Go back and check the history of this stock. Little eruptions in stock price and trading occur quite regularly. But eventually the stock trends lower and lower.
NEW YORK, Dec. 22, 2014 /PRNewswire/ -- Intellicheck Mobilisa (NYSEMKT: IDN) – Identity verification and wireless technology that allows mobile handheld devices to read, decode and analyze all of the information electronically stored on driver licenses and other forms of identification is a $1.9 billion market. Multiple entities have a need to verify various forms of identification, including retail, banking, grocery, pharmacy, hospitality, age-verification, law enforcement, seaport access and branches of the U.S. military. One company addressing this large and growing market is Intellicheck Mobilisa.
I love the product concept...just as puzzled as you as to why management does not hit a home run... I believe a large company like IBM could swallow the company and utilize it in their retail and government channels...
Is this company for real? It appears to have legitimate technology related products with substantial sales and earnings potential.
The previous CEO and fonder seems to be of dubious character and is still a paid consultant for the company.
Nevertheless, if its recent earnings results can be believed, the stock appears to be undervalued.
I am obviously missing something, since the stock has been on a downtrend forever and volume is miniscule.
Can someone shed light on where the truth lies?
Stock set new record lows this month. Original investors have now lost 98% of their original investment. (Remember the stock had an 8 to 1 stock reverse split in August. Time for one more reverse stock split.
With no price support.... not good....
The volume that came to IDN when they had the "investment banker" working on their 2 dilutive offerings has disappeared in a puff of smoke.... but they may have gotten a discount and used the same smoke broker Ludlow used in the smoke and mirror quarterly reports
Better hope that IDN hasn't been abandoned and left to shrivel up to finally die... its trading as bad or worse than an oil stock
Obviously I can't prove it but it would appear that a significant chunk of volume had been trades between two parties....
Not 20 percent i guess but up significantly. did the math wrong in my head the first time i looked.
Your response hit the two themes that struck me when I saw earnings.
Unlike you, I suspect the unsophisticated investors on this board do not realize how easily earnings are manipulated. As the tax guy at several corporations, I was routinely nudged to increase or decrease my tax reserves depending on whether the CEO wanted more or less earnings. One of my funnier experiences was a CEO who maxed out on his bonus and wanted to carry the earnings over to his next year bonus. Mostly, efforts to manipulate earnings were for companies in trouble, and in the long run the technique caught up with them as that game can not continue indefinitely. My hero is Warran Buffett who tells his subsidiaries to just let the earnings come in at what they are.
I also noted the 15 times PE. Earnings for this company will be volitile under the best of circumstances and so will the PE.
Count Ludlow loaded the Q with anything he possibly could on his way out the door...which means the Q was loaded with smoke and mirrors...... while I don't have a vision of this company making a ton of money I will bide some time and watch how the new regime plays things..... was that Q sustainable????? that deal with Ludlow and his wife was a rape of company assets as he left but its time to see if the new guy has character and IF so he doesn't need to be pounded till he shows if he's just a POS schmuck too... lets give him the benefit of the doubt... the upside of that means there could be one hell of an opportunity ahead... and I'm not gonna clarify what I mean by that
I want to add that since its my opinion that the Q was loaded by Ludlow....it would be difficult to blame new mgmt. IF sales were to fall back to that ~$1 mil level
You also have to consider what IF the Q is sustainable at $350K in profit.... That's $1.4 mil/yr...
give a rich P/E of 15... which is $21 mil mkt cap... so with 5 mil outstanding the current mkt cap would be fairly valued at those rich metrics... so the argument would be this is fully valued IF they could sustain that Q and its margins.... which means the smart long money would move on to something with greater potential and far less risk
IDN would have to perfectly fire on all cylinders..... IDN would be a far healthier "stock" ... trading about 10% lower with a wait and see approach as to future results.... and IF wee see this Q was not sustainable you really should see below $2
Time to go back to slumber