We've got company - imagine, front-running on Frank Mersch!!!
Frank Mersch: Another sleeper, and I think whose business is really good and who's transforming itself, is AimGlobal
Technologies [T.AGT]. It used to be in the CO2 detector business. It had a software division, the detector business, and in the last
18 months it has accumulated a whole bunch of plans devoted, primarily, to wireless manufacturing. They won a contract for $25-30
million from Cellwalk, and have contracts with a number of other wireless providers. The reason we came to this one is because
companies that we looked at in the wireless area when they were subcontracting out, this company kept coming. It is the one that
everyone was using in the wireless space. The only problem is that the president and the operating people are very good, but the
owner who owns a fair chunk of the stock is sometimes viewed as being promotional, which is not good. Despite that fact, the
business is really solid and good, and they seem to be winning a lot of business. With all of the capital flowing into this space, these
companies are going to get fully funded up, going to have a lot of money to spend, and drive that whole business forward. Here is a
case where a company has had a history, the stock has been all over the place, it has had a different business, and it's transitioning
itself into a new business, and people just don't know about it. Basically, it's winning $35-60 million contracts from players. So, that
tells you something about its core competency.
stockhouse.ca |
