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Higher lows and higher highs. Double digits soon.
Zacks update
All because of the upgrade of the company to strong buy. Target for 2024 of $7.50. Very undervalued.
Institutional buying here and increasing volume. Under promise and over deliver is the earnings plan going forward. Need some announcements on contracts but many will be coming soon what with all the RFBs out there.
Poised for a breakout especially in light of the Middle East conflict heating up. Cup and handle being formed. Many mentions in investment community of defense and oil stocks climbing tomorrow. Good luck to all.
This is not a stock to trade. It is a stock to buy and hold until the company gets acquired or some big event occurs.
Of course, very bad news and u can’t get out.
This is almost like a family business of the Taglich brothers.
$AIRI From the earnings report: "Cash flow from operating activities reached $4,862,000 in 2023." Also from the earnings report: "Interest expense 1,920,000." In other words, except for capital expenses--of which Melluzzo said their will be zero or near it in 2024--they were cash flow positive to the tune of almost $3 million in 2023.
So maybe they can get through 2024 and beyond without having to dilute by selling stock.
I'm really stoked! Gonna keep buying.
Landsman Feb. 15 at 1:01 PM
$AIRI Suppose this does $25m in sales in, say, Q4 this year. That would not be too surprising because it is doing $14m or so now, before the new relationships fully blossom and before the new machinery is fully utilized. $25m p/q=$100m annualized. $100m x 3 [a very reasonable multiple] = $300m market cap. $300m divided by 3.3m shares outstanding=$91 per share. Works for me. ·
Low volume day. Watch for pullback unless news released. Very low float as you know. Holding for the eventual buyout.
Done buying for now. Long 160,000 shares at $3.02 average. Backlog is $78 million over 18 months. Target of $20.00.
American Bulls now has AIRI as a buy. Going much higher and way undervalued with initial target of $12.00.
Should add that this is way undervalued still what with all of the contracts and contracts in process. Former CFO working to advance the business by way of procuring new contracts and possible mergers. Target $12 to $15 with takeover value north of $25.00
I do realize that but if you don’t think ahead in this market you will fall behind. Bought mega preferred stocks ahead of the interest rate drops coming whether it be in March or this summer. Long Mega AIRI. Whether the buyout be in 2024 or 2025.
Huge Navy submarine contracts for DRS and GD. Three billion dollars announced today. Should trickle down to AIRI to some degree.
Golden Star today showing it is in a longer term upward move.
American Bulls is Buy today.
Volume increasing past couple of weeks. Volume first, then price.
American Bulls now has AIRI as a BUY. Onward and upward from here.
The person that has attacked AIRI for several years after making $200 grand is at it again. He is probably a AIRI short and is invested in casinos and gambling that Attacking management as not competent, when in reality they had a lot of unforeseen problems to deal with like Covid, material shortages, etc. .
Now that they have dealt with them and shortages are behind them they should have real earnings going forward. Locked and loaded for first quarters numbers.
Although low volume buyers are starting to recognize the true value of the company. They only need to announce new contracts and we should go to $3.50.
Their opinion changes with the weather from day to day
We experienced increasing traction of our growth strategy for Sterling Engineering in Connecticut. Sterling had a noteworthy quarter, achieving sales that broke through the $2 million level for the first time in many years.
Sterling's increasing sales, favorable product mix and higher volume and better cost absorption continue to contribute to its strong and improving profitability. As I discussed on the past calls, our strategy for Sterling is to expand its sales, especially through long-term agreements, modernize its plan and invest in critical new equipment, providing unique capabilities and differentiate it in the marketplace.
Towards that end, in partnership with a major customer, we secured flash welding equipment to support the welding of the arresting gear for the US Navy's E-2D aircraft program. Air Industries is now the sole provider of this process used to manufacture mission-critical product and expanding our portfolio of special processes.
We also now have a fully functional and producing paint shop have added a new large format bridge mill to support our expanding helicopter business and acquired a new CMM, a coordinate measuring machine to bolster our capabilities in final inspection.
Also at Sterling this year, we have installed a new roof and the installation of solar panels is underway. Company-wide, the current tenor of business is exciting and has only increased our enthusiasm for the future.
Air Industries increased business development activity has resulted in a notable increase in our quoting activity and bookings. On a trailing three-month basis, bookings of new business have doubled over $6 million a month compared to December 31st of 2022.
Conference call was filled with many references to ongoing advancements in technology and business. Next quarter more sales and contracts. Many advances in the Connecticut business model.
Anyone hear the conference call?
Hopefully we will see a bump in PPS. Own many shares and it would be nice to see some growth. It may take a while for improvements to be recognized.
PPS hasn’t dropped when showing a big loss. This is a value—Takeover play at this point worth at least $15.00. Five banger from here minimum. I can wait for full value to be achieved.
Glad that’s behind them. Does it ever end? There seems to be always something that rears it’s ugly head. Hopefully a takeover soon at decent PPS. My retirement fund needs to go upwards.
November 15th Late filing notice.
The Company anticipates that its net sales for the quarter ended September 30, 2023, will be approximately $12.3 million, approximately $1 million less than net sales for the comparable period of 2022. In addition, it will report a loss from operations during the third quarter of 2023 of approximately $800,000, compared to income from operations in the third quarter of 2022 of $169,000. The Company’s net loss for the 2023 third quarter will be approximately $1.3 million, as compared to a net loss for the 2022 third quarter of $142,000.
Loss of $800,000 already reported and no drop in PPS. Price of quarterly loss already priced in. Way undervalued based on takeover value and future business outlook. Add new contracts being bid on and more defense spending.
Don’t think so as takeover is in process. Awaiting announcement soon and multiple offers. Nobody in their right mind would sell at the bottom here.
See well written post on Yahoo about future of AIRI. Recent insider position change is to explore alternatives for sale of company. Worth $7 to $10 or more. Niche business in defense area.
Really holding up well. Nobody wants to sell here. Worth much more and company will announce plans to sell company. Bidding war quite possibly by a few companies. Company worth north of $10.00.
Earnings and we move to $10.00 fairly quickly. Loss and back to $1.60.
Someone knows something. Spike prior to earnings is encouraging and takeover possibilities in background. Hugely undervalued here. The price is not going to be cheap.
All bets are off now as AIRI moves upward. Targets of over $12.00. Additional contracts are in the works. The start of a world unfortunately with more wars and conflicts that will move the company’s business forward.
Such low volume it is hard to know. Think it will be flat until earnings.