I don't know whether this will help at all in deciding whether and when to buy, but I thought yesterday's + action in a down Naz was excellent.
I have been through some huge peaks and valleys with this stock (first purchase 10/97) and I did a bit of poking around this weekend. I was encouraged going to the employment section at the Intelect web site. There is a fairly substantial list of positions open, and they aren't for the janitor or receptionist.
Don't get me wrong this is still a "show me" stock, but things are better than they have been in a long time. Working capital (which will allow the potential ramp up in production) is in good shape (the downside being more dilution and the increased overhang of potential sellers, but, it is my understanding we don't have a "death spiral convertible" situation again). The company is in the right space with, as I understand, excellent products. Other companies in its field have significantly higher valuations (Cerent was a private company before being taken over by CSCO, there are other companies in the public realm). Before the stock fell off a cliff, the bulk of ICOM's business was in Korea, and that region has come back decently. I would also be interested to see what the company is doing in the digital signal processing (DSP) space.
That being said, this is still a most speculative stock, the standard disclaimers are in force - do your own DD, etc. Also know that I have been wrong on the stock for the majority of the time I have held it (certainly not now!), if I originally purchased 10/97.
intelect.com |
