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Just saw Meggitt on NBC national news
Six screens like Virtra, but pretty sure CGI, not real actors. Still, where was Virtra in all of this?
I'll ask Bob.
Which is why I keep nagging Bob and others to declare a dividend. They promised $1,000,000 in buybacks, I've yet to see even a fraction of that. If they are not going to invest it in something useful then they should pay it out in dividends.
Why not pay a dividend?
From this group and a PR I've learned the following:
They say they are going to buyback shares, but they don't.
No evidence that they are going to invest in an acquisition.
No evidence they are investing internally, other than normal business expansion as sales increase.
They are sitting on $4.9 million in cash, which is about 61 cents per share, and they are likely to keep generating cash as they grow.
Why not start paying a quarterly dividend of 8 cents a share, which would yield 7.3% based on the current price? At least we would get something back from our investment, and might actually see the price increase in the current low interest rate environment.
I'm not interested in what they "should" do with the money as its obvious they aren't doing anything of the sort.
So why not a dividend?
Go back and read post 45011, and click the link to see what Liolios did for another company, trading much like Virtra.
I have the 7th edition of Edwards and Magee at home. Been reading it for many years.
Ascending Triangle, with increasing volume..
I own this domain, so it is safe to click:
https://www.booktrakker.com/Economy/Virtra.jpg
Based on other companies that Liolios has promoted its looking very good for Virtra, providing they can deliver on sales and earnings, which is problematical at best.
They need to find some way to leverage all that cash into something that can smooth out the sales/earnings chaos.
Actions speak louder than words!
AUSTIN, Texas, April 6, 2016 (GLOBE NEWSWIRE) – Asure Software, Inc. (NASDAQ: ASUR), a leading provider of Human Capital Management (HCM) and workplace management software, has engaged Liolios to lead their investor relations and financial communications program.
https://www.booktrakker.com/Economy/ASUR_April_2016_Hires_Liolios.jpg
Take a close look at the chart. Look familiar?
What can Virtra do with $5 million in cash?
I've been trying to figure out what Virtra can do with the $5 million in cash they seem to always have on hand. What acquisition can they make that is similar to what they do now, or what can they invest in their own business to expand sales that they don't already do? The money just sits there, earning almost nothing for the bottom line.
Does anyone have any ideas about what they can use these funds for to expand their business beyond what it is now? Specific ideas.
I would prefer the growth as well, but I've been waiting for over 10 years to see it happen, reliably. So far that hasn't happened, so why not get some money back? If nothing else a stock yielding around 5% is at the high end of dividend stocks, that by itself should generate some interest in the stock.
Meant to say 6 cents, quarterly, for 24 cents a year.
I keep telling them to pay a dividend of 24 cents a share, quarterly, which translates to a 4.7% yield at the current price.
Do that and I think the price would go up.
I do not see any evidence after 3 years that they plan to invest any of the cash in either an acquisition or new product, so why not return some of it to the shareholders?
That explains why the price is falling from the 5.88 right after the earnings release. I wonder how much of the gain we will actually keep?
Hayden could not deliver. I made it clear to Glover that if he doesn't deliver then he will be toast, also.
Maybe he can:
http://liolios.com/team-member/matt-glover/
I pointed out multiple times to Matt Glover that although Ferris is a topnotch engineer he sucked as a manager. Matt tried to convince me that Matt Burlend was the actual operations manager, but then he said Matt was an engineer also. I KNOW about engineers. My father was an engineer, my younger brother is an engineer. Both SUCK at management. The engineering mind is NOT people oriented, otherwise they would never have become engineers.
He kept asking about either expanding current business or looking outside for some acquisition. I kept pointing out that in the market they operate in how do you find similar operations to purchase?
I did suggest, tongue in cheek, they buy ARTX, but as you say, that only compounds the problem.
I pushed hard on doing a dividend if they had nothing else in mind. I'm pretty certain a 6% dividend yield would do something to make the stock more attractive. I just looked at the Maxim report. Growing cash throughout. WHY not pay a dividend?
I think they mean well, just like Hayden did. Hayden bragged to me about how they were going to get more institutional involvement, we all know where THAT went, and I told Matt that. How do you promote lumpiness?
Just got off the phone with Matt Glover. Didn't pull any punches about Virtra. Did tell him to look at this board as of all of the boards I've looked at over the years this one is the most useful and professional.
Did point out the most glaring shortcoming is communication with the shareholders, either existing or new. Can't promote the company if you don't talk to people.
Did discuss what Virtra should do with their pile of cash. $4-5 million for the last 2-3 years. Are they a bank?
Either find something useful to invest in or distribute to the shareholders.
Not sure they can find another company similar to themselves, sure don't want them to do a GE.
I did point out that its very hard to promote investment in Virtra when earnings are up and down, quarter to quarter. Wall Street is trained in rising quarterly earnings. How do they overcome that?
Andy
Two trades:
590 shares at 5.57 followed by 159 at 5.30
You beat me to it! I was just going to post the same. One minute its 5.9, next 5.3. I wonder how many shares pushed it down 60 cents in a minute, or 10%?
VirTra Set to Join Russell Microcap Index
Interesting. They put us into the "Producer Durables" sector.
Arotech is a much better fit for Virtra than Axon. Arotech is a simulator company, whereas Axon is a product company. Arotech also jumped yesterday, same as Virtra. My bet, if a company is looking to buy us out, or do a share swap (preferred) that Arotech is the most likely candidate.
That was me.
But I never claimed he was going to run out and buy the stock, just that now he can legally recommend it to his clients, or purchase for those he manages directly.
For all I know he may have done so, but if he had I doubt one smallish investment company is going to have much impact on the stock price.
Now that we are NASDAQ we are exposed to millions more potential investors, but no matter how you cut it, its going to take time for investor interest to build.
I did suggest to Bob they should issue a dividend of 5 or 6 cents, per quarter. Do that and suddenly VTSI looks good from a yield standpoint. Its not like they don't have the cash for it.
What drives Virtra's US sales are lawsuits.
All these police shooting of innocent people which lead to multi-million dollar lawsuits is what's going to drive sales domestically. Far cheaper to invest in training than have cops shooting people at random, costing the localities money.
That said the real opportunity is outside the country. Which is why they are focusing so much effort overseas. More money, less hassle to make the sale.
How about a 5 cent quarterly dividend?
That would be a 3.8% yield, about double the SP 500 yield. Would cost about $1.6 million a year, a little more than they generated last year in cash.
Exactly. My cousin owns a boutique investment firm, investing mostly in socially responsible investments. If judgmental use of force training isn't one of those, I don't know what is.
Now that Virtra is on the Nasdaq he can recommend or even purchase it for his investors. Virtra has a track record, its making money, cash rich, debt free, what's not to like?
There are thousands of similar firms from very small to very large that can now look at Virtra. It will show up in all the growth stock newsletters, all of the filters that are out there, and what's really going to help are all the police shootings of innocent people. As we know, those are not going away, and neither are the lawsuits. Balance the cost of the lawsuits against Virtra training and guess who wins?
Modern Round Impairment, not any money lost or gained. Just an accounting item in the balance sheet. Like depreciation.
Impairment is an accounting principle that describes a permanent reduction in the value of a company's asset, normally a fixed asset. When testing for impairment, the total profit, cash flow, or other benefit that's expected to be generated by a specific asset is periodically compared with that same asset's book value. If it's found that the book value of the asset exceeds the cash flow or benefit of the asset, the difference between the two is written off and the value of the asset declines on the company's balance sheet.
What's really fascinating is Yahoo shows it falling in price today while their chart says the opposite.
We probably won't know until Monday. Earnings after the close. Looking like today's price will hold up. 40,000+ shares traded, its been flatlined at about where it is now.
Broker reports seeing Virtra in his news wire
http://socialequity.com/index.htm reported to me a few minutes ago the following:
First time a wire story was picked up by my news service re: VirTra, looks like they’re taking publicity, press releases seriously in trying to move to the next level.
In 28 days we get 4th quarter and full year 2017 sales/earnings. If the recent past is any guide it should be a pretty good report. Close to when they move to the NASDAQ.
Someone dumped a bunch of stock, ~20K shares. Price fell. Anyone know what's going on? This often happens just before important news comes out.
Probably because they don't have any control over the stock price, other than trying to make it more visible to more investors. Getting listed on NASDAQ would do that, but it doesn't look like that is going to happen, at least not if they have to trade above $3/share, as some here have stated. Even over 5 years they've gone from ~50 cents to $2.65. Not bad for a non-hot growth stock.
I agree they do a horrible job of shareholder communication, but at least they are consistent at that. Considering I bought back in way back in 2009, (after buying in 2004 and selling in 2007) I'm not complaining much about appreciation since then. Eventually they will get their act together, although not soon enough for many on the board.
Somebody wasn't happy!
Price has fallen a bit more than 10% since Monday's new closing high.
I missed it, had a doctor's appointment, so could not ask about Modern Round, which is not resting on its laurels:
https://dailygazette.com/article/2017/10/20/new-virtual-gun-range-coming-to-albany
New closing High!
Traded intra-day higher in 2016, but today is a new closing high for the past ten years or so.
Nice ascending triangle pattern. Although I suspect it will turn into either a more restrained triangle or even a rectangle. Either of which is a consolidation pattern before it resumes its strong move up.
I don't really want to price to go up every day, that sets it up for a crash.
I just got off the phone with Brett Maas, the person who replaced Larry.
email: brett@haydenir.com
web: haydenir.com
He told me he has been promoting the stock to retail and smaller institutional investors since he got on board. I think we now have an explanation for why the price keeps going up, a little at a time, with no obvious news to report.
I did a little research via my cousin who manages a little under $500 million for private investors. He'd love to recommend Virtra to them but before he can even mention it Virtra has to become SEC reporting. He did confirm that when they did that the stock would show up on a lot of Growth Stock newsletters and the like. That alone might propel the price high enough to enable the uplisting to the national market.
The sellers must have seen my post.
It was 2.18 when I posted, now its down to 1.95, on thin volume...
Doesn't take much.
If the pattern holds....
Then VTSI is on its way to $6.76.
Last few years it has made new highs, fallen about 50%, then gone up fourfold. Previous high was 3.35, half of that is 1.675, recent low was 1.69.
My target is $6.76
I have a cousin that is a Registered Investment Advisory firm specializing in socially responsible investments. Small scale, manages under $500 million.
He cannot recommend Virtra to his clients UNTIL its 100% SEC reporting and listed on a national market, no matter what he thinks of the company. (He owns some shares himself)
Most institutional investors are caught in the same bind.