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Thanks for the analysis, I'm long on SODI.

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Aug 24, 2022Liked by William Houston

Hey William, i throughly enjoy your write ups and back story. I am also currently a college student, senior to be exact. I am also what you would call a “value investor” or “net net” investor. If you are open to talk more about investment ideas let me know. I have a few investment ideas that might interest you. Let me know.

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Appreciate it Ryan - I am also a rising senior now. Yes we are definitely a dying breed. I'd love to talk investments. My email is wilhouston55@gmail.com (one "l" in will)

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Aug 1, 2022Liked by William Houston

Nice writeup definitely agree with the undervaluation. Few questions though is that 1) Whats your take on the recurring nature in terms of sales? I get that if they're in a contract that it's going to have a ton of life to give and cash, though where I am having trouble is the frequency of how many orders they get per project from say Raytheon. Should one measure the contracts as a measure of potential sales growth other than say bookings to get a picture of growth? 2) The late 10k again and does that worry you? 3) Correlates with the writeup, are you including the scrapwork and one-off items in your $3 million profit for 2022? Other than those peculiarities I find it a great business.

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Thanks! 1) Great question, I should have wrote about this in the post. Honestly I am not able to accurately judge how recurring the contracts are, however because the contracts are long lasting and "sticky", it's not hugely concerning. Still IMO, Solitron is likely to do well when it comes to generating a higher frequency of sales because of the work Tim & co have put in restoring Solitron's reputation. Regardless, you bring up a fair point and it's definitely something to keep an eye on. 2) I'm not concerned by the late filings, I understand their reasonings though I do wish they would file in the 15 day extension period. 3) I used op. income for (3Q) 2022 ($2.8m) - I'm not sure why I wrote $3m in that one paragraph, I must have been rounding. With Scrap and other one off Items, you get almost $4m. Thanks again

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Great analysis. Looking forward to reading your future posts.

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Hey William, I hope you are able to see my emily’s. Just making sure I am sending to the right one.

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Just responded- sorry for the late reply.

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deletedMay 26, 2022Liked by William Houston
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Appreciate the feedback, I agree with your take.

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