My Dad, brothers and I all hold IDX for long term positions. We all very much believe in the products "One Digit Pin" etc. and their alliances with both potential users (Mastercard, Automakers, ATM Machines, etc.), and technology partners i.e. ORCL. Additionally they have a pretty strong install base in the police/FBI market place.
Now the reality, this is still a long term hold stock and will see a short run-up here and people will buy in, but we will not see 18 several months from now, not yet. The momentum and earnings man, the earnings, they are not yet there to support a high PE, high growth stock. If you are buying now for a short term run-up I think you will make money, I also believe that you'll have to pick a top and get out because it will come back to earth. This is a story stock in the sense that most people can understand the application and intuitively know that someday, (KEY WORD, someday) this will be all the rage. The fact is we are not at someday yet.
Good investing,
Rich |
