Columbia Capital(CLCK) is the first pick that I would like to share some DD on as it is a reporting company which can be found by using the following URL and typing in Columbia Capital in the Company search box:
sec.gov
This is the result the latest 10KSB:
sec.gov
I have taken a significant position in CLCK. Why?
The stock has a low float of less than 2 million shares. It is extremely undervalued after a recent sell off. The stock closed at $2 3/4's on Friday. Earnings are really starting to take off. CLCK earned 3 cents a share last quarter and will really build on that momentum in the next few upcoming quarters.
This company is rapidly becoming more profitable. Read below for some of the due diligence I have done on this stock:
CLCK-Columbia Capital Corp-Description of business:
Columbia Capital Corp, through it's wholly owned subsidiary, First Independent Computers, Inc., engages in the financial services industry primarily through rapidly expanding and interrelated services:
1.) Credit and Debit Card Services
2.) Banking/Financial Services/Healthcare Processing Services
3.) Document Management and Distribution Services
As the world is rapidly moving toward electronic information processing, annual credit/debit card purchases in the US will soon reach the $1 trillion mark. The combination of this type of growth and the continuing trend towards outsourcing data processing functions, directly benefits First Independent now and will remain a source of increased business in the future.
CLCK has just begun to make it's move into previously non-associated business, like health care service organizations, utility providers, travel and tourism organizations and even internet merchandising companies. The opportunity for growth here is unprecedented:
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The company through it's association with FISCRIP is the first processor certified as a Welfare, Food Stamp only EBT(electronics benefits transfer) processor. First independent will play a major role in supporting FISCRIP's ATM, Debit and EBT major growth in the next year. By the year 2000 even social security recipients will receive there monthly checks in the form of an EBT debit card. CLCK shareholders will benefit from every transaction at every location as it is processed in the region they cover:
The importance of Columbia Capital's Y2K compliance has already been affirmed by the signing of two large contracts recently. CLCK has licensed Kirchman Dimension Systems Software which is now the core banking software of choice for more than 650 financial institutions worldwide. The use of this software and IBM mainframe computers gives CLCK the processing power to take on many times the amount of business they have already booked with very little rise in overhead:
biz.yahoo.com
I'm hoping we get a better feel for where the company is headed soon. Virtually all the information discussed in this post comes from the investor packet that I received a few weeks ago. It seems that the company feels they have some very real business opportunities outside their traditional business areas. Two Friday's ago two independent outside director were announced. While we can't be certain I expect we will see further additions to the board in the future:
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We already have enough information to know that CLCK will be seeing a real rise in earnings next quarter. Having earned 3 cents last quarter already I feel very good indeed about the future of shareholders:
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Tuesday June 16th the company announced it's BIGGEST DEAL TO DATE: Columbia Capital Corp. & PaySys International(an unassociated company) Enhance Their Relationship with New Agreement.
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Never heard of PaySys? PaySys International, Inc.'s (http://www.paysys.com) credit card management software-solutions are used by more banks, finance companies, processors and retail establishments throughout the world than any other system. PaySys employs over 400 people worldwide.
svoa.co.th
This deal is going to bring MILLIONS AND MILLIONS of dollars of new business in for Columbia Capital. It's absolutely huge! If you have not picked up any CLCK. The stock has slipped to less than $3 a share offers a tremendous opportunity for profit in my opinion. This company is still being largely overlooked by investors simply because it trades on the OTC BB and has a very low profile. This will change and you can get in while it's still cheap. Columbia Capital has 82 employees and is centrally located in Abilene Texas. I honestly believe this company will be moving off the OTC before the year is out and as a result it will not remain undiscovered for long. Check out the CLCK thread here at SI:
Message 4890928
There was even a little insider buying in May. The recent slide in the stock may precipitate even more insider buying. Any time an investor can buy a stock below the level or at least reasonably close to where an insider has purchased you are doing quite well indeed:
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Finally I have spoken with Ken Klotz CEO of CLCK on several occasions and feel very secure in Rxing a little CLCK for interested investors.
Regards, Jeff |
