Up almost $4.00 a share off the recent low. Another amazing run, indicative of the market's approval of the use of "shelf", as well as management's whole strategy for growth!
The 14%+ turnover of shares places them in stronger hands now, IMO.
Top of range is approaching $12.00!!
I'm still impressed by the huge volume off the lows!!
GTT looking solid, with a target of $16 . The ever present possibility of a double , even from these much higher prices per share, seems never to wane!! The one thing to watch is the market making some sort of blow off top. But no one knows if that is happening so it's just part and parcel of the wall of worry... GO GTT!!
Our schedule for our OG2 Mission 1 Launch has been revised to Thursday, June 12 between 9:07 pm and 10:01 pm ET at launch pad SLC-40. The back-up date is now scheduled for the evening of Friday, June 13. We are planning to arrive at the Cape next week to re-encapsulate our satellites. We will continue to provide updates as we get closer to launch.
Prime time 9:00-10PM
Fri. the 13Th?? Oh, well!!
On May 22, 2014, at the recommendation of its Compensation Committee, the Board of Directors of Dynasil Corporation of America ... increased the base salary of Peter Sulick, Interim CEO and Interim President, to $300,000. Additionally, Mr. Sulick was paid a one-time bonus totaling $140,000 in compensation that included 40,000 shares, valued at $58,800, of the Company's common stock under the Company's 2010 Stock Incentive Plan and $81,200 in cash. The increase in compensation is the first since Mr. Sulick assumed the roles of Interim President and Interim CEO in July of 2012. The bonus was awarded in recognition of Mr. Sulick's leadership through the Company's recent bank default, which was resolved earlier in May of 2014.
You know the company is in a turn around situation when the board issues rewards like this. The board is loving the results!!
After a humongus run up, it tests the 200dma and explodes on 20X avg, volume. After no profit taking to speak of, there is follow through with another high volume day and it's breaking above the 50dma. These buyers are big and probably long term. Going higher, imo. Maybe to $12. Someone is loving this stock!
Telecom article gives quick mention to GTT: "They’ll now be selling 3M shares at $7.75, down from the 4.45M they originally planned and putting about $21M into their coffers.
Seems like they have ready access to about $180M. If they want some for an acquisition, they just take it off the shelf and it's ready to go.
This is part of the plan to get to $400M in revs but in a way that improves the EV/ EBITDA.
That's because they keep the multiple of price of the acquisition at a low multiple of post synergistic EBITDA. Lower than the overall mutiple now. So metrics improve, hopefully. Then they use Depreciation as a write off, keep CapX real low and retain the best employees and management. This, along with organic growth initiatives and a favorable market for cloud services, creates not only a larger company, with greater stature competitively but builds higher value and higher PPS.
Thanks. We'd like you continue to share some of your DD and insights. I'm pretty sure most readers and posters would agree with that.
Don't forget to read the Bio's of management and board members.
Cloud computing represents table stakes for international competitiveness today. At the most fundamental level, cloud computing is truly about enabling new business strategies.But you need a network to make it happen. GTT. I just bought back in 'cause it's going higher. IMO.Target right now: $16.
14% of the entire float just traded in a single day. As I said on 5-15, "The 200DMA is $7.49 and could go lower with downward momentum and possibly a big volume capitulation, after which, there may be a move back to these levels and perhaps higher, soon enough. " Never expected this mind blowing volume to the upside. GTT is going higher. IMO.
On May 9, regional leaders unveiled the 511 San Diego mobile application– the only app of its kind in the nation that offers commuters info about all things traffic, including real-time traffic alerts and traffic camera views, FasTrak tolling prices, and Metropolitan Transit System (MTS) bus schedules and fare prices. Through the app, users can find advance notifications of conditions that cause traffic jams, such as lane closures or stalled vehicles, and alternate routes to get around traffic incidents. The text-to-speech function of the app allows users to receive the information without looking at their smartphone screens. (Screen shots of the app are available under the Downloads section of this web page.)
“People who download the 511 San Diego app, in effect, will have a crystal ball for traffic information,“ SANDAG Second Vice Chair and Poway Mayor Don Higginson said. “For the first time, commuters now have access to integrated traffic data that was previously fragmented and available only to traffic operations managers.”
The I-15 portion of the app leverages the integration of real-time traffic information from multiple government sources and travel modes, such as freeway ramp meters, road sensors, and street traffic signals, to generate travel time predictions. These forecasts are based on sophisticated algorithms.
In 2010, the U.S. Department of Transportation selected the San Diego region as one of two ICM pilot sites in the nation (the other is Dallas, Texas).
From Itunes: The 511 San Diego mobile application provides real-time access to traveler information
Web Designer : Iteris,inc.
24 April 2013
Iteris has won a $580,000 contract for the final integration phase of the San Mateo Smart Corridor Program, continuing a collaboration of 13 agencies and cities design, deploy and integrate ITS solutions and strategies along the US-101 corridor in the county.
Iteris is responsible for the overall network design from a logical and physical perspective as well as the development and execution of system test plans to ensure all performance elements meet or exceed the system requirements. At the successful conclusion of subsystem testing, Iteris will lead overall system testing to ensure the system operates as an integrated system focused on providing ICM strategies in response to incidents and nonrecurring congestion along the US-101 corridor.
2 and 5 yr charts clearly show the rounded or saucer bottom .
It appears we are now in the handle portion of a cup formation.
May take some time, but if pattern holds, high volume breakout to much higher prices coming. T/A sure seems to fit along with with insider buying and improvements in fundamentals.
Writing is on the wall ,IMO, when insider add at higher prices. This too, we've seen.
May or may not drift lower short term but, there's not much more can I could ask for, as leading indicators for higher prices over the longer term.
Iteris is both a partner and a competitor with Google, I believe.
Idaho Transportation Department
Division of Transportation Performance
The first step to display transit routes, stops, and schedules on a map is to develop the
necessary data and put it in a format that map routines can read.
Google developed the national standard and it is now called GTFS. Iteris, Inc. was contracted to generate the initial GTFS files for eleven fixed route Providers in Idaho (including some intercity
Additionally, Iteris worked with Google to have the information included in the Google Transit planner website. This task is complete and it is now the responsibility of
the transit Providers to keep the GTFS files up-to-date.
An extensive effort was conducted by Iteris, Inc. to meet Google’s requirements for the Provider’s information to be included on the Google Transit website. Google Transit
allows potential users to plan heir trip utilizing fixed route transit service information.
This project is also complete. All of Idaho’s partner transit Providers’ stops and schedules are
displayed on Google Idaho Transit Technology Plan – Final
That said, Iteris has divisions that Google would probably not be interested in at all.
If you read the CC transcript, Brian Thompson says, in the context of an equity financed initiative:
'if we move toward unified communications ....we move from several hundred million dollars of addressable market to many billion dollars. That’s critically important for both shareholders, for investors, as well as for the company itself to attack.
In terms of expansion into additional cloud networking services, we....get inquir[ies] from our multinational clients, particularly multinational enterprise for unified communications, in addition to the broad portfolio of data networking services we have. ..It is something ...very consistent with our cloud networking portfolio, given the fact that traditional voice is a very easy data bit to put on the backbone of our global network. So that would be probably the second major area that will be looked at
So it could be a combination of M&A and possibly deleveraging ?? In any case, if the goal is to increase the value of the company to where the stock can continue to double, something big would have to happen. Whatever that big thing may be it might take a big shelf offering- the exact thing that happened.
If you accept that they want to reach their stated goals ($400M revs, etc.)then the purpose is growth, rather than using it to help being acquired.
We know the kind of things they've done in the past and it'll probably be similar in the future. As long as it results in higher stock price it's good- and that's what happened before.
SpaceX is working on the issue that delayed our OG2 Mission 1 launch scheduled for May 10. We anticipate announcing a new launch date shortly.
Thanks again! A "must read".
"A launch by early June would translate into service revenue beginning in August and increasing service revenue showing up in Orbcomm’s third-quarter accounts and even more in the fall as subscribers are moved to higher-usage plans"
"Orbcomm reported slightly more than $900,000 in AIS revenue during the three months ending March 31, or an annualized $3.6 million. Eisenberg said that should rise to $6 million per year with the six new satellites, and then gradually rise to around $10 million to $15 million per year."
As of 4-30-2014, there were 83,000 shares short. The 200DMA is $7.49 and could go lower with downward momentum and possibly a big volume capitulation, after which, there may be a move back to these levels and perhaps higher, soon enough.
The 300DMA is $6.24 and if selling gets out of hand, it could even go there and then bounce to only $7.49 or so. The buildup of short positions was one reason I sold the last rally. There are 83.8K shares short. There was also a lack of volume conviction to the rally.
At some point, the stock has to go into a trading range. I'm fairly sure we will see $7.49 or below soon, IMO
Ev/EBITDA will be at about 10.75. Not bad- but in the article, "Global Telecom & Technology: Misunderstood Microcap With Near-Term Catalysts" , they were talking about a multiple of half that.
A lot of the run up started when EV/EBITDA was at a multiple of 8 or 9.
The Company has a good strategy , good results and good management but in hindsight the market seems to have gone overboard in the $13 range and will probably go too far to the low side soon enough.
So the long view would be to focus on operating and financial fundamentals. The target is still $16 in one year so at some point that may be something to think about.
Right now, I own less than 100 shares of GTT.
May 8, 2014 by Chris Bergin
The next SpaceX rocket was set for her key Static Fire test on Thursday ahead of its Saturday launch tasked lofting six ORBCOMM OG2 satellites into orbit. However, due to unspecified issues, the test at the SpaceX’s launch pad – SLC-40 – at Cape Canaveral, has since been moved to Friday – although being able to launch on Saturday has not yet been ruled out.
I know what you mean. Is it a buying opportunity or a chance for more Chinese water torture? it HAS to be a real buy at some point. I still have quite a bit I'm sitting on.
Pretty terrible day for the stock. This shows how nasty the markets can be.
I did buy more in $9s but fortunately sold higher.
I did not expect this ruthless bloodletting though.
I have a tiny smidgen left. The reason I sold had a lot to do with the dwindling overall balance in my portfolio and being stopped out, so to speak.
Still have Axas, Aris, Dysl, ( tight stop loss)ITI (Chinese water torture but holding)and ORBC but I sold everything based on a mental limit as to how much leeway I can give my stocks to recover. I'm way down from the top though,I must admit- farther than I'd thought i would allow it to go before selling. Pretty stressful, but it could have been way worse.Grateful for that.
I just put a big bet on ORBC today. The launch from Canaveral will be a catalyst. Up if it works. Down if it doesn't. I've been planning to do this for almost a year. Got the money from GTT.
I have not posted here that anymore much since I began selling the last rally. Long term, this could be a big winner still, so I could play it again at some point but only if the ORBC launch succeeds. It's a true gamble that I just happen to be in a position to take.
I was surprised by the drop. But I did see and mention some support at $1.80 which was the old highs and resistance a while back.
I think , at book value, we are about as low as it's going. Could be wrong but, to me---it aint goin much lower.
I just held. May add soon if it looks like a bottom is truly in. May wait til after the CC.
If you have any time, listen to the Q&A on the video. The agencies on the webinar wanted to know when they needed to "begin" in order to comply with coming regulations. The Iteris V.P,/presenter said to get a pilot program going right away and that was 4 months ago.
Now Iteris is in a position to explain the product to these agencies in a webinar and the US Government is in a position to tell the states and counties to, basically buy it- or something like it - soon.
I realize there may be some competition somewhere and this is only one facet of ITI's business, but it looks pretty good to me.
Even if the new, Obama, $300 M highway bill remains in a crises and is not funded "as we'd like, when we'd like", the coming regulation I speak of is an imperative that HAS to be budgeted.
It seems to me there is bad news priced into the stock but, imo, good news is probably coming on this front.
I think the CEO could say " there may be some delays in funding projects because Congress is not acting on the new highway bill and , IMO, there would be no big response downward in the stock. II's already dropped. But if there is confirmation that Iteris IS on track, it'll have to go up. All IMO.
So, like your other stocks, bad news being priced in, followed by a decent outlook = higher prices.Let's hope it works out that way.