If anyone out there is going to be at the shareholder meeting, I would sure love to have these questions asked of the CEO:
1. Over the last month or so, the market value of VirTra has declined by approximately 35% to the current $18million dollars. Do you believe the current market cap reflects a fair and correct value for the company?
2. Approximately how many shares do you own?
3. Of the 158million outstanding shares, approximately how many are held by people who are currently restricted from selling them?
4. Why hasn't the company uplisted to one of the OTC exchanges?
5. In 2015, has any other public company approached VirTra in an effort to buy the company?
bh, No one cares what you think, no one cares what I think. This is an anonymous message board where it is impossible to verify motives or credibility. Many of us post because we own the stock and enjoy thinking about this sort of stuff. The stock market has been very kind to many of us over the years and we enjoy the exchange of ideas and viewpoints.
I sincerely hope you were smart enough to have profited from the decline in HTCH. Making money is a good thing and I enjoy seeing people make money.
It will never matter to me if its 1/2/3. All my trading is in ROTH accounts. So no tax implications when I sell at $15 or $35.
Yes, my time frame continues to move out. It moved out at least a year due to the OIS efforts and now it has moved out another 6 months due to the swoon in PC sales. But so what? All my trading is in accounts that I can't touch for another decade plus and will likely never need. Point being, always make sure you give yourself the flexibility to buy and sell on your own terms at the timing of your choice.
Done typing. Cheers and good luck.
You summarized it well. Here's my two bits.....
The two reasons for the afterhours reaction is that the current June quarter is off to a bad start for suspensions AND they did not announce any new OIS wins.
On the good side, their position with Seagate continues to grow and they are obviously still in the running for some significant OIS wins that will result in meaningful FY16 revenue. Also, their Q2 numbers were better than year ago even with the PC swoon! (I will say that it seems stupid to me how they always compare things to the previous quarter rather than the year-ago quarter, especially since Q2/3 are always much weaker than Q4/1.)
Bottom line for me is that while it is frustrating to see the stock back down to this level, it really makes no difference to me whether it is $1, $2, or $3. All that matters to me is whether or not I can still reasonably expect HTCH to be a $20 stock or better within a reasonable timeframe.....which for me is now 24 months or so. I will probably double or triple my position over the next several days.
You are exactly right. The analysts don't have a clue how to even address or deal with OIS....so they pretty much ignore it. All they do is update their models with the latest TAM, and CapEx and OpEx and whatever guesses for HDD. Great questions, hope they get asked. If you get a little feisty with Ives, he will answer....but you will not get much out of him.
What ANR did this Q they can do every quarter for as long as they want. All you have to know is the Book Value. I love buying a stock for 5% of its true value.
Excellent post, WDC only down 1.5% and the numbers were pretty good and no surprises. Just for those who don't follow closely, your Q1 and second half references are with respect to the calendar year and not fiscal. Hutch fiscal year 2016 starts Oct 1, 2015.....only 5 months from now!
The number of thumbs down is rather interesting for this board since most everyone that posts here is bullish. There seem to be only 2 or 3 bears.....so with that many thumbs down, the bears are obviously using multiple alias....so likely only really one. Silly.
Hi bh880, Not really dreaming, just believing. About a decade or so ago I made the decision in my investing to ALWAYS believe what the leadership (CEO/CFO) of a company is telling me. I have been burned badly once (Kodak - CEO said "no bankruptcy"....but then they did) and burned temporarily recently with MCZ (CEO/CFO said they would not use their shelf....and then they did). So with Hutch, I believe them when they say they will get back to 33%ish market share in suspensions and maybe have several OIS wins this to announce this Summer. I believe them when they say they will ship "tens of millions" of OIS assys in FY16 (which they said during the recent cc q&a). With Hutch, if it were just words, I would not feel as strongly as I do. The ship numbers over the last 6 quarters strongly supports what is happening with suspensions and the Foxconn Infocus OIS win strongly supports the likelihood of more OIS success. The lack of recent insider buying at Hutch I also find bullish since it suggests to me that insiders cannot buy due to something they know. There is a reason(s) they continue to be locked out....Mr. Ives can confirm this (the lockout) if you ask. So, you call it dreamin....I call it believing.
of impressive. Not because of the size of the daily moves (tiny) but just because it is happening at all. Someone apparently has enough ammo or cares enough to make sure it continues its upward creep.
HEAR is also presenting at Riley. I will be sad if these two end up merging.....but it sure would be the fastest, cheapest way for HEAR to get the additional product lines they are trying to develop. Let's hope they hate each other or Harmonix has the stones to put an ax to it.
I agree with everything you just said. Pretty much sums up the game with this stock and company.
True, I mixed up lots of stuff in there. My point is simply....Why keep whining about it? If you don't like management or the company or the stock, simply sell and buy something else. Or do something constructive about it. Show up at the annual meeting and ask DR about it. Or call him on his direct phone line using the number I posted a month or two ago. He will talk to you. Or try to profit from your beliefs and short the stock. Life is too short to be a whiner.
I also disagree with you using the word moral. Moral, ethical, fair....I hate every one of those words since they are without meaning and should never be used anywhere near the stock market.
You are the problem with America. Your attitude and the chip you carry around on your shoulders is anti-American and anti-capitalism and illustrates perfectly your liberal beliefs.
Who cares if someone else makes more money than you? Maybe it's because they work harder, have more responsibility, and produce better results than you. I have never understood why so many in this country are jealous/envious of those who earn more and/or have more than they do. The opportunities are everywhere in this country and in this stock market and are there for anyone to take advantage. It just takes a bit of work, some smarts or savvy, and the willingness to take some risk.
Maybe I am way off base, but my guess is you are one of those who believe in a $15 minimum wage for burger flippers and have your hands out for every government program available. Grow up and start working for yourself instead of worrying about how well others are doing.
Short interest as of April 15 is only 370k shares, up from about 300k at March 31. I sort of like this number. It is still relatively small ...but is starting to creep to the point where a mini tiny squeezy could pop it from $2.50 to $3.00 in a flash. Cheers all. That last bit was for Jay.
I still have all my MCZ, but I would argue that the risk/reward is better with HTCH right now than with MCZ. Both have the potential to be 5 baggers in less than a year, however, I think the upside beyond that is higher for HTCH. But what tips the scales for me is that I am not 100% convinced that Mad Catz is capable of profitably pulling off RB4. On the other hand I am 100% convinced that Hutch gets back to 30 - 35% market share in HDD susp and that OIS will end up pushing the company to about 700 - 800mil in sales within a few short years.
Due to the added MCZ shares, I no longer own 1%....but not too far off. And there isn't a snowball's chance in ....that I sell even 1 share sub-$1.
I wasn't sure, just seems they always hang out on the same boards...of course that applies to many of us.
Bash-n-buy guys like you sjflegends are so immature. You could be much more effective if you would be more subtle with the bash part of the equation. I sort of do like how you call some of us cheerleaders. Rah rah rah....VirTra revenue, earnings, and balance sheet have improved for 10 consecutive years. Rah rah rah....VirTra revenue and earnings will be over 60% higher in 2015 than in 2014. Rah rah rah....VirTra has secured multiple paths to revenue and earnings growth - Middle East distributors/VARS, Modern Round, Patents, US police forces, US Customs/Border Patrol, Corporate private security training, etc. Rah rah rah.....the temporary stock dip from 17 to 12 has been on zero volume so utterly meaningless. Rah rah rah......VTSI is worth 35 cents today. Rah ...errr Knock knock knock.....VTSI ticker symbol might just change to something else along with a bunch o' cash.
a4 and/or frank, You guys must be a real hit at parties. Why carry on the charade of pretending to be two people? Don't answer, doesn't matter. Just strikes me as inefficient and weird. Saying that short interest went up 4X, while accurate, is truly misleading since it only went from 80k to 330k shares. Both numbers are still effectively zero. I'm happy you continue to buy shares and hope you have enough ammo to buy millions of them. FY ended March 31 so next report should be first week of June if they follow same timing as prior years. frank should have told you that.
dugmalus, You have been "anchored" by the current stupid-low share price. Set your sights higher otherwise you will be too euphoric to function!
At some point during the next 5 months, HTCH is going to go up $3 in one day and maybe $6 or $7 on one week. Jay loves my predictions so figured I owed him one.