MYDemaray Posted May 17, 2014 Share Posted May 17, 2014 I think the stock is down, not based on competition but because orders have been very spotty lately and each quarter the large order promised has yet to materialize...nature of the business. Link to comment Share on other sites More sharing options...
LC Posted May 17, 2014 Author Share Posted May 17, 2014 Yes but if that is the case I believe the market is being overly pessimistic. As you say it is the nature of the business, if the investor is not prepared to deal with that then this is not the business for them. Link to comment Share on other sites More sharing options...
MYDemaray Posted May 19, 2014 Share Posted May 19, 2014 I wonder if there is some concern too about a cut/suspension of the dividend. Last quarter they generated ~$1.2M in cash, but paid out $4.0 in dividends. They only have $6.0M in cash on the balance sheet. If that large order doesn't come through, I'd expect a cut/suspension in the dividend...either that or they'll deplete the balance sheet. Wonder if holders are trying to out-run the announcement. Link to comment Share on other sites More sharing options...
MYDemaray Posted May 19, 2014 Share Posted May 19, 2014 I can't believe they just issued a press release announcing they bought back 35,000 shares.... Link to comment Share on other sites More sharing options...
LC Posted May 19, 2014 Author Share Posted May 19, 2014 Yes very eyebrow raising. I took a bite. A potential dividend cut doesn't concern me, perhaps they may have to cut the divvy as you suggest and some of their institutional holders want out. Bares Capital's stake has been growing as of their latest filings in February, they now own >15%. Link to comment Share on other sites More sharing options...
xtreeq Posted June 14, 2014 Share Posted June 14, 2014 Bares Capital cut their stake from 4,478,029 to 2,963,494 shares. http://www.sec.gov/Archives/edgar/data/863894/000134080714000021/fhco13ga-4.txt Link to comment Share on other sites More sharing options...
MYDemaray Posted July 14, 2014 Share Posted July 14, 2014 And...what should have been obvious last quarter -- dividend eliminated. I love how they announce it under the guise of "new strategic plan". Truth is, they didn't have the cash to pay it. I'm sure they'll take a new strategic direction, but who knows what shape that will take. Risk of this business just went up. http://finance.yahoo.com/news/female-health-company-announces-major-123000626.html Link to comment Share on other sites More sharing options...
stahleyp Posted July 16, 2014 Share Posted July 16, 2014 What's this Nine Ten Partners related to Bares? http://www.sec.gov/Archives/edgar/data/863894/000134080714000026/fhco13ga-5.txt 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **The shares previously reported by Bares Capital Management have been transferred to Nine Ten Partners LP, a related entity. Link to comment Share on other sites More sharing options...
MYDemaray Posted July 16, 2014 Share Posted July 16, 2014 A friend pointed that out to me two days ago...just shuffling between entities. Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted March 27, 2015 Share Posted March 27, 2015 see the bottom left part of this image. http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/fhco-female-health-company/?action=dlattach;attach=4210 Link to comment Share on other sites More sharing options...
MYDemaray Posted March 30, 2015 Share Posted March 30, 2015 Lovely. Thanks for posting. Link to comment Share on other sites More sharing options...
Morgan Posted October 17, 2018 Share Posted October 17, 2018 Still touted as an Investor Awareness success story... Link to comment Share on other sites More sharing options...
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