Susan, DTEK was an undervalued based on great earnings reports and very little investor interest, making William and I think it was a sleeper. Since your question, I looked into it a bit deeper and it takes me both ways.
They have a strong and increasing revenue stream from the sale of high-tech displays and signs. They are probably wise to market these, yet buy them from other manufacturers. . . tho the exact nature of the relationship between DTEK and Don Bell is unclear. Their financial profile looks great. Their PE is under 8. Their SEC says they have plenty of cash lying around for future acquisitions, etc. The stock price has taken a beating this year, since their earnings did not beat the street, like many prior ones did. So we watch and wait for another report, hoping it will move the company back in the right direction, so we can make a few bucks. . .unless we are playing the wrong side of the ball. . .always play the side the company is playing.
After visiting their website, I noticed conspicuous omissions. When it comes to investor information about their stock, they have everything one could want, including all their SEC filings. But try to pull up any info on their products or markets or clients, etc. and it is all under construction. That explains why less than 800 had viewed the page. . .could it be that the website is exactly the way they want it as it stands? That would imply they don't believe that their customers are interested in learning more about the company. Or is it just new and they really are "under construction" . .I don't have the answer.
The stock price for LA MAN [former stock symbol LMAN] started in 94 at 3 bucks, then dropped to the sub-one-dollars for a year or two, before making a long slow climb to 2, then 3 and now 4 dollars. For as long as the stock has traded, if Wall Street has not discovered them by now, it is hard to make a case that they will in the very near future. . .may be a long-term put it in your drawer and forget it sleeper.
They run their operation out of Florida. Sell most of their product in Las Vegas, warehouse it in Stockton, CA, have their largest [commercial?] operation from a huge office complex in San Francisco. . . around 400 employees altogether.
I did not find any convertible debentures or offshore placement or the like, so it appears that despite being headquartered in Florida and running a Vegas related business [big high-tech signs], that they are a clean operation. . . and a positive spin on the way the stock has performed is this. . .if you had bought them in 1995 for .50 cents, they would be a 9 bagger now, beating most any stock, except the internets.
Rande Is
NOTE: Neither I, nor my family have ever owned DTEK, nor do we own it now, nor have I been paid in any way by any company to promote or demote their stock at any time in my life. |
