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  • Aviat Networks: This $1 Tech Stock Is Too Cheap To Ignore And Trading Near Cash Value [View article]
    Cost savings effort is already underway. Said it will be completed by the end of FY14 (ending June 30th). Company is projecting profitability in first half of FY15.
    Apr 9 03:28 PM | Likes Like |Link to Comment
  • Aviat Networks: This $1 Tech Stock Is Too Cheap To Ignore And Trading Near Cash Value [View article]
    Agree. Microwave networking is going to be growing steadily over the coming years. Market is totally mispricing AVNW. Great value below $2.
    Apr 8 01:43 PM | Likes Like |Link to Comment
  • Forward Industries: A Turnaround Story [View article]
    Yeah. Glad to see the market reacted swiftly to my brilliant analysis from last Tuesday, haha.
    Mar 31 06:24 PM | Likes Like |Link to Comment
  • Forward Industries: A Turnaround Story [View article]
    Not really. They were involved in the stock as an activist several years ago. The fact Forward put in a poison pill last year makes me think he might have been trying to take it private.

    Also doesn't look like that fund has had much activity over the last year except for sells. Could be defunct and he had to sell the position.
    Mar 27 01:34 PM | Likes Like |Link to Comment
  • Forward Industries: A Turnaround Story [View article]
    That filing is for the preferred shares that were already issued last year.
    Mar 27 09:21 AM | Likes Like |Link to Comment
  • Arotech Corp. - A Lithium-Battery Stock Ready To Quadruple; $16 Price Target [View article]
    I'd be careful holding this thing into Q4 earnings. Government spending was soft that quarter and ARTX didn't announce many new orders. I think they essentially guided for breakeven.

    And you're using the wrong share count for your calculations. Total shares outstanding is closer to 20m, not 15m. They did a secondary several months back at around $1.80.
    Mar 25 05:12 PM | 1 Like Like |Link to Comment
  • A Compelling Risk/Reward Situation In Luna Innovations [View article]
    Yeah, the deal wasn't announced until Q1 so the first $6m will be in the current quarter's report. The second $6m will show up in April (Q2). They did book expenses related to the deal in Q4 though...roughly $800k if I remember correctly.

    As far as use for the proceeds, they basically said the same thing on the conference call back in January when they announced the deal....probably why the stock sold off from $2.50+. I'd rather them sit on the cash than do some risky acquisition though. I'd settle for a buyback if they're not going to do a dividend.

    Not sure who the SA member was...did he say he was with SA? I don't remember.
    Mar 15 07:01 PM | Likes Like |Link to Comment
  • Emerson Radio Is No Longer A Value Trap [View article]
    Even if you value the product business at $0, the company is still worth about $100m, or roughly $3.80 a share, by Igor's very conservative estimates. Seems like a good bet here in the low $2's.
    Mar 9 03:49 PM | Likes Like |Link to Comment
  • FitLife Is Very Cheap, But Probably Not For Long [View article]
    Interesting idea. Took a small position. Thanks.
    Feb 14 03:38 PM | Likes Like |Link to Comment
  • A Compelling Risk/Reward Situation In Luna Innovations [View article]
    I think you're right on the mark. Considerable share price appreciation is dependent on the other business lines pulling their weight. Management indicated they are excited about the prospects in their existing fiber-optics line, but it remains to be seen if that unit can become profitable. The fact they decided to jettison the shape sensing technology to focus solely on fiber optics tells me they're confident. Definitely a wait and see, but the cash position and potential future payments should create substantial support for the stock price.
    Feb 14 03:01 PM | Likes Like |Link to Comment
  • A Compelling Risk/Reward Situation In Luna Innovations [View article]
    I'd say it's worth $2.50 as it sits. If they get most of the $18m in incentives or find areas to sell to besides healthcare, $3.50-4 is doable.
    Feb 13 07:44 PM | Likes Like |Link to Comment
  • A Compelling Risk/Reward Situation In Luna Innovations [View article]
    Yeah, I did listen to the conference call. I don't recall them giving any revenue breakdown, but my suspicion is the technology they sold to ISRG did not account for a lot of revenue.

    This is probably what you're looking for on the $18m payment:

    "...plus up to $8 million upon the accomplishment by Buyer of certain technical specifications (the “Technical Specifications Payment”) and up to $10 million in potential future royalties (altogether, the “Transaction”). The Company had been engaged since 2007 in a development project for ISI developing a fiber optic-based shape sensing and position tracking system to be integrated into ISI’s products.
    The Technical Specifications Payment is tied to the achievement of certain technical specifications that were previously established for the development project between the Company and ISI. If these technical specifications are not achieved but the Company’s fiber optical shape sensing and localization technology is nevertheless included in an ISI medical system that receives Food and Drug Administration approval as the system’s only localization solution, then Buyer shall pay the Company $6 million upon such approval. The royalties will be paid at a rate of $10,000 per commercially-sold medical robotic system that includes the Company’s fiber optical shape sensing and localization technology. The foregoing deferred and/or potential payments are subject to set off against any liabilities the Company may have to Buyer for any breach of the Company’s representations or obligations under the Asset Purchase Agreement."
    Feb 13 12:11 PM | Likes Like |Link to Comment
  • A Compelling Risk/Reward Situation In Luna Innovations [View article]
    Yeah, people must be fast readers to buy in the first 5 minutes, haha.
    Feb 12 10:22 AM | Likes Like |Link to Comment
  • Why Lantronix Could See Multiples Of Its Current Price [View article]
    Not sure I've seen a specific list of their customers on the OEM side. This graphic lists all customers and sales channels.

    http://1.usa.gov/1fVFCII
    Feb 9 11:53 AM | Likes Like |Link to Comment
  • Why Lantronix Could See Multiples Of Its Current Price [View article]
    Goodwill is not a current asset.
    Feb 4 10:40 AM | Likes Like |Link to Comment
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