No, not $.25 for the Company, $0.25/share!
Global Maintech (GLBM) trades NASDAQ:BB, but not for long.
They make a system that controls, monitors, and operates all of the computer components, from main frame to desktop, in the corporate environment. The emerging model of computing which envisions al the computers, lans, routers, servers, hubs, etc. tied together as one efficient organism (the "Enterprise") is the emerging model for large scale computing.
Do your research. Systems and network management of "Enterprise Systems" is a $2 billion/year industry, expected ("Yankee Group") to triple by 2000.
Global had revenues for the first 9 mos. of this, their first year of operations, of over $2 million, and net profits of over $600,000. A very high margin business.
Their system works; therefore these revenues are only the first tiny trickle of what should become a mighty river. We know it works because their first three installations are at Storage Tek, G.E., and BN Railways. These guys don't buy $2mm worth of stuff that doesn't work.
The recent research report out on the Company says $.24/share next year. The Company is 'comfortable' with that.
Anyone else out there know of a company with a leading edge, proprietary technology, profitable, $2 billion and growing market, initial customers all Fortune 1000 companies, trading at $1.25 or 5x next years expected earnings? If so, let me know. I'ld like to buy it.
Steve
P.S. It's a Minneapolis company, started out on local OTC (like Cray, Best Buy, and many other huge success stories) almost no one follows the Company or even knows of its existence, save some local investors who know what's going on. Yes, I bought 5,000 shares on Thursday at $1.00.
P.P.S. For technocrats out there, the Company's web site is:
globalmt.com
It is designed to sell systems, not stock. But go check it out! |
