Your 6.76 purchase is looking really good at this point. I bought more at 7.12. The low volume needs to improve to make this a real rally.
There is a lot in the news currently about US companies getting hit because of currency considerations and the strengthening dollar. SLP sales in Europe were just under 20% for FY 15 and there was a $64,000 expense due to currency changes. The net effect includes other regions... as Asia for example which had sales almost as much as Europe. So this stuff tends to net out and has the effect of being less meaningful rather than the negative comments presented by news providers which have a primary goal of increasing viewers and ratings. Some US companies have nearly 100% of their sales in Europe and they will certainly see a currency expense provided the rates continue the current trend. Currency changes are almost impossible to predict so I don't do any currency type trading but I'm betting that the net effect for SLP won't be significant.
I sold some back at $10+... forgot the exact price. Since then I have bought back part of that sale at $8.07 and have an additional order in at a lower price for some more. My next order may be too low but you never know. Obviously the last purchase was made too high so we just have to wait to see if the selling continues. My crystal ball has a big crack in it so I can't see where the bottom is in the stock price !
Preliminary revenues for the three months ended May 31, 2016, were $5.96 million, compared to $5.94 million for the same period in 2015. This represents an increase of 0.4%, or $22,000, which, although small, represents the highest quarter in the company’s history, following an exceptionally strong third quarter last year.
There are many reason to believe that sales will continue to increase. I have an order in at a lower price so that if this slow sell off continues I will be increasing my position. SLP continues to be my largest position by a wide margin.
I was fortunate enough ( lucky ) that I had an order in a while back that got filled at 8.07... That was a significant purchase that replaced most of the shares that I sold at 10+. So my account is doing well recently and I expect to be adding more SLP depending on what the market is doing. I'm not a good trader so being able to sell some near the recent high and buy back at the recent low is a big plus.
Another way to ask this question is why has Taglich been following SLP for so many years? Analyst coverage is nearly nonexistent for small companies... especially when the market cap is under $100 million. SLP had Taglich coverage long before it hit $100 million. So I see it as a positive exception to get this coverage. We haven't been over $100 million for very long so as SLP continues to grow I think that others will recognize the quality and we will see more analysts.
Simulations Plus Signs 5-year Consulting Agreement with Major Research Foundation
Project provides ~$4.7 million over 5 years to implement a platform for global teams engaged in model-based drug development.
And this is in addition to all the other things going on !
The 10-Q will be released by next week...
"We expect to file our 10-Q with the U.S. Securities and Exchange Commission on or before the April 13, 2016 deadline.
Maybe that's why they are so good at what they do... The employees come for the work challenges and satisfaction of accomplishment rather than all the other stuff that Lancaster doesn't have :-)
With a population of around 160,000 it's gotta be better than any large city. I would take it over LA, Atlanta, NY etc anytime.
I'm sure that someone will be willing to buy your shares. I picked up a big truckload last week. I could be wrong in the near term but history has proven that the longer term outlook has provided exceptional rewards.
There is a good summary for SLP at the Taglich Brothers web site.
When do you expect to make your article available ? Thanks.
Moments ago S&P continued its downgrade cycle, this time taking the axe to the regional banks with the highest energy exposure due to "expectations for higher loan losses." Specifically, its lowered its long-term issuer credit ratings on four U.S. regional banks by one notch: BOK Financial Corp., Comerica Inc., Cullen/Frost Bankers Inc., and Texas Capital Bancshares. The outlooks on these banks are negative
Walt hasn't sold any stock for about 5 years... Why shouldn't he sell some shares? I mean this guy has put his entire life into growing this company from a market cap of about $4 Million to well north of $150 Million. I consider myself very fortunate that I have been able to go along for the ride while he does all the work ! SLP has been my most profitable investment of all time. Thank you Walt !
As far as the timing of the transactions... The sale of 32,076 on 1-21-16 was associated with a stock price close of 43 cents below the previous day. The sale of 58,181 on 1-29-16 was associated with a stock price close that was 40 cents ABOVE the previous day close. In other words his stock transactions had practicably zero effect on the price of he stock. Anyone that thinks that the CEO is responsible for the wild stock swings needs instead to be asking the speculators that are causing it... Not the CEO that is doing all the work.
BTW... The insiders are prohibited by SEC regulations to "trade" their own stock... They can buy or sell within a 6 month period but not both... so don't be expecting to see him buying any shares in the near term
I actually sold a few shares last week... First time in almost 15 years ! I had an order to buy some today but it never hit. I waited too late in the day and it never came back down.
Hard to believe but they are paying us to hold this stock ! Where else are you going to find a company with growing sales, increasing earnings, very high margins, virtually no debt, easy to understand financials and paying a dividend ?
Go to the SEC web site and look at the 8K dated 2014-07-09 and check slide # 23 and #24 describing the opportunities for "AEROmodeler".