trade steadily lower to 1 or 2 cents (which is still a $10mil valuation) before it gets taken out at 2 or 3 cents. Sold my shares and am gone forever...I know you will miss me.
I also doubt an acquisition by another company would be telegraphed in this way so lets forget about that one. However, I do think a Ferris-lead-buyout might be in the cards....I'll give it a 20% chance.
The chart IS good. So put the chart together with the fact that trailing EV/EBITDA is barely 5.0 and PS is still well below 1......and then look at the top line and bottom line growth rates.....and pristine balance sheet. Knock on wood, but it seems like the only way it can break is hard UP. I am surprised that the stock isn't already at $20 which would be a still very conservative EV/EBITDA of 8 or so.
Ron, You really do seem like a nice guy even though I tease about the soft bashing. However, if you actually do spend more than 0.064 seconds thinking about junk like in your post then you do need professional help. Maybe you can use micro's therapist as he has daily visits given his trade of MCZ shares for KTCC. Scary dudes.
17 cent shares bought afterhours on earnings day. Too bad it wasn't very many shares. Point is, stock movements always happen rather quickly and soon today's buyers will be saying "ha ha ha, up 50% on the shares I bought a few weeks ago at 22 cents." Think about what we know today that we didn't know before earnings:
1. Large retail deal for 7 Tritton SKUs.
2. In compliance with all lender covenants.
3. $8.3mil of RB4 inventory will turn to cash in Q1/2 and no further writedowns.
4. New CEO did in Q4 exactly what she said she would do in early Feb.
This really isn't all that much, yet look at how that changed the perception of several potential buyers. Suddenly they start to realize the possibilities that $70 or $80mil in revenue present.
Thanks Hopeful. I would say we are thinking along similar lines. I put a lot of significance on the move of the annual meeting from early May to mid-September. It is also a little interesting to me that over the last 5 or 6 years or so, the CEO personally answered every single email that I sent to him ....until about 3 or 4 months ago. Usually he would simply thank me for the thoughts or say he would pass on to the BOD or usually just acknowledge that he received and read it. I would typically send about 2 emails per year (usually congrats on a report and some suggestions wrt shareholder value) and then about 18 months ago I said I would send 1 per quarter. It is the last 2 that have gone unanswered though sometimes I would say in the email that I wasn't looking for any reply. No big deal but sort of makes me go hhhmmmm.
I have mixed feelings on what I am hoping for. I would not be surprised if shareholders are asked to vote on a cash buyout by somebody or somebodies. I would not be surprised if a company like TASR worked out some sort of cash+TASR share deal given their inflated but stable shares. It would also not surprise me to see a reverse split and uplist to OTC.
If they could get 50+ cents for the company I would be happy, if the price is 30 cents I would feel cheated. If the plan is rs and uplist and continue to grow that is fine by me. The next earnings report will be about August 15th which is between the proxy info being avail in late July and the meeting in mid-Sept. Maybe that tells us why they picked mid-Sept?
See, I'm all over the place.
They are simply collecting the required shares to fill the insider's orders.....or not. Fun to speculate. Or maybe someone simply woke up and realized they could buy a 50 cent stock for 20 cents.
What is this? An optimistic post from the grumpy old man? That was the most refreshing and unexpected post I have ever read. I hope you have loaded your boat with shares. Happy investing.
manufacturing sector to be dead! There, now maybe it will rise. You ladies should start scaling into EMMS.
that EMMS will be getting back to the $2.50 - $3 range within 6 - 18 months. That's not too shabby from 70 cents. Also nice to see over 80k shares on the bid at 67 and 68 cents. It is waking up!
what the CEO might be planning/referring to ...with respect to his two recent mentions of improving shareholder value and liquidity. The choice of the word liquidity is an interesting one to me and not too common to see a CEO even mention it. Curious to hear your take.
You should just sell your shares since you don't seem to enjoy owning them. In this day and age of being able to click click and buy/sell for commissions of about nothin why sit with something you don't like?
There are so many spectacular buys out there right now......RFP if you want a slow smooth ride to a triple over the next couple years....PNNT if you want to lock in a 17% div for the rest of your life.....EMMS if you want a 10 bagger over the next decade.....KTCC if you want to feel micro's pain....NAII for a sure thing double over the next year.....GME if you enjoy a div and can trade a bit.....BAC about every day.....CNAT if you like reading hopefuls posts and have an iffy liver.....HPT great div forever and ever amen....VTSI if you want a 50%+ move up in 7 weeks......DSWL if you like LTF and can pull the trigger faster than him.....HTCH if you are a gambler.......STLY if you want more of micro's pain.....
My only point is that this investing stuff should be fun and there are many options to make it fun.
It doesn't much matter what the stock does today or tomorrow. As long as CEO and team continue to do what they say they will do then all will be well. Anyone buying at this level will do extremely well over the next 8 - 12 months.
is probably actually bigger than 490,550. Anyone hitting this is a fool. Company is worth 3X current price and CEO has told us twice now very recently that something big is coming in late July via proxy for mid-Sept annual meeting via his 2X mention of shareholder value and liquidity.
1. I doubt if micro was ever 100% out of the stock and I would also bet he owns a few more shares today than he did a week ago. No one posts as incessantly as he does if no position. When MCZ crosses above 30 or 40 cents I'm sure he will mention how he loaded up sub-20.
2. Ron, you need to relisten to the cc. They were crystal clear that they will get the $8.3mil. Zero chance they get less. It was talked about 3 separate times and they were consistent and confident. For you to hint at $6mil makes you sound like micro the soft basher.
The FY17 guidance for non-RB4 double digit growth is obviously verses the FY16 numbers. But your point is well taken since this doesn't help too much with respect to an upper bound since double digits could mean 10% or anything above. My guess is +12 or 13% verses FY16. But again, not one prediction on this message board has ever panned out correctly. Although this is the first time ever they have provided concrete guidance. Let's hope it is conservative. Let's all check back in 8 months.
For goodness sake emory, would you please just tell us what you think happened?