Interesting June 23rd) Wrap Technologies (WRTC +1.7%) received +100 requests for BolaWrap demonstrations and training in May 2020 and additional 36 agencies have applied for grant assistance since the company's program debut on June 4. Tom Smith, president WRTC, said that "Prior to COVID-19, our distributors and internal sales team were performing over 100 demonstrations a month." With ease off in travel restrictions, the company expects in-person demonstrations to increase. Things must be easing more by now in Sept... That was end of June..
van we are geting sloppy Smith & Wesson is up 14% today you told me it was last weeks story! they report earnings in a few days they will be HUGE!! VAN! Darn It. Now is it too late!!! ->Smith and Wesson call volume above normal and directionally bullish 12:05 SWBI Bullish option flow detected in Smith and Wesson with 15,378 calls trading, 6x expected, and implied vol increasing over 19 points to 143.15%. Sep-20 22.5 calls and Sep-20 20 calls are the most active options, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 0.10. Earnings are expected on September 3rd.<-- 2 days!! Ayyyyyyyy & I'm not on a gummy just missing!!! I've gone blind!!! Stock BVlind HELP!!!! SWBI Smith & Wesson Brands $20.88 +2.58(+14.10%) UP 14% on a Downgrade! Smith & Wesson Brands price target lowered to $25 from $28 at Lake Street »
It certainly has that SSTI flavor to it, I'll give ya that. Pretty decent volume spike on 8/25. Lots of Sept $10 calls traded today. Hardly any puts. If it gets some fresh press it could move nicely. They'll have to sell a lot of those things to justify that stock price though.
I hear you my wife says just keep it simple UTZ- Plenty of upside for Utz seen by analyst Photo: Utz Brands 08.31.2020 By Josh Sosland NEW YORK — Just after being listed as a publicly traded company, Utz Brands Inc. has scored an outperform rating from Robert Moskow of Credit Suisse. Initiating coverage of Utz, Mr. Moskow identified numerous paths to growth for the Hanover, Pa.-based maker of salty snacks. With $900 million in sales, Utz is the fourth largest salty snacks company in the United States and has been growing at a compound annual growth rate of 8% for 20 years, Mr. Moskow said. “Utz is now poised to enter a new chapter of expansion and productivity through recapitalization and reinvestment,” Mr. Moskow said. “We expect the involvement of Collier Creek board members (and ex-Pinnacle Foods executives) will add rigor and process to what was already a well-run, family-controlled operation. These executives can help Utz pick the low-hanging fruit on the cost side, boost efficiency, and reinvest in marketing and channel development. We also see opportunity to add value through M&A, where Utz already has good track record and the industry is ripe for further consolidation.” On Aug. 28, Utz Quality Foods and Collier Creek Holdings announced the completion of a business combination to form Utz Brands, Inc. and to trade under the ticker symbol UTZ on the New York Stock Exchange. Utz’s portfolio of brands includes Utz, Zapp’s, Golden Flake, Good Health and Boulder Canyon. For 2020, Mr. Moskow is forecasting Utz EBITDA at $130 million, up 20% from 2019; sales of $931.3 million, up 8%. The sales growth forecast is fairly modest given that the company’s business grew 11% in the first half of the year. Sales were boosted by the pandemic, and Utz gained market share. “Utz has expanded the business over the past decade through a series of acquisitions, adding manufacturing capacity, brands, distribution reach, and scale,” he said. “Yet the firm remains under-penetrated in important markets, channels, and sub-categories, with its top four brands present in only 54% of retail stores nationwide. In parts of the US that account for nearly 70% of salty snacks sales, such as Texas, the Midwest, and California, Utz has only 2% share. Similarly, in convenience and mass channels, its LSD% share compares to MSD% in food and club. Finally, its brands are under-represented in the fast-growing tortilla, popcorn, protein, and veggie-based snacks. We estimate these share gain opportunities could represent $500 million to $1 billion in potential retail sales for Utz.” With annual sales growth of more than 4% over the past 10 years, the salty snacks category is attractive, Mr. Moskow said. The growth rate is more than double the overall packaged foods business. He described Utz’s brands as “iconic with strong positions.” While the fourth largest company nationally, Utz ranks second in its core Northeast and mid-Atlantic geographies, with a 7% marketing share. The flagship Utz brand accounts for about 60% of total sales. Management is expected to boost advertising spending to about 3% to 4% of sales, up from 1% in 2019, Mr. Moskow said. Additionally, Utz has targeted cost savings from $50 million of cost of goods productivity from procurement and robotics, optimizing its manufacturing footprint, cutting stock- keeping units and other steps. “In addition, management expects investments in digital capabilities to lead to improved price-pack architecture, trade spending optimization, and portfolio mix, which can yield 50 to 60 basis points of annual margin gains,” Mr. Moskow said. Because the company currently was operating at only 69% of manufacturing capacity utilization in 2019, increased sales is another promising way for Utz to lift margins. Over time, Utz is targeting EBITDA margins in the mid-teens, an objective Mr. Moskow believes is achievable and some. “We think the margin target will prove conservative because it doesn’t appear to take into account the additional 160 basis points of potential upside from price-pack architecture, trade spending optimization, and portfolio mix,” he said. “We are forecasting high-teens percentage EBITDA margin by 2022, similar to what Campbell’s achieved with Snyder’s-Lance, up from mid-teens to high-teens EBITDA margin since the acquisition in 2018.” Credit Suisse has a 12-month price target for Utz of $19 per share, up from a recent close of $16.34. Offering a handful of risks to Utz’s prospects, Mr. Moskow suggested the company’s success could draw increased attention from industry leader Frito-Lay, Inc. Other potential causes for stumbles include the culture shock from becoming a publicly traded company, failure to generate productivity savings, unsuccessful advertising and difficulty executing acquisitions. Proceeds from the Collier-Utz transaction were used to reduce Utz debt. The Rice and Lissette family, the founding family and principal owners of Utz, retained more than 90% of their holdings, accounting for a majority of Utz Brands ownership following the transaction. Dylan Lissette, chief executive officer of Utz since 2013, will continue to head the business together with current management. “The completion of our business combination with Collier Creek and the initiation of Utz as a public company, marks a significant milestone and will fuel our next century of growth after nearly 100 years as a family-owned business,” Mr. Lissette said. “We have spent the last 10 years building Utz into a national brand and platform through rapid geographic and brand portfolio expansion driven by strategic acquisitions and organic growth. Our partnership with Roger and the Collier Creek team positions us to further accelerate our growth as a public company and achieve our goal of being the fastest-growing, pure-play branded snack company of scale.” BusinessCorporate StrategySnacksUtz
Wrap Technologies' BolaWrap 100 Holds Promise as a Restraint Device for Police With these shares, view this as a moderately aggressive to aggressive long side position. Real Money Did a piece Aug 26 the stk was $9.15 By TIMOTHY COLLINS Aug 26, 2020 | 01:59 PM EDT Stocks quotes in this article: WRTC With each growing tragic police-related death, we're going to see continued calls for policy change. For a while, some believed Taser may be that answer, but situations still require heightened escalation to reach the point of an officer using their Taser. In some cases, the escalation is so swift from verbal to force that it accelerates through that level of force to deadly force. The market is screaming for an alternative and I believe one exists in the form of the BolaWrap 100 from Wrap Technologies (WRTC) . The BolaWrap 100 is a patented, handheld remote restraint device that discharges an eight-foot bola style Kevlar tether to restrains an individual at a distance of 10 to 25 feet. A graphic from the company's site gives you an idea of what the device looks like and does. The goal here is to immobilize an individual without doing physical harm. It measures well below the potential physical damage, and even death, that can result from firearms, Tasers, and rubber bullets. It is the solution between verbal commands and tools that inflict high levels of pain. Before getting too excited, investors need to realize this is a very young company despite the $325 million market cap. Revenues last quarter came in at $823,000, however, with $46 million cash on the balance sheet, no debt, and a $1.5 million backlog, there's little concern for its viability over the next few years as it's burn rate sits under $1 million per month. Currently, the product has been deployed in 29 countries and the company is beginning to see orders increase as more training agencies and officers become certified in use of the product. The potential market is huge with over 12 million global police officers. That list increases dramatically if we add the potential for private security workers, the military, and even schools. No, I don't expect teachers to carry these, but they could have a place with the increasing need for protection in schools. The stock experienced a huge surge between June and mid-July sending shares from the $5 area to almost $15. We've retraced nearly half of the move, but the recent downtrend appears to be ending. Yesterday, we pushed through the resistance level of the falling wedge. Today, bulls were rejected at the 21-day simple moving average (SMA), but I believe we'll find support around the eight-day SMA or 10-day SMA. That should lead to another test of the 21-day. I lean towards the thesis buyers will take the stock to the 50-day SMA on the next push higher. Secondary indicators are turning higher from their oversold readings. We have a bullish crossover in the Full Stochastics and MACD indicators. Additionally, the parabolic stop-and-reverse has turn bullish as well. I would place my stop on a close under $7.50 and wrap up some shares with a view that this is a moderately aggressive to aggressive long side position. << You know what I'm in good company >> I don't really understand the target-? It looks like the 50 day is $10.30 // $9.52- $9.58... Van ?
OK here's the plan 793K vol now average vol 835K ok we know how these algo's work. The stk won't be trending above volume until it is.. but we know... I can time my purchase as it crosses over 835K... Does absolutely anybody on Elite Trader agree with this plan of action?