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CSPI...Quite the dip this morning. If it weren't for the rather large position I still have I'd be buying more. Still think this is a good long-term hold but it's taking a lot longer than I thought. Was way overweight in the stock so feel fortunate I sold some off on the spike to the mid $8's.
SD...NICE!!!!!! Still have approx half my shares after selling some in the $13's.
REGI...Chevron to Acquire Renewable Energy Group for $3.15 Billion
https://finance.yahoo.com/m/8b7c2fed-bfe2-3b6d-b22b-f709920f0c81/chevron-to-acquire-renewable.html?siteid=yhoof2&yptr=yahoo
CSPI...+24% today...Volume = approx 1,459,000...WTH? :o]
CSPI...Great day for repositioning!!!...CSPI is now my 2nd largest position after selling some off today. WSTG is now my #1 hold with PCTI coming in at #3. Sold some SD in the $13's today but still hold a somewhat decent position of that also.
Bought back into HPE today too.
This was a strong day...WHEW!! I needed it as I am currently reducing my margin.
SD...Up nice today. Backside of $13.
CSPI... WOW. What a difference today's swing makes on my portfolio balance. Way up on the day. I did sell a few but I'm holding a huge position. Lol.
CSPI...NICE...Huge volume?
BELFB...Excellent quarter!!!
PCTI...Nice report...Adj EPS = $0.12..."Strong performance in the fourth quarter with record orders and backlog, most of which will convert to revenue in the first half of 2022."
PCTEL Reports Fourth Quarter and Full Year Financial Results
BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI) announced its results for the fourth quarter and full year ended December 31, 2021.
Highlights
Revenue of $26.0 million in the fourth quarter and $87.8 million for the year, 22.8% higher compared to the fourth quarter 2020 and 13.4% higher for the full year compared to 2020. Revenue was 24.7% higher in 2021 for antennas and Industrial IoT devices and 6.8% lower in 2021 for the test and measurement products compared to 2020.
Gross profit margin of 45.9% in the fourth quarter and 46.1% for the year, compared to 50.1% in the fourth quarter 2020 and 49.0% for the full year 2020. The decline in the gross margin percentages in 2021 compared to 2020 is primarily due to a higher mix of antennas and Industrial IoT devices.
GAAP net income per diluted share of $0.02 in the fourth quarter and $0.01 for the year, compared to $0.10 in the fourth quarter 2020 and $0.19 for the full year 2020. The Company recorded restructuring expenses of $0.8 million during the fourth quarter 2021 related to the transition to contract manufacturers in China and related to eliminating headcount positions in Beijing.
Non-GAAP net income and adjusted EBITDA are metrics the Company uses to measure its core earnings.
Non-GAAP net income per diluted share of $0.12 in the fourth quarter and $0.27 for the year, compared to Non-GAAP net income per diluted share of $0.12 in the fourth quarter 2020 and $0.31 for the full year 2020.
Adjusted EBITDA as a percent of revenue of 11.8% in the fourth quarter and 9.6% for the year, compared to 15.2% in the fourth quarter 2020 and 11.8% for the full year 2020.
$30.8 million of cash and investments and $0.1 million of debt at December 31, 2021 compared to $41.0 million and no debt at December 31, 2020. During 2021, the Company used $6.3 million net of cash acquired for the acquisition of Smarteq, $4.0 million for dividends, and $3.2 million for share repurchases.
“We live in an increasingly wireless world. PCTEL’s high-performance products are critical components that ensure reliable wireless connectivity across a wide range of applications,” said David Neumann, PCTEL’s CEO. “We’re pleased with our strong performance in the fourth quarter with record orders and backlog, most of which will convert to revenue in the first half of 2022. Our strategies to expand in Europe through acquisitions, to increase our use of channel partners and to invest in new products such as industrial IoT devices and advanced scanning receivers contributed to our success in 2021 and will generate growth for years to come.”
CONFERENCE CALL / WEBCAST
PCTEL’s management team will discuss the Company’s results today at 4:30 p.m. ET. The call can be accessed by dialing (888) 506-0062 (United States/Canada) or (973) 528-0011 (International), PIN number: 546427. The call will also be webcast at https://investor.pctel.com/news-events/webcasts-events.
PCTI...Earnings and cc after the close today...
https://finance.yahoo.com/news/pctel-schedules-fourth-quarter-2021-213000833.html
BELFB...Q4/YE2021 earnings after the close. Cc is scheduled for tomorrow morning 8:30 a.m. ET.
https://finance.yahoo.com/news/bel-fuse-inc-schedules-fourth-191500213.html
SD...SD is currently approx 12% of my portfolio so I hope to see $20 creede. Been adding the last few weeks as kind of a hedge. I think NG prices stay elevated over last year (at least for a while) which could benefit Sandridge nicely.
It definitely does not look overvalued here.
SD...Nice comeback today. Check out last year's NG price chart. Then look at SD's earnings throughout all of last year. So far this year NG prices have been stronger than last. Let's say the rest of the year stays the same. Then consider Sandridge has brought quite a few more wells back online. And they have no more debt (interest payment?).
Sandridge seems to be lined up to have some good profitable quarters this year. (Unless NG prices collapse completely.)
SD had decent profitable quarters last year even in the summer months. So far it looks like their Q4 & Q1 will be strong. And like I said, if prices track last year from here on out, SD should have a great year.
Or am I missing something?
WSTG...Nice addition to the board..."Greg Scorziello brings over 30 years of experience creating and building international operations for early stage and mid-size companies such as EMC when it was a sub 100 person entity. Currently, Greg serves as a board member, strategic advisor and investor for DC Byte, a global information service provider for the Data Center sector. In addition, he is a strategic advisor to Appvia.io as well as an investor and director of Cobblestone Ventures Ltd. Prior to his roles with DC Byte and Appvia, Scorziello has held a number of international leadership and general management positions with a variety of US headquartered companies including Immuta, Infinidat, Activio and IBM.
"Greg adds a breadth and depth of industry experience that will be of great value to the board and company. His knowledge of the European marketplace will be helpful with our existing and expanded business across the continent," said Jeff Geygan , Wayside's Chairman of the Board. "I believe Greg adds an important dimension to our Board, offering additional diversity and perspective as the company executes its long-term plan."
https://finance.yahoo.com/news/wayside-technology-group-elects-greg-210500628.html
NG prices...Shell warns of 'incredibly' tight gas market, but ready to supply more LNG to Europe
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/022122-shell-warns-of-incredibly-tight-gas-market-but-ready-to-supply-more-lng-to-europe
I'm pretty heavy SD.
FTK...Price in the $1.50's now...Volume up huge today and yesterday. I did pick some up in the $1.30's & low $1.40's for a play. Will set stop orders in case it drops.
FTK...Check out Flotek today...Up approx 100% on this news...
Flotek Awarded $1 Billion+ Long Term Contract
HOUSTON, Feb. 17, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, has entered into an agreement with ProFrac Holdings, LLC ("ProFrac") to expand the previously-announced long term supply agreement with one of ProFrac's affiliates.
The Company anticipates that, after closing, the new expansion will increase revenue backlog by at least $1 billion, and up to $2.1 billion, over the next ten years. As part of the transaction, at closing Flotek would (a) issue to ProFrac notes convertible into Flotek's common stock with a maturity of one year, with the amount of notes based on the size of expansion, and (b) grant ProFrac the right to appoint two members to Flotek's board of directors, for a total of four out of seven directors. Conversion price of the convertible notes is $1.088125 per share under certain conditions prior to maturity, or $0.8705 per share at maturity. The convertible notes contain other terms and conditions similar to the convertible notes announced on February 2, 2022.
Closing of the transaction is expected to occur in Q2 of 2022 and is subject to a vote of the shareholders of Flotek's common stock, as well as other customary conditions.
The Company will be providing additional information and an investor presentation, and plans to host a conference call to discuss this new agreement. The contract documents will be filed with the Securities and Exchange Commission via a Current Report on Form 8-K.
Piper Sandler is serving as a financial advisor to Flotek.
CXDO...CEO on a BUYING SPREE...Approx 240k shares bought over the past 3 months...
https://www.sec.gov/edgar/browse/?CIK=0000902111
Current price...$4.24.
PCTI...Earnings next week...Trading @ approx 2.8x cash w/ no debt and a 4.4% dividend yield.
From last Q's cc..."Our revenue guidance for the fourth quarter is in the range of $23.5 million to $24.5 million, and our non-GAAP earnings per share guidance is in the range of $0.08 to $0.10. We project our non-GAAP gross profit margin percentage to be in the range of 45% to 46%."
WSTG...Datadobi Awarded NCPA Contract with Climb Channel Solutions
February 16 2022
Datadobi, the global leader in unstructured data management software, today announced NCPA members can now purchase Datadobi’s software suite through the cooperative via its distribution partner Climb Channel Solutions, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG) and international value-added distributor for disruptive and emerging technologies. The partnership continues Datadobi’s momentum in the U.S. federal sector, and comes after the company was awarded a position on Climb Channel Solutions’ GSA IT 70 Contract and a listing on the federal government’s list of SEWP vendors.
National Cooperative Purchasing Alliance (NCPA) is a leading national government purchasing cooperative working to reduce the cost of goods and services by leveraging the purchasing power of public agencies in all 50 states. Leveraging NCPA’s cooperative purchasing contracts and extensive agency network allows Datadobi to deliver its best-in-class unstructured data management solutions more effectively to over 90,000 public sector and non-profit organizations nationwide.
The World Economic Forum estimates that unstructured data is expected to reach 463 exabytes by 2025, which means government agencies and contractors are in need of reliable software solutions that will help them control this data and reach IT modernization goals. NCPA utilizes state-of-the-art procurement resources and solutions that result in cooperative purchasing contracts that validate that all public agencies are receiving products and services of the highest quality. Datadobi was selected due to its truly vendor-neutral unstructured data mobility engine designed to handle the scale and complexity of even the largest of federal agencies’ storage environments.
“Datadobi continues to prove themselves as one of the most reliable data management vendors in the space. The organization has provided countless value-adds to end-users in both the public and private sectors,” said Dale Foster, CEO of Climb Channel Solutions. “We look forward to working with them to provide unstructured data management services to countless agencies in the public and non-profit sector as they look for a quality tool to best handle business-critical data both on-premises and in the cloud.”
Each year the U.S. government operates over 12,000 data centers across the country and budgets $100 billion in IT services. The NCPA cooperative, in addition to the GSA and SEWP distinctions, will open further opportunities for Datadobi in the public sector space.
“Datadobi is extremely excited about the opportunity to continue our growth in the federal space under NCPA’s cooperative purchasing contract. The partnership will streamline efforts for public and non-profit agencies needing best-in-class data management solutions,” said Jeff Abbott, Director of Federal Business Development at Datadobi. “While we have provided and continue to provide software and services to organizations across the government sector, NCPA will provide an improved level of access that will reduce project timelines for contract holders — ultimately reducing costs. As always, we would like to thank Climb Channel for helping us distribute quality unstructured data solutions across all industries.”
For more information on the NCPA cooperative via Climb Channel Solutions, organizations can visit the NCPA page on Climb Channel Solutions’ website by clicking here. To learn more about how Datadobi’s product suite enables both public and private sector organizations to manage unstructured data, visit www.datadobi.com
HSON...CEO is buying under Rule 10b-5(1). Heck, I held a good amount at one time making strong profits as I sold. Not holding at this time though but watch it every day. May get back in at some point, we'll see. Guessing earnings will be good.
HSON...$32.50 today...What a nice stock this has been over the past year. Sure would be nice to still hold my position. :o)
CXDO...Up 10% today. Insiders still buying.
CSPI...My heaviest position got a haircut today. There seems to be plenty of interest in their product. You're right hweb, biggest problem they have is the supply chain. Boards and hardware are getting delayed. And also having to go to outside agencies to bring in engineers and tech personnel because of the job market situation.
Strong cash, nice margins, low debt, and growth prospects will keep me hanging on. But no, I did not add today. Lol. Added shares in the $8's so going to wait for now and hopefully it heads back up. Just seems so undervalued based on cash alone.
We'll see what happens.
CSPI...Earnings report not too shabby. Sales up and although EPS not quite in the positive yet, they reported nice progress. Cash & backlog remain strong...
"Backlog increasing to over $15 million, under a normal environment we would have seen a significant profit for the quarter."
CSP Inc. Reports Improved Fiscal First Quarter Financial Results
LOWELL, Mass., Feb. 09, 2022 (GLOBE NEWSWIRE) -- CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, reported improved financial and operating results for the fiscal 2022 first quarter ended December 31, 2021, and provided a business update.
First Quarter Operating Highlights and Recent Achievements
Total revenue increased 9% year over year and 24% compared to Q4 fiscal 2021 driven by higher services revenue
Services revenue grew 22% compared to the year-ago first quarter
Continued focus on higher margin products and services lead to overall gross margin of 29.2%
“The business momentum we generated during fiscal 2021 Q4 propelled our fiscal 2022 Q1 performance,” commented Victor Dellovo, Chief Executive Officer. “We reported a 24% sequential increase in revenue comparing Q4 fiscal due in part to pent-up demand for our products and services, which increased 9% as we continue driving that element of our business to achieve our goals.”
We again leaned heavily on the Technology Solutions (TS) business to lead the way, especially the Managed Services Practice (MSP) which is adding new customers at a brisk rate as the team is leveraging the talent drain at smaller companies to generate sales. Our Unified Communication-as-a -Service (UCaaS) continues to show further signs of progress, the supply chain issues which has delayed many customer’s orders, and with our backlog increasing to over $15 million, under a normal environment we would have seen a significant profit for the quarter. We have witnessed a higher level of activity in the cruise business, and currently, we have teams deployed on several ships and we’re optimistic of receiving additional ships in the second half of the year if current operating conditions remain the same.
We are equally bullish on ARIA as we signed two new customers during the fiscal first quarter and believe ARIA is going to be a game changer for our High-Performance Products (HPP) business. Despite continuing to face supply chain issues that inhibit our ability to fulfill customer purchase orders, we have had a strong start to the year. Our team continues to manage the business, and our balance sheet, so that we can quickly execute on the opportunities that strengthen our long-term growth and profit ambitions.
Fiscal Year 2022 First Quarter Results
Revenue for the fiscal 2022 first quarter was $12.4 million, a nine percent increase compared to $11.4 million in the year-ago fiscal first quarter as the Company continues to navigate the impact of COVID-19 and ongoing well-chronicled supply chain issues, which is extending timelines and impacting the Company’s ability to deliver customer orders.
Gross profit for the fiscal first quarter was $3.6 million, or 29.2% of sales, compared with $3.4 million, or 29.7% of sales, in the year-ago fiscal first quarter. The Company reported a net loss of $(366,000) in the fiscal first quarter, or $(0.09) per diluted share, compared with a net income of $1.2 million, or $0.26 per diluted share for the fiscal first quarter of fiscal 2021. The 2021 fiscal first quarter included a gain on debt extinguishment of the Paycheck Protection Plan SBA Loans at the TS and HPP segments totaling $2.2 million, which was established as part of the CARES Act loan. Excluding the gain on debt extinguishment, the Company reported a net loss of $1 million or $(0.26) per diluted share for the first quarter of fiscal 2021.
The Company had cash and cash equivalents of $19.3. million as of December 31, 2021. Due to the Company’s prudent expense management and emergence and continued acceptance of new products and services provided, management believes it has the resources to execute the multi-year growth strategy of transforming to a cybersecurity, wireless and managed services company
Stock Repurchase Authorization
The Company re-activated the stock repurchase program on December 29, 2021 with authorization to buy up to 194,000 shares of the Company’s common stock. The Company did not purchase any shares in the fiscal first quarter ended December 31, 2021.
Conference Call Details
CSPi Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. (ET) today to review CSPi’s financial results and provide a business update. To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at www.cspi.com. Individuals may also listen to the call via telephone, by dialing 866-518-6930 or 203-518-9797 and use the Conference ID: CSPQ122 when greeted by the live operator. For interested parties unable to participate in the live call, an archived version of the webcast will be available for approximately one year on CSPi’s website.
About CSPi
CSPi (NASDAQ: CSPI) operates two divisions, each with unique expertise in designing and implementing technology solutions to help their customers use technology to success. The High Performance Product division, including ARIA Cybersecurity Solutions, originated from supporting initiatives for the Department of Defense and Western intelligence agencies related to network monitoring, data protection, and intelligence initiatives. This focused mindset now results in foolproof data protection, enterprise wide. Our ARIA Software Defined Security solutions set provides enhanced network security, as well as accelerating incident response capabilities, while our Myricom nVoy Series appliances provide automated breach identification and notification, enabled by the 10G dropless packet capture inherent in our Myricom intelligent adapters. CSPi’s Technology Solutions division helps clients achieve their business goals and accelerate time to market through innovative IT solutions and professional services by partnering with best-in-class technology providers. For organizations that want the benefits of an IT department without the cost, we offer a robust catalog of Managed IT Services providing 24×365 proactive support. Our team of engineers have expertise across major industries supporting five key technology areas: Advanced Security; Communication and Collaboration; Data Center; Networking; and Wireless & Mobility.
https://www.globenewswire.com/news-release/2022/02/09/2381893/22427/en/CSP-Inc-Reports-Improved-Fiscal-First-Quarter-Financial-Results.html
CXDO...Announced first small dividend along with some pretty strong statements regarding growth & cash flow for the year...
"Our cash position is strong, and we remain committed to growing the business both organically and through accretive acquisitions. We are convinced that we will maintain significant free cashflow to pay the dividend as well as make necessary investments in business development. My expectation of growing the business by 40% to 50% annually has not changed. I am highly confident in the future of Crexendo, and this dividend is an indication of my belief in the continued growth of Crexendo."
https://finance.yahoo.com/news/crexendo-declares-quarterly-dividend-005-211500659.html
One for the watchlist (especially considering recent insider buying).
Share price $4.17.
LAD...At first glance, Nice pick resercher...Strong report. Not sure what their forward guidance is regarding supply issues though.
One thing for sure, they are making money hand over fist on what new & used inventory they have and in service & parts.
WSTG...Climb Channel Solutions to Distribute Vultr, Offering a Compelling Alternative to Big Tech Cloud
EATONTOWN, N.J., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), today announced a partnership with Vultr, a leading independent provider of cloud infrastructure. With Vultr, Climb can now offer its customers a compelling alternative to Big Tech cloud infrastructure, with an extensive global footprint and disruptive pricing model. VARs and MSPs now have an opportunity to gain high gross profits by finally being able to sell cloud computing like hardware with annualized SKUs.
Vultr is a fast-growing independent cloud provider, offering cloud compute, cloud storage, and bare metal, through a simple web-based control panel or through a powerful API. Launched in 2014, Vultr has served more than 1.3 million global customers, providing cloud infrastructure services in 22 cloud data centers around the world – more than any other independent cloud provider. Vultr serves developers and businesses of all sizes and is the cloud infrastructure behind major studio video games, large-scale web hosting providers, popular enterprise SaaS applications, next-generation video streaming applications, and much more.
“Vultr has built a global, high-performance cloud platform that can handle the complex enterprise cloud use cases that our resellers see everyday,” said Dale Foster, CEO of Climb Channel Solutions. “With 92% of enterprises adopting a multi-cloud strategy, now is the right time for customers to seek alternatives, and Vultr will be a key component of our emerging cloud strategy.”
“We are excited to be able to offer Climb resellers an enterprise-proven alternative to the Big Tech clouds,” said Shane Zide, VP of Global Sales & Channel at Vultr. “Vultr is committed to working with Climb to enable its resellers to be able to offer high-performance cloud infrastructure with industry-best margins and channel-friendly SKUs.”
https://www.globenewswire.com/news-release/2022/02/08/2380799/0/en/Climb-Channel-Solutions-to-Distribute-Vultr-Offering-a-Compelling-Alternative-to-Big-Tech-Cloud.html
CSPI, WSTG...Hoping the comments from ATEN's report a couple weeks ago bode well for CSPI & WSTG this year (Side Note: I am currently not invested in ATEN).
Here were their comments from the earning's PR...
"We are capturing market share and delivering growth that outpaces the overall market due to rapidly accelerating demand for our security-led solutions, as cyber threats continue to increase across the globe," said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. "As a result, we delivered record product sales and accelerating recurring revenue."
- "Long-term deferred revenue increased 13.6% in the quarter, outpacing total revenue growth, and our security solutions grew more than 22%, demonstrating our strong position in the cybersecurity ecosystem."
https://finance.yahoo.com/news/a10-networks-reports-13-organic-210600764.html
CSPI...The big day is tomorrow. I'm feeling confident but you never know...Trading @ less than 2x cash w/ very low debt. (Should get some E2D plane revenues in tomorrow's reported Q also).
Anyway, sold some shares early last month, (acquired @ higher prices) to use for losses this year. Waited 31 days and bought them back at approx breakeven. So my CSPI holdings are still at an all-time high.
CSPi announced a record backlog last Q along w/ saying that products and services remain at an all-time high.
And from last earnings report...
"With the Technology Solutions (TS) business again leading the way, our Managed Services Practice (MSP) continued to add new and larger customers while the better-than-expected activity level of Unified Communication as a Service (UCaaS) is garnering enthusiasm in the current fiscal first quarter. I believe UCaaS will turn profitable in the coming quarters, which is quite a feat since it was launched two years ago and just prior to one of the worst imaginable periods in our country. While the HPP business had a slight rebound from Q3, the signing of additional ARIA customers in the quarter and amount of interest being generated supports our view that it will dramatically change the revenue contribution from the HPP business."
"I believe it will be an exciting year for CSPi as ARIA and UCaaS gain traction."
CSPI has remained pretty much in the mid $8's through recent market turbulence, so downside seems to be very minimal from here. We'll see..............
Current price $8.50.
Earnings tomorrow.
PCTI...Bmrboy, swampboots...Over reaction yesterday on ex-dividend day created a nice buying opportunity. I added quite a bit more and it's a large position for me. Brought my avg down to approx $5.40 though. (Have higher priced shares in the mix).
Anyway, CSPI, WSTG, and PCTI still my largest holds (in that order) with a couple others in between for now (BELFB & CNDO).
We'll see what happens.
Hope you do well.
CXDO...Started a position today. Insider buying has been strong. Growing SaaS (Software as a Service), software solutions company.
Current price $4.17.
Insider buying
https://www.nasdaq.com/market-activity/stocks/cxdo/sec-filings
Cc sounds very enthusiastic but still going through it along w/ the financials. Looking pretty good so far though...
Latest earnings...
https://feeds.issuerdirect.com/news-release.html?newsid=4526616241122576
Latest cc...
https://seekingalpha.com/article/4469352-crexendo-inc-cxdo-ceo-steve-mihaylo-on-q3-2021-results-earnings-call-transcript
Investor Presentation
https://www.crexendo.com/wp-content/uploads/2021/12/Investor-Presentation-Dec-2021.pdf
Crexendo Inc, is an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates. Crexendo is a technology growth leader in the UCaaS (Unified Communications as a Service) space, providing hosted telecommunications services for a variety of markets. We provide award-winning, patented, cost-effective business communications solutions developed in-house with premier 1st party customer support.
This enables us to remain responsive, agile, and disruptive in the competitive market of telecommunications providers. Our technology allows small, medium, and small enterprise-sized businesses to fully mobilize their workforce with enterprise-grade solutions that work seamlessly across multiple devices (phone, laptop, pc/Mac, tablet, iOS, and Android devices) to ensure they are connected across all locations and always available. All this at a greatly reduced cost compared to traditional, premise-based business communications solutions.
https://www.crexendo.com/why-crexendo/for-investors/
PCTI...52wk low...Added more in the $4.80's. Knee-jerk reaction on ex-dividend day? PCtel is SO undervalued trading @ 2.7x cash with basically no debt (IMO). 4.3% yield. We'll see if it bounces from here.
One thing is for sure, I'm lowering my average.
PCTI...You buying/adding in the $4's nelson? It's trading ex-dividend so not only will I get a nice paycheck, I added more in the $4's. (My avg is in the $5.40's now).
BELFB...I was right there with you hweb...Can't ignore a drop like that w/ their huge (record) backlog!!! (increased my position today by approx 20%) Think (hope) this was a gift. Check out the BELFB's max chart minus the covid dip...
(Has been VERY consistent on the dividend also).
https://finance.yahoo.com/quote/BELFB?p=BELFB&.tsrc=fin-srch
SD...Over $12.50 this morning. Nice.
SD...NG up 10% to $4.75 at the moment...Hopefully SD has a good day.
SD...NG prices up today. Based on yesterday's LNG news, prices could stay elevated. Don't know though. Anyway, SD up 14% from last week. I like SD because they have no debt and fired up quite a few more wells last Q.
And have nice carry forward NOL's.
We'll see what happens.
You still holding creede?
Prices Surge on Promise that U.S. will Supply LNG to Europe
Natural gas surged higher on concerns over energy supplies in Europe. This movement in price action comes ahead of Thursday’s inventory report from the Department of Energy. Expectations are for a 217 Bcf draw in stockpiles, according to survey provider Estimize. According to a recent National Oceanic Atmospheric Administration report, warmer than normal weather is expected to cover most of the West and planes, and warmer than average weather will cover most of the mid-West for the next 6-10 days Prices are buoyed by strong demand on Europe.
The U.S. Promises Energy to Europe
The White House has promised that it will supply LNG to Europe. This winter, its allies will not freeze if Russia cuts off its natural gas or crude oil exports as retaliation for economic sanctions promised by the U.S. and its allies if Moscow invades Ukraine.
https://www.fxempire.com/forecasts/article/prices-surge-on-promise-that-u-s-will-supply-lng-to-europe-878515