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alan, I am willing to agree that some of these developments MAY be positive for CMEL, BUT: 1. the market has not taken any notice of these developments (no rise in share price) 2. this new management team has not yet proven it can outperform the previous one 3. these new contracts are a drop in the bucket with regards to CMEL generating the type of revenue to take the stock back to 12+ 4. IVIAF went through these changes 2 years ago and are seeing the upside now, including 14million in cash, two software (custom applications) subsidiaries,an alliance with the world leader in this field, INGENICO (who hold @8% and are looking to increase it to 25%) which gives it a tech advantage in North America (it was the first to receive joint certification by Mondex and Visa in the crucial smart card areana, and is leading the way in North American smart card trials) 5. HYC just went public, have tons of cash (several hundred million), and are the second largest co. in the field after Verifone. They will be extremly active in attempting to gain market share...my point? - these changes are positive, but I am not sure that they are signifigant enough to turn the share price around...BUT this market is going to continue to grow at abnormal rates over the coming years, and CMEL has plenty of time to turn around, and a potentially huge market to sell into...still IVIAF represents a better play in this field due to competitive advantage, tech superiority, and better distribution channels...anyways, good luck with your investment, I hope we all make money! |
