Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Dollar and Under Sleeper Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Fred Rollins who wrote (1839)	11/9/1997 2:35:00 PM
From: shawn a. becker	Read Replies (1) \| Respond to of 8835

Look at ITSI after 4 yrs. in the doldrums ready to move.ITSI hit a peak in 93 at 20 1/2 $ in late 93 and it was down hill after that. But since the they have cleaned up all thier problems cut the fat and have been able to keep cash in the bank and almost nil debt since then waiting for an expansion in the lotto business again,which is starting to happen. They have more going on now then they did in 93 and are in a better position to take advantage of it because of new and better products and better management.Also thier largest shareholder is putting an additional 5 million in to shore up a bal. sheet that already has 4mill and no debt.Last time he did this was right before the stock took off in 93 to 20$ . He already has 35 million in company and wants to pu more in after 4 yrs. I am hearing that this is to fund some very major projects larger than they have ever gotten in the past .I am hearing that 2 to 3 of these are larger than the revenues that they have done in an entire year.AS i am writting this the cfo is in Hong KOng finalizing a major contract with the Jockey club to redo thier whole system which could be a 10 to 20 million contract.That alone would take the stock to 4 to 5$ a share.Even though thier earnings were neg. the stock has gone up .THe street is expecting something much bigger . Thier backlog is 5 x what it was last year ,thier margins are better ,sg&a dropped and they have been beating down customers doors and developing new business. THer is also a group ofm several individuals that own 15% of the stock from just below 1$ to 2$ and are looking to buy more .This stock is easily a 5 to 6$ holdand could go much higher if they get more news.All they need is a spark which i think they will get in the 1 to2 weeks with a contract from the Hong Kong Jockey club and there will be more to follow. Buy anywhere below 2 and when it takes out 21/4 buy more with a target of 6 $ Good luck . I have folloed this stock for 6 yrs. and know management really well and i expect alot out of this company in the next 2 months.