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More VTSI color…..Earnings Monday pm Analysts expect 6.8mil and 4cents I expect 9.5mil and 20cents. Last cc in late March was incredibly bullish, talked about GM expansion from 60% to 70% over course of this year. Backlog has built up and they talked about lowering it by shipping product. Their rental program STEP is growing quickly, all recurring revenue. Now some intangibles……the Mark Gomes Storytime stock people are again sniffing around, last time that happened they drove it to $12 two different times on their expectation of Military contract and their pump/dump manipulative power. Both Ferris and Givens (VirTra has co-CEOs) are scheduled to appear live on Storytime on May 30th. No way on Earth would they do it unless Q1 was great and upcoming Qs were looking great. The company has a great balance sheet with more cash than debt. Steady profitable growth. And finally an aggressive CEO in Givens who knows how to manage. The big carrot that continues to evade them is the fat Military contract but with Givens it will eventually happen, perhaps as early as Oct 1, 2023. Operationally, they need to fix their Sales Org, it sucks. Once they do it, it will be a $100 stock though I expect them to get bought out at $30 to $50 within three years. Am I pumping a bit? Sure am but I believe every bit of it. I was pretty down on VTSI until the Givens hire. He changed everything! |
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