TROY Group Inc had an IPO in late July 1999 of 2.5 Million shares at $ 7/share. The stock did not move for 2 1/2 months. The underwriter was Cruttenden Roth (I don't know how many IPO's this company has doneg).
TROY facilitates e-commerce by allowing payment by check on the internet. There are many people who do not own credit cards or have maxed the limit. Troy allows them to use their check as method of payment. The merchant will pay a fee for this check, just like if they are paid by credit card. The partnership is with EQUIFAX.
siliconinvestor.com
The company has 10.23 million shares outstanding, but the float is only 2.5 million. Check the balance sheet, practically no L/T debt. EPS growth is 152.54%, and the company makes money!! This is just a beginning.
siliconinvestor.com
The stock is trading at around 14 right now. The annualized EPS is about 70c/share basic and 64c/share diluted. You can buy the stock based on P/E, a rarity for internet stock.
Do your own DD, and check the latest chart.
Paul
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