Profire Energy Inc (PFIE) News

Profire Energy, Inc.
PFIE
shares are trading higher on Tuesday after the company inked a definitive deal under which CECO Environmental Corp.
CECO
-1.13%

will acquire Profire in an all-cash transaction at a price of $2.55 per share.

The offer price reflects a 46.5% premium over Profire’s October 25, 2024 closing share price of $1.74 and a 60.3% premium over its 30-day volume-weighted average price as of that date.

The offer will remain open for an initial period of 20 business days, with possible extensions as needed.

Approved unanimously by Profire’s Board, the transaction values Profire’s equity at roughly $125 million, with an enterprise value of approximately $108 million.



Following this, Profire’s common stock will be delisted from public markets. The transaction is expected to close in the first quarter of 2025.

For 2024, Profire projects sales exceeding $60 million with adjusted EBITDA margins of around 20%.

Todd Gleason, CECO’s Chief Executive Officer, said, “With an installed base approaching 100,000 burner management systems and a growing industrial market product offering, we look forward to accelerating their global market expansion and introducing their high-efficiency solutions to more customers in industrial air and water.”

Does this still have the same CEO who posted here on IHUB one day?

edit: Nope, looks like he is gone

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=103000089

https://ir.profireenergy.com/company-information/management-team

edit again.....looks like Brenton Hatch is still there though. I remember his youtube interview, he seemed quite "untrusting"

PFIE...................................https://stockcharts.com/h-sc/ui?s=PFIE&p=W&b=5&g=0&id=p86431144783

I'm not nearly the trader I used to be. Selling stocks then watching them continue running broke me of a lot of that.

Yep, you were. There was a lot of bullshit going on back then and I was unfortunately a part of it.

I'm not a trader like you so I always look a fundamentals and try to invest. I stumbled into a couple things in the past that I made some mistakes with but for whatever reason they shot through the roof. I always hold too long so nowadays I just try to be involved in A+ companies that might go up or down but don't go away.

Honestly, this one is great. It's a functional profit maker with a lot of cash on hand. It just doesn't get the love that it deserves as far as trading goes. LOL I was piling into this at 0.50 to 0.70 too so I technically would be still doing really well today but there was a divorce involved with a greedy ex and other stuff that has calmed me down.

The stock is at $3.83. Am I still supposed to be watching?

TrendTrade2016

Re: fung_derf post# 3810

Wednesday, August 30, 2023 11:00:16 AM

Post#
3812
of 3835
watch my next pump...DHC..WATCH WHAT HAPPENS AFTER 3.30...

Looks like I was right about this post in response to the CEO....The stock tanked immediately after

fung_derf

Member Level
Re: PFIE post# 975

Monday, June 09, 2014 11:51:52 AM

Post#
988
of 3833
For the record, I sold my stock today due to your posting here. The share price may spike from here, but I don't want to own a company that feels the need to post on penny stock boards.
As a warning Warren Buffet, this goes for you as well in regards to my Berkshire Hathaway stock.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=103063198

I guess I'd have to look up how I did on this stock. Based on a 15 year chart, this hasn't done much, but has had a few spikes

edit: Guess I did ok.

fung_derf

Member Level
Re: None

Wednesday, May 23, 2018 2:19:19 PM

Post#
3712
of 3833
So I'm out at $5. Looks like there may be some run left in this, but I'm not greedy. GL
ƒüñg dꮃ

oops I f'd up that post.. I stated that there was 40 million when in fact it was only four million shares outstanding and this company was trading on the OTC at the time. I put a lot of money on the table for this issue, probably too much but I didn't lose any, that's for sure.

Capital Structure
Price (10/17/24) $1.71 Shares Outstanding 46.83 M

Meh.. I always thought this was a solid company with a really good business model. It's why I was always pounding the table for them in the past. I lost my interest when they started to dump shares all over the place to keep the stock price above a dollar while they were being attacked by short sellers like Citron and Muddy Waters.

When I started here, there were only 40 million shares outstanding and I don't even want to know what it is now. There's nothing left to move the needle here, they are always going to be really good. There's just no public interest like there should be and the share structure got destroyed with all their bullshit secondary offerings..

Are you watching??

WOW! This stock has earnings! And decent ones at that. Who'da figured? Someone find newmedman!!

PFIE..............................https://stockcharts.com/h-sc/ui?s=PFIE&p=W&b=5&g=0&id=p86431144783

BREAKING MY 3 DOLLA TARGET....NOW SHE IS BLUE SKY!!!

Not one stock. My largest account. Some stocks up, some stocks down.
Asset allocation.

Well, no duhhhh. I can tell that now easily enough.

tsla was a buy at 220.00

what stock

i help many people on a daily basis make money, thats what i do!!

Since you are here only to help me. Should I buy back my TSLA now or wait?

Oooooh, Dang it! You're my new mentor!
Just checked, I'm up $1795.95 without your help today.

should have bought the stock when i told you..you would be up a grand with only 1000 shares

Son???....DAD? Is that you?!!!! Where's my allowance you promised me. Based on avg annual returns and on Rule of 72, you owe me $14000.

not the otc son

Very clever comeback. I'm sure you don't want others to know you plan on dumping if you can get them to buy your shares.

go back under your rock

I have no interest in penny stock pump and dumps. Pretty sad that IHUB lets you guys roam around here.

watch my next pump...DHC..WATCH WHAT HAPPENS AFTER 3.30...

WORKING FOR ME SO FAR...2 DOLLA TO 3 DOLLA

LOL....what a great philosophy for investing!!

WHO CARES...LIVE IN THE MOMENT

Sure. Where will it be in December?

THE LOUDER THE BETTER...WHEN I SAY 3 BUCKS...IT GOES TO 3 BUCKS.!!

Ya know, when you're running a pump and dump, you're supposed to be quiet about it.

OTC BAG LICKERS...EVEN THEIR FAKE TRADES NEVER WORK OUT, SO EASY TO SEE THE ONES THAT KILLED IN THE MARKET

And a Bloomberg terminal;) whats ya know about that!

Interactive Broker kiddo ;)

FAK ETRADERS NEVER GETIT RIGHT

GET READY TO RUMBLE...PROFIRE IS ON FIRE...SEE YA AT 3 DOLLA

GET READY TO RUMBLE...PROFIRE IS ON FIRE...SEE YA AT 3 DOLLA

Rotflmao

Lol just started building a short position. You’ll see ;)

Another embarrassment. No wonder you got killed trading

You are right, what’s the point of making money. Boom!

Why would I want to?
You keep answering questions I didn't ask, and none of the questions I have.....and done so all in caps.
Gotta tell ya, not seeing a whole lot of value to your posts.....and considering you went around the board making fun
of stocks I don't own because you thought it would annoy me, without doing any research whatsoever,
I'm not finding your claims of research that great either.

THEY DID A 6C EPS GROWTH LAST Q...FIND ME A $2.50 STOCK THAT BEAT THE STREET WITH 3 QS BACK TO BACK!

While it's true that reported earnings are showing to be positive, I also know the previous CEO lied about many of his claims.
As a self proclaimed chartist, since when are you concerned with earnings?
FWIW, I'm really not crushed if I miss out on a penny stock.
P.S. Still waiting on an analysis of my stocks. As a self proclaimed genius of charting, obviously your opinion matters to me most.

YOU ARE IN SOME KIND OF FOG...WHAT DO YOU WANT TO KNOW FIRST...THE LAST 3 Qs THAT BEAT THE STREET WITH A PROFIT ORTHE LAST Q.. WITH ALMOST 3 MILLION PROFIT