COMMENTS REGARDING GROUNDHOG DAY POSTFirst and most important, great NR this morning. Always nice to see a Pyro strategy paying off.
Regarding the Groundhog Day post. Don't agree with it. Not at all.
Long investors don't repeat the same thing over and over. There has been so much new information from Pyro in the last two years, at least, that repetition just doesn't happen. Commenting positively on new contracts, great pipeline, great clients, receipt of large receivable yesterday is not repetitive. What more can I see. Seems obvious.
I've never indicated that the financials should be ignored. Review my previous posts. Just because I provide context to them does not mean I ignore them. Seems obvious.
Pyro is executing on its strategy very well. As has been mentioned before: capital intensive business, slow sales process etc. But, the improvement from five years ago in Pyro's business is obvious. The fact Pyro has minimal debt given all the circumstances is astonishing. Just one specific comment here: the accounts receivable for Q4 will be significantly reduced by today's payment of $2,800,000.00
I would need more detail from GrahamB before I could comment on his statement that Pyro can't turn a profit. Makes no sense to me. He fails to acknowledge that revenue lags expenses. I've reviewed this before in previous posts. Pyro can't just tell clients to buy our torches because they'll work for you. Proof is required and that takes time and money. Revenue, lots of revenue will start to come in. I'm convinced of that. And that's where profit will be shown.
The AMF problem is not the huge problem that bashers make it. This has been reviewed a number of times in previous posts. Pyro is not being accused of fraud (completely false statement by GrahamB) and any fine or penalty has been capped at a smal amount. The facts matter here and they are not what the bashers say they are. If you're going to rely on facts, make sure you have all the facts and understand them,
Lastly, I still don't understand these guys who post all the time ... Ah forget it. It's irrelevant. They just don't care about their credibility. Why bother to respond to every little comment?
Staying long and stronger than ever.