Air Industries Group (AIRI)

[gladeshawk]

Correction 20x

[gladeshawk]

"IF" that .50 is correct, then anything under $5.00 is "dirt cheap". At a conservative 10x EPS we are talking about a $10.00 PPS. HAWK

[Hasy1]

Adding more here with projected yearly earnings of $.50.

[Hasy1]

Looks like the anticipation of next quarters earnings numbers are starting to take hold. The company has indicated that numbers should be significantly better. $.50 or better on a yearly basis with additional contracts in the works. At a PE of 20 that’s $10.00. Way under valued here.

[Hasy1]

What a joke. Hardly any shares sold for $1.70. Twelve whole shares. You must be a newbie for sure. $20.00 buyout this year.

[Brian Smith]

Oops!! Looks like it’s going the opposite way. maybe things will change in pre-market trading Monday but I doubt it. Talking about new contracts that hardly ever happened, and blaming Covid supply chain problems on these threads for years is not gonna make the stock go up. The ship is and has been sinking for a long time now.

[Brian Smith]

At least you got some of the quality expensive shares instead of the cheap ones that are now available

[gladeshawk]

Panic selling after earnings down grade. Need to get more info. May end up being a buying opportunity.

[Brian Smith]

Down 57.19% in after hours trading!!! Holy crap!!! Looks like it’s time for you guys to load up.

[Hasy1]

Hope it doesn’t become a flipper. I’ll wait for the buyout sometime next year. Hugely under valued.

[Pat]

This is acting like a yoyo. I wish it had more volume. It might return to the days when it was a reliable and frequent flipper.

Pat

[Hasy1]

Bought more shares as the rise begins. $4.00 very soon.

[gladeshawk]

And now back to BUY.

[Pat]

Looks like AmericanBulls flipped to the short side today.

Pat

[gladeshawk]

Expected news on contracts, but new equipment news is good too.

[gladeshawk]

Date of post.

[Pat]

Is that a new buy recommendation by AmericanBulls?

Pat

[gladeshawk]

AIRI> AmericanBulls has it as a BUY. Just a FYI.

[Hasy1]

Buyout possibilities soon with this so cheap. $20.00 buyout price very doable. If earnings are not a dud next quarter looking for management to look at all possibilities.

[gladeshawk]

A dip down into the $2s and I'll be loading up. Undervalued, imho. HAWK

[gladeshawk]

As expected, earnings/revenue improved over previous qtr. Moving in the right direction. C.C. after market close. I cannot be available to hear. If anyone is able to listen in on C.C. please post thoughts. HAWK

[gladeshawk]

Chart. Been trading the drops and pops to make some $$s while waiting. Looking for a "dip" below $3.00. Undervalued can get really undervalued. I think we have seen the last of the inventory write off problems. TWT HAWK

[Brian Smith]

Do you really think so??? Whatever would give you that idea??? I can’t believe this ship has not hit the bottom yet after all these years of sinking into the abyss.

[gladeshawk]

Hope you are right, but still looks like there could be a bit more down. TWT. HAWK

[Hasy1]

Never happen as long as there is so much international discourse. Too many contracts out for bids at present. As contracts get signed the PPS will improve.

[gladeshawk]

Maybe bidding below $3.00. Could be something more than inventory/supply chain issues??

[gladeshawk]

I hate to say it but a drop to $3.05 could happen with a coming market correction.

[gladeshawk]

IF they have the inventory problem worked out, we should have the next qts. numbers by Aug. 15th.

[gladeshawk]

They have to get the supply chain problems solved. Bullish long term, but could be dead money for the next qtr or two. TWT. HAWK

[Hasy1]

Great future laid out by all. Give it three quarters.

[gladeshawk]

Just reviewed the C.C. on Seeking Alpha. Now we know why the numbers were late. Also, the one time write offs effect on bottom line. If the supply chain ever gets straightened out they will show nice profits. Margins around 17% and maybe higher next year. Best thing, Pete's back. HAWK

[gladeshawk]

Numbers a little bit worse than expected, but NOT a disaster. Need to listen to the C.C. after market to get a better view of what the future will look like. HAWK

[AJ Freely]

$AIRI - Up 11% Pre-Market/ Current Price $3.99
Receives Two Contracts Totaling $5.2 Million for US Navy E-2D Aircraft and F-35 Joint Strike Fighter Components

[gladeshawk]

Numbers?? C.C. Wed. after market. Should be interesting.

[gladeshawk]

Inventory problem should have been settled by now. Trying to get more info. IF they have to restated past earnings PPS is going to tumble. If I get any info I will post. HAWK

[gladeshawk]

Numbers due today after market closes. I hope they are no worse than the same qtr. last year. Getting rid of that losing contract will help big time going forward. TWT. HAWK

[gladeshawk]

Some good info on S.I. if anyone is interested. Just a FYI.

[gladeshawk]

It's definitely about inventory. They have included a disclaimer in their filings. I heard they have a new supplier lined up. As I understand it the problem is with getting raw materials for turbine blades. They are a high margin product. Production shifted to other product so no down time. Also heard about another new machine. I'll see what I can find out next week. For now I am putting in below market bids. So far no shares bought. HAWK

[SilentWolf]

Hawk, I'm speculating, but I believe their problem is with inventory, and potential raw materials from banned companies. You can read the filing where they disclosed that problem. They don't know how to account for their inventory. I think they are using the auditors as a scapegoat. The real problem is their suppliers can't definitively account for their sources. Me, I will stay on the sidelines and wait.

[gladeshawk]

Getting frustrating. New auditors should be fired. Delays make company look bad. I will try to get some info. Will post updates when received. HAWK

[gladeshawk]

Update. New machine coming in. No details. From Bloomberg today, about a 5 year backlog on new commercial airplanes. Same for the engines. Add in replacement parts for engines and AIRI backlog will grow. Also, could be as many as eight new helicopters coming. Add in spare parts for existing craft and AIRI backlog continues to grow. I speculated shares were put on the market to pay for new machine. Supply chain being fixed. IMHO, future looks bright. HAWK

[gladeshawk]

Update from a friend. Dates now 19th or 20th. Reason is new auditors are being extra diligent after previous run in with SEC. So we just have to wait. No problem with AIRI. Just slow auditors.

[gladeshawk]

Now showing Wed/Thurs next week. 14th or 15th. ???

[gladeshawk]

Numbers, Wed/Thurs. Not long to wait. Hopefully things run smoother with new auditors going forward.

[SilentWolf]

Have a good day Hawk. I'm just a sideliner for now and watching.

[gladeshawk]

I see what you mean. My point is the end of year includes all Qs. Try calling the company. It looks like the 3 Mil. authorized will be or has been hit. PPS holding up fairly well considering. Somebody is buying those shares. I am waiting for a response from my friend. Asking the same questions you are asking. I'll post any info I get. HAWK

[SilentWolf]

Hawk, respectfully you are missing my point. Their past 10Q's were all unaudited. You are talking about the 10K, which did need to be audited.

Very rarely do you see a small company file an audited 10Q, because they aren't required to, and it is expensive.

The company revealed in the last 10K, they would need to raise cash, and yes, I believe the recent volume is likely an equity raise by the company, although that is just my opinion.

The 10Q auditing statement is not my opinion, but based on fact.

[gladeshawk]

While waiting for the auditors the company filed as "unaudited". So you are correct. To get clarification call the company. As for shares, I was just getting ready to call my friend about that. They had about 1 Million authorized so it could be they are selling those. Max shares is about 3 Million. I know you are not trying to be a jerk. If I came across too strong, my apologizes. I'll post if I get any info. Still, try calling the company and see if you can get thru. HAWK

[SilentWolf]

Hawk, I'm not trying to be a jerk here, but they are feeding you line of crap. Look at their past 10Q's, they say right on them they are unaudited, and why would they be? 10Q's don't have to be audited by independent auditors. Look it up if you don't believe me.

Also, where are the shares coming from for all the volume pre and after market? The stock only has about 2 million in the public float? That is something you should be asking, if you are a shareholder. If it was happening from existing shares, you would see some drastic movement in price up or down.

[gladeshawk]

Not sure what you are talking about. Numbers ARE audited. Info I have is that the old auditor was bought out. New guys picked the largest customer to review processes. They will be up to date next week per my last post. Have you called the company? Give it a try and let everyone know what you learn. TIA for any info. HAWK