LTRX $1.51....UP 8% ON 1100% VOLUME INCREASE LAST WEEK ...50c/SHARE CASH....GLOBAL EXPANSION... ...HEAVY INSIDER BUYING...BUYOUT TARGET
SEEKING ALPHA ARTICLE LAST THURSDAY CAUSED A HUGE VOLUME SPIKE THAT CONTINUED ON FRIDAY.......LTRX CAN EASILY TRIPLE...DO YOUR DD.
LTRX IS A LEADER IN THE FAST GROWING MACHINE-TO-MACHINE CONNECTIVITY SECTOR. COMPANY OWNS OVER 70 PATENTS IN M2M TECHNOLOGIES – ACQUISITION TARGET
- FORWARD PE = 6.3 after last earnings release & new guidance
- SOLID BALANCE SHEET (50c/share cash no debt)
- HEAVY INSIDER BUYING (All buys - no sales)
- LOW FLOAT (6 Million shares)
- 0.4 X SALE
- OPENED NEW OFFICE IN SHANGHAI CHINA
- IPHONE/IPAD PRINTER SERVER FOR HOME AND OFFICE SELLING EXTREMELY WELL IN CHINA
On 9/12 LTRX filed with the SEC the presentation that they gave to institutional investors that day. Here is some info from it:
Projections for Fiscal year 2014 started on July 1, 2013
- New products will outpace decline in mature products
- Profitable growth forecasted –Double digit revenue growth and 3% GAAP net income and 8% next year
- Accelerate product development – At least one new product launch/quarter
- Expanding sales channels and marketing globally – Most recent in China with JD deal & new Shanghai office.
- Maintain and Improve strong balance sheet
- Total assets - $29.4M.
Lantronix, Inc. (NASDAQ: LTRX) is a global provider of smart networking and communications solutions for machine-to-machine (M2M) applications. Lantronix OEM Modules and Enterprise Solutions enable machines, devices and sensors to be securely accessed, managed, monitored and controlled. Lantronix solutions have applications across many industries including, security, industrial and building automation, transportation, energy, retail, financial, government, consumer electronics, medical and information technology