Replies to post #84866 on Savvy Trades and Investments

[2morrowsGains]

PCTI...Q4 lot better than I was thinking. Thanks for the update on guidance nelson.
Still have PCTI on my watch list and am currently on the sidelines. Was fortunate enough to have sold my shares in Jan on the huge spike. Also made profit on shorting some in the $10's after seeing there was no substantial news tied to the spike.
Still like PCTI and think it's a good LT hold but will only buy back maybe in the mid $6's and probably for sure if it hits the $5's.
I'll read through the cc transcript this weekend or listen to the call.

[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

[2morrowsGains]

PCTI...The anticipated acquisition announcement...PCTEL Expands Vehicular and IoT Antenna Portfolio With Acquisition of Smarteq Wireless
May 03 2021

Business Wire

PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems, and test and measurement solutions, announced today that it had acquired Smarteq Wireless AB, a leading European supplier of antennas for vehicular, energy and Industrial IoT (IIoT) applications. PCTEL acquired Smarteq from Allgon AB.

Smarteq Wireless, based near Stockholm, Sweden, provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction and off-road vehicles. The company focuses on external antennas that meet high standards for performance, reliability and robustness.

Smarteq serves customers in 20 countries through offices in both Sweden and France. Founded in 1996, the company has decades of experience in antenna design, production and sales.

“With Smarteq, PCTEL has a strong local presence, expertise, and channel partners to accelerate our growth in Europe, as well as a complementary portfolio of products for our Industrial IoT and intelligent transportation customers worldwide,” said David Neumann, PCTEL’s CEO. “We are also excited to enter new markets such as electric vehicle charging stations, where analysts predict significant growth over the next several years,” added Neumann.

“With PCTEL, we have the opportunity to accelerate our product innovation, expand our reach and scale our operations to provide superior customer service,” said Goran Sandstrom, Smarteq’s CEO. “We’re excited to work together to expand our presence in Europe and be a meaningful growth driver for PCTEL.”
https://ih.advfn.com/stock-market/NASDAQ/pctel-PCTI/stock-news/84988617/pctel-expands-vehicular-and-iot-antenna-portfolio