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And more today!
None. I only have a small number of shares left at this point and will hold most of them for the longer term. That said, I do mess around and trade a few shares here and there but it is just peanuts. You can actually thank me for todays move, I sold a few a couple days ago at 8.48.
If I were a day trader…..I would buy right now at 8.97
Not me! I am neither that ambitious nor motivated. But I still have enough shares to care. Especially when my other stocks are sucking at the moment.
Now looking like not just messin around! They are gonna take it up today. Wonder who they is?
Premarket looks entertaining today. Someone messin around. Bid 8.80? Wonder how big it is?
Nice how strong it is trading.
If the growth continues this could easily be a $100 stock within 2 years.
Very true. But one of these times it will and for all the right fundamental reasons. Q3 will come in much better than analyst estimates since hurricanes are very few and nine have hit FL. I also suspect a big special dividend later this year.
W.I.B.T.N. or WIBTN
What is Bill thinking now?
On a semi serious note, any chart readers out there? Seems to me if it breaks 8.50 we are off to the races.
Before the Q2 report I said that either Q2 or Q3 would be VirTras first $10mil quarter. Since it wasn’t Q2 it will have to be Q3. I fully expect both Q3 and Q4 to be over $10mil. Should move the stock solidly into the 12 to 14 range…..or not. Too bad the $10 mil quarters didn’t start 5 years ago like they should have.
Nice looking building! Will be spectacular when VirTra replaces Paramount sign.
They got very good financing terms. Much smarter than paying cash. A little inflation over the next few years and that balloon payment in 10 years will be paid off with cheap dollars. Well done CEO Ferris!
Me thinks you are right. His willingness to dilute himself now makes some sense.
As long as “Net Profit” is identical to “Net Income” then this is pretty damn bullish!
Also interesting the calculation dates to measure the Net Profit are not the same as fiscal year dates. That seems a little odd but doesn’t really matter.
Interesting times indeed!
Break 15 and hello 20.
Break 20 and hello 32.
Fun times ahead!
That was a good question the host asked. Why is Ferris incapable of saying anything smart? It was a great question but a big fat softball that he should have whacked.
Just say….”Several years from now we expect to be a company with a robust Military business, a thriving LE business and a rapidly expanding training business. It is expected that each will be of similar size and growing rapidly. I will have failed as CEO if we are not ramping up and over $300million at that time.”
Or even the truth….”Sometimes we grow at 20% per year, sometimes at 5%, so 3 years from now we should be close to $30million in sales.”
What a clown show.
They literally CANT schedule the annual meeting now because it would require them to list the day, time, and place. One of those is apparently a problem.
Listen to the video at about the 10minutes mark. Bob explains perfectly why he should be removed as CEO. Crystal clear. It explains everything. He cannot fathom why customers and politicians are not flocking to VirTra like moths to flames!!!!!! Unreal.
He still has that “if we build it they will come mentality”. Sit back, wait for the phone to ring.
Meanwhile Axon is crisscrossing the country with 3 semi trucks doing demos everywhere and selling $100mil plus of simulators and training every quarter.
Please reread what I posted. I did not bash anything. I think VTSI is a great stock over the next 6 to 12 months. I do not think that over the long term, 5+ years, that they can compete with Axon.
Thank You!
One of THREE Axon semi-trailer trucks rolled into Green Bay yesterday for all day demos for police and media. De-escalation this and de-escalation that. It is a multi-million dollar rolling sales demo. Hi end everything. They blew away the PD and media and everyone else with their headsets. Can you imagine THREE of these criss-crossing the country! Well done Axon.
VirTra is being out worked and out-sold. Axon is SELLING product, establishing relationships, developing the brand. By the way, they also have non-headset products that compete DIRECTLY with VirTra.
This is not all bad, brings awareness to the market and helps VirTra's feeble efforts. VirTra still small enough that a few Axon crumbs can feed them. But long term (5 years), VirTra is dead.
Where do you see the $24.5mil number?
Certainly a good point regarding WRAP. But WRAP is valued that way due to the near certainty that Acon buys them at some point. CEOs are bros!
You sell, I buy.
Let’s check the score on Christmas Day.
Maybe it’s time we believe what Ferris actually says and does, not what he implys or teases.
He said they did the 18mil direct offering because they could, because there was an opportunity to do it (the direct offering). Simple as that.
Does anyone here honestly believe Ferris would significantly dilute himself if they were on the cusp of a big military thing? Not a chance I say.
Of course a “savvy” lawyer would ask or suggest…..”Shouldn’t the company have known it was likely or even common practice for the receiver of the information to act on it?”
It’s an interesting topic.
Not that I care anymore. Other than a very tiny position I am now out of the stock!
Not quite correct bborden. What is illegal/wrong is to trade or invest based on insider knowledge. Any company can tell anyone or any entity whatever they want. Generally No crime in that. However, if the receiver of that insider info makes trades or invests based even in part on that info then that is the crime.
There are exceptions and caveats to the above and arguments to be made but the overall gist of the above is more right than wrong.
Think about it this way. A company interacts with many outside entities each day in the normal course of business. Quoting, working to define orders, shipping, logistics, customer development, penning PRs,vendor quotes, and on and on. Many of these interactions involve insider info. The company has done nothing wrong.
Big winner is the CEO. We now have zero hope for an activist. All the shares are distributed.
In my opinion it is very simple. I believe they new in advance that the direct offering was coming. That is the only thing that mattered. They new a day or two or more ahead of time. They also knew they would be buying 1mil shares at $6. And they knew the hour it would happen. That knowledge alone provided the opportunity to spike the shares, short 1mil or more at $10. They knew that worse case they could cover at $6. They did better! Covered at sub $5. Then sold all their shares at $7 and $8. All just my idiotic opinion of course.
Sabby is savvy. Likely made over $10 per share in only a few months.
Hopefully he is asked about the annual meeting.
Making hay today and lots of it. See you in the 50s in a couple days.
For now, sell near term covered calls. Wash, rinse, repeat.
They are grossly undervalued and company is now in top tier condition. Will hold for another year or two.
Bought a lot more last week:)
Makin money today!
Based on the just reported quarter there is hope! They got a good shot.
It is nice to have the institutional support that prevented and prevents the free fall that is justified. It tells you exactly to what degree VirTra sold its souls to the likes of Roth, Lakestreet, Maxim. For them to ask the softball questions tells you all you need to know. Wall Street is still plenty slimy.
In private though I bet there are some pretty big really ticked off shareholders.
Well said! Cigars for you and Crown Royal Vanilla for me.
I just dialed in and listened to the replay. If you haven’t heard, please do yourself a favor and DO NOT listen to it. It is disgusting and nauseating. All Ferris does for half the call is look backwards while simultaneously using both arms to Pat himself on the back. I puked twice.
He has zero grasp of how to sell product. Does not even understand his customers much less shareholders. I think tomorrow I dump the rest and buy a camry.
Actually I will keep my shares. He does imply Q3 and Q4 will be really strong. But who the F knows what that means.
Bought my first shares in 2009 and kept on buying for many years. I have made enough money on the stock but they have so underperformed relative to their potential that it is almost a crime to have owned for as long as I have.
I still have too many shares, of course right now even 100 is too many.
If Bob was fired and a real CEO hired this would triple in 3 seconds.