If The Option Addict tried to pick a bad stock, he couldn’t. You good folks should go mosey on down to his bloggeries, for it is on fire.
As for me, I realize I’ve been checking in late into blogging work as of late. Please do not fire me, sir, my poor dog lost three of his legs and I had to sow sew them back on.
I’ve come here today to discuss one singular topic. I am not going to discuss the merits of TSL, RBCN or even RUBI.
I’VE COME TO DISCUSS THE MERITS OF IFON.
Granted, it is a micro-cap stocks, stuck in the sewers of man. But it is a real company. As a point in fact, it is a verykool company.
Here’s the latest snippet from last quarter’s earnings:
“We are pleased to report a third consecutive quarter of profitability,” said Joseph Ram, president and CEO of InfoSonics. “Sales in the first quarter grew 49% over the same quarter last year, gross profit grew 50% and operating expenses declined by 6%. Unit shipments during the quarter rose 51% compared to the prior year. Most importantly, we reported a large swing in profitability by turning a $709,000 loss in the first quarter of 2013 into a $55,000 profit in the first quarter of 2014. Also significant, in late March we secured a $2 million bank line of credit that will provide future liquidity, together with the arrangement of $4 million of credit insurance that will enable our manufacturing vendors to extend credit to us that was not previously available.
Trading less than 1x sales, growing revenues in excess of 50% per annum and profitable, I’d say IFON is one hell of a cheap micro-cap. But what do they do? That’s the best part of the story.
Based in the decadent confines of San Diego, USA, Infosonics travels deep into the jungles of the Amazon to sell them “Ifons”. As a point in fact, they sell them “VERYKOOL” ifons. Persons of South American origin: I demand that you acquire these ifons, not just so that I might benefit from an explosion in share price, but for society as a whole. You do not need rotary phones any longer and public pay phones are demeaning. Get yourself a Verykool phone and everyone will think you are, umm, very cool.
NOTE: At the time of this post, Le Fly owned close to a million shares (extra Dr. Evil)
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With 14.8 million shares outstanding, are you going to file a 13D on your ~7% of the total shares?
I don’t need to. They are not in block form.
I hope you sewed the legs on instead of sowing them as you said.
Yeah, whatever. He’s doing fine now.
I love the FLY. Only because of his unwavering confidence did I hold this name. Hopefully it continues upward trend this time around. Thanks
( Your humble public servant Firemedic)
I was about to inquire about your 13-D as well. What does “block form” mean? I know what a block trade is, but since that’s not relevant here, I still don’t understand.
I believe it means he manages separate accounts (as opposed to a commingled fund). The reporting requirements are different.
Fly, so I go to check out the stock internals, etc. and lo and behold I believe I found your name.
I hope you don’t mind Morgan but your name has a nice ring to it- Morgan Stanley.
Wow. Awesome. Are the million shares for you personally or your client book of business?
What’s your basis, if you don’t mind. I know you averaged quite a few times.
congrats on being the stock’s 2nd biggest holder, owning 3X the 3rd place holder
GPRO is the hero today.
Just changed my income to block form. No longer have to report to IRS.
This reminds me of FTK. $10 here we come…
you own close to a millyun? OK then, put me down for 5 shares, well 4 shares, I need to buy a can of wine on the way home.
ALJ? Twiced revenge now?
A can of wine? Lol
Abacus swatters: he allocated the position over separate managed accounts, hence no need to file. Don’t play SEC investigator when you’re missing the point of the blog.
Fly, check out Google Trends for “ifon” and “verykool.” I’ve been watching it over the weeks. Correlates high to very different areas over time- Central America, Eastern Europe, South America, etc. Goes with what they say in their quarterlies, but it’s interesting to see shifts.
You are right and all major traders and investors know this one little secret to avoiding have to report. You think icahn and ackman made it this far without knowing these tricks of the trade?
THIS is why we subscribe to IBC! IF you dont like it, gitttt out!!
TSL……has few merits to discuss.
I have boots on the ground intel in south america right now and none of them have found a single “verykool” in any store they’ve visited. (Brazil, Columbia, and Guatamala.)
I thought World Cup would be a perfect time for the company to get some lift, so i’m in for a couple thousand shares.
would these boots belong to former ny tri-state-area au pairs who returned home? I miss them dearly.
one of the pairs could be. and unless you’re my sister-in-law, then no.
told him next time w/ VRX use 2 accounts. besides that, I am a fan of Fly’s epically valiant prose, and the google trends idea is smart.
Was wondering if we had any CFA charter holders around here? Anybody give a shit about this silly program anymore?
Cfa teaches waste of time investment tactics
Did level I like 4 years ago.. Level II seemed tedious, got bored and quit. Real winners quit.
I took it to learn since I came into this career sideways w/ no financial education. I read the free long books, especially the lil side blurbs, instead of test passing books b/c for me the point was to learn not necessarily to pass. I still remember some tidbits, and in a small way they can sometimes inform new situations that arise. I find the basic knowledge most useful for my bond/rates trading. After level I, which was more new to me than to most others b/c I didn’t study finance/econ, the later tests seemed more redundant. If you don’t care about having the accolade, you’re probably better off reading academic financial journals.
that lovely woman is so happy because her fone is so kool
I have picked up a large block of $IFON for myself, however a large block for me is a mere speck for Le Fly. I can’t resist riding these theme filled thrill rides with Le Fly when he gets this way about a stock. $WNR and $BALT come to mind. Both worked out magnificently in the end.
I am listening to the dr.’s Advice on ifon and holding my block (which I always thought meant 10k shares)