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VOXX - I've been trading it today. It's tough to think about buying back over $5 when it was trading below $3 a couple days ago. The guy makes some good points in the SA article. A sale of the company should pull in way more than the current valuation.
On the flip side, though, they are still losing money. There is no guarantee how their exploration of strategic alternatives will end up. I've seen quite a few companies go through the process and decide to just continue with their business plan.
You have to wonder why the director sold over three million shares to Gentex at $5 right before this strategic alternatives process was about to begin. That's sort of a head scratcher.
I could see picking up some shares at lower prices.
VOXX - Bullish SA article out today. Lots of upside from here if he is right.
https://seekingalpha.com/article/4717641-voxx-international-upgrading-to-strong-buy-with-potential-break-up-value-of-15#scroll_comments
VOXX - Thanks, hweb. Total luck on the timing of that news coming out today, but those valuable assets were always sitting there.
VOXX - I may join you if it gets down there. It's had a huge trading range today between $3.86 and $5.46.
VOXX - Thanks, Nelson. It's funny because I originally got into it because of misleading language in their earnings PR. As I dug into it, though, there was definitely a lot of value there relative to the share price. And then there was that hedge fund that seemed to have torpedoed their share price with all their sales.
VOXX - NIce! Congrats on the gain.
VOXX - I sold a bunch this morning. I'm still holding some, but it's really hard to speculate on what's going to happen going forward, so I rang the register pretty hard.
AMMX - AmeraMex International Wins Orders Totaling $760,000
Newsfile Corp - Aug 27 09:54 EDT
Chico, California--(Newsfile Corp. - August 27, 2024) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has secured orders totaling $760,000.
AmeraMex CEO Lee Hamre commented, "The third and fourth quarters continue to look strong. The new orders, totaling $760,000, are a mixture of new and refurbished equipment and were sold to customers in the natural gas, construction and manufacturing industries."
A Taylor Equipment 6,000-pound capacity forklift sold to a construction company.
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Taylor Equipment forklift
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A Magni Telescopic Handler shipping to a natural gas customer.
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Magni Telescopic Handler
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A Taylor Equipment Wheel Loader shipping to a sawmill customer.
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Taylor Equipment Wheel Loader
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4. A LiuGong 7,000-pound capacity forklift shipping to a manufacturing customer.
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LiuGong Forklift
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An ASV-70 Skid Steer Loader shipping to a retail customer.
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ASV-70
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For more information and pricing of equipment for the logistics, construction, and forestry industries, or to book a demonstration of the First Green Company's Electric's 100 percent electric skid steer loaders, ASV Posti-Tract and Skid Steer Loaders, Menzi Muck Excavators, or a Magni Telescopic Handler, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.
AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are key factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if added information becomes available in the future.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221232
SOURCE AmeraMex International Inc.
VOXX International Corporation Announces Strategic Alternatives Process to Maximize Valuation
PR Newswire - Aug 27 09:25 EDT
ORLANDO, Fla., Aug. 27, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, announced that its board of directors has been conducting an exploration of strategic alternatives in connection with its ongoing effort to maximize shareholder value.
VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporation (NASDAQ:VOXX))
As part of this process, the board will consider a wide range of options for VOXX, including, among other things, a potential sale of the Company, a sale of segments, operational improvements, or other strategic transactions. Per its fiduciary responsibilities and to support its evaluation process, the VOXX board has established a strategic transactions committee which has retained Solomon Partners as financial advisor and Bryan Cave Leighton Paisner LLP as legal advisor.
There can be no assurance that this process will result in VOXX pursuing a particular transaction or other strategic outcome. VOXX has not set a timetable for completion of this process, and it does not intend to disclose further developments unless and until it determines that further disclosure is appropriate or necessary.
About VOXX International Corporation
VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in the Automotive Electronics and Consumer Electronics industries. Over the past several decades, with a portfolio of approximately 30 trusted brands, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, reception products, a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers. For additional information, please visit our website at www.voxxintl.com. For the most recent investor presentation on the Company, please click here.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to the risk factors described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024, and other filings made by the Company from time to time with the SEC, as such descriptions may be updated or amended in any future reports we file with the SEC. The factors described in such SEC filings include, without limitation: impacts related to the COVID-19 pandemic, global supply shortages and logistics costs and delays; global economic trends; cybersecurity risks; risks that may result from changes in the Company's business operations; operational execution by our businesses; changes in law, regulation or policy that may affect our businesses; our ability to increase margins through implementation of operational improvements, restructuring and other cost reduction methods; our ability to keep pace with technological advances; significant competition in the automotive electronics, consumer electronics and biometrics businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the War in the Ukraine and any worsening of the global business and economic environment as a result.
Investor Relations Contact:
Glenn Wiener, GW Communications (for VOXX)
Email: gwiener@GWCco.com
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SOURCE VOXX International Corporation
VOXX - Gentex obviously sees value here acquiring over three million shares at $5.00 per share.
https://www.sec.gov/Archives/edgar/data/807707/000035581124000041/sc13d-voxxx08262024.htm
If EBITDA doesn't do it for you, now you can go one step further with AEBITDA.
Nelson, ain't that the truth! Chalk another one up for hweb.
I've always marveled at how an after hours or pre-market reaction to a news event can be wildly divergent from the reaction in the regular session.
Now in this case of IMMR, the after hours reaction is wildly divergent from the pre-market reaction. We can only guess what the reaction will be in the regular session!
IMMR - This is going to put a dent in your winning stock picking percentage. I think this is going to drop it down to 99.9 percent.
AMMX - Sounds like business will be strong for the next two quarters:
https://www.newsfilecorp.com/release/220509/AmeraMex-International-Lands-Orders-Totaling-1.1-Million
Let's not forget Lentinman:
https://martin-manley.eprci.com/
AMMX - I listened to the call one more time this weekend. They have a nice feature where you can hit rewind if you like. Would encourage any would-be shareholders to listen to it. Very positive.
As far as those reach stackers go, maybe only two were delivered in Q2, and four will be delivered in Q3. Maybe another reason the CEO is so optimistic regarding the current quarter. No idea how those long-term lease agreements are structured. Is there a big upfront payment, or is it just more of a straightline thing over the life of the lease?
Good amount of volume so far this morning. Stock hit a high of 45 cents, but has dropped back into the high .20s.
VOXX - I should clarify regarding the hedge fund. They reported having 166k shares left down from 2.9M earlier in the year. Assuming they will dump the rest of them was pure speculation on my part. I doubt they would stop at 166k, but really unknowable.
VOXX - Nice move off the 52-week low put in on August 6. On August 8, the company announced a $25M asset sale which will go a long way toward reducing their debt. In addition,on the same day, a hedge fund which owned 2.9M of their shares earlier in the year, reported that they were almost done selling with only 166k shares left.
Hopefully we will get some more asset sales/debt reduction news in the near future.
AMMX - KIK, you heard right. The replay of the cc is available, and I just listened to it. A guy from GeoInvesting asked about how the third quarter was shaping up, and management did say that it was looking better than the second with margins equal or better.
That's what my ears heard at least. I just bought some more.
AMMX - Unfortunately I missed it, but if KIK heard correctly and Q3 results could exceed Q2, it's a steal around 25 cents.
AWX - I noticed that this morning. Interesting how he pasted those E-Trade transaction statements in there!
I'm patiently waiting for this one to move. Entire market cap is only around $10M. It seems like everything else has moved lately. You would have thought that last earnings report would have gotten it going, but these stocks do move on their own timelines.
UAMY - I'm taking some profits here and moving some money into Consolidated Lint which has been languishing as of late.
UAMY did present yesterday at the Sidoti Micro-Cap Conference, and they did announce an acquisition a couple days ago.
Power Solutions price target raised by $12 at Craig-Hallum, here's why
PSIX - TheFlyontheWall.com - Aug 13 15:13 EDT
Craig-Hallum raised the firm's price target on Power Solutions to $22 from $10 and keeps a Buy rating on the shares. The firm says the company's "clear financial inflection underway" was again illustrated by its "stellar" Q2 report. While revenue was just shy of expectations, Power Solutions posted another quarter of record gross margin, which led to a substantial earnings beat, the analyst tells investors in a research note. Hallum notes the company has secured several major multi-year sales agreements with large customers for data center and hyperscale applications.
HOUR - Nice to see that moving up. Much better tone to the market as of late. Hopefully it continues.
BKTI - Wow! Powerful move up. And to think it was mired in quicksand around the $13 level on Thursday after putting out that great earnings report along with a higher backlog.
STRT - Thanks, lightening up this morning on another big move. That was a real messy earnings report they put out, so it's hard not to be taking profits. Should have been buying more Friday. I did have some buy orders in, but was apparently too cheap!
HOUR - Funny stuff, gilead! I guess that's an alternative source of financing for them. It is a bit unorthodox. Their interest expense looks very manageable, so hopefully they are using them judiciously, possibly paying them off monthly and capitalizing on the rewards.
They also have a $4M related party loan from the CEO/95 percent holder.
HOUR - Some may be interested in this one. Trading at around a buck. Decent balance sheet. Increasing revenues and earnings. Guiding at the mid-point for around 14 cents EPS for the year. Haven't looked into it extensively, but looks promising at first blush. Low float also with management owning most of the shares.
STRT - I'm still holding some of this. I pulled my sell orders yesterday after I saw their earnings PR. I know it is a good report, but I was having a hard time trying to decide what was normal and what was one-time on both the revenue and expense side of things.
VOXX - A couple of interesting items this afternoon. First off the company announced asset sales of $25M which will knock off a big chunk of their long-term debt. Management is delivering on their promise of getting the debt down.
https://www.prnewswire.com/news-releases/voxx-international-corporation-announces-the-sale-of-certain-assets-of-its-domestic-accessories-group-to-established-inc-for-approximately-25-million-302218358.html
Secondly, a 13G/A was filed today showing that Kahn Brothers is no longer a five percent plus owner of their stock. They are now under one percent with 166k shares. Earlier this year they filed a 13G showing they owned 2.9M shares. The average daily volume for the stock is 169k shares. I think their sales played a big part in knocking down the share price this year. Now that they are almost done, perhaps the pressure will come off.
https://www.sec.gov/Archives/edgar/data/807707/000103956524000009/13GVOXXQ22024.txt
https://www.sec.gov/Archives/edgar/data/807707/000103956524000007/13GVOXXQ12024.txt
Here's Kahn Brothers performance numbers for the past three years in case anyone would dare try to go the opposite way of a hedge fund:
https://hedgefollow.com/funds/Kahn+Brothers+Group/Performance-History
AWX - You would think that might actually propel this low floater appreciably higher, but maybe I'm just a crazy optimist with a pie-in-the sky menu in my hands.
BKTI - Lots of reasons to like it for sure. Trading up near the high of the day now, so hopefully the big seller is gone. I couldn't help but buy some more today. I don't know what more you could really want from an earnings report.
BKTI - Great quarter and very positive conference call, but the stock price hasn't received the deserved response IMO. I don't know what more the market wants/expects from this company. Maybe the CEO was supposed to incorporate a picture of himself doing cartwheels into the slide deck.
BKTI - Management delivers. Anyone who sold recently in the $11s can't be too happy.
KINS - New 52-week high today. Good to see a nice mover after the carnage of late.
SGMA - I think the selloff is overdone. They preannounced the loss like you said, and the fact that they are working things out with their lenders probably spooked some people, also. Plus everything is getting sold off right now, so it's caught up in that general funk.
It's trading way below tangible book value, and they have put up some pretty big numbers in the past. I think they will work through this.
KLNG - Another nice quarter. I bought a few between $1.00 and $1.02 this morning. Sold some and bought some back. Still holding in my IRA.
Maybe a tad less optimistic versus the last quarter's earnings PR, but the CEO still sounds pretty positive with this statement from today's PR:
Schwab - They have a message on their website, also. Total wankers.
Schwab - Can't log in now. Was able to earlier. These brokers need to have more robust websites. Obviously there are going to be extremely high volume days from time to time.