Cantaloupe Inc (CTLP) Options

Some fund sold a large position this morning. Reread some news and found out the company is working with JP Morgan exploring options including the sale of the company.

Business is growing with record revenues ($275M TTM) and the so have earnings.

Not out of the question is a surprise offering at the $7.00 - $7.50 level the way the stock is trading. 🤷.

Have to admit I didn't see this dip coming, even with what's going on in the macro environment. Looks like everything wants to test the 200dma.

$CTLP: Sudden spiker to $11.30

Whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa


Something go down here ?


GO $CTLP

I would think that institutions are adding to their positions above 10 as this company has broken out past its 12/16/24 short term top and should challenge its 2021 highs imo.

Very good earning report. Solid growth. Making a nice move this morning, up almost 8%.

All systems go for breaking thru the 10 level soon imo.

Earnings today after the bell. Been consolidating in lower 8 level since beginning of the month.

Market Edge says to avoid, also indicating it's a better short candidate. Company has put together a string of good earnings reports but just can't quite get over the hump and always stalls before breaking 10 level.  Consensus is six cents eps for this reporting Q. Of course, forecast is everything here.

Company provides payment services ports for retail hospitality, vending machines, laundromat, car washes, arcades. Perhaps a back to work environment (less remote) show push the top line higher but also depends on  unemployment levels as well.

Still long. If it breaks 10, then 12-13 is likely within 30-60 days.

At some point this stock moves over 10 and doesn't look back.

A lot of backing and filling going on the 9 area.  New and bigger agreements are being signed.

This company can't seem to catch a break. Latest Q saw them growing revenue over 13% and doubling profits, yet the stock is down about 8% because they didn't change their yearly outlook.

Out at 7.10….suspect I will have to do more of these short term trades as long as there is volatility.

Added more at 6.75 morning for a swing trade.

Add more under 7.5 this morning. Earnings out tomorrow after close. I expect 20%+ sales growth once again and earnings starting to follow suit. 32M acquisition from six months ago already paying dividends as cross selling is boosting business. Smaller players buying first and larger players in industry now coming aboard as they realize the change in the landscape.

Been staircase buying from 5 to 8 over the past six months to add to my original position from years ago when it was above 10 (USAT).

I think the company has finally turned the corner and expect great things from them over the next two years.

Stay FAR away from that ticket or at least only consider if item drops to 40.

No revenue, too much expenses , even if new company comes in, won’t help imo.

How are you?
Can you please look into inqd and pm me on your thoughts..than you

Finally these guys have figured out how to make money. Could be the start of a long ascent.

These comments back up Sutton’s Buy rating and $15 price target, which implies an upside of 83% in the next 12 months. Sutton high on CTLP???

Officers buying more shares, so I bought a few more shares.

I think the only answer to your question is thru acquisition. They are counting on a return to pre-pandemic volume on their legacy business. Subscription fees will certainly be a plus going forward.

Where is the company going to come up with a product that produces more profit?

Where is the company going to come up with a product that produces more profit?

Bought back into CTLP on heels of last earnings report. Although they missed revenue by a million and there was a loss of about $1.2 million, the company has been buying back shares with cash flow.

Also, technically a Golden Cross will happen shortly so looking for a bounce.

Youtube video of USAT to CTLP future...

Pushing the software more now? Looks like it may work for awhile?

Maybe... but they should of left it alone. I was doing good trading it back n forth before the 'pandemic'. Since then.. its been kinda idle

Trying to deflect away from being seen as a vending machine card reading business and pushing to be more a small business cashless system would be my guess. May work out and make a sale possible??

Why are we in the fruit business now? Just saw the name change in my acct... lol

Where do we go from here?