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I would wager they really don't want anyone looking at them too closely then. Arthur probably doesn't want to take any questions either. Companies who do well like to broadcast stuff. Companies that haven't try and hide.
Rumor is that the 4th quarter results call is supposed to be this week, yet there is still nothing posted on the web site.
If anyone has the date,time, and call in number, pleas share with all.
Well, what did they have to report over Q1 pre corona? Still no orders? About to lose a lot of money on Q1? Their cash position likely dwindling? That they’ve never been more excited?
Another day of utter silence from our illustrious CEO.
I wonder what gives. Sams is usually pretty much on a fixed schedule. This time is different. I suppose it could be Covid. But this quarter has been very quiet even from a time before the onset of this virus.
This is a case where in a year, this is either worth $0 or its worth $5+
Well they may have just been shut down...
https://www.mercurynews.com/2020/03/20/coronavirus-lockdown-in-california-what-are-the-rules/
Last year, they told us on March 12 that they were heading to the Roth investor conference. Then, on March 13 they announced earnings.
On March 26, a Tuesday, they announced earnings.
Has Sams gone into hiding? Is there some reason why we don't have an earnings date?
I guess time will tell. But I wish this company were a bit more investor-friendly. And I sure as heck wish they would just sell to a larger company.
Come on Sams! Get it done!
Also, would this apply to POLA? If they needed it?
“The small business loans would apply to employers with 500 or fewer employees, and cover 100% of six weeks of payroll. Businesses must compensate all employees for eight weeks from the time the loan is disbursed in order to qualify.”
https://www.cbsnews.com/news/coronavirus-stimulus-bill-phase-3-senate-mcconnell-trump/
Let’s hope the other telecoms act similarity...
https://finance.yahoo.com/news/why-verizon-just-made-a-big-investment-in-america-amid-the-coronavirus-ceo-154612304.html
I hate to say it, but I agree with you. Their dwindling cash may not allow them to survive until the economy picks up again.
Not because of of the disease. But because after a bad q4 and bad Q1 their cash position is likely not looking too good right now. Company insolvency is a real risk if Tier-1 orders get delayed further. How long can they stay open if they have nothing more than a couple million a quarter order book? And why would I want to rely on a supply chain link that may not exist in a year or so.
The CC is going to have to be very well articulated and in a convincing manner that they have an ability to survive the next year. “We’ve been around since the 70s” won’t cut it.
I bought more shares at 1.12.
Why would POLA be unable to fill orders? There are Covid risks to their workers and then potential problems with shipping. But they have a fair amount of cash.
At this point it’s not just about shareholders panic selling. If I’m a would be customer I’m going to consider them a counter party risk given the macro environment. This can self fulfilling but Sams is going to go down with the ship if it comes to that.
At the same time, it wouldn't surprise me if Sams is just keeping quiet because he feels he doesn't get enough respect. He had a chip on his shoulder on the last CC, about how he knows how to run a business and has been doing it a long time, etc.
What he might not realize is that there are people who believed in him and who are now having to panic sell because he's making it look so damn awful with the utter lack of shareholder communication.
Of course, the more obvious explanation is that he has totally botched things and failed to make the strategic decisions necessary to get his generators to market (e.g., joint ventures or selling POLA to a larger company).
I almost bought some more at 1.30. But I have enough invested in Sams.
The only company I’ve ever personally been invested in that’s been this must if a disaster was one where a South American government nationalized it’s assets.
It’s really a shame.
Wouldn't be surprised if there started to be going concern language come into their next filing. Never seen so much apparent promise result in so much futility.
This thing knows nothing but down. Wondering where the earnings date PR is.
Now trading at .6x book value. And a 18 P/E ratio translates into expectations eventually of only making 2 cents per share per quarter.
If they aren’t going bankrupt then this thing is very undervalued.
I really hope the three of them spend much more time than normal thinking about how they are going to clearly and credibly explain what’s going on right now that creates any confidence at all.
Another big relief rally - pola still falls. There are cruise line companies that faired better over the past 3 weeks.
This is something that they need to address seriously and credibly in the CC - how they see telecom demand for backup power in the relation to the business cycle. Is this something they have to do in the next year or two and therefore it is somewhat recession proof? Or is the timing flexible, and therefore if capex budgets get slashed, POLA is in deep trouble?
Amongst other things, they have a lot of explaining to do.
My guess is that most people are going to keep paying their phone bills. Phone becomes even more critical during an epidemic.
So, telcos are going to continue to have revenue coming in. If POLA production isn't interrupted too badly, this might be a relatively Covid-proof sector -- at least when viewed from a price of $1.50.
Of course, I'm not mentioning my other shares, at nearly $4. But being underwater isn't something I can fix. I can only trade better from here on out.
Assuming they aren’t heading for bankruptcy, at $1.50 this looks like an easy 2x -3x even if they continue to keep stumbling. Any sign of even modest profitability and $3-$5 looks easy.
Problem is when you combined their stumbling with a global meltdown, they may not survive. If the tier ones decide to cut capex this year, they they have no customers and little cash left.
I sold some POLA for a tax loss last Fall during a clean-up where I sold a good amount of my losers and some of my winners to raise cash and to shift toward index funds.
But I couldn't help myself. I bought some POLA today.
Now worth less per share than their q3 end cash + accounts receivable + inventories.
This thing is less than their liquidation value.
CEO Sams,
If you are reading this board, please consider selling. You have a ton of intellectual capital and if you wait much longer you might have to wait 5 or more years to sell. Do you really want to run POLA that long? There are probably still deals to be done.
A shareholder with too many shares.
Now trading at .77 times book value. Of course book value is probably also falling in Q4 and Q1.
These guys may have lost the race of stopping their stumbling before the business cycle turns.
Looks like a high chance of a 1 handle tomorrow. Great place to be entering what’s probably another crappy quarter.
New intraday low at 2.04 (old low was 2.05).
And meanwhile Cramer is recommend Generac.
Sams needs to partner with a larger company that can help POLA sell these generators. Silly to be limping along like this.
In the past it’s been around the 20th of March, no?
Shouldn't the earnings report be next week? I haven't seen a pr.
This pos couldn’t even gain on a huge relief rally.
At this point, how ugly is q4 (and Q1) going to be? The latter looks like it’s going to be awful too.
Seems as though some sort of good news is leaking out. I guess we'll be the last to know -- per usual.
That makes two of us (at least).
I totally agree.
It is just that I'd rather not be holding so many of these lousy lottery tickets!
I don’t see why there is any reason to think that q4 isn’t going to be really bad. The lack of orders announced so far also suggests a bad Q1.
So do they have some good news to report before or on earnings? That’s the lottery ticket right now.
For what it is worth, POLA's chart is looking pretty sweet.
Finding support on a rising 50-day MA and stochastics curling up.
Could it be that POLA isn't going to totally be a bust on its earnings announcement? Or maybe something positive to look ahead to?
Thanks. Really wishing I had bought Generac 3 years ago. Not pola.
Generac reports this Thursday, the 13th. I point it out to remind those that remain to listen.
And today it was a 50K block dumped onto the bid.
Who the heck trades this way?
Hope someone also asks them about any plans to court Dish which if the final steps go through will be rapidly building a new network over the next few years.
This might mean the t-mobile orders are coming soon.
https://www.washingtonpost.com/business/2020/02/11/sprint-t-mobile-deal-wins-judicial-approval-ushering-new-era-telecom-behemoths/
Every day someone dumps 20K shares on the bid here.
And still no news at all from the company.
Someone with more money than sense evidently was curious about what would happen to a 20K market sell order. Now we know, I suppose.
I'm guessing that their failure to put out preliminary numbers means that things are awfully bleak.
They need to partner with larger companies.
Or just get bought out.
They have good ideas and a ton of design experience. But they are too small to sell effectively. POLA would be worth a lot more if part of a larger company.
I guess this is not in Sams' nature.
I’m assuming this was just hot money leaving after momentum stalled. Other than for technical reasons there was really no reason for the previous rise.
They need orders. That’s it. Otherwise we’re looking at q1 also being a disaster pretty soon.
If I were Sams, I would at least try to knock on the door at Tesla.
Tesla has all-electric cars that are very expensive. POLA has very efficient electric generators that are very expensive (but have many other efficiency and low-maintenance advantages).
What if Tesla was willing to co-brand and market a more efficient back-up power solution for their cars? Is it that far-fetched?
For whatever reason, I don't think Sams thinks that way. He seems determined to succeed on his own terms -- regardless of the costs.
Or perhaps I'm maligning the guy out of my own ignorance. Perhaps he's already tried that.
I meant in particular their magnet supplier.
Yes, ugly day.
Last year they announced preliminary numbers by now. But I'm not sure why that would be a huge issue all of a sudden today.
https://ih.advfn.com/stock-market/NASDAQ/polar-power-POLA/stock-news/79121374/polar-power-reports-preliminary-2018-revenue-resul
Is their supplier in Wuhan? Or is it enough that they are importers from China?
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