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Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-06-18 | 2024-04 | 0.08 | 0.2 | 0.12 | 150.00% |
2024-03-18 | 2024-01 | 0.28 | -0.15 | -0.43 | -153.57% |
2023-12-07 | 2023-10 | 0.26 | 0.24 | -0.02 | -7.69% |
2023-10-12 | 2023-07 | 0.18 | 0.29 | 0.11 | 61.11% |
2023-06-08 | 2023-04 | 0.16 | -0.33 | -0.49 | -306.25% |
2023-03-09 | 2023-01 | 0 | -0.23 | N/A | N/A |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-06-26 | Citigroup | Upgrade | Neutral | Neutral |
2023-06-08 | Citigroup | Upgrade | Neutral | |
2022-12-11 | Citigroup | Upgrade | Neutral | |
2022-06-14 | Jefferies | Downgrade | Buy | Hold |
2022-06-12 | Noble Capital Markets | Upgrade | Market Perform | Outperform |
2022-06-09 | Citigroup | Upgrade | Neutral |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
2023-10-03 | BONDI MICHAEL A. | Chief Financial Officer | 72.82K | Conversion of Exercise of derivative security |
2023-06-25 | CARPENTER WENDI B | Director | 4.51K | Purchase |
2024-03-27 | HEDDEN MARIA | Chief Operating Officer | 12.02K | Conversion of Exercise of derivative security |
2022-09-28 | KORNBERG FREDERICK | Director | 556.20K | Stock Award(Grant) |
2023-08-10 | LESAVOY LISA | Director | 43.10K | Stock Award(Grant) |
2023-09-11 | PETERMAN KEN ALLEN | Chief Executive Officer | 57.64K | Conversion of Exercise of derivative security |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Blackrock Inc. | 1.82M | 16.62M | 6.46% |
2023-06-29 | Dimensional Fund Advisors LP | 1.52M | 13.85M | 5.39% |
2023-06-29 | Archon Capital Management LLC | 1.49M | 13.60M | 5.29% |
2023-06-29 | Vanguard Group Inc | 1.38M | 12.57M | 4.89% |
2023-06-29 | Freshford Capital Management, LLC | 1.29M | 11.75M | 4.57% |
2023-06-29 | Royce & Associates LP | 1.02M | 9.30M | 3.62% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Vanguard Total Stock Market Index Fund | 846.57K | 7.74M | 3.01% |
2023-08-30 | iShares Russell 2000 ETF | 615.43K | 6.19M | 2.19% |
2023-06-29 | Royce Opportunity Fund | 511.52K | 4.68M | 1.82% |
2023-06-29 | Vanguard Extended Market Index Fund | 364.16K | 3.33M | 1.29% |
2023-07-30 | DFA U.S. Small Cap Value Series | 316.06K | 3.21M | 1.12% |
2023-07-30 | First Eagle Small Opportunity Fund | 293.27K | 2.98M | 1.04% |
Dividend | Date |
---|---|
0.1 | 2023-01-17 |
0.1 | 2022-10-18 |
0.1 | 2022-07-19 |
0.1 | 2022-04-19 |
0.1 | 2022-01-18 |
0.1 | 2021-10-12 |
Split | Date |
---|---|
1.5 : 1 | 2005-04-05 |
1.5 : 1 | 2003-07-15 |
1.5 : 1 | 1999-08-02 |
1 : 5 | 1991-01-09 |
1 : 5 | 1991-01-08 |
2 : 1 | 1980-04-16 |
They just filed with SEC a request to extend their 10Q filing five calendar days from due date. Due to refi and going concern. Let’s all hope for the best.
@superTed, you said yesterday we were going to get refi news today and zippo.
In my opinion, the price levels now lend to day traders and algos to impact daily price. Algos and people who have no clue on fundamentals will be in for a surprise. Look at the tangible value per share at $14 plus, this thing will explode with catalysts like refinancing news, contract of $550M reaffirmation and potential offer for acquisition which even if it doesn’t get approved by board it will validate pricing per share at much higher levels. Have a nice weekend everyone.
Some would say, but there is $185M in debt, which gets subtracted from value of the deal to which I’d say, sure, but take a look at current assets (in excess of $340M!).
Current market cap about $71M, someone comes in an even if it offers 500% premium to current share price still a bargain compared their visibility on revenues. All of their tribe of chiefs will be gone, lots of synergies and consolidation, this is not a matter of if, it is a matter of when and I’m putting my blood on it owning 25K shares which is the most I have ever committed to a single position.
Once they get re-confirmed on their $550M contract under protest now, they immediately become target of acquisition from peer players in their field. Compare CMTL’s current market cap vs this contract value.
@MazaFernando, please provide link to validate your statement CMTL is being dropped off the Russell.
Quarterly results just one week away. I have seen it go up couple dollars, sometimes more, on good results. At this point in time, meeting revenue expectations and good gross margin will do the trick as this report influence is heightened by recent events. Good chances of a short squeeze to occur.
I have been in and out of this position for several years and very familiar with its performance history. Never had these many shares, 25K, in it to win it.
Looking forward to see their quarterly presentation and attend their conference call.
Earnings are out next Thursday. With good results this will move up at least a couple dollars. Risk averse shorts must be the ones covering now and driving it up.
@Startrader, in addition to your comment, the other great news from your post is that it seems finally they have started reducing the number of Chiefs! Your shared article mentions about “FORMER Chief Growth Officer Nicole Robinson”!, once again I remind other investors, Comtech had shares priced above $20 with only 3 Chiefs prior to Peterson making that mess of a multitude of Chiefs (greatly affecting gross margins).
In my opinion there are three nice catalysts in the very near horizon:
With shorts still at all time high, any of the above happening is a nice short squeeze.
@trufflehog, most interesting is who is not part of this program. I certainly hope this means they are correcting the number of Chiefs really needed. The CEO voluntarily elected not to participate in this program.
Some shorts are starting to cover.
At least previous BOD managed to get a decent shareholder value. Current BOD must be fired. No communication, no ‘letter to shareholders’
We are still sinking and no reaction from anybody!!!
With the 911 service woes, Western states should be more amenable now to follow AZ lead’s and switch to CMTL 911 system.
A few things to take into consideration:
Book value at $14.29 (total assets - total liabilities). A large size equity investment firm, in my personal opinion, should already be looking at the opportunity to take this private and re-IPO 3 - 5 yrs from now and double or triple their initial investment.
This is a win win situation for shareholders and equity investment firm. Again, book value at $14.29 per share the equity firm can buy at a substantial discount knowing the board must recognize that once a public company loses the zest of investors will only dwell in the basement for years.
This is reality. So board of directors, do the right thing, the company doesn’t need so many chiefs, it operated for over 25 years with only a CEO, CFO and only recently, give or take 5 years added a COO, and most recently 5+ C level executives joined. I’m also seeing shorts increased their take. BOD it is your fiduciary duty to do the right thing. Say something, issue a letter to shareholders, regain some trust.
This notice can serve both ways now, one to show current board members should be fired, and two, read at the why’s the offer was not accepted, in my opinion, just these reasons are more than $10 per share worth for Comtech.
My opinion is inflation not helping right now, increasing inflation means either higher interest rates, keeping interest rates the same (which are already high) coupled with prolonging cutting of interest rates. This directly affects the refinancing as 25 basis points are quite costly when refinancing such amounts. I keep hoping the Fed, if prolonging the rate cuts, then double up on the cut the next meeting.
In my view, the company can’t enter refinancing with the current headwinds it is facing. It would enter refi negotiations with a weak hand. However, once the Army contract is ratified one final time, coupled with a few additional wins, then you go into refinancing process with a stronger hand. My personal opinion. Side note, I still believe part of coming in with a stronger hand, is for the board and new interim CEO to show fiscal responsible by cutting down on the number of Chiefs.
Up about 10% on no news. Volume tells us no full exodus of shorts covering, which is good. I see about 1.5M shorted shares with over 2 days for covering. If they release good meaningful news (Army contract decision, refinance without dilution), then we are easily back into high single digits.
In the meantime, I just put a Good Until Cancelled order for all my shares so they can’t be borrowed by shorts.