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Yep agreed on ADFJF management. Company bought back their shares at the peak 3 months ago. Pretty dang slimy. And the stock has been weak ever since. Like someone knew about that $35M in revenue getting pushed back. Imagine if that revenue had been recognized in Q2. Talk about a blockbuster quarter!
ADFJF in the penalty box, but still there's lots of value around $8. Company just posted .51/share in earnings (.38/share US). Crazy low P/E, but the kind of stock that will trade at a low P/E. I'll be adding shares. Slowly.
Interesting comment on the brief CC this morning. Said there seems to be a pause on orders ahead of the election uncertainty. That sounds like something that could be going on across many sectors...
Yeah I liked the MIND CC this morning. Think they said revenues in the second half should be better than the 1st half (and they were pretty strong in the 1st half).
Stock has run up nicely from the low $3's earlier in the week. I trimmed a little over $4. Bought some in AH yest. Would be a buyer if there's another dip.
MIND should shoot higher again at some point. I like the super easy comp they'll have for their fiscal Q3 results, but that's not til December.
I added a few more PPIH today as well. Low this morning was $10.53?? I sure missed that.
Picking up some more MITQ. Another order announced this morning-
https://finance.yahoo.com/news/moving-image-technologies-awarded-project-110000759.html
That's now 5 orders since June. This low floater is trading below cash...seems super cheap to me but nobody really seems to care. Fiscal Q4 numbers later this month won't be anything great. But then results should start improving nicely, given the recent orders.
ADFJF a wild one today. The report was a mixed bag. Obviously the $35M in revenue getting delayed not good. But margins & earnings were very strong. They still earned .51/share in fiscal Q2 vs .32/share last year.
Wasn't sure which way the stock would go today. I was guessing down a little. So was happy when the stock opened up. Sold a few in the $10's and looked like it was going to shoot even higher. Then it quickly reversed and hit the low $8's. I added some. But might be dead money for awhile unless they announce some large contracts.
https://finance.yahoo.com/news/adf-group-inc-announces-results-110000679.html
Anyone buy PPIH today? Stock looks pretty cheap in the $11's after just posting fiscal Q2 earnings of .40/share vs .13/share last year. And the strong backlog of $75.5M doesn't even include the $46M in contracts announced last month. So the exciting thing is revenues & earnings could ramp even higher.
Stock traded up to $12.30 today, then faded in the last hour. I missed the late $11 low, but picked up a few shares. With that excellent quarter sitting there...plus the huge backlog...seems like a good bet to break out to new 52-week highs. Could trade up to the mid teens on momo buying if that happens. If we get any additional contract PRs, all the better.
KEQU fairly disappointing (maybe something did leak out). Revenues & operating income down. Fiscal Q1 earnings of .74/share not terrible considering the India delays. And the backlog increase is encouraging. But the stock is going to drop back. It's already down 14% AH. I'm in no rush to add.
https://finance.yahoo.com/news/kewaunee-scientific-reports-results-first-204600339.html
MIND report about what I expected. Nice revenue & operating income comps. But the preferred dividend wiped away the earnings. Wish they would have explained how earnings would have been .10/share if adjusted for the now completed preferred conversion. Backlog down sequentially like we thought. But they mentioned $6M in orders (or potential orders) since the quarter ended.
I think the stock may get a bump higher tomorrow. But probably not much after the run-up the past couple days in anticipation of decent results.
https://finance.yahoo.com/news/mind-technology-inc-reports-fiscal-201500854.html
Heck of a market rebound from this morning, when the Dow was down 700 points. Any particular reason?
Wow heck of a quarter on PPIH! Kicking myself that I didn't hold into the report (easy in hindsight). Should have looked closer at PPIH after jtomm alerted us to the $46M in contracts last month. Stock popped big on that PR, then faded back to around $10. Where we all should have been buying as they earned .18/share in their seasonally weaker Q1, had a fairly easy bottom line comp for Q2, and were at the very least going to give an optimistic outlook with those recent large orders. Dang oh well. Certainly wasn't expecting them to post a .40 quarter! Already. Hate to chase up 20%+, but the stock still looks undervalued.
https://finance.yahoo.com/news/perma-pipe-international-holdings-inc-132000030.html
Joined you guys on ETCC with a few shares in the $1.70's. Looks like an attractive hold into their fiscal Q2 report next month, as could be a great looking comp. And with the nice contract news this week, current backlog should still be north of $100M.
Just read through the FEIM CC transcript. Think that was gilead on the call asking questions. Or at least someone who asked a lot of good questions that sounded like things gilead would want to know. I'll be curious to get his take as well.
Stock seems fairly valued to me in the $12's. Revenues & backlog down sequentially. But gross margins in the quarter were excellent, thought that was the highlight. They also said R&D expense was unusually high, so that should be coming down. Sounds like gross margins could slip a little too, though. They sound very confident that orders will continue to roll in, even though the book-to-bill was weak in Q1. Also I thought it was a bit troubling that someone had to point out the positive 1-timers in the year ago Q1...and management seemed confused by this.
I'd jump back in if there was some crazy momo selloff today. But it's just not the deal it was in the $9's a couple months ago imo. Stock has moved up a bunch since then. And they paid that $1/share special dividend too.
Interesting on Schwab. Although I just tried to log in and got an error message saying the Streetsmart platforms are being retired and replaced. So maybe it's only for people who haven't switched over yet. No biggie. I've gotten used to thinkorswim and like it just as much.
Yeah kinda what I was thinking on FEIM. Solid quarter. But not surprised to see the stock pulling back some AH, after the big run from the $9's since July. Not sure why they didn't point out the year ago Q1 included some positive 1-timers. Woulda make the earnings comp look way better. I'll check out the CC transcript later. Backlog down sequentially not great, maybe it's peaked. I was worried about no new order announcements since those 3 huge orders last November.
https://finance.yahoo.com/news/frequency-electronics-inc-announces-first-200500582.html
Good luck on IART. I'll probably wait for some evidence of a turnaround before buying. Have learned over the years when a company starts putting out lousy quarter after lousy quarter after lousy quarter...don't keep buying all the way down.
Looks like the IART CFO presented at 2 conferences last week. Those are kinda important things to listen to (especially if you only own 2 stocks). You sold IART yesterday and then finally listened to one of the presentations from last week? That makes sense.
MIND seems to be under accumulation today, ahead of earnings tomorrow after the bell. Not expecting any miracles, but should be a decent comp. KiK doesn't agree so I didn't go too crazy. But feel like I'm gonna wish I had bought more shares in the low $3's
Uh yeah, can't like IART too much if you bailed yesterday-
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175056298
None of us can understand all these posts...one day you like a stock, the next day you're selling. I mean that's fine, but why do you feel the need to make a hundred posts as you constantly trade in & out. I agree that IART might be one to buy and hold for a year. But that seems impossible for you. Holding for a week is an accomplishment.
Well that doesn't sound great on IART. If it takes another 4-5 quarters to get things turned around. Company has performed poorly for many quarters now. And they have another ugly comp on deck. I'd rather just wait and see them make some progress before buying. Even though I realize I will be paying more. Hope it works out. I get the appeal in the $17's. Tons of rebound potential IF they get their act together.
Nice timing on NOA. Stock moved up to $20+ recently after that large contract announcement. Wish I'd been selling. So I could reload in the $17's today. But I thought it was still really cheap at $20. And they should have a stellar Q3 comp on the way. I bought more today and will continue accumulating ahead of that report at the end of October.
Yep on KEQU. Still came up with around $1.25/share or so in earnings last quarter, with a more normal tax rate. Fiscal Q1 earnings prob not nearly that strong (especially after the huge selloff in the past 24 hours), but I think it should be another solid quarter.
I added a few more KEQU. Wish I was starting to buy now. Unfortunately I bought some around $46 yesterday (yuck!). The later earnings date could mean a softer quarter, but the stock was still trading in the $53's yesterday morning when we knew that. So I don't get the sudden panic selling. Based on the recent string of excellent quarters and their strong backlog, seems like the KEQU numbers should be at least decent. Guess we'll find out tomorrow.
Wow anyone else watching KEQU?? Down another 15% today to the $38's. This stock was in the $53's yesterday morning! Quite the pre-earnings crash. Guess we'll find out how the numbers look tomorrow. Seems like it should be a pretty solid quarter with earnings over $1/share. So I don't get the huge selloff in the past 24 hours. Strange.
Nice follow through on PDEX today. Hit the $27's after being available in the $22's on Friday after the strong earnings report.
KEQU getting whacked 16% today? No news that I can find. KEQU another one reporting this week. Wednesday after the close. I rebought a few shares on today's selloff. Should be another solid quarter. But they're reporting almost 2 weeks later than last year...not great. Today's selloff not the best sign either.
ESP bumping up their quarterly dividend to .25/share. Hopefully bodes well for fiscal Q4 results out later this month. Should be a strong quarter based on the backlog shipments. And a favorable comp.
Oh right on PSIX. There was a $5M legal gain which led to the low SG&A. Adjusted Q2 earnings of .72/share, and that was a terrific quarter. So to assume $1/share per quarter going forward seems like a stretch imo
Anyone contacted them about the tax issue? I'm surprised they have any NOLs left, considering how much money they've made in the first 6 months of 2024.
"I am starting to wonder what PE to attach to KINS."
I'm going with 7.8. And that's definitely not one man's very subjective opinion.
I did add some KINS this morning. Because instead of complaining, I take advantage when I think a stock is undervalued.
Wasn't SG&A on PSIX abnormally low last quarter? I wouldn't annualize that, but to each their own.
Also as I've mentioned before, it appears their tax loss carryforwards will be exhausted this year. So paying taxes at a full rate will obviously be a hit to EPS.
FEIM reports tomorrow after the close. Good luck to those holding into the report. Should be another solid quarter. But I don't think the fiscal Q1 comp will look as impressive as it did in Q4. With the stock up 50% in the past few weeks, I don't find the risk/reward as compelling near $14. But maybe they'll post a huge quarter?
Annual report available today via SEC filing. The CEO letter worth checking out-
https://www.sec.gov/Archives/edgar/data/39020/000118518524000874/frequencyars2024-final.pdf
Yep seemed inevitable on VIRC. Business has been booming, it had to slow at some point.
Today's drop seems a little overdone imo. Anyone buying for a bounce?
Small caps are lagging, but getting pulverized? Hardly. Maybe that's why it's good to own more than 2 or 3 stocks.
Adding some NOA on today's pullback. Seems like a great bet heading into what should be a terrific Q3 comp at the end of October. Even more so after that significant contract announced last week.
Added a few CSPI in the $11's. I def jumped the gun buying in the $14's a couple weeks ago. After the Nerges pending buyout proposal sent the stock to the $16's. I'm surprised it has since fallen this far. But maybe we'll be able to buy below $10?
Yeah rough day on my screen. Lots of red. One green. Yikes!
Strong Q4 for PDEX. Better than I was thinking. Only negative is the backlog continues to slide lower. But I guess not too surprising given the big revenues.
https://finance.yahoo.com/news/pro-dex-inc-announces-fiscal-200000278.html
Could be right on MIND. I'm quickly underwater ha. Trading a lot of volume premarket this morning. Kinda strange.
I take it you're on the sidelines. Would you jump in if the price kept dropping? MIND still looks like an attractive gamble into earnings on Wednesday, and I plan to accumulate more. As I think the stock shoots higher on a favorable earnings comp. No guarantees obviously. And larry is probably right about the extra expense in the quarter with getting the preferred conversion done...so that's not great. At least that's behind them now.
Anyone have thoughts on the MIND preferred conversion?
https://finance.yahoo.com/news/mind-technology-announces-completion-preferred-110000177.html
Seems like a pretty big headache now gone. Hopefully that'll mean lower expenses going forward. MIND would have earned .12/share or so last quarter with a share count of 8M and the elimination of the preferred dividend.
Yet the stock has fallen to a 52-week low? They report fiscal Q2 results next Wednesday and it could be a favorable comp. I'm picking up a small position. No orders announced in the quarter, so guessing backlog will be down a chunk sequentially. But should still look good vs last year. As would positive earnings vs a year ago loss. Maybe the report will be a dud, but I like the risk/reward in the mid $3's.
IDR hit $14 today. Up a whopping 40% the past couple of weeks. On no news?
SGRP jumped 65% yesterday after the deal went through. Congrats to those who stuck it out. SGRP getting acquired for $2.50/share in cash. Stock had dropped all the way back below $1.50 recently...so the deal was looking pretty shaky. Wish I'd been buying the whole way down.
https://finance.yahoo.com/news/spar-group-enters-definitive-agreement-120500482.html