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fishhunter

08/18/16 8:32 AM

#39267 RE: Twister #39266

I attended in 2010 and 2013. Perhaps they seated you in the wrong room? But whatever, doesn't matter.

I am more concerned by you saying that my estimates and valuations are "wild and optimistic" and filled with "misinformation."

I have been very consistent in what I have been saying. Please give me one example of a "wild" or "optimistic" valuation or estimate or example of misinformation from any of my posts.

VTSI is currently trading at a PE of 10.
VTSI is currently trading at a PS of about 2.2.
VTSI is currently trading at an EV/EBITDA of 4.7.
These are all based on actual reported trailing 12 month numbers.

Overall market PE is about 18.
Overall market growth rate is about 6%.
Taser is valued at a PS of 60.
Taser is valued at a PS of 6.

VirTra is a proven 20%+ grower in terms of both revenue and EPS. It has been going on for almost a decade now. VirTra has performed far better than market and better than their peers.

Clearly VTSI deserves a PE of 25 (taking into account their balance sheet and enterprise value in addition to all else.)
Clearly VTSI deserves a PS on par with companies like Taser. If VirTra were selling some impossible to trace widgets to unknown customers then I would penalize them for being a pink sheet stock. However, VirTra sells large easy to verify systems that are almost all in the public domain to customers that are the best in the world in terms of visibility and ability to pay - municipalities, fed gov, polic depts., etc. If anything, VirTra has more credibility than most other companies.

Current FY2016 is now half over. VirTra has $9.6mil in revenue and EPS of almost 2 cents through these 6 months. I fully expect them to come in at between $17 and $20mil and 3 to 3.5cents for this full year 2016. I don't see how anyone can call this wild or optimistic. What are your estimates? 3cents x 25 = share price of 75cents. Use PS and EV and you get about 60cents.

Again, give me ONE example of what you find so offensive in my estimates.