Having seen your posts for the better part of a year, I know that you, like crusty and lucreton enjoy seeing your own posts. You seem to believe that others have interest in them. That you are imparting precious information that only you are aware of. That you alone know sales and marketing better than the folks who do it day to day.
When I see your name on the profile page for LTRX, then I, like everyone else here will afford you the respect you so desperately want. Until then, you're just blowing a bunch of hot air - just as you've done for the past decade. Has it been worth it? Ask yourself how much your time is worth before answering.
thanks - will check them/him out.
I am still being extremely cautious - no biotech/biopharma in my holdings other than new SNTA shares picked up yesterday at $3.94...I suppose the DRAD is borderline biotech, but more tech in my mind with bio application.
Mostly sticking with my small cap banking names and digging in. Flipping some other "safe" names for small profits here and there just to feel good making some pocket change while being patient.
That's all you need to know.
I get it very well - you think it's a badge of honor how long you've been here and that it confers certain rights/seniority to you personally. It doesn't - really.
Nobody cares about your posts for the past 10 years besides you, lucreton, and crusty. You all wallow about the past, how long you've been shareholders, and you supposedly know so much. You really don't, and though it may come as a big surprise to you, the sales and marketing team do know how to do their jobs better than you.
I'm sorry that you do not understand how turnarounds work.
You are focusing on the wrong things.
Let's come back in a quarter or two and then we can review these posts of yours today.
Look at the bottom line - there are your numbers. If you cannot see the progression from last year to this year, that's your problem.
Company has successfully restructured, reduced costs, put out new products, and now as sales increase the higher profit margins are going to find their way to the bottom line.
Year over year the bottom line is excellent. The loss posted in this quarter last year was more than the loss for this entire year.
2015 will be a GAAP-profitable year - profitable quarters are coming very soon.
What planet do you live on?
Busch continued: "As we move forward into fiscal 2015 we believe our pipeline of qualified opportunities and focused engagements with Tier One accounts, position us well to achieve long-term revenue growth and profitability."
Financial Highlights for the Fourth Quarter of Fiscal 2014:
Net revenue of $11.1 million
Gross profit margin of 50.1%
GAAP net loss of $213,000, or $0.01 per share
Non-GAAP net income of $206,000 or $0.01 per share (representing the fourth consecutive quarter of non-GAAP net income)
Yes - you have a good handle on things even without a financial background - you'd be surprised just how much you understand compared to others on these boards.
1. Yes - buying back shares can also reduce S and increase EPS. Having the share buyback in place helps accomplish this, assuming they are actually buying back shares. The buyback is an "authorization", so they may buy shares, or they might not.
2. It is generally the case that when shares are repurchased through a buyback, they are retired - so they are taken out of the outstanding share count. If you review the balance sheet, down near the bottom will be a reference to the outstanding share count - this is where it will get reduced - equivalent to tearing up the physical shares. There are some companies that do as you have suggested - reissuing repurchased shares to officers and directors, but most go the other route and retire repurchased shares. Most companies do have employee incentive programs and it is generally the case that officers and directors do have part of their compensation packages including free shares and/or options to purchase shares (generally at the market price at the time of the option award) - so over time, without shares being repurchased you will see the outstanding share count gradually rise even without the usual stock dividend.
3. We in violent agreement with regard to officers and directors buying/selling stock. It's my experience that when you have officers and directors who are regular buyers of shares and they hold those shares long term only selling in rare situations, that is what sends the best message to shareholders and potential investors. If officers and directors aren't interested in buying and holding their own company stock, then why should anyone else?
I think that there's a bit of a tradeoff here. Though the stock dividend is nice, the flip side is that it is increasing share count, and likewise impacting EPS. Though there's been growth in EPS year over year, company came in below analyst estimates by 1 and 2 cents/share the last two quarters. Possibly this is a case of analysts not properly accounting for the increased share count? Regardless, I think that if the company wants to increase the dividend rate/amount, the way it should be done is by increasing the actual dividend rate and pay it in cash. EPS would be higher since share count would not be growing, and I think that investors would reward the growth in EPS in the share price more than that a 2% stock dividend was given. I think this is a contributing factor weighing on the share price. If EPS were increased (more), then investors would be more likely to assign a higher share price because of the higher EPS and growth in EPS.
Now, a different subject which is bothering me - insiders have been selling shares the past couple weeks. It bothers me for a few reasons. First, earnings were (supposedly) good. Why sell after posting good earnings? Second, the dividend has been announced and the stock is going ex-dividend in less than 2 weeks. Why are the insiders selling the shares now if this cash payment is in the bag? They couldn't wait two more weeks? They obviously think the shares are going to fall more than the 25 cent dividend amount - otherwise, again, why sell now? Third, in general, why is there a severe lack of insider purchasing? I see 1000 shares purchases by Hoy and Murphy maybe once or twice a year, but there are many more shares being sold by all other insiders. This does not sit well with me. Shares go to $26.50 and these bozos are in there dumping shares in advance of the dividend?
I'll buy when I see Hoy/Murphy buying again below $25.50.
Deal has passed antitrust review.
I bought BYI down to $74 and will hold and buy more if it goes to $75s again. I sold the SGMS a little too quickly for the quick profit, but can't complain.
Eberwein buying has begun - 5000 shares Monday and another 5000 on Tuesday. Though I'm loaded, I'll buy more shares if it dips below $3.30 at any time...just going to put in GTC orders and forget about it.