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Universal Security Instruments Inc. Message Board

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  • Reply to

    Seeking Alpha article

    by richardgreulich Oct 8, 2014 6:04 PM

    I cannot see your article without a Pro membership and I am not going to pay for it. I would like to hear your bullish thesis on this stock though. I have followed this company for many years, and remember when it was in the $20's.

    I guess I just don't completely see where their profitability is going to come from. They have no contract with retailers. If they get a contract with Lowes or Home Depot then yes this stock will fly. What are the odds of that happening in the next 2 years, 1 in 10? So they sell to contractors, except they are a generic brand against some hefty competition. Overall I see some issues with the smoke detector industry as a whole. If I redoo my living room and spend $50,000 on the nicest finishes why is the only smoke/carbon monoxide detector I can buy a round white disc that LOOKs almost identical to one that was produced in the 60's. We all hold mini supercomputers in the palm of my hand, but these companies can't make a smoke detector any smaller than cereal bowl, come on. I bought a Kiddie combo detector the other day, it said one screw install so I though it would be easy. Nope. I need a power drill and a screwdriver. I bought a 20LB medicine cabinet the other day and I didn't even need a screwdriver, they had these plastic clips that I could screw into the drywall with my hands. Couldn't a smoke detector be affixed with a strong adhesive, no need for screws?

    How about a flush mount detector that could be installed during construction, but does not stick out of the wall.

    I see how then industry has improved with the 10 year sealed ion batteries, you basically have a 10 year product cycle vs. 20+ year cycle for normal smoke detectors. I guess I just have no confidence that this company can pull a big enough piece of the pie to be relevant.

  • Reply to

    Another loss coming.

    by bumperbooks Nov 17, 2014 11:08 AM

    Please refer to my Seeking Alpha article on UUU. This quarterly loss was entirely expected and meaningless in terms of the outlook. Best regards.

  • This from the NT 10-Q issued Friday afternoon:

    "Although the Registrant is waiting for the financial statements of its Hong Kong Joint Venture before it is able to finalize the Registrant’s financial statements, the trend of the Registrant’s results of operations for the fiscal year ended March 31, 2014 has continued in lower sales and net losses for the fiscal quarter ended September 30, 2014. However, included in the results of operations of the Registrant’s prior year period (the fiscal quarter ended September 30, 2013), was the fully reserving of a $2,479,901 deferred tax asset. As a result, the Registrant anticipates that its loss from operations for the 2014 period will be significantly higher than its loss from operations for the corresponding 2013 period, but that its net loss for the 2014 period will be significantly less than its net loss for the corresponding 2013 period. The Registrant is unable to quantify the loss from operations and net loss for the three months ended September 30, 2014 without the information contained in the Hong Kong Joint Venture financial statements, and accordingly, at this time, is unable to provide a reasonable estimate of the anticipated changes in loss from operations and net loss compared to the prior period at this time."

  • Reply to

    Seeking Alpha article

    by richardgreulich Oct 8, 2014 6:04 PM

    it was good; thanks.

  • I posted a new Seeking Alpha article on UUU.

UUU
6.02+0.03(+0.50%)Dec 24 1:00 PMEST

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