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I will stick with it another year …..or perhaps longer if Ferris and/or Mulcahy is fired.
No Q4 results. No 2023 guidance. Nothing! Why would anyone buy this stock?
In the face of Memphis police murder and all the subsequent talk about the need for police training how does VTSI go down?….and not triple upward immediately?
1. Because VirTra Marketing does not exist.
2. Because Ferris and Givens continue chasing Military at the expense of police depts.
Someone needs to buy VirTra, fire Ferris, Givens, Mulcahy, and install competent Management.
Why does VirTra seem to keep losing Regional Sales Managers?….and why are they so slow to fill the positions?
Ok I will answer:
1. Low to no incentive pay.
2. Lack of corporate support in the way of demos, HQ visits, sales engineering support.
3. Corporate nickel and dimes their expense reports.
4. Bad hires….3rd or 4th tier talent.
Please fire Mulcahy and replace him with someone who can increase sales! Please!
Back in the good old days a hand full of us had 15%…..now those old hands are far lighter…..however, some new younger hands might be creeping up toward 25%….hhhmmmmm.
I wish someone would try to buy VirTra for $6 right now. If they made it hostile I think it could be done. The company is worth more but it would be fun to see the invisible CEOh Ohs squirm and hand wave about valuation. Right now there are enough shares in “hostile hands” to make this a real possibility.
In my opinion rattlesnake has become meaningless to the company valuation. I hope that changes but the great news is the results of their Canada operation. Just based on Canada the share price should be higher.
From 1.30 to 2 in 2 weeks! More ahead
Why hasn’t the new director bought shares?
The worm has turned, up we go.
File this in the wishful thinking department……I have noticed something over the 13 years I have followed VirTra and it is this…..the quieter they are in the weeks and months leading up to an earnings release the better are the numbers.
Perhaps I’m completely wrong….both in fact and grammar. However, I think one year from now the stock will be up and over $25.
Good to read your post. Gfgsf is a significant position for me and I continue to buy shares. What is your guess as to when the company will be sold? My guess is about 3 to 5 years from now.
You and I must own most of the company since we are apparently the only two shareholders left! I call dibs on Ferris’ office.
Ho hum…..,until he steps up and buys shares. That said, he has to be an upgrade compared to Richardson aka Mr. Invisible.
Please do not drive, your blood alcohol level is still 3x the legal limit.
Rather damning how Ferris and Givens go completely silent and become invisible when the market delivers blow after blow to the stock. Although they each may have some physical impediment caused by all the self-back-patting they do each quarter. Come on leaders! Step up! Close some deals! Drive some revenue growth! Lead!!!
15 job openings on VirTra website. I wonder if any are real? Some have been there for a very long time.
VTSI nearing early 2015 share price…and it’s still overvalued! Maybe we need a 3rd CEO. Nice to see our new CFO step up and buy shares….Not!
The entire BOD and Exec team need to be replaced.
Step 1 in playbook for any new executive in every public company——-Buy some stock! Our new CFO needs to step up.
Well knock me over with a feather! Excellent!
Let’s hope he strong arms his colleagues into doing the same….regularly.
All sorts of ways to do it. Most every other company executive on Earth has figured it out. Every single CEO in the universe knows confidential non public info yet they still make open market buys.
And even if the CEOs are worried, they can bypass all the concerns and set up a regular buy program with the SEC, for example simply buy 5000 shares every month or every quarter for a couple years. Then the inside info does not matter in the eyes of the law.
Switching gears slightly, What is VTSI worth now that story stocks are dead? They have been mostly dead for about 6 - 12 months now. Every public company is now being valued by the market on just a few things, PS, EV, Debt, Cashflow, Net Income, ebitda to a far lesser extent. Thats about it but Ferris and Givens and mostly Johnson are absolutely clueless about this. They believe VirTra is grossly undervalued today yet the exact opposite is true. VTSI is grossly overvalued. At best, for a company like VirTra that is slow growth and more less breakeven, EV should be about equal to trailing 12 month revenue. This puts the stock sub $3 easily and it will get there pretty soon.
I place stock trades every day, often takes me weeks to scale into or outof a stock. There has never been an easier time to buy good quality companies/stocks with PS ratios below .5 and EV/ebitda below 3. Companies with little to no debt, consistently and predictably growing, PE ratios of 2 or 3 or 4.
The one thing that makes me happy about VirTra is that Ferris does not understand that if the stock falls to the levels I predict, then he is out of a job, 100% certainty.
VTSI will be in the 3s……today!
Well done co-CEOs!
And not an insider buy to be had!
They will wait for the 2s…..Christmas!
More like Triple!…..from about $3 by Christmas!
The steady trend up continues. At 80cents, the stock is still half price. Big share buyback will be announced in early January. Should take it up and over $1 in January. $1.50 by May 15th.
Calendar year 2023 will be very good for FARM. Coffee prices have plummeted. Activist investors in control.
I continue to buy. Production ramp finally starting. Remained cash flow positive through the transition. Summit is ahead.
Buying tons of shares for the long haul, 6 to 18 months.
Your post and info is Great! Thanks for taking the time.
Why would anyone have faith in VirTra?
Q3 shows falling revenue. Annual revenue growth is only slightly higher than inflation.
Company is not consistently or predictably profitable. Breakeven at best and negative free cash flow.
Company has wasted most of the $18mil from the cap raise. If you don’t like the word wasted, how about net cash has fallen from $25mil to $5mil in less than 2 years.
Revolving door at CFO and late SEC filings. COO let go.
Inability to timely install ERP software.
CEOs that have teased a big Military contract for over 3 years. Overpromise, underdeliver.
Modern Round….
Gander Mountain…..
Advisory Board……
Do nothing BOD…..
The real mystery is why the stock trades at $4 and not $2.
The fact that Burlend was canned suggests it is the dead wood theory. Revenue and net income also suggest the company is stacked high with dead wood.
Very true dlewisfl! 13 years and counting. Like all message boards, this is mostly entertainment. That said, what makes this IHUB VirTra message board different is the FACT, ABSOLUTE FACT that Ferris reads it multiple times every day and the FACT that it is in a prominent spot on VirTra's corporate website. Both of these things have always struck me as odd. Both of these things are also why I post here. If Ferris and some on his team did not read this, I would not post.
Speaking of not posting, me thinks VirTra/Ferris has strong armed his entire Advisory Board (which he confirmed still exists in the last conf call) and told them directly not to post here. All their previous posting has dried up. What a bunch of apparent sheep? How can CEOs be this insecure?
The greatest and best CFO of all time is current CFO of BELFB (Belfuse). His name is Farouq Tuweiq. I challenge Alanna to listen to the last several BELFB conference calls or read the transcripts on Seeking Alpha. It is better to listen to the replays though. What Farouq has done and continues to do shows exactly what the influence of a powerful, smart, brilliant CFO can be on a company. Several of the same opportunities exist at VirTra.
We now already know Alanna does not understand numbers, in the PR she said VirTra is "rapidly growing."
She might turn out to be a great hire, my guess is she outlasts the previous CFO.
Today's PR is also "so VirTra", they try to be cute and come across as sneaky/stupid. Just tell us who she previously worked with, was it Givens?, Johnson?, Ferris?, Richardson?
And why was VirTra so dead set on hiring a female? 3 in a row ain't a coincidence. Competence and Leadership should have been the first qualifications.
If she steps up and makes an open market buy of 20,000 or more shares, then she might prove legit.
If she steps up and exerts her will to fire Mulcahy, then she is smart and savvy.
If her hire results in filing quarterly reports within 30 days then she is awesome.
If she files end of year report within 45 days rather than 90 then she clearly is shareholder friendly and smart.
If her hire results in an early January PR that lays out guidance for the year then she is my new hero.
There are so many ways to improve this company, lets hope she is a driver.
Good luck to Alanna.
Ferris…Givens….Johnson…Mulcahy
Can’t any of these guys make an open market buy of stock?
The one good thing I suppose is the increasing likelihood that the company gets taken out at $8-ish.
By the way, Johnson is on the above list cuz he adds ZERO value to the company. His ideas on creating shareholder value are dated and ineffective. He is another example of Ferris surrounding himself with sub par talent.
Fix the Sales Org for goodness sake!
I would guess your recent buys will pay off nicely in 2023. I plan to add more shares in late December and throughout January and February.
Happy Thanksgiving to All!
So, is the stock dead until late March? Me thinks so. Maybe a little end of year tax loss as well? Not sure. Will any CEO or Director step up and make an open market buy of stock between now and 2023? Not a chance.
I’m sure surprised the stock hasn’t tanked. To have a PS closer to 2 than 1 in this market and with this company performance is rather remarkable to me. I did carefully sell some shares, but not enough to matter. Might buy those back late December.
Very true! I wear my emotions on my sleeve. I also have little patience for this sort of performance.
We are optimistic that Department of Defense fiscal year 2024, which started October of 2023 is the year we will start to demonstrate more concrete traction in the military market
He has been with the company in two different capacities for over a year. Impact has been worse than zero. He has generated no additional revenue and has spent a ton of money. Did you listen to the conf call? Givens said there would be nothing meaningful from Military until 2024. That is two years from now.
If you think VTSI is a great investment, buy the 9000 shares being offered right now at 4.70.