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Ian Cassel and I created a two part radio program entitled "So You Want To Be A Full Time MicroCap Investor?" It should be helpful to investors even if they don't want to go full time. Enjoy!
http://microcapclub.com/2015/01/so-you-want-to-be-a-full-time-microcap-investor/
http://microcapclub.com/2015/02/so-you-want-to-be-a-full-time-microcap-investor-part-2/
PSIX presented at Roth. They have a really good presentation. One takeaway is that it appears that the drop in oil prices really will not have much of an impact upon them. There are other drivers for conversion to natural gas (e.g. engine cost, cheaper costs at the wellhead, etc.). Also, from their presentation, it appears that natural gas is still more economic than oil even at this price. Having said that, I do want to spend some time comparing the economics of natural gas as a fuel vs. diesel.
http://www.wsw.com/w...st/roth29/psix/
The PFHO bid has been moving up over the past several days.
I haven't used my Sodastream in over a year because I got so busy and didn't have time to buy supplies. Now that I have more time I would actually like to go back to using it because I believe it uses a healthier sweetener for diet drinks. I have to investigate that.
Having said that, I wouldn't use my thoughts here as a reason to buy Sodastream stock.
Ian Cassel and I created a two part radio program entitled "So You Want To Be A Full Time MicroCap Investor?" It should be helpful to investors even if they don't want to go full time. Enjoy!
http://microcapclub.com/2015/01/so-you-want-to-be-a-full-time-microcap-investor/
http://microcapclub.com/2015/02/so-you-want-to-be-a-full-time-microcap-investor-part-2/
I am a ghost.
Just drink heavily then. This way on Monday you will not remember if it was a good weekend or a bad weekend.
Ian Cassel and I created another part in the radio program series entitled "So You Want to Be a Full Time MicroCap Investor?" In this program we answered some good questions from our audience on Twitter. Enjoy!
http://microcapclub.com/2015/02/so-you-want-to-be-a-full-time-microcap-investor-part-2/
Ian Cassel and I created another part in the radio program series entitled "So You Want to Be a Full Time MicroCap Investor?" In this program we answered some good questions from our audience on Twitter. Enjoy!
http://microcapclub.com/2015/02/so-you-want-to-be-a-full-time-microcap-investor-part-2/
Have a great weekend everyone!
I still have a position in SCKT.
Omni-Lite passes key new customer approval requirement
Omni-Lite fastest gainer on the TSX-V with a 47% return year to date
CERRITOS, CA, Feb. 18, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (OML.V), the "Company" or "Omni-Lite", is pleased to announce that it has recently passed the vendor approval requirements of a new large Tier 1 Aerospace customer based in Southern California. Given the strict manufacturing and quality requirements of the major airframe manufacturers, this approval is necessary before this customer can engage Omni-Lite in the detailed engineering and complex manufacturing of the products for which the approval was obtained. The Company is also going through another "New Component" approval process with a separate existing customer in the Aerospace industry.
"These potential programs are the result of a dedicated effort to expand our activities in the aerospace community, which is benefiting from continued growth worldwide," stated Allen W. Maxin, President.
"As a measure of the success of the Company, Omni-Lite has been recognized as one of the top 10 gainers in the Globe and Mail, again this last week (February 14, 2015) for the third time in four weeks. The Company is now the best performing stock on the TSX Venture Exchange with a return of over 47% year to date. As reported by the Globe and Mail, Omni-Lite is also the second fastest growing stock in Canada if you include both Exchanges in the TSX family. The Company would like to thank our customers, shareholders and employees for the team effort in making this growth possible", stated David F. Grant, Chairman and CEO.
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by several Fortune 500 Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to,the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Q4 results weren't as good as I expected. Having said that I expect them to grow in 2015 and beyond. They do have a good industry tailwind behind them. I like the fact that their products are being designed into other types of applications. I'm not as bullish as I once was.
Yesterday vaporized....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110956296
Ian Cassel and I created another part in the radio program series entitled "So You Want to Be a Full Time MicroCap Investor?" In this program we answered some good questions from our audience on Twitter. Enjoy!
http://microcapclub.com/2015/02/so-you-want-to-be-a-full-time-microcap-investor-part-2/
Reminder - Monday is a stock market holiday. - http://www.thestreet.com/stock-market-news/11771386/market-holidays-2015.html
At the moment I don't have access to real-time Canadian trades so I'm just using yahoo on a delayed basis.
It is best to use the Canadian price and then use the proper currency conversion rate. I recommend that with all Canadian securities.
OLNCF / OML.V printed a fresh 52 week high of C$1.62.
You're welcome....I plan on writing on topics like this over the next year.
If there is any topic someone wants me to write about feel free to suggest it. I can't promise that I will write on the topic but I will consider it.
Also, I recommend subscribing to the MicroCapClub blog which will e-mail you each of the blog posts. You just need to enter your e-mail address in the upper right hand corner of any of the blog pages such as the main blog page which is located here:
http://microcapclub.com/blog/
NHTC Approved for Nasdaq Capital Markets Listing; Expands Board
Trading Scheduled to Commence on February 17, 2015
DALLAS, Feb. 12, 2015 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NHTC), a leading direct selling company that markets premium quality personal care, wellness and "quality of life" products under the NHT Global brand, today announced that its shares of common stock have been approved for listing on the Nasdaq Capital Market. Trading on the Nasdaq Capital Market is expected to commence on Tuesday, February 17, 2015, and the Company's common stock will continue to trade under the symbol "NHTC." The Company's common stock will remain on the OTCQB until it transitions to Nasdaq.
In connection with the Company's Nasdaq listing approval, the Company's Board of Directors was expanded to provide for five directors, and Kin Y. Chung and Christopher R. O'Brien were elected to fill the newly-created vacancies. Mr. Chung is recently retired from Bioherb Technology Company, Ltd., a private Hong Kong company that served as an importing company for food and food manufacturing products, which Mr. Chung founded and for which he served as President. Mr. O'Brien is a principal with the national law firm, Polsinelli LLP, where he specializes in corporate law. Both Messrs. Chung and O'Brien qualify as "independent directors" under the Nasdaq Marketplace Rules.
"We are honored to be uplisted to the Nasdaq Capital Market and to add Messrs. Chung and O'Brien to our Board," commented Chris Sharng, President of Natural Health Trends Corp. "The transition to Nasdaq underscores the strength of our business as a global provider of premium personal care, wellness and 'quality of life' products. We believe this move will support our evolution as a public company, increase our visibility to the institutional investment community, provide greater access to capital, enhance trading liquidity of our common stock and broaden awareness of our brand." Mr. Sharng added that, "Kin Chung and Chris O'Brien bring outstanding backgrounds and experience to our Board, and I have no doubt they will make important contributions to the Company."
In addition to the cash compensation payable to Messrs. Chung and O'Brien in their capacity as non-employee directors of Natural Health Trends Corp., they each were granted 3,058 shares of the Company's restricted stock. These shares of restricted stock will vest on a quarterly basis over a three-year period. The grant of shares of restricted stock to the Company's non-employee directors is designed to further align the interests of the Company's directors and stockholders.
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, North America, and Europe. The company markets premium quality personal care, wellness and "quality of life" products under the NHT Global brand. Additional information can be found on the company's website, www.naturalhealthtrendscorp.com.
Forward Looking Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption "Risk Factors" in our Annual Report on Form 10-K filed on March 7, 2014, with the Securities and Exchange Commission. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
View photo
.
Contact:
Company Contact
Scott Davidson
Chief Financial Officer
Natural Health Trends Corp.
Tel: 972-241-4080
scott.davidson@nhtglobal.com
Investor Contact
Brett Maas
Managing Partner
Hayden IR
Tel: 646-536-7331
brett@haydenir.com
I wrote a third part to my investment philosophy series....
My Secret Recipe: Inspecting the Ingredients
http://microcapclub.com/2015/02/my-secret-recipe-inspecting-the-ingredients/
OLNCF / OML.V has a very strong balance sheet. The remaining portion of the buyback will only tap a small portion of their cash and they have no debt. Unless they are pondering acquisitions, they probably don't need all of the cash that they have. Therefore, I think the buyback is a wise use of capital.
I wouldn't call them canucks as they are based in California. Last year OLNCF / OML.V reported the annual results on April 23rd and the first quarter results on May 30th. I would expect this year to be similar.
Socket Mobile Announces 2014 Fourth Quarter and Annual Results Release Date and Conference Call
NEWARK, Calif., Feb. 11, 2015 /PRNewswire/ -- Socket Mobile, Inc. (SCKT), an innovative provider of mobile productivity solutions, today announced that it will release its 2014 fourth quarter and annual financial results at the closing of the market on Wednesday, February 18, 2015. The Company will also host a conference call and webcast to discuss these results that will begin at 5 p.m. Eastern Time (2 p.m. Pacific Time).
http://finance.yahoo.com/news/socket-mobile-announces-2014-fourth-113000701.html
That is good news for WFCF.
Where is everyone?
I'm long OLNCF/OML.V and have been for some time. You can read my research here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110741517
Here is my OLNCF/OML.V DD....
Omni-Lite is a manufacturer of precision metal components for a variety of markets such as automotive, commercial, aerospace, and military markets. You can read more about what they do here: http://www.omni-lite.com/profile.php
Omni-Lite is a Canadian issuer but they are located in the United States in California. It is important to note that they report their financials in USD. Because of this, as a US investor I don't need to be concerned with exchange rates. Omni-Lite trades in Canada as OML.V and in the US as OLNCF.
Here is a summary of my investment thesis:
1. They have received new orders that point to significantly increased revenue and earnings going forward. In fact, I estimate Q1'15 earnings at USD$0.06/share.
2. The facts suggest that this new level of revenue is sustainable going forward. Furthermore, they may be able to grow revenue from this level.
3. They have a rock solid balance sheet. The current stock price is less than the book value.
4. They have a stock buyback in place.
New Orders
Over a little more than three months, the company has issued press releases that indicate orders of approximately USD$7.0M. To put this in perspective, they have USD$6.0M in revenue for trailing the trailing twelve months. The details of these orders are listed below:
10/27/14 USD$0.792M orders - http://finance.yahoo.com/news/omni-lite-industries-receives-military-134700650.html
11/27/14 USD$2.471M orders - http://finance.yahoo.com/news/omni-lite-announces-record-contract-163000840.html
01/12/15 USD$2.8M order - http://finance.yahoo.com/news/omni-lite-receives-2-8-133000422.html
02/04/15 USD$0.919M orders - http://finance.yahoo.com/news/omni-lite-sees-revenue-margin-172000470.html
Financial Impact of New Orders
Each of the press releases above points to increased revenue and earnings. However, it is the most recent press release that really hits one over the head with the impact. In this press release they indicate that January 2015 revenue is up 78% from January 2014 revenue and that gross margin increased by 890 basis points. Furthermore, they state: "It is expected that these promising metrics will continue as the Company delivers on the military and automotive contracts announced in the last two months. These results also are being buoyed by a steady increase in the Company's aerospace business, as the main airframe manufacturers continue record production."
Based upon the statements in all of the press releases above, I think that January performance is indicative of what we can expect for Q1'15. In Q1'14 they had revenue of sales of $1,373,328 and GM of 59.5%. So, I'm estimating that revenue in Q1'15 increases by 78% and is somewhere around $2.45M. Likewise, GM should be around 68.4%. Operating expenses for the past seven quarters have been between $0.724M and $0.771M despite the fact that revenue fluctuated between $1.1M and $1.8M. So, I think a conservative estimate is that operating expenses are $0.9M. Using a diluted share count of 12.5M shares and no taxes, that translates to EPS of $0.062/share. I'll leave it as a reader exercise to assign a multiple and valuation.
Sustainability of Revenue and Growth
There are a few items that suggest that the new level of revenue is sustainable. First of all, the two large orders above are long term in nature. One order is spread over one year and the second order is spread over two years. Both programs sound to me like they have the potential to be extended longer term.
One item of particular interest in the 01/12/15 PR regarding the $2.8M order is the following statement: "This product will be utilized in approximately 30% of the cars manufactured in North America annually," stated Allen W. Maxin , President. "As a result, future projections by our customer show further increases in demand, which Omni-Lite is well prepared to meet." So there is upside in this order.
The company has published a plan they call the “Vision 2015 Plan.” It is disclosed in their MD&A. One of the tenants of this plan is “Sales Growth of 20 percent to 25 percent per year.” Many of the other tenants of this plan seem seem to be building blocks that will enable them to realize their sales growth. I really like it when a company has concrete plans for the future.
Finally, in the Q3'14 MD&A they indicate that they are purchasing some new equipment. I don't know the details of this equipment as I haven't had a chance to contact management. At a minimum this new equipment improves their capabilities. I further suspect that it increases capacity. They are expecting this new equipment to be delivered in Q3'15.
Balance Sheet
The balance sheet has a book value of USD$1.52/share, a tangible book value of USD$1.52/share, and cash of USD$0.17/share. Furthermore, they have no debt.
Stock Buyback
In May of 2014 they initiated a stock buyback via a Normal Course Issuer Bid. The Company may repurchase for cancellation up to 604,000 common shares of the Company which is equal to approximately 5 percent of the 12,096,932 issued and outstanding shares. As of the Q3'14 report they indicated that they had repurchased and canceled 392,000 shares in 2014. You can see further evidence that they are actually buying shares by looking at the following link:
https://www.canadianinsider.com/node/7?menu_tickersearch=OML+%7C+Omni-Lite+Industries+Can
I will also point out that a 10% shareholder has been selling a bit. This holder is not a member of management or the BOD.
Disclosure: I'm long Omni-Lite shares and they are a major holding for me.
Buy 4000 shares of OLNCF/OML.V for USD$1.18 for the SwingTrade Portfolio.
There are lots of things I like about VTSI and still am watching the company. What led me to sell was that I'm not sure how sustainable their increase in revenue is. They haven't announced what Q4 bookings were which I suspect implies that they weren't exciting. I do like the Modern Round announcement although it will take some time before that impacts the top and bottom line. The bottom line is that revenue and earnings should be good in the near term but I have a hard time understanding what they might be longer term. Given the movement in the stock price I decided to take profits.
Sell 50,000 shares of VTSI at $0.1648 for the SwingTrade Portfolio.
No. I don't know of any in this area. For transistors, I would imagine that large semiconductor companies (e.g. Intel size) would tend to be looking at the more advanced technology like this. Any small companies in this arena would likely be very speculative.
Socket Mobile Appoints Lee Baillif Vice President of Operations
NEWARK, Calif., Feb. 2, 2015 /PRNewswire/ -- Socket Mobile, Inc. (SCKT), an innovative provider of mobile productivity solutions, announced today the appointment of Lee Baillif, 54, as Vice President of Operations. He will be responsible for Socket Mobile's worldwide operations.
Mr. Baillif has been with Socket for more than 20 years and has served as Vice President and Controller since January 2007. Lee, as leader of the accounting and finance team, has worked closely with the operations team and has extensive knowledge of Socket Mobile's systems, personnel and processes. His operations responsibilities include manufacturing, purchasing, quality control, inventory management and product distribution.
"We are excited to have Lee step into the role of Vice President of Operations," said Kevin Mills, president and chief executive officer. "Lee has a strong systems background that will be instrumental in upgrading our internal systems and procedures to accommodate the growth we are expecting. Lee has worked closely with Socket Mobile's production vendors and production personnel for many years which will make the transition very smooth.
"Lee replaces Tim Miller whose departure was recently announced. We are very appreciative of Tim Miller's service and wish him well in the future," concluded Kevin Mills.
About Socket Mobile, Inc.
Founded in 1992, Socket Mobile is a leading innovator of mobile devices and productivity tools for retail POS, field service, healthcare, and other mobile markets. Our portfolio includes wireless handheld and hands-free barcode scanners for tablets and smartphones; durable mobile devices and accessories; and OEM solutions for the mobile device market. Socket Mobile is headquartered in Newark, Calif. and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on Facebook and Twitter @socketmobile and subscribe to sockettalk.socketmobile.com, the company's official blog.
Investor Relations Contact:
Socket Mobile Investor Contact:
Todd Kehrli / Jim Byers
Dave Dunlap
MKR Group, Inc.
Chief Financial Officer
323-468-2300
510-933-3035
sckt@mkr-group.com
dave@socketmobile.com
Socket is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners. © 2015, Socket Mobile, Inc. All rights reserved.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/socket-mobile-appoints-lee-baillif-vice-president-of-operations-300028779.html
The SwingTrade Portfolio is up 546.6% since inception and 5.8% YTD.
http://investorshub.advfn.com/SwingTrade-Member-Forum-1781/