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Hummm, The CFO and VP left on March 31, not because of a disagreement with the Company. Not sure how relevant this is.
GO AEY$
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Wow, an 8-K Just came out on AEY right now, I didn't even read it yet! Going to read it now, I hope it's good since I just got in yesterday.
GO AEY$
$AEY
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Not all 5G stocks have been held back. AVNW is a big winner for me. As they've had stellar financial results the past 2 quarters. Stock is fairly valued now though.
I am invested in a sub penny stock that I made a huge amount of money on. Re-investing some of that money in different tickers and mutual funds. I kind of like this one, even though in a way it's partial competition of my sub penny stock. Check out this video if you have time, the FCC has been the reason IMO of why these 5G stocks have been held back. Mainly because of the silent periods. Now they will be the reason they should bounce up high:
Could work out. I think AEY will report better numbers for their fiscal Q2 next month. But they've struggled on the bottom line for many quarters now.
Not that it matters. Broader markets getting super frothy again. Look at ACY yesterday. Huge move on huge volume. And they declared bankruptcy on Monday! Makes no sense at all why people would chase that up 200-300%. So AEY could catch fire on the right PR. Maybe you don't even need a PR in this euphoria.
I don't know about then, but I got in yesterday. I think this at a bottom. Any thoughts?
GO AEY$
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$AEY
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Any particular reason for the nice pop today? AEY has nearly doubled the past couple weeks. On no news. Market sure is frothy!
No talk on this board today with this POP? I for one am excited and hope it continues!
Market has gotten so frothy, don't need a reason anymore.
Does anyone know what is making this pop today?
Those Form 4 filings are misleading. Makes it seem like they were buying shares. When actually they just gave themselves stock awards. Very generous of them!
Hope it works out. This is a garbage company. But the markets are so frothy...one PR from them talking up 5G and it will probably double. Good luck!
Looks like manangement believes in what they have.
5G is already a big thing. Problem with AEY is the "growth" they showed last year was all from an acquisition. Now they will struggle to show any top line growth. And their bottom line stinks. Quarterly losses range from minimal to sizable. But the stock market is currently at a level of frothiness I haven't seen since 1999. So maybe AEY will get another pump before it crashes on the next earnings report disappointment in August. Good luck!
As 5G becomes more prominent AEY will supply the market with equipment to handle the load. Satellites, Cell towers and 5G equipment suppliers is where its at.
Wireless Infrastructure
https://www.addvantagetechnologies.com/
Yeah now we have a new pump & dump on AEY. From the $1's to the $4's just since last Thursday. What has changed with the company since then? Nothing! Not sure who would chase AFTER this parabolic run on no news...before the inevitable crash back to the $1's. Talk about playing with fire. It's totally insane. I'm sure the company is scrambling to do an offering at these wildly inflated prices, as per their prospectus filed in April:
https://www.sec.gov/Archives/edgar/data/874292/000144526020000042/prospectus.htm
Looks like no one has been here since the last pump and dump in Feb.
DOULE UP COMING FROM BOTTOM $$$$$$$$
not too bad for past 2=3 days trading haaa clibmbing toward $9 up ??
* * $AEY Video Chart 02-24-2020 * *
Link to Video - click here to watch the technical chart video
* * $AEY Video Chart 02-20-2020 * *
Link to Video - click here to watch the technical chart video
Yeah nice call! I don't get it at all, especially after that disappointing earnings report last week. But guess lots of trash stocks are flying in this market euphoria. AEY is sure to collapse back to the low-mid $2's at some point (maybe when they announce the offering), but this pump & dump seems to have legs in the short-term.
Ha based on what?? How do you explain another disappointing earnings report last week? That's 4 in a row since the Fulton acquisition. Revenues were up because of the acquisition. And that was the last quarter they will show that kind of "growth" because that was the 4th quarter with Fulton. The comps will now get MUCH tougher.
Revenues dropped off sharply from the prior 3 quarters. Partly because of seasonality. But the current quarter is the seasonally weakest. So the next earnings report will be another ugly loss.
AEY has a broken business model. They sold off their profitable cable business. Telco is unprofitable and showing little to no growth. Fulton could see a bit of growth with 5G, but it won't matter because their gross margins are so terrible. They're just never gonna show profits with such poor gross margins. That's why AEY was able to buy Fulton last year for $1.3M. Probably right before they declared bankruptcy. Do you really think if they had something, they would have sold it for a tiny fraction of revenues?? Of course not. Because they know it's a broken business.
AEY keeps losing money. They talk a good game...every quarter we hear about all the top & bottom line improvements coming...then a few months later we get the earnings report and it's like what the heck were they talking about. Classic overpromise and underdeliver.
Last week they also told us they're going to need to do a capital raise soon (no surprise as they're continuing to post losses and they're almost out of money). What will those shares be priced at? $2?
I'm amazed the stock is still holding near $3. Big run this month. For absolutely no reason at all. But I guess the stock market is extremely frothy and lots of junk is flying. When you see that kind of action, you're getting close to a market peak.
1y Target Est 7.60
I just read this article. nicely done for AEY. Now that 5G is becoming known to the world these kinds of articles are hitting the internet for many companies that the general investor would've not heard about. SQNS, INSG, etc. They all support 5G in some way or another.
5G will be a fun ride.
cheers FX
one of 5g trek company haaaaaa == may be $coming
=============== HUGE POTENTIACL TOWARD YEAR 3038==
Earnings tomorrow after the close.
Expect positive news!!!!! Aahy!
O/S 10m with 55% insider owned...once the mainstream finds this gem watch how quickly this runs to $5 area...
my be, I didn't find anything
Yeah great day! Did AEY get a newsletter pump or something? Markets have been hot lately...so maybe it's just momo traders jumping in at the new 52-week high on strong volume.
$2.10 on nice volume
Glad to hear it. Still like the looks of this one. Think you can hold AEY til next year and not sweat the day-to-day stuff.
As for earnings tomorrow, should be a good report. Revenues will look great thanks to the acquisition. Bottom line probably not too impressive, but should show a healthy improvement vs. last year. I'd be happy with a breakeven quarter. And hopefully continued optimism on the CC.
Stock has had a solid run in recent months. I've trimmed a few shares in case we see a dip short-term. The broader markets are looking a bit treacherous.
I bought into AEY after you first posted over on the savvy board, Thanks for the tip.
Earnings are tomorrow before open, I'm planning on holding as I'm in low enough to get out if it drops. I'm hoping for some news on new business.
Any thoughts? TIA
AEY UP 44% OVER LAST 3 MONTHS WILL MOMENTUM CARRY ON?
ADDvantage Technologies Group , Inc., through its subsidiaries, distributes and services a range of electronics and hardware for the telecommunications industries. The Company operates through Telecommunications (Telco) segment. The Company's Telco segment offers its customers a range of used telecommunication equipment across various manufacturers consisting of component parts to expand capacity, provides spares or replaces non-working components. The Telco segment's switching equipment products originate, terminate and route voice traffic. Its central office equipment includes optical, switching and data equipment on a customer's communication network. Its data equipment products transport Internet and voice over Internet protocol (VOIP) traffic through routers. The Company also offers customers decommissioning services for surplus and obsolete equipment, which it then processes through its recycling program.
SHORT INTEREST
6.2K 07/15/19
P/E Current
-2.50
P/E Ratio (with extraordinary items)
-2.14
Great news this morning. Today's pop just a preview of what's to come. Wait til AEY gets pumped as a low float 5G play. Can fly to the $2's, $3's, $4's. After watching ELTK this week, who knows maybe higher than that!
From today's PR:
Joe Hart, President and CEO of the Company, stated, “The sale of the Cable TV segment is a milestone for ADDvantage, which will allow us to focus our capital and resources on our expansion strategy in the Wireless Infrastructure Services and Telco segments. The transaction also provides us with an infusion of cash to allow us to capitalize on the major growth opportunities in the industry, as wireless and fiber networks continue to expand. We believe that the recent positive results of our Telco segment, led by Nave Communications, demonstrate the success of the Company’s new strategy shift. Triton Datacom is nearing the completion of its new facility in Pembroke Park, FL, which will provide additional space for expansion and process improvements. We are also excited about the revenue and profitability growth at Fulton Technologies, which has now moved beyond its integration period and is on track to contribute positive results in our fiscal third quarter, as evidenced by its profitable April results. ADDvantage Technologies is now entering a new chapter, and we are delighted that 76% of our shareholders participated in this shareholder vote with 99% of those voting in favor of the proposed sale of the Cable TV segment.”
News: $AEY ADDvantage Technologies Group, Inc. Shareholders Approve Sale of Cable TV Business
BROKEN ARROW, Okla., May 30, 2019 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (“ADDvantage” or the “Company”) announced today that its shareholders voted to approve the sale of the Company’s Cable TV segment at the Special Meeting held on May 2...
Read the whole news https://marketwirenews.com/news-releases/addvantage-technologies-group-inc-shareholders-approve-sale-of-cable-tv-business-8269398.html
News: $AEY ADDvantage Technologies Group, Inc. Announces Financial Results for the Fiscal Second Quarter of 2019
BROKEN ARROW, Okla., May 14, 2019 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) announced today its financial results for the three and six month periods ended March 31, 2019. “Rev...
In case you are interested https://marketwirenews.com/news-releases/addvantage-technologies-group-inc-announces-financial-results-for-the-fiscal-second-quarter-of-2019-8181152.html
I've been buying. But the constant large blocks on the ask is puzzling. When AEY offers limited downside since they sold their cable biz & associated buildings for MORE than the current market cap. We're getting the growing telco business for free. Acquisitions going to give AEY some strong revenue growth in the coming quarters. And we've got hype potential with 5G. Not sure what sellers down here are thinking. AEY could be in the $2's or $3's later this year.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147324097&txt2find=aey
AEY took a starter today
good luck
https://finance.yahoo.com/news/addvantage-technologies-signs-agreements-sell-123000964.html
Keep an eye out for earnings Feb 13 growth every quarter
https://finance.yahoo.com/news/addvantage-technologies-group-inc-report-130000617.html
Keep an eye out for earnings Feb 13 growth every quarter
https://finance.yahoo.com/news/addvantage-technologies-group-inc-report-130000617.html
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