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larrybaz

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larrybaz

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Re: nelson1234 post# 102437

Friday, 01/13/2023 9:38:13 AM

Friday, January 13, 2023 9:38:13 AM

Post# of 114143
MIND - I am out as of yesterday. Firstly, I wasn't overly enthused with the fact that they decided to defer the preferred dividend again. Secondly, I was spooked because they didn't include anything about positive earnings for the fourth quarter in the Jan 5 PR.

It could very easily continue going up, but I decided to be conservative here and take the profit and move on.

From the Dec 13 PR:

Given our current backlog and delivery schedules, we expect to generate revenue of $12.0 million to $14.0 million in the fourth quarter, which we believe will enable us to report positive earnings from continuing operations in that period.




From the Jan 5 PR:

Rob Capps, MIND's President and Chief Executive Officer, stated, "As we have previously stated, we have seen a significant increase in orders recently and expect an increase in revenue for our fourth quarter.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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