VirTra Inc (VTSI)

[fishhunter]

tired - oh so true.....but,

Even though I rant and rave I still like many things about the company and the stock. And for a value guy like me it is easier to like at 4.7 than at 6. As long as Q2 was very good the stock should be ok since Q3 and Q4 will be strong and much better than the year ago.

And while we have gone from 5.7 to 4.7, it has been on negligible volume and without any news so likely just a seller or two that wanted out. It will go up just as easy when a buyer or two emerge. At some point it will go up $2 or $3 in a single day and probably double or triple in a couple weeks. Hopefully it happens later this year or first half of 2019.

And while the overall stock indexes are high, there are a ton of undervalued small (and not so small) company stocks out there. Way more undervalued than VTSI. So from that perspective at least VTSI is doing ok. A stock like NAII has an EV/EEBITDA of 2 and a balance sheet with a net $4.50 of cash and the stock is at $10. A stock like RFP has and EV/EBITDA of 4 and has a forward PE of 6 or 7. And yes, I know examples can be found of the opposite and that makes VTSI look worse but relative to many, VTSI's valuation is actually not terrible based purely on the numbers and recent quarters.

What makes VirTra different (for me) is that I see so much potential with it given its product and customer. So from that perspective I consider it very undervalued. The right decisions from the CEO could take it very high very fast. Let's hope that happens.