker economy could be a problem possibly. It is slowing expansion, and making the stock rather unattractive to institutions on first glance.
2. Debt due in 2004- Even though the cash flow is improving, that debt due in 2004 could be a problem if they can't redo the terms of the agreement or put it off again. I don't know if they can repay it in full at the present rates of cash flow.
3.Converts- Future converts will dilute the ownership and reduce per share earnings. They can also weigh the stock down as hundreds of thousands of shares are sold in the open market.
4. Possible charge related to the writedown of goodwill- This is a real questionable thing. It doesn't affect cash flow, but will make the 2002 earnings look sloppy. We don't know yet about that and they said they hired a firm to look into it.
5. Economy- Though it looks to finally be strengthening, it could reverse again.
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Now share specific (which is much less important)
1. Float- Something that averages 5k shares just scares the living piss out of most managers if they change their minds
2-Lack of any type of analyst following- We know analysts are more often wrong than right, but funds look at that type of stuff still.
3-Amex- I don't know why, but many funds avoid the ASE. They think of it as a slightly improved pink sheet forum.
4-Under $5- Most funds have prospectuses that ban them from owning stocks under $5 a share. It's pretty dumb, but that's the way it is. Once over though, we'll run.
5-Unheard of- We need some pr. No one knows this stock exists I think. Until that changes, it will never go up. </i>
Here's a nice summary of this company if anyone is interested. http://finance.lycos.com/home/news/story.asp?symbols=AMEX:THV&story=26955336
Like I said, I'm pretty sure I'll lose money on this one too so be careful with this, especially if this friggin' economy doesn't turn around soon. This is another small value play that I'll have to hold a while to make anything on but at least it's not a tech stock. Which reminds me, I will not buy any tech tomorrow no matter how low it goes. lol
ThermoView Industries Inc. is a publicly traded home improvement company headquartered in Louisville, Kentucky. Traded on the AMEX stock exchange under the ticker symbol THV, ThermoView is the fifth largest national home improvement company in the U.S., according to Qualified Remodeler Magazine. Annual revenues were approximately $90 million for the year ending 2001.
Had a limit order for $0.86 that hit this pm. Another LTBH (long term buy & hold) for me. What got me looking at this was their CEO bought $48,000 of stock about 6 weeks ago at about $1.20. http://finance.lycos.com/home/research/insider.asp?symbols=AMEX:THV
Below is an excerpt from a poster at the yahoo board regarding some potential negatives. I think he made some points worth considering...
<i>1. Debt- Their debt is quite high. No way to deny that. Even though cash flow is way up, a weaker economy could be a problem possibly. It is slowing expansion, and making the stock rather unattractive to institutions on first glance.
2. Debt due in 2004- Even though the cash flow is improving, that debt due in 2004 could be a problem if they can't redo the terms of the agreement or put it off again. I don't know if they can repay it in full at the present rates of cash flow.
3.Converts- Future converts will dilute the ownership and reduce per share earnings. They can also weigh the stock down as hundreds of thousands of shares are sold in the open market.
4. Possible charge related to the writedown of goodwill- This is a real questionable thing. It doesn't affect cash flow, but will make the 2002 earnings look sloppy. We don't know yet about that and they said they hired a firm to look into it.
5. Economy- Though it looks to finally be strengthening, it could reverse again.
---------------------------------------------
Now share specific (which is much less important)
1. Float- Something that averages 5k shares just scares the living piss out of most managers if they change their minds
2-Lack of any type of analyst following- We know analysts are more often wrong than right, but funds look at that type of stuff still.
3-Amex- I don't know why, but many funds avoid the ASE. They think of it as a slightly improved pink sheet forum.
4-Under $5- Most funds have prospectuses that ban them from owning stocks under $5 a share. It's pretty dumb, but that's the way it is. Once over though, we'll run.
5-Unheard of- We need some pr. No one knows this stock exists I think. Until that changes, it will never go up. </i>
Here's a nice summary of this company if anyone is interested. http://finance.lycos.com/home/news/story.asp?symbols=AMEX:THV&story=26955336
Like I said, I'm pretty sure I'll lose money on this one too so be careful with this, especially if this friggin' economy doesn't turn around soon. This is another small value play that I'll have to hold a while to make anything on but at least it's not a tech stock. Which reminds me, I will not buy any tech tomorrow no matter how low it goes. lol
