INVE CERTAIN 2014 MULTI-BAGGER....400%??.....600%??......WE'LL SEE
INVE's new CEO, Jason Hart, is selling unprofitable divisions to focus on nigh-growth areas such as contact and contactless smart cards, tokens embedded in mobile phones and tablets, NFC cashless payments and identity as a service, or SaaS or cloud-based identity management solutions are growing exponentially. According to a recent filing, INVE has already sold a few unprofitable assets for about $10 million but its has not issued a press release on these sales ...yet..:)
Competitor Supercom (SPCB) has gained over 1000% in the last 52 weeks. Musch of the gain was due to the acquisition of OTIV SmartID division. The combined revenues will be about $26 M compared to INVE's over $100 M. SPCB is grossly overpriced trading at a P/S ratio of 10+ compared to INVE's 0.5 times sales. INVE has a huge upside after the "NEW INVE" is officially unveiled in INVE's 4Q 2013 earnings.
The most impressive growth is being seen in NFC transponders for machine-to-machine applications, electronic games, and mobile phone-based applications. The company expects a significant demand for its NFC products in the second half of 2013 for applications in games compatible with Xbox, Playstations, etc. In 2Q 2013 the company reported that they shipped 46 million transponders bringing 1H 2013 shipments on par with FY 2012 shipments.
CEO Jason Hart (42) joined Identive in 2011 following the acquisition of idOnDemand, a company he co-founded that pioneered the delivery of smart card-based identity solutions via a cloud service. Prior to idOnDemand, he served as CEO and director of ActivIdentity, a publicly-traded provider of identity assurance and strong authentication solutions. Hart joined Actividentity in 2005 through the acquisition of Protocom Development Systems, Inc., an identity management software security business that he founded and led as CEO. He has been listed in Business Week's Top CEOs Under 40 and was named 2002 Ernst & Young 'Entrepreneur of the Year"