I think it is a real shame that this company
thinks so little of it's workers that it chooses to
let go most everyone who brought any new designs into
production. What the heck is
going on there? Doesn't
someone in senior management want
to see new products
come out other than a $2 million dollar dog in their
external meter modem?
.........and it's starting to move up. Even in
todays' general downtrend, it has gained 5/8.
Some of you said Scarpelli believes that some Mutual
Funds Mgrs cashing in could have caused the decline of
the last couple of days. I would accept this as a
And someone else questioned whether
deregulation has any bearing on the state of the art of Itrons
hardware/software. I don't see a reason why it would have a negative
impact on itron relative to its competitors.
Deregulation is still not fully understood, not even by the
utilities themselves, but it is used as an effective reason
for delaying any capital investment in modernization
and system upgrades, i.e: new contracts. Based on
this premise, out of all the AMR manufacturing
competitors, Itron should be considered the least affected
because they have their foot already insde the door in
many utilities and a receiving steady cash flow from
spare parts, servicing and expansion programs as the
consumer field continue to expand; while competitors are
still trying to pass the treshold. Fair comment?
Skep, I would surely like to predict when SCE will be
ready to make an award. September was my earlier
prediction and it is still possible. The screening has been
done and Itron is bound to be in the short list. I
don't have any confirmation on this; only a guts
b7bk: Sorry, I can't add to the question about
Itron's products facing regulatory obsolesence.
Ozimadius(post210) raises this concern and motsatboy(post211)
I do believe that Itron has invested
more time and effort in this technology than anyone
else considering their relatively small size(market
cap.) in general.
Look, the stock has fallen
almost 90% from it's mid 1996 high. This has to reflect
concerns about the company's past and future performance.
My guess is that this roughly 90% drop represents a
more than sufficient amount to make Itron a long term
buy. I'm not saying the stock's price is going to come
roaring back; only sales and consistent EARNINGS can
accomplish that and that takes TIME. Management will have to
be persistent in their recently found focus on the
Concerning the recent price drop,
Jemima Scarpelli also suggested yesterday, that possibly
a mutual fund(s) decided to raise some cash by
selling some of their smaller cap holdings. Given the
current market conditions, this could be a plausible
and its seeing all the itron units all over town
which has motivated me to take notice of the company's
tech. what i don't know about is the regulatory rules
which itron might or might not be in compliance with. i
haven't been in agreat deal of hurry to do my homework on
any one issue since alot of wonderful co's have been
getting very cheap. suddenly, i want to know more
here...like is this a beautiful buying opportunity or a
company which is about to see its steadily climbing
revenues begin to erode.
input? thanks b7 by the
way i'm long and bullish on sqnt or is it tempa?
Thanks for the news Skep. I got voice mail when I
called Itron late today so couldn't confirm my thoughts
with investor relations.
Since Itron has downsized
recently, I thought the price pressure might be from former
employees exercising their stock options through a cashless
transaction of selling shares at any price.
Just a guess
on my part. Any other ideas?
I just had a chat with investor relations(Jemima
Scarpelli). She had no real explaination for the recent
weakness, seemed to think it might be related to the
On the share buyback, 100,000 of the 1,000,000
authorized have been repurchased. It seems to be a question
of available monies when the remainder will be
bought back. We talked a little about ways of raising
some cash(debt, bonds, covertibles) to buy stock
seeing how it's below book at these prices. Just
talking, that's all.
The Philadelphia work is going
according to schedule(no problems mentioned). The Duquesne
contact has met all milestones so far, with just one
remaining(465,000 installs by Sept. 30th and that seems to be well
in hand as only 25,000 to 35,000 were left to do as
of last quarter end).
I am getting killed
everywhere, not jut Itron. However I have recently gotten rid
of a tremendous amount of margin and I will try to
hang tough with my current positions. skep
what is the fcc regulation that will impact itron
products. in what way will they be non-compliant? so far i
have only been researching the financials, and it is
dreadful stuff really. Revenues continuing to climb
imoressively with no bottom line benefit. could the fcc issue
be behind the big short position and the rapid
decrease in price today? b7
I have been killed on this sucker betting long. I
have been short since the mid-twenties and I am going
to get more than whole. I stick by my forecast. This
is a five dollar stock....unless new management is