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If this company had 16million outstanding shares, the stock price would already be over $10. That's all anyone needs to know.
Bill, We all get it that you do not like the CEO. Why not just try to forget about him and simply look at the year over year revenue, net income, and balance sheet progress over the last decade and how it is now obviously accelerating. Sorry to sound like a broken record but just think about it...last year the company went over $10million in sales and next year they will be way way above $20million in sales! A few years ago, EPS was .02 CENTS per share, now is about 3.50 CENTS per share. A couple years ago net cash was zero, now it is $4mil and growing.
Yes, there have been some small mis-steps such as the Gander Mtn relationship, however, it is clear they learned from it and now have something rolling that could become literally huge - Mod Round. The CEO also learned from the earlier reverse split effort as evidenced at how they are approaching the upcoming uplist. My point is the CEO and company are smarter and better positioned today than at any other time in their history. Just 3 years ago, no one could imagine VirTra getting multi-million $ contracts. Now in the span of just 2+ years they have gotten a $6mil, a big chunk of $40mil, a $12mil. Those numbers are greater than what the entire annual revenue was just 4 or 5 years ago.
Ok, I'll shut up. But I am smiling.
Can't happen April 1st....that is a Saturday! Sorry, couldn't resist.
That is awesome! Congrats.
Yes Bill, I think you hit the nail on the head (except for the "no leader' remark....we can agree to disagree on that point).
This does bode well for when interest in the stock increases. Could be a meteoric rise if people hold tight as they should.
I really hope you do post more, that was a helpful detailed post. Wow.
The one question I have is when will the second and third MR locations be opening? I think they are smart to make sure everything is ironed out at site 1 before going crazy rolling it out.
The other question I have for you (and I know it is none of my business) is how "big" is your VTSI position? Are you a 0.5% holder or a 1% or 2% or....?
Truly curious since I have never been able to figure out how so few shares trade each day given the number outstanding.
Thanks.
aahhh! Thanks Bill. Didn't know I had to go through that level of effort. Just kiddin.
A rather juvenile attempt at stock manipulation by someone small today. Rather then enter an Ask price, they kept entering market sells to take out the small stacked Bids. Must be a small guy because he couldn't take out the 44k bid at .27.
And the Ask remains about .295ish. At this point, pretty tough to "scare" holders out of their shares.
Juvenile.
They didn't work for me either.
One "company" question I have is....At its core is Elbit really a software company?
I am very new to looking at this company but it seems to me they are using off-the-shelf cameras and what makes it a "system" or a "product" is the software that ties it all together.
I really wish these articles would dig deeper into the financials and make the case for VirTra and VTSI based on the ratios and comparisons that most investors use.
Sure, VTSI has gone up a lot over the last year but it is important to understand their PE is still only roughly half of their growth rate and PS is one third that of other similar companies. Very few even have a clue about the strength of VirTra's balance sheet and the pace at which shareholder equity is growing.
Most sales over $1million VirTra will announce via press release, most sales under $1million will not be announced. At least that is what they have done rather consistently over the last 3 years or so.
I think you are smart to be adding shares and you now own roughly 1/300th of the company! That is significant. I looked at those 30k or so shares sitting there just below 30 cents and was drooling but didn't pull the trigger. I'm glad you did!
VTSI will hit 50cents and go far higher. There is no doubt about that. The only question is when it will happen. The last few days of trading illustrate both the good and the bad with respect to the stock (not the company).
The good is that there are very shareholders willing to part with shares at this price level. The bad is that there are very few potential investors who are willing and able to buy shares at this level. Personally I think there are many who are willing but very few who are able due to VTSI being a penny stock on the pink sheets. People like you and I and others here that buy individual stocks with our own money are a rarity in the world and becoming more and more rare every year.
Even a fund manager who might love VTSI and who will buy some for his fund as soon as it is on the OTC will probably not go home and buy a few shares for himself. Stupid, but that is the way it is.
I think you are smart to be adding shares and you now own roughly 1/300th of the company! That is significant. I looked at those 30k or so shares sitting there just below 30 cents and was drooling but didn't pull the trigger. I'm glad you did!
VTSI will hit 50cents and go far higher. There is no doubt about that. The only question is when it will happen. The last few days of trading illustrate both the good and the bad with respect to the stock (not the company).
The good is that there are very shareholders willing to part with shares at this price level. The bad is that there are very few potential investors who are willing and able to buy shares at this level. Personally I think there are many who are willing but very few who are able due to VTSI being a penny stock on the pink sheets. People like you and I and others here that buy individual stocks with our own money are a rarity in the world and becoming more and more rare every year.
Even a fund manager who might love VTSI and who will buy some for his fund as soon as it is on the OTC will probably not go home and buy a few shares for himself. Stupid, but that is the way it is.
I think you are smart to be adding shares and you now own roughly 1/300th of the company! That is significant. I looked at those 30k or so shares sitting there just below 30 cents and was drooling but didn't pull the trigger. I'm glad you did!
VTSI will hit 50cents and go far higher. There is no doubt about that. The only question is when it will happen. The last few days of trading illustrate both the good and the bad with respect to the stock (not the company).
The good is that there are very shareholders willing to part with shares at this price level. The bad is that there are very few potential investors who are willing and able to buy shares at this level. Personally I think there are many who are willing but very few who are able due to VTSI being a penny stock on the pink sheets. People like you and I and others here that buy individual stocks with our own money are a rarity in the world and becoming more and more rare every year.
Even a fund manager who might love VTSI and who will buy some for his fund as soon as it is on the OTC will probably not go home and buy a few shares for himself. Stupid, but that is the way it is.
VirTra has been very consistent with respect to earnings release dates. Q3 report should be Tuesday morning, November 15th. Although maybe they will do it Monday the 14th instead.
I will guess $4.7mil in revenue and net income of $0.8mil.
(Last year was $3.9mil in revenue and net income of 1.0mil.)
My guess on uplist is April, 2017.
Thank you Ponch! You are a Saint for providing all that info as it does take real time and effort to do so.
At this point I am about 90% certain I will start to buy some shares relatively soon. There is a ton to like here. My only 2 concerns are the rising share count (less concerned now) and that they are based in Israel. Trust me, I love the country of Israel and respect the Israeli people more than about any other country but I do fear the stability of the region.
Sort of an intangible that I really like is that they are focused on the textile industry. To me that is infinitely better than being focused on printed circuit board inspection or semi-conductor or stuff that gets a ton of attention.
Thanks again and I'll keep in touch.
Why does the outstanding share count keep rising every year? In the latest Q2 report it said there were 93mil shares vs 85mil a year ago and about 78mil 2 years ago????? Thank you.
ONLY reason VTSI went down today is because b_fr_nk aka microcuptraitor aka billy on the yahoo and Inv Vill boards got scared out of the market by the Deutch Bank DB fiasco/cnbc scare. he sold his 200k shares and simply wanted out. Also sold most of his naii and others per his post today on the Inv Village NAII board. Talk about a hair trigger, nuts.
There have only been two significant trading days in the last couple weeks. The first (in hindsight) was when the stock "bounced" off 20 cents and started moving higher. The other was a couple days ago when it broke through 26cents and drove right up to 34cents. All that said, it is sort of silly to consider TA on such a low volume stock but anything to entertain. As far as the tornado being "right"....hhhhmmmm....didn't seem right at 7cents or 12 cents or 18 cents or 25cents or or or. Funny.
So at this point, perhaps 26cents is support. Not sure where there is any resistance. Sure wasn't anyone wanting to sell shares in the 33/34 cent range. But, I wonder what would have happened if there had a been a bid for 5million shares at 34 cents. Would it have driven the stock higher or would it have filled over a day or two?
Maybe the best way to look at things is this way: Stock chart is clearly pointing higher, Company performance is clearly accelerating, Company visibility is obviously improving. Makes me pretty happy and makes it easy to sit on ones shares and enjoy the ride.
Hi afcholdings, The price of any given stock at any given moment is simply driven by what the buyer is willing to pay and the seller is willing to accept. With a stock like BAC there are literally thousands of buyers at any moment and also thousands of sellers. With a stock like VTSI there might literally be 0 or 1 seller and 0 or 1 buyer at any given moment. The company and stock are simply not followed and no one knows about them and those that do are people like you and I that already have plenty of shares or fund/money managers who cannot buy the stock because it is not on the OTC or Nasdaq or Dow.
The ONLY time I buy VTSI is when I see shares sitting at the Ask and then I enter a limit order to buy them at that price. If I ever get to the point of selling shares then I only sell when I see someone bidding a decent price. I've been through this with many other micro cap stocks that were also low volume. VTSI is not unique. That said, it is a wee bit unique in that one would not expect daily volume this low relative to outstanding shares.
Really! VirTra presented at the Microcap Leadership Summit in Chicago? That's awesome and might explain a bit of the recent rise?
so true
Maybe I'll come at this from a different angle.
For some CEOs at really large companies, certainly part of their job is "investor relations" and courting institutions and ensuring the company "story" gets out into the right hands in order that the market cap of the company makes sense and does not put the company at risk of a hostile takeover or shareholder unrest or a debt downgrade, etc. These CEOs are on the road about 80% of the time visiting their various factories and design centers and making investor presos and meeting with well heeled investors.
The majority of CEOs at tiny companies like VirTra actually have many important tasks, actually real work, real decisions, real managing, purchasing stuff, HR stuff, anything even remotely big gets run through the CEO. And yes, somewhere on that long list is ensuring shareholder value and making sure the market is properly valuing the company. But a CEO isn't going to look at day to day share price but maybe look at things quarterly or on an annual basis since in almost all cases they have little control over share price anyway. The best way for them to drive shareholder value is by profitably growing the company.
Trust me, I have peppered Ferris with suggestions on improving shareholder value and provided many ideas so emotionally I am with you 100%. Being a small company CEO is sorta like coaching 7th grade basketball. Every parent is going to hate you even if you have an undefeated season.
weo, Did you listen to the shareholder meeting? I'll agree with you that the style is obviously not rah rah or enthusiastic or motivational BUT the content and the words spoken were truly fantastic. I will take substance over style any day.
No problemo....agree to disagree.
The absolute worst thing for any CEO to do is to "promote the stock." His job is not to pump a stock. His job is to run the company and profitably grow the business to the benefit of the shareholders, employees, and customers. The great CEOs let their numbers (revenue, earnings, balance sheet, orders) do the talking.
Ferris is doing the substantive things to create shareholder value and improve institutional ownership. I'd say "just have some patience" but really no need since everything is happening so fast right now. Look where the stock was last week, last month, last year, in 2014, in 2013. Look at the revenue growth, the earnings growth, the cash generation, the various huge long range opportunities such as Mod Round.
Fun times.
Great to read your post. To me it just feels like NAII is getting ready to explode upward. I'm a numbers guy and a value investor guy but gut feel plays a role as well.
Is a full flip like a cartwheel or is it some sort of round trip trade lingo.
26cents was a pretty nasty resistance level on the charts. It is now clear to finally run much higher. Conservative fair value is about 50 - 60 cents right now.
Yesterday was a powerful day for NAII stock. Strong volume, buying all day in the face of a big overall market decline. I simply think the performance of the company and valuation ratios are too tough to ignore. Stock should be at $25, not $12.
Nope, it is not part of the $40mil contract! That's what makes it so special. Perhaps today's muted stock reaction is because some folks think it is part of that.
....and another 19,750 at .09. Thanks again. Most recent quarter had a 25% gain in revenue and was profitable. Go figure. I like how the CEO deployed himself to lead the most important effort in the company as announced last month.
When will people learn not to sell shares unless they see a bid? Hopefully that person learned a valuable lesson.
Of course, as silly as it sounds for a penny stock, from a chart perspective the dip today was a beautiful thing since it filled the gap!
Always a bright side.
Well it would certainly help. There are more money managers that can buy OTC stocks than pink sheet stocks. And it really doesn't take too many to make a difference. Even if only 1 fund wants to take a position, it is likely they will buy at least $500,000 to maybe $1.5 mllion worth of stock. That is between 2million and 6million shares. It would create steady buying interest for awhile.
The more eyes on VTSI the better.
Whoever sold me 32,200 shares at 9cents today I thank you.
Exactly right Bill. No one has heard of VirTra and no one has heard of VTSI. Furthermore, even most of those that have heard of VTSI (namely brokers/fund managers/small cap managers) are forbidden from buying it due to share price, pink sheets, etc.
Schneid, How many shares have you bought today? That's probably your answer. I did add about 20,000.
And this has nothing to do with the 40mil IDIQ! All I can say is the only objective of anyone with VTSI stock right now is to buy as much as you can so you own as much of the company as you possibly can.
You do know that the Donna M or whatever the name is of the person filling the CFO role that it is just a part-time position as she fills a similar role at 1 or 2 other companies I think.
I think it is good for them to have a full time dedicated controller. Especially given the nature of their business. Big $ systems in all parts of the world and big multi-year contracts. Easy to mismanage the money if not careful.
Not just maintenance/upgrades. The one contract also includes one new 300 system.
Good post Schneidku. I just look at this sort of stuff as a necessary part of being in business and taking your own business seriously. I would worry (a lot) if VirTra wasn't doing these types of shows/demos. There are also many intangible benefits to being at one of these shows - they (VirTra) get to see the competition, get to hear first hand feedback, meet other professionals. It is also a great chance for employees (like engineers) to be on the front lines of the sales cycle and see first hand what the marketing and sales guys deal with every day. If some engineers do man their booths, the credibility level jumps up tons.