I have no idea what to expect of that call. I hope one of the analysts just asks him about the guidance he gave in that video of doubling by next year and doubling again the year after. But materially on the balance sheet this Q what kind of beat can they show that will move the needle much from 1.50's? I dunno.

Do you still like Dillard's?

looks like everyone's come to the same consensus on NTS here. Nobody really wants to buy and nobody really wants to sell. Guess we wait for the results and that's that.

pretty sure you know this but results not that important themselves, commentary is. First set of results with real chinese shipments arent expected until march quarter is reported, in late may.

But positive commentary on signing that last stage development contract or indian tax stamps are equally as good

sure, whole space feeling pain now though. Theyll have to close stores like everyone else but will survive and ultimately privatize.

Gonna see a sharp drop in NTS it seems: https://ca.finance.yahoo.com/news/na...210100319.html

I suppose they can give some guidance to help prevent it, but I wouldn't be that surprised to see this go under $1.30 now. They've got what, maybe 3 quarters of cash? Management's gonna get grilled on the delays for production with China.

Anyway serves me right for not trimming. Hopefully Doug's got an ace up his sleeve on the call.

call: http://public.viavid.com/index.php?id=122266

guidance:

-some new revenue in 1st and 2nd Q's 2017 in bank notes
-tax stamps being looked at but would be late 2017 at best and probably 2018
-still planning to double revenue in 2017
-progress towards cash flow positive
-signed a collab agreement with Chinese manufacturer (we knew this)
-been making samples for pharmaceuticals and cosmetics (early stages)
-full opportunity for China would be 1M$ a month at full capacity
-opportunity in development work in optical
-2018-2019 most likely to see another bank note opportunity given the lead time required
-penetration into a bank note should lead to additional opportunities with the same country
-opportunities should be 5 years long with these customers
-They're 1 week from end of Q1 at time of call, and they haven't delivered yet to China. So Q1 2017 and Q4 2016 = flat. Q2 is the better shot at growth
-tax stamp opportunity is multi-application in India. Tobacco, alcohol and 2 other applications are being looked at
-in discussions with several wide scale ticket events. Would be summer 2017 if it works (still lumpy revenue and not big $)
-slightly less $ per 1000 on tax stamps than bank notes, but close. Significant profit margins.

Might be good enough to keep people from selling

I think it was fine, maybe a little disappointing bascially said there would be some small new contracts announced in next little bit. Those sound signed and just waiting on being able to press release it.

We knew china hadnt started shipping yet from comments at recent conferences from Doug. But the indian tax stamp contract sounds closer to completion than I expected and would be massive, like close to 20mm a year in revenue massive at high margin.

Honestly if stocks dips for a bit not a big deal, but they do need to get some good announcements out in next 2 months to ensure those warrants are in the money. That extra 3mm that those warrants bring in should hopefully be all the comfort money they need until they are cash flow positive.

Wow I guess the guidance did indeed do it. Dropped at the open and furiously bought up.

Stocks Ahnuld likes part III?

NTS.V move down strikes me as an opportunity. Bit disappointed I didn't take a few gains earlier, but we've seen this dance before.

Im gonna close this down and post the returns for the year soon. If any important info comes out on Nano or some of the other companies ill try to update people in the value investing thread.

Pretty crummy year, buying and holding the 10 names for the year in equal proportion returned 4.9%, worse than SP500 and TSX. My PA actually did very well this year but for some reason the ideas I had most faith in didnt perform. Demonstrates why you run a portfolio of more than 10 names, because you never know quite where you are wrong until after the fact. That, and my highest returner of the year (+330%) was a position I only put on in June.

Best names were the two pieces of distressed debt which both got back to par. Worst name was Newalta which was the only oil service company in the world to not rebound. From what I hear the CEO has lost the room. Still, just given the massive pick up in activity level in Canada I would continue to hold until they report Q1 earnings in May, and if they dont show improvement by then, bail. Still own the rest except for STRZA (takeout), the debt pieces (called, sold) and NICK (switched into CACC but I like them both).

Other names ive bought recently mentioned in BFI are ODP (rallied already but still more room), IT:TSX, and NVTR (small position, still early days).

Hope this was helpful