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Can't hurt on MIND. Maybe it's because so many other stocks have already run, but this one still looks good to me in the high $3's. But it may take a little while as the preferred holder selling weighs.
Their fiscal Q2 report last week was great, but the headline number sure doesn't look great. You have to adjust for the preferred conversion, which I'm guessing most people won't do. With a normal tax rate, eliminating the preferred dividend, and the current share count of 8M...you get Q2 earnings of around .13/share. AND strong guidance on the CC last week. They said revenues in the second half of the year should be better than the first half. Plus they have a super easy comp for Q3. Top & bottom lines should show some fantastic improvements. Only fly in the ointment is they had a monster backlog in the year ago Q3, so that'll be down.
Woohoo IPW already back to $1.60. Up 27% from today's low! Trimming a few already
Wow wild action on IPW! Jumped up to $2+ this morning. I sold the rest of mine (too soon). Now the stock is crashing back to the $1.20's?!? Will never understand momo traders ha
I'm buying some back ahead of earnings tomorrow PM. I like the risk/reward in the low $1's
Interesting on JVA. As nelson will tell you, Henrik Alex is a very sharp SA contributor. I wouldn't touch it up here, but it's got plenty of momo in a hot market.
Is TOS working this morning? I haven't been able to log in. Not a good week for Schwab.
Another rough quarter for SGMA. From the late filing yest-
The Company estimates that its results from operations for fiscal quarter ended July 31, 2024, will reflect the following changes as compared to the fiscal quarter ended July 31, 2023: For the fiscal quarter ended July 31, 2024, the Company expects to report a decrease in revenues of approximately $13 million, to $85 million, as compared to $98 million for fiscal quarter ended July 31, 2023. For the fiscal quarter ended July 31, 2024, the Company expects to report a net loss from operations of approximately $1.7 million, compared to net income of approximately $0.3 million for the fiscal quarter ended July 31, 2023.
Also, for the fiscal quarter ended July 31, 2024, the Company expects to report net loss per share from operations – basic and diluted – of $0.28 compared to net income per share – basic and diluted – of $0.04 for the fiscal quarter ended July 31, 2023.
Thought that was you on KINS. Yeah action this morning is kinda strange. Was looking good breaking over $10...then it's below $9. I did a little selling and buying.
Anyone still have IPW? Had fallen to around $1.15 a few days ago. Rebounding nicely to the $1.50's. Earnings this Thursday after the close. Should be a favorable Q4 bottom line comp. But this one has a bit of China scamminess to it.
I'm selling some into the strength...so that should ensure a blockbuster quarter on Thursday.
Agree with you on JVA. The quarter they just reported looked a lot better than it actually was. Plus as someone who's owned JVA many times over the years...they have trouble stringing together consistent profitable quarters.
Maybe reading the other JVA posts on this board would be a good place to start?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175089914
Ah now IART has an 'acceptable' balance sheet. Not sure why you're bringing up this comparing apples to apples nonsense after the fact. You said IART had a strong balance sheet. It's not a strong balance sheet. Period.
KINS started the year around $2. Now the stock is in the $9's. It's horrible, just horrible.
Ha well if someone who works for the company says the balance sheet is great, it must be true. Not a biased opinion at all.
Maybe it's common in the sector to have lousy balance sheets. But I'm not sure what that has to do with you saying the IART balance sheet is strong. When it clearly isn't. Now equally terrible to others in the sector, ok sure.
Woohoo PPIH in the $13's! Can't believe people were selling this around $11 & under late last week after their excellent earnings report.
I'm taking some profits as the stock is up 25+% from that Thursday low. But PPIH is hitting a new 52-week high this morning and the market is red hot...so it prob keeps on climbing.
Nice timing on DIN. I liked the low P/E and healthy dividend. Was so close to joining ya in the $28's last Wednesday. Instead I've watched the stock rebound a quick 10% from the sidelines. Dang
Thanks larry on CODA! Has bugged me for years. Can't believe it was that simple of a fix. Let's see if they do it. That they didn't know how to report their results in a standard format is strange...
CODA reported decent earnings this morning. But also warned of weak orders in the quarter. Like ADFJF last week, sounds like customers on pause til after the election (translation-orders in the current quarter will be weak too). Stock still getting a pop premarket. I sure wouldn't be buying up here, but I guess market is hot.
https://finance.yahoo.com/news/coda-octopus-group-reports-fiscal-120000964.html
IART has a strong balance sheet?? How do you figure? A company with a big negative tangible book value, and net debt over $1.5 Billion (which is even higher than the market cap), is hardly what I'd call strong.
While they're at it, maybe don't report hours after the close on a Friday.
OMIC high of $12.70 late today?!? I was tempted to snag a few in the high $8's this morning. Prob woulda sold in the mid $9's. Not sure who's chasing so high above the buyout offer. But the market is gettin bubbly after a terrific week.
Hope it works out on ADFJF. Looking good today at least! Backlog concerns are legitimate. As even with that $90M in contracts announced last May, and the light revenues due to $35M in revenue getting pushed out, the backlog still dropped sequentially. What's going to happen in the current quarter...when according to yesterday's CC, their customers are pausing orders til after the election. Backlog almost sure to be down another chunk.
And the decision by management to cash themselves out at the peak 3 months ago looks really sleazy. Too bad the company isn't buying back shares now, at a fraction of the price.
https://finance.yahoo.com/news/adf-group-inc-announces-repurchase-122600112.html
I trimmed some ADFJF into the strength. Unfortunately I don't think it lasts. Stock is cheap, but I believe it was in the $4's when you first brought it to the board less than a year ago. And the outlook was more upbeat back then. So I wouldn't be surprised if the stock kept slipping lower. Unless they announce a large contract or something. But based on the CC yest, it sounds like that's on hold til after the election.
Another nice quarter for BUKS. And the backlog is at a record high. Wish I'd gotten more shares when this one was stuck in the .70s & .80s.
https://www.sec.gov/Archives/edgar/data/15847/000143774924029094/ex_692434.htm
Ok good luck! The manic daytrading is not something you did years ago (when you made a lot of money). So I don't get the newer strategy. If it ain't broke don't fix it. Even skilled daytraders face an uphill battle, as supposedly only 10% of them make money. And that's traders who buy and quickly sell for small, consistent profits. But buying stock A one day, then selling the next day in frustration to buy stock B, only to sell stock B the day after that to go back to stock A...nobody is going to make money doing that.
What's going on with AVNW? Saw it dropped below $20 today on this news-
https://finance.yahoo.com/news/aviat-networks-delay-form-10-214600984.html
Used to be a great company back in the day. Can they get things back on track?
Congrats to the OMIC holders on the buyout. But I guess it was only great to those who were buying recently.
You didn't answer the question. You're always complaining about the tough market. Everyone else seems to be doing fine, if not making a bundle in this market. What's gonna happen to you if the market actually does get difficult?
p.s. lots of posters here have awesome track records. They just don't feel the need to brag about it.
Don't you ever wonder why you're the only one always complaining about how difficult the market is? Maybe the problem isn't the market??
ADFJF dropping to the $7's. Quite the beating. Down 19% today. After initially being UP this morning. Wonder how those buyers at $10.40 are feeling. Ouch!
CC today wasn't great. Besides some orders on pause til the election. Think they also said there was a $2.4M benefit to SG&A because the stock price declined. So that knocks .05/share off fiscal Q2 earnings. Guess there will be another benefit this quarter ha
Looks like gilead made the right move bailing on this dog. Selloff still seems overdone to me. Hopefully some kind of bounce in the coming days. If the stock price recovers to the highs of this morning, it would be a 30%+ gain from here. Yet this one still feels like dead money.
MITQ was up 15%+ at one point this morning. Maybe I should have sold a few, but I was hoping the low float crazies would jump in and send it up 50-100%. No such luck. But that kind of spike is coming imo. Only a matter of time with all the recent orders. Probably have to get through that anemic Q4 report later this month first.
Yep agreed on ADFJF management. Company bought back their shares at the peak 3 months ago. Pretty dang slimy. And the stock has been weak ever since. Like someone knew about that $35M in revenue getting pushed back. Imagine if that revenue had been recognized in Q2. Talk about a blockbuster quarter!
ADFJF in the penalty box, but still there's lots of value around $8. Company just posted .51/share in earnings (.38/share US). Crazy low P/E, but the kind of stock that will trade at a low P/E. I'll be adding shares. Slowly.
Interesting comment on the brief CC this morning. Said there seems to be a pause on orders ahead of the election uncertainty. That sounds like something that could be going on across many sectors...
Yeah I liked the MIND CC this morning. Think they said revenues in the second half should be better than the 1st half (and they were pretty strong in the 1st half).
Stock has run up nicely from the low $3's earlier in the week. I trimmed a little over $4. Bought some in AH yest. Would be a buyer if there's another dip.
MIND should shoot higher again at some point. I like the super easy comp they'll have for their fiscal Q3 results, but that's not til December.
I added a few more PPIH today as well. Low this morning was $10.53?? I sure missed that.
Picking up some more MITQ. Another order announced this morning-
https://finance.yahoo.com/news/moving-image-technologies-awarded-project-110000759.html
That's now 5 orders since June. This low floater is trading below cash...seems super cheap to me but nobody really seems to care. Fiscal Q4 numbers later this month won't be anything great. But then results should start improving nicely, given the recent orders.
ADFJF a wild one today. The report was a mixed bag. Obviously the $35M in revenue getting delayed not good. But margins & earnings were very strong. They still earned .51/share in fiscal Q2 vs .32/share last year.
Wasn't sure which way the stock would go today. I was guessing down a little. So was happy when the stock opened up. Sold a few in the $10's and looked like it was going to shoot even higher. Then it quickly reversed and hit the low $8's. I added some. But might be dead money for awhile unless they announce some large contracts.
https://finance.yahoo.com/news/adf-group-inc-announces-results-110000679.html
Anyone buy PPIH today? Stock looks pretty cheap in the $11's after just posting fiscal Q2 earnings of .40/share vs .13/share last year. And the strong backlog of $75.5M doesn't even include the $46M in contracts announced last month. So the exciting thing is revenues & earnings could ramp even higher.
Stock traded up to $12.30 today, then faded in the last hour. I missed the late $11 low, but picked up a few shares. With that excellent quarter sitting there...plus the huge backlog...seems like a good bet to break out to new 52-week highs. Could trade up to the mid teens on momo buying if that happens. If we get any additional contract PRs, all the better.
KEQU fairly disappointing (maybe something did leak out). Revenues & operating income down. Fiscal Q1 earnings of .74/share not terrible considering the India delays. And the backlog increase is encouraging. But the stock is going to drop back. It's already down 14% AH. I'm in no rush to add.
https://finance.yahoo.com/news/kewaunee-scientific-reports-results-first-204600339.html
MIND report about what I expected. Nice revenue & operating income comps. But the preferred dividend wiped away the earnings. Wish they would have explained how earnings would have been .10/share if adjusted for the now completed preferred conversion. Backlog down sequentially like we thought. But they mentioned $6M in orders (or potential orders) since the quarter ended.
I think the stock may get a bump higher tomorrow. But probably not much after the run-up the past couple days in anticipation of decent results.
https://finance.yahoo.com/news/mind-technology-inc-reports-fiscal-201500854.html
Heck of a market rebound from this morning, when the Dow was down 700 points. Any particular reason?
Wow heck of a quarter on PPIH! Kicking myself that I didn't hold into the report (easy in hindsight). Should have looked closer at PPIH after jtomm alerted us to the $46M in contracts last month. Stock popped big on that PR, then faded back to around $10. Where we all should have been buying as they earned .18/share in their seasonally weaker Q1, had a fairly easy bottom line comp for Q2, and were at the very least going to give an optimistic outlook with those recent large orders. Dang oh well. Certainly wasn't expecting them to post a .40 quarter! Already. Hate to chase up 20%+, but the stock still looks undervalued.
https://finance.yahoo.com/news/perma-pipe-international-holdings-inc-132000030.html