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I bought 10000 shares.
You the big buyer today?
Bought more today. Fair value today is about 4x current price and even that is conservative.
uplisting not likely imo - has been mentioned via the company back in 09 before 1st investor rip off and then again before this last investor rip that also included a very significant r/s which filings indicated was allegedly done for the uplist but clearly didn't help them to meet all requirements etc. etc
Swapping out 3 directors.
Gives them a majority of independent directors which they call out in the press release. That could be an indication they wish to uplist which would certainly be a positive.
http://www.investorpoint.com/stock/OPXS-Optex%20Systems%20Holdings%20Inc/news/5051004918928685/
lol people have been saying this will be a big winner for years and still trading around 01 cent levels (pre r/s etc, etc)
Always good to buy a stock with strong fundamentals but a very dead chart! At some point it will wake up and then in two blinks you have a 5 bagger!
Nice to see the price firming with some buys today. I’m betting it sees 2 again before the next earnings report.
I really know nothing about Optex other than the trailing performance numbers. They were enough to make a value guy like me dip a toe. I will likely keeping adding here and there for the next few months. Hopefully sell some in a year or two.
Glad to see a refugee from the VTSI board.
I picked up a few yesterday and got filled at 1.54. I think this news is important but I am not expecting an immediate impact. Most likely any traction from breaking into Europe is going to be at least a year away.
The simpler story is we now have a 5 year growth trend with backlog indicating further growth while trading at what seems to be a modest PE despite last quarters clunker.
In a way you are correct and in another way incorrect!
Yesterday's news did cause me to take another look at the stock as I have been periodically glancing at it for about 6 months now.
After looking at everything, I decided to start buying some shares yesterday.....and a few today....and and and. That is why it blipped up. Not meaningful though.
The stock sure seems way too cheap to me.
Well that explains the run up today. Sweet!!!!
Once again I should have bought more at the dip.
OPXS partners with G&H to sell into Europe
https://www.accesswire.com/557171/GH-Announces-Partnership-with-Optex-Systems
I saw that and GD-got another 2 billion for world wide security (communications stuff), nice to have ones ( OPXS ) customer (GD) getting solid new order news.
Yep Taiwan sale should mean business for OPXS
They supply the abrams program. Surprised this is still barely over 2 with that monster quarter they just reported and backlog that suggests next quarter will be in the same ballpark.
Correction - catching up on China news sources now and newer numbers posted below
"Around 59 per cent of the US’ imports of rare earths – which are critical for consumer electronics and military equipment – came from China last year, according to the US International Trade Commission..." https://www.scmp.com/news/china/diplomacy/article/3013227/us-moves-reduce-reliance-chinese-rare-earth-exports-after
Know there has been talk about reopening our worldwide source rather than relying on about 80% of these rare earth minerals from China but if China does use this trump card then will definitely put a damper on things until we get problems with toxic waste in our water etc sorted out.
And 'possibly' some rev's from this assuming it goes through:
https://www.itv.com/news/2019-05-25/donald-trump-to-bypass-congress-on-7bn-saudi-arabia-weapons-sales/
No faster way to wreck things than to turn a maniac loose in China shop.
Good write up on that link, one thing I have read, not in that one, is that most of China's rare earth production goes into products made in China, like magnets for motors, electronics, cell phones, and a reduction in sales of end products made in China will hurt China suppliers top to bottom.
I never thought stirring up trouble with a hornets nest was very smart.
And More good news for $OPXS, as they supply optics for these to GD
U.S. preparing $2B-plus weapons sale to Taiwan - Reuters
Jun. 5, 2019 3:12 PM ET|About: General Dynamics Corporation (GD)|By: Carl Surran, SA News Editor
The Trump administration is pursuing the sale of more than $2B worth of tanks and weapons to Taiwan, including 108 General Dynamics (GD +1.8%) M1A2 Abrams tanks and anti-tank munitions, Reuters reports.
Such a move likely would anger China's government amid the current trade war with the U.S.
The U.S. is the sole arms supplier to Taiwan, which is seeking to refresh its existing U.S.-made battle tank inventory which includes M60 Patton tanks.
Was wondering when China would get around to using this "trump" card and was surprised they didn't use it soon after the USA initiated this bogus trade war to try to stop their 2025 plans.
Here’s why China’s trade war threat to restrict rare earth minerals is so serious https://www.cnbc.com/2019/05/30/heres-why-chinas-trade-war-threat-to-restrict-rare-earth-minerals-is-so-serious.html
Bad news from No Korea tonight may rally us here if the Devcon I Mexico/China/Trump tariff war news tonight does not crash the world markets and drag us down with the other stocks
1.2 million dollar order
Surprised this wasn't highlighted here.
http://www.investorpoint.com/stock/OPXS-Optex%20Systems%20Holdings%20Inc/news/5465796671452921/
More importantly backlog is a robust 26.3 million.
I am sure that you do realize this thing is still very far away from that $14 high back in 2015 which was actually 04. cents (pre r/s) and it is technically still trading well under .02 cents ($7) & that slight uptrend is not at all uncommon - used to range between subber land & 02 cents before the split. Plus, one never knows when company will do a third investor rip off which clearly has/is not inspiring much interest from the investment community lol
PE is now 10:1
Revenue YR/YR quarterly revenue doubled
Quarterly Profit increased 300%, a 4X factor!
Just a hunch but I think the market is pricing us higher based on that new earning report which was wonderful. Low volume so far today and holding its highs. Good thing. I'm holding for the very long term so let her do its thing! :)
YES SIR! They certainly do. Nice follow through this morning with yet another 52 week high!!
When does the OPXS short covering start???
I am surprised that there isn't more of a premium on warrants. Should be trading closer to .85-1.00 imo. But, I can take a nice steady rise. GLTAL
T
1/4 million dollars dropped down here in a buying wave.
Make my day!!!
Miracles do happen
Blast off, We have Lift Off!!!
OPXS NEW 52 week high on HUGE REV's and Bottom line #'s
https://www.otcmarkets.com/stock/OPXS/news/Optex-Systems-Holdings-Inc-Announces-Second-Quarter-2019-Financial-Highlights?id=228323
Short volume was reported as $120,000 recently.
LOL, I love it, I was thinking the same thing.
Any news of new orders based on the GD news this last week of new orders from the Marine Copr, vehicles? I saw the OPXS share price spike and lay siege to the $2 price again when that news hit.
Understood and was only letting you know Redburns knows what s/he is talking about imo. Also could not have bought shares at higher pps b/c stock has never been in dollar land since inception.
I bought my shares in March 2017.
are you holding shares you bought a while ago at a much higher price? you must be fairly new to this stock b/c this is first time it has been in $ land since inception & only reason it is was due to a second investor rip off along with r/s & pps still has not even reached the 04 cent high ($14) back in 3/2015 lol
Optex Systems Announces $1.9 Million Order from DLA
Press Release | 02/12/2019
RICHARDSON, Texas, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, today announced a $1.9 Million order from Defense Logistics Agency Troop Support, Philadelphia. The products will be manufactured at the Applied Optics Center (AOC) Division of Optex Systems, Inc.
Bill Bates, GM of the AOC Division, commented, “This award continues our legacy support of the Abram Tank Program.” Requirements for this order will be completed in calendar year 2019.
With this order, Optex’s current backlog stands at over $28.2 million.
Margins generally should go higher on higher revs although Im guessing when we get to roughly 25-27% area we will be close to maximum GMs but that is a wild guess.
Remember they only had $23.5 mill backlog as of Dec 30 2018 when the Q ended so orders continue accelerating for them given almost halfway thru this Q they’ve grown to $28.2 mill backlog and theyve probably done over $3 mill in revs this Q already given the projected $7+ mill revs they should realize for his current Q2.
They could easily have received about $8 mill in new orders halfway thru the Q. Also note this recent order is for just this year so Im speculating is better margin given the very quick turnaround time for a DLA order.
Also some of those older less profitable contracts have rolled off allowing for more of this newer work to show also helping lift margins more as we move forward.
So we have higher revs helping margins and newer more profitable work ramping too helping margins against a backdrop of orders still comfortably outpacing revenues by a wide margin halfway thru the Q and thru recent history.
This was yet again a record operational quarter for them and next Q should be easily better still given the sequential revs ramp. It’s no wonder theyre starting to potentially feel a little squeezed to fund operations if the acceleration continues to ramp up. Some of the work is longer lead time although this new announce sounds like something they can quickly turn around given the short timeframe to realize the work.
All in my opinion only, back to lurking. A few posters on Ihub cause me unwanted stress even if on ignore.
Happy and Healthy New Year to you and yours BTW.
LF any thoughts on margins near term?
This has been a great pick by the way thanks.
Smoke and mirrors like the after-hours announcement today of a new $1.9M order and $28.2M in backlog. I'm doing extraordinarily well thanks to their "smoke and mirrors". I expect to do even better in the upcoming years. Are you shorting the stock or are you holding shares you bought a while ago at a much higher price?
Just more smoke and mirrors. "Recognized a gain on the change in fair value of warrants of $1.4 million." Any old fast food restaurant is run better.
"With this order, Optex’s current backlog stands at over $28.2 million."
All IMO only.
Optex Systems Holdings, Inc. Announces First Quarter 2019 Financial Highlights
https://www.otcmarkets.com/stock/OPXS/news/story?e&id=1281857
lol not irrelevant for some that we both know from 2014/15 that need stock to go to $20+ just to break even so (& welcome!)
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Company website: www.optexsys.com
Optex Systems Holdings, Inc., (OTCQB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc is a well positioned defense company with an established history in the industry, a strong customer base and a backlog of contracts moving forward.
Optex Systems, Inc. was founded in 1987 as an ISO 9001:2000. In February 2009, the Optex ISO status changed to 9001:2008 certified concern, which manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
Market Opportunity - U.S. Military
Optex products are currently marketed in the military and related government markets. Since 1998, American military spending has increased over 225% on an annual basis to over $600 billion per year. As the American presence overseas continues, this level of spending should continue to exist. Also, the market for replacement parts for existing military equipment is significant.
Optex meets the U.S. military requirements with its product line:
Optex products are currently sold exclusively to military and related government markets. We believe we have significant potential retail opportunities to commercialize various products we presently manufacture. Our initial focus will be directed in three product areas.
Big Eye Binoculars - While the military application we produce is based on mature military designs, Optex owns all castings, tooling and glass technology. These large fixed mount binoculars could be sold to Cruise Ships, Personal Yachts and Cities/Municipalities.
Night Vision Goggles - Optex presently manufactures the Optical System for the NL-61 Night Vision Goggles for the Ministry of Defense of Israel. This technology is based on the IR Squared design and could be implemented for retail commercial applications.
Infrared Imaging Equipment - Optex manufactures and assembles Infrared Imaging Equipment for Textron and components for Raytheon's Thermal Imaging M36 Mount product. This equipment and technology has potential to be assembled for border patrol, police and security agencies.
Optex products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of 10 vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Specific product line includes:
Optex serves customers in three primary categories:
1. Prime contractor for TACOM, U.S. Army, Navy and the Marine Corps.
2. Subcontractor for BAE (LSE: BA.L), General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN).
3. Supplier to foreign governments that include Israel, Australia, NAMSA and South America.
As of September 2013, we derived approximately 89% of our gross business revenue from three customers: 47% from General Dynamics Land Systems Divisions, 30% from The U.S. Government (primarily DLA), and 12% from BAE Systems (with which we have approximately 75 discrete contracts for items that are utilized in vehicles, product lines and spare parts.)
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As of August 8, 2014
Outstanding Shares = 170,913,943 --- Float = 56.23M
(Authorized Shares = 2B)
$10.3M (Assets) - $3.0M (Liabilities) = $7.3M (Net Assets)
Market Cap = $2.87M
Price/Book Value = .33 --- Book Value Per Share = .04
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