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.
jlmiflores
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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.
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In the meantime, I just put a Good Until Cancelled order for all my shares so they can’t be borrowed by shorts.
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Why the Globalsat and Comtech article is not on the business news platforms? Don’t see it in Yahoo Finance nor Fidelity. Is it real?
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Low hanging fruit, company is definitely top heavy’ with all those Chiefs. Perfect opportunity for interim CEO to show he understands this and shows the industry he has the guts to pull the cleaning house move. If you do a comparison of competitors, companies with the same revenue size, do they have that many Chiefs? Gross margins, bottom line all affected with this top heavy condition. Let’s see if there are guts to go against the personal favors and do the right thing.
This will also give credibility to lending institutions, being fiscally responsible opens the doors for refinancing, more investing offers, etc to remove the huge elephant in the room due this October. Then and only then, this returns to double digits. -
Very motivated with these latest influx of news. Certainly looking a lot better to achieve double digits here.
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Cell phone typing, one CFO. They don’t need anyone else besides the usual 3 top managers. That is the first move to do. Trim the fat, the such called ‘unification’ is done. Even to serve as a better comparison, the way it was before was producing a better stock price.
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@thegreatone, I want to see the executive management team go back to normal and have a CEO, a COO, a land CgO nothing else
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Yes, might as well average down and hold two quarters for reward. Along the way collecting some dividends.
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Current C level titles:
CEO
CFO
CLO
CTO
CCDO
CPO (Chief People Officer) ??
CSO
Did I miss one?
This is about my ‘too many Chiefs’ comment. Investors will see some consolidation as very positive. (Elimination of redundancies).
Fat salaries and benefits, fat increases to G&A costs. Let’s see some immediate reduction in operating expenses. Like Reagan famously said “Mr Gorbachev, tear down this wall”, Mr Ratigan, turn around this fall. -
Moreover, just the recent win of the GFSR program, which was a win over an incumbent competitor speaks volumes on projected sales for 2024. This GFSR program alone award is for half billion dollars!
In my personal opinion, this is a perfect opportunity for the new CEO to come in, clean house (he obviously has the board’s support), and reduce the number of ‘chiefs’ in the kitchen to a more standard industry level. I am glad Peterman is out (ask Viasat employees). -
For a convertible transaction, the investing company must perform due diligence. The most recent investment was certainly analyzed by the investment firm with enough ROÍ built in that approving almost $50 M gives retail investors, like most of us in this position, a reason to hold.
Look at EBITDA numbers as well, 10% or higher is a sound valuation measurement. -
One single order for either one of the newly released products and at the very least we will be trading around the 52 week high. My personal opinion.
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“When a stock continues to trade up with small volume it’s a red flag”…. I would rather interpret it as people in the know, people that believe and are seeing progress, are simply increasing their holdings and averaging down. I started in the $6’s range, averaging down any time I can. More news released today, sooner or later this is going to pop. To get orders you need to advertise, promote, but most importantly to see, you can’t promote something it doesn’t exist. This barrage of new product releases since end of the year looks fabulous. SATCOM and 5G, billions of dollars markets! I certainly hope for the number of shares I have, once the first kernel pops, there will be a nice explosion, shorts will cover, we will be handsomely rewarded for our patience. All my personal opinion. Good luck to all the longs.
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WOW! Very motivating news today!
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Obviously there is someone accumulating some shares. Good for all of us longs.
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5G is over a trillion $ industry. Recently AT&T gave Ericsson a $14B contract! If only AmpliTech’s 5G division gets crumbs of this, or opportunities alike, certainly could take this to never seen heights.
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