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Denver Smith  

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  • Mr. Market Needs A Math Tutor: VirTra Systems Is Due A Major Revaluation [View instapost]
    I provided a link to their GSA pricing guide with all of their products... excluding a few newer ones... here it is again...

    http://1.usa.gov/1H7fuZF
    Jun 22, 2015. 12:52 PM | Likes Like |Link to Comment
  • Mr. Market Needs A Math Tutor: VirTra Systems Is Due A Major Revaluation [View instapost]
    They basically range from 60k to 340k... thats without accessories
    Jun 22, 2015. 12:52 PM | Likes Like |Link to Comment
  • Mr. Market Needs A Math Tutor: VirTra Systems Is Due A Major Revaluation [View instapost]
    even if this is peak earnings this year, which i don't believe is the case, the company has still been generating $1.5-2 mil in ebitda on for the past 2 years
    Jun 20, 2015. 12:54 AM | Likes Like |Link to Comment
  • Mr. Market Needs A Math Tutor: VirTra Systems Is Due A Major Revaluation [View instapost]
    im not trying to imply that revenue will increase by 16% year over year every single quarter... just used 16% because the long term overall trend of sales hs been 32% growth excluding big orders and figured that 16% would be a conservative growth rate for the next few years
    Jun 20, 2015. 12:51 AM | Likes Like |Link to Comment
  • Mr. Market Needs A Math Tutor: VirTra Systems Is Due A Major Revaluation [View instapost]
    if you look at core revenue growth from quarter to quarter it is extremely lumpy. When you have a company receiving orders individually worth around $350,000, a few days timing difference on when a product is delivered can be the difference between 10% year over year growth and a 10% year over year decline
    Jun 20, 2015. 12:43 AM | Likes Like |Link to Comment
  • What Every Savvy Oil E&P CEO Should Consider Now: Buying Penn Virginia [View article]
    I am getting the drilling results from the company's fourth quarter results presentation slides... (released February 26th of this year)

    More specifically, the 4 most recent wells listed at the very bottom of the 11th page/slide from the following link...

    http://bit.ly/1HckFsd
    Apr 21, 2015. 02:13 AM | Likes Like |Link to Comment
  • Butler National Is Growing & Generates Half Of Its Market Cap In Free Cash Flow [View article]
    brooklyn badger - I agree w everything you said except not purchasing the minority position in the casino business

    I think that in order to have a successful separation of the 2 businesses they need to own the entire casino business first, and then they should separate the companies

    if they spun off a business that only has a 60% ownership position in the casino management segment it would get a really bad valuation from the market
    Apr 1, 2015. 08:21 PM | Likes Like |Link to Comment
  • Butler National Is Growing & Generates Half Of Its Market Cap In Free Cash Flow [View article]
    I would assume it means they will literally spin-off shares, but the informal manner in which it was discussed made me think they might have just been talking about selling the casino division
    Mar 24, 2015. 02:37 PM | Likes Like |Link to Comment
  • Butler National Is Growing & Generates Half Of Its Market Cap In Free Cash Flow [View article]
    they directly mentioned spinning off the casino business 2 times (after minority stake is purchased) during the conference call

    im not sure if the term "spun out" was directly inferring that they are doing a spin-off or just that they are planning on separating the two businesses
    Mar 24, 2015. 02:36 PM | Likes Like |Link to Comment
  • Butler National Is Growing & Generates Half Of Its Market Cap In Free Cash Flow [View article]
    ha true that knocked out a big chunk... cap-ex has been highly variable across quarters
    Mar 24, 2015. 02:35 PM | Likes Like |Link to Comment
  • Butler National Is Growing & Generates Half Of Its Market Cap In Free Cash Flow [View article]
    Thank you for your thoughts and input. I actually just looked at Butler's new website a few weeks ago and meant to mention it on here but forgot to do so. It is a huge improvement from the last website. The last website in and of itself made me skeptical doing further research on the company.

    Casino revenue up 11% and growth expected throughout the rest of the year.

    Operating income up from $18,000 to over $500,000 solid on all accounts... aerospace was down on the top line but the quarter over quarter comparisons are hard because of the timing of completions of larger orders.

    Overall I was impressed... continued to improve strongly on the cost management front
    Mar 17, 2015. 07:37 PM | Likes Like |Link to Comment
  • What Every Savvy Oil E&P CEO Should Consider Now: Buying Penn Virginia [View article]
    thanks for sharing your thoughts mktrades
    Mar 17, 2015. 07:30 PM | Likes Like |Link to Comment
  • What Every Savvy Oil E&P CEO Should Consider Now: Buying Penn Virginia [View article]
    thank you
    Mar 17, 2015. 07:29 PM | Likes Like |Link to Comment
  • What Every Savvy Oil E&P CEO Should Consider Now: Buying Penn Virginia [View article]
    I think the big takeaway here is that the company is one of the lowest cost oil producers... and because of its increasingly successful drilling results, lower future drilling and operating costs and it's improving production decline curve profiles... It is capable of slashing its capital expenditures by 60% over the next year and it will still be able to grow production by 26%. Pretty impressive in my opinion.

    Haha and yes Penn has a long and strange history as a public company. If Penn wouldn't have transitioned away from coal when it did chances are it probably wouldn't be in business at all so I don't so much look at its stock being the same as it was 30 years as a bad thing. It's definitely a better outcome than what would have probably happened if Penn continued to be a coal miner. May have filed for bankruptcy by now. Take a look at what has happened to essentially all other coal miners... They aren't in a great place right now.
    Mar 11, 2015. 02:25 AM | Likes Like |Link to Comment
  • What Every Savvy Oil E&P CEO Should Consider Now: Buying Penn Virginia [View article]
    Company had a gaap loss of $409 million in 14 but 791 million was due to impairments because of adjusting reserves due to commodity prices just like all other e&p companies have done

    I look at adjusted ebitda which was $85 mil in 4q
    Mar 10, 2015. 10:46 PM | 1 Like Like |Link to Comment
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