LALC Capital

Free picks by email: by Ludovico Cordara

[LALC Capital @LALC_Capital]

Every microcap we picked this month, with the filed numbers behind each one, in one free PDF.

Sign up and it's yours: https://t.co/CQ9aHeN1Q5

[LALC Capital @LALC_Capital]

@Stocks_Stones system sales were always the lumpy part. royalties still growing in a soft quarter matters more to us

[LALC Capital @LALC_Capital]

Electromed ($ELMD) revenue by quarter. Each of the last four quarters beat the same quarter a year earlier, and the latest was $18.7M, up 10.6%.

Not investment advice.

[LALC Capital @LALC_Capital]

@iancassel the hard part is telling conviction apart from not wanting to admit the thesis broke

[LALC Capital @LALC_Capital]

The Form 4: https://t.co/F6qlCAJbqc

[LALC Capital @LALC_Capital]

Magnachip director Cristiano Amoruso bought 568K shares of $MX on the open market on 6 and 9 Nov, about $1.37M at $2.36 to $2.46. He also sold 378K at about $2.22 on 6 Nov to rebalance accounts, so net he added about 190K shares. Not a pre-set plan trade.

[LALC Capital @LALC_Capital]

The release: https://t.co/Cl4CdOhwF1

[LALC Capital @LALC_Capital]

Usio processed $2.73B of payments last quarter, up 25%, and grew revenue 12%. GAAP net income was about $0.2M against a $0.4M loss a year ago, the third profitable quarter in a row for $USIO.

[LALC Capital @LALC_Capital]

The release: https://t.co/kVnO9AqAc6

[LALC Capital @LALC_Capital]

Electromed grew revenue 10.6% to $18.7M and operating income 30.7% to $3.5M last quarter, its 16th straight quarter of year-over-year growth in both. It also bought back $4.3M of $ELMD stock and still has no debt.

[LALC Capital @LALC_Capital]

@numbtidumpti makes sense, that's a lot pointing one way. for us it's a guess until the board says something

[LALC Capital @LALC_Capital]

Agora's CEO bought about $83K of $API ADSs on Nov 2 and 3, all through a trading plan set up back in June.

How much does a plan buy tell you, next to a buy the insider decides on the day?

[LALC Capital @LALC_Capital]

The Form 4: https://t.co/ugigHxaqvR

[LALC Capital @LALC_Capital]

WW International President and CEO Stephen Bye bought about $138K of $WW on the open market today, 12,500 shares at about $11.01. Not a pre-set plan buy, so this one was his own call.

[LALC Capital @LALC_Capital]

The Form 4: https://t.co/4LbNBuAOEm

[LALC Capital @LALC_Capital]

Drilling Tools International CEO Wayne Prejean bought about $164K of $DTI on the open market yesterday, 100,000 shares at about $1.64. Not a pre-set plan buy, so this one was his own call.

[LALC Capital @LALC_Capital]

@HugoNavarroPer2 if the cheap bids come from indebted owners, how much of borr's own debt comes due before the middle east work is back?

[LALC Capital @LALC_Capital]

@Colosteve2000 haha happens. if they turn up we'd love a look

[LALC Capital @LALC_Capital]

@numbtidumpti interesting, what points you to a take-private?

[LALC Capital @LALC_Capital]

Strattec ($STRT) holds $111.8M of cash and no debt, about 45% of its market value. Last quarter it bought back 67,904 shares at an average $73.24; the stock closed at $61.96 on 6 Nov. It says it has an active acquisition funnel. Where does the cash go next, buybacks or a deal?

[LALC Capital @LALC_Capital]

Full write-up, with the quarterly table and the filings: https://t.co/6eOX86Gld4

[LALC Capital @LALC_Capital]

Strattec ($STRT) holds $111.8M of cash and no debt, about 45% of its market value. Last quarter it bought back 67,904 shares at an average $73.24; the stock closed at $61.96 on 6 Nov.

It says it has an active acquisition funnel. Where does the cash go next, buybacks or a deal?

[LALC Capital @LALC_Capital]

The risks: Q1 sales fell 3% to $147.2M and net income to $4.8M from $8.5M, including $2.4M of business development costs. GM, Ford and Stellantis were 64% of Q1 sales, and the Gabelli group holds about 19.7% of the shares.

Not investment advice.

[LALC Capital @LALC_Capital]

The numbers that carry it:

$45.7M of operating cash flow in the 12 months to 27 Sep, vs $7.0M of capex
Q1 gross margin 16.5%, up from 15.6% in Q4
$35.0M left under the buyback program
the CEO, a director and the CFO's spouse bought about $286K of stock in May at $61.37 to $62.71