Thanks for the response, Bob. Helpful info, I'll look at MICA.
I remember Verifone, already a sound company and looking at a limitless future in terms of Internet payment technology, was taken out and shot for missing estimates by 1 cent. It had already drifted down to $40, and quickly made $32 and traded in a range of $28-32 before being bought out by Hewlett Packard in a stock swap (approx. takeover price was $48). Anyone watching the market knew VFI was undervalued. No Wall Street Random Walk there. Maybe MICA will get similar treatment.
Speaking of Verifone, I might have another pick. Some smart cookies on the Verifone thread used to talk about another co. called International Verifact (NASDAQ: IVIAF). They are really getting a lot of business now, recent announcement to install terminals dealing with Air Miles in McDonald's restaurants. They have a check reader product as well...& their terminals were involved in a Visa/Mondex smart card pilot program in New York. There is enough variety in the online transactions and smart cards business that IVIAF may be carving itself a profitable niche, and they MIGHT have some big blue chip contracts in the bag. I haven't checked it all out yet but I will do so. In any case they are now profitable after losing money in the past, and the revenues are growing strongly.
IVIAF
Market cap 58.7 million
$11 mil in the bank, no debt.
Revenue growth (annual, based on 9 months ended Sept. 30): about 65%
Earnings, 0.16 most recent Q, 0.31 last 9 months
(Previous year was in the red)
Could earn 0.80 next year, 1.50 following year, since they are now profitable and awaiting big new contracts. I ain't no analyst but with the business they seem to be doing I don't see anything but high growth now that they are proven and profitable.
Stock currently at $6 3/4...no risk & very high reward.
Opinions welcome! |
