landstander

Transact Technologies (TACT). Being correctly punished for being in casinos and in food service.

Sharps Compliance (SMED) - Up quite bit already, but would benefit from testing and vaccine waste needs.

Regarding multiple Microsoft products, Skype for Business is reaching end of life July 2021 and being replaced by Teams. If that happens, I think it further limits Slack as Teams becomes the default choice for larger companies.

Mohnish sharing his thoughts on EAF -

You should be fine - https://travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages/Canada.html I had to look this up as I'm going through Canada to Europe next week.

TD Ameritrade paid it on the May 30th after close.

The article was posted on ZeroHedge if you're still interested - https://www.zerohedge.com/news/2019-04-25/quiet-panic-kyle-bass-hong-kongs-looming-financial-political-crisis

Google Stream Announcement - As a summary, you can play brand new games hosted entirely with Google and without a costly gaming computer or console. Not sure if this moves the needle for Google, but having used Stream to play a graphically intense AAA title on an old laptop through Chrome, I'm excited to see how it evolves (streaming, dev platform, gaming marketplace).

Same, got out at $11.25 at the start of the year. I tell myself better early than late. It doesn't help, but that's what I tell myself =) Thanks for the topic, good idea that worked out faster than I expected.

Purchased TACT. I like the odds on their restaurant business and today's departure of a board member (possibly in response to activist letter on 12/18).

Yes. In Q2 they were estimating $100+ million for 2018 revenues. A significant drop. And while margin was higher than I expected, revenue was lower. Haven't looked through the details and will be interested to hear the reasoning behind an expansion rather than focusing on the core business on the conference call later today.

Cool, Thanks! The CEO was also on a separate podcast on 8/21/2018 that was more focused on his perspective and background - https://fromfoundertoceo.com/246-marshall-chesrown/

They've had the eBay logo since earlier this year (at least 3/2018). They did sell a few bikes on eBay, but I don't believe they use it anymore.

Bought some TACT. Maybe earnings tomorrow provide some visibility into their restaurant division, although it's been a lot of nothing for years now.

Regarding acceptance rates, I haven't seen it published. I find it difficult to calculate a specific value given the short history and significant changes in offers/turnover. There are probably many ways to do it, but assuming a current quarter's sales come from the inventory generated from 1/3 of a prior quarter's and 2/3 of the current quarter's cash offers gives you an acceptance rate of 9-10%. Using this method, acceptance rates haven't changed much Q1 to Q2 (-0.5%). I'm guessing they are using cash offers as their primary guide for revenue estimates. With cash offers doubling quarter over quarter and turnover dropping, they probably have good visibility to revenue. We'll see if they can deliver on their margin estimates. And agreed on the Sturgis event! I think they are engaging in smart ways with the community. I wonder how the cost/benefit compares to the racing sponsorships Cycle Trader does.