Norsat International

NII-T

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This company is not ACTIVE.

Analysis and Opinions about NII-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 16, 2017

This is in the middle of a takeover. There is a Chinese and an American company that want to buy it. It is more of who is going to win, as opposed to whether it is a good or bad company. There are also politics involved.

This is in the middle of a takeover. There is a Chinese and an American company that want to buy it. It is more of who is going to win, as opposed to whether it is a good or bad company. There are also politics involved.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$14.950
Owned
Unknown
COMMENT
COMMENT
June 28, 2016

His plan was that when they had a consolidation he would Buy back in. However, it is a stock that hardly ever trades and it is very difficult to buy and sell. Good management. Thinks it can go higher.

His plan was that when they had a consolidation he would Buy back in. However, it is a stock that hardly ever trades and it is very difficult to buy and sell. Good management. Thinks it can go higher.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$8.900
Owned
No
COMMENT
COMMENT
March 1, 2016

Last earnings were quite good. Sold his holdings at $5.50. Has tremendous confidence in management, but the company just can’t seem to gain a lot of traction. Also, they are looking to do a takeover. The one major problem with this company is that it doesn’t trade. The average volume in a day might be a couple of thousand.

Last earnings were quite good. Sold his holdings at $5.50. Has tremendous confidence in management, but the company just can’t seem to gain a lot of traction. Also, they are looking to do a takeover. The one major problem with this company is that it doesn’t trade. The average volume in a day might be a couple of thousand.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.080
Owned
No
COMMENT
COMMENT
July 17, 2015

Decided to do a stock consolidation last January, so he sold his holdings. He likes the company and he likes the management, but historically stocks that consolidate, 90% of them are down a year later. It would not surprise him to see this down by the end of the year.

Decided to do a stock consolidation last January, so he sold his holdings. He likes the company and he likes the management, but historically stocks that consolidate, 90% of them are down a year later. It would not surprise him to see this down by the end of the year.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.440
Owned
No
COMMENT
COMMENT
December 23, 2014

One of the few stocks that is down in value in his portfolio. Has been sitting in his portfolio since 2007. His target price is $1.14, although he thinks it can go further than that. The most recent quarterly results had revenues down about 10%. On the bottom line they made $.02 a share. They are having difficulty because of sequestration in the US, so there are fewer orders for their satellite systems. Management is controlling expenses and are paying down debt.

One of the few stocks that is down in value in his portfolio. Has been sitting in his portfolio since 2007. His target price is $1.14, although he thinks it can go further than that. The most recent quarterly results had revenues down about 10%. On the bottom line they made $.02 a share. They are having difficulty because of sequestration in the US, so there are fewer orders for their satellite systems. Management is controlling expenses and are paying down debt.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.490
Owned
Yes
BUY
BUY
November 17, 2014

Just reported reasonable results. CEO continues to turn it around. They are cash flow positive for the first time in 4 years. He continues to have it as a buy.

Just reported reasonable results. CEO continues to turn it around. They are cash flow positive for the first time in 4 years. He continues to have it as a buy.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.560
Owned
Yes
HOLD
HOLD
February 18, 2014

Just signed a $1.5 million contract with the Canadian government. Not huge for most companies. This stock has been doing lots of nothing for a long period of time. They are paying down their debt from the Sinclair debt. Financial papers are pretty good.

Just signed a $1.5 million contract with the Canadian government. Not huge for most companies. This stock has been doing lots of nothing for a long period of time. They are paying down their debt from the Sinclair debt. Financial papers are pretty good.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
Yes
BUY
BUY
January 8, 2014

One of the 5 companies that went down in value in his portfolio. Doubled down in Dec/12. Making a bit of money. Had a lot of problems as the US government was buying less. His average price for this has been $0.56. Happy to hold it and is keeping it on his Buy list. Management is very capable. Just a matter of time before the company starts to turn around. Target price of over $1.

One of the 5 companies that went down in value in his portfolio. Doubled down in Dec/12. Making a bit of money. Had a lot of problems as the US government was buying less. His average price for this has been $0.56. Happy to hold it and is keeping it on his Buy list. Management is very capable. Just a matter of time before the company starts to turn around. Target price of over $1.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
Yes
HOLD
HOLD
November 11, 2013

On his buy list. He doubled down last December. Most recently quarterly earnings were down 20% but they managed to remain profitable. Very well managed but they need the government to buy more satellites. He is going to stick with it. If it starts to move hopefully it will start to really move.

On his buy list. He doubled down last December. Most recently quarterly earnings were down 20% but they managed to remain profitable. Very well managed but they need the government to buy more satellites. He is going to stick with it. If it starts to move hopefully it will start to really move.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.490
Owned
Yes
HOLD
HOLD
August 12, 2013

Doubled down on his holdings at the end of last year at $0.46. Company’s recent revenues were down, which is not a good indicator. At the same time, a lot of that is because of frustrations in the US. Even though revenues were down, they still managed to be profitable. Recently did a very, very small takeover. It is on his Buy list.

Doubled down on his holdings at the end of last year at $0.46. Company’s recent revenues were down, which is not a good indicator. At the same time, a lot of that is because of frustrations in the US. Even though revenues were down, they still managed to be profitable. Recently did a very, very small takeover. It is on his Buy list.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.440
Owned
Yes
COMMENT
COMMENT
June 28, 2013

His initial Buy was $0.65 and a second Buy was about $0.46. The trouble with the US is sequestering which is causing a lot of difficulties for companies like this in the satellite field.

His initial Buy was $0.65 and a second Buy was about $0.46. The trouble with the US is sequestering which is causing a lot of difficulties for companies like this in the satellite field.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
Yes
COMMENT
COMMENT
April 17, 2013

Owned this one for years and has been wrong about it for many years. One of the few companies in his portfolio that is down. Just announced a small takeover. Thinks they are on the right path.

Owned this one for years and has been wrong about it for many years. One of the few companies in his portfolio that is down. Just announced a small takeover. Thinks they are on the right path.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.500
Owned
Yes
BUY
BUY
August 16, 2012

Just reported and revenues went up by 20%, which was huge, especially in these times. The bottom line though was just about breakeven. Seem to be moving in the right direction. Have some cash now. It may be possible that they do a small acquisition. Feels it could do a quick quadruple from this point.

Just reported and revenues went up by 20%, which was huge, especially in these times. The bottom line though was just about breakeven. Seem to be moving in the right direction. Have some cash now. It may be possible that they do a small acquisition. Feels it could do a quick quadruple from this point.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.400
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 16, 2012
(A Top Pick March 2/11. Down 37.04%.) Acquired another company about a year ago which doubled the size of the company. Good management. Moving in the right direction. Still a Buy.
(A Top Pick March 2/11. Down 37.04%.) Acquired another company about a year ago which doubled the size of the company. Good management. Moving in the right direction. Still a Buy.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
Yes
BUY
BUY
January 17, 2012
The takeover of St. Clair has had to be digested and has created some problems to some degree. Longer term, it is going to do well. Corporate side has just about doubled in revenues. He has a target price of about 3 times its current price.
The takeover of St. Clair has had to be digested and has created some problems to some degree. Longer term, it is going to do well. Corporate side has just about doubled in revenues. He has a target price of about 3 times its current price.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
Yes
BUY
BUY
December 6, 2011
Continues to have it on the buy list. Change company when they bought Sinclair. New board member could be good for the board. When it moves it could move quickly and he expects it to happen quickly.
Continues to have it on the buy list. Change company when they bought Sinclair. New board member could be good for the board. When it moves it could move quickly and he expects it to happen quickly.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.465
Owned
Yes
DON'T BUY
DON'T BUY
October 4, 2011
When they did their takeover, it doubled the size of the company. After something like that happens, there is a certain amount of rationalization that takes place. In this case it is the amortization of some of the Sinclair properties. When that happens, it means they are going to have bad, negative income going forward.
When they did their takeover, it doubled the size of the company. After something like that happens, there is a certain amount of rationalization that takes place. In this case it is the amortization of some of the Sinclair properties. When that happens, it means they are going to have bad, negative income going forward.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.520
Owned
Yes
BUY
BUY
July 15, 2011
Has had this for a few years. Acquired St. Clair. There will be write-offs (non-cash) and there could be some red ink. He likes the management. It’s on his buy list and this is an excellent entry point but you have to be patient.
Has had this for a few years. Acquired St. Clair. There will be write-offs (non-cash) and there could be some red ink. He likes the management. It’s on his buy list and this is an excellent entry point but you have to be patient.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 25, 2011
(A Top Pick April 5/10. Up 1.43%.) Satellite company. Bought this in 2007 and had hoped for a better return. Positive bottom line and revenues have grown. Recently acquired another company, which will double their size and it wouldn’t surprise him if they have some write-downs in the next3 -6 months. He still sees upside for it.
(A Top Pick April 5/10. Up 1.43%.) Satellite company. Bought this in 2007 and had hoped for a better return. Positive bottom line and revenues have grown. Recently acquired another company, which will double their size and it wouldn’t surprise him if they have some write-downs in the next3 -6 months. He still sees upside for it.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.710
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 1, 2011
(A Top Pick April 5/10. No change.) Satellite manufacturer. Just acquired Sinclair Technologies, which has almost doubled the size. Hopefully they will grow because of economies of scale. Target price of $1.84.
(A Top Pick April 5/10. No change.) Satellite manufacturer. Just acquired Sinclair Technologies, which has almost doubled the size. Hopefully they will grow because of economies of scale. Target price of $1.84.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.730
Owned
Yes
TOP PICK
TOP PICK
March 2, 2011
(Top Pick Apr 5/10, Up 15.71%) Satellites. Management seems to think acquisition will be immediately accretive. Likes the management. Revenues were increasing, cutting the debt. There is not a lot of conflict in products. It will come on a lot of other analyst’s radar screens.
(Top Pick Apr 5/10, Up 15.71%) Satellites. Management seems to think acquisition will be immediately accretive. Likes the management. Revenues were increasing, cutting the debt. There is not a lot of conflict in products. It will come on a lot of other analyst’s radar screens.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.810
Owned
Yes
BUY
BUY
January 4, 2011
Reporting profits, managing balance sheet well. Has not been recognized. At some point he thinks it will be recognized. Often stocks don’t do anything for a number of years and then they just take off.
Reporting profits, managing balance sheet well. Has not been recognized. At some point he thinks it will be recognized. Often stocks don’t do anything for a number of years and then they just take off.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 17, 2010
(Top Pick Aug 7/09, Down 32%) Excellent revenues, they are making money. It seems hardly anyone cares about this stock. Likes management, cash has increased. It looks good. Strong balance sheet.
(Top Pick Aug 7/09, Down 32%) Excellent revenues, they are making money. It seems hardly anyone cares about this stock. Likes management, cash has increased. It looks good. Strong balance sheet.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.610
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 13, 2010
(Top Pick Aug 7/09, Down 31%) Mystery to him. Cash flow is negative. Limited cash in the bank. They are moving in the right direction. They have been profitable for quite a while.
(Top Pick Aug 7/09, Down 31%) Mystery to him. Cash flow is negative. Limited cash in the bank. They are moving in the right direction. They have been profitable for quite a while.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.610
Owned
Yes
TOP PICK
TOP PICK
April 5, 2010
They have been doing everything right. Record income. Revenues went up during recession. They are buying back shares. Moved into new market places. They only thing is that market has not responded. Good balance sheet. Market is not responding possibly due to checkered past. At some point the market will recognize them.
They have been doing everything right. Record income. Revenues went up during recession. They are buying back shares. Moved into new market places. They only thing is that market has not responded. Good balance sheet. Market is not responding possibly due to checkered past. At some point the market will recognize them.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.700
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 3, 2010
(Top Pick Apr 1/09, Down 17%) He had wanted a stock that would ‘stay in the game’. It has no debt with growing revenues and excellent management. They grew revenues very nicely. Has no idea why the stock not higher. At some point the market will wake up to this company. Be patient – 3 or 4 years to get to his target price.
(Top Pick Apr 1/09, Down 17%) He had wanted a stock that would ‘stay in the game’. It has no debt with growing revenues and excellent management. They grew revenues very nicely. Has no idea why the stock not higher. At some point the market will wake up to this company. Be patient – 3 or 4 years to get to his target price.
Ben Stadelmann
Vice President, Contra the Heard
Price
$0.700
Owned
Yes
TOP PICK
TOP PICK
August 7, 2009
Keeps going from improvement to improvement. Revenues have gone up year over year and making money quarter over quarter, although not a lot. Making inroads into new markets such as Italy. No debt. Started a shareholder buy-back program.
Keeps going from improvement to improvement. Revenues have gone up year over year and making money quarter over quarter, although not a lot. Making inroads into new markets such as Italy. No debt. Started a shareholder buy-back program.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.880
Owned
Yes
TOP PICK
TOP PICK
April 1, 2009
(A Top Pick Oct 9/08. Down 18.5%.) Doing very well. 2008 results were excellent. Normally the results would be looked on very favourably but with current negative sentiment it is difficult getting traction. Buy a little at a time, not a full position.
(A Top Pick Oct 9/08. Down 18.5%.) Doing very well. 2008 results were excellent. Normally the results would be looked on very favourably but with current negative sentiment it is difficult getting traction. Buy a little at a time, not a full position.
Ben Stadelmann
Vice President, Contra the Heard
Price
$0.900
Owned
Yes
TOP PICK
TOP PICK
October 9, 2008
Excellent management, getting new contracts, will hold up well during a recession.
Excellent management, getting new contracts, will hold up well during a recession.
Ben Stadelmann
Vice President, Contra the Heard
Price
$0.920
Owned
Yes
HOLD
HOLD
January 30, 2006
Very content to continue holding this one. The satellite sector has a very good future. Good management.
Very content to continue holding this one. The satellite sector has a very good future. Good management.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.990
Owned
Yes
DON'T BUY
DON'T BUY
December 8, 2005
In the bottom 10% of his database. The most recent year over year earnings were down about 120%. Earnings estimates in the last 90 days have been shaved by 20%. Forecasted to lose $0.20 in ’05 and ’06.
In the bottom 10% of his database. The most recent year over year earnings were down about 120%. Earnings estimates in the last 90 days have been shaved by 20%. Forecasted to lose $0.20 in ’05 and ’06.
Robert McWhirter
President, Selective Asset Management
Price
$0.910
Owned
No
BUY
BUY
September 6, 2005
Likes the new management. Revenues went up about 80% year over year last quarter, but at the same time they lost more money. Have good contacts in the US now and thinks it bodes well for the future.
Likes the new management. Revenues went up about 80% year over year last quarter, but at the same time they lost more money. Have good contacts in the US now and thinks it bodes well for the future.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.120
Owned
Yes
BUY
BUY
June 7, 2005
Have had major changes. Good management changes made. Also some major changes made on the board. Sales were way down last quarter, but have some products that are going to do well. With their new board and CEO they should do better in the US.
Have had major changes. Good management changes made. Also some major changes made on the board. Sales were way down last quarter, but have some products that are going to do well. With their new board and CEO they should do better in the US.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.610
Owned
Yes
HOLD
HOLD
April 14, 2005
Ranks just below half in his database model. Fiscal year earnings are expected to go from $0.01 to $0.04 against approximately $0.65 stock price gives a 16PE and PE to growth of 1.1 X. Earnings forcast at the moment to go to $0.06 in 2006 which gives a 50% lift against a 11PE, so if they can deliver, it will be interesting.
Ranks just below half in his database model. Fiscal year earnings are expected to go from $0.01 to $0.04 against approximately $0.65 stock price gives a 16PE and PE to growth of 1.1 X. Earnings forcast at the moment to go to $0.06 in 2006 which gives a 50% lift against a 11PE, so if they can deliver, it will be interesting.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$0.760
Owned
No
BUY
BUY
July 16, 2004
Relatively new management. They have to increase revenues. A lot of competition. Speculative.
Relatively new management. They have to increase revenues. A lot of competition. Speculative.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.730
Owned
Yes
BUY
BUY
June 14, 2004
Likes management feels stock still has room to go.
Likes management feels stock still has room to go.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.800
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 19, 2004
(A top pick Jan 9/04. Down 14.5%.) Still comfortable with it. Seems to be getting more contracts.
(A top pick Jan 9/04. Down 14.5%.) Still comfortable with it. Seems to be getting more contracts.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.900
Owned
Yes
TOP PICK
TOP PICK
January 9, 2004
Partner doesn't like it. Has low-volume and revenues have come down. Have a new CEO and is hopeful he can do something.
Partner doesn't like it. Has low-volume and revenues have come down. Have a new CEO and is hopeful he can do something.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.960
Owned
No
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