Comtech Telecommunications Corp. CMTL

Someone is loading. Many trades at the ask in the thousands of shares.

I did. I voted against compensation. They should all be taking salary cuts with such poor performance all around.

This is a company with over $800M in backlog and $84M market cap right now! Just unbelievable.

I am with you, this CFO must go. No fiduciary duty being shown here. This should have been fixed months ago since the departure of the former CEO.

@Cavaliere, not really understand puts and calls, please confirm the implied movement in price is upwards. Thanks.

If current CMTL’s market cap is at $118M, some saying the 911 business segment should get $500M, realistically speaking, if any one of us put ourselves in the buyers shoes, wouldn’t you go to get the WHOLE company since you would be offering over 400% premium at current levels?
My take: other competitors will see CMTL is willing to sell, might as well go for it and gobble the whole entity. This will certainly ensure us getting priced in the teen’s, IMO.

Well, short term effects of the impairment to goodwill is the hit it will take in the income statement as it is reported as a loss. Sure it is not ‘cash loss’ but it affects EPS and decreases book value (Goodwill is an asset account).
In any case, what will counter this negative could be the removal of the going concern opinion by the auditors, the revenue guidance for 2024-2025 fiscal year, the confirmation of the $540M contract and no further protests expected.

@Damien, I’m with you, Porcelain most of all, did the most damage (I.e buying back a lot of shares when shares were in their $30’s, instead of investing the money in growth opportunities; then re-issuing these shares out at a much lower value when they were in the lower teens; the failed Gilat acquisition which resulted in paying them $70M hard earned dollars in penalties). The only good thing about their letter is bringing awareness of the value of the company as an enterprise.
As for me and my nearly 25K shares I own, will vote for the new board yes, but will not vote any of these to Porcelain and Kornberg.

@trufflehog no need for a Non-Timely 10K form as they have full 90 calendar days after fiscal year ends to release the form. Formal SEC deadline is 10/30/2024.

CMTL has 90 days to file their 10K after the end of their fiscal year which was July 31st 2024. That means they have until end of October to file.