Author Topic: CLWY - Calloway's Nursery  (Read 32755 times)

mbrock77

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Re: CLWY - Calloway's Nursery
« Reply #40 on: November 21, 2017, 06:36:09 AM »
Although I don't see any official announcement, it looks like they will be paying a special div of $0.50 (ex div Dec 14).

https://www.otcmarkets.com/stock/CLWY/profile



sbalsam

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Re: CLWY - Calloway's Nursery
« Reply #41 on: December 14, 2017, 09:08:30 AM »
I tried reaching out to the Company a couple of weeks ago to confirm the dividend (by email and phone-voicemail) but did not receive a reply. Nonetheless, based on the adjustment to the closing price from $7.90 to $7.40, it does appear that the company went ex-dividend today as the OTC markets profile page had listed.

Separately, for purposes of valuation, keep in mind that the republican tax plan will have an extremely beneficial impact on Calloway.

Calloway pays a very low state tax under Texas's franchise tax (my estimate is an effective rate of about 2.5% of earnings before tax) so almost its entire tax burden is federal which would be significantly reduced. Changing Calloway's tax rate from the 38% it showed on its 2016 income statement to 23% (20% federal + another 3% to cover state tax) would have increased its net income by 25%.

Steve   

sbalsam

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Re: CLWY - Calloway's Nursery
« Reply #42 on: January 18, 2018, 11:50:22 AM »
While I don't want to interrupt the crickets, thought I'd mention that the $.50 special dividend was paid and received in my account as per the announcement on OTC Markets. Thanks mbrock77 for pointing this out as I would never have noticed the announcement and I gained comfort with the valuation and bought shares because of it.
Steve

mbrock77

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mbrock77

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Re: CLWY - Calloway's Nursery
« Reply #44 on: May 17, 2018, 06:57:15 AM »

DTEJD1997

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Re: CLWY - Calloway's Nursery
« Reply #45 on: May 17, 2018, 08:10:28 AM »
Q1 2018 is out, for those interested:

https://backend.otcmarkets.com/otcapi/company/financial-report/193634/content

Thank you for posting that.  CLWY has been up the past couple of days and I was wondering if there was something behind it.

Looks like CLWY might hit a new high.  Very impressive considering they paid out a $.50/share dividend in December.

mbrock77

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Re: CLWY - Calloway's Nursery
« Reply #46 on: August 15, 2018, 01:26:00 PM »

DTEJD1997

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Re: CLWY - Calloway's Nursery
« Reply #47 on: August 15, 2018, 03:57:17 PM »
Q2 below. Really solid quarter:

https://backend.otcmarkets.com/otcapi/company/financial-report/200028/content

Wow, that is truly impressive....however it looks like the reduction in the corporate tax rate is responsible for a good percentage of the YoY gain in income.

Will be interesting to see if the stock spikes on opening tomorrow.

porcupine

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Re: CLWY - Calloway's Nursery
« Reply #48 on: August 15, 2018, 04:03:15 PM »
Q2 below. Really solid quarter:

https://backend.otcmarkets.com/otcapi/company/financial-report/200028/content

Wow, that is truly impressive....however it looks like the reduction in the corporate tax rate is responsible for a good percentage of the YoY gain in income.

Will be interesting to see if the stock spikes on opening tomorrow.

True. Net margin is about the same if you apply the same tax rate to operating profit. Did a write-up on this company recently. Let me know what you guys thinks. It's quite long, though.

https://lowtideinvestments.com/2018/08/10/calloways-nursery-inc/

FYI... I don't receive any compensation from this at all... more of just a site to put my ideas on writing... obviously gave a shoutout to COBF for this one!
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bci23

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Re: CLWY - Calloway's Nursery
« Reply #49 on: August 16, 2018, 11:53:04 AM »
Q2 below. Really solid quarter:

https://backend.otcmarkets.com/otcapi/company/financial-report/200028/content

Wow, that is truly impressive....however it looks like the reduction in the corporate tax rate is responsible for a good percentage of the YoY gain in income.

Will be interesting to see if the stock spikes on opening tomorrow.

True. Net margin is about the same if you apply the same tax rate to operating profit. Did a write-up on this company recently. Let me know what you guys thinks. It's quite long, though.

https://lowtideinvestments.com/2018/08/10/calloways-nursery-inc/

FYI... I don't receive any compensation from this at all... more of just a site to put my ideas on writing... obviously gave a shoutout to COBF for this one!

Couple comments on your post. 1. My understanding is that Peter Kamin and 3k partnership are psuedo-permanent capital so to assume he will be on some sort of timeline like 3-5 years to sell is probably not the best way to look at this situation. He might sell but i think it will be more because he thinks hes getting a great price rather than needing the liquidity. 2. I think special dividends like the one last year that you call out or a large tender offer are both likely to occur in the future as he has used that playbook in the past.