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So you bought in to a company you weren't confident in? Sounds smart to me...
You keep following that "agenda." I'll revisit this conversation in 3-5 yrs.
Because it supports my argument for why the company is undervalued...?
So...
A) The NASDAQ must be dumb for letting them up-list.
B) The editors and staff of the Utah Business News must be dumb for electing Andrew as CFO of the year and Brenton as CEO of the year.
C) All their customers (including Anadarko) must be dumb for buying their products.
D) The Board of Directors are dumb for agreeing to join the company's board. Considering all have either held board positions or executive level positions for NYSE listed companies (including a Chief Financial Officer of the National Aeronautics and Space Administration). And they haven't resigned from the board as of today.
E) The auditors are dumb for risking their credibility to audit a suspicious/questionable company.
F) Should I continue?
Makes sense to me. I wouldn't be surprised if investorshub was paying you to draw conflict from users so they would continue to get on their site. Why would someone waste their time posting arguments against a company if they didn't have a financial interest? Unless you're short.
So you're using annual filings from July 2014 instead of the 3 quarterly filing they've posted since then? Why don't you get your due diligence from the original source? I'm giving you Nate McBrides email... nmcbride@profireenergy.com. He would be more than happy to cross-confirm your research.
Copy/paste his response once you get it. I'll be waiting and interested to see.
I understand. Apologize if I misunderstood your post. My simple definition of a penny stock is anything listed on the OTCBB or Pink Sheets. Companies can up-list from OTCBB/Pink Sheets to NASDAQ/DOW but also down-list from NASDAQ/DOW to OTCBB/Pink Sheets. An example of one company currently fighting a down-listing is LEI. So, I believe every investor has their own definition of a "Penny Stock". Based on your definition, PFIE is "in the grey." They were under a $1 PPS for a long time then maintained a PPS >$3.50 for a year, and now they're back under $3.00. So your definition would suggest they're a penny stock.
They satisfied all of the the NASDAQ requirements to up-list during this time. Oil is down 40%-50% since the PPS was above $3.50 PPS. Management made a great decision to do an offering when the PPS was above $4 which has given them amble cash for operations to sustain this period of lower oil/gas prices. In my opinion, they also got the timing right by purchasing the chemical management product line when oil was at $75 bbls. Had they purchased just 4 months earlier when oil was at $100 bbls, they may have paid a higher % premium ($100/$75 = 33%).
Apologize if I misunderstood your post.
LET ME QUOTE MYSELF...
Penny stocks?? This is a NASDAQ listed company that had to go through several stringent requirements to uplist. I'm pretty sure NASDAQ officials/auditors would have caught something during this process... Why don't you go through the last 3 10k audited financial statements and let me know if you see any issues?
Why don't you try getting your information from a more current source. You're going back to June 27, 2014?? Try doing better research. 3rd slide.... http://www.profireenergy.com/downloads/Profire%20Investor%20Presentation.pdf
Insider Holding = 59.5%
Which is why right now is a great opportunity to buy. Based on the fundamentals, the stock is under priced. Hell.... their current ratio alone indicates $8.43 ($39,215,430/ $4,652,718).
Agreed
CYNAF "Net loss of $10,818,587 for the year ended December 31, 2014"
PFIE "Net income of $5,676,280" (for 9 months ending December 31, 2014)
He can afford to sell off some shares. The guy is 63 years old and is probably planning out his retirement. This doesn't concern me at all.
Are you joking or are you really being serious? They have $15.4 million in cash, TTM revenue of $50.7 mill, TTM net income of $7 mill and EBITDA3 (mrq) of $2 mill. The guy grew the company from paper to a current market value of $67 mill. I'll side with Brenton and management any day of the week.
Last time I checked, a dozen donuts went for around $10 or $10,400 annually if you're buying 20 dozen every week (=20*$10*52 weeks). It's weird I'm really having this argument.
Interesting short video....
If you have no interest in this company then why are you posting on this board? Wish I had that much time on my hands to blow.
Tomorrow is Saturday smartas$! So it will be a couple of cents cheaper? Wow, one hell of a bargin.
Again, the future expectations/estimates are all tied to the price of oil at the end of the day. There is a distinct correlation between the price of oil and O&G stocks. So, if your future expectation for the price of oil is to go back up, then you can expect the price of O&G related stocks like PFIE to go back up with a reasonably accurate degree of certainty. My expectation is that oil will go back up. Therefore, I am buying PFIE at this price level.
We've seen the growth, strong results, and success PFIE has had when oil was at $100-$90 bbl. So piecing together their prior success at $100-$90 bbl, my future expectations of oil $$, and the current pps for PFIE I'm buying. Way more upside potential for PFIE than large cap companies like Haliburton. The revenue and EPS curve for these large cap companies has leveled off when compared to a company like PFIE. I am also looking at HII Technologies (HIIT).
Because it's a growing "under the radar" company that is under priced. There's way more upside potential here rather than an Exxon, Dril Quip, Halliburton, ect. The P/E for this stock should be around 30x based on future growth expectations. The P/E was actually steadily around 40x for some time. Assuming FY2014 EPS is $0.14, a P/E of 30x would suggest a pps of $4.20 or over 100% return. The PPS was at $6.00 when WTI Crude Oil was $100-$90 bbl so we know where it can go when the price of oil turns around.
Sooo..... why wouldn't I buy this company at the current price??
That's why you trade/hold more than one stock. You can trade bio's while accumulating PFIE/oil stocks.
This is such a great opportunity to buy. Current Ratio indicates $8.43 pps and even the Quick Ratio indicates $5.12 pps. Well capitalized to weather low oil prices, strong management team, legislation moving towards enforcing burner management systems, the company is still relatively under the radar, positive free cash-flow and net income..... I could go on. However, I'll reiterate, the market determines the pps.
When I think about PFIE I get the same feeling I had when I was first made aware of Flotek Industries, Inc. (FTK). One morning on my way to work a truck passed me with the logo and name on the side "Flotek." When I got in the office I was a little curious so I looked up the company. The pps at the time was approx. $3.50. My idiot self never bought any shares and have watched it climb to $30 pps over a 3 yr period. Not making the same mistake with PFIE...
OPEC can't profit off $25 a barrel... they won't let it go that low.
I've read some recent posts expressing frustration with the stock price which is understandable. However, I think y'all need to take a step back and ask what your investment objectives are. If you define yourself as a "trader", then flipping oil stocks right now is obviously not the best decision. Don't buy into a company whose performance/stock price is tied to the oil industry.
If you define yourself as an "investor", buying into oil related stocks right now is the perfect timing and opportunity. You've got to look at the big picture and remember that oil is a limited resource. Demand/price will eventually go back up as supply goes lower. Whether this is 5, 10, 20 years.... Personally, I'm buying as much oil/gas related stocks at these levels as I possibly can.
As for the company, I don't see how some of these posters are criticizing the product, management, and their overall success. Yea, the stock price has gone down from $6.00 pps to $2.11 pps over the past year. But, it's also gone up from $1.40 pps to $6.00 a little over a one year period under the same management. The market dictates the stock price, management has influence on the price but much less than the market does. Management actually made a very good decision to issue shares in the $4-$5 level range to raise capital rather than doing it now. They would possible be in a worse "cash-crunch" situation now if they didn't make that decision.
If you want to sell and take your losses then go for it. If you want to add to your holdings and greatly improve your position when oil goes back up then go for it. No way oil will stay this low for the next 2-3 years. Think about some of the emerging economies like Southeast Asia and India that will greatly increase demand for oil as their economies expand and develop over the next several years.
I'll certainly be buying at these levels. If oil goes back to the >$85 level by year-end, this could easily go back to the $5 range. A relatively easy 100% gain. Everything I've been reading recently says oil going back to $70-$85 by year-end.
In my opinion, it was a great call. Brenton and Andrew didn't dodge any questions. They provided great detail and insight into the company operations and future expectations.
The call went well. It's about an hour long so there's really too much information to type out. All-in-all, the lower expectations are due to the price of oil, obviously. I think they're working to position themselves now for when oil goes back up. Then we'll really see some great results from the company. You should listen to the re-run when you get time.
http://public.viavid.com/player/index.php
Article on Profire.... http://www.thebakken.com/articles/983/moving-toward-crude-conditioning
A lot of volume this morning for what historically is a slow week for the market.
Well said
Buy Buy Buy.... Think about where the PPS will be when the price of oil goes back up to the lower $100 a barrel range.
One of the analyst asked a question related to international sales. If I remember correctly I believe Andrew mentioned they had a small amount of sales in Australia. However, he went on to say that their focus is on North America. Since the market for BMS's and the legislative environment in N.A. affords them more opportunities, they want to develop this market to their full extent before turning their attention to international markets.
Check out this headline and article. Reminder that Profire has a distributor in Australia (Prior Industries Australia PTY LTD). I'm hopeful we could see some demand for PFIE's products as emission control regulations are rolled out.
http://ih.advfn.com/p.php?pid=nmona&article=61162231
Adding to how undervalued the company and PPS is.... the current ratio based on Q2 results is $5.92. Wow.
Any mention as to how Q3 is going thus far thru the first 1.5 months?
PFIE up 8.61% after the close to $4.29.
Looks like they added the actuator and flare to their website. These weren't up here a few days ago when I was on their site.... http://www.profireenergy.com/product-categories/
Thanks for posting this info. Did he mention anything in regards to their actuator sales? Any progress on that line...
Looking forward to seeing Q2 results
I wouldn't expect any. They're using all their funds for expansion/growth.