In case nobody noticed, the market crashed this week! IDX has done very well in light of the events beyond our control or research. I believe that we have either seen the top of the bull market or we are very cose. In either case I now feel very comfortable with holding IDX long term as compared to other growth stocks. We may go in circles for a while with the rest of the market, but, I think we have a very good chance of being one of the few stocks that rise in a future down market. As to that other stock (S--M,) been there, did that on Comparator. Randy has been building Identix's reputation for many years, and that does count! As David will attest, DOD contracts are very hard to get. Once you get in their loop, they are easier to get. Once you give them proven performance they will seek you out as a bidder.
Also, the litigation money we are putting in reserve may be to defend against patent infringements. In the C.C., Randy would not commit to the fact that the money was going strictly towards the class action suit? Somebody may already be walking on our patent.
P.S. I think our next surprise will be from our relationship with the Incredible Card Company, (Kidzkard) or from a health-care contract. Either way I expect it to come from B.A.T., our newly aquired company out of Kansas City. |
