Sep. 11 at 10:21 PM
$VIRC have shorts have over-stayed their welcome in a single digit p/e stock seeing a slight moderation in the order rate? EPS up 35% YTD, with Q2 EPS growing 9% despite the pull-forward into Q1; order rate merely changed to 5.3% from 7.6% last Q. Nearly 10% short interest prior to earnings, and assuming that increased on earnings
Company has a net cash position in the Summer for the first time in 25 years, ROE is 25%, the short thesis of ESSER funding running out (which I believe is not as relevant as believed given most purchases are tax and bond funded) is moot given the extension to 2025
Wedbush EPS estimate revised to
$1.93, putting this at 7.5x current year eps.