Replies to post #1740 on USA Technologies Inc (USAT)

[FUNMAN]

It's a newly created USAT position designed to divide Herbert's responsibilities, and is being filled by a very competent guy.

It establishes some checks and balances, while allowing two men to focus on their areas of responsibility.

Herbert is to grow the company. Matthew W. McConnell is to run the daily operations.

Two different jobs, with two big tasks.

With the accounting mistakes USAT has made, it's nice to know they have a BOD committee to oversee greater control, and now they have hired the guy who will be directly in control of operations which includes accounting.

They have a better auditor in BDO.

Collectively, these pieces are greater than the sum total of each standing alone.

[FUNMAN]

“As the micromarkets industry continues to grow, more and more operators are looking to add this new channel to their portfolio” -Paul Stadler, VP Product Management, USAT
Read the full article here ??http://ow.ly/84uV50ukfSP

“As the micromarkets industry continues to grow, more and more operators are looking to add this new channel to their portfolio” -Paul Stadler, VP Product Management, USAT
Read the full article here 👉https://t.co/uIhm6OBRfM pic.twitter.com/AaZkUTz6zg

— Cantaloupe, Inc. (@cantaloupeinc_) May 23, 2019

[FUNMAN]

TIME MAY BE RUNNING OUT FOR THOSE BETTING AGAINST USA TECHNOLOGIES, INC. (USAT), WELLTOWER INC. (WELL)

By Daisy Galbraith - May 24, 2019


https://gvtimes.com/2019/05/24/time-may-be-running-out-for-those-betting-against-usa-technologies-inc-usat-welltower-inc-well/


The price of USA Technologies, Inc. (NASDAQ:USAT) went up by $0.03 now trading at $7.21. Their shares witnessed a 126.02% increase from the 52-week low price of $3.19 they recorded on 2019-02-07. Even though it is still -133.43% behind the $16.83 high touched on 2018-08-29. The last few days have been good for the stock, as its price has grew by 19.37% during the week. It has also performed better over the past three months, as it added around 75% while it has so far retreated around -38.9% during the course of a year. The stock of USAT recorded 85.35% uptrend from the beginning of this year till date. The 12-month potential price target for USA Technologies, Inc. is set at $7.75. This target means that the stock has an upside potential to increase by 7.49% from the current trading price.


15 institutions entered new USA Technologies, Inc. (NASDAQ:USAT) positions, 51 added to their existing positions in these shares, 77 lowered their positions, and 40 exited their positions entirely.


USA Technologies, Inc. (USAT) trade volume has increased by 54.69% as around 1,543,328 shares were sold when compared with its 50-day average volume of traded shares which is 997,672. At the moment, USAT is witnessing a uptrend, as it is trading 22.38% above its 20-day SMA, 43.25% above its 50-day SMA, and 8.77% above its 200-day SMA. The company runs an ROE of roughly 0%, with financial analysts predicting that their earnings per share growth will be around 25% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.



The first technical resistance point for USA Technologies, Inc. (NASDAQ:USAT) will likely come at $7.44, marking a 3.09% premium to the current level. The second resistance point is at $7.68, about 6.12% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $6.8, the lower end of the range. USAT’s 14-day MACD is 0.94 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 80.47, which shows that its stock has been overbought. The 20-day historical volatility for the stock stands at 60.83 percent, which is high when compared to that of the 50-day’s 48.72 percent.

[FUNMAN]

usa_tech - All ready for the Five Star Food Service Annual Meeting & Vendor Show. Stop by our booth to meet with Terry and Bob! #USAT @fivestarfoodservice


https://www.instagram.com/p/ByGajd1hTq5/


It seems to me that even with the forthcoming BDO financial restatements, USAT's revenues are still cranking along and the number of connections has probably increased dramatically.

No one except those in litigation will care about the past income. They are only going to care about revenues, connections, the rate of growth, forward net, and what they can project overall growth to be going forward.

[FUNMAN]

MSU's study on USAT's cashless machines found that having a cashless payment option drove up cash sales by 97% on low volume performing vending machines. ?????? Check out more findings from the MSU study here: http://ow.ly/p2Nl50urf7e

MSU's study on USAT's cashless machines found that having a cashless payment option drove up cash sales by 97% on low volume performing vending machines. ⬆️📈💰 Check out more findings from the MSU study here: https://t.co/qooRuX8zO4 pic.twitter.com/zolx41H0qt

— Cantaloupe, Inc. (@cantaloupeinc_) June 3, 2019

[FUNMAN]

Form 3: Matthew W McConnell, Chief Operating Officer


Explanation of Responses:
1. The stock options vest as follows: 16,667 on 09/30/2019; 16,667 on 09/30/2020; and 16,666 on 09/30/2021.


https://usatechnologiesinc.gcs-web.com/node/18146/html



He'll have to pay $5.72/ per share to exercise his options. That's no small chunk of change ... $286,000.

I'm hoping he can at least triple the value when he exercises his rights.

[FUNMAN]

usa_tech - ???? Production day at Five Star Food Services! Stay tuned to see what @fivestarfoodservice has to say about implementing cashless in their business. #comingsoon #fivestarfoodservice #USAT


https://www.instagram.com/p/BySvOilB7Za/

[FUNMAN]

USA Technologies - See what some of our customers had to say about how using SEED Software has positively affected all areas of their business when they sat down with us at NAMA

See what some of our customers had to say about how using SEED Software has positively affected all areas of their business when they sat down with us at NAMA #onesourceofficerefreshment #allstarservices #kandrvending #USAT #NAMA2019 https://t.co/uaRvSQKfk3 pic.twitter.com/OaSOPY98fw

— Cantaloupe, Inc. (@cantaloupeinc_) June 6, 2019

https://www.usatech.com/blog/the-next-30-days-how-technology-is-facilitating-positive-change-and-business-growth-for-unattended-retailers/



Sure sounds like USAT has the right solutions.