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MIND - Kansas City Capital gets more bullish on Mind Technology, upgrades shares
TheFlyontheWall.com - Sep 18 11:39 EDT
Kansas City Capital upgraded Mind Technology to Outperform from Perform with a $6 price target.
Never heard of Kansas City Capital, but it is a division of Oppenheimer.
JVA - This SA article probably spurring the continuing rally:
https://seekingalpha.com/article/4721618-coffee-holding-upgrading-on-strong-results-and-positive-outlook-buy#scroll_comments
TOS web is working for me this morning. (eom)
Schwab - I agree that the A-trade website was far superior than Scwhab's when it came to dealing with your orders. I'm going to try to make lemonade out of these lemons and redouble my efforts in becoming familiar with the TOS platform. I know I can do it! There's always a learning curve involved with a new platform, and it takes some time to get it set up the way you want it.
SGMA - I would have rather seen an on-time filing with a fat profit, but I guess that's why it's in the 2s and not the 7s presently. They did work things out with their lenders recently, so now they just have to start turning a profit again. I'm hanging in there with this one for the time being. They can put up some pretty big numbers when things are going their way. Wouldn't be surprised to see it head back down a bit when they release that earnings report, but maybe the guidance will be a bit more cheery.
Schwab TOS - I'm using TOS Web (TOS for Dummies) this morning, and I think I may be able to operate effectively on this version. One of the things I really didn't like about the regular version is that there was so much superfluous stuff regarding options, futures, etc taking up space on the screen. I'm only trading equities, so all that stuff was just in the way.
Schwab - some open orders not showing up on website, so be aware. I called about this yesterday and the problem continues this morning. The tech support person I spoke to this morning said they are aware of the problem, and it seems to be affecting orders placed more than 30 days ago. She said there probably won't be a fix until this weekend. I may have to log onto TOS (my most despised platform). Ugh.
JVA - I like stuff like this with a strong balance sheet selling below tangible book value. Unfortunately, if my math is correct, if you throw out the one times this quarter from the lease gain and the commodities gains, they would have posted a small loss.
CODA - Just got a rapid response from the CEO. That's impressive. And I quote:
CODA - I just sent an email to their IR person. Someone has to save these guys from looking very odd.
CODA - I read their report this morning. Does anyone else find it odd how they write their earnings releases. For example:
AMMX - Another order announcement:
https://www.newsfilecorp.com/release/222863/AmeraMex-Receives-Orders-Totaling-960000
VIRC - Couldn't have been more wrong on this one. Maybe I should rephrase: I wouldn't be surprised to see it slowly drift back down once it rises another three dollars.
When the operator on the conference call this morning asked me what company I was with, I told her "I was a private investor, because otherwise I'm sure I would have been fired multiple times." True story.
MIND - Congrats. Management gave a positive outlook in the conference call, and it is now trading in the low 4s.
MIND - The tax rate was abnormally high, too, at 46 percent.
MIND - I believe about 8M (eom)
MIND - I ended up buying a few mainly because the share price has been beat up so much over the last month. Definitely not using embezzled money on this one. Hopefully management talks about the preferred conversion and gives the pro forma numbers, and hopefully the backlog didn't crater.
Go Titan! (eom)
MIND - Kind of a tricky situation here. I think I'm going to wait until the earnings PR comes out and then act accordingly. Too many questions for me. You're probably going to have a declining backlog like you noted. Management may or may not point out the pro forma numbers as the king noted. And you never know about earnings. I'm putting this one in the "too hard" pile going into the earnings report.
Long term, though, I think the preferred conversion was a good move. They can always buy back some of that stock they issued if they want to in the future.
Schwab has now added the option to scroll in hundreds in the quantity box on their snap ticket instead of only in ones which was ridiculous. A small victory.
I'm still waiting for the option to add bid and ask columns on the positions page. I sent my rep a message about that again this morning. It seems like you have to be a relentless sob to get anything done.
VIRC - Nice bounce off the bottom. With that language in the PR, though, regarding a slowdown, I wouldn't be surprised to see it slowly drift back down.
VIRC $12.31 - $2.16, getting brutalized this morning, mainly because of this bullet point in their PR imo:
AMMX - Yet another PR announcing more orders:
https://www.newsfilecorp.com/release/222601/AmeraMex-Receives-Orders-Totaling-Over-1.1-Million
MIND - I think it's a positive. Unfortunately they had to up the conversion ratio from 2.7 to 3.9 to get the consent of the preferred holders. Would have been nicer at the lower conversion rate. Last quarter the income before the preferred dividend was 954k. The preferred dividend pretty much wiped it out. Won't have to worry about that going forward. Just more shares to divide it by.
I'm thinking they probably incurred a decent amount of expense with regard to the preferred conversion. I received a bunch of phone calls and letters. And they had to go through it twice. It was a mess with the record dates.
The selloff may just be a knee-jerk reaction to the dilution. I don't own any presently. Last year's second quarter was pretty ugly, so they don't have to do much in comparison.
This common stock has been through a lot. Last year they had the 1:10 reverse split and now the preferred conversion.
SGRP - I saw that yesterday. I wasn't holding any. The way it was trading it surely looked like the deal wasn't going to go through. Oh well. Can't win 'em all.
VOXX - I've been trading it today. It's tough to think about buying back over $5 when it was trading below $3 a couple days ago. The guy makes some good points in the SA article. A sale of the company should pull in way more than the current valuation.
On the flip side, though, they are still losing money. There is no guarantee how their exploration of strategic alternatives will end up. I've seen quite a few companies go through the process and decide to just continue with their business plan.
You have to wonder why the director sold over three million shares to Gentex at $5 right before this strategic alternatives process was about to begin. That's sort of a head scratcher.
I could see picking up some shares at lower prices.
VOXX - Bullish SA article out today. Lots of upside from here if he is right.
https://seekingalpha.com/article/4717641-voxx-international-upgrading-to-strong-buy-with-potential-break-up-value-of-15#scroll_comments
VOXX - Thanks, hweb. Total luck on the timing of that news coming out today, but those valuable assets were always sitting there.
VOXX - I may join you if it gets down there. It's had a huge trading range today between $3.86 and $5.46.
VOXX - Thanks, Nelson. It's funny because I originally got into it because of misleading language in their earnings PR. As I dug into it, though, there was definitely a lot of value there relative to the share price. And then there was that hedge fund that seemed to have torpedoed their share price with all their sales.
VOXX - NIce! Congrats on the gain.
VOXX - I sold a bunch this morning. I'm still holding some, but it's really hard to speculate on what's going to happen going forward, so I rang the register pretty hard.
AMMX - AmeraMex International Wins Orders Totaling $760,000
Newsfile Corp - Aug 27 09:54 EDT
Chico, California--(Newsfile Corp. - August 27, 2024) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has secured orders totaling $760,000.
AmeraMex CEO Lee Hamre commented, "The third and fourth quarters continue to look strong. The new orders, totaling $760,000, are a mixture of new and refurbished equipment and were sold to customers in the natural gas, construction and manufacturing industries."
A Taylor Equipment 6,000-pound capacity forklift sold to a construction company.
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Taylor Equipment forklift
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A Magni Telescopic Handler shipping to a natural gas customer.
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Magni Telescopic Handler
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A Taylor Equipment Wheel Loader shipping to a sawmill customer.
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Taylor Equipment Wheel Loader
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4. A LiuGong 7,000-pound capacity forklift shipping to a manufacturing customer.
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LiuGong Forklift
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An ASV-70 Skid Steer Loader shipping to a retail customer.
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ASV-70
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For more information and pricing of equipment for the logistics, construction, and forestry industries, or to book a demonstration of the First Green Company's Electric's 100 percent electric skid steer loaders, ASV Posti-Tract and Skid Steer Loaders, Menzi Muck Excavators, or a Magni Telescopic Handler, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.
AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are key factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if added information becomes available in the future.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221232
SOURCE AmeraMex International Inc.
VOXX International Corporation Announces Strategic Alternatives Process to Maximize Valuation
PR Newswire - Aug 27 09:25 EDT
ORLANDO, Fla., Aug. 27, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, announced that its board of directors has been conducting an exploration of strategic alternatives in connection with its ongoing effort to maximize shareholder value.
VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporation (NASDAQ:VOXX))
As part of this process, the board will consider a wide range of options for VOXX, including, among other things, a potential sale of the Company, a sale of segments, operational improvements, or other strategic transactions. Per its fiduciary responsibilities and to support its evaluation process, the VOXX board has established a strategic transactions committee which has retained Solomon Partners as financial advisor and Bryan Cave Leighton Paisner LLP as legal advisor.
There can be no assurance that this process will result in VOXX pursuing a particular transaction or other strategic outcome. VOXX has not set a timetable for completion of this process, and it does not intend to disclose further developments unless and until it determines that further disclosure is appropriate or necessary.
About VOXX International Corporation
VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in the Automotive Electronics and Consumer Electronics industries. Over the past several decades, with a portfolio of approximately 30 trusted brands, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, reception products, a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers. For additional information, please visit our website at www.voxxintl.com. For the most recent investor presentation on the Company, please click here.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to the risk factors described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024, and other filings made by the Company from time to time with the SEC, as such descriptions may be updated or amended in any future reports we file with the SEC. The factors described in such SEC filings include, without limitation: impacts related to the COVID-19 pandemic, global supply shortages and logistics costs and delays; global economic trends; cybersecurity risks; risks that may result from changes in the Company's business operations; operational execution by our businesses; changes in law, regulation or policy that may affect our businesses; our ability to increase margins through implementation of operational improvements, restructuring and other cost reduction methods; our ability to keep pace with technological advances; significant competition in the automotive electronics, consumer electronics and biometrics businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the War in the Ukraine and any worsening of the global business and economic environment as a result.
Investor Relations Contact:
Glenn Wiener, GW Communications (for VOXX)
Email: gwiener@GWCco.com
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/voxx-international-corporation-announces-strategic-alternatives-process-to-maximize-valuation-302231688.html
SOURCE VOXX International Corporation
VOXX - Gentex obviously sees value here acquiring over three million shares at $5.00 per share.
https://www.sec.gov/Archives/edgar/data/807707/000035581124000041/sc13d-voxxx08262024.htm
If EBITDA doesn't do it for you, now you can go one step further with AEBITDA.
Nelson, ain't that the truth! Chalk another one up for hweb.
I've always marveled at how an after hours or pre-market reaction to a news event can be wildly divergent from the reaction in the regular session.
Now in this case of IMMR, the after hours reaction is wildly divergent from the pre-market reaction. We can only guess what the reaction will be in the regular session!
IMMR - This is going to put a dent in your winning stock picking percentage. I think this is going to drop it down to 99.9 percent.
AMMX - Sounds like business will be strong for the next two quarters:
https://www.newsfilecorp.com/release/220509/AmeraMex-International-Lands-Orders-Totaling-1.1-Million
Let's not forget Lentinman:
https://martin-manley.eprci.com/