I just wish I could type as concisely as you. I am far too wordy, good thing I type fast. Every quarter VirTra tells us exactly what the expenses were for the just completed quarter or fiscal year. Expenses are actually lower now as a percentage of revenue than they were when VirTra was half this size. This is clear if you simply compare the GAAP net income numbers. Your point though about .40 and .04 is a good one and I think it is a lesson everyone should heed with respect to VTSI. Right now VTSI is at ".04".
I don't personally know Ferris and have never met him. What I do know is that he has delivered on everything since I started following about 7 or so years ago so Yes, I do like him. Also, I believe Ferris is a much smarter savvier CEO and better manager today than when he founded VirTra. He has learned a lot from several mis-steps. No way would he ever do the Duchess financing deal again, the way the Modern Round relationship is nailed down shows he learned from the Gander Mtn fiasco. His communication to shareholders today is better than it was even 5 or 6 years ago. The steps he recently had the company take to ensure the outcome at Friday's shareholder meeting shows me he learned from the failed rev split effort of several years ago. I'm not saying he walks on water, simply that he is obviously smart, has built a strong company, and has learned and improved from his mistakes and successes.
With respect to stocks, I factor many things into my buy/sell decisions and am probably more of a "gut feel" guy than my posts would lead you to believe. I have had many expensive lessons along the way, especially back in the day when you had to trade through a broker. I place a ton of importance on what a company says in its press releases, earnings reports, and ccs and I always believe everything a company says. I am a big believer in PS and EV/EBITDA as valuation guides. PE is not very important to me. I also am a big believer in charts and believe they are the best indicator of sentiment and NOT self-fulfilling prophesy. I've been a stock picker since about 1990 and followed the markets on a daily basis since about 1973 when I was very young and my great Uncle would pay me one dime and one KitKat bar for sweeping out his tiny garage-sized sheet metal shop. No one else in my family cared about stocks/the market so I haven't a clue as to why I did - other than my love of money. Holding it, feeling it, counting it, stockpiling it, now spending it, etc. I still love money - but get far more excited about deer season and bird hunting starting 1 week from today.
