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Ballantyne Strong, Inc Message Board

  • blueskydriving blueskydriving Feb 12, 2014 8:50 AM Flag

    November 11th ... that is the date to consider

     

    Each and every time that I get frustrated and bored with BTN, I must remind myself to consider November 11th ... that is the date of the last Conference Call ... November 11th is 42 days into the Fourth Quarter of FY13 ... let's say roughly halfway through the quarter ... that is the day on which the CFO said, " we kind of reached parity" with the legacy part of the business ... one would think that the CFO would have a decent grasp on the legacy contracts when we are halfway through the quarter

    November 11th is 40 days after the Convergent acquisition closed (3 Oct) ... on that day, it was said that Convergent had annual revenue of $40 million ... but, as I mentioned before, that "annual revenue" number was from March 2012 to March 2013 ... Convergent launched a major servicing contract with MGM in June 2013 ... so, it is very likely that the annual revenue number is larger than $40 million ... likewise the quarterly numbers will be larger than simple math would provide ($10 million) ... the Convergent acquisition began at the beginning of this quarter (3 Oct) ... so, their numbers will be included in this quarter's upcoming report

    Again, insider buying began shortly after the November 11th

    So, when I get frustrated with BTN (and I am right now) ... I consider the quarterly numbers:

    Legacy revenue: $18.9 million
    Digital Signage revenue: $10 million (likely more with MGM contract which launched in June)
    Total revenue: $28.9 million (likely more with MGM contract which launched in June)
    -------------------------
    With zero growth, annual revenue would be $115 million ... hopefully, there will not be zero growth:

    The combination of Ballantyne Strong and Convergent Media Systems will create one of the largest and best capitalized companies providing digital technologies for out-of-home messaging, advertising and communication (the Digital Out-of-Home or DOOH market) and Enterprise Video Solutions (EVS), which provides enterprises with the infrastructure necessary for communication, collaboration, training and education of employees. In aggregate, the domestic DOOH and EVS markets are estimated to be more than $4.0 billion annually.

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    • all that is a great reason for a stock that also has a 7 POSITIVE and 0 negative fundamental score to dump 4% in one day .. totally absurd but something apparently is not right .. it could be exactly what u describe - frustration by those that are tired of waiting for results which should have happened by now .. its like beating the dead horse that refuses to get up .

 
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