Thanx NightOwl...
I read through the tread on RMTR.. You like to speculate. No Shit! <g> Just remember to keep all your parameters in place. I'd like RMTR better if it had under 10 million shares outstanding. After reading this message board and doing some due diligence, these are my impressions:
RCOM appears to be a small company. Nothing to sweat. The departments in charge of producing smart card solutions at major OEM's like IBM are frequently smaller. As things stand, no company has the manufacturing capacity to fulfill future demand by itself.
RCOM is a "leading edge" company in the nascent production of smart cards to the extent that it produces "contactless" smart cards. Other vendors will have 64K+ FRAM multiapplication smart cards too. However, as I pointed out in my first post on this message board and to Marty Cohen of RCOM's IR, no maker of smart cards is making a smart card that meters microtransactions. (parking our cars, we still end up "feeding the meter" rather than paying only for the time we parked, downloading a movie or any other digital content, we still end up paying for the whole "package" rather than just for the content we choose to use and the time we used it - see the solution to this problem at wave.com )
RCOM IS IN THE BLACK!!!!
RCOM is quite competent in its field of business. As the costs of FRAM smart cards lowers and makes obsolete EEPROM cards, Racom's smart cards will be the smart cards of choice for applications worried about costs. As for the banking industry and bank cards, one would think the bastards would be happy to give them away (banks already spend more on free coffee at the tellers and other crap to keep and procure customers).
For as long as RCOM continues to show a profit and as long as they "have the cards," they will be reticent about selling out to a buy out. Racom will likely grow though mergers rather than being acquired.
The company is currently undervalued compared to others in its industry group. It needs some PR firm to better advertise its potential on Wall Street.
As I said earlier, I'm quite new to this whole bank card thing. I'll sound ignorant as can be.
The company seems to represent a great investment for the 5 dollar and under crowd with patience to hold for 24 plus months.
Humbly yours,
Marty
|
