Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
De-escalation is hot. Police training is hot. Social awareness is hot. Hot as in hot public topics. Conversations about police funding. Race bias. Even virtual reality and sims are hot.
Then we have lots of hot Robinhood stocks most of which are story stocks. VirTra should be and is a great story stock that is timely and should be scorching hot right now. So, why isn’t it? It fits in with do-gooder mentality and social justice and all that stuff. Why hasn’t VTSI caught fire and been driven to astronomical heights by the robinhood crowd?
I think it will be and perhaps very soon. Wish I owned more.
In reply to previous message, looks to me like it breaks out this coming week. 5.50 by Wednesday and 9 or 10 by Friday. It is on the verge of a new flagpole up. When it happens it will trade over 8 million shares in a single day. The thunder is building.
Will any VirTra insider or BOD member ever buy significant numbers of VTSI shares? One would think Ferris would be embarrassed and ashamed that his team does not value the stock of the company for which they work.
In my opinion Robert Ferris is a below average CEO. The BOD must do their job and replace him. VTSI stock will NEVER reach its potential with sub-par leadership.
It would appear VirTra has an accepted offer for their Chief Accounting Officer position.
The posting is no longer on the company website.
Announcement on Tuesday perhaps?
My guess is Jim Richardson’s former CFO.
Nice RFP breakout today.
Great CEO presentation yesterday.
Lumber $661 today!
Q4 will be GREAT!
No resistance to $8.
$12 within 7 months.
Off to the races! What a glorious 2020!
Bought a pile more sub 4.50. A true gift!
No big deal for VirTra as they already meet the proposed criteria.
Great post and I agree with you and your take. As soon as the FDA approves the first of INO's dna medicines/treatments/cures, it will lead to a cascade of INO approvals and a stock price multiples higher.
It will trend upward for a couple years now and 16 will be a distant memory within a couple months. Their management is strong and savvy and shareholder friendly. About a decade ago they self-sacrificed for shareholders by selling blocks of their own shares to the company at a discount. Everyone won.
Didn't quite get to $30 but a nice blip none the less. Should get up in the 40s in 2021.
Lumber now $640 and RFP stepped up to $5.50. Should be about $8 right now but it will get there with the Q4 release.
Well done, you pretty much nailed exactly what happened. My sub-$3 shares are ssswwweeeeettt right now. It should continue up to about $6 within 6 months.
Started buying this today. Will add all day under $5. A gift.
SUP is trading STRONG. If current quarter is even half as good as Q3 then SUP will be $12 with the Q4 PR. So happy to have moved much of my vtsi money to SUP and RFP last Spring/Summer! Better to be lucky than good they say.
Great day to sell shares as there is a bit of a bid!
It is great to be free of the burden of VTSI ownership!
Too bad CEO Robert Ferris continues to struggle to accelerate growth.
The total lack of support for VTSI by CEO Robert Ferris and his executive team is really breathtaking. There has not been any sustained effort to produce accelerating revenue, no courting of investors, no PRs to get the VirTra story out into the public domain. The Ferris legacy will be one of promise followed by disappointing failure. So much potential, so few results.
That said, selling pressure will ease when I am fully out.....soon.
Why hasn’t new BOD guy Givens purchased VTSI shares?
Why haven’t any other BOD members purchased VTSI shares in last 6 months?
Why haven’t ANY insiders bought?
Why are CEO and his family shares listed for possible SALE in the S3?
Why is institutional ownership sub-10%?
If those closest to the company are not buying, why should anyone else?
Exactly right! and then yesterday it finally broke through 5.30 resistance so now has a clear short term path to $7.5ish. Should be a $12 stock by May, 2021. Too much profit and free cash flow for this not to happen.
And if pulp continues to strengthen, then $20+ will happen.
SUP will go up to $7 or $8 within a couple weeks. Then easily and correctly be at $12 by about June, 2021.
Today at $5 the market cap is only $125million and they are very profitable with sales of $1.3BILLION with a B.
Nice Ford supplier award today.
VirTra needs a new CEO. While Ferris almost singlehandedly developed and saved the company 15+ years ago he is now what is holding the company back in my opinion. It is so sad that VirTra has been unable to take advantage of the favorable US environment post-Floyd.
To me, the CEO’s decisions indicate he is afraid to go big and go for it. He is far too conservative. Also seems to look backward instead of forward. Lacks vision and drive as indicated by his satisfaction with slow growth.
As a result, VTSI is a hold at best and likely a sell.
It will be gone within 1 hour from now!
And another...Page 8 of VirTra 10q stated order intake was $6.5million for Q3. Why is it this low? They had lots of fed gov orders in Q3 so this means their Regional Sales Managers only got 2 or 3 million in sales to police depts. That is again disturbing and suggests Ferris and his Sales team continue to struggle selling product.
Questions: 1. Why has VirTra employee count gone from 80 one year ago to 100 now? Revenues have been relatively flat for almost 3 years now. This is either a very bullish sign for 2021 or mismanagement. The “nearly 100” was stated by Ferris at end of Q3 conf call.
2. Will Ferris automatically make the next CFO a BOD member?
3. Why hasn’t the recent new BOD person made any open market buys of stock or initiated an ongoing buying program?
4. Based on what was stated in the Q3 press release and conf call it seems clear 2020 will be about flat to slightly above 2019. Where do you regular posters think 2021 revenue will be? My guess is $27 to $31million. They have to get revenue per employee back to the 250k to 300k range to be viable in my opinion.
Until CEO Robert Ferris leaves the company the stock will not go up because the company growth is so slow. His record as CEO is easy to find and review.
Most public company investors will not tolerate a stock with such a poor record of growth.
Look at trading today with Q3 announced recently, a great (sarcasm) BOD member just announced, and now a CFO opening upcoming..... yet there are very few on the bid.
But he did come up through the ranks so Lilly knows company well. Hope he can smooth out earnings to a $2 per year level and avoid the hard falls.
Today’s volume tells one everything they need to know about VirTra, VTSI, and the CEO. Yet again the market is smart and savvy. Neither the company nor the stock is worth owning since the CEO seems incapable of consistent rapid smart growth as evidenced by the last 20 quarters.
Not only does VIrYra have great products, they also have timely products given that the words deescalation and training have been spoken by every official at every level.
It is a travesty that such mediocre sales performance is being tolerated by the BOD and shareholders. Every single person at every company is replaceable with someone better. And that especially applies to a CEO.
I know you and I are on the same page. You have been correct all along while it took me until late 2019 to sour on Ferris. He could still resurrect his legacy by helping choose his successor. Absent that, his career is an abject failure from the perspective of achieving his #1 deliverable as CEO. That being making money for shareholders and growing VirTra into a multi billion dollar company like Axon.
Me thinks the Axon CEO laughs whenever he drives by VirTra HQ.
Sup is rising due to it being ridiculously undervalued AND new management has turned around company performance.
Revenue over $1billion, market cap of 50million. Now profitable, decreasing debt, awesome free cash flow. You are correct about $10.
I am happy I made you chuckle! Your post made me go back and reread what I posted. Not sure what you found in it to make you LOL, I found it rather depressing when I reread it.
A few weeks back you posted your guess for VirTra's revenue for the next 12 months. If I recall, your numbers were in the mid-20mil range. Just think about how really low all of us shareholders have set the bar for VirTra. After 2+ decades as a public company they are struggling to sell $25mil of product/services in a year. It is taking them half a decade to go from mid-teens to mid-twenties! I consider that both sad and terrible.
How anyone can defend the performance of the CEO is beyond me. Sure, he is a nice guy, a smart guy, likely a good family man, perhaps even a brilliant product guy, etc. That is all commendable and in the scheme of one's worth here on Earth far more important than increasing VirTra revenue. BUT, he is CEO of a public company, he signed up for a job that answers to a BOD, and one of his top deliverables is to make money for shareholders. His record on this measure is terrible over the past several years.
All that said, I remain hopeful for the Q3 report and upcoming 2021.
OT: There are some amazing undervalued buys in the market right now. Some tiny companies and some very large:
SUP - Most likely 5 bagger over next 12 months
VTSI - Most likely to disappoint and still double
RFP - Sure thing to go from 5 to 10 over next 6 months.
UVE - Hold for 3 years and double or triple your money honey.
PNNT - Great div yield and buy now at the bottom
WFC - Long term will go up and up....then sell!
DLX - Dirt cheap relative to EPS, div yld, prospects
MERC - Buy now at bottom, pulp cannot go lower.
GLYC - A bit of a roll of the dice but every portfolio needs a biotech.
you are welcome
Sup should be at $10 by later 2021, only a year from now!
They deserve an ev/ebitda of at least 5 or 6. That is all it would take!
Q3 results and cc on Tuesday post-close!
If one guesses at results based on USA macro and Axon results and VirTra’s products/mission without any knowledge of past performance or exec management, then it is obvious that Q3 will be at least $15mil in revenue.
However, we all know that is not going to happen BECAUSE exec management does a poor job of selling product as evidenced by the inconsistencies of the last 12 quarters. Exhibit A is this years Q1. Exhibit B is this years Q2. Etc. They continue to chase elusive military contracts instead of going after the obvious, easy, straight forward and MASSIVE opportunity that 18,000 police depts begging for training presents. Ideally they would pursue both in parallel. But they are pursuing one at the expense of the other.
My hope is revenue of over $6mil and eps of 10cents. Q3 order intake better be at least $10mil and backlog should be at least $25mil.
Many wonder why VirTra trades at a PS of a bit over 1 while Axon trades at a PS of 14. Very simple, look at Axons consistent aggressive fast revenue growth. Until VirTra gets a CEO who knows how to grow sales the stock will struggle.
Let’s hope VirTra is “man enough” to take all questions at the cc.
Should now reach $3 within a couple days!
With 100% certainty, I will not be trying in any way to get on VirTras BOD. I think there are far better people than me out there and that includes you ARZ. My overall interest in VirTra and VTSI is in decline.
Compare VirTra performance with Axon who reported last evening. Same markets, same customers, same training programs. Axon grows revenue 27% yoy on a revenue base soon to go over 1billion per year! Stock was up $8 after hours yesterday! VirTra should easily be able to grow at 100% yoy due to tiny rev base yet they struggle to achieve ANY growth! Very sad.
In my opinion, The biggest tragedy with VirTra is that the only thing needed to accelerate growth to 100% yoy is a better CEO who is open to modern management and is a great evaluator of talent. I consider the current company performance (revenue and eps) to be a tragedy relative to the opportunity.
I was shocked at how the stock performed today. I really thought EPS would be well over $1.
I do like the new CEO as of March. Some of the strength today might be due to lumber again moving much higher, well above $550.
The trading volume is sure tiny of late. While some here expressed optimism regarding new BOD member that sure has not gotten more eyes on the stock. It also does not seem as if it inspired anyone here to buy the stock.
BiSim is even smaller than I estimated yesterday. Perhaps VirTra will be purchasing them? It will be some sort of merge and is an easy way for BiSim to become public. This would be great news for all as VTSI would finally get driven up for mostly the right reasons. They would have a combined annual revenue pushing $100mil in 2021 or 2022 and could command a PS of 4. Hopefully they are smart and use mostly debt for the acquisition.
Lumber tariff money will likely be returned to RFP within a few months. Big number, likely $200mil by now.
Also nice lumber holding above $500.
Can’t wait for Q3 report tomorrow post-close.
Looks like SUP might pound through 2.10 today. If so it goes straight to $3 in a hurry. But best news is looking out 12 to 18 months. A company with 1+ billion in sales and a market cap of $50mil that generates huge cash flow and profits is not going to stay at $2.
John Givens may help VirTras fed gov military efforts which is a good thing. However, what I don’t like is that this pick does not address what remains the biggest easiest most straight forward opportunity for VirTra. That being the ability to sell product to 18,000 USA police depts. Ferris continues to avoid this market and seems unwilling to do the work necessary to succeed.
BiSim is also a tiny company. Only about $50 to $80mil in annual sales based on employee count per their website. If Givens is a rockstar very few have heard of either him or his company. A simple online search tells the tale.
I hope he is brilliant. I applaud Ferris for acting quickly with a well qualified person. I hope Givens buys shares and rally’s the BOD. Fingers crossed!
CEO Ferris has been near invisible to the investing public since Floyd’s death. Think about that.
No national interviews. No local interviews. Not on TV. No commercials. No white papers. No Marketing or Sales support in any meaningful way.
He professes the company does good. Well, they would do more good by selling more product. Yet Ferris does not appear to even try or to care. Actions speak louder than words.
Tough questions need to be asked at Q3 cc.