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PCTEL, Inc. (PCTI)


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6.420.00 (0.00%)
At close: 4:00PM EDT
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  • WSTL was originally going to report after the close today, but did so before the open. They made $.02/share non-gaap on $15.4 million in sales-breakeven is generally around $15 million. With net/net at $.60/share, the business is almost selling for free. I bought 80,000 more this morning at $.64-$.68/share.
  • W?R to KTCC. There has been a consistent seller since latest earnings report. With about 15,000 crossing in the low $6.80s, it appears that seller is now completely out. I picked some at $6.82, the intra-day low was $6.81, so with 34,000 shares trading yesterday, 5/17, that may have been KTCC's selling climax. Would love to see some insider buying in the coming weeks.
  • Hi Commandor. Could you give me your thoughts on IVTY? As always thanks. I may buy some.
  • Currently, the "market" cares little that the Chinese bond market inverted, the 5 yr got to 3.71% vs the 10 yr was at 3.68. In any case both 5yr and 10 year are at 40 month high yields since 1/14. Bottom line, the PBOC is tightening and that should put a damper or world aggregate demand-at the margin-hence why commodities have been so soft in recent weeks.

    Optical stocks have been warning about soft Chinese demand for the 2ndQ-I suspect that softness will broaden to other technology sectors.

    Took gains in KVHI today at $9.85-2ndQ guidance was too soft for me. Will be a buyer again under $8, after insider buying.
  • Macro call

    CPI data for April was actually quite weak at .2%. If it weren't for a tax increase of smokes in Calif., it would have been it would have been .1%. Also, core CPI ex-shelter was up only .75%. If ex-shelter/health could be measured, I suspect it would have been close to 0. The point I'm making is the consumer has little purchasing power outside of the necessities-shelter and health taking up a large % of spending to the exclusion of everything else.

    In recent weeks/months:
    1)Loans have been flat to lower
    2)Commodities indexes down 5-9%
    3)Oil net down

    This is all in an environment where last year inflationary pressures were building as oil prices doubled off the 2/16 lows and China fiscal and monetary stimulus. So, going out from now through early summer y/y CPI comparisons will get narrower with perhaps a print of 1% y/y CPI, core or headline, after the FED increases rates next month to 1%. This is going to set off:
    1)Bond market rally
    2)Deflationary scare
    3)Profit scare as top line forecasts will be in doubt-SPX sell off 100+ points
    4)Perhaps a weaker $ as our interest rates fall while Euro-Zone rates flat line or go higher-there are still a few countries that have bonds with negative yields.

    At that time, late summer/early fall, the FED will panic to add liquidity, so will the PBOC. Stocks, commodities will all get much stronger as inflationary expectations will quickly return-partly because the FED will be adding liquidity while the DXY is at a much lower level. The SPX will make new highs above 2500, gold/silver will rally big all will be fine for a few months until the inflation numbers get above 2% again y/y-putting the FED back in play to tighten. When the FED does tighten, perhaps early 2018, then we get a 30% sell off in stocks.
    If I'm right, we will see, in the coming weeks:
    1)TLT rallies into mid 120s
    2)10yr-2yr goes below 100
    3)DXY down below 97

    As always, just one man's opinion.
  • what? pcti paid half a million for an IP phone system. They could have done it for $50,000 for company this size. don't they have half the people in China? They don't understand technology.
  • What a bloodbath... no wonder "management" did not pay (their own) bonuses in pcti shares... in the meantime, suckers were content buying the hype and the rumors....
  • isn't the doctor still taking a 315k salary with benefits for not showing up? if he didn't draw a salary, there could have been a profit.
  • Well,well. For those of you who could not hear the call (link didn't work) here is the summary/translation:

    * As usual, antennas is going nowhere but at least it's not going down right now.
    * We had a couple of one-offs in scanners and are praying everyday that they repeat.
    * Following the doctor's tradition, we needed a scapegoat, namely services. They better "rectify" by Q3 or else! Did you guys notice how many times we said rectify? LOL
    * We are switching to flex-work:i.e. more layoffs on the way but you guessed it right, never at the top...
    * Our "great" future is now small cells and firstnet. No more 5G (sorry Oldsmobile58) or that DAS explosion (sorry Doctor)
    * Dear investors, please rest assured management has your best interested at heart. How else would we find the time to buy a new $500K phone system in the middle of all this?

    All in all, it can be said that the doctor did unfortunately leave a sort of "legacy." Not too mention all the "buddies" still there: operations v, product mg, marketing dr, sales v imported from the middle east for no other reason, etc.

    The doctor may continue his rumors to unload the suckers' expense but "make no mistake" this is a dog. Pure and simple.
  • So much for Zacks rank #1....
  • Commandor- you still a buyer of OIIM under $2?
  • I have to give it to Oldsmobile58. For once, his "forecast" is close to reality. Today's pcti close price had a big "6" in front.

    It should be pretty clear to anyone by now that Oldsmobile58 is in the same business as Zacks and the hot-potato-dumping doctor: hype, dump, repeat. It is up to the suckers like sh-bag to give them their money. By the way, it's indeed "funny" how sh-bag disappears.

    This is a snapshot of Oldsmobile58's outstanding record just this quarter, and in the absence of any public performance information by pcti. You can reach your own conclusions...

    * TODAY ($6.91): "[What price would you buy pcti?] At this time $5.50"..."there is a lot of hot money that has to get out of pcti"
    * LAST NIGHT (~$7.7): "I would expect the stock [pcti] to sell off, perhaps below $6"
    * 2 WEEKS AGO (~$7.7): "I am out 90% of pcti"
    * 19 DAYS AGO (~$7.7): "Looks like pcti is in play"..."COMM and APH are the two companies"
    * 1 MONTH AGO (~$7): "left to its own devices"..."pcti would see double digits-perhaps mid teens"
    * 2 MONTHS AGO: (~$6): "At 14% compounded growth"..."[pcti] should deserve"..."a stock price of $18-$25"
    * 3 MONTHS AGO: (~$5.6): "perhaps a "mole" learned of excellent fundamental "news" that is yet to become public"
  • PCTI soft 2nd Q guidance, if I heard the CC correctly-$23.5-$24.5 million revenue with EPS of $.03-05. Last year rev was $24.2 million/EPS of $.08.

    I would expect the stock to sell off, perhaps below $6.00-if the broader averages in the coming weeks, sell off as well.
  • Question for Commandor...do you still own SWIR? It's only gone up since your mention over 100%+
  • I wonder if the below is related to tooling up a dedicated line for SMART Technologies (I think that was the name?) a year or so ago?

    "PART II. OTHER INFORMATION:
    Item 1.
    Legal Proceedings
    We are involved in various legal actions arising in the ordinary course of business. During the second quarter of fiscal year 2017, the Company commenced the arbitration process with a former customer related to amounts we believe should be reimbursed by this former customer based on the terms of the manufacturing agreement." -- KTCC 10Q
  • Look who's back...Dbag60 whom missed the trade from $4 to $8 and now finds the time to mouth off. Pathetic really...PCTEL was right to can your divisive #$%$. That was a big win all in itself.
  • scary scary crashbelow $5 coming couldget downgraded anyttimenowe ,getoutout beforeveru one star to sell and dump dump their sharesbelow $5 bevery very afraid to loss alotlot more money
  • Commandor, I would like your thoughts on HLIT? Earnings were below streets forecast. You still a buyer under $5? Thanks!
  • KTCC moving today...would like to see a bit more volume.
  • Commandor...wrt KTCC, any thoughts on the $50 million new program ramp up Gates alluded to in the last CC? Is KTCC finally going to hit that "rate of new programs overtakes rate of expiring programs" inflection point this year?