RCJ, ATMS received a little bit of attention:Tidel: A Great Cash Dispenser (ATMS)
Automated teller machines (ATM) are proven to increase retail
sales and customer traffic, but most retailers balk at their
high cost. "That is until now," says micro-cap guru Geoff
Eiten. His top pick this month, Tidel Technologies (ATMS -
$9.84), is the number four ATM maker in the US and the top
manufacturer of electronic cash controller safes in the world.
Tidel is breaking the cost barrier with its low-cost, high-
quality ATMs. What's more, Tidel last year launched an
interactive kiosk that combines web-enabled e-commerce and POS
functionality with standard ATM features.
Eiten points out that Tidel has long been a pioneer. For
example, the firm introduced the first low-cost ATM for non-
banks in 1992. Fast-forward to 1998 and Tidel owns 25% of the
fastest-growing segment of the industry; the majority of the
49,000 ATMs shipped in the US were for off-premises sites.
Also, Eiten quotes estimates that another 500,000 locations
are ripe for ATMs, and overseas markets are believed to be 4x
larger.
Q2 2000 was Tidel's 18th consecutive profitable quarter and
the best in its 25 years history, Eiten says. Net income
exploded 302% to $2.5 million and EPS jumped 275% to $0.15.
"Tidel has all the necessary elements to carry on the
impressive growth trend, implement its strategic plans, and
increase shareholder value," Eiten says. He recently issued a
buy recommendation.
For more on Geoff Eiten's advice see "This Month's
Recommendation," May 15, 2000, OTC Growth Stock Watch. Geoff
Eiten advises on high-growth, low long-term debt, niche-
oriented firms with sales of $5-100 million.
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