tag:blogger.com,1999:blog-7126131564610858851.post2993868658114857870..comments2023-09-09T10:21:32.853-04:00Comments on The Hackensack: New Position: Destiny Media Technologies, Inc. (DSNY.OB)DaveinHackensackhttp://www.blogger.com/profile/01313169814904229272noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7126131564610858851.post-38195150437319239372008-07-14T16:55:00.000-04:002008-07-14T16:55:00.000-04:00Albert,The Q3 announcement caught me by surprise t...Albert,<BR/><BR/>The Q3 announcement caught me by surprise too. See my later posts on this.<BR/><BR/>Thanks for your comment.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-4404950742747074062008-07-14T12:58:00.000-04:002008-07-14T12:58:00.000-04:00I started looking into DSNY this past weekend, and...I started looking into DSNY this past weekend, and decided I would buy some as well this morning. Because of a technical glitch, I wasn't able to buy it, and it turns out I was surprised by the fact that DSNY announced Q3 results this morning. I see that their operational income (or rather, loss) is improving, but that their revenues have been flat for 3 straight quarters I think. I also don't understand why their Clipstream revenue keeps declining. <BR/><BR/>The company says it expects a spike in both MPE and Clipstream revenue by Q1 (Sep-Nov) so it may just be a little bit of a delay until we see better results. Edelheit had expected to see improved revenues for this quarter, but that hasn't happened yet. <BR/><BR/>The stock may yet drop a little more today and tomorrow because of the flat revenues. I wouldn't mind too much, because I'll likely make an investment anyway, because I like Edelheit's write up from VIC.Homer315https://www.blogger.com/profile/08861912576884021842noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-52342184804857660112008-07-12T13:45:00.000-04:002008-07-12T13:45:00.000-04:00Thanks, Marsh. You're right that there are values ...Thanks, Marsh. <BR/><BR/>You're right that there are values among stocks with current earnings. I own CAST, but since it's Chinese, it's something of a black box to me. A friend has raised a couple of red flags about Chinese stocks to me. Same goes for QXM and CHCG, of course. Also, the fellow who wrote-up DSNY wrote an interesting post on his blog about investing in China; I'll post a link to it here later today. KSW is definitely cheap now, and I'm happy holding on it, but I'm not sure how much upside is there over the next year or two.<BR/><BR/>If you want current earnings, you ought to take another look at that Australian company I've written about here, Alloy Steel. Here's the thing though: Had I been aware of this company 6 months ago and been convinced of its value proposition before it had earnings, I could have bought it for under a dollar. Still plenty of upside potential from here though, IMO. <BR/><BR/>Also, regarding margin: I don't like to use it a lot, but this was my rationale. First, I didn't want to sell my MFI stocks early in the midst of the general market sell off, and I think one or two may actually go up after their next earnings releases. Second, I didn't want to wait until after the next earnings release to buy DSNY. So I borrowed the money knowing that I should be able to pay it back in about a month.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-22435549425434937192008-07-12T04:39:00.000-04:002008-07-12T04:39:00.000-04:00Good stuff Dave. There is no doubt that if you are...Good stuff Dave. There is no doubt that if you are skilled enough to forecast forward earnings, then value investing becomes much more effective. I personally think there are SO many value stocks out there right now where you can find a quality small cap company with actual earnings that you don't need to take a flier on a DSNY. You have mentioned a few, such as CAST and KSW. QXM and CHCG are other examples. <BR/><BR/>Good luck with using margin, I would be able to stomach that in today's market, which is totally irrational.Marsh_Gerdahttps://www.blogger.com/profile/01375422931807610092noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-23440669050249565642008-07-12T03:28:00.000-04:002008-07-12T03:28:00.000-04:00Ah, I missed it. Haven't been able to sign onto an...Ah, I missed it. Haven't been able to sign onto any blogspot page for a while.<BR/><BR/>Yes, I read the write-up. And I've contemplated buying Destiny at 40 cents even without knowing much more about the company than what's written there. <BR/><BR/>Seems like an easy 50% before even getting to the level that Edelheit wrote it up. But I haven't figured out how secure the 10 million in expected earnings is. <BR/><BR/>By the way, Rav, nice to see you 'round these parts. Aren't you going to join the fun soon and start up a blog?Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-33849251091745568092008-07-11T23:49:00.000-04:002008-07-11T23:49:00.000-04:00Thanks, guys. I'm surprised it even showed up in y...Thanks, guys. I'm surprised it even showed up in your Google Alerts, since I forgot to tag this one (I'll put some tags on it now). <BR/><BR/>Incidentally, Daniel: I just remembered that I asked you about DSNY in <A HREF="https://www.blogger.com/comment.g?blogID=7126131564610858851&postID=7797611249731509867" REL="nofollow">this thread</A>, but I'm sure you missed it. No worries.<BR/><BR/>Related to this buy, John Krantz and I had a conversation via PM on GuruFocus where we talked about risk versus reward -- that given the risk of most stocks, you might as well invest in some where the potential upside compensates you for taking on risk.<BR/><BR/>Also, if you guys didn't catch it (and you're interested), I spoke with the CEO of USEG today. I'll probably post my notes on that tomorrow.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-1592771869428166962008-07-11T23:16:00.000-04:002008-07-11T23:16:00.000-04:00Incidentally, Dave's post showed up in google aler...Incidentally, Dave's post showed up in google alerts for "Sabre Value Management" in my inbox :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-29358847949178462762008-07-11T23:14:00.000-04:002008-07-11T23:14:00.000-04:00Good luck on Destiny, I also have been watching it...Good luck on Destiny, I also have been watching it. Very interesting!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-38942680005330378992008-07-11T21:53:00.000-04:002008-07-11T21:53:00.000-04:00Found this post in my mail this morning as your me...Found this post in my mail this morning as your mention of Hemisphere showed up in one of my Google Alerts.<BR/><BR/>Been watching Destiny for a while and been thinking of buying it too. Good luck with it!Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.com