ProgN said:
South Platte said:
ProgN said:
FTR, If POWL hits $105+ tomorrow, then I'll probably book profits because I still think the market is about to rollover. I posted yesterday I bot 1 AMD 3/1 $150 put and it's looking like its going to reward me. It's hard not to bank that type of one day ROI.
Not questioning you, but seriously? This thing could run over $100 tomorrow??
Yes, it's a microcap that prints money and they just smashed earnings expectations, raised their dividend (very little but still positive), and doubled their backlog. Pull up a one year chart and look what they did August 1st last year. It went from $60 to $90 the day after reporting earnings for a 50% ROI. I'm not expecting a 50% move tomorrow, but wouldn't complain if they did. I wouldn't think twice about selling it immediately.
To add onto this....
Had analyst avg estimate of $0.84 per share for this fiscal 1st quarter (they have a 9/30 year-end) and they dropped $1.98 per share. Analysist were looking for $5.09 for this fiscal year ending 9/30/2024, but with $1.98 in the bag after one quarter, this thing should run well past $100 in the morning IMO. Last quarter when they made $1.95 per share, the stock ran to a high of $97.63 a few weeks after reporting and then slid down to a 90 day low of around $77 a few days ago. Previous quarter results going back during 2023 were: $1.52, $0.72 & $0.10. They now have built backlog, supply chain issues are still a bit of thing in the electrical space with switch-gear and other components but that is getting better so hopefully they are hitting solid volumes of work with higher margins and overhead leverage.
Their trailing P/E was in the 17x range with recent pricing so if analyst and buyers estimate $7.00 per share for year ending 9/30/2024, that is $119/ share. Repeat what they just did for 3 more quarters 17x that is $135/ share but of course larger market forces could beat it down at any time.
This is is where I get too greedy sometimes and don't lock my profits.