In retrospect,I might have added, that SWIR'S acquisition of Wavecom, a French wireless technology company, exposes Sierra to "several attractive long-term commercial and industrial growth markets." SWIR has become a global leader in the M2M market.M2M market (with a huge potential) is being supplemented by its traditional modem products making SWIR a "multi trick pony" better able to operate in a competative market. This bodes well for SWIR'S success.
In retrospect,I might have added. that SWIR'S acquisition of Wavecom, a French wireless technology company, exposes Sierra to "several attractive long-term commercial and industrial growth markets." SWIR has become a global leader in the M2M market.M2M market (with a huge potential is being supplemented by it traditional modem products making SWIR a "multi trick pony" better able to operate in a competative market. This bodes well for SWI'S success.
Sorry Cane...I didn't read your last posting.
Same thoughts, Kurtep & Cane. The Wavecom acquisition was a big risk because of the bad time they needed to act, but after 9 months (and certainly with the speed they realised firstly the acquisition and secondly the integration of WVCM in SWIR) we can conclude it was a masterstroke. Q3 will not given the results we like to see, but it looks that Q4 will be better and I hope that they can give a better guidance for Q4 than was mentioned in the previous CC. But we have to realise that acquisition and integration cost a lot and takes some time. The cash position at this moment is enough for another very bad economical period (I hope we've already past the epicentre)
I think management is solid. If they execute the game plan the tools are there and the strategy is sound.
They are in an area where they can help businesses get a better understanding where cost control and effiieciency can be maintained with the hepl of Sierras product line.
And the stock has been a beautiful thing. The chart is looking good.All the moving day averages are above and the 52 week high is within range.
I personally feel and agree that this company is on the right track as you do.
You are the only poster on the NVTL board that seems to realize that money does not grow under the mattress nor that buying back your own shares produces growth. Sure, it will reduce the number of shares in the float and, therefore, increase the earning per share but that is not growth. to inrease growth one must reduce the cost of production, build a better "mouse trap" and thereby increase sales or make an accretive acquisition. SWIR'S managment team is well aware of these factors and is pursuing the right course. That is why I have faith in the Company despite the "zig zag" in its share price and am certain that SWIR has the potential for significant gains, Those who are patient will be well rewarded.
I have to agree with Howard on this one, I've seen it happen too many times over the years to not recognize it. I do have to admit I'm a little bitter about selling after the last earnings and missing the run up but I'll make it back as she rolls over. Joining Howard on the dark side and taking up a short position at the open. - PJ