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It should get a nice January pop and then keep on chugging upward. It is simply too cheap.
A headline like that would send the stock from $7 to $21 in about 3 seconds. And it would be $100 in a couple years. But hey, our current CEO has tremendous biceps from patting himself on the back.....relentlessly.
That is likely correct, especially since government is involved. But over the years on several occasions I used suppliers that were not the approved suppliers but that was in private industry.
Like I said, What money? I’m not trying to argue. This is good news but it is not even up to the level of an IDIQ award. At least with an IDIQ there is allocated money or at least someone has thought through it enough to come up with a max. With this Canada thing, it is simply Canada saying that VirTra is their preferred supplier. It does not even prevent a Canada LE office or Gov agency from buying from someone else.
What allocated money?
Nice they issued the PR quickly.
Not so nice that as of today the commitment from Canada is $0.
Perhaps I have missed something over the last 6 months but isn't it true that VirTra has never sold a portable simulator? It also seems sorta obvious that a portable simulator would cost about 1/5 of what a V300 sells for.
The share volume today is nice and bodes well. That is the best indicator this "find" might be of significance!
I started buying pretty heavily over the last week. I had not heard of the stock until a month or so ago. I have now read their Q3 cc transcript several times and it is remarkably bullish, yet the stock remains at a depressed unloved level. I like it!
Why haven't they published the results? They previously said they would do so "this Fall". Are they waiting for first week of January? I am getting annoyed.
I'm happy to own GGGOF shares and to buy more at these stupid low prices. But we do not need Galane to do better than expected. What we need them to do is exactly what they say they will do. Hit the freaking oz and cost number guidance that they published yesterday. Hit those numbers and the stock will be fine, better than fine. GGGOF could and should be a 50cent stock in a year....but only if they come through and hit their promised production numbers with no negative surprises. Simple.
Great stock to buy right now TODAY. 5 bagger over next couple years.
Hope a few others here are enjoying the UVE train that is just starting to move upward. Tomorrow the 29cent div will hit our accounts. Clear path to $30 in 9 months and clear path to $60 if interest do start rising later next year. That is how insurance companies make money.
I am back in. Started buying after the recent stock buyback announcement and love today's news about Calhoun paper and pulp. Both of these are important because they are crystal clear confirmation that the new COB, Davies is able to exert his will! This will be a $50 stock in a few years.
VirTra is focused now on picking out new desks, automated chairs, fancy lighting, stylish flooring. Focus on products and sales can follow later.
Even though that is an automated article it does bring to light the fact that VirTra has made cash disappear over the last 3 years. They are spending as if they have $80million in annual sales rather than $20 million. No big deal if the sales happen but for the last 12 years VirTra has whiffed every year. CEO has failed to produce results to justify todays market cap.
Top shadow too long for a hammer.
Not sure if this will cheer you up or make you feel worse but today was my biggest down day of the year! Every stock I own was very red. Russell 2000 was very red as well.
That is likely good advice. I admit to nibbling well above where I think it might go just in case. It did show amazing relative strength in how in traded on Friday.
Trading at a PS of over 2 based on EV and over 4 based on market cap is a valuation that is too rich for a company growing at 10 to 15% per year.
The stock is not a long term investment for me. It is just a little plaything to swing trade a bit. And the only reason I mess with it now is because it forces me to follow along and I want to see how the story ends.
My current position in VTSI is literally 0.35% of my net worth. Meaningless from a financial standpoint. But I still enjoy following the company. Zero stress for me.
The ones that do stress me a bit are sup, uve, uihc, belfb. They almost matter!
Looks like I was a day early, should be a big drop today on overall market weakness. $4.90 is my guess for either today or by Thursday next week.
I started buying again. I enjoy pain.
I think the one really good result of the 3mil share direct offering is that it makes it very likely the company gets bought out and taken private. Many more shares are in relatively weak hands now. CEO is now way under 10%. There is more visibility now and when that shines the light on pukey bad $6mil quarters, it is like blood in the water to PE sharks and bigger fish.
If 6.80 doesn’t hold, it will see 4.90ish. Solid support at about 5ish.
Bod guy Givens made open market buy of 1000shares on Friday. That is better than nothing! But really, a whole 1000? Is there not one insider that believes in the company?
That reminds me of the old joke.....If you owe the bank a million dollars, you have a problem.....but if you owe the bank a billion dollars the bank has a problem!
Also think about what VirTra has done and is doing with that $18million.
First of all it wasn't $18mil, after fees and stuff it was roughly $17mil so right off the top they wasted $1mil.
Second, at what price did they do the raise? It was done at $6. Seemed like a good number at the time, but now just a few months later it looks idiotic when the stock has been in the 7s, 8s, 9s, 10s, 12.
Third, where does VirTra have their cash invested? In a freaking savings account earning 1% or 2% if they are lucky. Yet, inflation is about 5 or 6% so VirTra is earning a REAL -4%. That is a negative rate of return.
Fourth, the effect of the extra 3mil shares diluted each of us by about 35%. AND FOR WHAT? To make our insecure leader feel better?
sharpchicity.....These days many public and private companies, in fact maybe even most, have exactly NO NET CASH. In other words they have more debt than cash. Why? Because in many cases it is very smart. Always better to make money with other peoples money especially when interest rates (and borrowing costs) are so low.
ARZ also hit the nail on the head with his reply. Simply put, IF the company had a real need for money then it is easy, simple, fast, to walk into any bank and borrow with very favorable terms. Right now a company like VirTra could snap their fingers and borrow $10million at 8% in about 4 seconds. But it truly is only as easy as I state ONLY IF THERE IS A GOOD REASON TO DO SO. On average Bankers are pretty smart so if a company like VirTra waltzes in and the request makes sense, simple, done deal.
And what I described above is exactly how I run my own life. I have no net cash. I have millions in debt. I am meeting with my banker in December to add another million to my debt pile. Why? Because I have a great opportunity. And guess what, the bank will happily lend me the money. But I will have to waste about an hour of my life chatting with them. Seems like a small price to pay.
Not true DtheG.
Go back and listen to exactly what Our CEO said was the reason for the last 3mil share dilution. During the subsequent StoryStock interview he said….We did it because we saw an opportunity and decided to take advantage of the market.
They had no need for that $18mil.
They still have no need.
They diluted us simply because they could because CEO sleeps better with a company that has excess cash.
So guess what, if some fund guy, like Sabby or MannytheLaunderer calls Bob and says, hey dude we want to buy a chunk but we be too lazy to buy in the open market so how about you sell us a few mil new shares? Bob da bungler would shoot himself and us in da foot again.
The CEO’s ability to produce lemons from lemonade is top notch. Certainly best in class. Has there ever been a more receptive macro environment for their products than now? The many cases over the last couple years tried in the media. The Literally trillions of dollars being spent by government and public institutions everywhere. And after 20 years of “growth” we are supposed to be happy with a money losing $6mil quarter? If the BOD had the semblance of a spine, Ferris would be replaced. If Ferris believed in the company mission he would do the only logical thing and step down. VirTra saves more lives without Ferris than with him because sales would ramp at 5x the current pace. So frustrating given the potential.
I will reload at 6.65….until then I’m out!
It is amazing isn't it. This zero growth model that Ferris seems content with is simply mindboggling to me. There is so much potential here that is being wasted quarter after quarter and the worst part is that the the fixes are so obvious and easy. He has no appreciation or desire to have a competent highly productive sales group. He also has no clue how to structure a product to ramp and be delivered with minimal effort.
Ferris would triple his net worth by quitting.
And now the market can stew on that report from now til late March.
How low does it go between now and then?
May I be first to say…..YUCKIE results.
It will be obvious in today’s after hours reaction.
IF the report is very good (likely) and the stock trades lower tonight then YES they will be getting back in.
Looking like the bottom is behind us and 4.75 support level has held!
My guess is you made a smart purchase. I think by one week from today it will be either 6 or 12 or 21. My guess is 12.
And a nice step up today on news of a profitable Q4 and STRONG 2022. Read the cc transcript.
Gold is up big and going even higher, yet GGGOF is still in the cellar. Why? The CEO needs to get New Mexico opened and producing ASAP. Hire a local manager and get it done.
Don’t take offense with my Saturday message, I was just makin a joke! Good to have you back on board.
Where can you buy shares on a Saturday?