Topfuel, I see that we finally share the same enthusiasm for a security. Regarding CMND, your post #347 says:
"I love this company"
Great, I love it too!.....
CMND trades on the Nasdaq, Is in a high growth sector, and is profitable!......
Outstanding shares.....7,650,000
Shares in the float....3,105,000
(3,972,500 shares are held by the CEO..the remainder 579,250 shares are held by the only other insider)
Cash value............$2.80 per share
Book value............$4.30 per share
Currently trading at less the $4 per share!
David, Thanks for bringing this impressive find to the TSIG thread!...I am sure that TSIG investors will soon be looking for other stocks to invest the million's in soon to be realized TSIG profits!.....Maybe, you truly are looking out for the best interests of the TSIG faithful! Eh?
David, I do think that you would be benefited by doing some more in depth research on CMND before investing all of your shorting, uh I mean, long TSIG profits.
Here is what you will find:
The CMND insider selling that you refer to from your infamous "Yahoo" source are all related to the IPO in March of this year. In fact if the two insiders did not sell shares in March, CMND would still be a private company.
David, You can be glad that the insider's sold, because now you have chance (upon your release from Mt. Shill's recovery center) to buy CMND shares with your TSIG profits.
The IPO was launched in March. It was oversold at $12 a share. The price moved up to over $16 a share in the weeks following the IPO.
The stock price tumbled the day after the company's first ever CC to announce Q1 earnings on April 30th. (The majority of the 1st qtr. 1/1/98 thru 3/12/98 reflected pre IPO activity) Q1 earnings fell 2 cents shy of analyst's expectations. That, along with the company's assessment that income and revenue growth would be inconsistant over the next few qtr's due to costs associated with ramping up to handle the anticipated growth, shook investors into dumping shares the following day. The stock dropped over half it's value in one day. Shareholder class action suits were filed within days (typical with most dramatic selloff's) Resulting in further slide of the stock price to $5 within a couple weeks.
This is when I first became interested in CMND. The company is solid. They have a sparkling clean balance sheet with no debt and over 21 million in cash...The CEO Mr. Ed Caputo, started the company in 1985. He built the company from the ground up. Starting with little more then pocket change, Ed has developed Command Systems into a 30 million plus company, and is poised for rapid growth.
Ernst & Young selected Mr Caputo for the honored "1996 entrepreneur of the year" award for Southern New England.
Due to the SEC "quiet period" for new public company's as well as the prudent use of caution in making public statement's in view of the pending class action suit. (Attorney's filing the action have yet to find a lead plaintiff to carry the class action banner) CMND has released no news of contract signings, future prospects ect.since the 1st qtr. CC.....In fact the only announcement they have made was a week ago friday announcing that Q2 would miss earnings and would come in at around "breakeven".....This has further weakened share price as investors await additional clarification which will take place during the CC after Tuesday's close.
Although there have been no announcements of contract signing's and will not be until the CC....There is ample evidence to be bullish on the CMND's business outlook and contract signing's.... Cmnd has embarked upon a massive recruiting campaign. You can visit Their website at: www.commandsys.com If you visit employment opportunities on the website you will find for over 300 positions that are in the process of being filled. (This is more then double their current U.S. work force) It is estimated that they have already filled a considerable number of positions based on weekly comparison's of the updated "job opening's list".
The up front costs associated with work force expansion and other ramp up expenses, creates a timing issue related to earnings. Q2 realized many of the costs associated with the ramp up. However, profits from contract fulfillment has not been realized in Q2 to offset the additional ramp up expenses. It will be future Qtr's will realize the profit benefits of current expansion... Even with that said, earnings for Q2 have been pre-annouced to come in at break even. Thus the company is not burning up cash and equity to fuel and fund growth....They are doing it with current operating profits.
Now is the time, IMO, that represents the greatest opportunity for investors to benefit from Command Systems future value.
I have a sizable position in cmnd, as I see it as a long term investment. I have been trying to accumulate additional CMND shares at between 3 5/8 and 3 3/4. However, very few are selling their shares in anticipation of the CC. (Monday's volume was just over 20,000 shares. Representing approx 10,000 shares that traded hands)
David, as you can see, I am very bullish on CMND. I am also glad that you share my enthusiasm for CMND as well! Additionally I am currently in a CMND buying mode. As such, I would benefit by a reduction in share price. If you feel that you have some solid DD that you could add to the CMND thread it would be greatly appreciated.
David, Thanks for bringing this impressive find to the attention of other TSIG investors!
Warmest Regards, JAB |
