I have invested in this for the second time.. Bought in low $6's. It ripped today. Given its proximity, as its HQ is in the Woodlands, I was just reaching out and opening dialogue if anyone has info on it/thoughts etc

I did sell 1000 shares on the rip, still own 5000. I probably don't sell anymore until over $10. My own price avg is $6.33 and current price is about $8.65. (Bought 3,500 in April and 2,500 on 6/11, before 1,000 sale today). My prior buys were Dec $6+ and sold in Feb $10+ for an excellent gain

Also if not in it, I think it is one to put on your radars and perform some DD

Nevermind

The only stock I own that has a basis below $10 is Apple. And I paid about $115@ for it.

Ok, don't know what chart that is, but isn't MIND Technology (MIND) So I am guessing no one is aware or knows about this company in Woodlands TX.

Some real weird replies here.

Frisco86 said:

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Ok, don't know what chart that is, but isn't MIND Technology (MIND) So I am guessing no one is aware or knows about this company in Woodlands TX.

Some real weird replies here.

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Ok, Warren Buffett. Tell me you've never looked at their chart without telling me you've never looked at their chart.

https://finance.yahoo.com/quote/MIND/

Well if I knew when the rips will occur I would own an island. I wasn't recommending the stock, although I still like it. It is small so you can put it on your watchlist as it has volatility.

But I reached out to see if anyone had personal info on it since it is in the Woodlands.

But I guess no one does.

Carry on.

I'm a fan of MNMD.


Texas just committed to mushroom research and development.

The chart is wild, if you look over the lifetime. Has hit 2,500 on a couple of occasions. But what's the business to pump it up to that? Did it go through a stock dilution somewhere along the way? Looks like a lottery ticket, IMO.

There's been at least 1 stock split.

Stock Splits
The last stock split was on October 16, 2023. It was a reverse split with a ratio of 0.1:1.
Last Split Date
Oct 16, 2023
Split Type
Reverse
Split Ratio
0.1:1

Scores
MIND Technology has an Altman Z-Score of 0.28 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
Altman Z-Score
0.28
Piotroski F-Score
6

insulator_king said:

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There's been at least 1 stock split.

Stock Splits
The last stock split was on October 16, 2023. It was a reverse split with a ratio of 0.1:1.
Last Split Date
Oct 16, 2023
Split Type
Reverse
Split Ratio
0.1:1

Scores
MIND Technology has an Altman Z-Score of 0.28 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
Altman Z-Score
0.28
Piotroski F-Score
6

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Well they aren't close to bankruptcy. Don't know how the scores were done but they are garbage and doesn't reflect the current company whatsoever.

The sold off un performing business last yr and basically paid off debt. Yes they apparently did the reverse stock split in 2023. Wasn't looking at it then. I just care about now.

They did have Preferred shares and the dividend set up was that all positive cash flow went to preferred shareholders. Was silly. Well no more. On Sept 4 2024 each preferred share received 3.9 shares of common. They were 9% cumulative. So now the company could retain cashflow to invest and looking at possible acquisitions.

There is no debt other than leases. $9.2M in cash and more when AR converts (exceeds payables).

They did have a loss in Q1 on less than $8M in sales although $5.5M in sales that were completed were pushed to Q2. Despite that cash flow grew $4.1M to $9.2M noted above.

From mgmt: the strength of our balance sheet has made MIND more resilient, financially flexible, and has opened the door for us to pursue value-enhancing, strategic opportunities as we strive for growth. Our focus continues to be on positioning MIND to achieve its full potential.

So what you are seeing is a repositioning of the company financially and in its equity makeup, It is turnaround with mostly blue skies ahead.

Do note the Q1 was down after a record Q4. But would have been much better with that $5.5M. But there are risks. It is tiny and doesn't take much in a qtr to alter results.

Mgmt also said: using our improved visibility to draw down our inventory balances. As a result, we believe MIND remains strategically positioned for growth, improved financial results and profitability in coming periods.

Yes it is talk till they can consistently execute.

So is my confidence a 10 it doubles. Nope. But it isn't going bankrupt as they have changed the capital structure significantly and massively strengthened the balance sheet. So whatever reports you are looking at are completely outdated.

Vacasa and countless others said the same thing. Sorry but if the market thought they were all blue skies and rainbows, they wouldn't be trading down 95%+ on a split Adjusted basis w a **** mltiple. Wall St likes to make money you know. They typicslly frown on capital destruction and this seems to be a Classic case.

Bayou City said:

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Vacasa and countless others said the same thing. Sorry but if the market thought they were all blue skies and rainbows, they wouldn't be trading down 95%+ on a split Adjusted basis w a **** mltiple. Wall St likes to make money you know. They typicslly frown on capital destruction and this seems to be a Classic case.

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I agree it was. But like I noted. The debt is gone. Capital restructured. Growth occurring and cashflow positive. No debt and cashflow increased.

I get looking in the mirror looks ugly. But looking forward shows positive momentum.

This change mostly occurred last yr. So it is fresh. I took advantage. Bought 4,000 shares Dec and made $10k selling in Feb as tariff news was starting to make headway. It moved price back down. So I began accumulating again in April and early June to tune of 6,000 shares. It popped into the 8's and I sold 1,000 shares, and I still own 5k at 6.33 while shares at 8.84 today or up 40%.

I am retired an did so 8 yrs ago at 54. I have my passive income at about $130k as I sit on probably too much cash but it is earning 4.1% (about), and is very liquid. Not a high risk or speculative guy per se.

I do need to see a few more qtrs if execution to determine a FV, but the change is real. It is a much stronger company now and if you read the entirety of my prior long reply, I think you can see that. Does it still have to execute. Hell ya. Q4 was a record, Q1 was poor but for the aforementioned reasons. Backlog over $30M. So Q2 is set up to be good. This will be the 3rd "report card" if you will since the changes. It should reinforce one way or the other. Will they execute or have excuse again.

But their balance sheet is far from any resemblance of a bankrupt company. Regarding your example, I doubt they were able to make the transitions MIND did as there were some things unique to MIND in their capital structure.

Again I never recommended this for anyone, I like it in the $6's and sell near $10, unless the report cards show improvement that mgmt is discussing. But they have to show me. Not a high conviction, but is currently a positive story despite what the years before 2024 say.

I am up $12.5k. Have realized about $12k profit this yr and if I sold the remaining shares it would be about $25k. This is from doing DD on the change. Could it revert back, maybe but not likely unless there is fraud involved, which I do t believe whatsoever.

For me I have moved into small caps in a larger way as I have increased my DD and found a couple people who successfully specialize in that arena for over 30 yrs

Winning trades: TSSI $2.22 to $18 add old along way but made $200k
ITMSF still own all 60,000 shares and am up 127% or $57k
GKPRF bought near .30 and sold at .62 recently. Only 18,000 shares. It is gaining traction and could go to over $1 next yr. May enter if it dips
DRSHF own 16,330 at .80. Just hit $1.74 today. Owned earlier in yr 20,000 shares at .58 and sold at 705 upon tariff news etc where I sold some winners for capital preservation as I am retired.

I do have a spec name CAPR. I expect approval in next couple months. Do some DD. It is just over $10. Own 4,000 shares.
SNES is another dealing with rodent (rats) and stops their fertility. Have had successful launches and could be at inflection point. Is small company though but has some patent protection. It popped like 28% today. I expect volatility. Not yet profitable. But TAM is quite large.

Point at the end is that I am not a novice just throwing out a name to invest in. In fact I was asking if anyone knew of it since it was in the Woodlands although manufacturing is in Singapore/Malaysia. I do own large caps for growth and dividends such as ABBV, PRU, own C from mid $50, WFC from $28 etc. Dold my SPG above $180.
Enough diarrhea of the keyboard. You don't have to like this one and I didn't present it as an idea to get into now, but it has been rewarding to me by getting in at that right price and I firmly believe that it has been derisked.

Gig'em

Only penny stock I've played was $NAK.


This thread made me check back in on it. 40% this month alone. Holding 100 shares of my initial 15000. Rolled it into a CRWV when NAK hit a dollar so I'm still happy.