Me neither. I hate the fact your broker can force U to close out the position out of nowhere.
On another note, it looked like PCMI had a sequential drop of 60 basis points on GMs even with the stronger sequential revs and growth in areas that are supposed to be a bit higher margin like SoS as I recall so that doesn't look good on the surface.
Also looked like about $5 mill of the extra SGA is more likely to stick from hired on staffing going forward so potentially upwards of an extra $20 mill a year hit. Yes the 5% revs growth helps but it gets eaten up pretty quickly with the extra overhead.
They talked about a more profitable public sector contract getting pushed out last Q and said the same thing this Q that it is still being delayed (hopefully Q2 I think I read) so who knows if they get that back. That'd be a positive if they did although they would not quantify it or the one that was operating at a loss. And even though they ended the one apparently operating at a loss, they still had sequential drop in GMs.
I predict the company will be about break even or have a loss (net GAAP) in Q1 operationally. Their interest expense is going higher and their amount borrowed under the LOC was up more than 100% YOY in a rising rate environment.
That short squeeze today was nice for the longs! Could use a couple of those in my port LOL.
All IMO only. Good luck.
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