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Video Display Corporation Message Board

nothardly24 2 posts  |  Last Activity: Jan 19, 2015 10:29 AM Member since: Jan 22, 1999
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    Current Quarter

    by imd85 Jan 16, 2015 9:24 AM
    nothardly24 nothardly24 Jan 19, 2015 10:29 AM Flag

    Your assessment is correct. Cash is being used to invest in the stock market which is a surprise. The company did buy back 1 million plus of its stock with about half the proceeds, made a nice gain on some investments, but then took an realized loss which when netted out against the gains and income from investments to a $700k loss. Hopefully whatever the unrealized loss is will recover to the point that the net will be zero as a minimum. More importantly the divisions do not seem to be making any headway in increasing revenues so that there can be bottom line profits. However, if the company can get some contracts it can make money and the stock at these very low levels should recover some, depending on the amount of revenue gains and if that translates into profits. The company paid an average of $3.37 for the stock it repurchased so management must believe the company is worth more than that amount. The company has excellent products. It does face competition from much larger companies and depends on business coming to it rather than a large sales force. Other than the stock margin account there is no debt. Just trying to keep optimistic. Hopefully this is the bottom for the stock which is not a great time to sell.

  • nothardly24 nothardly24 Dec 13, 2014 9:42 AM Flag

    Ordway, except for the sale of 30k shares last March at below $4.00 has not sold any stock. Over the years he bought stock as high as $7.00 to $12.00 so he has lost money not made any yet. He used real money not stock options. He did buy the shares owned by the Howards but only to prevent them from being dumped onto the market and depressing the stock price further. He then sold the exact same shares for the exact same price. So he did not benefit in any regard. The shame of this is that the company continues to struggle and the price of the stock is now below $3.00. They are in businesses that require a long lead time to be awarded contracts and there is a great deal of competition. The company is very small now and that makes it difficult to expand marketing and sales. It has good products but unless it can land really big contracts it will either lose money or make very little. Maybe time for a younger CEO with the ability to take this company to the next level.

2.70+0.30(+12.50%)Feb 27 1:09 PMEST

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