Brett and all :
I hope that you have taken the time to look into Columbia Capital, CLCK. This stock is up almost 25% today with good buying. Expect to see more buying as we head into earnings.
Here is the thread:http://www.exchange2000.com/~wsapi/investor/subject-21002
A brief history on CLCK: Columbia Capital is in the data processing business, and they do work for banks in their credit card processing, mailing credit cards, and other back room activities. They also are the processing company for a company who is one of only 4 companies that the government has set up to do EBT. What this is, is electonic processing of welfare and social security entitlements, through the use of debit cards. The U.S. government is testing social security debit cards now and expects it to be fully operational by the year 2002, after ramp up starts next year. If that is not enough to get you interested, they just signed a deal with Paysys, which is the largest banking software company in the world, for them to refer customers to CLCK for their Year 2000 compliant problems.
Also, the company just signed a huge deal(biggest ever and estimated at over $37million) with Millenium healthcare to do their data processing via debit cards. This is just the intro into this industry and you will hear more in this industry before long.
This is no pie in the sky company, they are profitable and going to become a cash cow. 85% of the stock is owned by insiders, which leaves only 1.5 million shares outstanding. When the rest of the world finds out about this company, you will see a big run.
Kevin |
