But backlog at $11.5 million

Revenue only $5.1 million due to supply chain disruptions. Another fumble for POLA.

My WAG for revs in Q3 is $7 million up from $5.8 in Q2. Any other guesses before the announcement?

Skillz Did you get my post before market close yesterday to trade PERI for HCLP?

Hclp--Blood in the streets. Licking my wounds. The dividend was already lowered and was well covered even in weak most recent quarter. I'm hoping that will cause this to bounce back.

HCLP You were right Matt. Now averaging down below $7 but have been catching a falling knife all morning.

FTSI Sold the rest of my FTSI at 12.20 to ensure it would surge to 12.60...

HCLP Initiated a position at 7.20 for a bounce.

FTSI Sold half of mine at 12 and tried to get the other half off at 12.20 but didn't hit. Surprised and relieved that earnings report has been so enthusiastically received. When there's such high institutional ownership I always feel like those guys are analyzing at a level far beyond my surface approach.

POLA Haven't posted about recently since little apparent interest on this Board but some positive recent developments including PR on Oct 1st announcing $7.5 million purchase order and recent announcement and an order for 91 installations in Namibia (although apparently no equipment included). You can see more detail on the POLA Board where southacresdave does an impressive job mining company updates online.

POLA is now positioned to continue to deliver material sequential revenue growth in coming quarters as it has in recent quarters.The founder/CEO owns a controlling stake which may explain (along with modest trading volume) the low institutional ownership even though his actions to date have been shareholder friendly. The short position has also steadily declined in recent months to a modest 90,000 shares. The balance sheet is pristine despite how aggressively they have grown their global sales effort and the capacity their production facilities.

The stock is up today on more than twice average volume so investor interest may be rekindling. While it's unclear how soon significant EPS can be posted, at an only $60 million market cap it's a good entry point to bet on their growing a large global business. Also,as they primarily provide equipment to cell phone companies which are quasi public utilities, I think their business will be more resilient than many as/when the global economy begins to slow.

FTSI--Q3 not good and they basically threw Q4 under the bus predicting growth again in Q1. Guessing it will be pretty bloody tomorrow but who knows.

FTSI--When you announce you're going to release earnings after market close, I think it's lame not to release within 30 minutes. It gives the impression (to me at least) that they aren't really on top of it but scrambling around at the last minute.

That order looks like installation but no equipment sales?

FTSI getting unexpected bounce on down day before Monday earnings after close. Should probably lighten up today but won't. If it climbs into mid 12s on Monday, I'll sell half before earnings announcement. Even a great announcement may not drive more than a few hour price rise in this market so I will sell whatever I own if there's a spike.

HCLP tanking to 7.50. At what price does it become a deep value trade despite the sand glut?

Re China stock spike, I think Chinese government rescue measures per the link below may have caused it:


https://www.scmp.com/business/china-business/article/2169294/share-pledges-chinas-central-bank-and-financial-regulators

What's weird to me is the 800+ point Dow decline coupled with 10 year Treasuries also selling off (yield rising). Maybe the Chinese are dumping part of their massive Treasuries portfolio as retaliation/warning in trade talks.

NRZ Don't currently own myself but have some in my kid's accounts. I understand a decent chunk of their acquired assets are rights to service residential mortgage portfolios for the life of the portfolio. Those become more valuable as mortgage rates rise because the portfolio is shrunk less by refinancings so cash flows longer. They could very well write down other longer term fixed rate debt in their portfolio which could weigh on earnings but the mortgage servicing assets should help mitigate the hit.

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