Istn will be featured in the RED CHIP Review on
May 17 ......could do something for this
stock......Also....I guess those rumors about a spinoff of ISTN's web
site business is coming getting hotter....from what I
have seen posted on other sites...If they do
that.....this should make this stock fly......T
Makeitrare, your question is a good one. Does anyone know if they use the same acctg practice as Warrantec? Also the WTECE board is full of rumors regarding a buyout by ISTN - comments?
I've been watching this stock for a while now ...
and, in my opinion, it has gone too low to resist
buying. I'm accumulating from here, and I suggest longs
dollar cost average down. It won't be this cheap for
The overhang issue with this company is their
exposure to underwriting losses. They are simply not a
pure fee based TPA, which is a much simpler financial
model. As a risk taker, they fall into the insurance
arena, but really do not have the skills/credibility to
work the analyst community in this area, which is
When they terminated a block
of dealers a few quarters back, they alluded to poor
underwriting performance, but other than flat sales, their
results did not really reflect underwriting weakness.
Investors are waiting for the other shoe to drop.
As to cash, they do not have free use of the number
often quoted. Nonetheless, they do have a decent amount
of their own cash (from the IPO, subsequent warrant
exercise and earnings - something like $10 million), but
some of this could be eaten by underwriting losses.
Down to a new 52 week low. is there something we
dont know? earnings are due in like 2 weeks..early
september if i am not mistaken...i cant wait to see them
and I hope they have a conference call.
would figure the company would do something about this
beating the stock is taking..how bout buying shares or
I emailed this company and asked the President
about the cash figure, which is correct (don't worry
about "amortized cost"), where eps are going, and why
the stock is barely up since its IPO a few years
back. Their response was substandard to say the least.
With no Investor Relations firm, stricter underwriting
standards that are good for safety but will hurt near term
eps, and the poor answers that management gave me, I
have grown quite despondent as a shareholder. Maybe
the best we can do is push management to come clean
with what's going on.
Keep in mind that some, if not all or most, of
the $10 per share in cash is "at risk" for claims and
future administrative costs. The financials do not give
any value to these liabilities.
Don't get too
excited about the $10.
This stock has how much cash per share???
Somewhere near 10 bucks if I am not mistaken???? Can
someone verify this? I am not too sure.... The 10Q says
"Treasuries At Cost" ...so does this mean the figure may be
different if not calculated "at cost"?