Hweb2...POLA. I've been liking the action so far. I admit I picked up a pretty big position with an average of $8.10. I've been going through every line of the SEC filings, reports I can find anywhere, employee comments, industry news, DC generator competitors, etc. I really like it as a potential long term hold that could play out nicely. I'm going to hold for now, wait for 1rst Q earnings, and see what comes of it. If the story keeps progressing and the risk is reduced (with more diversification of customers), I wouldn't mind buying more shares at a higher price even to use as a multi-year hold.
I'm less concerned about back log than others. They used up like $3.5M of their backlog in 4th Q (I'm doing this off the top of my head so I might be off a bit), but they did $7.28M in revenue for 4th Q. If this was a normal situation it would be a concern. However, 98% of their revenue comes from Verizon. As such, they got $3.7M in extra business from the same customer in the 4th Q that their backlog existed with. It tells me that Verizon is throwing business at them as it comes up, backlog or no backlog.
I will admit that I haven't spoken with the company. However, the SA article author described management (especially the CEO) as engineers who eat oatmeal for breakfast. When you read Glassdoor employee reviews they state the CEO is hard driving and a bit critical. All this works for me. He has 5.5M shares. I can't imagine he did an IPO (and diluted himself out)and is looking to hire 16 more employees going forward without having a solid forecast of where he can take this. IMO, I've found most people who are practical, anal, and a tough boss don't necessarily live in a fantasy world or daydreams. They respond to what is in front of them.
1rst Q will tell a lot imo.
