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Qualstar Corporation (QBAK)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.40000.0000 (0.00%)
At close: 09:35AM EST
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  • H
    Harry
    Quarter was better than it looked. Revenues fairly strong. And the 10Q said there was a 1-time writedown of $190K that hit gross margins. Without that 1-time writeoff in the power supply segment, Q2 earnings would have been .09/share. Would have been a decent sequential improvement on the top & bottom lines from Q1, even with the weakness at power supply. Sounds like things should get better in this segment. CEO comment from the Q2 earnings PR:

    “We are actively taking steps to address the challenges in the power supply business, including product expansion, and pursuing new strategic partnerships.”

    Unlike power supply, the data storage division (which normally accounts for all of the profit) had an excellent quarter. Almost as strong as last year when the stock was in the $8's. Data storage should keep on growing, with possibly a big bump next year when they introduce that optical disk product through their Sony partnership.

    QBAK has been buying back their own shares. They bought a chunk of shares in May, some as high as $6. I'm guessing they will continue to buy shares down here at the 52-week low. The lower share count should enhance EPS going forward.

    QBAK has a great balance sheet with about $2.30/share in cash. With Q2 earnings of .09/share (minus the 1-time) and $2.30/share in cash, I think the stock is quite attractive below $4.50. This low floater should be good for a bump to at least the $5's in the coming months. Comps will soon get easier and QBAK has the potential to post .20+ quarters. Stock will be a double or triple from here if that happens.
  • P
    Pontiac
    Amazing--good earnings and record sales equal lower stock price. Defies all the rules of investing
  • a
    arman
    Maybe hey are windowdressing financial statements to look worse than they are to buyback the shares cheaply
  • a
    arman
    Think will look at the next quarter earnings. If positive will buy 1k-2k worth.
  • P
    Pontiac
    CEO continues to buy. Purchases on 9-5, 9-6, and 9-9. Stock should rise with this bullish signal.
  • P
    Pontiac
    great action today. Somebody is coming to the party. 4th quarter must be spectacular. Will not announce util late March or early April. By then the 1st quarter will be completed but won't announce till mid May. I think current price action is because this quarter is doing very well. Current CEO is very capable and plans to make Qualstar a 1st class company while he makes himself a millionaire,
  • P
    Pontiac
    Stock down on good news. Stock should go up--Sony product will bring record sales and earnings next year. Smart money should begin buying around thanksgiving.
  • C
    Chase David
    what is going on with this one? I understand the market is flat across the board, but I didn't see all this negative action happening to this extent here.
  • P
    Pontiac
    Ready for take-off. Jumped on this in a big way. Long consolidation of 4 months indicates a price target of 14.
    Bullish
  • H
    HSV83
    Bronson speaks to NobleCon on Monday, which should revive the share price, as the press release has already announced that he has good news to announce.Greetings from Germany
    Bullish
  • R
    Robert
    I predict this company goes dark and CEO ends out stealing it!
  • P
    Pontiac
    what's wrong with this picture--higher earnings--higher sales plus good news==lower price for stock.
  • P
    Pontiac
    We are on our way to new highs-- earnings due very soon--will blow away sales and earnings.
  • t
    thomas
    Should I sell or buy more?
  • P
    Pontiac
    Address has changed during quarter. New larger facility and sub=leasing old location explains low earnings for 1st qtr. Moving charges experenced in 1st qtr and relocation chargers. CEO bought heavily in 2nd qtr to prepare for increased sales and profits American Bull says stock looks like it is being set up for a big move to the upside. GLTA.
  • P
    Pontiac
    CEO bought again on Thursday and Friday during the 650 point decline. He loves the stock if investors are indifferent.
  • P
    Pontiac
    Stock selling at 12.00 --good earnings stock falls to 9.00-good earnings again stock falls to 7.00--good earnings again falls to 5.00--if we get good earnings and sales again will the stock fall to 3.00 and then slowly disappear? Defies logic.
  • P
    Pontiac
    140,000 dollar bonus for hitting sales and profit targets for 2018 to CEO Bronson. Means 4th qtr earnings already known to trigger the bonus. Stock price does not reflect the value of this company.
  • H
    Harry
    Great news on the large share buyback! $2.4M is about half their cash position and significant for a company with a market cap below $10M.

    https://finance.yahoo.com/news/qualstar-initiates-2-4-million-212000742.html

    Hopefully they start buying aggressively as this stock is ridiculously cheap in the $4's. QBAK has a fantastic balance sheet with $2.40/share in cash and they have trailing 12-month earnings over $1/share. Maybe if there was a group manipulating this low floater down from the short side, they'll now be forced to cover.
    Qualstar Corporation (NASDAQ: QBAK), a leader in providing tape-based data storage solutions, announced its Board of Directors approved a stock repurchase program for up to $2.4 million of the company’s outstanding common stock. The actual timin
    Qualstar Corporation (NASDAQ: QBAK), a leader in providing tape-based data storage solutions, announced its Board of Directors approved a stock repurchase program for up to $2.4 million of the company’s outstanding common stock. The actual timin
    finance.yahoo.com
  • P
    Pontiac
    Big volume today. Think company was buying shares back due to fire sale pricing. Think longs will be rewarded in next 60 days.
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