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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (54501)8/20/1999 1:25:00 PM
From: Devil's Advocate  Read Replies (2) of 90042
 
I knew you would.

The stock took a 70% price drop on 2 events:
1) Nextel contract was renewed but the company has to take a $4 million charge (2M on next 2 quarters) to customize the billing software.
2) IDTS has announced that they will probably lose a client that provides 6% of ITDS revenues.

What I like about the stock:
1) Profitable.
2) Growing in revenues and profit.
3) Cash in the bank (almost $2 per share)
4) P/E 8.
5) Long term recurring revenues.
6) A bunch of contracts have been renewed for terms from 2 to 7
years, recently.
7) Insiders have been buying over 10 in last months.
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