PDEX - My Largest Position - Page 12 - Business, Finances and Investing Forum

I thought their R&D was just working with other companies on projects together? The time their engineers spend with the clients on the design process (unsure how the billing or agreements work, perhaps with smaller device manufacturers and not the bigger companies that contract them out?) and as a result retain some of the property rights?
Correct me if I'm wrong, but they can't just put $ into R & D, they need their current clients to come to them with work to do such a thing?

I know they speak about developing products with/for clients, but I'm sure they develop products on their own as well. Fairly sure I've seen something recently about working on new "Pro-Dex branded" products, which presumably they would be developing without collaboration from customer (maybe this was in the presentation, or the RVK interview?)

Quote

09-19-2017 , 02:01 PM

#277

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Quote:

Originally Posted by bigt2k4

In the investor presentation they talk about developing their own products and technology to bring directly to market rather than relying solely on these contracts. This is higher risk but infinite upside where as the contracts are more low risk, capped upside.

Quote

10-20-2017 , 03:04 AM

#278

FloppinPairs

adept

Join Date: May 2008 Posts: 904

Proxy materials filed yesterday, there is a note at the start from Van Kirk. It again mentions new Pro Dex branded product expected to be complete in fiscal 18, with "features the market has not seen before"

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11-02-2017 , 12:49 PM

#279

iDntPlayPkr

centurion

Join Date: Nov 2014 Posts: 147

Any updated opinions on this?

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11-03-2017 , 10:47 AM

#280

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

Still probably a strong buy, they seem to be investing heavily in some sort of potentially very lucrative device that increases the risk of the investment. Could result in heavy returns and great price appreciation or a step or two backwards and stagnation for a while. Current core business is still very strong and the market doesn't reflect that well enough in my opinion.

Quote

11-05-2017 , 06:19 PM

#281

BooLoo

adept

Join Date: Oct 2013 Posts: 943

so...... are we expecting earnings this week?

Quote

11-05-2017 , 11:36 PM

#282

AllinPoker

journeyman

Join Date: Nov 2012 Posts: 377

Quote:

Originally Posted by BooLoo

so...... are we expecting earnings this week?

I believe so. Most likely Thursday, Nov 9?

Quote

11-06-2017 , 10:52 AM

#283

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Quote:

Originally Posted by AllinPoker

I believe so. Most likely Thursday, Nov 9?

that would be my guess

Quote

11-06-2017 , 01:28 PM

#284

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

Is it normal for companies to go 2 months between 10-K to 10-Q and 4 months between 10-Q and 10-K releases?

Quote

11-06-2017 , 03:44 PM

#285

sierramist

newbie

Join Date: Feb 2012 Posts: 27

Quote:

Originally Posted by bigt2k4

Is it normal for companies to go 2 months between 10-K to 10-Q and 4 months between 10-Q and 10-K releases?

Yes, you get extra time to file a 10-K.

Quote

11-06-2017 , 03:49 PM

#286

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

Quote:

Originally Posted by sierramist

Yes, you get extra time to file a 10-K.

I figured it could be delayed because it is more extensive, just wondering if it is standard.

Quote

11-08-2017 , 05:43 PM

#287

Malachii

Pooh-Bah

Join Date: Feb 2005 Posts: 4,072

I think it's pretty standard. A 10-K requires a full audit of the company's books from an outside CPA firm before it can be released, a 10-Q just requires a quarterly review, which is a much lesser standard.

Quote

11-09-2017 , 05:33 PM

#288

BooLoo

adept

Join Date: Oct 2013 Posts: 943

sooooo... basically... 2+2 is creditor to a new york hotel now?

i have no idea what to make of this...

Last edited by BooLoo; 11-09-2017 at 05:41 PM.

Quote

11-09-2017 , 06:12 PM

#289

CBorders

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 16,505

It's like a B&B, the #2 hotel in NYC on TripAdvisor. 22% interest, 18-20% fee in the event of prepayment, 10% warrant on the equity held: https://www.sec.gov/Archives/edgar/d...dex_ex10z1.htm

Quote

11-09-2017 , 06:37 PM

#290

BooLoo

adept

Join Date: Oct 2013 Posts: 943

yeah, i looked at all that. just think it's an odd investment for a med-tech company.

more interested in why ray would want half the deal going through pdex. and isn't 22% kind of high for that kind of loan?

Quote

11-09-2017 , 06:57 PM

#291

bigt2k4

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 15,296

22% seems super high, I'm confused

Quote

11-09-2017 , 07:10 PM

#292

AllinPoker

journeyman

Join Date: Nov 2012 Posts: 377

Quote:

Originally Posted by BooLoo

allocating capital at 22% interest seems smart to me

Quote

11-09-2017 , 07:17 PM

#293

BooLoo

adept

Join Date: Oct 2013 Posts: 943

not really arguing pdex' standpoint here. that's smart investment if everything goes as planned.

but why would the hotel take a 22% loan?
given the tripadvisor rating it seems to be a good business.
if they need 2,3mil for a year and everything is fine, why not get it from a bank for better conditions? why get it from a minnesota-based investment company for 22%?

Quote

11-09-2017 , 08:18 PM

#294

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,811

I have a similar thought to all of you. Definitely seems strange. 22% is obviously a great investment. Still just feels weird.

Quote

11-09-2017 , 09:31 PM

#295

AllinPoker

journeyman

Join Date: Nov 2012 Posts: 377

Quote:

Originally Posted by BooLoo

It's a bridge loan. Not meant for long term financing. Probably done quickly. I'm guessing next round of financing will be done through a bank for long term financing. But banks take time and sometimes got to sweeten up the loan for short term financing as a small business

Quote

11-10-2017 , 01:11 AM

#296

BCI23

grinder

Join Date: Jun 2008 Posts: 569

Decent numbers tonight, about what i expected. Rev was maybe a little light but i expect most quarters to be in this $5.1-$5.6m range for the next few quarters. $1m of EBITDA per quarter looks be to about the runrate, maybe dipping a little for increased R&D expense going forward. Company is flush with cash now with $8m+ of cash/investments, zero debt.

Quote

11-10-2017 , 08:13 PM

#297

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,811

Seems like its going to stay flat at these numbers even though it also seems like it should be higher.

Quote

12-11-2017 , 11:45 AM

#298

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Are you guys still loving the story?
I swung trade this earlier in the year for a little while just because of this thread.
I'm liking the reset we're doing technically and looking to re-enter....water still good?

Quote

12-11-2017 , 03:36 PM

#299

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,811

Quote:

Originally Posted by Duffman08

I think the thesis that sees this at 9.50-11.50 still applies. Unfortunately it doesn't seem like the market agrees at these numbers. Its been pretty stagnant off two financial reports that should have seen it go up from the 7s. I was considering reducing my position because I've been over-invested for years but this is my fun money anyways and I don't have anything better to gamble on at the moment.

Quote

12-11-2017 , 10:10 PM

#300

calmasahinducow

old hand

Join Date: Jan 2005 Posts: 1,807

Check out the 8-K filed a few days ago with exec incentives for stock prices. I think it's still a great buy but yeah, market reaction, especially in this market, has been disappointing. What this stock needs is a hype Seeking Alpha write up.

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