Brenda I'm going to take a risk here and assume you are right about both the market and a potentially big move in CLCK.
This isn't a perfect investment, there is no such thing. It's an OTC BB stock that has actually been holding up quite well despite some recent bad news.
biz.yahoo.com
Earnings are growing so rapidly that they are being compared quarter over quarter.
The stock has been holding up well despite the recent market sell off as well. Could it be the small float or the rapidly growing earnings? Is it the possibility that some really good news lies just around the corner?
Take a look at the most recent write up from Westergaard Broadcating tonight:
Columbia Capital Corp. is a big idea. The Company's business of processing financial transactions is projected to grow ten-fold between FYDec97 and FYDec99, driven primarily by demand for outsourcing of back office operations by small-to-mid size banks and other institutions concerned with meeting regulatory compliance standards relating to the Y2K "Millennium Bug" problem. Literally thousands of U.S. banks are vulnerable to closure if they fail to meet compliance milestones as set by the Comptroller of the Currency. The more banks can outsource peripheral activities such as credit and debit card processing, the better they can focus on remediating their core business.
Operating through a Texas based subsidiary, First Independent Computers, Inc., CLCK provides three interrelated financial services on an outsource basis. It links consumers and merchants with credit and debit card issuing institutions by (1) capturing consumer transactions at point of sale, (2) providing credit to merchants as transactions are recorded, (3) posting transactions to card issuing institutions' accounts receivable and general ledger, and (4) finally closing the loop by printing and mailing statements to initiating card holders.
INVESTMENT PROFILE
Founded in 1968 by First State Bank of Abilene as a service for outsourcing financial records for local banks, the business evolved through several incarnations to emerge via reverse merger in Sep97 as a public company with 12.6mm shares outstanding, 2mm of which are publicly traded.
wbn.com:8080/CLCK/index.html
Now for others who might like to know a little more about CLCK let me share a little more due diligence I have put together the last few months:
CLCK-Columbia Capital Corp-Description of business:
Columbia Capital Corp, through it's wholly owned subsidiary, First Independent Computers, Inc., engages in the financial services industry primarily through rapidly expanding and interrelated services:
1.) Credit and Debit Card Services
2.) Banking/Financial Services/Healthcare Processing Services
3.) Document Management and Distribution Services
As the world is rapidly moving toward electronic information processing, annual credit/debit card purchases in the US will soon reach the $1 trillion mark. The combination of this type of growth and the continuing trend towards outsourcing data processing functions, directly benefits First Independent now and will remain a source of
increased business in the future.
CLCK has begun to make it's move into previously non-associated business, like health care service organizations, utility providers, travel and tourism organizations and even internet merchandising companies. The opportunity for growth here is unprecedented:
biz.yahoo.com
biz.yahoo.com
Message 5383102
The company through it's association with FISCRIP which it is about to acquire is the first processor certified as a Welfare, Food Stamp only EBT processor. First independent will play a major role in supporting FISCRIP's ATM, Debit and EBT major growth in the next year. By the year 2000 even social security recipients will receive there monthly checks in the form of an EBT debit card. CLCK shareholders will benefit from every transaction at every location as it is processed in the region they cover:
biz.yahoo.com
CLCK is also going to acquire Berwyn, an associated company, which will add $20 million in revenues and substantial earnings this year:
biz.yahoo.com
sec.gov.
The importance of Columbia Capital's Y2K compliance has already been affirmed by the signing of two large contracts earlier this summer. CLCK has licensed Kirchman Dimension Systems Software which is now the core banking software of choice for more than 650 financial institutions worldwide. The use of this software and IBM mainframe computers gives CLCK the processing power to take on many times the amount of business they have already booked with very little rise in overhead:
biz.yahoo.com
Two independent outside directors were announced earlier this summer bringing the present total to seven. While we can't be certain I expect we will see further additions to the board in the future:
biz.yahoo.com
CLCK earned 3 cents in the first quarter and 5 cents in the second. The third quarter numbers should eclipse the first two quarters combined.
biz.yahoo.com
biz.yahoo.com
On June 17th the company made an announcement which will result in a tremendous increase in new business: Columbia Capital Corp. & PaySys International Enhance Their Relationship with New Agreement.
biz.yahoo.com
Never heard of PaySys? PaySys International, Inc.'s (www.paysys.com) credit card management software-solutions are used by more banks, finance companies, processors and retail establishments throughout the world than any other system. PaySys employs over 400 people worldwide.
svoa.co.th
This deal is going to bring MILLIONS AND MILLIONS of dollars of new business in for Columbia Capital. It's absolutely huge! If you have not picked up any CLCK. The stock has is holding well still above the 200 day moving average and offers a tremendous opportunity for profit. This company is still being largely overlooked by investors simply because it trades on the OTC BB and has a very low profile. This will change and you can get in while it's still cheap.
Finally we did have a little insider buying in May and June. The recent slide in the stock may precipitate even more insider buying. Any time an investor can buy a stock below the level or at least reasonably close to where an insider has purchased you are doing quite well indeed:
biz.yahoo.com
I honestly believe this company will be moving off the OTC before the year is out and as a result it will not remain undiscovered for long. Check out the CLCK thread here at SI:
Message 4890928
Regards, Jeff |
