Jacob Wackerhausen/iStock via Getty Images Investment thesis Note: This is an update to my previous article . In this coverage, I'm upgrading from Hold to Buy because the growth prospects have improved dramatically and the margin expansion story isn't over yet. BK Technologies ( BKTI ) is transitioning from a traditional radio manufacturer to a higher quality company with recurring revenue from it...
Jacob Wackerhausen/iStock via Getty Images Investment thesis Note: This is an update to my previous article . In this coverage, I'm upgrading from Hold to Buy because the growth prospects have improved dramatically and the margin expansion story isn't over yet. BK Technologies ( BKTI ) is transitioning from a traditional radio manufacturer to a higher quality company with recurring revenue from its software. Recent results show accelerating growth and a continuation of its margin expansion story. The goal for 2030 is to increase revenue by approximately 15% annually, along with gross margins of 60% compared to the current 50%. If you have a long-term vision and trust the management, which has a track record of exceeding expectations, I consider it a buy at the current price. Margin expansion continues This quarter was very interesting for BKTI because they reported the close of fiscal year 2025 and also held their Investor Day with some very valuable information. Let's start with their Q4 2025 report , which they shared in March. They reported sales of $21.51 million, representing a 10% beat of analysts expectations and 20% growth! This surprised me because it marks the second consecutive quarter of growth exceeding 20%, something I hadn't considered in my previous coverage when I didn't see the company as a growth story. More important, this quarter's 20% growth comes on top of a 10% growth in Q4 2024, which was already the highest growth of 2023 and 2024. And in case you're wondering, I couldn't find any one-off driving the EPS beat, so I guess that came mostly from operating leverage rather than accounting noise. Q4 2025 Estimate Actual Beat/miss Revenue $19.50M $21.51M 10.3% EPS $0.53 $1.06 100.0% Click to enlarge Author's compilation For fiscal year 2026, the initial guidance is at least $90 million in sales and gross margins of 50%. Don't be surprised if those are easily surpassed, since in 2025 the company had given guidance of single-digit growth and gross m...
Devrimb/iStock via Getty Images By Jennifer Nash New orders for manufactured durable goods fell 1.4% in February to $315.50B, more than the projected 1.1% monthly decline. Compared to a year ago, new orders are up 7.3%. New orders for manufactured durable goods in February, down four of the last five months, decreased $4.4 billion or 1.4 percent to $315.5 billion, the U.S. Census Bureau announced ...
Devrimb/iStock via Getty Images By Jennifer Nash New orders for manufactured durable goods fell 1.4% in February to $315.50B, more than the projected 1.1% monthly decline. Compared to a year ago, new orders are up 7.3%. New orders for manufactured durable goods in February, down four of the last five months, decreased $4.4 billion or 1.4 percent to $315.5 billion, the U.S. Census Bureau announced today. This followed a 0.5 percent January decrease. Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders decreased 1.2 percent. Transportation equipment, also down four of the last five months, drove the decrease, $6.1 billion or 5.4 percent to $106.1 billion. ( Download full PDF ) Durable Goods Durable goods refers to tangible products that can be stored or inventoried and that have an average life of at least three years. Durable goods are typically expensive and therefore tend to be purchased when there is confidence in the economy. New orders for durable goods are a leading indicator, meaning when purchases increase, it typically hints at an improvement to the economy. On the flip side, when the new orders trend down, it is indicating a lack of confidence in the economy. Economists frequently study this indicator, excluding transportation or defense or both. Just how big are these two subcomponents? Here is a stacked area chart to illustrate the relative sizes over time based on the nominal data. We've also included a dotted line to show the relative size of the core capex subset, which we'll illustrate in more detail below. The next chart shows the year-over-year percent change in durable goods. We've highlighted the value at recession starts and the latest value for this metric. If we exclude transportation, "core" durable goods were up 0.8% from the previous month and up 6.0% compared to one year ago. The latest reading was higher than the expected 0.5% monthly growth. The next chart shows the year-over-year percent change in cor...
Not that long ago, Iren (NASDAQ: IREN) enjoyed a monumental bull run, soaring from $5 to $76 in less than a year. That euphoric momentum has been depleted. The stock has crashed by 54% from its all-time high, but the long-term picture is stronger than ever. Here's why Iren looks like a buy despite strong pessimism from retail investors. No one likes it when their stock gets diluted , and it can ca...
Not that long ago, Iren (NASDAQ: IREN) enjoyed a monumental bull run, soaring from $5 to $76 in less than a year. That euphoric momentum has been depleted. The stock has crashed by 54% from its all-time high, but the long-term picture is stronger than ever. Here's why Iren looks like a buy despite strong pessimism from retail investors. No one likes it when their stock gets diluted , and it can cause investors to scramble. Iren has been raising money through loans with competitive rates for a while, but its at-the-market equity program of up to $6 billion drew skepticism. Iren currently has a $11 billion market cap, so this proposal can result in the dilution of half of its shares. However, it's not guaranteed to happen right away. Iren can theoretically wait until its market cap is much higher before tapping into the at-the-market equity program, which would result in less dilution. Continue reading
Voters pick Clay Fuller, deciding Iran war was not enough to propel a Democrat into a conservative-leaning House seat US politics live – latest updates Sign up for the Breaking News US newsletter email Clay Fuller supports the war in Iran . Shawn Harris opposes it. Voters in Marjorie Taylor Greene’s former district in north-west Georgia decided that this distinction was not enough to propel a Demo...
Voters pick Clay Fuller, deciding Iran war was not enough to propel a Democrat into a conservative-leaning House seat US politics live – latest updates Sign up for the Breaking News US newsletter email Clay Fuller supports the war in Iran . Shawn Harris opposes it. Voters in Marjorie Taylor Greene’s former district in north-west Georgia decided that this distinction was not enough to propel a Democrat into a conservative-leaning House seat on Tuesday night. Associated Press called the election as results from the rural counties of north-western corner of the state rolled in. Continue reading...
James Caldwell Flores, President and Chief Operating Officer of Sable Offshore Corp. (NYSE:SOC) , disclosed the sale of 279,081 shares of common stock in an open-market transaction on March 31, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($16.69); post-transaction value based on latest market close ($15.37 as of April 2, 2026). * One-year price cha...
James Caldwell Flores, President and Chief Operating Officer of Sable Offshore Corp. (NYSE:SOC) , disclosed the sale of 279,081 shares of common stock in an open-market transaction on March 31, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($16.69); post-transaction value based on latest market close ($15.37 as of April 2, 2026). * One-year price change calculated using April 5, 2026, as the reference date. Continue reading