Thanks b_fr_nk, You have obviously been following far closer than I and I appreciate your detailed post. Very helpful. A year or two ago it first caught my eye because I thought it could go on a run similar to what DWCH did (from which I benefitted greatly) a few years ago. I hope it goes up and up and up.....but not before a own a wee bit. Cheers.
Why amazing? I traded them a couple times in the 1.20 range and got lucky enough to make a few dollars and have looked at their ticker every day for a year+. I saw it up big this am and read the report but was thoroughly unimpressed (revenue down, basically breakeven ops).
Was something said in the cc?
What impressed you in that report?
Very true. I did the same a couple times this week. They would show 100 shares or maybe a few thousand and I had no issues buying more at that price or ever so slightly above. Sure would be interesting to know who was selling and what they were thinking.....but that ain't gonna happen.
I'm still pretty convinced that one of these days "in the blink of an eye" we will be up and over .65 and well on our way to 1.00 and beyond. Then we will look back at the chart and wonder why we didn't buy more below .50.
All my opinions....
I'll take them in order...
1. Insiders cannot buy now, they are locked out. Talk to Chuck if you want to verify.
2. Agree....but it is due to two issues....loss of Seagate years ago and Thai flood. Both fixed now.
3. You have it backwards, only three suppliers including Hutch, perhaps they agree to play nice ala WDC and Seagate?
4. Expenses increased ONLY due to OIS. Without the OIS development, current Q1 would be GAAP EPS positive. Seems a worthy risk to me. A little pain now for a future $300 - $1Billion revenue stream with margins far higher than HDD.
5. Or maybe they start buying back and retiring shares when they are literally swimming in cash a couple three years from now?
Why would you be long if you don't trust management and believe in all the negatives? Strikes me as painful.
I always like it when others list a ticker to look at. Got in on some really good finds that way, including vtsi.
....my two bits on vtus: I admit I didn't dig too deep or spend more than about 15 minutes with it. For me, I can't get past their balance sheet. Current Assets are less than Current Liabilities. That cannot persist and is a huge red flag, either they declare bankruptcy, shut down, or raise capital. Also, Assets are less than Liabilities, that is another problem. Cash flow from Ops is also negative.
+Rising suspension volumes, 23% share now on way to 33-35% in a couple years.
+Possibility of OIS becoming big, very big.
+Both underlying markets (HDD and Smartphones/cameras) are strong and growing.
+Revenue, earnings, balance sheet, all trending in good direction.
+Stock at multi-decades low
+PS and PB at historic lows
+Rising analyst estimates
+Tons of possible upside to the stock (500%), very little downside (50%)
-Company is currently losing money.
-They diluted shareholders in order to solve their debt challenges.
-They lost Seagate business once before, could happen again.
-Believe odds of OIS success are low and it continues to eat money.
-Do not believe suspension ships will continue to rise.
-Stock chart is ugly
I guess a little something for everyone. Bottom line, either you believe the progress over the last couple years will continue or you don't. Not sure why I typed all that.
That is what I love about Mad Catz right now (and for about the last 18 months or so). They are focused 100% at running a great company and doing all the right things to survive and thrive. The product lines have improved, the balance sheet has improved, revenue is starting to grow, bottom line profits arrive this quarter (and likely EVERY quarter for the next several years), marketing is focused tightly and correctly, etc.
Sure, they are not pumping our the PRs like some here would like to see, but so what. PRs do not sell product, do not result in revenue, and do nothing to advance the cause of the company. What matters now is continued revenue growth, profitability, and a strong forward outlook.....and we have all of those.
Stock is sleeping but that too will end abruptly.
ANYONE who listened to the last cc should not be surprised by today or what is to come. In my opinion, CEO Hart told all of us POINT BLANK and very directly that both the company and its execs would be buying shares. Remember, he said "the handcuffs come off." Cheers.
Very true. I know it doesn't do much good to rant on this sort of message board since maybe only 1% of VTSI shareholders actually read it....and most of them aren't going to listen to me anyway.
As long as VirTra continues to deliver revenue growth, earnings growth, and a super solid balance sheet it will work out. I think we all need to keep lobbying Rudy Miller and Bob Ferris to uplist to the OTC. We also need to push them into quarterly conference calls and get them to consider buying back and retiring some (even if just a token amount) shares on a regular basis.
Shareholder value would explode upward if they would simply talk about it and start taking the share count down by maybe 1 million shares each quarter. This would cost them less than 1mil per year (for now) and would send the strongest message possible to the investment community. It would also be great to issue a PR telling us about any insider buying over the last year.
That's a good strategy, it almost worked....and still might one of these days. Might as well take advantage of these sort of folks.
stupidity. I hate seeing people do stupid things. Why on Earth would anyone sell about 80,000 shares "at the market" when VTSI opened today? That is just stupid and giving money away. I don't care if they bought at 2 cents or 5 cents or 10cents, it is still stupid. The ONLY reason this stock is at 13 cents instead of 30 cents is because shareholders agree to sell at this insanely low price. People need to look forward rather than backward. Sorry to rant.
Hart sure implied in the cc that that would be happening......I think he said something about the handcuffs coming off. Bodes well.
cash per share! Stock is far cheaper today at $8.60 than it was months ago at $6. Lots of capital, net cash, rising revenue competent leadership, cash flow positive, etc. Only ugly thing is the stock chart, which is why I absolutely love this stock right now.
All the hate expressed toward one individual on this board is also stupid. Grow up people, no one clicks buy or sell for you. Ya'll must be liberals since you don't take responsibility for your actions. Cheers.
This early onset of winter here in WIS really stinks, messed up the last two weeks of bow hunting, made the grouse move to the trees rendering my dog useless. Of course ice fishing now in full swing but I haven't yet taught the dog to point walleyes. Gun deer this Saturday though. Not sure why I typed so much, just seems like all my stocks are in a holding pattern waiting for the inevitable catalysts.
I agree with you on BFDI. If you haven't, take a look at INVE, suddenly (with all the cash on the bal sheet) they look really cheap with great forward prospects and a really good CEO.
opinion than me with respect to MCZ has nothing to do with my dislike for you. The only reason I can make money in the stock market is because others have different opinions than me. God love you for that.
What makes folks like you annoying is that you are not transparent. Longs and those bullish on MCZ are very transparent, they state their rationale, they state they own MCZ shares, they sometimes even post when they buy and sell. They only post using one moniker and are not paid by anyone to do so. People like me post for our own selfish interests and in the hopes we learn something from others and maybe find some new stocks to buy.
People like you post using multiple #$%$, are sometimes working for others, seldom have their own money in the game, and tend to prey on people's fears. With MCZ, you could be so much more effective by stating facts from MadCatz past to bolster your case, there is plenty of ammo. For example, meifud is really good at it and there is always some basis for fact in what she posts and mei is likeable as a result. You, on the other hand are not.....because of the content of your posts.
The other thing I find fascinating is that some here think they are anonymous. How stupid. Someone knows every keystroke you make, every phone call you make or answer, every swipe of your credit card, the brand of toilet paper you buy, the speed at which you drive your car, the content of every email, etc. ANYONE can find out exactly who you are, your address, your social security number, etc. simply by spending a few pennies. It's a simple thing.
But whatever. Cheers.