|
Here's something that may be of interest. One of the other stocks that Schonberg (notorious manager of the two Dreyfus funds that bought scads of CCSI) accumulated a large position in was ATMS, a manufacturer of ATM machines for non-bank-site placements, such as convenience stores, supermarkets, hotels, etc. Even though the company is small, it's still the largest manufacturer of non-bank-site machines, and it's not only making nice profits (looks like $.27 for this year, which ended 9/30, with two analysts projecting $.40 and $.43 for 1999.) but is growing and is jumping into the just-opened Canadian market. While the company looks like a great growth/value opportunity, the stock has simply gotten slaughtered from Dreyfus bailing and tax-loss selling. There's not much of value (beyond wailing and lamentation) on its message boards, but the past six months or so of news releases do make for interesting and informative reading. I bought today because, under the circumstances, the price seems irresistible. But I don't see this as a quick turnover. I think, though, that a three to four month hold could be smartly rewarded. |
