tdeck
5 years ago
Good company, always usually has a CC which is not really a thing OTC's are known fro definitely a stock you want to add by bid sitting in between Q's. A some do take profits, not a lot not a lot but if you are patient and put GTC can start add to a position at a nice level stock isn't a crazy one and company does try and do what is best for shareholders and the company always. Its a real thing not some group trying to get everything they can out of it at a detriment to the company.
They want to grow and do buy back shares, they are not diluting type what so ever, nice little investment for not a lot of money one can have in their back pocket so to speak mixed in with their solid big board stocks, patience her is key and a winning strategy IMHO. You can as it rises or bounce sell a little buy back a dip and build up to where your investment is free almost then the wait is virtually painless and your risk is almost nothing as well at that point, which is how I do the very very very few OTC stocks I do invest in.
Peace out.
tdeck
6 years ago
Nice 10Q thats what I been wanting to see, a big uptick in the Aerospace side of the business.
27% up overall YoY, Aerospace Products revenue was $19.6 million compared to $11.5 million in the nine months ending January 31, 2018, an increase of 71%.
And profits sweet. The nine months ending January 31, 2019 net income increased to $3.6 million compared to a net income of $342,000 in the nine months ending January 31, 2018. The nine months ending January 31, 2019, operating income increased to $4.5 million, from an operating income of $1.4 million in the nine months ending January 31, 2018.
As many here know, I have long droned on and on that they need to focus on the aerospace division more, but, the old man was set in his ways, maybe he is letting loose his grip a bit more. Well pleased to say the least!!
It's just like another on of my long term holdings SKAS that had a similar old school family member holding onto days of yesteryear.
Keep it up, you shall get no complaints from me, we continue in this fashion $1+ by November is not out of the rhealm of possibility if not sooner.
Peace out.
tdeck
6 years ago
I like it hold it have for a while, I have played the spike up 50% and sold some off to add more lower with the $$ other than that I hold and add a little bit at lows seems to stay above .20 reguularly. They are buying back shares still as far as I know, they are buying them out of the market in chunks so as not to run the price right away and have been. I really would love them to get away from the Casino Indian deal, but, that may take the old man stepping aside, focus on the core business the airplane parts thats the money and less headaches.
Other than that I await an update with next 10Q hope they will do another conference call, its a safe bet as in investment like I said my only dislike is the old man and the card rooms. Hopefully that will change, to much competition and is a seedy business.
Sorry this is rushed a bit in the middle of something, welcome hopefully by Xmas we are bacvk in the .40 range I do not see why not.
Any questions or opinions you may have I welcome them, Peace out.