Cavion Technologies (NASDAQ:CAVN) is a recent IPO in a solid company with good products, a very small float (1.2MM shares) and tremendous growth (795.8% last year!). It is still trading below the $6.50 issue price on very thin volume. The QP ends 11/23. This is a sleeper that is bound to be discovered soon. I'm loading up at these prices.
Some basic information from Hoovers.com:
Cavion Technologies (NASDAQ:CAVN) hacks away barriers to home banking. Cavion provides Internet services that allow credit unions to offer home banking services online but keeps them safe from hackers. Taking the "Eee!" out of e-banking, Cavion offers a private frame-relay network (CUiNET) over which credit unions communicate with members and other businesses. Cavion software enables members to look at accounts, transfer funds, and pay bills online. Founded in 1996, Cavion has a POP (point of presence) in Colorado and is moving into California, Delaware, Minnesota, and North Carolina. It has about 35 credit unions and leagues as customers. Director Andrew Telsey owns 20% of Cavion, and private investor Julie Graham owns 16%.
Should be a good week next week. Check it out.
Roofman |
