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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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To: Good Fundamentals who wrote (272)	4/5/2012 11:00:40 AM
From: turnaround_seeker	3 Recommendations of 1876

GF...we all know that any projections Q by Q are just that, but I'm going with the companies annual projection for 2012 of .18. I think we all know that Q1's numbers will probably be about 50% of annual earnings because of Advents income for Q1 which will be greater than Streetlinks. Thus, I'm saying that Q1's income will be .09 (give a penny or take a penny.) So as far as the next 3 quarters are concerned, they should make about .03 a quarter for a total of .18 for the year. All this is assuming that Streetlinks will continue to grow income like they've proven they can do, Advent generates between 3M and 4M in Q1 and they break even for the rest of the year as I know they would like to do, Bond Cash is just 50% less than it was in 2011 (and it could be better than that), and Mango Moving in its first year of operation breaks even. Of course there are all sorts of variables as there always are, but I believe that management at Novastar is capable of managing to the numbers they projected. For example, if Q1 ends up being .06 instead of .09, I believe they will make .04 a quarter for the remaining 3 quarters. Regardless of the above, until such time the miscreant hedge funds are unable to manipulate share price to their advantage (whatever that is), its useless to assign a reasonable PE until such time we see 500K to a million shares being traded on a daily basis. Marc Cohodes and his hedge fund Rocker Partners were able to manipulate share price just like Jim Cramer admitted to doing with his hedge fund. Sooner or later this will change....hopefully some time in 2012. Rich aka Rooky

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