FAXX..go back and see !!!
Another TAVA
Our stock radar has located another winner. Here is short story in nutshell.
FAXX.
Faxsav, A Nasdaq company, designs, develops, and markets business-to-business facsimile transmission services. Includes real-time fax-to-fax, desktop-to-fax, enhanced fax and broadcast fax service.
Currently is the leader in fast developing internet faxing industry. Client list is truly amazing with many Fortune 500 companies.
U.S. BASED CUSTOMERS
A.G. Shilling
Ace Hardware
AEG
Air Nevada
Airborne Freight
Alamo Rent-A-Car
Alex. Brown
Allied International
Argents Air Express
Asante Technologies Inc.
Baskin Robbins
BBC International
Bell South
Brother International Corp.
Canon Virginia Inc.
Chase Manhattan
Chevron Services
Chiron
Colibri
Country Floors
Culligan International Company
Dole Food Company
Eastman Kodak
Eden Toys
EJ Brooks Ekco Housewares
Esprit de Corp
FAO Schwartz
Fibex Inc.
FMC Corp.
Ft. Lauderdale Chamber of Commerce
Fuji Bank Ltd
Hershey International
Hormel Foods
I B M
Ingersoll Rand
ITT Fluid Tech
John Deere Intercontinental
JVC
K-Mart Corporation
Keystone Automotives
LA Gear California Inc.
Land O'Lakes
Lea & Perrin
Lehman Brothers
Liz Claiborne Footwear
LSI Logic
MCA Music Publishing
MCA Records
MSAS Cargo International Naturaide
New Zealand Milk Products
Newfield Partners
Ogilvy & Mather
Pierce Chemical Co.
Qualstar Corporation
Readers Digest
Rockwell International
Royal Robbins
Samsung
Sara Lee Corp
Seko Air Freight Inc
Shure Brothers Inc
South Pacific Duty Free
Sun Chemical Corp
Technic, Inc.
Teledyne Water Pik
TRW Components Intl
TRW Enterprise Solutions
Tyco Playtime Inc.
University of California
University of Chicago Network
US Polymers
Wal-Mart
Warner Lambert
Wyse Technology
INTERNATIONALLY-BASED
Asea Brown Boveri
Aiwa America
Alcatel Telecomm
Ajinomoto USA
Asahi (America)
Avianca
Avocet Systems
Bank of Tokyo
BBC International
Boboli International
Bosch Automotive
British Airways/Cargo
Brother International
Canon
Daimler-Benz Ericsson
FAO Schwarz
Fuji Bank
Heineken (USA)
Hong Kong Shanghai Bank
Hyundai
International Bank Singapore
KLM/Cargo
Komatsu (America)
Konica
Litton
Lufthansa
Matsushita
Mitsubish
Mitsui National Bank of Pakistan
Nokia
Samsung
Sanyo
Savin
Siam Commerical Bank
Siemens
Shiseido Cosmetics
Sumitomo Metals
Telstra
Thomson
West Deutsche Landesbank
Yamaha
Yomiuri America
GOVERNMENTAL/PUBLIC SECTOR
Americas Society/Council of Americas
American Embassy, Honduras
Algerian Embassy, U.S.
Argentine Mission to the U.N.
Australian Education Office
Belgian Embassy, China
Bermuda Dept. of Tourism
Burkina Faso, Embassy of, U.S.
German-Amer. Chamber of Commerce Mexican Consulate, U.S.
Near East Foundation
Permanent Slovak Mission to the U.N.
Portuguese Trade & Tourism Office
Togo, Embassy of, U.S.
University of California
U.S. Dept. of Transportation
U.S. Council on International Business
Here is some news releases on recent developments.
FaxSav Introduces The Virtual Fax Server - Harnessing Internet technology now allows a completely scalable desktop faxing solution for both sending and receiving faxes
FaxSav's Internet Faxing Portfolio - Accumulates More Industry Awards
FaxSav Reports 58% Growth in Volume - Revenue Increases and Record Gross Margins for the Fourth Quarter
FaxSav Announces Agreement with DDI - The Second Largest Carrier in Japan
FaxSav Enters Agreement with China's Ministry of Foreign Trade & Economic Cooperation
FaxSav's Desktop Services are available throughout the world, with over 227 international partners in 70 countries.
FaxSav's Fax-to-Fax Services are currently available in Japan, Korea, Taiwan, Philippines, Bermuda, and Argentina with more to come.
Internet fax industry is growing very fast. As you can see, this company has a very impressive customer following locally in USA and worlwide. Their market potential is huge!!!!
Revenues are growing nicely. They reported 21% increase in revenues for recent quarter, going from 3.8 mil to 4.6 mil in fourth quarter.
We believe that one of big boys (AOL, YHOO) will be adding FAXX services to to their line-up to attract a corporate/ travel business.
Their web site is very impressive. faxsave.com. Check it out.
FAXX has over 10 mil outstanding shares and only 1.5 float. This indicates that insiders are holding a nice chunk and looking for future gains. We see 10800 shorts and decent holding by some funds( 7 insts for 0.08% of the float).
Charth shows nice basing and accumulation in this range.
52 week high was $ 5.25.
This is very explosive stock with very small float and in very explosive industry.
We are buying this one for short term as well as for long term gains. |
