Biden administration will make all EV stocks blastoff. Tax breaks and EV battery stations can only be bullish in 2021.
rjmiyake
Posts
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Cup and handle forming for a big breakout
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Bottom is in. RSI up
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CEO just bot 100,000 shares
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Gold and Silver are moving as a sector like in June
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This is from the CEO in the earnings PR on 5/14/19:
"The telecommunications segment reported sales of $8.7 million, which is an increase of 24% as compared to second quarter of 2018 and 27% compared to the first quarter of 2019. This was driven by strong sales momentum at both Nave Communications and Triton Datacom. Most notably, Nave increased revenue by 39% as compared to the first quarter of 2019. A milestone was reached in the telecommunications segment this quarter by reporting positive EBITDA of $0.3 million, a vast improvement over previous quarters, which further solidifies our growth strategy and demonstrates the success of the operational improvements in the telecommunications segment," Mr. Hart continued.
The drag last quarter was the new Fulton acquisition with a $1.1M operating loss. But they were upbeat on the last conference call about Fulton. The PR last week confirmed that optimism, saying Fulton already turned profitable in April. That's why the stock jumped last Thursday. Just a small preview of what's to come here. From the PR on 5/30/19:
Joe Hart, President and CEO of the Company, stated, "The sale of the Cable TV segment is a milestone for ADDvantage, which will allow us to focus our capital and resources on our expansion strategy in the Wireless Infrastructure Services and Telco segments. The transaction also provides us with an infusion of cash to allow us to capitalize on the major growth opportunities in the industry, as wireless and fiber networks continue to expand. We believe that the recent positive results of our Telco segment, led by Nave Communications, demonstrate the success of the Company's new strategy shift. Triton Datacom is nearing the completion of its new facility in Pembroke Park, FL, which will provide additional space for expansion and process improvements. We are also excited about the revenue and profitability growth at Fulton Technologies, which has now moved beyond its integration period and is on track to contribute positive results in our fiscal third quarter, as evidenced by its profitable April results. ADDvantage Technologies is now entering a new chapter, and we are delighted that 76% of our shareholders participated in this shareholder vote with 99% of those voting in favor of the proposed sale of the Cable TV segment."
Unlike in recent years, this new management team is executing beautifully so far. AEY going to post big revenue increases for the next several quarters, and start posting positive earnings vs. year ago losses. Plus we now have a 5G kicker with Fulton. Few people know about the turnaround underway here. This low floater has limited downside considering they just sold their Cable biz for $10.3M...along with multi-bagger upside potential as the remaining Telco & Wireless Infrastructure segments continue their rapid growth. A very favorable risk/reward situation imo.
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