"could be a value stock only to somebody if they knew quite a bit about the company, its products, and its markets."
Paul - thanks for the response. I've followed this company quite closely for the last few years - and I feel I fit your description above.
They are in a very niche market, but with great OEMs, and a leader in the Remote Access market, as well as Point-of-Sale products. They make boards that plug into systems to allow those little POS card readers and such to be distributed around stores. They also make remote access servers allowing a company to manage their own dial-in modem groups.
They've made money since 1985 - every year. Management is quite conservative, lots of cash on hand, and have unique in-house technology. They are continously racking up new OEMs (another major one is rumored to have been closed already). They are already sucessful in their niche, but with the new products just starting to ship, they may break out of this niche...
DGII - the closest competitor, is trading at 16 to 20 PE, EQNX should at least be in that range. Given their new products and targeted market, there is tremendous growth potential.
True - they are a micro cap, but so are many others, with negative earnings to boot. And this one is yet to be discovered. Earnings our today - stay tuned.... |
