N.O.....market cap for SMU now approaching the 45M mark, trading at less than .5 sales, just above 1.1 book and stock market valuations are hefty to say the least. Either SMU is a bonafide defensive play here or someone knows more than the company is letting on. The way I see it, here are a few big questions, 1) can SAN finally turn the corner? With many certifications now accounted for and hopefully an improving efficiency on the production line, we may see better results, 2) ITS seems to be firmly established in the BMW series. Can they expand the customer base in the ITS tech and when might this occur? 3) Will ITTR be the salvation for this company? ITTR could be a real catalyst here if a domestic major ever endorses the tech particularly in the popular SUV's, 4) I work for a major domestic Air Carrier and I'm digging for more info about the 16g seating. Will there be an FAA mandate requiring a retrofit for all aircraft to meet the 16g specs? Also, how much damage has been done between the AI division and the customers with the production and QC problems encountered in recent Q's?, 5) Can management be trusted with their cautiously optimistic views, particularly on SAN, for the upcoming Q's?. 6) Will we see a sale of Mass Transit/Rail division in this or the next Q and could there be some "hidden" expenses that may further hinder forward progress again? 7) What type of creative financing may lay in waiting for shareholders down the road? The cash position numbers look terrible and I suspect it's just a matter of time, unless they have dramatically improved on the earnings front, 8) I also like the implications of the CABS and feel the military may just be the beginning of this market. Besides the most recent CABS contract, what other military aircraft and/or equipment could benefit from this tech? I would think many more, but this is mere speculation. In a nutshell, it would seem that we have a dramatically undervalued company here based on the technology readily available and the sales/distribution channels established. Yet the shareholder equity continues to decrease and losses mount. Is the management in place capable of executing a turnaround and realizing the value of their assets in the eyes of the street or have they ruined all credibilty? It's a shame to see such potential go unrecognized, yet I feel there may be an underlying story here that we don't want to know about. I hope I'm way wrong.
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