Dear Dan,
Doing my DD on the smart card industry and particularly RCOM (got the "tip" from Pat Pending). I had a nice talk with Marty Cohen. He explained RCOM's potential, its highlights, drawbacks, etc. in terms of its technologies, business objectives, strategy and so on.
I should receive my investor's information package and prospectus on RCOM soon. I'll read through the posts on this message board to further help my understanding of the company's status within its industry (when investing in stocks, ignorance is not bliss). Before I invest, I like to get a good feel for the company's management and how directly responsive they are to me and other investors. May I ask what your feelings are concerning Racom's management? Are they capable, focused, how large is their liquor tab. etc <g>? Racom's advantage is in its patented FRAM tech. Its barrier to entry has been the cost of it. Now it's getting some help overcoming this. Obviously, Racom would love to be THE major player in the smart card solutions business. Things look promising. (The company's price to cash flow and price to sales ratios suggest that it is currently undervalued) Licensing agreements have been Racom's main meat. Racom is looking forward to supplementing its revenues by getting a percentage chunk of e-commerce transactions. I suggested to Marty that the company's management look into the business of Wave Systems Corporation, [WAVX] wave.com as this company has patented technologies suited to helping smart cards made with Racom's technologies become the Smartest of all Smart Cards - with a little imagination from management. IMHO..
Amities,
Marty |
