Sun, Feb 1, 2015, 12:58 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

PCTEL, Inc. Message Board

  • commandor58 commandor58 Mar 29, 2013 11:27 AM Flag

    PCTI-revisited

    Going back to last July, I became extremely bullish as I though the TelworX deal would add $.08-$.10/share EPS for 2013 and PC Secure, with its security software for android based wireless devices, could have huge upside. 6-8 months later, both are a bust-TelworX will not contribute profit in 2013 and PC secure is not proving to be commercially viable. However, I give mgt credit, they took a shot-not all business ventures are successful. All in all, the costs were about $1.00/share in cash.

    For 2013, ostensibly, with all the bad news out, the "core" business is still a good business with scanners, antennas and services all expected to grow over 2012. The balance sheet is still intact with $3.00 cash/share, net/net of $4/share with "core" profit prospects of $.42-$.46/share. At $7, the stock is still cheap. However, the upside instead of being in the mid teens is closer to $10. Because of the very good balance sheet and the attractive "core" businesses, the stock is fair game for an LBO or buyout by a 3rd party.

    I'm not a buyer of more, unless the stock gets closer to $6, nor am I a seller, as the dividend, stock buyback and the attractiveness of the core business are worth holding on to as I expect PCTI will not be a public company at the end of the year. Mgt has done a good job mitigating the damage of TelworX and should PCTI still be public in 2014, TelworX will contribute to profit then.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PCTI
8.39+0.08(+0.96%)Jan 30 3:59 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.