Savvy Trades and Investments

[2morrowsGains]

PCTI...Restarted a position @ $6.40's, $6.50's this morn...Seems reasonable when you look out further than outlook of PCTEL's upcoming FY21 Q1 results. Planning on adding if it drops from here. Good growing sector. Dividend yield back to 3.35%. No debt, good cash, growing sector, looking for an acquisition, and buying back shares.

- Our M&A activities are also an important component of long-term growth for the company. As the pandemic continues, we believe there will be opportunities to evaluate and pursue acquisitions to grow PCTEL through adding complementary products and markets in new regions.

- We announced a share repurchase program on November 10, 2020 pursuant to which the company may repurchase up to $5.0 million of its common stock through the end of 2021. During the fourth quarter 2020, we used $1.8 million of cash to repurchase approximately 289,000 shares.

- We are developing software applications to help our customers more efficiently collect, store and analyze the data on a cloud-based platform. Our solutions are in a leading position in the U.S. market, but by addressing P25, LMR, DMR and Tetra technologies we will expand our addressable market globally and we believe these products will contribute meaningfully to revenue in 2021.

- PCTEL’s balance sheet remains very strong with our significant cash and investments and no debt. Cash and investments including long-term investments were $41.0 million at December 31, 2020.
https://seekingalpha.com/article/4410064-pctel-inc-s-pcti-ceo-david-neumann-on-q4-2020-results-earnings-call-transcript