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I bought in at 4 cents, 6 cents and 9.8 cents. (Average of all three is 6.2 cents) I bitched and moaned about how management wasn't doing enough for the shareholders over the years, going back quite a ways.
I'm not complaining anymore.
My target price is $1.50 by the end of 2018. Although if they keep up with the sales and management it might hit that target a lot sooner.
I'm certainly not going to complain.
This is my retirement stock.
Ferris is an engineer, and a damn good one at that. He has done a fantastic job in growing the company and delivering a topnotch product that is starting to take over this market.
Engineers in general do not have the skillset to promote stocks. And because of trying to get Virtra to where it is now he has not focused much on what you want.
Now that is starting to change. They have the orders, they have money in the bank, life is no longer as tight as it once was, so now we are seeing the kind of changes that can get us into institutional hands, and a far higher stock price.
Can anyone get the webcast to work?
Modern Round sounds like a complete success. Getting mostly rave reviews and looks like it will continue to do so.
https://www.yelp.com/biz/modern-round-peoria
Like most such adventures the first one to open is where they find out what works, what doesn't and what they have to add for the next locations. But based on initial response I'd say they have a winner!
And this place is for the upscale crowd, the ones with REAL money to spend.
Actually major support at 18, where the last big rally of late 2014 ran into resistance.
Support at 21, where it is now, then 18, then major support at 16. Annual meeting in 17 days, that will move the stock. Should get another order announcement pretty soon, have barely scratched the surface of the $40 million contract.
This is the first time I can remember in the last 10 years where they issued a less than stunning quarterly or year end report and the stock price did not tank. Its drifting down in a narrow range, and looks to be forming a pattern that could break in either direction.
Compare the first 4 months of 2015 with the current period. The volume on the downside back then was increasing, today its falling. BIG difference!
Andy
I woke up at around 7AM EST and checked this group soon after, to find that earnings were out, well before the opening. So the dumb money sold, its gone up since.
I was wrong, it wasn't new hires that expanded G&A:
http://finance.yahoo.com/news/virtra-reports-earnings-second-quarter-123000075.html
Selling, general and administrative expenses were $1.9 million for the quarter, an increase of 31%, compared to $1.4 million in the second quarter of 2015. The increase was primarily due to a $0.4 million non-recurring expense based on the redemption of previously issued stock options that were approaching the end of their expiration term for employees still in good standing. Under the former CEO, the Board approved stock options committed to employees over the course of many years, the result being an unusually large number of stock options that would all expire on April 1, 2016. As of the June 30, 2016, all stock options approved under the former CEO have either been cancelled or redeemed.
Dumb money sells, smart money buys.
Will investors recognize that they are hiring like crazy, thus forcing up G&A expenses ahead of expected sales increases?
They bought a machine shop. This is what you do to both control costs and assure a ready supply of components.
If past history is any guide the price will fall, creating a nice buying opportunity until the next large sales PR.
So I asked Virtra:
You are right, it is valuable to have decision makers experience our simulators, and it is a key focus of our sales strategy. We accomplish it in several ways; one way is from exhibiting our products at many tradeshows throughout the year. Another is facilitating regional live demonstrations for many different agencies in one geographical region. Some of our products are portable and they are often hand carried for private demonstrations. Even our largest product will be shipped, setup and demonstrated when the opportunity justifies.
Thanks,
Bob
Virtra has the problem of having the best product in an already existing market, and has to overcome inertia to get sales. Not many admin guys understand the difference between what Virtra does and the competition. They are mostly stuck in the old world, single screens, CGI content, etc.
Virtra's best marketing is done when actual officers use their product and then tell the bosses they need to buy it. That takes time.
I still have not figured out why Virtra does not have a travelling, portable setup for demonstration purposes. Maybe its too large for that? I've never actually seen one so I don't know what the footprint is. Seems like they could overcome this problem somehow.
Be careful on the revenue/earnings estimates. Virtra is notorious for up/down quarterly reports. Its almost impossible to extrapolate from prior quarters/years, other than to say they are a growth company and year over year they will look good.
Strong support at 16 cents, where the proxy flash crash stopped. Support also at 21. Traded just above 21 today before recovering.
Or it could be someone who thinks they have insight into the upcoming earnings report. Sadly, Virtra suffers from the not perfect earnings report syndrome, if the report is a little bit off the stock crumbles.
That's why its so important to get off the pinks. Any way we can do it.
Can you ask that person what they meant?
The cost to pull the trigger one time on a real Taser is apparently $750.00.
Where do you get this information? The cartridges cost about $85 each, where do you get $750?
Thanks,
Andy
Two things probably caused the sell off:
A rush for the exits by a few holders who did not think much of the proxy document. I'm guessing short term traders mostly. A bunch of sell orders at the market before it opened. There were a few buy orders as well, at a price below the last close. They transacted, then the selloff began, exacerbated by likely stop loss orders placed some time ago at various price points lower. That forced more selling until the energy ran out at 16 cents, a very strong support area.
Price bounced up from there as smarter investors snatched up the now much cheaper stock, until we reached Thursday's close today. Resistance. We probably need to drop a little and trade back and forth for a few days until the next push up when earnings come out.
Only Virtra would have a bunch of sells at .25 or higher with the ask at .261 followed by a succession of buys at .249.
The joy of owning a pink sheet penny stock!
Current price is back up to .26
Andy
Waiting on something to happen to move the stock. I'm not complaining! In the past it would just drift down endlessly until some new piece of good news arrived. Now it trades back and forth in a very narrow range. Looks like an elongated pennant.
We know outstanding earnings are due out in a little over two weeks, and the proxy even sooner. Not sure the proxy will have much effect, unless they are moving towards uplift or similar.
Wait. Wait. Wait....
Looks like a bunch of really small trades at the market. Either by some idiots or intentional. We'll never know.
Not based on the slow history of this stock. I'm just glad its near 21 and not 4 cents! (I bought back in at 4 cents, and higher)
My understanding, and I asked this of Bob a few years ago, that they are not going to invest any time and effort in this. They are focused on the law and military, with the natural sideline of MR, and pretty much will stick to that.
I find a lot of small companies that diversify outside of their core competence often go out of business. Too much drain on resources.
As a very successful CEO of a local, large real estate company told us years ago: Focus, focus, focus.
Andy
When you compare that review to the others you throw it out. 19 glowing reviews on Google.
I do not know that we are giving it away. They do not tell us anything. What I can say is that MR is getting good reviews overall. If that keeps us and they learn from the occasional bad review and so-so then we can expect they will be very successful.
So I asked Larry about MR:
"The agreement has not provided detail as to the consideration Modern Round will pay VirTra for the initial systems. Suffice it to say that there will be some payment for the systems, but that the vast majority of the gross profits will come from the royalties."
So I'm guessing Virtra supplies them at cost, making its profit on the royalties.
The news has been good lately, but like all healthy stocks, it goes up and goes down, with the trend being up over the long term. 18 cents is support going back a couple of years, was resistance. Hopefully it holds at 18 or higher while it builds for the next move up.
This time IS different. They are making money hand over fist, and the outlook is for more of the same.
If the reviews that MR is getting are any indication it looks like they have a winner there. Each MR is good for $1-2 million in sales, plus whatever benefit they get from the royalty payments.
Wow! This is weird! Virtra was trading at .1984 when someone bought 100K shares. Price fell to .195, down a fraction for the day.
How?
Virtra has a long history of wild price swings for no good reason, so I expect he will, unless they announce some more good news, in which case he is out of luck. I'm seeing less variation in prices in the last few months as compared to previous years. I suspect we may be out of the woods with respect to that.
My expectation going forward is we are going to see announcements of the orders for the 40 million State Department contract. As they come in I expect the stock to continue to go up, slowly. I don't like price spikes, they tend to get killed after a while. Been with ?Virtra for over 10 year, all too familiar with its price patterns.
I'm thinking they finally got their s**t together and are now a bona fide growth stock. We may see the occasional down quarter because of their sporadic order flow, but if they can sign enough long term contracts that play out over years that may smooth out the quarter to quarter chaos.
So much for your prediction ability!
The stock was way overdue for a correction, we are getting it now. Been there. Done that.
Looks like a bunch of sellers taking profits now that we blasted past the .183 resistance.
Yes, thank you.
I am logged in, otherwise I could not post.
Task bar? Survey? Where?
What are sticky's?
Virtra is doing much better than Arotech
The $40 million contract was announced on April 20. Some posters commented at the time that ARTX was outperforming VTSI on the news. Since then VTSI has gone from 15 cents to 18 cents, while ARTX has dropped from 3.40 to 2.70. Don't want to read too much into this but it may be that VTSI is going to get the lion's share of the revenue from this contract.
I bought into Virtra in 2004, then dumped it at a loss in 2006. I continued to follow the company on this group and elsewhere, finally buying back in at 4 cents in 2009, and have held on ever since. Bought more at 6 and 9.8. Making money. I'll continue to hold until I need the funds, as this is my retirement, such as it is. My target is over a dollar, long term. I'm a buy and hold investor.
Virtra is famous for choppy sales and earnings, partly because its the nature of the business. But if they keep snagging these long term contracts along with the bread and butter single sales then we should see rising sales and earnings over time. Not necessarily every quarter, but on a year over year basis they should grow.