I'm too cheap to join Tobin Smith's, ChangeWave Investing, but I get an e-mail from them daily urging me to join and giving me teasers like this:
" Very few joys in life come close to that of owning a $100 stock -- that you bought for $10. Our top RFID company will give you that experience -- only better, and here's why:
This company is a billion-dollar (sales) outfit known on Wall Street as an exceptionally DULL supplier to the automotive industry. YAWN.
One obscure division of this company happens to have the total SOLUTION for mandated RFID systems. NOW -- today -- and ready to ship in MASS quantities.
That's right: they are one of just a very few companies on EARTH able to meet this worldwide technology mandate that 75,000 Wal-Mart suppliers are going to be scrambling and clawing for in 2004.
And you are buying this business essentially FREE, because Wall Street is still unaware of the hidden jewel within this sleepy company. We're looking at 200% earnings growth in the coming year, a market cap at close to 3 BILLION in 24 months -- and then a spin-off, taking us comfortably into ten-bagger territory.
Best of all, this is a low-risk stock: This is the ONLY way, as a supplier, you can get your RFID systems up in time for Wal-Mart's deadline. And this company is sitting on $240 million in cash with no long-term debt; the Street valuation is absurdly based on automotive manufacturing metrics; and you get in on the spin-off I.P.O at a time when other investors would kill for just one share."
So, is UNA the company he is talking about? Is what he says true? Looking at the forward P/E, it seems very expensive already. Or do the estimates not take into account the potential RFID sales?
Just so you know-- Personal Finance has it reccomended as well for the same reasons. I have been a subscriber for many years and decided to buy UNA 3 months ago based on this reccomendation for the coming wave.