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PCTEL, Inc. (PCTI)

NASDAQ Global Select - NASDAQ Global Select Real Time Price. Currency in USD
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6.155-0.145 (-2.302%)
As of 12:54PM EDT. Market open.
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  • C
    Commandor58
    Commandor58
    Once the debt ceiling is raised, the Treasury dept is going to be issuing massive amounts of bonds. Couple that with the FED shrinking its balance sheet and you have a formula for the US 10 year bond going from 2.20% to 3.00% by Nov-part of my macro bearish view that the SPX has to sell off to 2300ish.

    Should the economy start to slow, as interest rate industries (autos and housing) feel the pressure, the FED may have to "overtly" ease by the 1stQ of 2018 to get interest rates lower.

    It is my view, the FED is already quietly easing, as monetary aggregates-the FED can directly influence-have been growing the last 7 weeks. FED easing in the 1st Q of 2018-gets the SPX over 2600 by the 1stH of 2018.
  • C
    Commandor58
    Commandor58
    Two major trends today are fighting for their life-but are both going to blow up. 1) Islam. Islam knows it is a a 7th century social contract, so has been obsolete for 1000+year. The terrorist actions of the last 30-40 years are the behaviors of a rabid animal killing all in its path before its own death. Sometime in the next 10-30 years, either the Qu'ran will be rewritten, eliminating the "death to infidels'' and other hate full or the the more moderate forces within Islam take control of the faith
  • C
    Commandor58
    Commandor58
    As predicted by me several years ago, when this venue took in longer posts that included deep analysis, what we had happen over the weekend in VA and NC is a replay of 1968's Democratic National Convention in Chicago, where unlawful criminal behavior is being passed off as legitimate social protest.

    It is my view that bouts of anarchy will continue with increasing frequency as the country is in a cold civil war-that sometimes gets hot. Much of our future history will parallel to Germany in the 1930s as "politically correct" forces act much like the Nazis did during that time. You could also include 1930s Italy as ruled by the fascists.

    Over time, as society rewards bad behavior-its values turned upside down-society will breakdown, government power will increase, taxes will have to go up and those, who live at the margin, will be inclined to partake in "anarchy" activities. Capital will retreat, recession will become a depression that last 5-8 years, while the rich retreat to their defensible enclaves.

    Good for gold/silver as the $ will collapse, the other safe haven will be MM funds as their yields will be 2-3% above inflation at near double digit yields.

    I don't think it is a matter of "if", but of the timing.
  • C
    Commandor58
    Commandor58
    So far, inventory bought below $6.00, as low #$%$70, is looking pretty good. Will buy more PCTI below $6.00 if the "market' gives me a chance.
  • C
    Commandor58
    Commandor58
    For the 3rd straight 2 week period in a row, the monetary base is up and up y/y-now at a 16 month high. During this 6 week period, the monetary base is up 5.7% or 49% annualized. Couple this with consistent decreases in the reverse repo and increases in the free bank reserves, in recent weeks (6 or 7), and you have a FED that is quietly easing.

    I still think the SPX is going down to 2300ish, but near that level stocks should be bought as this new "juice" will need to find "homes"-equities and commodities (oil, gold/silver) will be those homes. With the supply of $s increasing relative to Euros and Yen, I expect the DXY to continue to be flat to down-part of my bullish view for commodities.
  • C
    Commandor58
    Commandor58
    Some more good "news" today with VZ's press release that they will build "core" public service network to keep public safety users on their network vs transferring over to government subsidized network that AT&T will be building out-otherwise know as Firstnet. At the margin, greater wireless infrastructure spending is good for PCTI and WSTL.
  • 6
    60MMdownddrain
    60MMdownddrain
    Q: what does ------^....... remind you of? A: pcti's chart (in a good year)....

    Another "home run" by the "serial acquirer" discretely disposed of at a loss... In any case, it looks like the Doctor has become "senior" adviser at some theme park, which could not be more fitting. Little kids love a clown act with their babysitting...

    In the meantime, the new chief's Walmart wardrobe is at plain sight by now... as taught by his mentor, he blames one "business" and cheer another.... Unfortunately, it looks like he's running out of "businesses"....
  • C
    Commandor58
    Commandor58
    Nothing wrong with WSTL results today except one divisions gross margins were a little low. Net/net still at $2.40 of which cash/share is $1.50. Backout the net/net and the business is selling for (stock at $3.40) for $15.5 million or a PSR of .22-.24 depending on what sales $65 or $70 million you want to use for FY18.

    Business could earn $.20-$.40/share this year-stock should be closer to $5-$7. Net/net will increase over time and the PSR should move closer to 1 as FirstNet related revenues hit in calender 2018. If the momentum money moves in, like it did with PCTI earlier this year, then $7 is doable.
  • E
    Evets
    Evets
    Does it look like a 2.0 version of previous CEO?
    What a bad luck for PCTI,:bad environment, bad results, no clear message of what the future would hold for PCTI. Adding up to question on huge overhead in the scanning receiver unit; signs of caring more about the antenna unit. After the divestiture, would they be preparing to sell the scanning receiver business? Who might one that business? More questions than answers for investors, "analysts" and potential investors....Why is this company even in the stock market?
  • G
    Gene
    Gene
    Hi Commandor - would like to hear your thoughts on VIRT earnings
  • C
    Commandor58
    Commandor58
    Within the CDE CC, were comments there are no major silver mines coming on line in the next few years-I've read similar observations in other places. Silver production was down y/y in 2016 vs 2015 and will be down again this year vs last year and for the foreseeable future. Gold/silver ratio is trading its recent highs of the last few years, so the backdrop for silver is good in my view.

    I've got alot of PASS and AUY already, but did increase HL and CDE today as recent bad news on both will be forgotten-over time-when HL settles its strike and CDE reports 3rdQ results and reports on its exploration projects.

    Did buy some EXK too, as one of its 3 mines is having trouble, but two more will come on stream in the next few years. If mgt solves the problems at the one mine, they EXK will be a triple should silver hit $20.

    Bought some WSTL today as well-I think the "market" is missing the boat on this company-situation is very similar to buying PCTI around $4.50 late last year.
  • C
    Commandor58
    Commandor58
    PCTI will take a big charge for the 2ndQ as they have sold the engineering business. FY guidance will have to come down as well. Now the "market" could take it two ways by either applauding the final exit of the engineering business-which has been a drag on results or take the stock down as the "market" does not like lowered top line guidance.

    I'm going to go with the market selling PCTI off-I don't become a buyer until PCTI gets below $6.00.
  • G
    Gene
    Gene
    Commandor - what's your take on RRC?
  • G
    Gene
    Gene
    Commandor, u buying more OIIM? The price is below cash in bank (1.84 per share in bank). Am I missing something?
  • 6
    60MMdownddrain
    60MMdownddrain
    Under $6... Oldsmobile58 is "loading up" as we speak.....
  • C
    Commandor58
    Commandor58
    Just to start a conversation, I offer this thought. With the recent migration of Middle Easterners and North Africans into Europe and the reluctance of a large % of those to integrate into the EZ culture-the EZ is facing cultural genocide. I will go on to say, as I did 10-15 years ago, that WWIII has already started between the West and forces of Islam.

    I would put forth part of the problem is the massive over population of some of the areas-Middle East and North Africa-inducing many to travel to escape unsustainable economic conditions.

    Where did all the over population come from? I would say, "do-gooder" aid, both money and food, over the last 50 years-induced population growth greater than what those geographic areas could have done on there own. Point being, the misplaced generosity, by Europeans and American of years past, is going to end up destroying European culture.

    I would also add, that without aid, Haitians on their own, could probably only support, 1/2 to 1/3 the current population of approx 11 million that inhabit that piece of land. At some point, Haiti will have another crisis, just where are the extra 5-7 million people going to go? I sure would not want to live in the DR, South Florida or other close proximity place as the "fuzzy thinking leftists do-gooders" will demand the sacrifice of others-quality of life and culture-while they will be safe in SF, NY, DC etc., making others suffer from their dilutions of moral superiority.
  • G
    Gene
    Gene
    Commandor - any interest in HLIT? It is below $4. What is a good price to get long? Thanks
  • b
    bb06
    bb06
    Question for Commandor? VIRT just had a large IB of $99M/$15.60pps by Temasek Holdings. Was this a PP? VIRT just closed on KCG deal should be a positive going forward? TIA
  • C
    Commandor58
    Commandor58
    The FED has reversed and is now "easing".
    M2 up $100 billion vs prior week
    Balance sheet up $10 billion
    Reverse Repo down (good) $27 billion
    Free Bank reserves up $11 billion
    Monetary base up $121 billion and up y/y for the first time many years.

    The FED has recognized the macro weakness and funneled "juice" into the economy-they know they cannot continue to tighten in the face of softening data. The big questions will be?
    1)How long will they do this?
    2)How long will it take the economy to respond?

    In the interim, we have some market indicators on the recent liquidity injection.
    1)The DXY is at 15 month lows and
    2)The broader stock averages continue to melt up

    This backdrop, if the FED stays the "easing" course for a few weeks/months will good for gold/silver, other commodities and stocks.

    Given ADTN's excellent response to recent earnings news, the "market" is starved for ideas that have not already been played. If WSTL, and KTCC can offer up good numbers and/or guidance-they will rocket.
  • B
    Bonita
    Bonita

    I also received an alert for $PCTI from http://jcharlesassets.com/opiant-pharmaceuticals/?s=PCTI , any ideas? Day trading investing. "hhse"

    Best MicroCap, Small Cap and Emerging Stocks to Buy - J Charles Assets
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