CLCT bought back 13,600 shares as part of restricted shares that vested to cover income tax. This cost about $300K. That comes out of cash so that is why I adjusted cash added to only $200K vs $500K
using the 21st of Sept #'s as the cutoff (due to processing delay), I get 504K coins and 420K cards for this current qtr. Cards have been working 7 days/week recently to meet their numbers and move down their excessively long backlog.
That translates to over $13.9M in revenue, add in a little extra for non-card or coin revenue (Expo's, CCE network, digital properties, etc) and I get over $14.8M on revenue.
figure 22c in GAAP earnings and $200K+ in cash added. Q1 warranty costs are down but they typically have capital expenses in this quarter. Hard to predict Tax rate is it varies wildly. Hopefully China losses will narrow. HOF coins and the Kennedy coins were wildly popular and will add to avg ticket price. The card division has its annual big show during this quarter. Card division also did not run its low cost promos this quarter which will add to card avg ticket price.
Last year $14.1M, 20c GAAP, 447K coins and 431K cards, cash BURN of $1.2M. China started up last year in July and that was a big reason for the burn as well as cap ex. Even if cash flow this quarter is break even, that is a huge turn from last years big burn.
I think my estimates have been consistently under estimating their performance.
I am predicting about $500K cash flow positive this fiscal Q1. First time in their history and this is without stock option exercises. BOD members have $17+ options that expire in 2 months. I predict they will wait until next quarter to exercise which will make Q2, typically the "slowest" quarter, cash flow positive as well. "Managed" cash flow if you will.
Warranty costs in the last 30 days are ZERO. First time I can remember seeing that. Sales are still strong and much higher than last year. Backlog is at strong levels. The company can generate $2M-$3M in cash flow this fiscal year. That would put them around $23M in cash. That sets them up for a dividend increase next year. Keep in mind half of their discontinued ops building leases expire end of next year too.
Should China be a cash generator instead of a $1M/yr cash user, then that changes everything. There certainly are now thousands of Chinese millionaires now that Alibaba is public. Alibaba has a bad reputation for allowing tons of fake coins to be sold. I have always wondered why Ebay doesn't buy CLCT but they never have. They do have a relationship. Alibaba now has over $20B in cash and is hugely profitable. A purchase of CLCT by Alibaba would be chump change for them and would give them immediate anti-fraud cover.
I don't get the short thesis here. Almost 10% of shares are short. Really guys?
you can make your silly ad hominem attacks all you want and your stupid predictions, the only thing that matters is the stock price and it strongly disagrees with you.
Having a stock right in front of you for YEARS and not getting in when the getting is good and being infatuated with someone else.
the aggregate value of every MGN trade today was about $30K. Whooppee. Easily manipulated piece of junk
when you take out a spreadsheet of market cap, sales, EPS, customers, assets under contract, etc for NMRX, ORBC, CAMP, FLTX, MIXT, XRSC, IDSY you will see one outlier
IDSY is 2x-4x undervalued compared to peers based on those metrics.
Thanks for your kind words. I do believe IDSY will convert their TMS fleet from ORBC to cellular. It is just cheaper and doesn't send money to a competitor
I don't think they need to. Just continue to do what they are doing and continue to say what they are saying behind the scenes. If all they have is a $300K deal, I can't see how that does anything.
This could hit $9+ in very short order. quick on the way down, will be quick on the way up.
and the volume was less than 500k shares
It never went above $7 since then. So a small amount of volume and time should push this back over that point
the slide dow 6+ years ago from $10 to $6 was fast and dramatic. That is why I say $10 is the next objective. Not many shares traded on the downside from $10 on down.
I don't think they need a release. Let the numbers speak for themselves now.
$7+ has hit.
18,000 shares on the bid at $6.99
Anyone who has bought in the last 6 years is now in the money by a good amount
poor caseyboy2, the hater, having a temper tantrum, and can't be heard
Maybe I retire at 52 instead of 55 now.
Even at $10, the stock is undervalued on a comparative basis. Ehrman has in 6 months done more than Jagid had in years. Jagid was truly useless and his pay should have been clawed back. Maybe shareholders should initiate a class action against him and the former BOD
one thing for certain, at least if the company is for sale now, it won't be given away. I think $12 would be starting point. I would have taken $8 while Jagid was in charge