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Obviously $7.5 million in new backlog is positive and proof that sales are ramping.Since that will be Q4 and Q1 revenue, doesn't shed any light on Q3 revenue which they had good visibility on if they had chosen to be more specific. Doesn't mean Q3 will disappoint, but it felt like they were shifting revenue focus past Q3 to Q4 which makes me wonder about Q3.
Their expanded production capacity which it's their "objective to have operational by the end of 2018" bodes well for margin improvement in 2019 but will probably be a drag on earnings in Q3 and Q4 during the build out.
It's not surprising that it takes time to build a fast growing business with increasing profits. Nonetheless, it could be 3-4 more quarters before growing revenue and profitability finally warrant a much higher share price. I plan on remaining patiently long.
FTSI--while demand for frackers in the region will be impacted by the temporary Permian slowdown, the sand glut shouldn't hurt them or really affect their economics as it doesn't reflect a glut of frackers. Far more important is the price of oil which has been really strong of late. I do agree that frackers will trade at relatively low multiples because they're providing a competitive, non proprietary, highly cyclical service.
FTSI Good to see it trading up and apparently out of the doghouse.
BCEI Initiated a position at 28.92. I think the industry will do whatever it takes to win the ballot initiative.
Doubt it. They would have to file if the sold any.
FTSI Sold half at 10.30 and am now green after averaging down 3 times after initiating a position in July at $13.95. Reminds me of the expression "When you don't make the right decision you need to make the decision right." My remaining position is a hold through next earnings unless there's intervening news.
FTSI My cost is 10.29 which was HOD. Tempted to sell down my oversized position here in the 10.20's but am holding out for at least 10.29. Recent stock action seems like a day trader's dream but not my style.
100% agree. Dave, you're awesome.
FTSI Price plunge could also be from funds dumping who don't want loser as a holding at quarter end. I don't see any insider sales despite lock up expiration so at least they don't seem to see fair value at this price.
FTSI Added bunch more under 10 and am now too heavily invested. My average cost now is 10.39 so will lighten up if it bounces back above that.
FTSI Guess CEO's presentation at the Barclay Conference on Tuesday didn't wow anybody
FTSI Sold half my oversized position at 11.92 average or slightly over my average cost. Now in at a better sized position at 11.89 average cost so feeling relieved and bullish given recent stock action. If it tanks again on no news I'll average down for the third time and hope for another rebound. Volume has been below average the past few days despite healthy gains so seems like very little selling pressure recently.
FTSI Nice gain today closing near HOD on lowish volume. If the broader market and price of oil will cooperate, I'm hoping for a nice recovery this week.
FTSI I had previously averaged down to 12.93 but with way too large a position for me. I sold it down to a reasonable position when the stock climbed over 13 recently. Now I'm averaging down again so again way over my skis at a cost of 11.90. We'll see how it goes. Seems cheap, well managed, highly liquid, good balance sheet. I get the volatile nature of the price of oil which is a clear risk/negative but seems an extreme value here. Don't think it's primarily short sellers but more like disappointed growth investors who bought at/near IPO cycling out faster than value investors cycling in.
Action a little disappointing so far this morning. Think it deserves to at least trade above its 6.85 52 week high
Strange that no after hours trading after release?
Thought Q2 was impressive especially exploding sequential backlog. Hopefully the market will care more about that than skimpy earnings due to ramp up expenses. At least gross margins improved as they predicted.
POLA just announced Q2 results with sequential revenues increasing 19% to $5.8 million and backlog also sequentially increasing to $5.8 million (weird coincidence) from just $2.5 million in Q1 with military and international now making up a significant part along with the three Tier 1's.
Although margins improved as promised earnings were still a modest .02 given increased overhead to expand production and international sales. Still they've made real progress ramping sales and are a legitimate growth company now.
Dave--Good point on big backlog increase last Q with no corresponding PRs. Fingers crossed for continuing strong revenue and backlog growth for Q2!
Dave--I agree that orders from the big three domestic cell phone companies will drive revenues near term. My concern is that they have a recent history of PRing larger orders and there have been no recent PRs touting domestic orders.
FTSI I too have a limit sell order at my 12.93 cost for about half my position as am way over skis here. Over course, it runs to 12.92 then boils off. Still very encouraging and expect it to hit in the coming trading days if not today.
FTSI Can't seem to hold a gain but high volume is encouraging
FTSI Volume has been encouraging the last two days. It will be interesting to see how it trades during the last hour today.
Nice bid/ask spread. Feels like trading has ground to a halt until earnings announcement. I'm planning on holding my full position into earnings, but not really optimistic about sequential revenue growth given the only recent order PR was the $.8 million Namibia order which doesn't really move the needle. We'll see.
FTSI Earnings after market close today. Hopefully cause for a rally.
FHRT--hard to take a company seriously with that symbol
FTSI finally finding its footing?
I agree with you Myth. If there were an intention to reinvest proceeds and restart the Company, there's no reason not to communicate that as a possibility. Why be sneaky about it? I think Mary is just trying to undermine confidence in the liquidation plan to depress share price.
FTSI I keep averaging down but way under water at a 12.93 cost. If the theory is true that short selling is coming from lock up share owners who will cover when the lock up expires, then the stock might spike on the lock up expiration date. On the other hand, if lock up share owners know a good quarter will be announced, why forego upside on those shares with a short hedge? The decline is so extreme you have to wonder if some bad news has leaked.
Dave--Today's close is just more evidence that the price floating around doesn't mean much. I have mixed feelings about getting into the tower business as it's a much bigger pond but they're a relatively much smaller fish. That has to be a fiercely competitive business and projecting costs to install in remote locations can probably get tricky pretty quickly which increases the risk of low margins or even losses. Weather among other factors can wreak havoc. I'm guessing they'll only compete for smaller, remote tower installs that aren't meaningful to bigger players. That said, additional revenue is definitely a positive at this point and maybe they'll build a significant and profitable additional business out of it.
While it's good to see the share price drift up recently, there has been so little volume it doesn't feel meaningful.
Doesn't today's filing indicate they still have 527,000 shares left?
FTSI Now averaged down to 13.30 but way over my skis. If it bounces some I will pare down to smaller position.
FTSI--Keep averaging down my position now at 13.56. Hope to see a pop from these new lows.
IVFH .70--My buys at .80 and in the .70's now have me underwater. Skillz, at what price would you consider reentry?
Seems to be in a low volume, range bound rut pending next earnings report or announcement of a new large order. The longs and shorts are holding but not raising, waiting for the company to show its next hand.
NRZ Good prediction on the secondary offering Cliff announced after market yesterday. They also confirmed their .50 quarterly dividend which may account for the muted market reaction to the secondary offering news.
NRZ--Anyone still holding? Hit 52 week high on this down market day. Much of their book is in Mortgage Servicing Rights which appreciate in value as rates rise and refinancings decline.
IVFH--Bought more at .80 a few weeks ago and getting some fills today at .77. The food and beverage sector is an extremely hot M&A vertical where both strategics and PE funds are paying very high valuations. Unfortunately, I don't think the CEO would be an opportunistic seller as this seems to be his baby.
If they announce a .003 dividend I'm guessing the share price increases to between .0055--.006. On the ex-dividend date the price would drop to .0025--.003. I think that would be another attractive entry point as I see at least .005 in further distributions.