If you have valid criticism of my NSSC posts then express your contrasting opinion and defend it with facts but don't belittle yourself by taking personal attacks at my intelligence, financial experience or character.
First of all, ARGL appears to be a contractor, not a manufacturer. Second of all, I went to EDGAR to find the latest financial information and there were no recent SEC filings since 2010. At that point, I decided I was wasting my time. That's a candid response.
If you were able to find 10Q's then your own research can support whether they are a good buy or not. Your particular approach to investing is different than mine. You don't need my opinion to make your investment decisions. Let's just accept that and move on.
This is a NSSC message board go to the ARGL Yahoo message board which doesn't seems to have any worthwhile activity.
ARGL vs. NSSC is apples and oranges, in my mind........no valid comparison.
Pbutow, to be honest with you, my personal investment philosophy is to not to invest in penny stocks. Over the years I have found that it I spend the time on stock research, I can find plenty of small cap companies with stock prices under $10/share that are capable of producing long-term, above average stock market returns. They have track records which prove they can grow their business, yet, they are just undiscovered or they don't spend the funds necessary to publicize the company in the investment community.
To me buying penny stocks is gambling rather than investing. Many of these companies are in the start-up phase and don't have the management, the business strategy, the access to capital or the internal controls and systems to make it to the next level. I know there is a great feeling owning 10K shares of a $0.50 stock but generally when the time comes to sell the position there is a problem with liquidity or the bid/ask spreads are excessive. Just my opinion.
I know people have gotten fabulous returns on penny stocks but was it due to luck, company hype or investment savy?
Sorry, you probably don't like my response.
If you own shares in ARGL, I hope you make alot of money. It's just not for me.
The updated listing of number of Napco shares sold short for the last six reported periods is as follows:
1/31/14 211, 068
I for one, was quite surprised that after the prepared remarks from Richard Soloway ( I won't make the same mistake twice) and Kevin Buchel that there were no questions from analysts or fund managers on the material covered during the conference call or in the quarterly press release. I hope this doesn't mean that the investment community interest shown in Napco at $5/share has now evaporated at $7+/share.
It is a shame, because I find the question and answer session of the conference call is generally where you have the best opportunity to learn more about the operations of the company.
Although, judging from the lack of questions, answers and contributions on this message board the overall interest in Napco does seem to have vanished.
Come on guys.....I know you have comments you want to share!
Sorry, apparently when I made reference to Richard Soloway by the commonly used name for Richard..Yahoo thinks I am using a term which is offensive and inserted the "#$%S". Learn something new everyday.
My final axe to grind is with the calculation of company EBITDA (earnings before interest, taxes, depreciation and amortization). In my mind, the recording/adjustment of inventory reserves is a normal part of business (impacting cost of sales). When the company increases an inventory reserve it does not have an immediate cash impact in the period recorded but when the underlying goods are either sold or disposed of there is a cash impact. Being a purist, this is not an interest, tax, depreciation or amortization item and if I was performing the EBITDA calculation it would be left in, rather than added back. I wonder why increases in accounts receivable reserves are not being added back?
Sorry to be so negative.....because I do think #$%$ and his team are doing a great job with Napco and the company is heading in the right direction and will reward the current shareholders handsomely in the future. The company has the right products, at the right time in the marketplace but to me the reported 3 M/E
December 2013 must have been negatively impacted by an unexpected softness in the Napco business environment or there was a slight stumble in Napco's execution. Maybe, after two very positive quarters, Q/E June 2013 and Q/E September 2013, I am setting the bar too high for these guys.
My reaction to yesterdays earnings release from Napco can be summed up in one word..."disappointed."
The 6.6% increase in revenues in the 3 M/E December 2013 period versus 3 M/E December 2012 is nothing to be proud of. First of all, the 2012 period was negatively impacted by the hurricane Sandy impact and secondly, if recurring revenues are in fact becoming as significant as hinted to by the company, then core business sales must be close to stalled out growthwise. Personally, I don't know why the company refuses to voluntarily disclose recurring revenue amounts. I realize they are not yet significant enough to have to be disclosed under SEC reporting requirements but both shareholders and investors are wanting to know the significance of the item which has been promoted as the way the company will temper the distorted seasonality in the reported quarterly results, that we are all aware of. I have always been skeptical when I see high percentage improvements quoted and my first thought is always that the actual amounts are small but use of percentages gives the storyteller more "bang for the buck." Let's quit the hide- and -seek and start providing dollar amounts with the idea of full transparency for the shareholders and investors.
Operating profit dollar amounts for 3 M/E December 2013 increased $180K. The positive impact on operating profit margins due to higher recurring revenues, a richer product mix, lower R&D costs and lower advertising & promotional costs, is being significantly offset by higher other S,G&A expenses.
Interest expense reductions and lower income tax expenses are having a significant positive impact on 3 M/E December 2013 versus the comparable prior year period.
I need to expand on my previous statement "the company has never furnished future sales/earnings estimates."
What I am specifically saying is the company does not disclose current fiscal year sales and earnings guidance.
Several times they have made reference to the significant profit leverage effect to the bottomline once quarterly sales exceed the $20 million level.
Also, I believe it was a couple of years ago, they did disclose that the company had the potential to reach $1.00/share in earnings when they attained an annual sales level of $100 million.
These guys play it close to the vest and let reported results move the stock price.
Personally, right now, I am in the camp that the stock price has gotten ahead of itself but when you are talking about microcaps.......the herd mentality and action can move prices way beyond what one thinks reasonable. The share volumes traded lately seem to indicate the momentum players and day-traders have discovered Napco.
To my knowledge.....which goes back 30+ years on Napco, the company has never furnjshed future sales/earnings estimates.
The company is trying to inform the investment community that they currently have the best product in the marketplace. Sit back, be patient and enjoy the ride!