It appears I have been an idiot on this stock so far. Been in it since its IPO and have seen nothing but a downhill trend. I was hoping to stay in it, and probably will, until earnings are anounced 8/12. But to be so hyped and apparently having such a bright future, SMT has sucked.
www.touchittechnologies.com just received it's new stock symbol wednesday ..ticker TUCN ..
sp is $.37..valuation $22mil based on 61mil shs out.. tiny 12.9mil share float..
see 1st Q SALES up 191% and net income up 552%.. Q2 coming first week in AUG. Important to note TUCN did more sales in Q1, 2010 than the first 3Q's in 2009 combined and it is historically the slowest Q in the industry.. expectations for Q2 are 300%+ increase in top line...
TUCN has interactive LCD's ..the future of the industry whereas SMT purchase Next Window for technology to retrofit LCD monitors with an overlay. TouchIT's technology is far superior.
Interactive whiteboard industry is growing at 33% per year, however touchiT growing at 200-300% with the lowest cost to produce.
massive PR will commence in the next week or so... TUCN projects $12.5MIL sales in 2011 with $3.1mil net income.. at 25X's eps = $78mil valuation = $1.27 per share
valuation for SMT is too big at $2.1 BILL to experience the type of growth you will get in TUCN...Go to my www.twitter.com page LIONSHAREVC to read more
Smart white boards seem like they have huge potential. Since there is always a push to invest in education, SMT should do well in any economic climate. Plus smart boards are good for business productity, tele-meetings, etc.
As far as IPO's go, SMT should outperform TSLA...and TSLA is up 33%.