I've set up a free InvestorVillage account as well as the Twitter account. IV looks like a good place for us to relocate.
The share price might pull back by an amount equal to the divvy, but it might not. As you pointed out, $2.45 was an especially weak price, and the bulk of shares are in strong hands.
Hopefully will be a return of capital and lower cost basis vs any other treatment. With respect to your earlier post in this thread, Prillaman does say 2nd half of year, so I assume he is referring to 3rd quarter as next quarter, even though we were already a month in at time of statement. I'm guessing $15 million in rev at 25% gross margin and $3.5 million SGA is breakeven. A higher gm and or lower SGA will boost net. They claim to have been constrained by supply issues rather than demand this past year. I hope those supply issues have been resolved. I intend to call CFO this coming week. This could be very lucrative long term situation if it works out, and a good time to exit if it isn't going to. Hard to know which will be the case right now, although I think the willingness to release cash points to pending profitability.
I went back and re-read the press release. Basically just scanned it the first time. Prillaman all but explicitly states that the company will show a profit this quarter. Gonna run a spreadsheet to see how much additional revenue is required to create a huge jump in esp. Patience may have finally paid off for shareholders here.
I'll agree this is a boring stock, and I owned HANS under $5 when it was a deep value stock, but the rest of your post we will just have to agree to disagree. Buying and holding undervalued companies is about the only reliable way to beat the big guys I've found.
Even SGMA has rallied back over $6. This should be a $10 stock minimum.
Not a drop now though. Dried up is a fitting metaphor. Company should have been sold years ago while something was left to sell.
I was thinking about selling some shares here, but now I'm thinking that the quarter ending this September will be profitable. Following quarters as well. I can't see management letting go of that cash reserve otherwise.
Gracias! I'm hoping management's willingness to part with the cash signifies that the business has turned a corner and will be profitable beginning with the current quarter.
Not stocktwits per se. Just Twitter. Specific stocks are made searchable by including $ before the ticker in the tweet, and whoever you choose to follow, theit tweets will show up automatically in your Twitter feed. The character limitation is not ideal, but it's workable. I'm @microcaptrader1 on Twitter if you want to follow. I'll follow you back. Less
I just read the transcript. KY plant closing will result in loss of $6m in low margin revenue, so bottom line impact from that loss should be minimal. Costs savings should begin immediately.
Gross margin for latest quarter was 8.7%, and net margin was 1.7%. Both are forecast to continue to increase. I don't know the exact relationship of how the two margins move relative to one another, but it appears that the slop steepest as gm climbs. $500m rev with a 2% net equals $1 per share.
On $500m in revenue adds $0.5m in operating profit. If new ramps over 2017 keep pace with 2016, KTCC is set up for an excellent year!
Maybe with Marissa soon to be out of the picture, somebody of actual ability from Verizon will salvage the message boards. Likely not tho.